Mark Carney's new Bank Of England job splits Brits


Much of Canada may be weeping over the loss of Mark Carney, but the U.K. isn't sure what to make of their new high profile addition. Some argue he is the perfect man to guide their financial recovery while others predict a total financial collapse.

Part One - Mark Carney's new job at Bank Of England splits Brits

Currency with Mark Carney's signature will still be in circulation in this country when he takes over as governor of the Bank of England. Britain's Chancellor of the Exchequer, George Osborne, made the big announcement Monday to surprised reaction on both sides of the Atlantic. Never before has a foreigner run the Bank of England. Carney stays on as governor of the Bank of Canada until June.

The reaction after the announcement of Mark Carney's appointment to the head of the Bank of England was mostly positive. But not everyone is cheering. Ann Pettifor is an economic analyst and writer. Her blog on the global financial crisis is called She was in London, England.

We were also joined by David Blanchflower, an economist and professor at Dartmouth College who helped set interest rates with the Bank of England from 2006 to 2009. He was in Hanover, New Hampshire.

Other segment from today's show:

From Toronto to Tahrir, Egyptians protest President Morsi

Stigmatized real estate and what sellers must disclose

Comments are closed.