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    • is the home in joint names but this is solely your debt? need far more history to be able to comment if it's paid off and was not just written of by one partly on their books and sold to anther, thus the cra file says £0. dx
    • So, Sunak has managed to get someone to 'volunteer to go to Rwanda hasn't he? .. for just £3000 payment to the person plus 5 years free board and lodging isnt it? - cost to UK taxpayer over £300M+ (300 million quid+) isnt it? - Bargain says Rwanda, especially with all the profit we made privately selling those luxury chalets Bravermann advertised for us   I wonder how many brits would jump at that offer? Thousands? Hundreds of thousands? Lets see, up to 5 years free board and lodging and £3k in my pocket .. I'd go - and like that person - just come back if/when I get bored. First job - off to Botswana for a week to see the elephants.   Of course the paid volunteers going to Botswana are meaningless - Rwanda have REPEATEDLY said they wont take any forcibly trafficked people in breach of international law eh? Have the poops actually got any civil servants to agree to go yet - probably end up as more massive payments to VIPal contractors to go and sit there doing nowt shortly eh?    
    • Hi Wondered if I could get a little advise please. I entered into a commercial lease (3 years) and within a few months I had to leave as the business I was trading with collapsed. I returned the keys to the landlord and explained the situation and no money, also likely to go on benefits but the landlord stuck to their guns. They have now instructed solicitors to send letter before action claiming just over £4000. The lease was mine and so the debt. I know this. I have emailed the solicitors twice to explain I am out of work and that with help from family I could offer a full and final settlement figure of £1500 or £10pw. This was countered by them with an offer to reduce the debt by £400, or pay off the amount over 12 months. I went back with an improved full and final offer of £2500 or £20pw. This has been rejected with the comment 'papers ready to go to court'. I have no hope of paying the £4000 and so it will have to go to court. Pity as I have no debts otherwise but not working is a killer. I wondered if they take me to court, could I ask for mediation? I also think that taking me to court will result in a pretty much nothing per week payment from my benefits. Are companies just pushing ahead with action even if a better offer is on the table? Thanks for your help.
    • Hi all, Many thanks for the advice! Unfortunately, the reply to the email was as expected…   Starbucks UK Customer Care <[email protected]> Hi xxxxxx, We are sorry to read you received a parking charge after using our Stansted Airport - A120 DT store. Unfortunately, the car park here is managed by MET parking. Both Starbucks and EuroGarages who own and operate this site are not able to help and have no authority to overturn any parking charges received. If you have followed the below terms then you would need to send all correspondence to [email protected], who will be able to assist you further. Several signs around the car park clarify the below terms and conditions: • Maximum stay 60 minutes, whilst the store is open. If the store is closed, pay to park applies. • The car park is for Starbucks customers only who make a purchase in our store, a charge will be issued if you left the site. • If you had made a purchase and required additional time, you must have inputted your registration number into the in store iPad which would have extended your stay up to 3 hours • To park in a disabled bay, you must have displayed a valid disabled badge. • If Starbucks was closed, you must have paid for parking as charges still apply, following signage located on site. • If you didn’t use the store, you must have paid for parking, following signage located on site Please ensure all further correspondence is directed to MET parking at the above email address, and accept our apologies that we cannot help you further on this matter.  Kind Regards,  Lora K  Customer Care Team Leader Starbucks Coffee Company, Building 4 Chiswick Park, London, W4 5YE
    • Thanks HB edited and re-uploaded. Thanks for the heads up 👍
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    • If you are buying a used car – you need to read this survival guide.
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    • 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 
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    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
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    • 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 7


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Axe looms over BAE shipyards

 

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BAE’S most senior executive in the UK has said one of Britain’s major shipyards is likely to close, with a decision expected before Christmas.

154 Comments

 

 

Lynch claims infighting is wrecking HP

 

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Autonomy founder Mike Lynch claims Hewlett-Packard executives worked against his business and that it is riven with “internecine wars” which damage its ability to operate.

29 Comments

Rage of the Titans: Whitman vs Lynch

 

 

Autonomy must stand up and be recounted over growth rates

 

 

 

€35bn aid for Spain as Eurogroup meet

 

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European bailout funds will pump €35bn into Spain’s state bank rescue package in return for mass job cuts at four nationalised banks, as eurozone finannce ministers meet for the third time to agree on Greek aid.

19 Comments

 

Bibby worker offered incentives to win fees

 

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A worker at one of the UK’s leading lenders to small businesses attempted to identify struggling firms in order to profit from their subsequent collapse.

18 Comments

 

HSBC Chairman urges bankers to take an oath

 

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Douglas Flint is pushing for bankers to take an oath similar to that of doctors as part of radical plans to overhaul the way the profession is viewed in the wake of the financial crisis.

23 Comments

 

'Double strike’ fear for RBS over Libor fines

 

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Royal Bank of Scotland is concerned it could receive a “double hit” of separate fines for its alleged involvement in the Libor-fixing controversy, one from the FSA and one from the US regulators.

23 Comments

 

Restaurant boss starts pay revolt on bank swaps

 

 

 

 

Thomas Cook to face new cutbacks

 

 

 

 

Malaysians join £1bn race for Stansted deal

 

 

 

 

Russian telecoms giant to float for £8bn as oligarch heads for the City

 

There is only one real answer - split the banks

 

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Back in late 2008, in the immediate aftermath of the sub-prime crisis, those of us calling for a new “Glass-Steagall” split between commercial and investment banking were dubbed “Neanderthals” and “hot-heads”.

62 Comments

Merkel rival warns of impact of Greek default

 

 

 

 

Eurozone confidence returning, says Mario Draghi

 

 

 

 

EU countries join forces to combat tax dodging

 

Hi-tech leap drives China's second boom in the hinterland

 

At last, someone who backs the wealth creators

 

There is only one real answer - split the banks

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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Another Unicorn Peddler (Payroll Tax)

 

It never ceases to amaze me how people get "column inches" in a paper like the NYT peddling nonsense like this gent is doing. Oh wait; it's not that hard to figure out -- the media is not about reporting or even opinion, it's about shaping opinion -- and the truth, even arithmetic, be damned.

WE have two political parties in America, runs a saying that conservatives like to quote. One is stupid, the other is evil. And when they join forces to do something that’s both stupid and evil — well, that’s what we call “bipartisanship.”

The payroll tax holiday that passed Congress in the winter of 2010 was a rare exception to this pessimistic rule. Cutting the payroll tax was good short-term politics for both Democrats and Republicans: it was a tax cut that liberals hoped would double as stimulus, and a boost to the middle class that conservatives could support without embracing new federal spending. But more important, it opened the door to what would be good long-term policy as well — because more than almost any feature of the American tax code, the payroll tax deserves to be pared away into extinction.

Ross goes on to do what so many other so-called "populist" commentators do -- he conflates the two components of the payroll tax and then talks about getting rid of one of them.

That's intentionally dishonest and Ross knows it.

 

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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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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Share on other sites

Britain's corporate stars face pension time bomb

 

26 November 2012 12:00 AM

A report out today reveals that British businesses are buckling under their liabilities

 

 

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Swiss banking giant UBS fined £29.7m over rogue trader Kweku Adoboli

 

26 November 2012 09:10 AM

Adoboli was sentenced to seven years in prison last week after he was convicted of two counts of fraud by abuse of position

 

 

 

Smartphone influence on retail 'is set to soar this Christmas'

 

26 November 2012 12:00 AM

It has revolutionised the way we listen to music, take photos and exchange gossip but the smartphone is now set to also transform the nation's shopping habits this Christmas.

 

 

 

UK downgrade looms 'but it could be a help'

 

26 November 2012 12:00 AM

Chancellor George Osborne's attempts to cling onto the nation's triple-A credit rating look doomed but the loss would be "symbolic, not catastrophic", the UK's biggest bank says.

 

 

 

Company investment levels will take years to recover

 

26 November 2012 12:00 AM

Investment by British companies will not recover to its pre-crisis levels until 2015, ensuring several more years of weak growth, according to a respected economic forecaster.

 

 

 

GDP growth revised down after worse-than-expected performance in construction and manufacturing

 

26 November 2012 10:22 AM

Gross domestic product growth in the third quarter is forecast to be revised down by the ONS to 0.9% from 1% in the first estimate

 

 

 

Size matters in choosing an auditor, Big Four say

 

26 November 2012 12:00 AM

The Big Four accountants have launched fierce defences of the reasons for their market dominance in auditing major companies.

 

 

 

Facebook fiasco leads to caution on social media

 

26 November 2012 12:00 AM

Investors pinning their hopes on a New Year windfall with a Twitter IPO may have to wait a little longer yet as the markets grow more cautious about social media investments in the wake of Facebook's rocky path to life as a public 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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26 November 2012 Last updated at 13:57

 

 

Central bank to name new governor_64389966_013363300-1.jpg

 

The new governor of the Bank of England will be announced to Parliament later by the Chancellor, George Osborne.

 

 

_64377509_152396396.jpgUBS fined £29.7m for Adoboli case

 

The Financial Services Authority fines UBS £29.7m for failings that led to trader Kweku Adoboli losing £1.4bn.

 

 

 

_64376313_64376026.jpgFlood cover talks 'reach crisis'

 

Talks about flood insurance are at "crisis point" and could leave 200,000 homes without cover, according to an insurers' body.

 

 

 

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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New Breed of SAC Capital Hire Is at Center of Insider Trading Case

 

By PETER LATTMAN 53 minutes ago

 

Mathew Martoma's arrest signals the first time that prosecutors have linked Steven A. Cohen, the founder of SAC Capital Advisors, to possibly illegal trading activity.

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Steve Marcus/Reuters

 

Steven A. Cohen, the founder of SAC Capital Advisors. Several former SAC workers have been accused of breaking the law.

 

 

 

 

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Courts Divided Over Searches of Cellphones

 

By SOMINI SENGUPTA

 

Judges and lawmakers across the country are wrangling over whether and when law enforcement authorities can search suspects’ cellphones without a warrant, and interpretations range widely.

 

 

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After Dozens of Deaths, Inquiry Into Bed Rails

 

By RON NIXON

 

Government agencies knew about deaths from strangling on bed rails for years, but did little to address the issue.

 

 

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Autonomy Founder Challenges H.P.’s Claims

 

By QUENTIN HARDY

 

Autonomy’s founder, Mike Lynch, says he was blindsided by a public relations onslaught from Hewlett-Packard, little of which had to do with the substance of H.P.’s fraud claims about his company.

 

DealBook

 

UBS Fined $47.5 Million in Rogue Trading Scandal

 

By MARK SCOTT 35 minutes ago

 

Britain's financial regulator has fined UBS $47.5 million for failing to prevent a $2.3 billion loss caused by a former trader.

 

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Early Push for Sales Undercuts Black Friday

 

By STEPHANIE CLIFFORD

 

Sales on the day after Thanksgiving fell from those a year earlier, after stores started their “doorbuster” promotions early in the week and opened for business on Thursday evening.

 

Stocks Decline in the Early Going

 

By REUTERS 3 minutes ago

 

Wall Street opened lower as investors returned to the market after a holiday-shortened trading week.

 

Euro Finance Ministers Confront a Standoff Over Greece

 

By JAMES KANTER 8:17 AM ET

 

Diplomats in Brussels said they expected a third meeting on bailouts to be long and stormy amid a continuing refusal by major creditors like Germany to forgive Greece some of its debt.

 

Trade Deal Between U.S. and Europe May Come to the Forefront

 

By JACK EWING

 

Corporations and business groups on both sides of the Atlantic are pushing for a pact, which they say would produce substantial economic benefits.

 

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Oprah at a Crossroads

 

By CHRISTINE HAUGHNEY

 

Trying to bolster her media empire, Oprah Winfrey has been seeking to attract younger audiences to her magazine, which has experienced a decline in advertising revenue since her talk show ended.

 

 

 

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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New Bank of England Governor is to be named in Parliament today

 

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The new Governor of the Bank of England is to be announced in Parliament this afternoon, according to reports, with Paul Tucker, the Deputy Governor, the bookmakers' favourite.

8 Comments

 

 

UK GDP growth expected to be revised down

 

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Gross domestic product (GDP) growth in the third quarter is forecast to be revised down by the Office for National Statistics (ONS) to 0.9pc from 1pc in the first estimate.

1 Comment

History suggests UK GDP estimates are unreliable

 

 

 

UBS fined £30m over Adoboli fraud failures

 

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UBS has been fined £29.7m by Britain's financial regulator for failures in its systems and controls that allowed former employee Kweku Adoboli to conduct Britain’s biggest bank fraud.

Osborne must keep hands off QE windfall

 

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One of Britain’s most respected think-tanks has warned the Chancellor that the era of austerity could last until 2018 and that he will lose credibility if he uses a £35bn windfall from QE to meet his fiscal targets.

95 Comments

IFS: Osborne may have to raise VAT to 25%

 

 

Remove growth hurdles, business urges Osborne

 

 

 

Fears of another eurozone delay on Greek aid

 

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Eurozone finance ministers to meet in Brussels to discuss Greece's debt problems as Germany and France plan bond auctions.

254 Comments

Spain's Catalan separatists win election but punish Mas

 

 

 

Older people 'contribute £27bn to society'

 

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Older generations contributed almost £27 billion to society through unpaid care, charitable and voluntary work over the last year, a report has found.

12 Comments

 

Infighting over West Coast bid highlighted

 

 

 

 

Drugs giant warns jobs may go overseas

 

 

 

 

Glaxo to raise stake in Indian unit in £591m deal

 

History suggests UK GDP estimates are unreliable

 

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Over the past 51 years, just 12 out of the 205 initial UK economic growth estimates made by the Office for National Statistics (ONS) have survived a later revision.

Comment

Debt crisis: live

 

 

 

 

New Bank of England Governor to be named

 

 

 

 

Autumn Statment 2012: Business groups call for funding help

 

Hi-tech leap drives China's second boom in the hinterland

 

OBR's supply pessimism could be the ruin of this government

 

There is only one real answer - split the banks

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

MPC got it wrong on growth, King admits

 

28 November 2012 12:00 AM

The Bank of England's Monetary Policy Committee was too slow to lower its growth forecasts to reflect the deteriorating outlook for the UK, Sir Mervyn King said yesterday, as an independent think-tank predicted that the British economy would expand by just 0.9 per cent next year.

 

 

 

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125 more Comet stores to close

 

28 November 2012 11:36 AM

Staff at stricken electricals chain Comet were dealt a pre-Christmas blow today after administrators announced a further 125 stores will close.

 

 

 

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Thomas Cook reports £17m loss after disastrous attempt to cash in on London 2012

 

28 November 2012 12:41 PM

Thomas Cook has revealed an unwelcome Olympics legacy: a £17m hole in its accounts after a disastrous attempt to cash in on London 2012.

 

 

 

Gatwick reports rise in profits

 

28 November 2012 10:03 AM

A busy holiday airport has announced increased half-yearly profits.

 

 

 

OECD urges eurozone to put brake on deficit cuts if outlook worsens

 

28 November 2012 12:00 AM

Eurozone nations should be prepared to ease up on deficit reductions to avoid pushing the single currency area into a deeper slump, the Organisation for Economic Co-operation and Development argued yesterday.

 

 

 

E.On forced to hand back £1.7m after overcharging

 

28 November 2012 12:00 AM

Energy supplier E.ON has been forced to hand over £1.7m to customers after it was caught overcharging.

 

 

 

Explain yourself, Autonomy founder tells HP over 'impropriety' claim

 

28 November 2012 12:00 AM

Autonomy founder Mike Lynch last night stepped up his battle with Silicon Valley giant Hewlett-Packard, demanding that the company divulge details of its allegations against him, a week after it went public with claims of financial impropriety.

 

 

 

Severn taps into a price-rise boost

 

28 November 2012 12:00 AM

The cold, wet summer meant no need for extra watering on farms or gardens, sending Severn Trent's water consumption down nearly 3 per cent in the six months to October.

 

 

 

Samsung sued by Ericsson

 

28 November 2012 12:00 AM

Swedish telecoms giant Ericsson has launched a US lawsuit against South Korean rival Samsung.

 

 

 

Financial Times boss Fairhead steps down

 

28 November 2012 12:00 AM

Financial Times boss Rona Fairhead is resigning after 12 years at parent company Pearson. The former finance director was a candidate to replace Dame Marjorie Scardino as chief executive, but that job was handed to international education boss John Fallon.

 

 

 

Pinewood is soaring thanks to blockbusters

 

28 November 2012 12:00 AM

The latest James Bond movie, Skyfall, and the forthcoming Les Misérables, starring Anne Hathaway, are among the blockbusters that have boosted revenues at Pinewood Shepperton's studios.

 

 

 

Nationwide hands out £10bn as loans boom

 

28 November 2012 12:00 AM

The UK's biggest mutual said yesterday the Bank of England's Funding for Lending initiative had helped finance a boom in mortgage lending – but also warned of the damaging impact on savers.

 

 

 

Britvic is hurt by recall of Fruit Shoot

 

28 November 2012 12:00 AM

Profits have tumbled at Britvic, the maker of the Robinsons brand, after it suffered a hit from the recall of its Fruit Shoot children's drink and the wet summer weather in the UK.

 

 

 

De La Rue's passport to a profits boost

 

28 November 2012 12:00 AM

De La Rue, the banknote printer, enjoyed a 9 per cent rise in underlying, pre-tax profit growth to £31.5m in the first half, mainly thanks to its "solutions" business which makes British passports.

 

 

 

Buffett tips Dimon for US Treasury

 

28 November 2012 12:00 AM

A re-elected President Barack Obama should pick up the phone to JP Morgan's chief executive, Jamie Dimon, as the best man to lead the US Treasury through a financial crisis, Warren Buffett, the Sage of Omaha, declared yesterday.

Severn Trent prospers as the prices tap is opened

 

27 November 2012 01:45 PM

The cold, wet summer meant no need for extra watering on farms or gardens, sending Severn Trent’s water consumption down nearly 3% in the six months to October.

 

 

 

Auto Trader shrugs off new rival but admits it should have spent more on marketing

 

27 November 2012 01:44 PM

Car advertising business Auto Trader today dismissed a new online rival from the Sunday Times as “niche”, but admitted it should have spent more on marketing in the face of mounting competition.

 

 

 

David Cameron tackles ministers over growth rate

 

27 November 2012 01:33 PM

Cabinet ministers in charge of departments that are failing to boost growth were “challenged” about their poor performance by David Cameron today.

 

 

 

Growth forecasts should have been cut sooner, admits King

 

27 November 2012 12:25 PM

Bank of England governor Sir Mervyn King today admitted policymakers should have cut growth forecasts sooner.

 

 

 

E.On ordered to repay £1.7m to customers after Ofgem finds it guilty of overcharging

 

27 November 2012 11:53 AM

Energy company E.ON has been forced to hand over £1.7m to customers after it was caught overcharging.

 

 

 

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New man at the Bank left under no illusions over perils facing economy

 

27 November 2012 11:37 AM

UK faces slow recovery as growth forecasts slashed

 

 

 

Nationwide interested in buying RBS branches

 

27 November 2012 11:01 AM

Nationwide, Britain's biggest customer-owned financial services group, is interested in bidding for 316 branches being sold by Royal Bank of Scotland to speed up its expansion into lending to small and medium-sized businesses.

 

 

 

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Greek bailout of £25bn secured on new debt target

 

27 November 2012 06:00 AM

European finance ministers last night secured a deal on a new debt target for Greece, opening the way for the latest instalment of bailout money to be released – a crucial measure if the country is to avoid a catastrophic default on its debts and an exit from the single currency.

 

 

 

HP may face action over Autonomy deal

 

27 November 2012 12:00 AM

Hewlett-Packard faces the threat of legal action over its acquisition of Autonomy after lawyers for an investor filed a proposed class action suit in a San Francisco court.

 

 

 

Beckers to quit as RWE npower chief

 

27 November 2012 12:00 AM

Volker Beckers, group chief executive officer (CEO) at energy provider RWE npower since 2010, is to step down from his role at the end of the year.

 

 

 

Quintain targets £150m in sell-offs as it focuses on London

 

27 November 2012 12:00 AM

Quintain is aiming for about £150m in property sell-offs as it funnels resources into its vast Greenwich and Wembley developments in London and cuts debt, the company said yesterday.

 

 

 

Samsung denies child labour

 

27 November 2012 12:00 AM

Samsung has admitted some of its Chinese suppliers had "inadequate" employment practices but insisted that none used child labour.

 

 

 

Forecasts spark SDL warning

 

27 November 2012 12:00 AM

The translation software specialist SDL was forced to issue a profits warning yesterday after downgrading its forecasts for the year.

 

 

 

SEC chief Schapiro to step down

 

27 November 2012 12:00 AM

Mary Schapiro will step down as head of the US Securities and Exchange Commission (SEC) next month in the first major change in Barack Obama's financial team since he won a second term as President.

 

 

 

Tax-exile UBM ready for return to Britain

 

27 November 2012 12:00 AM

Media and marketing services company UBM yesterday said its shareholders had approved a proposal to return the firm's tax base to the UK after four years in Ireland.

Forecasts spark SDL warning

 

27 November 2012 12:00 AM

The translation software specialist SDL was forced to issue a profits warning yesterday after downgrading its forecasts for the year.

 

 

 

SEC chief Schapiro to step down

 

27 November 2012 12:00 AM

Mary Schapiro will step down as head of the US Securities and Exchange Commission (SEC) next month in the first major change in Barack Obama's financial team since he won a second term as President.

 

 

 

Tax-exile UBM ready for return to Britain

 

27 November 2012 12:00 AM

Media and marketing services company UBM yesterday said its shareholders had approved a proposal to return the firm's tax base to the UK after four years in Ireland.

 

 

 

UBS hit by £29.7m rogue trader fine and warned over capital levels

 

27 November 2012 12:00 AM

UBS was yesterday hit with a £29.7m fine for failing to spot and stop rogue trader Kweku Adoboli, who was jailed for fraud last week, and told it may need to raise its capital levels.

 

 

 

Betfair pulls its plans for Greek venture as it 'won't be a winner'

 

27 November 2012 12:00 AM

The odds are that setting up a betting business in Greece won't make much money, Betfair said yesterday as it withdrew plans to enter the country.

 

 

 

ArcelorMittal 'no longer welcome in France'

 

27 November 2012 12:00 AM

A senior French minister said yesterday that the world's largest steelmaker ArcelorMittal was "no longer welcome" in France because it broke promises made when it bought the rump of the French steel industry six years ago.

 

 

 

Buffett calls for a minimum tax on America's super-rich

 

27 November 2012 12:00 AM

Warren Buffett, the billionaire investor who favours a greater burden on the wealthy, yesterday called for a minimum tax on America's millionaires but proposed a higher threshold for increased taxes on the rich than the one put forward by the White House.

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

Beleaguered Groupon CEO says would fire himself if needed

 

8:19pm GMT

 

Exclusive: Vivendi gets four bids for GVT - sources

 

7:47pm GMT

 

French government says has buyer for ArcelorMittal site

 

7:37pm GMT

 

Greece says voluntary debt buy back must succeed

 

7:16pm GMT

 

French bank reform to have wide scope, draft shows

 

7:08pm GMT

 

U.S. bans BP from new government contracts after oil spill deal

 

Gulf Oil Spill 6:40pm GMT

 

Chevron bid highest in Gulf of Mexico lease sale; BP sits out

 

Gulf Oil Spill 6:39pm GMT

 

AIB raises 500 million euro as Irish market return continues

 

6:37pm GMT

 

France could cut GDF stake to finance steel rescue- union

 

6:36pm GMT

 

Euro zone central banks may roll over Greek bonds | btn_rel_video.gif

 

6:25pm GMT

 

Germans lament 'never-ending story' of Greek aid

 

6:25pm GMT

 

Greece hires Deutsche, Morgan Stanley to run Greek voluntary debt buy back - source

 

6:25pm GMT

 

Homebase aims to stand out in shrinking market

 

6:14pm GMT

 

GM Chinese venture to build $1 billion plant in Chongqing

 

6:11pm GMT

 

EU Commission unveils vision for euro zone's integration

 

6:06pm GMT

 

Lawmakers demand Libor controls at Deutsche Bank inquisition

 

5:58pm GMT

 

Euro zone central banks may roll over Greek bonds

 

5:56pm GMT

 

BP says U.S. preparing deal to lift contract ban

 

5:55pm GMT

 

EU Commission unveils vision for euro zone's integration

 

5:54pm GMT

 

Spain to overhaul rescued banks as condition of aid

 

Spain 5:49pm GMT

 

UK mortgage approvals highest since January - BoE

 

5:47pm GMT

 

Chinese solar companies look homeward to boost shipments

 

5:44pm GMT

 

Hungary drifts further from IMF deal with FX bond plan

 

IMF 5:34pm GMT

 

Invensys sells rail unit to Siemens for $2.8 billion

 

5:32pm GMT

 

Stocks rally as U.S. lawmaker calms budget nerves

 

FXpert 5:26pm GMT

 

UK insurers fear enforced cover for flood risk

 

UK, David Cameron 6:49pm GMT

 

German inflation slows in November to hit ECB target

 

4:59pm GMT

 

EU Commission to look at risks of Dutch housing bubble

 

4:54pm GMT

 

Barclays says 5 staff fired over Libor rigging

 

UK, 4:48pm GMT

 

British company claims biggest engine advance since the jet

 

UK, 4:36pm GMT

 

EU Commission calls for tax shift away from labour, income

 

4:17pm GMT

 

Liikanen says ECB has already done a lot

 

3:57pm GMT

 

Greece says voluntary debt buy back must succeed

 

3:50pm GMT

 

French govt says has buyer for ArcelorMittal site

 

3:46pm GMT

 

Some Samsung Galaxy products infringe Apple patent -Dutch court

 

3:42pm GMT

 

Factbox - Sabre Engine could revolutionise space flight

 

UK, 3:03pm GMT

 

GM Chinese venture to build $1 billion plant in Chongqing

 

3:02pm GMT

 

Czech austerity budget clears first hurdle in parliament

 

2:59pm GMT

 

BoE's new chief to keep policy as is for at least 18 months - Reuters poll

 

2:58pm GMT

 

BP suspension could affect Gulf lease awards - Interior Department

 

2:52pm GMT

 

London should follow New York airports model - Gatwick CEO

 

UK, David Cameron 2:50pm GMT

 

French government says has a buyer for ArcelorMittal site

 

2:44pm GMT

 

Chavez's return to Cuba for treatment rattles Venezuela

 

2:22pm GMT

 

China central bank official slams U.S. tax dodging law

 

2:00pm GMT

 

BoE's Bean says door still open for more asset purchases

 

UK 1:54pm GMT

 

Barclays failings are arguments for bank break-ups - MP

 

1:53pm GMT

 

EU set to make its mind up over trade talks with Japan

 

Japan 1:50pm GMT

 

Factbox - EU trade talks around the world

 

Japan 1:50pm GMT

 

ECB wants "executioner" to terminate Europe's weak banks

 

1:42pm GMT

 

Greece says debt buy back will be voluntary

 

1:35pm GMT

 

Finnish minister sees chance to ease terms for Ireland, Portugal

 

1:31pm GMT

 

Canada's CGI posts loss on Logica acquisition costs

 

1:26pm GMT

 

Storm adds to chaos at troubled Italy steel plant

 

1:22pm GMT

 

Hungary drifts further from IMF deal with FX bond plan

 

IMF 1:21pm GMT

 

Saudi postpones awarding new aviation licenses

 

Aerospace & Defence 1:12pm GMT

 

Bank standards inquiry to question ex-HBOS CEOs

 

UK, 1:04pm GMT

 

UAE buys into BP's UK fields as relations improve

 

1:00pm GMT

 

Talvivaara postpones mining restart

 

12:46pm GMT

 

Shares in Russia's MegaFon fall on market debut

 

3:31pm GMT

 

Greece hires Deutsche, Morgan Stanley for voluntary debt buy back- source

 

12:09pm GMT

 

China certain to hit 7.5 percent 2012 GDP growth target - Commerce Minister

 

12:03pm GMT

 

China should transfer more SOE assets to state pension fund-regulator

 

12:03pm GMT

 

Arsenal chief executive to sit on UEFA Strategy Council

 

11:56am GMT

 

ECB ready for bond purchases if conditions met - Coeure

 

G20 11:43am GMT

 

ECB outlines wide supervisory role, at odds with Germany

 

5:36pm GMT

 

Italy insists steel plant cleanup will go ahead

 

11:30am GMT

 

Thomas Cook says has turned the corner

 

11:23am GMT

 

Euro zone central banks may roll over their Greek bonds - document

 

10:56am GMT

 

China 2012 growth seen at 7.6-7.6 percent - radio citing researcher

 

10:55am GMT

 

UK retailer Comet set to close another 125 stores

 

UK, 10:52am GMT

 

German media lament 'never-ending story' of Greek bailouts

 

10:49am GMT

 

United Utilities boosted by price rises

 

UK, 10:47am GMT

 

Spain's banks must cut branches, bondholders to share losses - EU Commission

 

10:30am GMT

 

Majority of Britons want press watchdog backed by law - poll

 

UK, 10:24am GMT

 

Euro zone bank deposits rise as crisis fears ease

 

10:17am GMT

 

China investment levels excessive, risks are rising - IMF research

 

IMF 10:12am GMT

 

Canada says still examining options on CNOOC bid

 

10:03am GMT

 

Smith & Nephew expands in wound care with U.S. buy

 

9:47am GMT

 

Abu Dhabi firm investing over $1 billion in UK oil fields

 

9:31am GMT

 

Exclusive - Calpers triggers legal fight with bankrupt San Bernardino over pension debt

 

9:28am GMT

 

Vodafone will continue to Verizon dividend - CFO in paper

 

8:29am GMT

 

Daisy Group first-half loss widens

 

7:58am GMT

 

Electra sees deal pick-up ahead as asset values rise

 

7:29am GMT

 

Analysis - Confusing hard and soft power in emerging markets

 

Japan 6:50am GMT

 

Kazakhstan may lift moratorium on mineral licences

 

6:45am GMT

 

ECB's Nowotny says Greek debt deal best option

 

6:25am GMT

 

Indonesia's Bumi Resources says sees 2012 coal production at 75 million tonnes

 

6:09am GMT

 

Analysis - The biggest struggle yet for Citi's repairman

 

6:06am GMT

 

Stocks recover, euro pares loss on Boehner words

 

FXpert, 8:04pm GMT

 

Olam reassures with detailed defence against Muddy Waters

 

5:54am GMT

 

China's banks rush to sell up to $24 billion of sub-debt as new rules loom

 

5:19am GMT

 

As costs climb, Australia resource investment set to slow

 

4:01am GMT

 

Fed's Evans wants more easing, Fisher wants limits

 

2:35am GMT

 

Argentina debt fight is magnet for top U.S. lawyers

 

2:04am GMT

 

Weidmann says parliament decides on use of Bundesbank profit

 

1:35am GMT

 

Pessimism sees borrowing by small firms at near three-year low

 

UK, 12:20am GMT

 

Deutsche Bank faces Libor questions from German lawmakers

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 PM hails debt compromise, public sceptical

 

27 Nov 2012

 

Fitch cuts Argentina's credit rating to near default status

 

27 Nov 2012

 

Exclusive: Banks offer to help Sony offload battery unit - sources

 

Japan 27 Nov 2012

 

Greece, markets satisfied by EU-IMF Greek debt deal | btn_rel_video.gif

 

IMF 27 Nov 2012

 

French jobless total hits 14-year high

 

27 Nov 2012

 

Bankia junior debt holders' loss at least 10 percent - source

 

Spain 27 Nov 2012

 

Three parliaments to vote on Greek debt deal

 

27 Nov 2012

 

Hollande urges Mittal to keep idle furnaces running

 

27 Nov 2012

 

HP rebuffs ex-Autonomy CEO, warns of legal action

 

27 Nov 2012

 

Greek debt deal turns hedge fund trade to gold

 

27 Nov 2012

 

Hungary "further from IMF deal" than a year ago - central banker

 

IMF 27 Nov 2012

 

New BoE chief will face slow recovery - King

 

UK 27 Nov 2012

 

Analysis - Euro zone debt forgiveness lies ahead in Greek mire

 

27 Nov 2012

 

Analysis - Stifel CEO puts reputation on line with KBW buy

 

27 Nov 2012

 

Canada's Carney named as Bank of England chief | btn_rel_video.gif

 

UK, 27 Nov 2012

 

Itau moves Europe investment bank HQ to London

 

27 Nov 2012

 

Merkel ally-sees Bundesbank making ECB Greek profit sacrifice

 

27 Nov 2012

 

French minister denies nationalisations on the way

 

27 Nov 2012

 

Britain's FTSE led up by banks after Greece debt deal

 

FXpert 27 Nov 2012

 

Russia says plans no switch out of euro reserves

 

27 Nov 2012

 

Highlights - BoE officials speak to parliament committee on economy

 

UK 27 Nov 2012

 

BOE'S Weale says inflation a major challenge

 

UK 27 Nov 2012

 

New BoE chief will face slow recovery -King

 

UK 27 Nov 2012

 

New BoE boss to swap Canada growth for UK stagnation

 

UK, 27 Nov 2012

 

BoE's Miles says QE does not bring big inflation risk

 

27 Nov 2012

 

Head of Pearson's FT group to stand down

 

27 Nov 2012

 

Bombardier signs record $7.8 billion deal with VistaJet

 

Aerospace & Defence 27 Nov 2012

 

China car sales to exceed 19 million in 2012 - government

 

27 Nov 2012

 

Capita set to win record council tie-up

 

27 Nov 2012

 

Portugal parliament approves austerity budget

 

27 Nov 2012

 

ConAgra to buy Ralcorp for $5 billion, to be No.1 in store-brand foods

 

27 Nov 2012

 

Timeline - ConAgra finally wins over Ralcorp with $5 billion offer

 

27 Nov 2012

 

Don't delay new bank rules too long, Asia urges Europe

 

27 Nov 2012

 

Polish government okays fiscal law changes, aims at zloty

 

27 Nov 2012

 

Bombardier signs record $7.8 billion deal with VistaJet

 

Aerospace & Defence 27 Nov 2012

 

Germany will back Greek aid but wary of hints at haircut

 

27 Nov 2012

 

German MPs should be briefed on Greek deal before vote - Steinbrueck

 

27 Nov 2012

 

Analysis - Europe's telcos in slow lane as cable takes the tape

 

27 Nov 2012

 

OECD cuts global economic forecasts over euro zone risks

 

27 Nov 2012

 

OECD urges gradual U.S. fiscal tightening to preserve growth

 

27 Nov 2012

 

ConAgra to buy Ralcorp for $5 billion, to be No.1 in store-brand foods

 

27 Nov 2012

 

Germany must veto Greek aid if haircut risk-Merkel ally

 

27 Nov 2012

 

Greece appoints new debt agency chief - source

 

27 Nov 2012

 

BAE shares rise on trader talk of Lockheed interest

 

27 Nov 2012

 

Russia will not switch out of euro reserves - Medvedev

 

27 Nov 2012

 

Falkland Oil hit by well disappointment

 

27 Nov 2012

 

Greek PM hails debt compromise, public sceptical

 

27 Nov 2012

 

Greek surplus would erase German haircut objections - Schaeuble

 

27 Nov 2012

 

Belarus urges IMF to clear way for credit programme

 

IMF 27 Nov 2012

 

German lawmakers to vote on Greek aid on Friday - source

 

27 Nov 2012

 

Egypt must keep steady course for loan review-IMF

 

Egypt, IMF 27 Nov 2012

 

Chemring says 2012 "extremely disappointing"

 

27 Nov 2012

 

Italy's 2-year debt yield falls to lowest since October 2010

 

27 Nov 2012

 

Ericsson sues Samsung for patent infringement

 

27 Nov 2012

 

Germany will back Greek aid but wary of hints at haircut

 

27 Nov 2012

 

Nationwide interested in buying RBS branches

 

27 Nov 2012

 

Ofgem finds E.ON guilty of overcharging customers

 

27 Nov 2012

 

Belarus urges IMF to clear way for credit programme

 

IMF 27 Nov 2012

 

Nationwide takes new £45 million PPI hit

 

27 Nov 2012

 

Mitchells & Butlers gets off to muted start

 

27 Nov 2012

 

Senior German conservative says future Greek haircut illegal

 

27 Nov 2012

 

Standard Chartered names new global head of loan syndications

 

27 Nov 2012

 

Instant View - Q3 GDP up 1 percent q-o-q, down 0.1 percent y-o-y

 

UK 27 Nov 2012

 

Britvic recovering from costly Fruit Shoot recall

 

27 Nov 2012

 

OECD warns against extra austerity measures in Spain

 

Spain 27 Nov 2012

 

OECD sees Greek recovery in 2015, later than expected

 

27 Nov 2012

 

German growth slowing, domestic demand firm - OECD

 

27 Nov 2012

 

Austerity, euro zone crisis to hamper East EU recovery - OECD

 

27 Nov 2012

 

Weak exports to curb China's growth rebound - OECD

 

27 Nov 2012

 

Time to rethink euro zone cutbacks, OECD says

 

27 Nov 2012

 

OECD slashes UK growth forecasts

 

UK, 27 Nov 2012

 

OECD cuts Italy GDP outlook, hikes deficit

 

UK 27 Nov 2012

 

ECB delays implementation of ABS loan data reporting

 

27 Nov 2012

 

British flagship work programme a "miserable failure"

 

UK, David Cameron 27 Nov 2012

 

Standard Chartered names new global head of loan syndications

 

27 Nov 2012

 

Nationwide interested in buying RBS branches

 

27 Nov 2012

 

Europe set to delay bank capital rules as U.S. row simmers

 

27 Nov 2012

 

Remy Cointreau CEO confident in Chinese market

 

27 Nov 2012

 

Swedish finance minister says may need more talks on Greek debt next May

 

27 Nov 2012

 

Severn Trent says price rises offset wet summer

 

27 Nov 2012

 

EU's top court rules ESM fund compatible with EU law

 

27 Nov 2012

 

Basel Committee won't delay January 1 rules implementation - head

 

27 Nov 2012

 

Iberia unions eye strikes during holiday season

 

World 27 Nov 2012

 

Airbus, Boeing launch airliner ad war as rivalry heats up

 

Aerospace & Defence 27 Nov 2012

 

Samsung to ship 19 million Windows 8 computers this year - executive

 

27 Nov 2012

 

Britvic profit hit by costly Fruit Shoot recall

 

27 Nov 2012

 

Analysis - Carney track record holds hints of Bank of England path

 

27 Nov 2012

 

French consumer morale stabilises in November

 

27 Nov 2012

 

Chemring says 2012 performance "extremely disappointing"

 

27 Nov 2012

 

Mitchells & Butlers full-year profit rises

 

27 Nov 2012

 

De La Rue profit up on solutions arm

 

27 Nov 2012

 

Europe set to delay bank capital rules as U.S. row simmers

 

27 Nov 2012

 

Japan's prospective PM keeps up calls for bold BOJ stimulus

 

Japan 27 Nov 2012

 

Subsea 7 wins $360 million Shell contract

 

Norway 27 Nov 2012

 

Vontobel in alliance with ANZ as seeks to grow in Asia

 

27 Nov 2012

 

Exclusive - Egyptian investor seeks to put stamp on Telecom Italia

 

27 Nov 2012

 

Fisker Automotive names ex-GM marketing chief Ewanick to post

 

27 Nov 2012

 

Argentina appeals US court order to pay holdout bond investors

 

G20 27 Nov 2012

 

Britain favours credentials over countrymen for BoE's top job

 

UK 27 Nov 2012

 

Lehman to sell apartment owner Archstone for $6.5 billion

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

28 November 2012 Last updated at 18:41

 

 

BP banned from new US contracts_64440647_64439232.jpg

 

BP is temporarily banned from new US contracts due to a "lack of business integrity" over the Gulf of Mexico disaster, the US environment agency says.

 

 

_64432787_64240091.jpgComet 'could close within weeks'

 

Comet is unlikely to be trading beyond Christmas, the head of the company which wants to buy the insolvent electrical chain's website tells the BBC.

 

 

 

_64438994_64410832.jpgOne in 10 workers underemployed

 

One in 10 of all workers in the UK is unable to work as many hours as they want or need to, an official study of underemployment shows.

 

 

 

 

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

The Hot Gift Is a Tablet, but Which to Buy?

 

By DAVID POGUE 2:26 PM ET

 

There seems to be a different tablet for every man, woman, child and mutant. We offer a rundown on e-readers, tablets and mini-tablets for holiday gift-givers.

timescast_logo.png

 

20121128timescast-custom2.jpgtc-logo-live.png

playbutton_arrow.png

 

University of North Carolina Press

 

 

Free to Be You and Me's 40th Anniversary

 

With a billion birthdays on file, Facebook adds a gift store. | David Pogue reviews tablet computers. | A conversation with the social activist Marlo Thomas of 'Free to Be You and Me.'

 

 

 

 

 

 

 

DealBook

 

U.S. Preparing Civil Fraud Case Against SAC

 

By PETER LATTMAN 33 minutes ago

 

SAC Capital Advisors told investors it had received a so-called Wells notice from the Securities and Exchange Commission, an indication the agency was considering an enforcement action against the hedge fund.

 

DealBook

 

dbpix-sec-thumbStandard.jpg

Contender for S.E.C. Chief Drops Out

 

By BEN PROTESS and SUSANNE CRAIG 12 minutes ago

 

After Mary Miller, a senior Treasury Department official, removed her name from consideration, Sallie L. Krawcheck, a long-time Wall Street executive, has emerged as a potential front-runner to head the Securities and Exchange Commission.

 

29fiscal-thumbStandard-v2.jpg

Obama Again Asks Congress to Keep Tax Cuts for Middle Class

 

By PETER BAKER 30 minutes ago

 

President Obama said that he hoped to resolve a fiscal impasse before Christmas, but that lawmakers should not wait to extend tax cuts for income under $250,000.

 

 

European Commission Bails Out 4 Spanish Banks

 

By RAPHAEL MINDER and JAMES KANTER 2:13 PM ET

 

The payment of 39 billion euros, or $48 billion, approved on Wednesday is conditional on the banks’ laying off thousands of employees and closing offices.

 

 

News Analysis

 

A Bailout by Any Other Name

 

By LANDON THOMAS Jr. 2:09 PM ET

 

Some say the euro zone’s sovereign states will become fiscally responsible only when they truly grasp that Brussels will abide by the founding treaty’s prohibition against countries’ bailing out one another.

 

 

Fed Survey Shows Most Regions Are Improving

 

By THE ASSOCIATED PRESS 27 minutes ago

 

Consumer spending and home sales helped lift economic growth recently in most of the United States, the Federal Reserve said, except the Northeast, which was slowed by Hurricane Sandy.

 

29track-thumbStandard.jpg

Mediator Appointed in ‘Do Not Track’ Efforts

 

By NATASHA SINGER 2:11 PM ET

 

The mediator, a former White House privacy official, will try to bring together the two sides of the rancorous battle over how to let consumers control the collection of their online data.

 

 

 

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

[/url]

 

America bans BP from bidding for government work over Gulf spill

 

macondo_2232723g.jpg

BP has suffered a further blow to its US business after being suspended from bidding for US federal contracts and accused of acting with a “lack of business integrity” over its handling of the Gulf of Mexico oil spill disaster.

32 Comments

 

 

Invensys in shock £1.7bn rail sale

 

rail2_1797616g.jpg

Invensys has shocked the City by announcing the sale of its rail signalling division to Siemens in a deal worth £1.74bn, just £50m less than the entire company is worth.

5 Comments

 

Boris says Google has a PR problem over tax

 

boris-india_2412630g.jpg

Google has a PR problem because it is not paying enough corporation tax, Boris Johnson, the Mayor of London, said on Wednesday.

29 Comments

 

Barclays has fired five workers over Libor

 

Rich-Ricci-barclay_2266097g.jpg

Rich Ricci, one of Barclays' top bankers, told MPs that the bank has fired five out of 13 people "disciplined" over the Libor scandal - but that many had already moved on.

10 Comments

 

Germany is America's new currency villain

 

germany_2412911g.jpg

The US Treasury has issued a damning criticism of Germany’s chronic trade surplus in its annual report on worldwide exchange rate abuse, although it stopped short of labelling the country a currency manipulator.

12 Comments

 

Bankia cuts 6,000 jobs in restructuring

 

bankia_2323770g.jpg

Spain is to overhaul its stricken banking sector after European Union regulators approved restructuring plans, as nationalised Bankia said that it would cut 6,000 jobs and report a loss of around €19bn this year.

3 Comments

Debt crisis: as it happened - November 28, 2012

 

 

 

BoE's Bean says door open for more QE

 

 

 

 

M&S to slash pension deficit funding

 

 

 

 

Comet staff face losing job before Christmas

 

Have we really seen the end of growth?

 

Underemployment is the double-edged sword of a flexible jobs market

 

Francois Hollande shows true colours with threat to nationalise ArcelorMittal

 

It’s the Governor of the Bank of England, not the Second Coming

 

Have we really seen the end of growth?

 

greenshoots_2412957g.jpg

Shutter up the house and prepare for nuclear winter.

Comment

Debt crisis: as it happened - November 28, 2012

 

 

 

 

PMQs: Cameron and Miliband clash over Work Programme

 

 

 

 

Spain to overhaul banking sector as Bankia cuts 6,000 jobs

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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NOW You Noticed? (Student Loans)

I don't know whether the laugh, cry, or wish for (another) hurricane or other natural disaster to destroy the clown-car brigade involved in this intentional, rabid and outrageous assault on our young people.

Payments on 11% of student-loan balances were 90 or more days behind at the end of September, up from 8.9% at the end of June, a rate that now exceeds that for credit cards.
Delinquency rates for all other consumer-debt categories fell or were flat.

Nearly all student loans—93% of them last year—are made directly by the government, which asks little or nothing about borrowers’ ability to repay, or about what sort of education they intend to pursue.

The government doesn't care if you can pay. All they care about is making sure that the banks and colleges get to screw you, and if they can manage to get you to "volunteer" for that screwing, so much the better.

 

Coming to the UK soon....

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

Where Is THAT ($1.7 - $10.2 Trillion) Going To Come From?

Gee, who's been talking about uncollateralized lending and the inherent fraud that is created by such transactions in that they are effectively a naked short on the currency involved? whistling.gif

Swaps that will be allowed to remain outside clearinghouses when new rules take effect in 2013 will require traders to post $1.7 trillion to $10.2 trillion in margin, according to a report by an industry group.

The analysis from the International Swaps and Derivatives Association, using data sent in anonymously by banks, says the trillions of dollars in cash or securities will be needed in the form of so-called "initial margin." Margin is the collateral that traders need to put up to back their positions, and initial margin is money backing trades on day one, as opposed to variation margin posted over the life of a trade as it fluctuates in value.

This, my friends, is the amount of margin in the amount of actual hard funds that is supposed to be tied up in the form of collateral to back these bets but currently is not.

 

I'm sure it will be fine.......

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

Oh, About Those Unfunded Liabilities

 

In the duh department we have this:

The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP.
For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion.
Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.

Did you get that?

The entire economy is $15 trillion.

 

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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Richmond Fed: +9; A Corner Or?

From Richmond:

Manufacturing activity in the central Atlantic region advanced moderately in November following a slight pullback in October, according to the Richmond Fed’s latest survey. All broad indicators—shipments, new orders and employment—landed in positive territory. Other indicators were mixed, however. Capacity utilization was virtually unchanged, while backlogs fell further from its October reading. Moreover, the gauge for delivery times steadied, while finished goods inventories grew at a slightly quicker pace and growth in raw materials edged lower.

Hmmm... what does the internal set of data tell us about these numbers?

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.

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Share on other sites

Aston Martin holds talks with investors

 

29 November 2012 10:50 PM

Sports car maker Aston Martin yesterday admitted it is in "advanced" talks with potential investors, but its current owners have ruled out a sale of the business.

 

 

 

More to face the axe at Direct Line

 

29 November 2012 10:50 PM

Direct Line may shed a further 236 staff as it chases cost savings of £100m by the end of 2014.

 

 

 

Sales rise in November beats forecasts

 

29 November 2012 10:50 PM

Retail sales rose this month at the fastest pace since June, according to the CBI. The reported sales balance in the monthly survey rose to positive 33 per cent in November from 30 per cent in October, beating forecasts for a reading of 18 per cent.

 

 

 

Scots sign deal for easyJet flights

 

29 November 2012 10:50 PM

Scottish parliamentarians and the other 580,000 public-sector workers in Scotland will be flying easyJet after the budget airline signed a travel deal in the country.

 

 

 

Hogg Robinson sees trip restrictions

 

29 November 2012 10:50 PM

Cost-cutting bosses are imposing tougher travel restrictions on staff, Hogg Robinson said.

 

 

 

Kingfisher boss criticises 'clunky' youth employment plan

 

29 November 2012 10:50 PM

The chief executive of B&Q-owner Kingfisher has criticised a government plan to get young people back into work as being “too clunky” and called on Chancellor, George Osborne, to help get first-time buyers onto the property ladder in next week’s Autumn Statement.

 

 

 

Five-F success for Marston's

 

29 November 2012 10:50 PM

Brewer Marston's five-F plan, focusing on food, families, females and forty/fiftysomethings, is paying off with another strong rise in annual profits.

 

 

 

Monitise seeks £100m to ride on tech wave

 

29 November 2012 10:50 PM

Fast-growing mobile payments company Monitise plans to tap the London stock market for up to £100 million in fresh funds in its seventh and largest fundraising.

 

 

 

Victoria on the floor as it dives into the red after board coup

 

29 November 2012 10:50 PM

The new chairman of Victoria yesterday outlined the struggles facing the company that made the red carpet at last year's Royal Wedding, as it posted a half-year loss of £700,000.

 

 

 

Accountant Ernst & Young to be sued over Anglo Irish Bank collapse

 

29 November 2012 10:50 PM

Accounting giant Ernst & Young is to be sued over the collapse of Anglo Irish Bank in 2009.

 

 

 

Banks told to raise up to £60bn in new capital

 

29 November 2012 10:50 PM

Britain's largest banks have been told by their regulators that they must raise up to £60bn more capital to cover likely losses from bad loans, fines for misconduct and overly aggressive accounting practices.

 

 

 

Dixons shrugs off disruption from collapse of Comet

 

29 November 2012 10:50 PM

Dixons Retail, the owner of Currys and PC World, said it has not seen "much disruption" from the stock liquidation at failed rival Comet, as its UK business returned to profit for the first time in five years.

 

 

 

Rio Tinto's spending cuts put mining in a deeper hole

 

29 November 2012 10:50 PM

The mining industry’s prospects deteriorated further today after Rio Tinto said a lethal cocktail of rising costs and falling prices would force it to cut spending by $7 billion (£4.4 billion) over the next two years and warned of further writedowns on its aluminium business.

 

 

 

Supermarkets sign special-offer code

 

29 November 2012 09:20 PM

Eight leading supermarkets have signed up to a set of principles to ensure that shoppers are not misled by claims on special offers.

 

 

 

french-afp.jpg

Mittal told: sell French plant or see it nationalised

 

29 November 2012 06:38 PM

Left-wing fury at British billionaire's plan to break up €400m site

US bans BP from pitching for new government work

 

29 November 2012 12:00 AM

Oil giant is punished for its 'lack of business integrity' over the Gulf of Mexico oil disaster in 2010

 

 

 

CBI in pension tax relief warning

 

28 November 2012 09:30 PM

Chancellor George Osborne has been urged not to slash tax relief on pension contributions.

 

 

 

Administrator set to close more Comet stores as jobs toll rises

 

28 November 2012 09:30 PM

The administrator to Comet has confirmed that it plans to close a further 125 stores over the coming weeks, which means that most of the failed electricals chain's 6,600 staff will have lost their jobs by Christmas.

 

 

 

Esure on the flotation trail, says Electra

 

28 November 2012 09:30 PM

Motor insurer esure is looking at a stock-market flotation early next year, one of its main shareholders confirmed yesterday.

 

 

 

Mortgages loans rise 5 per cent in October

 

28 November 2012 09:30 PM

Mortgage loans hit their highest level since January last month as approvals for house purchases rose 5 per cent to 52,982.

 

 

 

Smith & Nephew moves into wound care with £488m buy

 

28 November 2012 09:30 PM

Smith & Nephew today spent $782 million (£488 million) buying its way into the fast-growing wound-care market, acquiring a business whose products include an ointment that removes dead tissue from injuries.

 

 

 

Five staff sacked by Barclays following Libor-fixing scandal

 

28 November 2012 09:30 PM

Barclays yesterday said five employees had been sacked as a result of the Libor-fixing scandal which landed the bank with a £290m fine and cost its chairman and chief executive their jobs.

 

 

 

Gatwick profit trebles after it puts on new Asian routes

 

28 November 2012 09:30 PM

New routes to Russia, Korea and China helped Gatwick airport fly almost 20 million passengers in the six months to October, sending underlying earnings up 4.8% to £172 million.

 

 

 

Eurozone borrowing lift for Spain as it rejigs banks

 

28 November 2012 09:30 PM

The Spanish government's borrowing costs fell yesterday after the European Commission approved a plan by Madrid to restructure its ailing banking sector.

 

 

 

thomascook.jpg

Thomas Cook reports £17m loss after disastrous attempt to cash in on London 2012

 

28 November 2012 12:41 PM

Thomas Cook has revealed an unwelcome Olympics legacy: a £17m hole in its accounts after a disastrous attempt to cash in on London 2012.

 

 

 

v2-Pg-53-comet-charlie.jpg

125 more Comet stores to close

 

28 November 2012 11:36 AM

Staff at stricken electricals chain Comet were dealt a pre-Christmas blow today after administrators announced a further 125 stores will close.

 

 

 

Gatwick reports rise in profits

 

28 November 2012 10:03 AM

A busy holiday airport has announced increased half-yearly profits.

 

 

 

OECD urges eurozone to put brake on deficit cuts if outlook worsens

 

28 November 2012 12:00 AM

Eurozone nations should be prepared to ease up on deficit reductions to avoid pushing the single currency area into a deeper slump, the Organisation for Economic Co-operation and Development argued yesterday.

 

 

 

Buffett tips Dimon for US Treasury

 

28 November 2012 12:00 AM

A re-elected President Barack Obama should pick up the phone to JP Morgan's chief executive, Jamie Dimon, as the best man to lead the US Treasury through a financial crisis, Warren Buffett, the Sage of Omaha, declared yesterday.

 

 

 

De La Rue's passport to a profits boost

 

28 November 2012 12:00 AM

De La Rue, the banknote printer, enjoyed a 9 per cent rise in underlying, pre-tax profit growth to £31.5m in the first half, mainly thanks to its "solutions" business which makes British passports.

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

Severn taps into a price-rise boost

 

28 November 2012 12:00 AM

The cold, wet summer meant no need for extra watering on farms or gardens, sending Severn Trent's water consumption down nearly 3 per cent in the six months to October.

 

 

 

Explain yourself, Autonomy founder tells HP over 'impropriety' claim

 

28 November 2012 12:00 AM

Autonomy founder Mike Lynch last night stepped up his battle with Silicon Valley giant Hewlett-Packard, demanding that the company divulge details of its allegations against him, a week after it went public with claims of financial impropriety.

 

 

 

MPC got it wrong on growth, King admits

 

28 November 2012 12:00 AM

The Bank of England's Monetary Policy Committee was too slow to lower its growth forecasts to reflect the deteriorating outlook for the UK, Sir Mervyn King said yesterday, as an independent think-tank predicted that the British economy would expand by just 0.9 per cent next year.

 

 

 

E.On forced to hand back £1.7m after overcharging

 

28 November 2012 12:00 AM

Energy supplier E.ON has been forced to hand over £1.7m to customers after it was caught overcharging.

 

 

 

OECD urges eurozone to put brake on deficit cuts if outlook worsens

 

28 November 2012 12:00 AM

Eurozone nations should be prepared to ease up on deficit reductions to avoid pushing the single currency area into a deeper slump, the Organisation for Economic Co-operation and Development argued yesterday.

 

 

 

Buffett tips Dimon for US Treasury

 

28 November 2012 12:00 AM

A re-elected President Barack Obama should pick up the phone to JP Morgan's chief executive, Jamie Dimon, as the best man to lead the US Treasury through a financial crisis, Warren Buffett, the Sage of Omaha, declared yesterday.

 

 

 

De La Rue's passport to a profits boost

 

28 November 2012 12:00 AM

De La Rue, the banknote printer, enjoyed a 9 per cent rise in underlying, pre-tax profit growth to £31.5m in the first half, mainly thanks to its "solutions" business which makes British passports.

 

 

 

Britvic is hurt by recall of Fruit Shoot

 

28 November 2012 12:00 AM

Profits have tumbled at Britvic, the maker of the Robinsons brand, after it suffered a hit from the recall of its Fruit Shoot children's drink and the wet summer weather in the UK.

 

 

 

Nationwide hands out £10bn as loans boom

 

28 November 2012 12:00 AM

The UK's biggest mutual said yesterday the Bank of England's Funding for Lending initiative had helped finance a boom in mortgage lending – but also warned of the damaging impact on savers.

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
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