2011. Crisis. Greek intelligence probes bond speculators -press. US. FishIndustry. Economics. BRIC. Market. UK_ continua tentando sair da crise. The Bank of England's rate-setters have decided to pump an extra £25bn into the economy in their quantitative easing (QE) programme.
They also kept interest rates unchanged at 0.5% for an eighth month. The Bank has already spent £175bn on QE, which involves printing money to buy assets from banks and other companies to stimulate the economy. The extra £25bn will be spent over the next three months, which is a slower rate of spending than before. In the previous three months the Bank had spent £50bn. "It would be interesting to learn why the committee has gone for a smaller expansion of asset purchases than previously," said Philip Shaw, economist at Investec.
New drive to harness wave power. Meet green monsters of the deep In a bleakly beautiful island landscape, some strange new sights are emerging. In the turbulent waters off the shores of Orkney, in the far north of Scotland, an array of bizarre machines is being deployed in a drive to harness the power of the sea. The European Marine Energy Centre at Stromness is playing host to nearly a dozen experimental devices designed to capture the energy of the tides and the waves. It is too early to tell if any of them will work on a large scale or ever succeed commercially. But during lucky breaks in Orkney's fearsome winter weather, I got the chance to see two of the devices in action.