Barack Obama won his historic election because he promised the US people, "Change they can believe in." He promised a change in the way of doing things and a change in the direction of policy. As much as anything else, that is why he won the presidency.

Senator Hillary Clinton represents the old guard. She is a continuation of the political dynasties that have dominated US politics for the last 20 years. As much as anything else, that is why she lost the Democratic primary to the Barack Obama.

See Anti-Terror Law Used in Credit Crises

This is hardly the first instance when the UK government has used anti-terrorist legislation in a manner for which it was not intended. It is clear if such powers exist they will be used as and when it suits those in power. Assurances otherwise are meaningless.

Those who warned against giving sweeping powers to the government ‘just in case’ now feel vindicated.

No one is coming out of this looking good. The Icelandic banking system now appears to have been little more than a Ponzi scheme. Iceland’s bank regulators and government were apparently enthusiastic participants.

Why The UK government allowed these banks to continue to trade in the UK is a question they have not yet answered. Both governments are attempting to avoid hard questions and blame.

When Brown took over, Labor was trailing the opposition Conservative Party in the polls. With a new man at the helm, Labor received a "bounce," which put them back in front. There was speculation of an early election.

In June 2007, Gordon Brown replaced Tony Blair as the UK's Prime Minister. Blair's unpopular foreign policy was a contributing factor in his downfall. Early indications suggest Brown is unlikely to preside over any large shifts in the UK's foreign policy.