Redcar could be - yet again - the canary in the coalmine for a global problem. For what 2008-9 told us is: every time there's a major credit event, the steelworks on Teesside shuts.
It was the unswayability of the left vote that put Alexis Tsipras straight back into the prime ministerial mansion he resigned from a month ago, calling a snap election.
Alexis Tsipras' final election rally had the usual soundtrack and familiar props but a different cast. After more than a fifth of his MPs split to form a new left party, the inner core of party activi
The appointment of John McDonnell as shadow chancellor was the clearest signal Jeremy Corbyn could have sent. At the heart of the shadow cabinet there will be a group that buys Corbynomics.
It's the size that matters. What political scientists knew, but the media didn't bother knowing, is that the Labour Party's membership changed under Ed Miliband.
China has stunned the world by devaluing its currency twice in two days. Or rather it has stunned that naive part of the world that believed China's economy was okay.
There is now the basis of a deal to keep Greece in the eurozone - but it involves the crushing of a government elected on a landslide and the flouting of a referendum.
The Greeks arrived with a set of proposals widely scorned as "more austere than the ones they rejected". The internet burst forth with catcalls - "they've caved in".
The new Greek government proposals, published late last night are clearly based on those submitted by Jean Claude Juncker last Thursday, before the referendum. Many Greeks are frustrated, asking: wha
Last night I responded sharply to an anonymous Greek troll known as @GreekAnalyst, comparing his right-wing network of abusive and unaccountable people...
Why did Varoufakis go? The official reason, on his blog, was pressure from creditors. But there are a whole host of other reasons that made it easier for him to decide to yield to it.
The IMF's report yesterday got swamped amid the gloom, despondency and fractiousness of the Greek crisis. It said, in short, Greece's debt has become unsustainable.
Alexis Tsipras is getting ready to stage a climbdown and he will tell the people of Greece he's about to accept something very very similar to the conditional bailout he rejected.
Last night's 'Yes' campaign demo was big - I would say maybe a quarter bigger than the 'No' demo of Monday, and with a much more angry atmosphere.
While the far left government will pose the referendum as a vote for or against austerity, the right will say it¿s an in-out vote for the single currency and the EU itself.