In The Loop: 28/10/08

Cost of crash: $2,800,000,000,000 28/10/08
“Autumn's market mayhem has left the world's financial institutions nursing losses of $2.8tn, the Bank of England said today, as it called for fundamental reform of the global banking system to prevent a repeat of turmoil "arguably" unprecedented since the outbreak of the first world war.” [Guardian]

£100m road to electric motoring ... police, post office and politicians step off the gas 28/10/08
“A new generation of electric public service vehicles, including postal vans, police vehicles and ministerial limousines is to be introduced as part of a government initiative to speed up the introduction of low-emission technology on Britain's roads.” [Guardian]

MPs hit out at government over motorist project 28/10/08
"The government's commissioning of a £385m telecommunications contract to help motorists beat jams on motorways took nearly three times as long as planned and cost five times more than expected, a committee of MPs says today." [Guardian]

Hats off to the new recruits 28/10/08
"Whitehall catches up with government policy by welcoming the first government apprentices" [Guardian]

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