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    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
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The great intrest rate rip off part 6


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Breaking news

 

 

 

 

 

 

 

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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Osborne.jpg

Recession deeper than feared as GDP shrinks

 

 

Britain's double-dip recession is deeper than previously thought after revised estimates showed a sharper decline in the economy.

 

 

Time for a quick recap of what GDP for those a bit slow at the back:

 

 

http://en.wikipedia.org/wiki/Gross_domestic_product

GDP = private consumption + gross investment + government spending + (exportsimports), or

e3cb2605a39e6608ee35c95e285b30a7.png

 

 

Now if you think about what GDP part of it is govt spending. If you cut govt spending because you think expenditure is exceeding income by too much it doesn't take a genius to work out GDP is contract. It's not rocket science.

 

Now if you realise private consumption was funded by excessive borrowing as well...

 

I'll leave you to figure it out.

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

Recession deeper than feared after contraction of 0.3%

 

24 May 2012 04:58 PM

Britain's double-dip recession is deeper than previously thought, after revised estimates showed a sharper decline in the economy in the first three months of 2012.

 

 

Bank of England hints at more monetary stimulus

 

24 May 2012 12:00 AM

MPC minutes suggest more easing possible as retail sales show biggest slowdown in two years

 

 

Call to end free bank accounts

 

24 May 2012 04:30 PM

Banks must be told to stop offering free current accounts if Britain wants to stamp out mis-selling scandals, a senior regulator said today.

 

 

 

Mothercare reveals £103m loss

 

24 May 2012 08:37 AM

The uphill challenge faced by the new boss of Mothercare was underlined today as a dismal UK performance dragged the parenting retailer to a £103 million loss.

 

 

 

Car price inflation up to 8.5%

 

24 May 2012 08:31 AM

The price of some top-selling cars has risen well above the inflation rate over the last four years, according to Which? magazine.

 

 

 

pg-1-eurozone-ap.jpg

Eurozone set to abandon Greece – and austerity

 

24 May 2012 12:00 AM

Hollande and Merkel clash as Europe's leaders seek growth plan

 

 

 

Co-operative Group to create 3,000 legal jobs

 

24 May 2012 08:35 AM

The Co-operative Group is to create 3,000 new jobs in the legal sector through a continued expansion in the range of services it offers.

 

 

 

pg-10-bae-pa.jpg

Jobs saved as BAE lands £1.6bn deal with Saudis

 

24 May 2012 12:00 AM

The defence firm BAE Systems has won a £1.6bn contract to supply Hawk aircraft to Saudi Arabia.

 

 

 

Ford regains its credit rating and famous logo

 

24 May 2012 12:00 AM

Ford has reclaimed control over its famous blue oval, six years after it mortgaged the logo and a host of other assets in a desperate attempt to avert bankruptcy.

 

 

 

Facebook accused of misleading investors

 

24 May 2012 08:00 AM

Mark Zuckerberg and the other directors of Facebook have been slapped with a lawsuit claiming they defrauded investors in the company's $104bn (£66.29bn) stock market float last week.

 

 

 

Nationwide boosts loans for homes and to SMEs

 

24 May 2012 12:00 AM

Nationwide Building Society showed the banking industry a clean pair of heels yesterday, reporting that it is sharply increasing its mortgage lending and offering hope to small businesses that are starved of credit for the first time.

 

 

 

Hewlett-Packard cuts 27,000 jobs

 

24 May 2012 08:05 AM

Hewlett Packard has warned of cuts in its UK operation in a global purge that will see it axe 27,000 workers.

 

 

 

Paragon's buy-to-let loan book grows for first time since 2008

 

24 May 2012 12:00 AM

Figures yesterday from Paragon show there is still an active market in buy-to-let properties.

 

 

 

Serco to sell nuclear unit

 

24 May 2012 12:00 AM

Serco, the outsourcer than operates the Boris Bike cycle hire schemein London, is talking to theengineer Amec about selling offits nuclear consultation business.

 

 

 

James Bond is back to help loss-making Pinewood Shepperton

 

24 May 2012 12:00 AM

Pinewood Shepperton tumbled to a loss after a year that saw the film studios taken over, but it still has James Bond for company.

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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24 May 2012 Last updated at 19:11

 

 

Economy shrank more than thought_60458804_builders2_getty.jpg

 

The UK economy shrank by 0.3% in the first three months of the year, more than previously estimated, revised figures show.

 

 

_60453863_germanfactory2.jpgEurozone downturn 'accelerating'

 

Activity at European businesses hits a near three-year low in May, according to the survey of purchasing managers by Markit.

 

 

 

_60476599_014813453-1.jpgHunt memo reveals BSkyB support

 

Culture Secretary Jeremy Hunt sent a note to David Cameron suggesting his support for News Corp's bid for BSkyB before he was put in charge of deciding the deal, the Leveson Inquiry hears.

 

 

 

Other Top Stories

 

 

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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Summer Gas Prices Expected to Be Modestly Lower

 

By CLIFFORD KRAUSS 1:26 PM ET

 

 

The cost of a gallon of gasoline is dropping, especially on the East Coast, because of growing oil supplies and a decline in global crude oil prices.

 

 

 

 

25gas-span-sfSpan.jpg

Joe Raedle/Getty Images

 

Nationwide, the price of a gallon of regular gasoline has been drifting lower by about half a cent a day over the last month. Above, a customer at a Valero gas station in Miami.

 

 

 

 

 

 

European Economic Outlook Dims Amid Impasse

 

By DAVID JOLLY 12:06 PM ET

 

The long process of finding a solution to the euro zone debt crisis appeared to be sapping strength even from Germany, where manufacturing was down and confidence slipped.

 

 

British Recession Deeper Than Originally Thought, Data Show

 

By JULIA WERDIGIER

 

Gross domestic product shrank 0.3 percent in the first quarter, compared with 0.2 percent estimated earlier. The data put pressure on the government to consider growth measures.

 

Fewer Americans File for Jobless Benefits

 

By THE ASSOCIATED PRESS 10:51 AM ET

 

The government said weekly unemployment benefit applications dipped by 2,000 to a seasonally adjusted 370,000, perhaps signaling modest job growth.

 

 

Media Decoder Blog

 

Times-Picayune Confirms Staff Cuts and 3-Day-a-Week Print Schedule

 

By DAVID CARR 30 minutes ago

 

A memorandum from The Times-Picayune confirms that it will cut back its daily print publishing schedule to three days a week and lay off an unknown number of staff members.

 

 

25hacking-thumbStandard.jpg

British Inquiry Questions Murdoch Lobbyist

 

By ALAN COWELL and JOHN F. BURNS 11:16 AM ET

 

Testimony before an inquiry into the British press could throw new light on the ties between the government and Rupert Murdoch’s media empire.

 

The Energy Rush

 

24arctic-cnd-thumbStandard.jpg

New and Frozen Frontier Awaits Offshore Oil Drilling

 

By JOHN M. BRODER and CLIFFORD KRAUSS

 

Despite opposition, Shell, with President Obama’s support, will start test wells in Alaska’s North, in a moment of major promise and considerable danger.

 

 

 

 

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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[/url]

 

Mario Draghi: a 'courageous leap' is needed to save the eurozone

 

draghi_2229110g.jpg

ECB head Mario Draghi rejects criticism of the central bank's cheap three-year lending plan and calls for governments to take a 'courageous leap' of political imagination to save the eurozone.

459 Comments

Treasury admits poor GDP figures 'were expected'

 

 

Economy '14pc smaller' than it would be

 

 

UK shrinks more than expected

 

 

UK falls deeper into recession: analyst reaction

 

 

'Truly dismal' economic data fuel eurozone recession fears

 

 

 

 

Britain propped up by 'unsustainable' spending

 

ABH14G_2168834g.jpg

Economists have warned of a fresh threat to the recovery after official figures showed that the country is being propped up by “unsustainable” Government spending.

79 Comments

 

Thomas Cook appoints new chief executive

 

Harriet-Green_2229021g.jpg

The task of turning around the world’s oldest holiday company has been given to the boss of an electronic components group who has no experience of the travel industry.

9 Comments

 

Regulators hint pressure on banks could ease

 

BOE_2227546g.jpg

Regulators may have forced banks to bullet-proof their balance sheets too quickly and “inadvertently” stifled the amount of lending available to businesses and households, a senior financial supervisor has admitted.

6 Comments

Free banking should end, Bank official says

 

 

 

BT boss gives up pay increase to 'send signal'

 

bt_1675743g.jpg

BT’s chief executive Ian Livingston will forgo a salary rise this year “to send a signal” to shareholders angered by bosses’ pay – but is on track for a massive increase in his potential total remuneration if the company does well.

Comment

 

Mothercare to slash prices to win back shoppers

 

mothercare_2228636g.jpg

The new boss of Mothercare has promised to slash the price of clothes and baby equipment to compete with supermarkets.

Comment

 

Qinetiq: US election could lead to delays

 

 

 

 

SFO needs proper funding, warns Tchenguiz judge

 

 

 

 

Dairy Crest slumps to first loss in 20 years as milk sours

 

 

 

 

Slowdown in Caribbean tourists hits C&WC revenues

 

Momentum gathers to end free banking

 

atm-repair_1531245g.jpg

An end to the era of free banking moved closer last night after the Treasury Select Committee threw its support behind plans for banks to introduce current account charges

Comment

Debt crisis: live

 

 

 

 

Mario Draghi urges eurozone leaders to take "courageous leap" to economic integration if euro is to survive

 

 

 

 

Eurozone PMI signals three-year low for region's private sector

 

China warms to investment in the US

 

Hewlett-Packard can't say it wasn't warned about Autonomy

 

Does anyone honestly think another VAT cut would cure 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

Bargain hunters let Britain's FTSE recoup losses

 

LONDON - Britain's benchmark share index recovered on Thursday from stinging losses during the previous session as bargain hunters snapped up beaten-down financial and commodities stocks, although traders said any rally could prove short-lived.

 

Spain may forge one bank from failed lenders-source

 

MADRID - Spain may create one nationalised bank out of its failed lenders including problem lender Bankia if the state cannot find buyers for state-rescued banks, a senior Economy Ministry source said.

7:02pm BST

 

Bulgaria, Turkey, Qatar agree to build highway

 

SOFIA - Bulgaria, Turkey and Qatar have agreed to form a common project company to build a highway on the Bulgarian territory, the construction ministry said after a trilateral meeting on Thursday.

8:16pm BST

 

Euro zone citizens want to keep common currency -poll

 

LONDON - Voters from Germany to Greece would vote to keep the euro if their countries held a referendum tomorrow, according to a poll centred on the key national players in the euro zone debt crisis.

4:13pm BST

 

Microsoft wins ruling against Motorola over texting

 

FRANKFURT - A German regional court ruled in a hearing on Thursday that Motorola Mobility infringed Microsoft patents by offering the option on its mobile phones to send a longer text in a batch of several messages.

UK recession deepens as euro zone woes mount

 

10:26am BST

LONDON - Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank will opt to inject more stimulus to protect the economy from the euro zone debt crisis.

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

Nothing Durable About This

From the Census Bureau this morning comes the latest M3 report....

New orders for manufactured durable goods in April increased $0.3 billion or 0.2 percent to $215.5 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a 3.7 percent March decrease. Excluding transportation, new orders decreased 0.6 percent. Excluding defense, new orders increased 1.2 percent.

Now that is a yawner. Especially considering the ex-transports. Let's have a look inside...

 

More at the link.

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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How To Neuter The Machines

From the forum:

In Sweden, we've had an Order-to-Executed Order limit in place since last year. Basically for every 250 orders, at least 1 must be executed on, otherwise a fee of 0,09 SEK (around 0,015 USD) is applied per order above the 1 to 250 ratio.

Norway has now (Thursday morning) placed a 1 to 70 limit in place, with a fee of 0,05 NOK per order above the limit of 1 to 70.

If our regulators want individual investors to come back into the market they need to implement this but with a 1 in 10 limit.

 

For me all orders should be cash up front.

 

Let the market decide the price not fantasy.

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

Breaking news

 

 

 

 

 

 

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

25 May 2012 Last updated at 20:17

 

 

Spain's Bankia needs 19bn euros_60502656_014713784-1.jpg New

 

Spain's fourth-largest bank Bankia asks the government for a bailout worth 19bns euros ($24bn; £15bn), after its shares were suspended.

 

 

_60489597_60489592.jpgFootball creditors rule to stay

 

The High Court has rejected an attempt by HMRC to get the so-called "football creditors rule" abolished in England.

 

 

 

_60466279_014753569-1.jpgSome holiday money rates 'unfair'

 

The same currency exchange providers can offer significantly different rates across the UK, a consumer group says.

 

 

Eurozone in crisis

 

 

 

 

 

 

Other top stories

 

 

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

Bankia, Catalonia pile on Spanish debt worries

 

8:18pm BST

MADRID - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone allies.

French banks plan for Greek euro zone exit - sources

 

4:12pm BST

PARIS - French banks, which are among the lenders most exposed to Greece, have stepped up their efforts on contingency plans for the debt-laden country leaving the euro zone, sources familiar with the situation said.

 

 

 

French banks plan for Greek euro zone exit - sources

 

PARIS - French banks, which are among the lenders most exposed to Greece, have stepped up their efforts on contingency plans for the debt-laden country leaving the euro zone, sources familiar with the situation said.

4:12pm BST

 

Clegg warns of Greek euro zone exit "chain reaction"

 

LONDON - A Greek exit from the euro zone would set off a "chain reaction of uncertainty" that would be strongly felt in Britain's banking sector, Deputy Prime Minister Nick Clegg said.

UK, David Cameron, Nick Clegg 1:52pm BST

 

HP tries to stem Autonomy exodus after founder goes

 

LONDON - Hewlett Packard Co has told staff at Autonomy they have a bright future even after founder Mike Lynch was shown the door on Wednesday, joining a long line of top managers to leave the Cambridge-based software maker since HP bought it last year.

7:11pm BST

 

UK inflation expectations fall in May - Citi/YouGov

 

LONDON - Britons' expectations for the level of inflation over the coming year fell this month to 2.8 percent after edging up to 3.0 percent in April, a monthly survey by polling company YouGov for U.S. bank Citi showed on Friday.

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

Spanish Lender Seeks 19 Billion Euros; Ratings Cut on 5 Banks

 

By RAPHAEL MINDER 6 minutes ago

 

 

Standard & Poor’s cut its rating for five Spanish banks, just as one of them — Bankia — requested an additional 19 billion euros in state rescue funds.

 

 

 

 

25bankia2-sfSpan.jpg

Andrea Comas/Reuters

 

Protesters in Spain have rallied against Bankia, the country's largest real estate lender, and some have written graffiti on its signs.

 

 

 

 

 

Companies Get Blunt Counsel on Greek Upheaval

 

By STEPHEN CASTLE

 

Lawyers’ advice to corporate clients is frank: Remove cash and other liquid assets from Greece and prepare to take a short-term hit on any other investments.

 

 

 

Other Business News

 

26air-thumbStandard.jpg

For Start-Up Airlines, Opportunity and Obstacles

 

By JAD MOUAWAD

 

With the big carriers cutting routes and raising fares, this would seem an ideal time for a new airline to take them on. But it’s not an easy task.

 

Stocks Slip Ahead of Holiday

 

By THE ASSOCIATED PRESS 56 minutes ago

 

Stocks on Wall Street dipped slightly before the long holiday weekend on concerns over the lack of a concrete plan to keep Greece in the European currency union.

 

25hacking-thumbStandard.jpg

Cameron Defends Handling of Murdoch Bid

 

By ALAN COWELL and JOHN F. BURNS

 

Prime Minister David Cameron on Friday said that Culture Minister Jeremy Hunt acted properly in his handling of a bid by News Corporation to take over British Sky Broadcasting.

 

 

JP-PICAYUNE-3-thumbStandard.jpg

New Orleans Newspaper Scales Back in Sign of Print Upheaval

 

By DAVID CARR and CHRISTINE HAUGHNEY

 

Circulation and staff reductions at The Times-Picayune of New Orleans and three Alabama newspapers are the latest instances of reorganization in a rapidly changing industry.

 

 

Europe Escalates Dispute With Argentina

 

By PAUL GEITNER 10:07 AM ET

 

The European Union said Friday it would challenge what it called Argentina's "protectionist" import restrictions at the World Trade Organization.

 

DealBook

 

Dimon Agrees to Testify, Without Committing to Specific Date

 

By BEN PROTESS

 

While Jamie Dimon, the chief executive of JPMorgan Chase, has agreed to testify before a Congressional committee in June to discuss the bank's recent multimillion dollar trading loss, he hasn't committed to a date.

 

DealBook

 

Talbots Buyout Talks End

 

By DEALBOOK 36 minutes ago

 

Shares of Talbots tumble on Friday after the women's clothing retailer says the private equity firm Sycamore Partners walked away from talks over a proposed $215 million buyout of the women's clothing retailer.

 

MINING-thumbStandard.jpg

A Mining Rush in the Upper Peninsula

 

By EMILY LAMBERT

 

With copper trading at high prices, a remote area of Michigan is rediscovering its mining roots, raising hopes that the region will recover from a long slump.

 

 

 

 

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

S&P cuts Spanish bank ratings as Bankia asks for €19bn in aid

 

bankia_2229830g.jpg

S&P cuts the credit rating of five Spanish banks, including three to "junk," as struggling lender Bankia requests €19bn in state aid and Catalonia calls for assistance from central government to pay its bills.

682 Comments

Catalonia calls for help from central government to pay debts

 

 

UK economy could shrink by 2pc if Greece exits euro

 

 

Bankia 'to ask Spain for more than €15bn'

 

 

Mario Draghi urges eurozone leaders to take 'courageous leap'

 

 

Eurozone PMI signals three-year low for region's private sector

 

 

Greece faces German future as euro exit looms

 

e_2109000g.jpg

Germany has reportedly drawn up a six-point plan to rescue Greece and the eurozone’s other failed economies in the same way East Germany was rebuilt after the fall of the Berlin Wall.

10 Comments

 

Lotus chief executive Dany Bahar suspended

 

dany-bahar_2230660g.jpg

The chief executive of sports car maker Lotus has been suspended while an investigation is carried out into his conduct.

 

Former Lloyds exec charged over £2.5m fraud

 

lloyds_2085737g.jpg

Director at state-backed Lloyds Banking Group whose job it was to prevent online fraud charged on suspicion of a £2.46m [problem].

 

Dixons gets £300m debt package from banks

 

Currys-Megastore_2230488g.jpg

Electrical retailer has agreed a £300m refinancing package with its lenders, giving the company a last minute life line and boosting confidence that banks are willing to support the high street.

19 Comments

 

Apple chief passes up $75m 'to set example'

 

cook_2229833g.jpg

Apple chief executive Tim Cook is voluntarily forfeiting $75m in dividend payments on shares he is due to receive over the next decade “to set an example” over pay.

5 Comments

 

Codelco head’s departure 'not linked’ to Anglo row

 

 

 

 

Government takes Sir Clive Thompson to court

 

 

 

 

Government inflation savings would hit elderly

 

 

 

 

Chinese banks set to miss lending targets

 

Abolition of the nation state is Europe's crisis

 

 

 

Catalonia calls for help from central government to pay debts

 

If Britain had joined the euro

 

Europe's slump deepens as Kabuki summit falls short

 

Tax avoidance for all and how to halve the price of beer

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

Advice To Europeans: Get Your Money Now

Let's get right down to it.

The European governments are not going to do the right thing, as I noted they must in my earlier post. They're going to continue to play games with your life and futures, promising things they know they cannot deliver.

In the meantime they are meeting right now -- I'm sure of it -- to design a new currency system in which you will take it in the ass.

There is only one defense you can enact as an individual to this - get your money out of there and do it now, moving it somewhere safer.

 

Tick tock..

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

We Are STILL Dancing Around The Issue (Greece)

 

So once again the Euro dives this morning on more chatter about Greece "leaving" the Euro.

Once again we talk about "meeting commitments."

This discussion is both pointless and a lie, and until we start talking about the truth we cannot possibly achieve it, and therefore we also cannot possibly resolve the problems we have -- here or in Europe.

That truth is simple: We cannot spend more than we take in via current taxes through government.

That's it folks.

 

More at the link.

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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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

Breaking news

 

 

 

 

 

 

 

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

Facebook banks under fire after helping bet against float

 

26 May 2012 12:00 AM

Anger at Goldman Sachs and JP Morgan loaning shares to hedge funds wanting to short the stock

 

 

Spain races to bail out bank as debt fears stalk Europe

 

26 May 2012 12:00 AM

Euro plunges as Bankia shares are suspended

 

 

 

Dixons agrees more favourable deal with lenders

 

26 May 2012 12:00 AM

Dixons Retail, owner of the Currys and PC World chains, has agreed a new £300m working capital facility withits syndicate of banks.

 

 

 

Ex-chairman of Jessops takes on new challenge at HMV

 

26 May 2012 12:00 AM

David Adams, former chairman of the embattled camera retailer Jessops, has again demonstrated his penchant for a challenge by joining the board of the troubled entertainment group HMV. He will join HMV, which made a loss of £16m for the year to 28 April, in June and chair its audit committee, replacing Christopher Rogers who is retiring from the board after six years. Shares in HMV were flat at 3.6p.

 

 

 

Helical's £1.5bn housing scheme

 

26 May 2012 12:00 AM

The developer Helical Bar was back in the black yesterday and is set to fire the starting gun on a £1.5bn housing scheme at White City in west London. The company is ready to submit a planning application for 1,200 flats on the site of a former Dairy Crest plant next to the local Underground station, which will also include offices and retail.

 

 

 

BP scales back plans to break Russian hold on gas supplies

 

26 May 2012 12:00 AM

The prospect of breaking Russia's stranglehold on gas supplies to the West receded yesterday as the new Nabucco pipeline was thrown into doubt.

 

 

 

Investor anger at HSBC chief's pay deal

 

26 May 2012 12:00 AM

More than 10 per cent of shareholder votes went against HSBC's pay report at its annual meeting yesterday, after the banking giant's boss took home £7.5m in pay and bonuses last year.

 

 

 

Cape profits take £14m hit on disastrous project in Algeria

 

26 May 2012 12:00 AM

Shares in the industrial services group Cape crashed 37 per cent yesterday after it said that a massive energy project it is working on in Algeria will make a loss.

 

 

 

Lotus chief executive Dany Bahar suspended

 

26 May 2012 12:00 AM

Dany Bahar, the multi-millionaire head of struggling Lotus Cars, has been suspended from his role as chief executive officer of the Norwich-based automotive group over his alleged "conduct".

 

 

 

Former security chief at Lloyds Banking Group faces fraud charges

 

26 May 2012 12:00 AM

A former fraud and security chief at Lloyds Banking Group is to be prosecuted over an alleged £2.5m fraud, in an embarrassing development for the part-nationalised bank.

 

 

 

IA26-17-Portas.jpg

The Portas Plan: £1m to get UK high streets back in black

 

26 May 2012 12:00 AM

Riot-torn Croydon among 12 pilot projects to revitalise ailing town centres

 

 

 

Trinity chairman Gibson makes an early exit

 

26 May 2012 12:00 AM

The exit of Sly Bailey as chief executive of Trinity Mirror looked yesterday as though it could happen sooner than expected, after the troubled newspaper group abruptly replaced its chairman.

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

Spain's Bankia eyes stake sales after record bailout

 

5:14pm BST

MADRID - Spain's fourth biggest lender, Bankia, on Saturday prepared to sell stakes it holds in companies to meet European competition rules after a state rescue that has so far cost 23.5 billion euros (18.77 billion pounds).

 

 

India wants detailed study on airwaves auction price

 

NEW DELHI - India's Telecom Commission will ask the sector regulator to analyse the potential impact of a proposed airwaves auction base price that is seen as too high and has drawn protests from carriers.

5:32pm BST

 

SNB missed opportunity to shift franc cap - Swatch

 

ZURICH - The chief executive of Swatch Group , the world's largest watchmaker, said Swiss business needed the franc to weaken closer to 1.30-1.35 per euro but said the central bank had missed an opportunity to shift its cap on the currency.

3:28pm BST

 

ThyssenKrupp CEO sees Steel Americas loss next year

 

FRANKFURT - ThyssenKrupp's Steel Americas business, which the company may put up for sale, will continue posting operating losses until at least next year, Chief Executive Heinrich Hiesinger told a German newspaper.

2:39pm BST

 

Direct yuan-yen trading could start in June - media

 

TOKYO - Japan and China plan to start direct trading of the yen and yuan as early as June, aiming to make trade and financial transactions between the countries easier, Japanese media reported on Saturday.

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

26 May 2012 Last updated at 06:02

 

 

Spain's Bankia seeks 19bn euros_60502656_014713784-1.jpg

 

Spain's fourth-largest bank, Bankia, asks for a bailout worth 19bns euros ($24bn; £15bn), and admits that it made a massive loss last year.

 

 

_60503885_60503877.jpgApple's boss rejects $75m payout

 

Apple's boss, Tim Cook, turns down a payout worth about $75m (£48m) that he was due from the technology giant's upcoming dividend.

 

 

 

High Streets to share £1.2m pot

 

Twelve English High Streets - from Cornwall to Northumberland - will share a £1.2m pot of government cash to rejuvenate shopping areas. 318

 

 

Eurozone in crisis

 

 

 

 

 

 

Other top stories

 

 

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

Bank Regulators Under Scrutiny in JPMorgan Loss

 

By JESSICA SILVER-GREENBERG and BEN PROTESS

 

 

Fallout from JPMorgan Chase’s bad bets is revealing lapses in the policing of the office that disclosed a multibillion trading loss.

 

 

 

 

26regulate-span-sfSpan.jpg

Andrew Gombert/European Pressphoto Agency

 

Jamie Dimon, chief executive of JPMorgan Chase.

 

 

 

 

 

 

The Hunch, the Pounce and the Kill

 

By AZAM AHMED 1:45 PM ET

 

JPMorgan Chase lost big because of outsize trades, but not before Boaz Weinstein, a hedge fund manager, seized a rich opportunity, winning in a high-risk game of nerves.

 

 

Debt Crisis in Europe

 

As Bank Loans Dry Up in Spain, Small and Medium Businesses Fight for Life

 

By SUZANNE DALEY 35 minutes ago

 

The loss of credit is contributing to Spain’s troubles by raising unemployment and cutting tax revenues, making it harder to bring its budget deficit down to manageable levels.

 

 

Bankia1-thumbStandard.jpg

Giant Lender in Spain Asks for Billions to Fend Off Collapse

 

By RAPHAEL MINDER

 

Spain is trying to avert a failure of Bankia, its biggest mortgage lender, which could threaten the Spanish banking industry and reverberate through Europe and beyond.

 

 

 

 

 

Other Business News

 

27DIVORCE-thumbStandard.jpg

Quick Getaways, at the Divorce Hotel

 

By JANET MORRISSEY 43 minutes ago

 

Jim Halfens, the Dutch entrepreneur behind Divorce Hotel, a weekend program for couples seeking a speedy end to their marriages, wants to introduce the concept to the United States.

 

Presidential Panel Urges More Flexible Use of Spectrum

 

By JOHN MARKOFF

 

A shift in computer technologies would relieve radio spectrum congestion caused by the popularity of smartphones, the authors of a report said.

 

26air-thumbStandard.jpg

The Challenge of Starting an Airline

 

By JAD MOUAWAD

 

With the big carriers cutting routes and raising fares, this would seem like an ideal time for a new airline to take them on. But it’s not an easy task.

 

DealBook

 

Dimon Agrees to Testify, Without Committing to Specific Date

 

By BEN PROTESS

 

While Jamie Dimon, the chief executive of JPMorgan Chase, has agreed to testify before a Congressional committee in June to discuss the bank's recent multimillion-dollar trading loss, he hasn't committed to a date.

 

 

 

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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