Economy experienced a huge dent

UK economy experienced a huge dent with a steady increase in net debt in recent years. People are juggling multiple debts and looking for a program of debt management trust. A considerable number of people are unemployed and many others have lost their jobs. Even the insurance industry can not escape the effect of this economic crisis. As people are economically crippled that they are trying to avoid car insurance in recent years. More than 350,000 car owners in Britain have not obtained any insurance according to statistics moneyexpert.com.

For those who believe in karma corporate, there was a cosmic laughter Tuesday when the lawsuit filed by the Upper Carl Icahn against Realogy's company owned and controlled by Apollo Management Group, was made public. In the classic form of a trial lawyer, the lawsuit was filed in the Court of Delaware Wednesday night before Thanksgiving, which will ruin someone's vacation.

In today's environment, assessing the soundness of public investments, and certify the safety of government debt is far too important to be left to private companies. The Australian Government should establish an independent body to carry out these regulatory tasks vital to the national market. As part of the new financial architecture that has emerged from the crisis, such a body must be established at the international level through cooperation among central banks.