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NEWS ABOUT: Gordon Brown

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Most Americans Lack Basic Political Knowledge: Survey

Less than 42% know Condi runs State; acumen better among highbrow-mag readers

(Newser) - Only 18% of Americans can correctly name the current secretary of state, Britain’s prime minister and which party controls the US House, a LiveScience survey finds. Among the survey’s 3,612-person sample, more than half correctly said that the Democrats have a majority in the House, while 42%... More »

How Brown Became a Superhero

Glum British PM now seems more 'Flash Gordon'

(Newser) - Unpopular at home and nearly invisible on the world stage, Gordon Brown endured a tough ride during his first year in power. But the global financial crisis has transformed the British prime minister, who now finds himself in the unlikely position of international superstar. As Europe, Australia, Hong Kong, and... More »

Crisis Separates the Champs From the Boobs

Brown and Sarkozy shine while Bush stalls, says columnist

(Newser) - The financial crisis hasn't just transformed the business world, writes Financial Times columnist Gideon Rachman; it's transformed world politics as well. Who are the winners and losers of the market upheaval?
  • Gordon Brown seems more and more the "improbable savior" of the financial system. The British bailout has been
... More »

UK Props Up Major Banks; Fed Offers Cash

Moves to shore up financial system have global markets rising

(Newser) - Governments across the globe are acting with “an enormous amount of congruence” and speed as they pour billions of dollars into rescue plans hoping to keep a sinking banking system afloat, reports the Wall Street Journal. The British government today provided $60 billion to prop up 3 banks, and... More »

Euro Nations Agree to Snap Up Bank Shares

(Newser) - European leaders emerged from a summit in Paris today and echoed the latest from Washington and London: It's time to buy up the banks, the New York Times reports. None of the 15 nations named an official price, but Germany and France will roll out plans tomorrow to buy equity... More »

Brown's Failing Eyesight Raises Concerns

PM's damaged vision may be getting worse, friends worry

(Newser) - If Gordon Brown promises not to turn a blind eye to the financial crisis, he could mean that literally—the British prime minister lost the sight in one of his eyes in a rugby accident as a teenager. But now advisers are worried that Brown could lose the already-diminishing sight... More »

US Must Save Global Economy —This Weekend

US must join UK's plan or face disaster: Krugman

(Newser) - Since the collapse of Lehman Brothers the financial crisis has gone from severe to terrifying, but the response of the United States and Europe has been "woefully inadequate," writes New York Times columnist Paul Krugman. We are now at a tipping point, and if world policymakers don't... More »

UK Buys Up Bank Shares in Radical Bailout

Cost of drastic rescue package could top $800B

(Newser) - The British government will become part owner of the nation's biggest banks with a mammoth $88-billion rescue package for the troubled institutions, the Wall Street Journal reports. Under the plan, swiftly assembled after UK bank stocks plummeted in trading yesterday, the government will purchase non-voting shares in eight of the... More »

Brown Appoints Archrival to Rejoin Cabinet

Blair ally returns to British government in surprise move

(Newser) - Gordon Brown shocked the British political establishment by reappointing one of his long-time enemies to his Cabinet. Peter Mandelson, who with Brown and Tony Blair was an architect of New Labour, will be made a lord and become the new business secretary. The return of Mandelson, currently serving in Brussels... More »

Bad News for Banks Is Great News for Brown

British PM gets poll boost in crisis, silencing critics

(Newser) - In America the financial crisis has dealt yet another blow to an already unpopular President Bush. But in Britain, collapsing banks and volatile markets are the best thing to happen to Gordon Brown in recent months. In reasserting his global economic know-how, the prime minister, who is reportedly preparing an... More »

Euros Eat Their Words as Own Bailouts Loom

A week after ripping US for crisis, dismissing need for own plan, Brown et al. retool

(Newser) - European leaders are eating their words a week after criticizing the US for allowing its banks to run dry and engineering a system-wide bailout for financial firms, Bloomberg reports. Governments across Europe, including Germany, the UK, Belgium and France bailed out banks across the continent and pledged support for others... More »

British PM Adds Obama Clip in Bid to Boost Popularity

Brown faces revolt from within his ruling Labour party

(Newser) - Gordon Brown sought to capture some of Barack Obama’s political celebrity today, the AP reports, with the embattled British prime minister showing a gathering of his Labour Party old footage of the Illinois senator praising him. Brown faces a slumping economy, and elements within Labour would like to see... More »

Lehman's $8B Transfer of Funds to US Irks Brits

British bankruptcy administrators want cash returned, say probe might be warranted

(Newser) - An $8-billion transfer from Lehman Bros.' European headquarters to its New York headquarters on the day the firm declared bankruptcy is raising issues on both sides of the Atlantic. As the sale of Lehman's US operations to Barclays was approved Saturday, the administrators of the company's bankruptcy filing in... More »

Rowling Gives $1.8M to Beleaguered Labour Party

Admires Brown's efforts to fight child poverty

(Newser) - Beleaguered British Prime Minister Gordon Brown has at least one big fan: JK Rowling gave a whopping $1.8 million to the Labour party at its annual meeting today, the Guardian reports. The Harry Potter author, who is estimated to be worth a little over $1 billion, said she gave... More »

EU Holds Emergency Summit on Georgia

No sanctions or radical changes expected

(Newser) - European Union leaders gather in Brussels in an emergency session today to review their stance on Russia’s invasion of Georgia. It's the first emergency EU meeting since the run-up to the Iraq war in 2003. With conflicting positions from the UK, France and Germany, analysts say the summit will... More »

Darling: British Economy Is at 60-Year Low

UK economic chief bluntly warns of harder times ahead

(Newser) - The outlook for Britain's economy is the bleakest since the days when the country was rebuilding from the Blitz, Chancellor Alistair Darling tells the Guardian. Darling warns that the downturn for the UK and the wider world could be "more profound and longer-lasting" than people expect. He acknowledges that... More »

3 Charged in Plot to Kill Brown

Suspects face murder, terror charges after online threats to PM

(Newser) - Three British citizens have been charged with terror offenses for allegedly plotting to assassinate Gordon Brown, the Guardian reports. The suspects, who will appear in court in London today, belong to a group calling itself Al-Qaeda in Britain. They are accused of everything from soliciting murder to inviting support of... More »

Leaked Blair Memo Blasts Brown 'Vacuity'

Leadership challenge gains steam as ex-PM slams successor

(Newser) - Gordon Brown took further lashed from his own party over the weekend as allies of Tony Blair leaked an old memo from the former prime minister bashing Brown's tenure. In the memo, written last year after Brown called off a mooted snap election, Blair accuses his successor of "hubris... More »

Top Allies Look to Unseat Gordon Brown

Knives come out for battered PM as Labour ministers plan revolt

(Newser) - Several of the leading members of Gordon Brown's government will try to oust him as prime minister, reports the Times of London. Two contenders have emerged in a possible leadership challenge: David Miliband, the youthful foreign secretary allied with Tony Blair; and Harriet Harman, the deputy leader of the Labour... More »

Obama Wraps Up Tour in London, Defends Trip

Candidate meets with Brown to close international tour

(Newser) - Barack Obama wrapped up his international tour today in London, chatting for two hours with PM Gordon Brown on Iraq, the economy, and the "special relationship" between the US and Britain. Obama, preparing to head home to Chicago, defended his trip to Europe and the Mideast as polls in... More »

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