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The great interest rate rip off part 10


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Chinese Cash Floods U.S. Real Estate Market

 

By DIONNE SEARCEY and KEITH BRADSHER 12:25 PM ET

 

Some of the Chinese money pouring into the global economy has gone into residential property, in major American cities and places like Corinth, Tex.

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Brandon Thibodeaux for The New York Times

 

The Hunter’s Glen Village development in Plano, Tex., a Dallas suburb popular with Chinese buyers.

 

 

 

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Black Friday Shopping Shifts Online as Stores See Less Foot Traffic

 

By HIROKO TABUCHI

 

Total online sales are expected to generate $2.6 billion on Black Friday, a 14 percent increase compared to the same day last year.

 

 

 

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Black Friday Offers Deals for Some, but Disappointment for Others

 

By THE NEW YORK TIMES

 

The history of Black Friday tracks the history of modern American retailing. These days, however, the shopping and deals aren’t just limited to one day.

 

 

 

 

 

 

 

 

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Adele Goes Viral, No Selfies or Tweets Needed

 

By BEN SISARIO

 

A 27-year-old mother who pretty much ignores social media is selling more albums than anyone in the sagging music business thought was still possible.

 

 

Strategies

 

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Pfizer Didn’t Need an Inversion to Avoid Paying U.S. Taxes

 

By JEFF SOMMER

 

The Pfizer-Allergan merger has been criticized because of a planned headquarters move to Ireland, but such strategies are not necessary to avoid taxes.

 

 

28DB-PACTUAL-thumbStandard.jpg

BTG Pactual, Brazilian Bank, Seeks to Calm Investors After C.E.O.’s Arrest

 

By VINOD SREEHARSHA and DAN HORCH

 

BTG Pactual, a Brazilian investment bank, has promised to cooperate with any investigation into corruption involving Petrobras.

 

Revalued

 

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Big Companies Put Their Money Where the Trash Is

 

By DAVID GELLES 12:35 PM ET

 

The Closed Loop Fund, backed by nine major corporations, is making loans to local governments and companies to build recycling infrastructure.

 

29carbon-thumbStandard.jpg

Paris Climate Talks Avoid Scientists’ Idea of ‘Carbon Budget’

 

By JUSTIN GILLIS

 

Nations have pointedly declined to take up a recommendation from scientists, made several years ago, that they set a cap on total greenhouse gases.

 

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Bill Gates Expected to Create Billion-Dollar Fund for Clean Energy

 

By CORAL DAVENPORT

 

An announcement is anticipated on Monday at the global summit meeting on climate in Paris, as Mr. Gates takes a major step to cut global-warming emissions.

 

27MACAU-thumbStandard.jpg

Macau Gambling Industry Faces Challenges on Multiple Fronts

 

By NEIL GOUGH

 

The once-booming gambling industry in Macau now confronts an array of obstacles, ranging from restrictive local policies to China’s economic slowdown and crackdown on corruption.

 

The Workologist

 

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Nudging the Boss for Your Performance Review

 

By ROB WALKER 11:32 AM ET

 

An employee who is supposed to have a performance review every six months hasn’t had one in a year and seeks advice on how to request and prepare for one.

 

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Chinese Stocks Plunge 5.5%, Their Biggest Single-Day Drop in 3 Months

 

By NEIL GOUGH

 

Investors appeared to be cashing out to invest in new initial public offerings, and they were reacting to news that two brokerage firms were being investigated.

 

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Kentucky, Beacon for Health Law, Now a Lab for Its Retreat

 

By ABBY GOODNOUGH

 

The only Southern state to embrace the Affordable Care Act appears headed in a different direction under a new governor, Matt Bevin.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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29 November 2015

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Murdoch’s British Tabloids Clean Up Their Acts

 

By SARAH LYALL 1:50 PM ET

 

 

A decade after a phone-hacking scandal exposed a pattern of illicit information-gathering, the unspoken laws of tabloids have been reconfigured.

 

 

 

30TABLOID1-sfSpan.jpg

Dan Kitwood/Getty Images

 

Rebekah Brooks leaving a London court in 2012. Ms. Brooks was acquitted of various crimes in 2014 and then basically reinstated to her old job as chief executive of News UK.

 

 

 

 

 

 

 

 

 

 

 

The China Factor | Part III

 

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Chinese Cash Floods U.S. Real Estate Market

 

By DIONNE SEARCEY and KEITH BRADSHER

 

Some of the Chinese money pouring into the global economy has gone into residential property, in major American cities and places like Corinth, Tex.

 

29carbon-thumbStandard.jpg

Paris Climate Talks Avoid Scientists’ Idea of ‘Carbon Budget’

 

By JUSTIN GILLIS

 

Nations have pointedly declined to take up a recommendation from scientists, made several years ago, that they set a cap on total greenhouse gases.

 

Revalued

 

29-REVALUED-1-thumbStandard.jpg

Big Companies Put Their Money Where the Trash Is

 

By DAVID GELLES

 

The Closed Loop Fund, backed by nine major corporations, is making loans to local governments and companies to build recycling infrastructure.

 

The Workologist

 

21workologist-illo-thumbStandard.jpg

Nudging the Boss for Your Performance Review

 

By ROB WALKER

 

An employee who is supposed to have a performance review every six months hasn’t had one in a year and seeks advice on how to request and prepare for one.

 

Vocations

 

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Anh Nguy: Research Is Her Recipe

 

As told to PATRICIA R. OLSEN

 

Ms. Nguy creates food concepts for food companies and restaurants as a culinologist, or research chef, at Ingredion. She works in Bridgewater, N.J.

 

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Gentrification in a Brooklyn Neighborhood Forces Residents to Move On

 

By VIVIAN YEE

 

Amid rapid gentrification, African-Americans and West Indians living in Crown Heights for generations are going east, or sometimes even out of the country.

 

 

Massachusetts, Like Boston, Weighs Raising Legal Age for Buying Cigarettes to 21

 

By THE ASSOCIATED PRESS

 

The minimum legal age for tobacco sales has emerged in recent years as a new front in the battle to curb smoking.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

IMF to make Chinese yuan reserve currency in historic move

 

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Renminbi will join basket of elite currencies including dollar, pound, euro and yen

23 Comments Fresh ECB stimulus set to hit Europe's biggest banks

 

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Further interest rate cuts will hurt profit margins at the eurozone's largest and safest lenders

12 Comments

Shell-BG deal to win green light

 

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Regulators in China and Australia likely to support move to create Britain’s biggest company

12 Comments

Lloyds’ dividend under threat from stress tests

 

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The Bank of England has tested banks’ finances to see how they stand up to a fictional economic crash, and could tell banks to give less money to shareholders

17 Comments

Air traffic control sale could trigger international bidding war

 

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Sale of state's 49pc stake in UK air traffic control could start bidding war as investors seek stable infrastructure assets

31 Comments

Financial Times and Guardian 'conspired' in delivery turf war

 

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High Court case exposes allegations of tyre slashing as Nikkei takeover looms

4 Comments

Osborne's plan to save £1m per day on emergency services network under threat

 

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Airwave launches legal action to challenge upgrade to EE's 4G

8 Comments

Liberty saves 350 jobs after Caparo steel empire topples

 

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Rescue comes as steel industry turmoil has put thousands out of work

3 Comments

Trainline's derailed IPO pushes the firm to a loss

 

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Ticketing site scrapped its float plans after a private equity takeover

Comment

Karma Cola puts some fizz into drinks market

 

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The ethical soft drinks firm is taking on Coca Cola

 

Osborne has opted to put the economy on a riskier path

 

Higher carbon taxes are coming – get used to it

 

Two weeks that will shake the world

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Oil retreats after pre-OPEC rally; Brent dips, U.S. crude steady

 

FXpert, Middle East 7:31pm GMT

 

IMF gives China's currency prized reserve asset status

 

FXpert, IMF 6:35pm GMT

 

Brazil's BTG Pactual looks to new leadership; Esteves quits amid graft probe

 

6:34pm GMT

 

'Toxic trio' of emerging markets suddenly smelling of roses

 

5:44pm GMT

 

UK Black Friday online spend jumps 36 percent to 1.1 billion pounds - Experian-IMRG

 

UK 5:35pm GMT

 

Greece aims for debt relief deal in February 2016 after reforms done

 

5:12pm GMT

 

Nikkei seeks digital media powerhouse with $1.3 billion FT purchase

 

5:04pm GMT

 

FTSE lags euro zone, ends November lower

 

FXpert 5:01pm GMT

 

The Great Divide - how markets are shaping up ahead of Fed, ECB

 

FXpert 4:52pm GMT

 

British court approves landmark plea deal over Standard Bank bribery

 

4:49pm GMT

 

LME to boost revenue from allowing metal as collateral

 

4:38pm GMT

 

Exclusive - Music festival company SFX explores debt restructuring

 

4:19pm GMT

 

Dollar hits highest since March, world stocks mixed

 

FXpert 4:13pm GMT

 

Spain's fragmented supermarkets squeezed towards mergers

 

Spain 3:55pm GMT

 

Jailed Libor trader Tom Hayes appeals 14-year sentence, conviction

 

3:45pm GMT

 

First Greek reform review seen done in early 2016 - EU mission head

 

3:17pm GMT

 

VPS Healthcare says won't make an offer for Al Noor Hospitals

 

Africa 3:12pm GMT

 

Greek banks won't need even more recapitalisation - ECB

 

3:11pm GMT

 

Fed approves curb to future 'too big to fail' lending

 

FXpert 2:49pm GMT

 

Tribune Publishing says not in talks to sell itself after Murdoch tweet

 

2:38pm GMT

 

Bank of England extends credit support for small businesses

 

2:03pm GMT

 

Factbox - Esteves wanted BTG Pactual to rival top investment banks

 

1:58pm GMT

 

UK public's inflation expectations sag to six-month low in November - Citi/YouGov

 

1:57pm GMT

 

Thyssen promises Australian jobs as bids for submarine contract

 

Australia 1:39pm GMT

 

Euro zone bank fund to start in January with no delays - EU

 

1:32pm GMT

 

Accounting body sees EU approval for bank loans provisioning rule soon

 

FXpert 1:12pm GMT

 

London judge says will approve landmark ICBC Standard Bank plea deal

 

1:04pm GMT

 

Welsh town copies corporates in tax protest

 

12:53pm GMT

 

Exclusive - Malaysia's Felda scraps $680 million Eagle High deal to rethink plan

 

12:33pm GMT

 

Vale CEO Ferreira quits as chairman of Brazil's Petrobras

 

12:30pm GMT

 

BHP shares sink on Brazil's plan to sue over mine disaster

 

12:06pm GMT

 

British investors raise UK equities; cut U.S., Europe in portfolios - Reuters poll

 

FXpert 12:06pm GMT

 

Global funds raise U.S. equity holdings, eye emerging markets for 2016 bounce

 

FXpert 12:04pm GMT

 

French Connection winter fashions help sales to recover

 

11:20am GMT

 

EU seeks to reduce capital-raising costs for companies

 

FXpert 11:05am GMT

 

UK October consumer credit rises strongly, mortgage approvals edge higher

 

9:38am GMT

 

Legal & General fund arm calls for compulsory cyber audits

 

9:30am GMT

 

VW to recall 2.46 million German cars with illegal software - Die Welt

 

9:25am GMT

 

IG sees second-quarter revenue slightly ahead of previous quarter

 

8:16am GMT

 

Charterhouse sells Armacell to Blackstone-led partnership

 

8:15am GMT

 

Paysafe says current accounts safe from 2009-10 data breach

 

7:48am GMT

 

Aberdeen full-year assets hit by emerging market outflows

 

7:42am GMT

 

BOJ's Kuroda dismisses calls to go slow in hitting inflation target

 

Japan 7:14am GMT

 

German retail sales dip on the month in October

 

FXpert 7:10am GMT

 

Swatch, Visa launch pay-by-wrist watch venture

 

6:25am GMT

 

Amazon releases video showcasing unmanned delivery drones

 

1:30am GMT

 

Anheuser-Busch InBev to sell Peroni, Grolsch to smooth merger - FT

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

6 ways to feel more awake at work

 

Lack of sleep has a greater impact on productivity than smoking, drinking and overeating

 

 

 

Russia faces financial crisis if oil price falls below $30 a barrel

 

 

 

 

 

The 10 fastest countries in which to start a business

 

 

 

 

 

 

 

John Lewis Cyber Monday deals including Apple iPad, Dyson and Olympus

 

Online shopping has become increasingly important to John Lewis

 

 

 

 

 

Ebay's Cyber Monday deals including Beats by Dre, Nikon, Dyson and LG

 

 

 

 

 

Cyber Monday: Amazon deals round up

 

 

 

 

 

 

Peroni and Grolsch put up for sale by AB InBev

 

AB InBev is set to buy SABMiller for about $108 billion

 

 

 

 

 

 

These are the 10 countries with the happiest workers

 

Belgium, Norway and Costa Rica have the happiest workers in the world

 

 

 

 

 

 

 

 

Amazon releases video of new delivery drone prototype

 

Its eight propellers enable it to take off and land vertically

 

 

 

 

 

 

More publishers fail as e-books rise

 

UK e-book revenues climbed 11 per cent to £563m in 2014, while sales of physical books fell 5 per cent to £2.7bn

 

 

 

 

 

 

 

 

Robots ‘will create UK jobs, not destroy them’

 

Investing in robots would create more, not fewer, jobs for the UK’s embattled manufacturing industry, according to research from Barclays.

 

 

 

 

 

 

Banks braced for verdict on tougher stress tests tonight

 

Britain’s banks will tonight learn whether they have passed tough Bank of England stress tests, after the collapsed bank HBOS was told it had “less than” a 1 in 100,000 chance of failing those imposed by the then regulator just three years before its near-collapse.

 

 

 

 

 

Thousands of City firms use outdated broadband

 

 

 

 

 

Gap between bosses’ pay and average wage 'getting wider each year'

 

 

 

 

 

 

Banks 'face threat from global warming'

 

Financial institutions are threatened with climate-related losses on several fronts

 

 

 

 

 

 

 

 

After the little red book in Parliament, should we reconsider Mao?

 

It has become an increasingly respectable argument to assert that, despite the tens of millions of Chinese who were undoubtedly done to death under Mao, he prepared the ground for the country’s economic modernisation. Did Mao really do more good than harm?

 

 

 

 

 

 

Cards Against Humanity makes $71,000 after charging $5 for nothing

 

'On Black Friday, everybody is selling something. We’re the only company to offer the superior Black Friday experience of buying nothing'

 

 

 

 

 

 

 

Tax avoidance is corporate America's way. So spare us Pfizer hypocrisy

 

US Outlook: American politicians feed hungrily at the Wall Street trough

 

 

 

 

 

Punish errant bankers – or we are doomed to repeat the past

 

 

 

 

 

A charity fundraising dinner that taught me about food waste

 

 

 

 

 

 

Third quarter GDP growth held back by record drag from trade

 

The trade blow was blamed on a stronger pound and a much more uncertain global climate

 

 

 

 

 

 

 

HSBC tax leaker gets five-year sentence in absentia

 

Falciani has lived in exile in France since he handed over the documents to governments around the world

 

 

 

 

 

Total triumph for activists at Alliance as Forseke calls it quits

 

 

 

 

 

Politicians 'lack the courage to punish bad bank bosses'

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Gold heads for biggest monthly drop since 2013

 

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Gold falls as bets that the US Federal Reserve will raise interest rates in December for the first time since 2006 pushes pound below $1.50 mark

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Britain's biggest banks braced for stress test results

 

Britain’s biggest banks are expected to prove they can survive a recession, but may be told to do more to strengthen their positions over coming years

 

 

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Loan boost for small firms as banks get cheap funding

 

The Bank of England's Funding for Lending Scheme has been extended for another two years

 

 

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Gatwick launches last-ditch attack on Heathrow expansion

 

A government committee is this week expected to meet for a final time and back a third runway at Heathrow

Comment

IMF blesses China's yuan but the dollar is still dangerously dominant

 

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'A dollar-centric financial world has created powerful and sinister distortions,' says SLJ Macro. The world will be safer as the Chinese yuan comes of age

Comment

 

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Aberdeen fears worse is to come in Asian markets

 

Investors pulled out of the emerging market equities in 'the worst quarter… since the global financial crisis', and the markets may not recover soon

 

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ICBC Standard Bank pays out $32.5m for bribery failings

 

The bank has signed the first ever UK deferred prosecution agreement for confessing that it failed to stop bribery in a Tanzanian bond issuance

 

India poised to become fastest growing large economy

 

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India's economy expands by 7.4pc in the third quarter, putting it on course to overtake China as the fastest growing large nation in the world

8 Comments

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Boost for UK car manufacturing as Nissan ramps up in Sunderland

 

Japanese car giant chooses North East plant to build luxury Infiniti model in £250m vote of confidence

 

 

BHP Billiton shares drop as it braces for £3.5bn fine over Brazil dam burst

 

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The Australia-based miner and its partners are facing legal action from the Brazilian government over Samarco-run mine

Aberdeen may need a shelter from the storm

 

Despite Britain’s love affair with property, too few of us own homes

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

UK tobacco firm 'paid bribes in Africa'

 

 

 

 

A BBC investigation has uncovered evidence of corruption and bribery at one of the UK's biggest companies.

 

 

 

Related content

 

 

 

Full article UK tobacco firm 'paid bribes in Africa'

 

 

 

 

 

 

 

 

 

 

Heathrow says runway mood music positive

 

As a key decision approaches on airport expansion, Heathrow offers Number 10 a series of pledges to try to win government backing for a third runway.

 

 

 

 

 

Kamal Ahmed Business editor

 

 

  • 8 hours ago
  • From the section Business
  • 281 comments

 

 

Related content

 

 

 

Full article Heathrow says runway mood music positive

 

 

 

 

 

 

 

Live Retail sales set to hit £1bn today; climate change talks

 

John Lewis sees best sales day in history on Black Friday; Wall Street opens lower.

 

 

 

Related content

 

 

 

Full article Retail sales set to hit £1bn today; climate change talks

 

HS2 section 'to open six years early'

 

 

Full article HS2 section 'to open six years early'

Cyber Monday adds to online sales surge

 

 

Full article Cyber Monday adds to online sales surge

China's yuan gains IMF reserve status

 

 

Full article China's yuan gains IMF reserve status

 

 

 

Consumers get choice of water services

 

 

Full article Consumers get choice of water services

Indian economic growth picks up to 7.4%

 

 

Full article Indian economic growth picks up to 7.4%

Warning over corporate bond market

 

 

Full article Warning over corporate bond market

BHP shares hit as miner faces lawsuit

 

 

Full article BHP shares hit as miner faces lawsuit

Tax on sugary drinks backed by MPs

 

  • 30 November 2015
  • From the section Health
  • 1013 comments

 

Full article Tax on sugary drinks backed by MPs

Mainland Chinese shares extend losses

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

China’s Renminbi Is Approved by I.M.F. as a Main World Currency

 

By KEITH BRADSHER 2:30 PM ET

 

 

The International Monetary Fund’s move helps pave the way for the currency’s wider use in trade and finance, but could add volatility to the economy.

 

 

 

 

 

 

 

 

 

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Susan Walsh/Associated Press

 

Christine Lagarde, managing director of the I.M.F., speaking Monday.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

30db-rico1-thumbStandard.jpg

Behind Puerto Rico’s Woes, a Broadly Powerful Development Bank

 

By MARY WILLIAMS WALSH and MICHAEL CORKERY

 

Much of the $72 billion in debt the island cannot repay stems from loans extended and guaranteed by its Government Development Bank

 

News Analysis

 

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Disney’s ‘Star Wars’ Attracts Investors in Midst of ESPN Woes

 

By BROOKS BARNES

 

Movies — in particular one movie -- have started to drive Disney’s stock. The question is whether that is sustainable.

 

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Obama, at Conference, Says U.S. Is Partly to Blame for Climate Change

 

By GARDINER HARRIS

 

“The United States not only recognizes our role in creating this problem, we embrace our responsibility to do something about it,” the president said on Monday.

 

 

 

30turkeyecon1-thumbStandard.jpg

Tensions With Russia Add to a Chill in Turkey’s Economy

 

By KEITH BRADSHER

 

Even before Russia imposed sanctions over the downing of a combat jet, an influx of migrants and a loss of export markets hindered Turkey’s economy.

 

30jpRETAIL-thumbStandard.jpg

Black Friday Just a Day This Year, No Longer a Bellwether

 

By HIROKO TABUCHI

 

Black Friday’s importance has waned as retailers have offered holiday sales earlier and longer.

 

30ADELE-thumbStandard-v2.jpg

Adele’s ‘25’ Sells Record-Shattering 3.38 Million Copies

 

By JOE COSCARELLI

 

That’s nearly a million more than the previous high mark for first-week sales — ’N Sync sold 2.4 million copies of “No Strings Attached” in 2000.

 

 

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Tax Status of Museums Questioned by Senators

 

By PATRICIA COHEN

 

Senator Orrin G. Hatch suggested that some museums may offer minimal benefit to the public while enabling donors to reap substantial tax advantages.

 

30TABLOID1-thumbStandard.jpg

Murdoch’s British Tabloids Clean Up Their Acts

 

By SARAH LYALL

 

Years after a phone-hacking scandal exposed a pattern of illicit information-gathering, the unspoken laws of tabloids have been reconfigured.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Is this the most heartbreaking Christmas advert of all time?

 

Is this the most heartbreaking Christmas advert of all time?

 

 

 

 

The Islington flats where a one-bed costs £715,000: in pictures

 

 

 

 

 

Saudi Arabia is planning the world's tallest skyscraper

 

 

 

 

 

 

 

Bank of England warns on buy-to-let housing market

 

Standard Chartered and RBS were judged the weakest of the high street banks

 

 

 

 

 

Vision Direct borrows the John Lewis formula for its Christmas ad

 

 

 

 

 

Open-plan is king and 'frictionless working' is the aim at Facebook HQ

 

 

 

 

 

 

10 leadership lessons from Game of Thrones

 

Careers experts are using the show for careers advice

 

 

 

 

 

 

London luxury property is now double the price of New York

 

There has been a 7 per cent rise in London based high-net worth investors seeking to buy prime residential property in New York.

 

 

 

 

 

 

 

 

The 10 biggest business stories on Tuesday December 1

 

UK banks get their tests results; Chinese manufacturing falls to lowest level for three year; Martin Senn is stepping down as chief executive of Zurich

 

 

 

 

 

 

LVMH sets new gold standard for Repossi

 

Gaia Repossi is the fourth generation of the family running the business

 

 

 

 

 

 

 

 

Miners face $5.2bn fine as death toll rises at Brazil dam tragedy

 

The London-listed company is co-owner, with Vale, of the mine in Brazil where two dams containing mining sludge burst earlier this month

 

 

 

 

 

 

Seven years after the crisis, Britain is still addicted to debt

 

Outlook

 

 

 

 

 

How a stalwart of high-class retail lost its fashion sense

 

 

 

 

 

EU stock market rule change to boost start-up floats

 

 

 

 

 

 

IMF puts China’s yuan in official basket

 

The IMF ruled that the currency met the criteria for inclusions of being 'freely usable'

 

 

 

 

 

 

 

 

French Connection starts warming up for winter sales

 

The company, which has 390 branded stores worldwide, revealed it would be closing seven non-contributing stores in the UK and US

 

 

 

 

 

 

Bank extends loan help for small firms by two years

 

The FLS was due to be wound down early next year. But Bank Governor Mark Carney and Chancellor George Osborne have agreed to prolong it until early 2018

 

 

 

 

 

 

 

Aberdeen Asset Management says Asian storm is dying down

 

Martin Gilbert sees brighter days and hails wisdom of Scottish Widows deal

 

 

 

 

 

6 ways to feel more awake at work

 

 

 

 

 

Russia faces financial crisis if oil price falls below $30 a barrel

 

 

 

 

 

 

The 10 fastest countries in which to start a business

 

Small businesses have urged the Chancellor George Osborne to simplify taxes and improve infrastructure

 

 

 

 

 

 

 

John Lewis Cyber Monday deals including Apple iPad, Dyson and Olympus

 

Online shopping has become increasingly important to John Lewis

 

 

 

 

 

Ebay's Cyber Monday deals including Beats by Dre, Nikon, Dyson and LG

 

 

 

 

 

Cyber Monday: Amazon deals round up

 

 

 

 

 

 

These are the 10 countries with the happiest workers

 

Belgium, Norway and Costa Rica have the happiest workers in the world

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Peroni and Grolsch put up for sale by AB InBev

 

AB InBev is set to buy SABMiller for about $108 billion

 

 

 

 

 

Amazon releases video of new delivery drone prototype

 

 

 

 

 

More publishers fail as e-books rise

 

 

 

 

 

 

Robots ‘will create UK jobs, not destroy them’

 

Investing in robots would create more, not fewer, jobs for the UK’s embattled manufacturing industry, according to research from Barclays.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banks braced for verdict on tougher stress tests tonight

 

Britain’s banks will tonight learn whether they have passed tough Bank of England stress tests, after the collapsed bank HBOS was told it had “less than” a 1 in 100,000 chance of failing those imposed by the then regulator just three years before its near-collapse.

 

 

 

 

 

 

 

 

Tax avoidance is corporate America's way. So spare us Pfizer hypocrisy

 

US Outlook: American politicians feed hungrily at the Wall Street trough

 

 

 

 

 

 

 

Punish errant bankers – or we are doomed to repeat the past

 

Seven years on from the chaos of the financial crisis the senior managers of our banks seem to be off the hook. But as the charge sheet of wrongdoing grows ever longer a former regulator says it’s time to demand proper accountability.

 

 

 

 

 

 

A charity fundraising dinner that taught me about food waste

 

The entire meal was cooked by Brunswick House’s star chef, Jackson Boxer, from food that would otherwise have been thrown away

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Two banks warned in annual stress test

 

 

 

 

Royal Bank of Scotland and Standard Chartered were the weakest of Britain’s seven largest banks in a Bank of England economic stress test.

 

 

 

Related content

 

 

 

Full article Two banks warned in annual stress test

 

 

 

 

 

 

 

 

 

 

BT warned over internet provision

 

Ofcom warns there could be a "structural separation" between BT and its subsidiary, Openreach which provides internet access infrastructure.

 

 

 

Related content

 

 

 

Full article BT warned over internet provision

 

 

 

 

 

 

 

Live FTSE 100 boosted by banks; Dow trades higher

 

Strong bank shares boost the FTSE 100; Dow shrugs off weak factory data.

 

 

 

 

Full article FTSE 100 boosted by banks; Dow trades higher

 

Africa business tycoons 'highly corrupt'

 

  • 1 hour ago
  • From the section Africa

 

Full article Africa business tycoons 'highly corrupt'

Volkswagen US sales fall by 25%

 

 

Full article Volkswagen US sales fall by 25%

UK state pension 'not generous'

 

 

Full article UK state pension 'not generous'

 

 

 

Puerto Rico narrowly avoids default

 

 

Full article Puerto Rico narrowly avoids default

Manufacturing growth slows in November

 

 

Full article Manufacturing growth slows in November

Brazil's recession deepens in third quarter

 

 

Full article Brazil's recession deepens in third quarter

Canadian economy exits recession

 

 

Full article Canadian economy exits recession

Man City group sells 13% to Chinese

 

 

Full article Man City group sells 13% to Chinese

Chancellor sets date for next Budget

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Ireland slashes budget deficit forecast on bumper tax take

 

7:46pm GMT

 

Oil down nearly 1 percent on bets OPEC will not cut output

 

FXpert 7:07pm GMT

 

Jailed Libor trader Hayes denied fair trial, lawyer tells London appeals court

 

UK 6:56pm GMT

 

BoE's Carney says UK banks' job almost done on capital | btn_rel_video.gif

 

6:28pm GMT

 

IMF policymakers see need for more economic reforms in China | btn_rel_video.gif

 

FXpert, IMF 6:26pm GMT

 

Porsche, Piech families committed to Volkswagen and Wolfsburg

 

6:11pm GMT

 

Banks buoy FTSE after stress-test success

 

FXpert 5:40pm GMT

 

Moneysupermarket founder to sell 5.5 to 6.4 percent stake

 

5:30pm GMT

 

Exclusive - Russia may freeze Turkish Stream gas project: Gazprom sources

 

5:24pm GMT

 

Germany's RWE splits to better absorb cost of nuclear plant closures

 

Nuclear Power 5:13pm GMT

 

Ryanair to sue Google in Irish court over 'misleading adverts'

 

5:11pm GMT

 

Air France-KLM's low-cost carrier moves into Lufthansa's Munich hub

 

Aerospace & Defence 5:07pm GMT

 

Volvo Car Group sales hit record high in November

 

4:55pm GMT

 

Euro firms as ECB meeting looms; global stocks rise

 

FXpert, 4:51pm GMT

 

Voith attracts private equity interest for services unit - sources

 

4:22pm GMT

 

Global factory growth remained muted in November - PMI

 

FXpert, 4:07pm GMT

 

Cadbury owner looking to sell Terry's brand - Sky News

 

4:01pm GMT

 

Volkswagen Group to recall 323,700 diesel cars in India

 

4:00pm GMT

 

Chinese investors buy stake in Manchester City group | btn_rel_video.gif

 

Sport, 3:54pm GMT

 

Hugh Hendry's flagship hedge fund up 2.2 percent in November - source

 

3:51pm GMT

 

Billionaire Platt closes $8 billion hedge fund firm BlueCrest to outside investors

 

3:03pm GMT

 

OPEC set for tough meeting, further price fall feared - sources

 

FXpert, 2:43pm GMT

 

British house price growth to ease, but will still outstrip pay - Reuters poll

 

UK, 1:22pm GMT

 

China needs more users for 'freely usable' yuan after IMF nod | btn_rel_video.gif

 

FXpert, IMF 1:08pm GMT

 

Barclays CEO makes first day gain as shares jump on 'stress test' results

 

1:05pm GMT

 

Osborne sets March 16 date for 2016/17 budget

 

UK, 12:38pm GMT

 

Under-pressure Zurich Insurance chief Senn steps down

 

12:32pm GMT

 

Greek debt relief talks to focus on net present value, central banker says

 

12:30pm GMT

 

Greece to finish first reform review in December - economy minister

 

12:30pm GMT

 

Will try to avoid further pension cuts under bailout: Greek PM

 

12:30pm GMT

 

No sign of collapse in Germany's diesel market after VW scandal - VDA

 

12:15pm GMT

 

Glencore could sell its troubled South African Optimum coal mine

 

Africa 11:43am GMT

 

German jobless rate falls to lowest level on record

 

FXpert, 11:35am GMT

 

More big writedowns seen in mining sector - Blackrock

 

11:13am GMT

 

Factories still struggling as U.S. rate hike looms

 

FXpert 11:02am GMT

 

UK factory output growth slows more than expected in November - Markit

 

FXpert 9:35am GMT

 

Euro zone November factory growth at 19-month high, but still weak - PMI

 

FXpert 9:05am GMT

 

German factories shrug off emerging markets slowdown in November - PMI

 

FXpert 9:00am GMT

 

'Toxic trio' of emerging markets suddenly smelling of roses

 

8:39am GMT

 

Highlights - Bank of England's Carney speaks on UK bank capital rules

 

8:33am GMT

 

No new wave of bank capital regulation on the way - BoE's Carney

 

8:33am GMT

 

Irish manufacturing growth slows in November - PMI

 

6:11am GMT

 

LTCM co-founder launches online investing for world's wealthy

 

6:08am GMT

 

China factory activity hits three-year low in November - official PMI

 

FXpert 5:50am GMT

 

Brazil sues BHP, Vale for $5 billion in damages for mine disaster

 

4:16am GMT

 

Japan final November manufacturing PMI grows at fastest pace in 20 months

 

FXpert, Japan 1:53am GMT

 

China official manufacturing PMI slows in November, misses forecasts

 

1:14am GMT

 

Japan third-quarter capex points to upward revision to third-quarter GDP, may dodge recession

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

England 'cannot build the 300,000 homes a year it needs'

 

bricks_2896063d.jpg

Construction industry lacks the capacity to build enough houses, says former Bank of England policymaker

9 Comments RBS and Standard Chartered singled out as BoE unveils stress test results

 

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Bank of England warns lenders they may have to set aside an extra £10bn as a capital buffer

 

 

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UK manufacturing growth dips despite positive signals

 

PMI data records bigger-than-expected fall, but sector nonetheless saw 'positive start' to the fourth quarter

 

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Network Rail to set up £4.1m 'Rail Reparation Fund' after London Bridge chaos

 

The infrastructure group will spend an extra £4.1m to improve services instead of paying a £2m fine

1 Comment

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Express owner Desmond accuses Trinity Mirror of 'smoke and mirror' tactics over deal

 

 

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Ryanair launches legal action against Google and eDreams

 

The Irish airline believes the search giant and travel agent are 'deceiving' customers

Comment

 

commodities_1874792g.jpg

Hedge fund BlueCrest gets rid of all its customers

 

The fund manager will hand back $8bn to outside clients because it only wants to manage money for partners and staff

 

Star Wars and James Bond boost Pinewood profits

 

star-wars_3514559d.jpg

Blockbuster boost to British film studio's bottom line

 

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Zurich Insurance chief executive Martin Senn steps down

 

The surprise exit comes two months after abandoning takeover of rival RSA

 

Topps Tiles posts record sales as it clinches a third of the UK market

 

designtiles_2849713d.jpg

Half of all business now comes from tradesmen

Mario Draghi moves centre stage in Europe's epic lurch to federalism

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

VW Argued for Easing New E.U. Tests on Emissions

 

By DANNY HAKIM and CLAIRE BARTHELEMY 12:00 PM ET

 

 

New tests, meant to more closely reflect real-world driving conditions, are to take effect in 2017. But they face opposition in the European Parliament.

 

 

 

 

01vwregulate-web-sfSpan.jpg

Sean Gallup/Getty Images

 

A Portable Emissions Measurement System, which looks at emissions in real driving conditions. testing a car.

 

 

 

 

 

 

 

 

 

 

 

 

 

02db-rico-web1-thumbStandard.jpg

Puerto Rico Meets Debt Deadline but Warns of Tight Finances

 

By MARY WILLIAMS WALSH 12:42 PM ET

 

The announcement of the repayments came as officials testified before a Senate committee, which is considering whether to give the island bankruptcy protection.

 

Top Prescription Plan to Offer $1 Alternative to $750 Pill

 

By ANDREW POLLACK

 

Express Scripts is expected to promote a compounded medicine with the same active ingredient as the much more expensive Turing Pharmaceuticals drug Daraprim.

 

 

 

db-boestress-web1-thumbStandard.jpg

Bank of England Singles Out R.B.S. and Standard Chartered in Tests

 

By CHAD BRAY

 

The central bank said the two lenders would not be required to raise capital despite failing to meet certain thresholds.

 

01fuel-web1-thumbStandard.jpg

E.P.A. Rule Requires a Big Jump in Biofuel Use

 

By DIANE CARDWELL

 

The agency increased the total volume of renewable fuel required by the end of 2016 to 18.11 billion gallons, an 11 percent increase from 2014.

 

02airbnb-web-thumbStandard.jpg

Airbnb Releases Trove of New York City Home-Sharing Data

 

By MIKE ISAAC 1:01 PM ET

 

The company’s data includes statistics like host earnings, the frequency of rentals and the types of listings.

 

01DB-BANK-thumbStandard.jpg

New York Proposes New Banking Rules to Stanch Flow of Illicit Financing

 

By BEN PROTESS

 

Gov. Andrew Cuomo intends to impose new regulations on New York State banks that are meant to make it harder for militant groups to use the financial system.

 

01svbook-web2-thumbStandard.jpg

An Anonymous Satire of Silicon Valley Now Has a Publisher

 

By ALEXANDRA ALTER

 

Farrar, Straus & Giroux is to publish “Iterating Grace,” a book first distributed by its two authors to people connected with the technology industry.

 

imf-announcement-thumbStandard.jpg

China’s Renminbi Is Approved by I.M.F. as a Main World Currency

 

By KEITH BRADSHER

 

The International Monetary Fund’s move paves the way for the currency’s wider use in trade and finance, but may add volatility to the economy.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Link to post
Share on other sites

Black Friday breaks FBI record for number of gun background checks

 

The FBI conducted two background checks per second on Black Friday

 

 

 

Claims manager fined record £850,000 for nuisance calls

 

 

 

 

 

What Mark Zuckerberg has left after giving away 99% of Facebook shares

 

 

 

 

 

 

 

Mark Zuckerberg is not giving 99% of Facebook shares to a charity

 

The Chan Zuckerberg Initiative is a limited liability company - not a charity or charitable trust

 

 

 

 

 

You won't find the cheapest energy deal through a switching site

 

 

 

 

 

UK workers expect to work past 65 because they can't afford to retire

 

 

 

 

 

 

The one word that will make you rich

 

One writer describes how his life was changed by this one word

 

 

 

 

 

 

Plastic cards fees cap will hit cashback and reward schemes

 

The amount plastic card companies can charge retailers will be capped from 9 December

 

 

 

 

 

 

 

 

Zuckerberg has joined the list of the world's $1bn donors

 

The elite list of the biggest philanthropist now include Microsoft co-founder Bill Gates, stock market sage Warren Buffet and Oracle co-founder Larry Ellison

 

 

 

 

 

 

The 10 biggest business stories on Wednesday December 2

 

Mark Zuckerberg to donate 99% of Facebook stock to charity; Volkswagen sees 25% US sales drop compared with 2014 after scandal; Banknote printer De La Rue to cut production

 

 

 

 

 

 

 

 

British banks brace for another £40bn bill for wrongdoing

 

Bank of England stress tests plan for a doubling of penalties among seven top banks

 

 

 

 

 

 

Bank of England voices its concern about buy-to-let market

 

Lenders’ underwriting standards are under review by the Bank's regulators

 

 

 

 

 

The status quo is not an option for BT Openreach, says Ofcom

 

 

 

 

 

Could the vacancy at Zurich create the supreme irony?

 

 

 

 

 

 

Bob the Builder – can we fix it? No we can’t

 

Outlook

 

 

 

 

 

 

 

 

So RBS got through a theory test. It wouldn’t have passed a practical

 

Outlook

 

 

 

 

 

 

Market Report: Drax shareholders boosted by power station plan

 

Weary shareholders of energy firm Drax were boosted when planned subsidies to turn another coal-fired power station into one powered by biomass fuel were approved by the European Commission.

 

 

 

 

 

 

 

Revolving doors spin again at Zurich as chief decides to walk out

 

Martin Senn said his time at the group had been ‘very intense’

 

 

 

 

 

Maker of world’s dearest perfume is in the red

 

 

 

 

 

Zuckerberg welcomes daughter Max in pledge to donate 99% of shares

 

 

 

 

 

 

Open-plan is king and 'frictionless working' is the aim at Facebook HQ

 

It's modern, enormous, and privacy's not included

 

 

 

 

 

 

 

State pension shock: only workers in Mexico and Chile get worse

 

UK state pensions are among the least generous, according to an international think tank

 

 

 

 

 

The balance of power is tipping inevitably towards China

 

 

 

 

 

The Islington flats where a one-bed costs £715,000: in pictures

 

 

 

 

 

 

Saudi Arabia is planning the world's tallest skyscraper

 

The Jeddah Tower is currently 26 floors tall, but when completed will stretch 3,280 feet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10 leadership lessons from Game of Thrones

 

Careers experts are using the show for careers advice

 

 

 

 

 

Is this the most heartbreaking Christmas advert of all time?

 

 

 

 

 

Bank of England warns on buy-to-let housing market

 

 

 

 

 

 

London luxury property is now double the price of New York

 

There has been a 7 per cent rise in London based high-net worth investors seeking to buy prime residential property in New York.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

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