The Independent (29 August 2015)
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The Independent is a British national morning newspaper published in London by Independent Print Limited. Nicknamed the Indy, it was launched in 1986 and is one of the youngest UK national daily newspapers. The Independent is regarded as coming from the centre-left, on culture and politics, but tends to take a more pro-market stance on economic issues.
Tamal were playing catch-up. Ian decided that bigger was best and embarked on a crazy carrot cake construction complete with its own special stand and featuring five cakes. Tamal’s Sticky Toffee Pudding Fruit Cake, inspired by an abandoned Chinese village and dripping with spun sugar cobwebs, was a thing of beauty. Both, however, paled in comparison to Nadiya and her Big Fat British Lemon Drizzle Wedding Cake. Draped in red, white and blue sari cloth, it looked and tasted unbeatable. The judges’
7 8 9 10 11 12 13 14 15 16 17 Down 1 Hungarian composer (5) 2 Slowly (Mus.) (6) 3 Nonsense (6) 4 Like a lion (7) 5 Made more efficient (11) 6 Collection (10) 7 Destroyer of religious images (10) 11 Distribute (4,3) 14 Eyepiece (6) 15 Rounded stone (6) 18 Form of quartz (5) 18 19 20 21 SOLUTION TO YESTERDAY’S CONCISE CROSSWORD Across: 1 Kitsch, 4 Enrol (Kitchen roll), 8 Decimal, 9 Hated, 10 Egypt, 11 Roulade, 12 Concomitant, 16 Trailer, 17 Adage, 19 China, 20 Narrate, 21 Trace, 22
persuaded to accept some kind of a compromise deal to give Hungary some freedom. Goncz helped Istvan Bibo, a minister in the overthrown government, draft a document to KPS Menon, the Indian ambassador in Moscow, in the hope that India might be able to mediate. That landed Goncz in jail in 1957 on a charge of treason and earned him life imprisonment at a secret trial. Life behind bars was harsh, but for Goncz also something of an intellectual club – as he put it, “the best minds of Hungary were in
consultant John Ralfe, who used to run the Boots pensions scheme. “He was a reformer. He wasn’t a rookie, so he knew his way around. There isn’t much sign of the funds increasing transparency so far.” 54 M THURSDAY 8 OCTOBER 2015 THE INDEPENDENT Business Hamish McRae Economic View A new global recession? There are reasons to be sceptical The “Is this just a dip or is it something worse?” debate about the world economy has heated up a few notches. Forecasters have been historically poor at
sense of pressure in either the goods or service markets. There is pressure on infrastructure in both countries, and in some places on housing, but not in general productive capacity. In Europe and Japan there is a huge amount of spare capacity in both labour and product markets, no doubt about that. Third, there are few general early warning signs of global recession in the money markets. In fact, global money supply growth is quite strong. The bottom graph, from a paper by Oxford Economics,