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The great intrest rate rip off part 6


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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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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

Shock US jobs update hits shares as Europe sinks again

 

05 May 2012 12:00 AM

Poor figures hint at slowdown in America's recovery as elections loom in France and Greece

 

 

 

Trinity Mirror boss Sly Bailey leaves with a £1m farewell

 

05 May 2012 12:00 AM

Sly Bailey has struck a £1m "compromise agreement" to smooth her exit from Trinity Mirror, publisher of the Daily Mirror and The People.

 

 

 

RBS settles £5.7bn debt, but we're still £20bn under water

 

05 May 2012 12:00 AM

Stephen Hester, chief executive of Royal Bank of Scotland, yesterday claimed that the beleaguered taxpayer-backed bank is "on track" for a recovery despite a £1.4bnfirst-quarter loss.

 

 

 

HMV chief denies exit talk after profit alert

 

05 May 2012 12:00 AM

Simon Fox, the chief executive of HMV Group, yesterday fended off City speculation that he is poised to quit the embattled entertainment retailer, as it unveiled another profit warning.

 

 

 

SSE fined £1.25m for abuses

 

05 May 2012 12:00 AM

Scottish & Southern Energy has been handed down a massive £1.25mfine for mis-selling home energy contracts on people's doorsteps.

 

 

 

Prices hit three-year low

 

05 May 2012 12:00 AM

House prices are at their lowest in nearly three years, but Britons are more optimistic of a market bounceback, lender Halifax said yesterday.

 

 

 

Rentokil finally catches the City Link rat

 

05 May 2012 12:00 AM

Alan Brown, the chief executive of Rentokil, yesterday claimed the long wait for a turnaround in the disappointing performance of its parcels business City Link is over.

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

Yahoo in talks to sell 15 percent - 25 percent of Alibaba - source

 

SAN FRANCISCO - Yahoo Inc could be weeks away from selling 15 percent to 25 percent of Alibaba Group's stock back to China's largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties' previous negotiations, a person familiar with the matter said.

 

Michael Page CEO not interested in M&A - paper

 

ZURICH - The chief executive of staffing firm Michael Page does not expect to undertake any acquisitions and said any offers for his company would have to be markedly above 2 billion pounds, a Swiss newspaper reported on Saturday.

8:51am BST

 

Former press baron Conrad Black home from U.S. prison

 

TORONTO - Former press baron Conrad Black was released from a Florida prison on Friday and flown to his home in Canada, which has granted him a temporary resident permit despite his criminal record.

UK 04 May 2012

 

SIM card scandal claims head of Brazil phone group TIM

 

ROME - Luca Luciani, head of Brazil's second biggest wireless phone group TIM Participacoes , who has been embroiled in an investigation into irregular SIM cards, has resigned, the group's parent company Telecom Italia said on Saturday.

1:23pm BST

 

Buffett's lieutenants see economy picking up

 

OMAHA - All signs point to slow but steady economic growth as consumers gradually increase their spending, senior executives of Warren Buffett's conglomerate Berkshire Hathaway said 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

5 May 2012 Last updated at 00:03

 

 

RBS confirms state loan repayment_59308919_rbslogo.jpg

 

RBS confirms it is to repay £163bn of emergency loans, reports a three month loss of £1.4bn and sets aside another £125m for PPI compensation.

 

 

US job growth slows during April

 

The US economy created 115,000 jobs during April, fewer than the previous month and less than analysts had expected, sending stock markets lower.

 

 

 

_60017567_014538565-1.jpgHigh unemployment 'to damage UK'

 

The UK unemployment rate will rise to almost 9% by the end of 2012, doing "permanent damage to the UK's productive capacity", a think tank says.

 

 

 

 

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

[/url]

 

BlackRock's Michelle Edkins behind wave of shareholder revolts

 

edkins_2211690g.jpg

Michelle Edkins, the global head of corporate governance at BlackRock, has emerged as the driving force behind the wave of shareholder revolts that have rocked Britain's biggest companies.

73 Comments

Pirc tells Cookson investors to vote to remove entire board

 

 

 

 

Former IHG chief to run Fitness First

 

FITNESS_2146174g.jpg

Andrew Cosslett, the former chief executive of Intercontinental Hotels Group (IHG), is to become the new head of Fitness First, the ailing gym chain.

Comment

 

Hunt under pressure over BSkyB's local service

 

murdoch_2211620g.jpg

BSkyB was planning a local, multi-media news and information service at the same time Jeremy Hunt, the Culture Secretary, was looking to develop a local television network across the country.

55 Comments

 

Global markets drop on eurozone and US jitters

 

market_2199304g.jpg

Stock markets fell as disappointing US jobs data doused hopes that the global powerhouse would support the eurozone through the political uncertainty of this weekend's elections in France and Greece.

34 Comments

 

RBS on 'path to recover' but no sale yet

 

RBS_2147438g.jpg

Royal Bank of Scotland reported a £1.4bn pre-tax loss in the first quarter but said it was on the "path to recover" as it confirmed it will repay the last of £163bn in bail-out loans from British and US taxpayers.

140 Comments

 

Tchenguiz probe: SFO ordered to Old Bailey

 

tchenguiz_2211425g.jpg

The Serious Fraud Office is being ordered to appear before an Old Bailey court over its bungled investigation into the dealings of the entrepreneurs Vincent and Robert Tchenguiz.

4 Comments

 

SSE fined £1.25m for doorstep mis-selling

 

 

 

 

Chelsea FC faces battle to buy power station

 

 

 

 

Yahoo! investigates chief

 

Credit crunch? I’m to blame

 

recession_2211531g.jpg

OK, I bought It bags and shoes, but nobody warned me not to, says Judith Woods.

24 Comments

Debt crisis: as it happened - April 4, 2012

 

 

 

 

US jobs data disappoints as workers give up

 

 

 

 

Eurozone services sector contracts sharply in April

 

Boardrooms are quaking with fear as shareholders revolt

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

Discrepancies on Medical Bills Can Leave a Credit Stain

 

By TARA SIEGEL BERNARD

 

 

As patients assume more of the responsibility for costs, complex billing and more aggressive collection by providers are resulting in negative credit report data that lingers for years.

 

 

 

 

DEBT-sfSpan.jpg

Brandon Thibodeaux for The New York Times

 

Ray White and his son Andrew. A medical bill paid late six years ago cost the family thousands in a mortgage financing.

 

 

 

 

 

 

DealBook

 

Live Blog: Berkshire's 2012 Annual Meeting

 

By MICHAEL J. DE LA MERCED 55 minutes ago

 

DealBook is live blogging Berkshire Hathaway's annual shareholder meeting, where analysts and investors are likely to again focus on Warren E. Buffett's succession plans.

 

6-LOREAL-thumbStandard.jpg

Le Petit Prince of L’Oréal

 

By LIZ ALDERMAN 9:39 AM ET

 

The grandson of Liliane Bettencourt, the matriarch of L’Oréal, has been appointed to the board, beginning his role as the family heir.

 

05jobs-pic-thumbStandard.jpg

Reasons Abound for Ebb in Job Growth

 

By CATHERINE RAMPELL

 

Economists cited various possible factors behind the addition of only 115,000 jobs in April, but none are likely to comfort 13.7 million jobless workers.

 

 

Obama1-thumbStandard.jpg

Job Numbers Become Instant Campaign Fodder

 

By MARK LANDLER

 

Mitt Romney criticized the weaker-than-expected employment numbers, while President Obama focused on taking action against raising the borrowing rates for student loans.

 

DealBook

 

Hedge Fund Intensifies Attack on Yahoo Amid Storm Over Padded Résumés

 

By MICHAEL J. DE LA MERCED

 

Third Point, which is the middle of a contentious proxy battle with Yahoo, called for the dismissal of the company’s chief executive, Scott Thompson, after revealing that he had inaccurately stated his credentials.

 

A Band of Contrarians, Bullish on Greece

 

By LANDON THOMAS Jr.

 

Several banks and hedge funds are buying Greek bonds, betting that the nation will remain in the euro zone and that bondholders won’t take a haircut in a new debt deal.

 

 

New Proposal on Fracking Gives Ground to Industry

 

By JOHN M. BRODER

 

Under a revised version of a rule proposed by the government, companies drilling on public lands would have to identify the chemicals used, but not until after drilling was completed.

 

 

 

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

The Mental Disease Called Liberalism (Health Reform)

 

It just never ends, does it?

As they await the
Supreme Court
ruling on the Affordable Care Act, legal critics of the law say their case is about liberty. If the government can instruct people to obtain health insurance, they keep asking, what’s to stop it from requiring them to buy broccoli?

But the real threat to liberty in this case isn’t a hypothetical broccoli law. It’s the problem that the mandate remedies -- the failure of the health-insurance market -- and the long-standing national crisis of rising health-care costs that Congress finally found a way to address.

It’s not a coincidence that in every advanced country in the world, including the U.S., the government is heavily involved in the health-care market and has been for generations. Everybody needs medical attention, at some point, and virtually everybody needs health insurance to pay for it. Nobody can predict when he or she will need care and virtually nobody can pay for it out of pocket. Even the
law’s
challengers acknowledge these facts.

See how the lie is set up? The premise put forward -- that everyone needs medical attention at some point, and virtually everyone needs insurance to pay for it, is put forward as a "fait accompli" without first asking the following questions:

 

  • Has it always been this way? Can you, for example, show us that health insurance was necessary in, oh, 1776? 1850? 1913? 1953? 1970?
  • Has everyone "needed" medical attention "at some point" historically as well? Was that true in 1776? 1850? 1913? 1953? Or 1970?

It's a fact that virtually everyone has in fact "needed" medical attention "at some point" historically. But America, and the rest of the world, managed to economically progress for hundreds of years without force-placed "insurance" or the government being materially involved in health care.

 

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.

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

Pay and eco protesters head for City

 

06 May 2012 12:00 AM

Trinity Mirror favourite for shareholder rebellion while Centrica is target for anti-nuclear activists

 

 

Thomas Cook saved by deal

 

06 May 2012 12:00 AM

Travel firm secures agreement to extend terms of its £1.4bn debt as it struggles to improve finances

 

 

Crunch vote for Bank over money printing

 

06 May 2012 12:00 AM

Recession blow leaves MPC with dilemma over quantative easing as inflation remains high

 

 

Sainsbury's steps cautiously into China

 

06 May 2012 12:00 AM

Sainsbury's is expected to post a 5 per cent rise in pre-tax profit to around £700m for the year to 17 March on Wednesday.

 

 

 

FTSE to track UK Plc firms

 

06 May 2012 12:00 AM

Canary Wharf group pitches plan for shares list of companies who predominately operate in Britain

 

 

BT set to increase dividend

 

06 May 2012 12:00 AM

Telecoms giant BT is expected to announce plans to increase its dividend policy when it reports a rise in profits on Thursday.

 

 

 

Warren Buffett: Talk to my secretary about investment advice

 

06 May 2012 12:00 AM

Warren Buffett joked that his secretary has become more famous and important than he is, at his annual shareholder meeting in Omaha yesterday, as he strayed from investments and into politics.

 

 

 

New auditor for Tenon

 

06 May 2012 12:00 AM

RSM Tenon, the listed accountant that embarrassingly discovered "black holes" in its own books, is interviewing for a new auditor.

 

 

 

Into University Partnerships' sale

 

06 May 2012 12:00 AM

An education group that specialises in partnering with universities, but is opposed by many lecturers, is looking to private equity to take a minority stake in the business.

 

 

 

Google's app sales to go through 15 billion mark

 

06 May 2012 12:00 AM

Google will tomorrow hit a major milestone in app downloads from its site.

 

 

 

US group takes Domecq to High Court

 

06 May 2012 12:00 AM

Christina Domecq, the scion of the sherry dynasty, is being sued by the US group that bought her troubled technology start-up.

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

No escaping European risks

 

LONDON - The prospect of political risks joining economic and debt problems on the euro zone's list of worries, just as the outlook for global growth becomes uncertain, will keep investors focused firmly on safety plays in the coming week.

 

Djezzy appeal over $1.3 billion fine postponed again

 

ALGIERS - An Algerian court on Sunday postponed until May 27 an appeal hearing into a $1.25 billion fine imposed on Djezzy, the local mobile phone unit of Russian telecoms firm Vimpelcom , a Reuters reporter in the courtroom said.

5:51pm BST

 

India to deliberate tax measures as investors fret

 

MUMBAI - Whatever its intentions in cracking down on abuse of tax havens, India has alienated overseas investors with the timing and communication of its measures when it can ill afford to do so.

2:36pm BST

 

Nokia's woes might call for Microsoft aid

 

LONDON - Addressing Nokia Oyj employees in January 2011, Chief Executive Stephen Elop - at that point only four months into the job - dramatised the company's predicament by comparing it to standing on a burning platform.

10:05am BST

 

Air Arabia beats forecasts as Q1 net rises 11.7 percent

 

DUBAI, MAY 6 - UAE budget carrier Air Arabia said quarterly net profit rose 11.7 percent, beating analysts' forecasts, as a hike in fuel costs was offset by a rise in number of passengers seeking low-cost flying options.

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 May 2012 Last updated at 17:24

 

 

We won't be distracted - Osborne_60062609_014679947-1.jpg

 

Chancellor George Osborne says his party will focus on the economy in the wake of local election defeats, amid fresh criticism from Tory MPs of the coalition's priorities. 1407

 

 

_60062953_60062789.jpgBeckham tops UK sport rich list

 

David Beckham tops the Sunday Times list of the richest people in sport in the UK and Ireland.

 

 

 

RBS confirms state loan repayment

 

RBS confirms it is to repay £163bn of emergency loans, reports a three month loss of £1.4bn and sets aside another £125m for PPI compensation.

 

 

 

 

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

Investors want Aviva CEO replaced

 

aviva_2199766g.jpg

Two of Aviva's largest shareholders have called on incoming chairman John McFarlane to replace chief executive Andrew Moss at his earliest convenience.

8 Comments

Fraud inquiry into Aviva's Irish arm

 

 

Banks close to swaps 'mis-selling' investigation

 

banks_1780461g.jpg

British banks are facing the prospect of a major investigation by the Financial Services Authority into alleged mis-selling of billions of pounds of complex interest rate hedging products to small businesses.

37 Comments

 

John Lewis considering opening shops in China

 

john-lewis1_2065859g.jpg

John Lewis Partnership, the employee-owned retailer, is exploring opening shops in China, a move which would mark its first foray outside the UK.

17 Comments

John Lewis chairman Mayfield: there's still so much to do in the UK

 

 

 

EU signals end of 'Merkozy' austerity drive

 

sarkozy_2212244g.jpg

The EU's top economic official called for a new investment pact, in the latest sign Brussels is preparing to reconcile Germany's austerity drive with the growth agenda of French presidential favourite François Hollande.

61 Comments

Global markets drop on eurozone and US jitters

 

 

 

Former IHG chief to run Fitness First

 

FITNESS_2146174g.jpg

Andrew Cosslett, the former chief executive of Intercontinental Hotels Group (IHG), is to become the new head of Fitness First, the ailing gym chain.

3 Comments

 

Bank set to hold QE on inflation fears

 

 

 

 

Welfare-to-work schemes face fraud checks after investigation

 

 

 

 

Prudential seeks new building for London HQ

 

 

 

 

Thomas Cook faces £14m bill for bank fees

 

 

 

 

William Hill faces showdown over CEO's £1.2m 'gift'

 

It's China's mass market that offers the best opportunities

 

Have Andrew Moss and ailing Aviva lost direction?

 

Bankers' vitriol has masked Sir Mervyn King's uncomfortable message

 

Just how dangerous is France's socialist hand-grenade?

 

Credit crunch? I’m to blame

 

 

 

Debt crisis: as it happened - April 4, 2012

 

 

 

 

US jobs data disappoints as workers give up

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

Jobs Few, Grads Flock to Unpaid Internships

 

By STEVEN GREENHOUSE

 

 

In a weak job market, many college graduates are taking unpaid internships that fail to deliver on their promises of experience by offering little more than menial work.

 

 

 

 

INTERN-1-sfSpan.jpg

Marcus Yam for The New York Times

 

Eric Glatt, 40, sued Fox Searchlight Pictures for minimum wage violations for unpaid personnel work he performed for the film “Black Swan.” Fox Searchlight says it has complied with the law.

 

 

 

 

 

 

6-JOBLESS-thumbStandard.jpg

The Jobless Young Find Their Voice

 

By HANNAH SELIGSON

 

Two movements have sprouted to fight for this generation’s right to move out of the parental basement.

 

 

07startups-sf-thumbStandard.jpg

Interactive Feature: Could Any of These Start-Ups Become the Next Big Thing?

 

 

The start-up scene is on fire, flooded with apps and services that are attracting users and backing from venture capitalists. But a few stand out from the crowd.

 

6-LOREAL-thumbStandard.jpg

Le Petit Prince of L’Oréal

 

By LIZ ALDERMAN

 

Jean-Victor Meyers, the grandson of Liliane Bettencourt, has been appointed to the board, beginning his role as the family heir.

 

DealBook

 

Berkshire’s 2012 Annual Meeting

 

By MICHAEL J. DE LA MERCED

 

DealBook live blogged Berkshire Hathaway’s annual shareholder meeting, where analysts and investors again focused on Warren E. Buffett’s succession plans.

 

Bits

 

0506SBNBITS-thumbStandard.jpg

Coining Terminology for Life on the Web

 

By JENNA WORTHAM

 

Companies are creating words and symbols that are gaining recognition on the Web and followers. Examples include the “like” of Facebook and the abbreviation LOL (laugh out loud).

 

The Haggler

 

A Rising Tide Against Class-Action Suits

 

By DAVID SEGAL

 

Last year, the Supreme Court said that corporations could write contracts that blocked class-action lawsuits. Now we are seeing that ruling’s effects.

 

Novelties

 

For Hard of Hearing, Clarity Out of the Din

 

By ANNE EISENBERG

 

Technological advances are helping refine tools for hearing in less-than-ideal circumstances.

 

The Boss

 

Dance Lessons in Life

 

By GLEN de VRIES

 

Mr. de Vries, president of Medidata Solutions, whose systems help run medical trials, tells of how a lesson learned in ballroom dancing helped turn around a sales presentation disaster.

 

Career Couch

 

A Gateway to a Career Through Volunteering

 

By EILENE ZIMMERMAN

 

Public service work can be a gateway to careers and gives new graduates time to consider options and learn about themselves.

 

 

An Economic Lifeline of Barley and Hops

 

By WILLIAM YARDLEY

 

In Bend, Ore., where there is no Interstate, no university and the closest major city is 160 miles away across steep and snowy mountains, beer has had room to make a difference.

 

Discrepancies on Medical Bills Can Leave a Credit Stain

 

By TARA SIEGEL BERNARD

 

As patients assume more of the responsibility for costs, complex billing and more aggressive collection by providers are resulting in negative credit report data that lingers for years.

 

 

Reasons Abound for Ebb in Job Growth

 

By CATHERINE RAMPELL

 

Economists cited various possible factors behind the addition of only 115,000 jobs in April, but none are likely to comfort 13.7 million jobless workers.

 

 

 

 

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

Another State Fraud Unwinding (Tobacco Bonds)

Nothing like a good racket, eh?

A handful of bonds backed by yearly payments from tobacco companies under a landmark settlement with 46 states are in the earliest stages of default, and more distress is expected.

Dozens of states, counties and cities issued the bonds to receive billions of dollars upfront from
the 1998 settlement
. But now they are seeing smaller payments than expected from the companies as tobacco sales decline in America. There is also a renewed legal battle between the states and the tobacco companies, with the companies holding back nearly $8 billion in settlement payments, pending resolution.

Nice.

What happened here is that the states "sold forward" the cash flow from the tobacco settlement predicated on smoking continuing to increase in prevalence while at the same time raising taxes and taking other actions to deter smoking.

 

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.

Link to post
Share on other sites

Sarkophagus: Hollande Wins French Presidency

 

Meet President Hollande

 

First Official Greek Exit Polls: Pro-Bailout Parties Plunge; Anti-Bailout Radical Left, Neo-Nazis Soar

 

As we expected, the previous unofficial poll forecasts were total rubbish, and according to exit polls from NET TV, the results are as follows:

 

  • New Democracy: 17-20%
  • Pasok: 14-17%
  • In a stunner, Syrizia, or the coalition of the radical left - a vehement anti-Bailout party - gets more votes than the ruling PASOK party: 15.5%-18.5%
  • Independent Greeks: 10-12%
  • Finally, and not surprisingly in the aftermath of the French results, the ultra right Golden Dawn gets 6-8% of the vote and will make it into Parliament

Looks like the people have got fed up with the political elites and have sent a message about what they think.

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

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

Greek election runner-up rejects coalition deal

 

 

Parties' deadlock weighs heavily on markets across Europe as Greece may be forced to hold repeat elections in mid-June, about the time it has to detail new drastic austerity measures.

 

 

Cuts deepen crisis of the dole queues

 

07 May 2012 12:00 AM

Britain faces "five more years of pain" on unemployment, with the North-South divide widening further than ever as government cuts bite.

 

 

 

Wonga.com launches new loans service for small businesses

 

07 May 2012 12:59 PM

A payday lender today launched a service that will offer small businesses access to loans of between £3,000 and £10,000 in as little as 15 minutes.

 

 

 

Markets braced for more turbulence

 

07 May 2012 12:25 PM

Traders have warned of more market turbulence after elections in Greece and France fuelled uncertainty over Europe's ability to solve its debt crisis.

 

 

 

ENRC plans to split off controversial African mines

 

07 May 2012 12:00 AM

Controversial FTSE-100 mining giant ENRC is in advanced talks to split off its African division which was at the heart of a bitter battle over the way it bought a lucrative mine in a deal involving the secretive tycoon Dan Gertler.

 

 

 

Markets plunge after Greece and France election results

 

07 May 2012 12:45 PM

Renewed uncertainty over Europe's ability to deal with its spawning debt crisis following elections in Greece and France hammered stock markets today, with the main exchange in Athens down a massive 8%.

 

 

 

Warren Buffett: We will survive

 

07 May 2012 12:00 AM

I'm in good shape, the firm is in good shape, the Sage of Omaha tells 30,000 fans at his yearly get-together. Stephen Foley was there

 

 

 

Shop rents fall 1.1% in five years

 

07 May 2012 12:00 AM

Rents being charged to retailers by their landlords have only fallen marginally over the last five years, despite the economic crisis hitting the High Street and the switch to online shopping.

 

 

 

Treasury makes super-rich pay

 

07 May 2012 12:00 AM

The super-rich may be famous for finding tricks to avoid paying their fair share of tax, but the HMRC may finally be catching up with them – or some, at least.

 

 

 

Queen's Speech to start bank reforms

 

07 May 2012 12:00 AM

This week's Queen's Speech will herald legislation on ringfencing banks' riskier "casino" operations from their everyday retail arms, as recommended by last year's Independent Commission on Banking, it is believed.

 

 

 

What the Sunday Papers said...

 

07 May 2012 12:00 AM

Independent on Sunday: Pay and eco protesters head back to the City

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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Google infringed on Oracle's Java copyrights - jury

 

SAN FRANCISCO - A Northern California jury on Monday found that Google Inc infringed upon Oracle Corp's copyrights on the structure of part of the Java software programming language, in a high stakes trial over smartphone technology.

 

EBRD to invest 7.5 billion euros in North Africa, Jordan

 

TUNIS - The European Bank for Reconstruction and Development (EBRD) hopes to eventually invest 7.5 billion euros a year in North Africa and Jordan to support democratic transition and help economies recover from the 2011 revolutions, its president said.

7:29pm BST

 

French banks BNP, SocGen slash bonuses

 

PARIS - BNP Paribas and Societe Generale , France's two biggest listed banks, said on Monday that they were slashing their annual bonus pool for traders and top bankers after the sector was slammed by funding and capital concerns last year.

6:09pm BST

 

Analysis - Investor protest votes on pay here to stay

 

LONDON - Company directors will remain under pressure from shareholders over executive pay long after the market downturn ends and lawmakers stop the heckling that has helped prompt votes against remuneration policies at this year's annual meetings.

2:33pm BST

 

HKEx chief confident on buying LME; Q1 profit dips

 

HONG KONG - Hong Kong Exchanges and Clearing Ltd said it was confident of winning an auction to take over the London Metal Exchange (LME), the world's largest metals trading market, as it looks to China to drive new business growth in the face of declining stock market activity.

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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Samaras Greek coalition bid fails_60079367_60079245.jpg New

 

Greece's centre-right leader, Antonis Samaras, says he cannot form a coalition, amid warnings from the EU that austerity measures must continue.

 

 

_60078444_60077212.jpgHollande sets France on new path

 

New French President Francois Hollande vows to redraw a pact on EU budget constraints, saying "austerity can no longer be the only option".

 

The election results have certainly raised questions over the "austerity" measures, if another election is called in Greece it will be interesting to see if it was just a protest vote or if people really have got fed up with the status quo.

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

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

Markets fall as French and Greek elections renew debt fears

 

greece-france_2212803g.jpg

Election results in Greece and France send tremors throughout Europe as voters punish parties responsible for austerity measures instituted to prevent spiralling levels of debt.

459 Comments

François Hollande defies critics to fulfil his destiny at last

 

 

Sarkozy booted out of office having exhausted France

 

 

Execs hit back at 'rewards for failure' claims

 

barclays_2211682g.jpg

Some of Britain's biggest companies have hit back against the "shareholder Spring", urging investors to recognise that not all bonuses are "rewards for failure".

113 Comments

Shareholders have executive pay in their sights

 

 

 

BP may get Arctic second chance with Rosneft

 

arctic_2102835g.jpg

BP could be handed a second shot at exploring for oil offshore in the Arctic with Russia's Rosneft, in a possible tie-up through its joint venture TNK-BP.

5 Comments

 

Five more tough years for UK jobs market

 

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Unemployment will keep rising over the next five years in every UK region except the South East, East and London, a new report reveals, raising fears of a widening North-South divide.

20 Comments

 

Bank's inflation fears put QE in balance

 

Bank2_2194348g.jpg

A further boost to the economy through more quantitative easing will be considered by the Bank of England's Monetary Policy Committee this week to combat recession.

14 Comments

 

Kazakh mining giant ENRC eyes break up

 

 

 

 

BT bosses set for £90m windfall

 

 

 

 

Footballers set to gain from tax relief on Birmingham development

 

 

 

 

Facebook could dodge $14bn in US taxes

 

 

 

 

FSA set to expand probe into swaps mis-selling

 

The web's about creating vast wealth for the few, not jobs for the many

 

in_2201429g.jpg

Don't bother with the lottery, or even the fast buck attributes of finance; design an app. It'll make you richer. Much, much richer.

Comment

The week ahead in business and economics: May 8-11

 

 

 

 

Bankers' vitriol has masked King's uncomfortable message

 

 

 

 

Bank set to hold QE on inflation fears

 

Europe has reached a watershed moment and leaders need to refocus

 

Francois Hollande has ten weeks to avert a French bond 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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