Financial Times
Royal Mail strategy to tackle sick days reaps big savings
Royal Mail has saved many times the cost of a 46m ($91m) investment in sickness absence management in a programme that could generate savings of 1.45bn a year if applied to the worst-affected parts of the economy, according to a new LSE report. Article includes comments from Professor David Marsden who conducted the research.
http://search.ft.com/searchqueryText=Royal+Mail+tackles+sick+days+for+
big+savings&aje=true&dse=&dsz=&x=19&y=6 (subscription)

Boris and Ken show takes a serious turn
Tony Travers, director of the Greater London Group at LSE, comments.
http://search.ft.com/search?queryText=%22london+school+of+economics
%22&aje=true&dse=&dsz= (scroll down, subscription)

Business Spectator, Australia
Greenspan's currency weakens
The latest round of debate about the Federal Reserve’s responsibility for the subprime crisis began with a piece Alan Greenspan wrote for the Financial Times in mid-March. The article has prompted a furious response from economists and the debate is still going on. Willem Buiter, professor of European political economy at LSE, wrote in his Financial Times blog that ‘Mr Greenspan’s apologia… fails to convince’.
http://www.businessspectator.com.au/bs.nsf/Article/Greenspans-currency-
weakens-E8SKF?OpenDocument

Gulf Times
Do not punish Labour: Brown
Former Financial Services Authority chief Sir Howard Davies, now director of the London School of Economics, said: ‘The worst of the particular type of credit crunch that we have been living through since last August may well be over. But we may now just be moving into straightforward economic recession where all kinds of other assets begin to deteriorate in quality and in price.’
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=216108&version=1&template_id=38&parent_id=20

Bloomberg
Brown's Labour party loses seats in local elections
‘If Livingstone were to lose, that's pretty bad news for Labour,' said Tony Travers, professor of politics at the London School of Economics. ‘If he wins easily, there'll be a lot of relief in the Labour Party.'
http://www.bloomberg.com/apps/news?pid=20601102&sid=aknlUH2z8CuY&refer=uk

Western Mail
The high cost of cancer drugs
Professor Richard Sullivan of the London School of Economics said: ‘I believe that the notion that all effective treatment should be free is a fundamental, underpinning principle of the National Health Service. A system in which you have to pay for medicines is a system which doesn’t deliver equality.’ He told the debate in Cardiff’s City Hall, that new and innovative medicines should not be the target for cost savings.
http://icwales.icnetwork.co.uk/news/wales-news/2008/05/02/the-high-cost-
of-cancer-drugs-91466-20851323/

Late-edition headlines

Financial Times
Chief executive interview: The thrill of achieving more than making money
Interview with Howard Davies, School director.
http://www.ft.com/cms/s/0/fc365bf2-1652-11dd-880a-0000779fd2ac.html

Economist
Streams of blood, or streams of peace
Conflicts of interest over water can certainly poison inter-state relations, even when an imbalance of power is so great that the aggrieved party could never consider using force. Mark Zeitoun, a Canadian scholar at the London School of Economics, says rivers provide a perfect case of ‘asymmetrical cooperation’ between countries that are forced to work together on terms dictated by the strongest.
http://www.economist.com/world/international/displaystory.cfm?story_id=11293778

Evening Standard
Don't punish us at polls for tough times says Brown
However, other experts warned that the wider economy could still be hard hit. Former Financial Services Authority chief Sir Howard Davies, now director of the London School of Economics, said: ‘The worst of the particular type of credit crunch that we have been living through since last August may well be over. But we may now just be moving into straightforward economic recession where all kinds of other assets begin to deteriorate in quality and in price.’
http://www.thisislondon.co.uk/standard-mayor/article-23481564-details/Don%27t+punish+us+at+polls+for+tough+times+says+Brown/article.do

THE
Lolita, lolly and lost girls
Article by Mary Evans, visiting fellow at the Gender Institute, London School of Economics.
http://www.timeshighereducation.co.uk/story.asp?sectioncode=26&storycode=401630

London School of Economics - Gift funds climate change centre
Two philanthropists have donated more than £12 million to create a research centre on climate change. Jeremy and Hannelore Grantham are creating the Grantham Research Institute on Climate Change and the Environment at the London School of Economics. The institute will be chaired by Lord Stern of Brentford, who led the Stern Review on the Economics of Climate Change. It will unite experts on economics, finance, geography, the environment, international development and political economy.
http://www.timeshighereducation.co.uk/story.asp?sectioncode=26&storycode=401607

New Statesman
What's driving the BNP?
‘The BNP has tended to prosper in segregated poor, white communities in the north, and in parts of the south-east where there have been unexpected infusions of new immigrants,’ says Tony Travers, an expert in local government at the London School of Economics.
http://www.newstatesman.com/200805010015

Diario de Sevilla
La última batalla de 'Ken, el rojo'
‘Si un partido pierde el gobierno local, eso lo perjudica considerablemente en las elecciones nacionales’, resumió el analista político Tony Travers, de la London School of Economics.
http://www.diariodesevilla.es/article/mundo/117749/la/ultima/batalla/ken/rojo.html

BBC Mundo
Crisis financiera: ¿pasó lo peor?
Article includes comments from Howard Davies, School director.
http://news.bbc.co.uk/hi/spanish/business/newsid_7378000/7378054.stm

Voice of America
London Voters Choose Mayor
VOA asked Tony Travers a local government expert at the London School of Economics what the issues are for Londoners. ‘What the opinion polling showed clearly was that crime and disorder was a key issue, as was transport and congestion on the roads,’ Travers said. ‘... the politicians certainly fought on those issues. They came up with new policies or attacked each other on those issues and also on others less salient in this election like the green environment, but I have to say that the question of personality also was a major element in what is a highly personalised electoral race.’
http://www.voanews.com/english/2008-05-01-voa34.cfm

Formby Times
The Christian needs none of these
Voters must take a stand against racism and extremism in today’s local elections urge three Christian denominations – the Baptist, Methodist and the URC. Paul Kelly, Professor of Political Theory at the London School of Economics, said: ‘In a democracy it is acceptable for churches to advise on voting (but) more controversial is if churches tried to sanction voting on the grounds of faith, as you get in America where faith, morality and politics are seen as continuous.’
http://icseftonandwestlancs.icnetwork.co.uk/formbytimes/churchnews/tm_headline
=the-christian-needs-none-of-these%26method=full%26objectid=20841830%26
siteid=60252-name_page.html

LSE people on TV/Radio

BBC
Today Programme
Howard Davies, School director, appeared on the programme yesterday morning, discussing the UK economy and the financial crunch.
http://www.bbc.co.uk/radio4/today/listenagain/ (7.10am)

1 o’clock News
Howard Davies was interviewed for yesterday’s programme about the Bank of England's financial stability report and the future of the credit crunch.

ITN
Howard Davies was interviewed yesterday for a piece on the Financial Stability Report.

Bloomberg
Howard Davies and Charles Goodhart, Professor Emeritus of Banking and Finance, were interviewed yesterday for the UKTV channel about bank regulation.

BBC News Channel
Howard Davies was interviewed on the Nationwide house price figures, which direction the MPC might go with interest rates and the situation in America on rates and the housing market and the impact on the UK and world economy.

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