Word: britains
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Ziauddin Sardar has written extensively on Islam, science (he used to be Middle East correspondent for Nature and the New Scientist), postmodernism, postcolonialism, multiculturalism and the complex reconciliation between Muslim belief and modernity. True to form, his latest book, Balti Britain: A Journey Through the British Asian Experience, is a simmering pot of topics that start off as an investigation into the origins of the dish that began life in the curry restaurants of Birmingham, England. It then moves into a historicized and dizzyingly wide-ranging enquiry into the origins, settlement, assimilation and cultures of the subcontinental diaspora...
...Like the endless blending of culinary traditions - a subject Sardar uses as a point of entry into how and why a term-defying group lazily called South Asians ended up in the U.K. - Balti Britain too is a garam masala of styles. It is part autobiography, part family history, part history, part journalism, part polemical essay. His favored method is to use an often mundane morsel of information and then launch into an erudite analysis of the surprisingly complex ingredients of which it is composed. For example, the unorthodox orthography of the name of his friend, AbdoolKarim Vakil...
...billion from the Troubled Assets Relief Program (TARP) lacked transparency, the Senate voted 52-42 to release the remaining bailout funds. The same day, House Democrats unveiled an even larger stimulus plan that would funnel money to local governments, fund infrastructure development and provide middle-class tax cuts. Britain, meanwhile, announced a bank-bailout plan as the European Commission predicted the loss of 3.5 million jobs in the European Union...
...That's partly because, as Brown himself pointed out, "almost every country in the world followed" where he led in the fall, introducing their own variants on the recapitalization scheme. But it's also because Britain is no longer in the vanguard in dealing with the crisis. Germany's recently unveiled stimulus package came later but is bigger than its British equivalent. The world is understandably much more interested in what President-elect Barack Obama's Administration will do than in what is being done in Britain today. (See pictures of the financial crisis in London...
...Minister - and the British economy as a whole - could scarcely have been higher. Central to those plans is the creation of a bumper insurance scheme that will permit banks to buy cover against losses on bad loans in the hopes that this will encourage banks to start lending to Britain's cash-strapped companies and consumers. Also announced: a $74 billion scheme allowing the Bank of England - Britain's lender of last resort - to buy high-quality assets directly from financial institutions as well as other companies. An existing $370 billion plan granting a government guarantee on bonds issued...