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Daily headlines (20/06/08)

Page contents > Late-edition headlines

Guardian
Tucker tipped for new job in Bank of England shake-up
Profile of Charles Bean, former professor of economics at LSE.
http://www.guardian.co.uk/business/2008/jun/20/bankofenglandgovernor

New York Times
Bank of England Gains New Oversight Powers
Charles Bean, the central bank’s chief economist, will succeed Ms Lomax. Mr Bean, 55, previously ran the economics department at LSE and also worked at the Treasury.
http://www.nytimes.com/2008/06/20/business/worldbusiness/20bank
.html?ref=business

The Herald
Bank appoints Bean as deputy
Charlie Bean has been appointed as the new deputy governor for monetary policy at the Bank of England, the Treasury announced yesterday. Bespectacled and bearded, Bean is, like Governor Mervyn King, a former LSE academic.
http://www.theherald.co.uk/business/news/display.var.2353630.0.Bank
_appoints_Bean_as_deputy.php

The Wall Street Journal
The City Roots for Tucker
‘He doesn't have the instinctive Calvinistic rejection of the excesses of the City’ that characterizes Mr. King, said Willem Buiter, a lecturer in European Political Economy at LSE and a former member of the Bank of England's Monetary Policy Committee.
http://online.wsj.com/article/SB121390766808589627.html?mod=vocus

Times
Scientology: the Anonymous protestors
‘The common assumption today is that young people are apolitical, disengaged, hedonistic and only interested in partying,’ says Bart Cammaerts, a lecturer in media and communications at LSE. ‘This is wrong. The internet is not a guarantee of success, but it has allowed people to inform, recruit, mobilise and organise.’ http://women.timesonline.co.uk/tol/life_and_style/women/the_way_we_live
/article4173635.ece

Press Association
Call for payment to beat poverty
The Irish Government should introduce a weekly universal payment to help reduce poverty, a world expert said. LSE academic Peter Townsend said the payment would replace the current social welfare system which is outdated and inflexible. The leading poverty researcher was speaking at an international conference organised by Basic Income Earth Network (BINE) at UCD.
http://ukpress.google.com/article/ALeqM5gC3L6tdC254OJtVb4nLkE7LnY53w

Russia Today
Spy vs Spy: is East-West espionage on the rise?
‘When we start asking ourselves what countries are involved - there are great deal of references in the press of who is responsible. Only when you start to investigate and drill down and instead of the picture becoming clearer, it becomes murkier,’ said Professor Peter Sommer, computer crime and industrial espionage expert at LSE.
http://www.russiatoday.ru/news/news/26431

The World Next Week
Short-selling: scapegoat?
MoneyWeek's Tom Bulford disagrees that short selling contributes to the accurate pricing of financial assets. He points to a paper released last year by the LSE, that found not only no lessening of volatility but also that the stock market's blue-chip share indices, representing shares in established companies, were more volatile than the indices of risky small companies.
http://www.oxan.com/worldnextweek/2008-06-19/ShortSelling.aspx

Late-edition headlines

Guardian
Profile: Charles Bean
In 1982, after a stint working at the Treasury, he became a lecturer at LSE. He was promoted to professor of Economics in 1990, when he also took the role of visiting professor at Stanford University, before becoming Head of Department at the LSE in 1999.
http://www.guardian.co.uk/business/2008/jun/19/bankofenglandgovernor.interestrates

BoE's Bean promoted, Spencer Dale gets his job
Bespectacled and bearded, Bean is, like Governor Mervyn King, a former LSE academic.
http://www.guardian.co.uk/business/feedarticle/7596272

Also in

Evening Standard
Bean steps up at Bank after shock Gieve exit
Bank of England chief economist Charlie Bean was today promoted to Deputy Governor as the shock departure of Sir John Gieve reverberated around the City. Two spells in the Treasury saw him move to LSE, where he became head of the economics department.
http://www.thisislondon.co.uk/standard-business/article-23496708-details/Bean+steps
+up+at++Bank+after+shock+Gieve+exit/article.do

Also in

International Herald Tribune
UK financial oversight is overhauled
The Bank of England announced a revamping of its top leadership Thursday as it was granted enhanced powers to manage financial crises in the biggest overhaul of Britain's financial regulatory system in a decade. Charles Bean, the central bank's chief economist, will replace Lomax. Bean previously ran the economics department at LSE and also worked at the Treasury.
http://www.iht.com/articles/2008/06/19/business/UKecon.php

City AM
Sovereign wealth funds eye Barclays
Meanwhile, London School of Economics director Sir Howard Davies has warned Chinese banks against investing in Western banks. A Chinese newspaper reported Davies had told the banks their investors did not want them playing the roulette wheel on investments in the West.
http://www.cityam.com/index.php?news=15810

Guardian
Insured for an arm and a leg
On the other side of the coin, Alastair McGuire, professor of health economics at LSE, says health insurance companies, like general insurers, make some of their profits from investing the premiums they receive, particularly in the stock market. But returns from equities, unless invested solely in the UK or emerging markets, have been fairly low for years, so premiums have risen.
http://www.guardianweekly.co.uk/?page=editorial&id=219&catID=14

Times
The UK's best law schools
Also in the top five law schools are LSE, King's College London and University College London.
http://business.timesonline.co.uk/tol/business/law/article4170528.ece

Economic Times, India
Oxford tops the chart of best British universities
The Russell Group research-intensive universities command top positions this year, confirming the dominance of Britain's older, more traditional institutions. The universities in this group include Birmingham, Cardiff, Edinburgh, Warwick, Glasgow, Liverpool, Nottingham and Sheffield. Cambridge, Oxford and London School of Economics also fall in this group.
http://economictimes.indiatimes.com/News/News_By_Industry/Services/Oxford_
tops_the_chart_of_best_British_universities/articleshow/3146162.cms

The Financial, Georgia
LSE ranked fourth in the Good University Guide
Excellent research and outstanding career prospects for graduates helped propel LSE to fourth place in The Times’ Good University Guide 2009 which is published on June 19.
http://finchannel.com/index.php?option=com_content&task=view&id=15383&Itemid=9

Scotsman
City university ranked among country's best
Edinburgh University has been named the second best Scottish university in a league table of higher education institutions. It lies behind Oxford, Cambridge, Imperial College London and the London School of Economics.
http://news.scotsman.com/education/City-university-ranked-among-country39s.4201410.jp

Also in

Camden New Journal
The 42-day detention law is a monstrous invasion of freedom
Letter by Professor Conor Gearty, professor at the Centre for the Study of Human Rights, LSE.
http://www.thecnj.co.uk/camden/2008/061908/forum061908.html

Canada NewsWire
Our kids are growing up with porn
Although it's hard to quantify exactly what and how much online porn kids are looking at, a report from LSE found that nine out of 10 children between the ages of eight and 16 have viewed at least something that qualifies.
http://www.newswire.ca/en/releases/archive/June2008/19/c5980.html

Also in

Spiegel Online
Poland's New 'Strategy of Love'
When Donald Tusk won the election last October, Gomulka allowed himself to be lured out of his idyllic retreat once again. He fled from the communists in 1968 and eventually became a professor at LSE.
http://www.spiegel.de/international/europe/0,1518,560731,00.html

Mortgage Solutions
Persuasion not information triggers PPI sales
In a recent report, ‘Information v Persuasion, Experimental Evidence on Salesmanship, Mandatory Disclosure and Purchase of Income and Loan PPI’, LSE investigated the extent to which insurance sellers influence buyers and whether mandatory information disclosure would affect the sale.
http://www.mortgagesolutions-online.com/public/showPage.html?page=800348

Independent
The day the money dried up
Sean McNally, fees manager at LSE, a few years ago suggested there was a need for US-style finance here and the Sallie Mae executives he spoke to listened closely.
(Source: Lexis)

The Kingston Whig-Standard, Canada
The face of war is changing: expert - Conference examines why traditional military thinking is obsolete
While the majority of attendees are US and Canadian military, it also featured discussions by the likes of David Mulroney from the Privy Council and a member of the Afghanistan Task Force, Mary Kaldor of LSE, Albert Ramdin, assistant secretary general of the Organisation of American States, and Daniele Riggio from NATO headquarters in Brussels.
http://www.thewhig.com/ArticleDisplay.aspx?e=1079680&auth=BY+IAN+
ELLIOT+WHIG-STANDARD+MILITARY+REPORTER

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