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The great interest rate rip off part 10


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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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

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

Tata workers vote for strike action

 

Tata Steel workers across the UK vote by almost 9-1 to go on strike in a row over pensions in the first national strike in the steel industry for 30 years.

 

 

 

Related content

 

 

 

Full article Tata workers vote for strike action

 

 

 

 

 

Greek bank deposits at decade low

 

Greek bank deposits fall to their lowest level in more than 10 years as concerns persist over the country's debt burden and possible euro exit.

 

 

 

Related content

 

 

 

Full article Greek bank deposits at decade low

 

US economy shrank in first quarter

 

 

Full article US economy shrank in first quarter

India's economy surges by 7.5%

 

 

Full article India's economy surges by 7.5%

Corfu mother angry at shares payment

 

 

Full article Corfu mother angry at shares payment

 

 

 

Pure Gym to buy rival LA Fitness

 

 

Full article Pure Gym to buy rival LA Fitness

Cameron: Sepp Blatter 'should go'

 

  • 1 hour ago
  • From the section UK

 

Full article Cameron: Sepp Blatter 'should go'

Brazil's economy shrinks by 0.2%

 

 

Full article Brazil's economy shrinks by 0.2%

German business warns UK over EU vote

 

 

Full article German business warns UK over EU vote

Rail workers to strike twice in June

 

  • 28 May 2015
  • From the section UK

 

Full article Rail workers to strike twice in June

FTSE turns to close down on Friday

 

BBC uncovers tax avoidance scheme

 

 

 

 

Anderson Group, one of the recruitment industry's most high-profile companies, is promoting an "aggressive" tax avoidance scheme which tax experts are calling "abusive".

 

 

 

Related content

 

 

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

Stocks, bond yields fall on Greece worries, US data

 

FXpert 8:23pm BST

 

Intel nears deal to buy Altera for $16 billion - sources

 

7:42pm BST

 

U.S. warns G7 of global economy 'accident' without Greece deal

 

7:14pm BST

 

Vodafone, Wind sign letter of intent for Italy fibre-optic network

 

6:56pm BST

 

Ireland agrees to restore some public-sector pay cuts

 

UK 6:48pm BST

 

Italy first-quarter GDP rises 0.3 percent, modest growth also seen in second quarter

 

6:14pm BST

 

OPEC officials cheer improving market ahead of Vienna meeting

 

6:05pm BST

 

FTSE suddenly stalls, ends May with a whimper

 

FXpert 6:01pm BST

 

Equinix to buy TelecityGroup for $3.6 billion, Interxion deal ended

 

5:11pm BST

 

U.S. economy contracts in first quarter; dollar hits corporate profits

 

5:07pm BST

 

ING and BNP Paribas among bidders for HSBC Turkey - source

 

Bahrain, Middle East 4:25pm BST

 

German newspaper corrects IMF chief Lagarde's Greece comments

 

IMF 4:19pm BST

 

RBS invites pitches for broker role ahead of privatisation - sources

 

4:07pm BST

 

Osborne eyes extra 5 percent spending cuts

 

3:40pm BST

 

Bank of Ireland cuts mortgage rates amid political pressure

 

3:38pm BST

 

G7 agree in principle on China joining IMF's major league

 

IMF 3:31pm BST

 

Some blame EU Commission for Greek obstinacy in debt talks

 

World 2:50pm BST

 

It's not just up to Germany to help Greece - Schaeuble

 

World 2:50pm BST

 

Portugal proposes European fund to boost euro area

 

World, 2:48pm BST

 

Exclusive - European rescue fund struggling with low returns

 

2:33pm BST

 

Cash holdings rise as investors fear reverse for expensive stocks, bonds: poll

 

Japan 2:05pm BST

 

U.S. Lew urges broad deal on Greece now, focus on details later

 

World 1:57pm BST

 

Watchdog suggests EU take less rigid view of foreign derivatives rules

 

1:28pm BST

 

'There is no Grexit scenario' - French Finmin

 

World 1:21pm BST

 

British motor insurer Direct Line to pay special dividend

 

1:00pm BST

 

Deutsche Bank top labour representative says Frankfurt works council acting alone

 

12:47pm BST

 

'Brexit' could hit London insurance market - trade body

 

12:44pm BST

 

Greek bank deposits fall to lowest level in a decade - ECB data

 

World, 12:27pm BST

 

Positive news from Athens not reflected in Greece talks - Schaeuble

 

World 12:26pm BST

 

Hungary has room to cut rates, Grexit risk manageable - economy minister

 

11:37am BST

 

Euro zone lending slows to standstill despite money printing

 

11:01am BST

 

Swiss economy shrinks, weighed down by franc surge

 

10:47am BST

 

Synergy Health, Steris to contest U.S. FTC decision to block deal

 

10:24am BST

 

Greek final first-quarter GDP confirmed at -0.2 percent quarter-on-quarter, economy in recession

 

World 10:14am BST

 

Greek retail sales up 1.2 percent in March

 

World, IMF 10:14am BST

 

Afren secures additional debt funding

 

8:02am BST

 

UK consumer confidence slips unexpectedly in May - GfK

 

7:56am BST

 

German retail sales rebound in April

 

7:36am BST

 

U.S. economy likely shrank in quarter one, but fundamentals strong

 

6:26am BST

 

Japan spending slump casts doubt on central bank optimism

 

Japan 6:06am BST

 

Japan April industrial output up 1.0 percent month-on-month

 

Japan 4:04am BST

 

Airbus debates new A320 output hike, suffers test glitch

 

Aerospace & Defence 1:50am BST

 

UK consumer confidence slips unexpectedly in May - GfK

 

12:08am BST

 

FirstGroup to invest 78 million pounds for growth in British bus business

 

12:06am BST

 

Tesco scandal puts spotlight on annual company audit checks

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

Bob Schieffer of ‘Face the Nation’ Prepares to Sign Off

 

By JOHN KOBLIN

 

 

He has been host for 24 years, and Sunday morning’s edition of the public affairs show will be his last.

 

 

 

30schieffer-web-sfSpan.jpg

T.J. Kirkpatrick for The New York Times

 

In the 12 years since he turned 65, Bob Schieffer moderated three presidential debates, wrote a best-selling memoir and led “Face The Nation” to its highest viewership since he took over as host in 1991.

 

 

 

 

 

30econ-web2-thumbStandard.jpg

U.S. Economy Contracted 0.7% in First Quarter

 

By NELSON D. SCHWARTZ 12:58 PM ET

 

The revision downward, which was expected after a brutal winter, underscores the American economy’s seeming inability to generate much momentum.

 

 

 

The Upshot

 

30UP-GDP-thumbStandard.jpg

Shrinking Economy? No, but It’s Not Surging Either

 

By JUSTIN WOLFERS 11:18 AM ET

 

A less well-known but more reliable measure suggests the economy grew in the last quarter, although not by very much.

 

 

 

 

 

 

 

 

 

30lung-web-thumbStandard.jpg

New Class of Drugs Shows More Promise in Treating Cancer

 

By ANDREW POLLACK 2:00 PM ET

 

A study sheds light on why the new medicines seem to work for some cancers and not others.

 

E.P.A. Proposes Changes to Fuel Standards

 

By DIANE CARDWELL 1:06 PM ET

 

The proposal on the amount of biofuel that must be blended into conventional vehicle fuel has been long delayed and seemed to please few.

 

xxfakejobs-slide-4T1S-thumbStandard.jpg

In Europe, Fake Jobs Can Have Real Benefits

 

By LIZ ALDERMAN

 

Training at pretend companies is being used to fight long-term unemployment, one of the most pressing problems to emerge from Europe’s long economic crisis.

 

 

29JP-DB-SEC-thumbStandard.jpg

Political Fights Throw Sand in Gears of S.E.C.

 

By BEN PROTESS and PETER EAVIS

 

A political battle has disrupted the case against the Computer Sciences Corporation, forcing on-again, off-again negotiations that at times have imperiled the case altogether.

 

31-NAVDY-JP1-thumbStandard.jpg

Windshield Devices Bring Distracted Driving Debate to Eye Level

 

By MATT RICHTEL 10:29 AM ET

 

Head-up displays like Navdy’s claim to reduce risk by projecting information from a smartphone into a driver’s line of vision, but some experts worry the additional stimulus will be too distracting.

 

 

Edward P. Gilligan, American Express Executive, Dies at 55

 

By THE NEW YORK TIMES 14 minutes ago

 

Mr. Gilligan was largely seen as the likely successor to Kenneth Chenault, the chief executive.

 

Wheels

 

29wheels-web1-thumbStandard.jpg

When an Off-the-Rack Rolls-Royce Just Won’t Do

 

By AARON M. KESSLER

 

As owners of ultraluxury cars seek to distinguish themselves among their peers, Rolls-Royce, Maserati and others sell more bespoke and limited-edition models.

 

29google-web1-thumbStandard.jpg

Google Intensifies Focus on Its Cardboard Virtual Reality Device

 

By CONOR DOUGHERTY 1:33 PM ET

 

The search giant is introducing several initiatives to highlight its inexpensive virtual reality viewer, including a partnership with GoPro and plans to post VR videos on YouTube.

 

 

greekdebt-web1-thumbStandard.jpg

Jacob Lew Warns Time Is Running Out to Reach Greek Debt Deal

 

By JACK EWING 11:07 AM ET

 

The secretary of the U.S. Treasury said after Group of 7 meetings that risks persisted if Greece and its eurozone partners failed to reach an agreement 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.

Link to post
Share on other sites

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

One-Tap Giving? Extra Steps Mire Mobile Donations

 

By RON LIEBER

 

Mobile apps can be used to summon a car or order food with a simple tap, but making a charitable donation is not as easy.

 

xxfakejobs-slide-4T1S-thumbStandard.jpg

In Europe, Fake Jobs Can Have Real Benefits

 

By LIZ ALDERMAN

 

Training at pretend companies is being used to fight long-term unemployment, one of the most pressing problems to emerge from Europe’s long economic crisis.

 

 

31-NAVDY-JP1-thumbStandard.jpg

Windshield Devices Bring Distracted Driving Debate to Eye Level

 

By MATT RICHTEL

 

Head-up displays like Navdy’s claim to reduce risk by projecting information from a smartphone into a driver’s line of vision, but some experts worry the additional stimulus will be too distracting.

 

 

30NIKKI-thumbStandard.jpg

Nikki Finke, Feared Hollywood Reporter, Turns to Fiction

 

By RAVI SOMAIYA

 

Barred by a settlement from practicing journalism about the entertainment industry online, Ms. Finke is writing fiction for her new website, Hollywood Dementia.

 

30lung-web-thumbStandard.jpg

New Class of Drugs Shows More Promise in Treating Cancer

 

By ANDREW POLLACK

 

A study sheds light on why the new medicines seem to work for some cancers and not others.

 

30schieffer-web-thumbStandard.jpg

Bob Schieffer of ‘Face the Nation’ Prepares to Sign Off

 

By JOHN KOBLIN

 

He has been host for 24 years, and Sunday morning’s edition of the public affairs show will be his last.

 

db-humana-stock-thumbStandard-v3.png

Humana Is Said to Consider Sale of Company

 

By MICHAEL J. de la MERCED and JULIE CRESWELL

 

After approaches, the giant health insurer is working with bankers at Goldman Sachs to explore its options.

 

30SILKROAD-thumbStandard-v2.jpg

Ross Ulbricht, Creator of Silk Road Website, Is Sentenced to Life in Prison

 

By BENJAMIN WEISER

 

Mr. Ulbricht was sentenced to life in prison for his role as what prosecutors described as “the kingpin of a worldwide digital drug-trafficking enterprise.”

 

 

 

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

Opec under siege as Isil threatens world's oil lifeline

 

 

As the bloc’s 12 oil ministers meet in Vienna, the march of Isil jihadists in the Middle East is putting Iran and Saudi Arabia on a collision course with explosive consequences

933 Comments

Halfords profits pedalling forward

 

pendleton_2613806g.jpg

Bike retailer sales expected to be boosted by revamped ranges

Comment

Final Quindell short-seller cashes in its bet

 

XU7876931_3462777a_2844743g.jpg

Roble's exit means Quindell is no longer the subject of major bets against its share price

Comment

Drachma_coins_3321965d.jpg

Greeks say they will pay the IMF as capital flight hits record

 

Athens' economics minister says country will not default next week as bank deposits hit a 10-year low

 

US economy shrank in first quarter amid collapse in exports

 

US_economy_2266158g.jpg

World's largest economy contracts by 0.7pc on an annualised basis, as the strong dollar acts as a headwind to the recovery

 

scunthorpe-steel_2716892g.jpg

Tata Steel workers to strike over pension closure row

 

Union members at the former British Steel sites have voted for industrial action

 

euro_3321727g.jpg

ECB fears 'abrupt reversal' for global assets on Fed tightening

 

Central bank thinks there is 'fragile equilibrium' in world markets

 

 

plane_2699569g.jpg

Gatwick threatens legal challenge if Government backs Heathrow

 

The boss of the West Sussex airport said that Heathrow expansion was "illegal" because it breached EU rules on air quality

 

amaaon_3321864d.jpg Amazon 'to launch range of own-brand food'

 

 

 

amex_3323352g.jpg

American Express president dies after falling ill on plane

 

Executive was coming back from a business trip, credit card company says

 

How Turkey's economy went from flying to flagging - and could get worse

 

If China's economy stumbles, the world falls

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

 

 

 

 

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

Economic growth 'up several gears'

 

The speed at which the British economy is growing is increasing, the Confederation of British Industry says.

 

  • 31 May 2015
  • From the section UK
  • 729 comments

 

 

Related content

 

 

 

Full article Economic growth 'up several gears'

 

 

 

 

 

EU membership 'vital for jobs'

 

Membership of the EU is vital to Scottish jobs and the economy, Nicola Sturgeon will tell an audience in Brussels later this week.

 

 

 

Related content

 

 

 

Full article EU membership 'vital for jobs'

 

Rail strike talks go into fourth day

 

  • 1 hour ago
  • From the section UK

 

Full article Rail strike talks go into fourth day

NHS to target 'rip-off' temp agencies

 

  • 51 minutes ago
  • From the section Health

 

Full article NHS to target 'rip-off' temp agencies

Prince William asks Fifa sponsors to act

 

UK banks launch Fifa payment reviews

 

 

 

 

UK banks Barclays and Standard Chartered have begun internal reviews into whether they were used for corrupt payments by Fifa officials, the BBC understands.

 

Related content

 

 

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

AEP: Defiant Tsipras threatens to detonate crisis rather than yield to creditors

 

TsiprasWhatWeLearn_3283372d.jpg

The Greek prime minister has accused Europe's leaders of 'issuing absurd demands'

 

60562894_wind_turb_3298707g.jpg

Wind industry makes last-ditch effort to save subsidies

 

Government plans to curtail onshore wind subsidy scheme will see millions of pounds of investments written off and "massively damage" investor confidence, ScottishPower claims

 

bark_1519881g.jpg

UK Banks launch internal review over 'corrupt' Fifa payments

 

Barclays, Standard Chartered and HSBC are among banks looking into whether alleged corrupt payments passed through their accounts

 

Hyde Park Barracks: Property guru joins race for a piece of British military history

 

guards_2710426g.jpg

Sir Stuart Lipton joins global race to snap up Hyde Park Barracks

2 Comments

centerparcs_3324213g.jpg

Canadians close in on Center Parcs takeover deal

 

US private equity giant Blackstone close to selling Center Parcs to Canadian investment giant Brookfield for around £2.4bn

 

ivanmassow2_3315368g.jpg

Ivan Massow pledges to champion the City and be 'better for start-ups than Boris'

 

The would-be London Mayor is on a mission to stop the banker bashing and stimulate start-up creation in the Capital

 

Qatar's property owners could get 'burnt' in Fifa World Cup scandal

 

doha-port-stadium_1717357g.jpg

With soaring land prices the risk of losing the 2022 World Cup could knock the property market in Qatar

19 Comments

Anbar-lions-flag_3039908d.jpg Opec under siege as Isil threatens world's oil lifeline

 

 

As the bloc’s 12 oil ministers meet in Vienna, the march of Isil jihadists in the Middle East is putting Iran and Saudi Arabia on a collision course with explosive consequences

2183 Comments

 

Peppa Pig maker Entertainment One considers move to New York

 

enfield4_3286307g.jpg

London's biggest remaining listed film and TV company could move to seek higher valuation and discourage takeover bids

4 Comments

 

Confidence high as UK economy steps up 'several gears'

 

flag_2228719g.jpg

First quarter slowdown in UK growth was just a blip, says Confederation of British Industry

 

If China's economy stumbles, the world falls

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

Cashing In on a Charter-Time Warner Cable Merger

 

By DAVID GELLES

 

 

Through a mix of golden parachutes, advisory fees and investment returns, a small number of cable executives, traders and bankers stand to reap enormous profits.

 

 

 

31CABLE_COMBO-promo-sfSpan-v4.jpg

From left: Rick Maiman/Bloomberg News; National Cable and Telecommunications Association

 

From left: John Paulson, whose hedge fund has held a large stake in Time Warner Cable stock; and Robert Marcus, chief of Time Warner Cable, who could receive an exit package of more than $100 million.

 

 

 

 

 

 

 

 

 

 

 

01SKIN-web-thumbStandard.jpg

Doctors Seek Test for Deploying New Life-Extending Cancer Drugs

 

By ANDREW POLLACK

 

Identifying which patients are likely to benefit from expensive treatments such as Opdivo, Yervoy and Keytruda could save money and prevent side effects.

 

31trucks-JP-thumbStandard.jpg

E.P.A. Proposal Will Put Bigger Trucks on a Fuel Diet

 

By AARON M. KESSLER and CORAL DAVENPORT

 

The Environmental Protection Agency is expected to propose rules requiring heavy trucks to increase their fuel economy by up to 40 percent by 2027.

 

20150521JAPANTAX-SS-slide-R67A-thumbStandard.jpg

In Japan, You Get a Tax Break and a Side of Lobster and Beef

 

By JONATHAN SOBLE

 

City dwellers are contributing tax-deductible donations to far-flung, struggling municipalities, which in return send out local specialties.

 

Prototype

 

31-PROTO2SUB-thumbStandard.jpg

A Beehive That Takes the Sting Out of the Harvest

 

By CLAIRE MARTIN

 

A father and son have built a hive that they say makes the traditionally labor-intensive extraction of honey as easy as turning a key.

 

The Workologist

 

21workologist-illo-thumbStandard.jpg

At Odds Over a Sloppy Résumé

 

By ROB WALKER

 

A supervisor questions his staff’s decision to recommend hiring a job candidate who has a résumé riddled with typos.

 

Vocations: The Mall Manager

 

31-VOCATION-thumbStandard.jpg

Keeping Shoppers Happy

 

Interview by PATRICIA R. OLSEN

 

Juan Carlos Linares, the general manager of an outlet mall in National Harbor, Md., on attracting customers to stores and then coping with parking.

 

31-NAVDY-thumbStandard.jpg

Windshield Devices Bring Distracted Driving Debate to Eye Level

 

By MATT RICHTEL

 

Head-up displays like Navdy’s claim to reduce risk by projecting information from a smartphone into a driver’s line of vision, but some experts worry the additional stimulus will be too distracting.

 

 

 

 

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

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

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