Will London’s eastward turn be halted by the credit crunch? Rising East authors address the cause and effects of the credit crunch on the East London region and its international relations.
Gavin Poynter sets out the role of credit in London’s economy.
Michael Savage takes a fresh look at boom and bust in house prices.
James Stevens is concerned about further reductions in housebuilding.
Ian Abley reckons Thames Gateway growth was so low there is little to belittle.
Iain Macrury vets The Apprentice as a show of business credibility.
Richard Sharpe audits the magazine industry as it tightens up.
Andrew Blake compares the workings of credit with the magic of Harry Potter.
Andrew Calcutt claims that credit, culture and the crunch are all derived from the fetishism of production.
This is a special edition of Rising East Online issued to coincide with publication of the new book London’s Turning: the making of Thames Gateway (Ashgate), edited by Phil Cohen and Michael Rustin of London East Research Institute. Online publication of these working papers is partly a postscript to what was committed to print before credit came to a crunch; and partly the prologue to a rolling programme of discussion, inquiry and research into the re-making of East London in a revised financial context. If you would like to contribute to this programme, please contact editor Andrew Calcutt (a.calcutt@uel.ac.uk).
Also in this issue: Bruce Jerram recodes London logically; George Morgan looks back at the life reflected in Vera Drake, film director Mike Leigh’s rearview mirror on post-WWII East London.
Rising East combines analysis and scholarly work with reportage, comment, reviews, interviews and illustration. Views expressed in Rising East are not those of the University of East London, nor of the London East Research Institute. Since Rising East is a platform for debate, to endorse every view expressed here would be impossible.
Editor: Andrew Calcutt a.calcutt@uel.ac.uk
Web developer: Alex Logvynovskiy
Thanks to the UEL webteam
© 2009
Speculation makes for more efficient markets with lower transaction costs, so condemnation of speculation as wasteful should be tempered.
Michael Savage
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