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    • Thank you Dave. I've had nothing from Booking.com, just a message via the site from the host. I know I need to check my bank account, just trying to resolve some technical issues. HB  
    • Which Court have you received the claim from ? Civil National Business Centre   Name of the Claimant ? JC INTERNATIONAL AQUISITION   How many defendant's  joint or self ? Self   Date of issue – top right hand corner of the claim form – this in order to establish the time line you need to adhere to. 22 May 2024   Particulars of Claim   What is the claim for – the reason they have issued the claim? The def owes the claimant £300 in respect of gas and electricity charges supplied by OVO. Debt was assigned to the claimant with notice given to the def. Despite formal demand the def has failed to pay the debt and the claimant claims £300  and further claims interest pursuant to s69 of the CCA 1984.   What is the total value of the claim? £385   Have you received prior notice of a claim being issued pursuant to paragraph 3 of the PAPDC (Pre Action Protocol) ? Yes   Have you changed your address since the time at which the debt referred to in the claim was allegedly incurred? No   Is the claim for - a Bank Account (Overdraft) or credit card or loan or catalogue or mobile phone account? Energy debt   When did you enter into the original agreement before or after April 2007 ? After   Do you recall how you entered into the agreement...On line /In branch/By post ? Moved home and they were the current energy supplier    Is the debt showing on your credit reference files (Experian/Equifax/Etc...) ? No   Has the claim been issued by the original creditor or was the account assigned and it is the Debt purchaser who has issued the claim. Debt assigned to JC International   Were you aware the account had been assigned – did you receive a Notice of Assignment? Not sure probably  Did you receive a Default Notice from the original creditor? Again can't remember but probably    Have you been receiving statutory notices headed “Notice of Sums in Arrears”  or " Notice of Arrears "– at least once a year ? No   Why did you cease payments? Changed supplier   What was the date of your last payment? Never    Was there a dispute with the original creditor that remains unresolved? No   Did you communicate any financial problems to the original creditor and make any attempt to enter into a debt management plan? No  
    • Their FAQs state - Cancellations and modifications If your booking has been cancelled, Booking.com refunds you immediately. The processing time may take 7 to 10 days and depends on your bank. If you have questions, contact your bank directly. I'm a regular Booking.com and AirBnB user.  The former have never cancelled.  The latter have and my money was refunded immediately (not that that helps you as we're not talking about AirBnB!) Best to check with your bank and see (a) if you did pay in advance and (b) if it has been refunded. Also, have you received a message from Booking.com officially stating the cancellation?
    • I'm not up to date with the Legal Aid rules but I'm not sure that many people qualify. HB
    • You question timescales a bit in thread - From my experience, defaulting everything and ignoring all non PAP letters, while making no payments: - 18 months to LOC - further 18 months to be at court Most are still silent 3 years in though!. If making token payments, court, if ever would be 4-5-6 years from now - Hope that helps. My debt is similar, I started it 2021 and wouldn't believe I'm already over half way through default period. You need to make the decisions but follow advice already given in this thread, and you will be fine. Best time to plant a tree was yesterday, second best time is today. Good luck BT  
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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.

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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 interest rate rip off part 8


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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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Sterling slips in response to Britain’s AAA downgrade

 

25 February 2013 07:28 PM

The pound suffered a rocky day in global foreign exchange markets today as European traders responded to the decision of the credit rating agency Moody’s late last week to strip the UK of its AAA credit rating.

 

 

 

Waitrose climbs on board 'drive through' grocery bandwagon

 

25 February 2013 12:49 AM

Waitrose is ramping up its "click and collect" operation for online groceries with its first drive-through service in car parks from next month, as part of a multimillion-pound investment.

 

 

 

Stop ministers seeing official stats early – MPs

 

25 February 2013 12:49 AM

Ministers should no longer be allowed privileged early access to official statistics, a Commons Committee argues today.

 

 

 

Fifth of British public are failing to save any money

 

25 February 2013 12:49 AM

One in five people have no savings, a report reveals today. It warns that millions are living on a financial precipice, struggling amid government cutbacks and inflationary pressures and at risk of being tipped into debt woes by just a small emergency.

 

 

 

Pearson to swing the jobs axe after plunge in profits

 

25 February 2013 02:55 PM

Education giant Pearson will make major job cuts after new chief executive John Fallon today admitted annual profits slumped 59% but insisted, in the strongest terms yet, that the Financial Times is not for sale.

 

 

 

BP could face record fine at start of Gulf oil disaster trial

 

25 February 2013 02:54 PM

BP today faced the start of a trial over its 2010 Gulf of Mexico oil blow-out disaster which could end up with the largest civil fine in history.

 

 

 

City refuses to panic over the loss of UK's AAA credit rating

 

25 February 2013 11:28 AM

The City refused to panic over the loss of the UK’s AAA rating today as shares headed higher and sterling avoided a major sell-off.

 

 

 

What the Sunday papers said

 

25 February 2013 12:49 AM

The Independent on Sunday: Google seeks to steal a march on rivals with new ad strategy

 

 

 

RBS to offload US banking business

 

25 February 2013 12:49 AM

The Royal Bank of Scotland is planning to cave in to the demands of its regulator and outline plans to put its American retail arm, Citizens, on the market next week.

 

 

 

Weak three months for services firms, says CBI

 

25 February 2013 12:49 AM

Services firms had three months to forget between December and February, according to the latest survey by the CBI.

 

 

 

Markets set for sterling sell-off after AAA setback for Britain

 

25 February 2013 12:49 AM

Analysts expect pound to weaken against dollar and euro in response to Moody's decision

 

 

 

Marks & Spencer suffers fashion sales slump

 

24 February 2013 03:59 PM

Marks & Spencer failed to pull in new year sales shoppers, with reports suggesting it lost ground to rivals Primark and Zara.

 

 

 

New fears for pound after UK's credit rating drops

 

24 February 2013 01:46 PM

Sterling is expected to come under pressure tomorrow following the loss of Britain's gold-plated AAA credit rating.

 

 

 

Vince Cable plays down loss of prized AAA rating

 

24 February 2013 01:37 PM

Vince Cable dismissed the loss of Britain's prized AAA credit rating as “background noise” today.

 

 

 

RBS defiant over £300m bonus pot

 

24 February 2013 12:00 AM

The state-owned bank claims it has to keep its investment bankers ahead of a share giveaway

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

German economy to return to growth in Q1 - ECB's Asmussen

 

7:33pm GMT

 

Moody's downgrade adds to investor swing away from pound

 

David Cameron 6:55pm GMT

 

Arsenal announce $27 million pretax profit

 

Sports, 6:47pm GMT

 

Carney - rebuilding trust in financial system needs more work

 

G20 6:38pm GMT

 

Highlights - Bank of Canada's Carney speaks in London, Ontario

 

6:38pm GMT

 

Tesco says to close depot, relocate workers

 

UK, 6:27pm GMT

 

IKEA takes meatballs off Europe menus after horsemeat found

 

6:24pm GMT

 

Sterling falls, bruised by UK credit rating downgrade | btn_rel_video.gif

 

FXpert 6:21pm GMT

 

UK banks shrug off sovereign credit downgrade

 

6:20pm GMT

 

Yum cutting some supplier ties after China food scare

 

5:55pm GMT

 

Vodafone says can invest in Europe without Verizon sale

 

5:31pm GMT

 

FTSE tempers gains on Italian election uncertainty

 

FXpert 5:19pm GMT

 

BP execs should answer for Gulf of Mexico spill - lawyer

 

4:56pm GMT

 

Osborne says Britain, along with G7, not targeting forex levels

 

4:31pm GMT

 

Osborne says markets not losing faith in economic policy

 

4:26pm GMT

 

Barclays may seek shareholder approval for more CoCos

 

4:10pm GMT

 

MasterCard aims at mobile payment market with launch of 'digital wallet'

 

3:58pm GMT

 

ECB's Weidmann warns of inflation if central banks do too much

 

3:37pm GMT

 

Dutch Council of State approves SNS Reaal nationalisation

 

3:35pm GMT

 

IKEA takes meatballs off Europe menus after horsemeat found | btn_rel_video.gif

 

7:21pm GMT

 

Investors face two sets of rules for banks' loan losses

 

2:35pm GMT

 

Ireland agrees to extend key public-sector pay deal

 

2:12pm GMT

 

Reckitt loses U.S. bid to block generic heroin addict drug

 

1:29pm GMT

 

Vodafone can invest in Europe without Verizon sale, says CEO

 

12:58pm GMT

 

IKEA says horse meatballs went on sale in several European countries

 

12:47pm GMT

 

Britain says will stick to deficit plan after downgrade

 

12:36pm GMT

 

BBA approves Libor handover

 

12:33pm GMT

 

Ireland reaches agreement on key public-sector pay deal

 

12:23pm GMT

 

IKEA halts meatball sale in Italy after horsemeat report

 

12:07pm GMT

 

Japan seen nominating "deflation basher" as BOJ head - sources

 

Japan 12:04pm GMT

 

Senior Plc sees close to 10 percent sales growth, shares up

 

Aerospace & Defence 12:00pm GMT

 

Pearson to restructure as growth proves elusive

 

11:47am GMT

 

IKEA stops meatball sales in Sweden after horsemeat report - media

 

11:30am GMT

 

Iran central bank sees rising inflation as sanctions hit output

 

11:28am GMT

 

German finance minister will not be pushed on Cyprus deal - spokesman

 

11:18am GMT

 

Primark's cheap fashions keep driving AB Foods profits

 

10:59am GMT

 

Japan to raise $10 billion through Japan Tobacco share sale

 

Japan 10:53am GMT

 

Bad weather hampers Domino's Pizza after strong 2012

 

10:14am GMT

 

Insurer Hiscox plans 200 million pound capital return

 

10:05am GMT

 

3i's U.S. debt management arm raises $500 million fund

 

9:46am GMT

 

EU gamble risks killing UK's "golden goose" - Mandelson

 

UK, Gordon Brown, David Cameron 2:07pm GMT

 

EU's Rehn urges Ireland to stick to fiscal targets

 

9:24am GMT

 

Absa minority shareholders back Barclays Africa deal

 

Africa 8:47am GMT

 

Pearson sees 2013 flat, begins restructuring plan

 

8:32am GMT

 

Pearson CEO says Financial Times is not for sale

 

8:32am GMT

 

Persimmon year profit up, makes strong start to 2013

 

8:00am GMT

 

Credit Agricole to cut 1,400 jobs in 2013 -paper

 

7:56am GMT

 

Thorntons first-half pretax profit jumps on higher commercial sales

 

7:44am GMT

 

Fire raises questions about future of Daw Mill coal mine

 

7:38am GMT

 

Stocks, euro fall on Italy outcome worries

 

FXpert 5:35pm GMT

 

Banks wary as FSA targets "gaming" of risk weights

 

6:59am GMT

 

Insight - Cancer drugs proving worth earlier in testing

 

6:40am GMT

 

Budget cuts to restrain U.S. growth in 2013 - survey

 

5:14am GMT

 

Apple signals emerging-market rethink with India push

 

8:57am GMT

 

Japan academic Iwata: been sounded out to be deputy BOJ governor

 

Japan 2:37am GMT

 

Factbox - Five facts on Kikuo Iwata, possible BOJ Deputy Governor

 

Japan 2:17am GMT

 

Abe's nominees suggest split leadership for split board

 

Japan 3:05pm GMT

 

China's February HSBC flash PMI retreats from two-year high

 

1:50am GMT

 

Barnes & Noble chairman may bid for company's bookstores - WSJ

 

12:48am GMT

 

UK economy to take 2013 oil hit before North Sea recovery

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

25 February 2013 Last updated at 18:29

 

 

Pound under pressure after AAA cut_66052095_lqcgiseu.jpg

 

The pound remains under pressure in the wake of Moody's decision to deprive the UK of its top-notch AAA credit rating.

 

 

_66026968_ymgphwhl.jpgBP prioritised 'profits over safety'

 

On the first day of a trial in New Orleans to determine who should pay for the 2010 Deepwater Horizon oil spill, BP is accused of having put profits before safety.

 

 

_66063069_chelsea.jpgBT agrees to buy ESPN channels

 

BT agrees to buy ESPN's UK and Ireland TV channels and its live rights to show FA Cup, Scottish Premier League and Uefa Europa League matches.

 

 

 

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

How Will 2 Magazine Titans Merge? Carefully

 

By CHRISTINE HAUGHNEY 1:07 PM ET

 

 

Time Inc. and Meredith, whose corporate cultures have already proved sharply discordant once, are creating a new company to house their magazine titles.

 

 

 

25mag-sfSpan.jpg

Mary Chind/The Des Moines Register

 

Meredith, a magazine company, is headquartered in Des Moines.

 

 

 

 

 

 

 

DealBook

 

What Barnes & Noble’s Retail Arm Might Be Worth

 

By MICHAEL J. DE LA MERCED

 

Now that Barnes & Noble’s chairman is planning to bid for the retailer’s physical stores, how much will he pay? According to some analysts, maybe not all that much.

 

Ikea Withdraws Meatballs After Horse Meat Is Found

 

By STEPHEN CASTLE 9:21 AM ET

 

The Swedish retailing giant said it pulled the popular items from 14 European countries after Czech authorities detected horse meat in products labeled beef and pork.

 

Herald Tribune to Be Renamed The International New York Times

 

By CHRISTINE HAUGHNEY 12:09 PM ET

 

The New York Times Company said it was planning to rename The International Herald Tribune, its 125-year-old newspaper based in Paris, and would also unveil a new Web site for international audiences.

 

sub2Twitter-thumbStandard.jpg

Twitter Hackings Put Focus on Security for Brands

 

By TANZINA VEGA and NICOLE PERLROTH

 

With attacks on the Twitter accounts of Burger King, Jeep and others, the site’s relatively lax security is a concern.

 

BP Trial Opens, With Possible Deal in Background

 

By CLIFFORD KRAUSS and BARRY MEIER 11:54 AM ET

 

The long-awaited civil trial against BP and its contractors stemming from the 2010 explosion of a drilling rig began Monday, even as settlement talks appeared to intensify.

 

 

NBC-thumbStandard.jpg

In Turnabout, NBC Prime Time Lands in the Cellar

 

By BILL CARTER 1:24 PM ET

 

As sweeps month nears its end, the network is struggling to recover from an embarrassing and potentially costly ratings plunge.

 

SAFETY-thumbStandard.jpg

Lack of Backup Power Puts Cruise Passengers at the Ocean’s Mercy

 

By BARRY MEIER and JOHN SCHWARTZ 10:49 AM ET

 

Nearly all cruise ships lack backup systems to help a ship return to port should power fail because to install them would have cost operators more money.

 

Bundesbank President Says France Needs to Control Its Deficit

 

By JACK EWING 1:42 PM ET

 

Jens Weidmann was the latest prominent European to lecture the increasingly defensive French on how they should manage their economy.

 

Media Decoder

 

Glenn Beck Begins Campaign to Urge TV Systems to Add His Web Channel

 

By BRIAN STELTER 1:11 PM ET

 

Glenn Beck wants fans to help get TheBlaze, his Internet channel, added to cable and satellite television systems across the country.

 

25boj-thumbStandard.jpg

Bank of Japan to Get a Critic as Its New Chief

 

By HIROKO TABUCHI 8:56 AM ET

 

Haruhiko Kuroda, head of the Asian Development Bank and an advocate of bold measures to fight deflation, is said to be Prime Minister Shinzo Abe’s choice to head the Japanese central bank.

 

DealBook

 

Japan Plans to Sell $10 Billion Stake in Cigarette Firm

 

By HIROKO TABUCHI

 

The Japanese government is set to loosen its grip on Japan Tobacco, the world’s third-largest tobacco company, by selling a third of its stake.

 

 

 

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

Osborne says easing austerity will mean more downgrades for Britain

 

george-osborne_1955159g.jpg

The Chancellor told MPs that relaxing austerity now would mean further downgrades from credit agencies as he stand firm on his plan to cut the country's massive deficit.

Moody’s might have done us a favour by cutting AAA rating

 

 

Osborne: we won't change course

 

 

Osborne needs to 'develop' his economic plan, Tory MP warns

 

 

Carney: banks' time for remorse is not over

 

reuters_2475118g.jpg

Banks must do more to regain public trust, including more radical reform to the way they run their businesses, according to Mark Carney, the incoming Governor of the Bank of England.

Comments

 

BP executives attacked as Gulf trial begins

 

bp-spill-trial_2492121g.jpg

BP executives more focused on cost-cutting and oil production than safety should be held responsible for the Deepwater Horizon disaster in the Gulf of Mexico in 2010, a lawyer told a courtroom on Monday.

Comments

 

BT ups ante against BSkyB with ESPN deal

 

pr_2316589g.jpg

Telecoms giant BT has bought a slew of American, UK and Irish sports channels from broadcaster ESPN, handing it a new battery of weapons in its escalating war with rival BSkyB.

Comments

 

Chancellor grilled on banking standards

 

city-of-london_2130170g.jpg

The Chancellor tells the Parliamentary Commission on Banking Standards that the "impairment" of the financial system has had a "significant impact" on the UK economic recovery.

Comments

 

Italian shares retreat as Berlusconi pulls ahead

 

italy-mib_2492234g.jpg

Italy's MIB index rose 4pc at one stage on hopes that Bersani would win the election but tumbled after reports that Berlusconi was leading the race for the Senate.

Comments

 

British high street will 'regenerate'

 

The death of the high street has been greatly exaggerated, according to Primark’s owner Associated British Foods, as it reported surging sales of its budget fashion ranges.

Trade protectionism looms next as central banks exhaust QE

 

Value of money slides 30pc as cost of goods rockets

 

summ_2492083f.jpg

Three-fold rise in prices means you need £299 today to have equivalent purchasing power of £100 in 1982.

Moody’s might have done us a favour by cutting UK’s AAA rating

 

Osborne_2492471g.jpg

It was always asking for trouble to place organisations as discredited as the credit rating agencies at the heart of Britain’s economic policy.

Comments

Osborne: we won't change course

 

 

 

 

Value of money slides 30pc in 30 years

 

 

 

 

Live: Osborne questioned on downgrade

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

Wall Street cash bonuses rose in 2012 - New York comptroller

 

8:00pm GMT

 

Cablevision sues Viacom for making it pay for low-rated networks

 

7:54pm GMT

 

Royalty Pharma to go to Elan shareholders with $6.6 billion offer - source

 

7:43pm GMT

 

Exclusive - Juniper mulls next move after asset sale talks falter: sources

 

7:17pm GMT

 

Bernanke says Fed stimulus benefits clear, budget cuts a risk

 

7:15pm GMT

 

Fed kept discount rates steady despite calls for change

 

7:15pm GMT

 

First spill trial witness - BP put cost cuts over safety

 

Gulf Oil Spill 7:11pm GMT

 

Four Spanish lenders set to pass properties to bad bank

 

Spain 6:59pm GMT

 

BoE's Tucker open to more bond-buying and weaker pound

 

UK 6:37pm GMT

 

Government re-appoints Haldane to Financial Policy Committee

 

UK 6:34pm GMT

 

Bank of England's Fisher urges "prolonged run" of bond buying

 

UK 6:34pm GMT

 

Ireland to remove bank deposit guarantee from end-March

 

IMF 6:29pm GMT

 

Europe needs consistent telco regulation - Kroes

 

6:05pm GMT

 

EU to approve Rosneft, TNK-BP deal next week - source

 

5:34pm GMT

 

Ireland says will stay on bailout exit track regardless of Italy uncertainty

 

5:26pm GMT

 

FTSE at 2-1/2 week closing low on Italy election stalemate

 

FXpert 5:07pm GMT

 

Analysis - EU rebuff won't free Aer Lingus from Ryanair grip

 

3:45pm GMT

 

"Che casino!": Italy's mess dismays business

 

World, 6:03pm GMT

 

Insurers seek to head off criticism over annuities

 

UK, 2:27pm GMT

 

Portugal opposition chief demands renegotiation of bailout

 

2:23pm GMT

 

EU watchdog worries about how banks add up risks

 

2:13pm GMT

 

Bailey urges EU restraint on bank bonus caps

 

2:13pm GMT

 

JPMorgan Chase to cut up to 4,000 jobs in 2013

 

1:53pm GMT

 

Four Spanish lenders ready asset transfer to 'bad bank'

 

Spain 1:47pm GMT

 

Europe needs consistent telco regulation to thrive - Kroes

 

1:37pm GMT

 

BoE officials speak to MPs

 

UK 12:50pm GMT

 

Germany wants US-EU trade zone negotiations to begin in summer

 

12:00pm GMT

 

Monetary policy should be conducted for domestic reasons - BOE's King

 

11:34am GMT

 

UK CBI February retail sales index weakest since September

 

UK 11:26am GMT

 

CBI February retail sales index weakest since September

 

11:04am GMT

 

Whitbread sees more competition in 2013 as growth slows

 

10:42am GMT

 

Parts maker GKN sees no recovery in European car demand

 

Aerospace & Defence 10:42am GMT

 

BoE's Tucker says open to possibility of more QE

 

10:38am GMT

 

Government said it will present BOJ candidates on Thursday - Japan DPJ lawmaker

 

Japan 9:44am GMT

 

Mizuho hunting for banking assets in Asia, U.S

 

Japan 9:09am GMT

 

Provident Financial profit boosted by Vanquis growth

 

9:00am GMT

 

Chief executive quits as Alitalia falls further into red

 

Aerospace & Defence 8:49am GMT

 

Redrow "cautiously optimistic" on continued growth

 

8:14am GMT

 

India to put investors before voters in election-year budget

 

8:07am GMT

 

Croda's profit rises on strong consumer care sales

 

8:03am GMT

 

Rabobank faces fine of over $440 million for rate rigging - report

 

8:03am GMT

 

CRH profit slips three percent as euro zone falters

 

7:57am GMT

 

Hiscox unveils special dividend scheme after bumper 2012

 

7:44am GMT

 

Devro says full-year profit falls, sees input prices to continue rising

 

7:31am GMT

 

Exclusive: Carlyle prepares to sell Arinc, hires banks - sources

 

Aerospace & Defence 7:23am GMT

 

Nestle buys U.S. medical foods firm Pamlab

 

6:49am GMT

 

Italy vote hits European markets; U.S. stocks up

 

FXpert 6:09pm GMT

 

BOJ on campaign trail to promote cheap loan scheme

 

Japan 6:00am GMT

 

Bernanke to face Fed critics in testimony to Congress

 

5:05am GMT

 

Leasing firm Avolon urges Airbus, Boeing output discipline

 

Aerospace & Defence 2:14am GMT

 

Exclusive - Goldman to begin fresh round of job cuts: sources

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.

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26 February 2013 Last updated at 19:16

 

 

Negative rate 'should be considered'_66082180_66079928.jpg

 

Bank of England deputy governor Paul Tucker says the "extraordinary" move of introducing negative interest rates should be considered.

 

 

_66076040_66074029.jpgMarkets hurt by Italian deadlock

 

European markets are trading lower, as the inconclusive election result in Italy leads to fears of renewed uncertainty in the eurozone.

 

 

 

_66088527_66088485.jpgUS shows signs of stronger recovery

 

The US economy registers surprisingly strong consumer confidence and new home sales data, suggesting the recovery is gathering steam.

 

 

 

 

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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Bank of England mulls negative interest rates

 

26 February 2013 06:23 PM

Deputy Governor floats plan that could mean new charges for customers

 

 

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Crisis trails in Silvio Berlusconi’s wake after inconclusive election result

 

26 February 2013 06:41 PM

Markets plummet and borrowing costs rise as Italian election fails to provide a clear winner

 

 

 

Record profits but Domino's sales flounder in snow

 

26 February 2013 12:00 AM

The City went cool on Domino's Pizza even as it posted record annual profits yesterday, as its more recent sales succumbed to the snow that hit the UK last month.

 

 

 

Thorntons bites back at critics of slow closures pace

 

26 February 2013 12:00 AM

Thorntons mounted a robust defence of its strategy yesterday following criticism by an activist investor over the weekend about the slow pace of the chocolatier's store closure programme.

 

 

 

Reckitt Benckiser hurt as rivals steal heroin march

 

26 February 2013 12:00 AM

Shares in Reckitt Benckiser took a tumble yesterday on news that its competitors will be able to make heroin-dependency drugs to compete with the consumer goods group.

 

 

 

Black cab maker to take on 100 staff and restart output under new Chinese owner

 

26 February 2013 12:00 AM

The maker of London's black cabs, which was rescued from administration by the Chinese car company Geely, is to double its workforce as it aims to restart production of the taxis in a matter of months.

 

 

 

Q&A: So what is a 'negative interest rate?'

 

26 February 2013 06:30 PM

Usually people have to make regular interest payments to their lenders when they borrow money. Under a system of negative interest rates this relationship would be turned on its head and the lender would pay the borrower for the privilege of lending.

 

 

 

Pay freezes and frozen streets hurts grocery sales

 

26 February 2013 03:01 PM

A toxic mix of pay freezes, poor weather and high inflation were blamed today for the latest signs of a flagging High Street.

 

 

 

New turmoil in eurozone sparks worldwide sell-off

 

26 February 2013 02:58 PM

Fear stalked markets today as the prospect of political gridlock in Italy and panic over a new phase in the eurozone crisis triggered a global sell-off.

 

 

 

Ofcom clips BT's wings as it proposes tough regulations for high-speed data

 

26 February 2013 12:00 AM

The telecoms giant BT faces having to cut prices for high-speed data services in the £2bn-a-year wholesale "leased lines" market under new rules from the regulator, Ofcom. Businesses, mobile operators and broadband providers lease capacity on BT's lines so that they can transfer data. Ofcom said the new rules will reduce the price of newer broadband technology. The savings will be worth 11 per cent below inflation per year over the next three years.

 

 

 

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Soaring Primark sales lift profits at ABF

 

26 February 2013 12:00 AM

Another storming performance from the value fashion chain Primark saw Associated British Food tell investors that profits for the half year that ends on Saturday will be "substantially ahead of last year".

 

 

 

Builders bullish after boost from Bank lending scheme

 

26 February 2013 12:00 AM

A shot in the arm for the mortgage market from the Bank of England's Funding for Lending (FLS) scheme and government initiatives left two of Britain's biggest housebuilders on distinctly bullish form yesterday.

 

 

 

Online chiefs neglected

 

26 February 2013 12:00 AM

Retailers are putting future online sales at risk by failing to incentivise and retain e-commerce chiefs, according to the executive search firm Green Park. It said 43 per cent of e-commerce, digital or multi-channel directors did not get a bonus in the last 12 months and the average tenure of an online leader is less than two years.

 

 

 

Blizzards 'hobble mortgages drive'

 

26 February 2013 12:00 AM

January's snow put the brakes on the growing momentum in the mortgage market after the first fall in the number of home loans since September, according to the British Bankers' Association. Lenders made 32,288 loans for home purchase, down 3.4 per cent on December. Its director David Dooks said: "January's severe weather impacted adversely on an already subdued picture."

 

 

 

Activist poised to take over as governor of BoJ

 

26 February 2013 12:00 AM

Japanese equities were given a boost yesterday by reports that the monetary activist Haruhiko Kuroda will be named as the next governor of the Bank of Japan.

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

Fed Chairman Defends Stimulus Efforts

 

By BINYAMIN APPELBAUM

 

 

Testifying before a Senate panel, Ben S. Bernanke said the Federal Reserve’s strategy to bolster employment was likely to continue for some time.

 

 

 

 

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Christopher Gregory/The New York Times

 

Federal Reserve Board Chairman Ben Bernanke before the Senate Banking, Housing and Urban Affairs Committee in Washington on Tuesday.

 

 

 

 

 

 

 

Senate Panel Backs Treasury Choice

 

By ANNIE LOWREY 11:19 AM ET

 

The Finance Committee approved Jacob J. Lew’s nomination, dismissing some Republican objections.

 

 

Wall Street Modestly Higher

 

By REUTERS 1:07 PM ET

 

Stocks gained as the Federal Reserve chairman, Ben S. Bernanke, defended the Fed’s bond-buying stimulus program before Congress.

 

 

DealBook

 

Wall Street Pay Rises, for Those Who Still Have a Job

 

By SUSANNE CRAIG 2:15 PM ET

 

The average cash bonus for people employed in New York City in the financial industry rose by roughly 9 percent, to $121,900, in 2012, the New York State comptroller said.

 

 

Media Decoder Blog

 

Cablevision Sues Viacom Over Bundling of Little-Watched Channels

 

By AMY CHOZICK and BRIAN STELTER 1:46 PM ET

 

The cable company alleges that Viacom forces distributors to carry channels like MTV Hits and VH1 Classic, driving up monthly bills for consumers.

 

Yahoo-thumbStandard-v3.jpg

Yahoo Orders Home Workers Back to the Office

 

By CLAIRE CAIN MILLER and CATHERINE RAMPELL

 

The Internet pioneer takes on one of the country’s biggest workplace issues in the hope of fostering more innovation.

 

 

Music Industry Has First Revenue Increase Since 1999

 

By ERIC PFANNER 2:19 PM ET

 

While the increase was tiny and the total revenue, $16.5 billion, a far cry from the $38 billion at its peak, the news is a psychological boost to an industry long in decline.

 

DealBook

 

Tribune Said to Hire Banks to Sell Newspapers

 

By MICHAEL J. DE LA MERCED

 

The Tribune Company has hired investment banks to pursue a sale of its top newspapers, including The Chicago Tribune and The Los Angeles Times, a person briefed on the matter has told DealBook.

 

 

 

Obama Takes Budget Warnings to Workers

 

By MICHAEL D. SHEAR and THOM SHANKER

 

President Obama on Tuesday stood in the facility that builds the country’s aircraft carriers to warn that cuts in the Pentagon budget threaten tens of thousands of 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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http://news.yahoo.com/bank-englands-fisher-urges-prolonged-183251185.html

 

LONDON (Reuters) - The Bank of England may need to buy moderate quantities of government bonds over a longer period than before to provide background support to Britain's stagnant economy, a senior central banker said on Tuesday.

Paul Fisher was one of three Bank's officials - including governor Mervyn King - who unexpectedly voted earlier this month to restart quantitative easing with 25 billion pounds ($38 billion) of bond purchases, a smaller volume than in previous rounds of stimulus.

In a speech to fellow University of Bristol alumni, Fisher said he these purchases - which do not yet have support from the majority of the Monetary Policy Committee - could be the first in a series.

 

The junkie is hooked they are never going to stop printing.

 

http://lynncoins.com/fiat-money-france5.htm

 

I have now presented this history in its chronological order—the order of events: let me, in conclusion, sum it up, briefly, in its logical order,--the order of cause and effect.

And, first, in the economic department. From the early reluctant and careful issues of paper we saw, as an immediate result, improvement and activity in business. Then arose the clamor for more paper money. At first, new issues were made with great difficulty; but, the dyke once broken, the current of irredeemable currency poured through; and, the breach thus enlarging, this currency was soon swollen beyond control. It was urged on by speculators for a rise in values; by demagogues who persuaded the mob that a nation, by its simple fiat, could stamp real value to any amount upon valueless objects. As a natural consequence a great debtor class grew rapidly, and this class gave its influence to depreciate more and more the currency in which its debts were to be paid.[85]

The government now began, and continued by spasms to grind out still more paper; commerce was at first stimulated by the difference in exchange; but this cause soon ceased to operate, and commerce, having been stimulated unhealthfully, wasted away.

Manufactures at first received a great impulse; but, ere long, this overproduction and overstimulus proved as fatal to them as to commerce. From time to time there was a revival of hope caused by an apparent revival of business; but this revival of business was at last seen to be caused more and more by the desire of far-seeing and cunning men of affairs to exchange paper money for objects of permanent value. As to the people at large, the classes living on fixed incomes and small salaries felt the pressure first, as soon as the purchasing power of their fixed incomes was reduced. Soon the great class living on wages felt it even more sadly.

Prices of the necessities of life increased: merchants were obliged to increase them, not only to cover depreciation of their merchandise, but also to cover their risk of loss from fluctuation; and, while the prices of products thus rose, wages, which had at first gone up, under the general stimulus, lagged behind. Under the universal doubt and discouragement, commerce and manufactures were checked or destroyed. As a consequence the demand for labor was diminished; laboring men were thrown out of employment, and, under the operation of the simplest law of supply and demand, the price of labor—the daily wages of the laboring class—went down until, at a time when prices of food, clothing and various articles of consumption were enormous, wages were nearly as low as at the time preceding the first issue of irredeemable currency.

The mercantile classes at first thought themselves exempt from the general misfortune. They were delighted at the apparent advance in the value of the goods upon their shelves. But they soon found that, as they increased prices to cover the inflation of currency and the risk from fluctuation and uncertainty, purchases became less in amount and payments less sure; a feeling of insecurity spread throughout the country; enterprise was deadened and stagnation followed.

New issues of paper were then clamored for as more drams are demanded by a drunkard. New issues only increased the evil; capitalists were all the more reluctant to embark their money on such a sea of doubt. Workmen of all sorts were more and more thrown out of employment. Issue after issue of currency came; but no relief resulted save a momentary stimulus, which aggravated the disease. The most ingenious evasions of natural laws in finance which the most subtle theorists could contrive were tried—all in vain; the most brilliant substitutes for those laws were tried; “self-regulating” schemes, “interconverting” schemes—all equally vain.[86] All thoughtful men had lost confidence. All men were waiting; stagnation became worse and worse. At last came the collapse and then a return, by a fearful shock, to a state of things which presented something like certainty of remuneration to capital and labor. Then, and not till then, came the beginning of a new era of prosperity.

Just as dependent on the law of cause and effect was the moral development. Out of the inflation of prices grew a speculating class; and, in the complete uncertainty as to the future, all business became a game of chance, and all business men, gamblers. In city centers came a quick growth of stock-jobbers and speculators; and these set a debasing fashion in business which spread to the remotest parts of the country. Instead of satisfaction with legitimate profits, came a passion for inordinate gains. Then, too, as values became more and more uncertain, there was no longer any motive for care or economy, but every motive for immediate expenditure and present enjoyment. So came upon the nation the obliteration of thrift. In this mania for yielding to present enjoyment rather than providing for future comfort were the seeds of new growths of wretchedness: luxury, senseless and extravagant, set in: this, too, spread as a fashion. To feed it, there came cheatery in the nation at large and corruption among officials and persons holding trusts. While men set such fashions in private and official business, women set fashions of extravagance in dress and living that added to the incentives to corruption. Faith in moral considerations, or even in good impulses, yielded to general distrust. National honor was thought a fiction cherished only by hypocrites. Patriotism was eaten out by cynicism.

Thus was the history of France logically developed in obedience to natural laws; such has, to a greater or less degree, always been the result of irredeemable paper, created according to the whim or interest of legislative assemblies rather than based upon standards of value permanent in their nature and agreed upon throughout the entire world. Such, we may fairly expect, will always be the result of them until the fiat of the Almighty shall evolve laws in the universe radically different from those which at present obtain.[87]

And, finally, as to the general development of the theory and practice which all this history records: my subject has been Fiat Money in France; How it came; What it brought; and How it ended.

It came by seeking a remedy for a comparatively small evil in an evil infinitely more dangerous. To cure a disease temporary in its character, a corrosive poison was administered, which ate out the vitals of French prosperity.

It progressed according to a law in social physics which we may call the “_law of accelerating issue and depreciation._” It was comparatively easy to refrain from the first issue; it was exceedingly difficult to refrain from the second; to refrain from the third and those following was practically impossible.

It brought, as we have seen, commerce and manufactures, the mercantile interest, the agricultural interest, to ruin. It brought on these the same destruction which would come to a Hollander opening the dykes of the sea to irrigate his garden in a dry summer.

It ended in the complete financial, moral and political prostration of France-a prostration from which only a Napoleon could raise it.

But this history would be incomplete without a brief sequel, showing how that great genius profited by all his experience. When Bonaparte took the consulship the condition of fiscal affairs was appalling. The government was bankrupt; an immense debt was unpaid. The further collection of taxes seemed impossible; the assessments were in hopeless confusion. War was going on in the East, on the Rhine, and in Italy, and civil war, in La Vendée. All the armies had long been unpaid, and the largest loan that could for the moment be effected was for a sum hardly meeting the expenses of the government for a single day. At the first cabinet council Bonaparte was asked what he intended to do. He replied, “I will pay cash or pay nothing.” From this time he conducted all his operations on this basis. He arranged the assessments, funded the debt, and made payments in cash; and from this time—during all the campaigns of Marengo, Austerlitz, Jena, Eylau, Friedland, down to the Peace of Tilsit in 1807--there was but one suspension of specie payment, and this only for a few days. When the first great European coalition was formed against the Empire, Napoleon was hard pressed financially, and it was proposed to resort to paper money; but he wrote to his minister, “While I live I will never resort to irredeemable paper.” He never did, and France, under this determination, commanded all the gold she needed. When Waterloo came, with the invasion of the Allies, with war on her own soil, with a change of dynasty, and with heavy expenses for war and indemnities, France, on a specie basis, experienced no severe financial distress.

If we glance at the financial history of France during the Franco-Prussian War and the Communist struggle, in which a far more serious pressure was brought upon French finances than our own recent Civil War put upon American finance, and yet with no national stagnation or distress, but with a steady progress in prosperity, we shall see still more clearly the advantage of meeting a financial crisis in an honest and straightforward way, and by methods sanctioned by the world’s most costly experience, rather than by yielding to dreamers, theorists, phrase-mongers, declaimers, schemers, speculators or to that sort of, “Reform” which is “the last refuge of a scoundrel.”[88]

There is a lesson in all this which it behooves every thinking man to ponder.

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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Bank of England mulls negative interest rates to force banks to lend

 

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The Bank of England is considering negative interest rates in an attempt to force banks to lend more to small businesses.

Comments

BoE rate-setters not 'inflation nutters'

 

 

Italian impasse reignites eurozone crisis fears

 

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Europeans shares fall ease as Wall Street opens higher but fears remain that political uncertainty in Italy will rekindle the eurozone debt crisis.

Comments

ECB bond plan in jeopardy as Italy's voters reject conditions

 

 

Markets lurch amid deadlock in Italian elections

 

 

 

BP disaster was 'classic failure' of leadership

 

Gulf_2493787g.jpg

America's worst offshore oil spill was caused by a “classic failure” of leadership at BP, a court has been told, as prosecutors turned their fire on the UK company’s board.

Comments

 

US unemployment merits third round of QE

 

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The US needs more quantitative easing, despite the improving economic outlook, because unemployment remains too high, America’s central bank boss said.

Comments

 

Glasenberg says mining CEOs 'screwed up'

 

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Ivan Glasenberg, head of commodity giant Glencore, has launched an extraordinary broadside against fellow chief executives, condemning mining's record as “catastrophic”.

Comments

 

Tesco to pay £6.5m fine over dairy price fixing

 

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Tesco is to pay a £6.5m fine for its part in a dairy price fixing scandal, after losing a decade-long court battle.

Comments

Retail sales growth slows in February, CBI says

 

 

 

Job seekers spend 25pc longer hunting roles

 

Job hunters spend more than 10 weeks - 25pc longer than five years ago - searching for a new post, a survey has found.

My 10-point plan to reboot Britain

 

ozzy_2493325g.jpg

This is George Osborne’s last opportunity. Unless he takes drastic action at next month’s Budget, with shock and awe policies to jolt the private sector back into action, he stands no chance of rebooting Britain’s crippled, downgraded economy.

Comments

ECB bond plan in jeopardy as Italy's voters reject conditions

 

 

 

 

Retail sales growth slows in February, CBI says

 

 

 

 

Bernanke defends ramped-up QE at Fed

 

 

 

 

My 10-point plan to reboot Britain

 

Don't worry: the Bank of England will never allow negative interest rates

 

Italy: Former comedian runs circles around former EU commissioner

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

Richmond Fed: A Light Appears In The Tunnel

Now the question, which will have to wait for a month or two to be answered: Is it a train?

Manufacturing activity in the central Atlantic region rebounded in February after declining in January, according to the Richmond Fed’s latest survey. Looking at the main components of activity, factory shipments and employment returned to positive territory, while the volume of new orders stabilized. Other indicators also suggested additional firmness. Capacity utilization turned positive, while the gauge for delivery times steadied and backlogs contracted at a somewhat slower pace. In addition, inventories grew at a slightly slower rate.

The composite index rose to a +6 from -12, a major move. Shipments advanced smartly, as did capacity utilization. Employees went positive although the workweek remained under pressure, although less than last month. Wages were flat.

Forward expectations rose materially.

The prices paid:received ratio, however, still looks like crap, and that remains a problem.

 

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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http://www.guardian.co.uk/world/2013/feb/27/greece-blames-drug-companies-shortages

 

Greece is facing a serious shortage of medicines amid claims that pharmaceutical multinationals have halted shipments to the country because of the economic crisis and concerns that the drugs will be exported by middlemen because prices are higher in other European countries.

 

Hundreds of drugs are in short supply and the situation is getting worse, according to the Greek drug regulator. The government has drawn up a list of more than 50 pharmaceutical companies it accuses of halting or planning to halt supplies because of low prices in the country.

 

More than 200 medicinal products are affected, including treatments for arthritis, hepatitis C and hypertension, cholesterol-lowering agents, antipsychotics, antibiotics, anaesthetics and immunomodulators used to treat bowel disease.

 

Separately, it was announced on Tuesday that the Swiss Red Cross was slashing its supply of donor blood to Greece because it had not paid its bills on time.

 

I thought the Red Cross was meant to be humanitarian?

 

I wonder what the Greek economy is like for black market pharmaceutical drugs?

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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Anger at British Gas as owner Centrica reports £606m profit

 

27 February 2013 07:21 PM

Energy company raised tariffs by 6 per cent for over 8 million households at the end of last year

 

 

David Cameron reaffirms urgency of deficit reduction

 

27 February 2013 07:44 PM

David Cameron has said that the Government needs to go “further and faster” to bring down the deficit after the loss of Britain’s coveted AAA credit rating.

 

 

 

City banking woes prompt Robert Walters to diversify

 

26 February 2013 11:30 PM

A dramatic slump in the number of banking jobs in the City has sent annual profits at the recruitment firm Robert Walters crashing by half to £7.7m in an ominous sign for London's financial industry.

 

 

 

Tesco dairy fixing fine is cut to £6.5m

 

26 February 2013 11:30 PM

Tesco will pay a reduced £6.5m fine for its part in a dairy price-fixing scandal following an appeal ruling.

 

 

 

Not bad for a year's work: Hedge fund top five pocket more than $1bn each

 

26 February 2013 11:30 PM

Five of the $2trillion (£1.3trn) hedge fund industry's biggest names each took home more than $1bn last year, according to Forbes magazine's latest Rich List for the industry.

 

 

 

St Modwen raises £49m to bankroll plans for market facelift

 

26 February 2013 11:30 PM

St Modwen has tapped shareholders for £49m to help fund the £2bn overhaul of the UK's biggest fruit, veg and flower market, in south London.

 

 

 

Bank's Governor says QE should not be seen as provocative

 

26 February 2013 11:30 PM

Sir Mervyn King has insisted money printing by central banks should not be considered provocative shots in a global "currency war" and that each country should focus on doing what is necessary to restore growth.

 

 

 

Cost cut pay off at RSM Tenon

 

26 February 2013 11:30 PM

The financial services firm RSM Tenon has dramatically reduced its interim loss from £80.7m to £7.8m after a drive to cut costs.

 

 

 

Welcome to Britain: Overseas visitors go shopping to the tune of £4.5bn in a year

 

26 February 2013 11:30 PM

Overseas tourists to the UK spend more than £4.5bn in Britain's shops each year, with "personal shopping" requests a growing trend for the worlds' super wealthy.

 

 

 

First witness testifies in BP oil spill trial

 

26 February 2013 11:30 PM

BP failed to apply its own safety and risk management system to the Deepwater Horizon oil rig, which exploded in the Gulf of Mexico, in what was a "tragic" and "egregious" oversight, the first witness in a long-awaited civil trial over the 2010 oil spill said.

 

 

 

Italy fears spark a shares sell-off

 

26 February 2013 11:30 PM

Inconclusive election result prompts worries of sovereign debt crisis return

 

 

PPI mis-selling complaints at Lloyds total 1.4 million

 

26 February 2013 11:30 PM

Lloyds Banking Group received almost 1.4 million complaints about mis-sold payment protection insurance in 2012, it has admitted. The bank was fined £4.3m last week after it failed to pay compensation quickly enough to tens of thousands of PPI victims, yet it declared it has made "significant progress" on dealing with customer complaints.

 

 

 

Whitbread calls for new approach to food supply

 

26 February 2013 11:30 PM

The chief executive of Whitbread, the owner of the Beefeater and Brewers Fayre restaurant chains, has called for a massive shake-up of the food supply chain in the wake of the horse meat scandal.

 

 

 

High street suffers a triple blow

 

26 February 2013 11:30 PM

A toxic mix of pay freezes, poor weather and high inflation were blamed for the latest signs of a flagging high street.

 

 

 

Founder closes the door on taking Redrow private

 

26 February 2013 11:30 PM

Redrow's founder Steve Morgan has appeared to rule out another attempt to take the housebuilder private after the Takeover Panel thwarted a £610m attempt last autumn.

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

Global stocks rally on Bernanke, economic data; euro up

 

FXpert 7:51pm GMT

 

ECB nowhere near exit from crisis measures - Draghi

 

7:29pm GMT

 

ECB will keep inflation low, no matter what others do - Draghi

 

7:29pm GMT

 

Bernanke sees long slog to lower U.S. unemployment

 

7:23pm GMT

 

Ireland to sell Spanish, British power station stakes

 

6:52pm GMT

 

Oracle CEO Ellison buys Hawaii's Island Air

 

6:39pm GMT

 

IKEA stops selling all minced meat products from main supplier

 

6:23pm GMT

 

Russia says horse-tainted hot dogs shipped from EU

 

6:23pm GMT

 

Exclusive - Euro zone mulls help for Portugal, Ireland market return: sources

 

6:17pm GMT

 

EU regulators block Ryanair's third bid for Aer Lingus

 

Aerospace & Defence 6:04pm GMT

 

London's hedge funds brace for bonus curbs

 

UK 5:58pm GMT

 

FTSE recovers part of post-Italy vote slump

 

FXpert 5:06pm GMT

 

Spain in stand-off with Europe over Bankia valuation

 

Spain 5:03pm GMT

 

EU reforms threaten UK retailer push for local meat - NFU

 

5:02pm GMT

 

High unemployment threatens future of the EU - ministers

 

4:53pm GMT

 

Exclusive: Flowers Foods set to buy Wonder bread - source

 

4:37pm GMT

 

Sheilas' Wheels owner esure to float in London

 

4:26pm GMT

 

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UK 4:11pm GMT

 

Italy works to grant Monte Paschi aid by Friday - sources

 

4:05pm GMT

 

ArcelorMittal unit hit by South Africa carbon tax worries

 

Africa 4:01pm GMT

 

South African stocks fall, carbon tax fears hit ArcelorMittal

 

Africa 4:01pm GMT

 

StanChart in talks to buy Morgan Stanley's India unit - sources

 

3:46pm GMT

 

Airbus maker EADS happy to fly solo after profit leap | btn_rel_video.gif

 

Aerospace & Defence 3:41pm GMT

 

Barclays to cut pay by £450 million over scandals - source

 

3:37pm GMT

 

South Africa steps up random tests on meats at shops

 

Africa 3:21pm GMT

 

India does not believe AgustaWestland bribery denial

 

3:06pm GMT

 

UK to cut capital requirements for new banks

 

UK 3:04pm GMT

 

StanChart in talks to buy Morgan Stanley India wealth unit - sources

 

2:54pm GMT

 

Piaggio earnings fall as Italians skimp on scooters

 

2:09pm GMT

 

It was impossible to spot Libor rigging - FSA

 

1:58pm GMT

 

EU regulators block Ryanair's third bid for Aer Lingus

 

Aerospace & Defence 1:54pm GMT

 

FTSE, Canada's TMX to combine fixed income index operations

 

1:36pm GMT

 

Three men arrested in insider dealing probe

 

1:10pm GMT

 

India says does not believe AgustaWestland bribery denial

 

12:40pm GMT

 

BoE's Bean says no plan now for negative interest rates

 

UK, 12:19pm GMT

 

ITV to pay special dividend as earnings rise

 

12:04pm GMT

 

Profits rise at Centrica's British Gas after price hike

 

12:00pm GMT

 

Housebuilder Barratt lifted by mortgage market thaw

 

11:39am GMT

 

EADS says repeat of BAE bid "not on our radar"

 

11:26am GMT

 

Standard Life buys Newton wealth unit

 

11:25am GMT

 

EU to decide on Bertelsmann, Pearson publisher deal by April 5

 

11:17am GMT

 

Broadcaster CME shares drop after record quarterly loss

 

10:58am GMT

 

Euro zone sentiment rises for fourth month in February

 

10:55am GMT

 

Euro zone loans drop, starving bloc of funds to grow

 

10:55am GMT

 

Restaurant Group's sales growing, shares touch life-high

 

10:53am GMT

 

ECB crisis steps less and less effective - Praet

 

10:50am GMT

 

BoE's Bean: negative rates are "blue sky thinking", not a plan

 

UK, 10:28am GMT

 

Intu taps shareholders to fund UK mall deal

 

UK, 10:24am GMT

 

Portugal business, consumer confidence edge up

 

10:08am GMT

 

Etihad buys India's Jet's London slots as deal talks continue

 

Aerospace & Defence 9:58am GMT

 

FSA bans short-selling in some Italian stocks

 

9:25am GMT

 

Tesco to source more meat in Britain

 

UK, David Cameron 7:40pm GMT

 

India likely to hit fiscal deficit target despite low revenue - government

 

9:13am GMT

 

Japan government upgrades economy assessment in February as factory output stabilises

 

Japan 8:44am GMT

 

Pump-maker Weir profit rises on strong mining demand

 

8:04am GMT

 

Likely BOJ nominee Iwata: monetary policy needed to fill output gap - media

 

Japan 7:58am GMT

 

Centrica's British Gas faces public wrath as earnings rise

 

7:50am GMT

 

Intu taps shareholders to fund mall deal

 

7:41am GMT

 

Petrofac profit rises, confident on 2013

 

7:34am GMT

 

ITV to pay special dividend as earnings rise

 

7:31am GMT

 

Vodafone suspends plan to approach Kabel Deutschland - report

 

7:26am GMT

 

Japan's Abe aims to polish reform credentials with TPP trade decision

 

Japan 7:07am GMT

 

Comair takes South Africa to court over airline funding

 

Africa 7:01am GMT

 

EU moves closer to imposing caps on banker bonuses

 

6:58am GMT

 

Esprit H1 losses wider than forecasts, sees no quick improvement

 

6:44am GMT

 

Analysis - Investors fret that Italy may undermine ECB backstop

 

5:57am GMT

 

China February official PMI to dip, hurt by weak export demand

 

3:53am GMT

 

Bernanke says Fed stimulus benefits clear, downplays risks

 

3:43am GMT

 

Obama cites Navy threat, immigrants freed as budget cuts loom

 

3:43am GMT

 

FAA disputes reports that Boeing 787 test flights near

 

Aerospace & Defence 3:42am GMT

 

Australia construction work flat, home building shows some life

 

2:23am GMT

 

JPMorgan to cut up to 17,000 jobs by end of 2014

 

1:25am GMT

 

Goldman's electronic trading chief to leave - Bloomberg

 

1:00am GMT

 

BP accepts role in spill at trial, aims to spread blame

 

Gulf Oil Spill 12:37am GMT

 

Lloyds deal under threat as Co-op faces capital hole - FT

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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27 February 2013 Last updated at 17:33

 

 

Colder weather boosts British Gas_66095474_pa_gas.jpg

 

Centrica says profits from British Gas' residential energy supply rose 11% to £606m last year, as colder weather meant people used more gas.

 

 

_66098523_160367565.jpgUK growth for 2012 revised upwards

 

The UK economy grew 0.2% in the whole of 2012, revised up from the estimate of zero growth, but it still contracted in the last three months of the year.

 

 

 

_66095688_air1.jpgAirbus owner reports strong profits

 

Aerospace and defence group EADS reports a rise in profits and sales in 2012, boosted by a strong performance from its aircraft maker Airbus.

 

 

 

 

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

Get Your Wrists Ready for Smartwatches

 

By DAVID POGUE 1:53 PM ET

 

Here come the smartwatches, and a motley bunch they are. Some require daily charging, others use watch batteries. When it comes to design, well...

28pogue-web-sfSpan.png

Clockwise from top left: The Cookoo, I'm Watch, Meta Watch, Casio G-Shock GB-6900 and Martian.

 

 

 

 

Shell Suspends Drilling for Arctic Ocean in 2013

 

By THE ASSOCIATED PRESS 46 minutes ago

 

The company said it will “pause” its exploration drilling in the Chukchi and Beaufort seas. Shell drilled top holes on two wells in the Beaufort and Chukchi in 2012 but encountered problems.

 

 

Stocks Barrel Ahead on Wall Street

 

By REUTERS

 

Shares gained more than 1 percent after a second round of testimony in Congress by the Federal Reserve chairman.

 

 

High Court: No Extra Time to Sue for Securities Fraud

 

By THE ASSOCIATED PRESS 10:37 AM ET

 

The Supreme Court said the Securities and Exchange Commission must file suit within five years of an alleged fraudulent security action.

 

DealBook

 

Regulators Block Ryanair’s Latest Attempt to Buy Aer Lingus

 

By JAMES KANTER 9:41 AM ET

 

As the European Commission blocked the move for competitive reasons, Ryanair reiterated that it would appeal the decision in court.

 

BP Executive Shares Blame With Contractors

 

By CLIFFORD KRAUSS and BARRY MEIER 1:06 PM ET

 

In the Gulf of Mexico oil spill trial, BP’s top executive for North American operations at the time of the disaster insisted that his company was not solely responsible for the accident.

 

Apple’s Chief Urges Shareholders to Focus on Long Term

 

By REUTERS 58 minutes ago

 

Tim Cook acknowledged shareholder disappointment with a five-month slide of more than 30 percent in Apple’s share price, which has led to demands that it share more of its cash and securities.

 

EADS Profit Soars 19 Percent for 2012

 

By NICOLA CLARK

 

The company says it made about $1.56 billion in 2012 thanks to commercial aircraft sales, even though its military segment struggled amid budget troubles in the United States and Europe.

 

 

 

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 never had a double-dip recession, latest GDP data shows

 

northsea_2430435g.jpg

Forget a triple-dip recession, there hasn’t even been a double-dip in the UK onshore economy, a leading economist has claimed after official data showed that the economy grew by 0.2pc last year.

Comments

UK economy did not flat-line but grew 0.2pc last year, says ONS

 

 

Blanchflower blocks Sentance in Twitter bust-up

 

 

Growth to remain subdued, says Charlie Bean

 

Charlie-Bean_2381340g.jpg

The Bank of England has no magic bullet to fix the economy and growth will “remain subdued by historical standards”, according to deputy governor Charlie Bean.

Comments

Bean: Negative rates are 'blue sky thinking'

 

 

Blanchflower blocks Sentance in Twitter bust-up

 

 

 

Tesco warns of higher prices after scandal

 

clarke_2494890g.jpg

Tesco has warned that the horse-meat scandal will hit profit margins and may force up prices for consumers, as Britain’s biggest supermarket pledged to conduct tests on all the meat it sells.

Comments

 

India doubts helicopter deal bribery denial

 

helicopter_2473113g.jpg

AgustaWestland's £480m contract to supply 12 helicopters to India appeared further in doubt on Wednesday after the country's Defence Minister said it did not believe denials that bribery was involved in securing the deal.

Comments

 

Government must allow ailing banks to 'die'

 

Canary-Wharf_2478186g.jpg

Britain's ailing banks should be allowed to "die" rather than be bailed-out by the taxpayer, the chief executive of the British Bankers' Association has said.

Comments

Regulators to give capital boost to new banks

 

 

 

Centrica profits rise on higher heating bills

 

british-gas-decc_2439562g.jpg

British Gas owner's profits rise more than 90pc as customers turn up heating in colder weather and strong growth in oil, gas and power generation.

Comments

Politicians must start an 'honest conversation’ on energy bills

 

 

 

EU blocks Ryanair takeover of Aer Lingus

 

 

 

 

Blanchflower blocks Sentance in Twitter bust-up

 

sentance-blanchflo_2494623g.jpg

Former Bank of England bigwigs Danny Blanchflower and Andrew Sentance have signalled the end of a beautiful relationship on Twitter.

Comments

Britain never had a double-dip recession

 

 

 

 

Bean: Negative rates are 'blue sky thinking'

 

 

 

 

Watch Prime Minister's Questions live

 

 

 

 

Unmarried unhappy couples find financial divorce difficult

 

ECB bond plan in jeopardy as Italy's voters reject conditions

 

Don't worry: the Bank of England will never allow negative interest rates

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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