Federal Reserve chairman Ben Bernanke led the US economy through most severe recession since the 1930s. Photograph: Toby Melville/Reuters 2.47pm: How was Lehman Brothers’ failure different from AIG, which was bailed out by the government? The question is asked by panel vice-chairman Bill Thomas. Bernanke says there was a “fundamental difference” – while Lehman lacked [...]
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3D TV dominates IFA consumer electronics show
Panasonic 3D televisions on show at IFA. Photograph: Rainer Jensen/EPA 3D television has dominated the early agenda at IFA, Europe’s largest consumer electronics show, with Panasonic and Sony both announcing flurries of new products and initiatives. Panasonic showed off what it claimed was the first genuine 3D consumer video camera, the HDC-SDT750. This will allow [...]
Bus pass fee could cut deficit, Go-Ahead boss says
A fee on free bus passes could cut Britain’s budget deficit, says Keith Ludeman, the chief executive of Go-Ahead group. Photograph: Linda Nylind Pensioners could help address Britain’s multi-billion pound deficit by paying a one-off fee when applying for a free bus pass, according to the head of one of Britain’s largest public transport groups. [...]
Samsung Galaxy Tab revealed at IFA
Samsung’s Galaxy Tab will be available from October Samsung made its eagerly awaited new entry into the mobile computing market today with the launch of the Galaxy Tab, and hinted that further versions will be unveiled next year. The 7in Android-based tablet computer with built-in phone capabilities is expected to challenge the Apple iPad. However, [...]
House prices: is this the beginning of a new slump?
Are house prices starting a new slump? Photograph: Alamy Are house price falls gathering momentum? No – the market will recover eventually Yes – the golden age of owner occupiers is over
