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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.

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HSBC set to cut thousands of jobs globally - Sky News

 

Bahrain 8:09pm BST

 

Malaysia Airlines CEO says carrier 'technically bankrupt', set to cut jobs, routes | btn_rel_video.gif

 

Aerospace & Defence 7:57pm BST

 

Intel to buy Altera for $16.7 billion in its biggest deal ever | btn_rel_video.gif

 

7:56pm BST

 

Uncertainty shrouds Greek debt talks after Tsipras tirade | btn_rel_video.gif

 

7:52pm BST

 

Draghi, Lagarde joining Berlin meeting on Greece - officials

 

IMF 7:52pm BST

 

Dollar climbs in wake of data; Greece talks eyed

 

FXpert 7:20pm BST

 

Trader accused of rigging Libor had agreed to plead guilty, court hears

 

UK, 6:59pm BST

 

Uncertainty shrouds Greek debt talks after Tsipras tirade | btn_rel_video.gif

 

6:50pm BST

 

CVC buys perfume and cosmetics retailer Douglas

 

5:38pm BST

 

Sluggish factory growth puts central bank stimulus in spotlight

 

5:29pm BST

 

FTSE falls, with oil and gas stocks a drag

 

FXpert 4:58pm BST

 

Officials deny market talk of deal with Greece this afternoon | btn_rel_video.gif

 

4:35pm BST

 

Dollar rallies on U.S. data, Greek debt worries

 

FXpert 4:14pm BST

 

Global factory growth picks up but stays weak - PMI

 

4:07pm BST

 

Europe's top oil firms jointly call for carbon pricing

 

2:30pm BST

 

German prices rise faster than forecast in May

 

2:29pm BST

 

Playtech to buy online forex trader Plus500

 

Middle East 2:20pm BST

 

Greece's IMF appointee steps down after ruling party backlash

 

IMF 1:49pm BST

 

Investors flock to stocks, the riskiest asset class - survey

 

12:41pm BST

 

Polish manufacturing disappoints, diverges from CEE peers

 

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Greek crisis is not a topic for G7 in Bavaria, Germany says

 

11:45am BST

 

Oil falls as OPEC output stays high, dollar rises

 

FXpert 11:42am BST

 

Germany close to signing power market agreement with neighbours

 

11:41am BST

 

World Bank raises 2015 growth forecast for Russia

 

11:38am BST

 

Morgan Stanley says OPEC may raise oil output quota

 

FXpert 11:02am BST

 

Demanding and hands-on; euro zone banks adapt to new supervisor

 

11:00am BST

 

Japan May final manufacturing PMI 50.9, back in expansion after rocky April

 

Japan 10:58am BST

 

Japan to use rosier tax revenue estimates in fiscal plan

 

Japan 10:58am BST

 

French car sales fall 4 percent in May on reported basis

 

10:33am BST

 

China factories scrabble for growth in May, export demand shrinks | btn_rel_video.gif

 

10:15am BST

 

EU watchdog warns of quantitative easing pressure on insurers

 

10:12am BST

 

China HSBC PMI at 49.2 in May, contracts third month, export orders near two-year low | btn_rel_video.gif

 

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New StanChart boss faces cash call, dividend squeeze

 

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UK plans 1980s-style sale of Lloyds shares to Britons

 

10:07am BST

 

BAT to buy Croatian tobacco business for 550 million euros

 

10:04am BST

 

China's Fosun, Anbang lead race for Portugal's Novo Banco - FT

 

10:00am BST

 

UK manufacturing index edges off seven-month low - PMI

 

UK 9:33am BST

 

China central bank provides pledged supplementary lending to select banks - sources

 

9:29am BST

 

Euro zone factory growth stumbles as core struggles - PMI

 

9:04am BST

 

German manufacturing sector growth slows to three-month low

 

8:58am BST

 

French manufacturing better but still shrinking in May - PMI

 

8:53am BST

 

Italy factory output hits four-year high in May - PMI

 

8:47am BST

 

Japan to unleash Usami as World Cup campaign begins

 

Sport, Japan 8:03am BST

 

Ultra Electronics to buy Kratos Defence's electronic products unit

 

7:21am BST

 

Russian manufacturing PMI falls to four-month low in May

 

7:08am BST

 

Greece, creditors agree on need for quick deal as talks continue

 

World, 6:51am BST

 

Bundesbank official warns Greece critical but spillover limited - newspaper

 

World, 6:51am BST

 

Jaguar Land Rover appoints new China sales head after first-quarter drop

 

6:13am BST

 

Japan first-quarter capex growth accelerates, inventories fall

 

Japan 4:12am BST

 

Tsipras says Greece not intransigent, urges EU leaders to reach deal

 

World, 4:11am BST

 

Greek PM agreed with Merkel, Hollande on need for quick deal - Greek official

 

World, 4:11am BST

 

Greek govt faces internal backlash over pick for IMF representative

 

World, 4:11am BST

 

EU's Oettinger says Greece deal still possible this week

 

World, 4:10am BST

 

Faster than China? India's road, rail drive could lay doubts to rest

 

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China National Nuclear aims to raise 1.4 billion pounds in largest IPO since 2011

 

Nuclear Power 2:28am BST

 

China May services PMI cools to 53.2

 

2:21am BST

 

South Korea May exports suffer biggest fall in nearly 6 years

 

1:59am BST

 

South Korea May PMI contracts for third month to lowest since mid-2013

 

1:05am BST

 

Japan first-quarter corporate capex up 7.3 percent year-on-year - MOF

 

Japan 12:58am BST

 

China import tax cuts no remedy for retail slowdown

 

12:31am BST

 

UK manufacturers' group cuts 2015 growth forecast

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

http://www.levyinstitute.org/publications/seven-unsustainable-processes

 

 

 

The purpose of this Strategic Analysis is not to make short-term predictions about the life expectancy of the current economic expansion in the United States, but to determine if the present stance of fiscal and trade policy is appropriate in the medium term. The expansion has been generated by economic processes that are unsustainable—processes in private saving, private borrowing, and asset prices that have fueled the growth of demand against a negative impetus from both fiscal policy and net export demand. Given unchanged fiscal policy and the consensus forecast for growth in the rest of the world, continued expansion requires that private expenditure continue to expand relative to income on a record and growing scale. It seems impossible that this source of growth can be forthcoming indefinitely, although it may well continue into next year. When private demand falters, it will be necessary to bring about a substantial relaxation of fiscal policy and ensure a structural improvement in the United States’ balance of payments.

 

http://www.levyinstitute.org/pubs/sevenproc.pdf

 

 

 

Perhaps worth a read.

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

Germany dominance over as demographic crunch worsens

 

2497018_Two-elderl_3325948d.jpg

Germany's workforce will shrink by 6m over the next 15 years, declining even faster than Japan's

10 Comments power_3325860g.jpg

Shell and BP call for international carbon pricing deal

 

Oil majors are pushing for scheme to limit emissions as they face growing criticism surrounding global warming

61 Comments

hayes_3325824g.jpg

Tom Hayes was part of 'dishonest scheme' at 'no rules' UBS

 

Former trader recorded details of phone call with a rival at another bank

 

RigaMerkelTsipras_3314051g.jpg

Greece may need to default to break impasse, says Goldman

 

Goldman Sachs says a Greek default "may be necessary" to break the current impasse in negotiations

 

 

France's Alstom focuses on commuter comfort to win HS2 train contracts

 

HS2_3325589d.jpg

French firm Alstom says its next-generation trains will be larger, more comfortable and greener, as Transport Secretary defends HS2

18 Comments

lloyds_2912519g.jpg

Government extends plan to cut Lloyds stake

 

A trading plan to reduce the Government's stake in the bank will now finish at the end of December

 

poldark-painting-u_3288947d.jpg ITV buys Poldark producer Mammoth

 

 

 

jamie-oliver_3153359g.jpg

Jamie Oliver in talks to sell restaurant stake to 3i

 

Celebrity chef explores deal that could value Jamie’s Italian, Jamie Oliver’s Diner, and Barbecoa at £200m

 

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Notonthehighstreet.com appoints Darren Shapland as chairman

 

Online retailer moves closer to potential IPO by naming City heavyweight as chairman

 

Russian bear will roar once more, says World Bank

 

Putin_butterfly_2691636d.jpg

Russia economy forecast to grow by 0.7pc next year, reversing negative growth forecast

Europe is in the recovery position, but it's still unwell

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

Semi-detached homes drive price rise

 

The price of semi-detached homes in England and Wales rose at the fastest rate of any property type in the year to the end of April, Land Registry data shows.

 

 

 

Related content

 

 

 

Full article Semi-detached homes drive price rise

 

 

 

 

 

Intel snaps up Altera in $16bn deal

 

The world's biggest chipmaker, Intel, has agreed to buy smaller rival Altera in a $16.7bn deal.

 

 

 

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Full article Intel snaps up Altera in $16bn deal

 

Malaysia Airlines is 'bankrupt'

 

 

Full article Malaysia Airlines is 'bankrupt'

US Muslim in Abercrombie hijab win

 

 

Full article US Muslim in Abercrombie hijab win

Slight pick-up in UK manufacturing

 

 

Full article Slight pick-up in UK manufacturing

 

 

 

US manufacturing picks up pace

 

 

Full article US manufacturing picks up pace

Rail strikes suspended after talks

 

  • 6 hours ago
  • From the section UK

 

Full article Rail strikes suspended after talks

Employers of carers 'to pay pension'

 

 

Full article Employers of carers 'to pay pension'

BAT agrees to buy cigarette firm TDR

 

 

Full article BAT agrees to buy cigarette firm TDR

FTSE hit by weak manufacturing survey

 

 

Full article FTSE hit by weak manufacturing survey

Premium Bonds investment limit rises

 

Lloyds retail share sale confirmed

 

 

 

 

The government has confirmed that it will launch a Lloyds share sale to the public "in the next 12 months".

 

 

 

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

U.S. Releases 2013 Data on Medicare Billing

 

By REED ABELSON 12:23 PM ET

 

Data from the Centers for Medicare and Medicaid Services includes payments and services connected with the 100 most common Medicare hospital stays.

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Caitlyn, Formerly Bruce, Jenner Introduces Herself in Vanity Fair

 

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An Olympic gold medalist, author, actor and reality television star discusses her transition to a woman in an article in the magazine.

 

 

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Academics Seek a Big Splash

 

By NOAM SCHEIBER

 

The benefits of generating media attention may be skewing research studies and broadening their findings.

 

 

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For Charter Communications Chief, Time Warner Cable Is a Long-Sought Prize

 

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With last week’s cable deal, Thomas M. Rutledge stands to become one of the most powerful people in the Internet and television industries.

 

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‘Viagra for Women’ Gets Push for F.D.A. Approval

 

By ANDREW POLLACK

 

A campaign for a drug that aims to restore lost libido accuses the Food and Drug Administration of gender bias for approving Viagra and 25 other drugs to help men have sex, but none for women.

 

 

02intel-web-thumbStandard.jpg

Intel Agrees to Buy Altera for $16.7 Billion

 

By CHAD BRAY

 

The deal would be the latest in a wave of consolidation as chip makers look to increase their scale and product offerings.

 

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George Zimmer Starts an ‘Uber for Tailors’

 

By DAVID GELLES

 

The founder of Men’s Wearhouse is officially unveiling zTailors, a website and app that connect customers with on-demand tailors who make house calls.

 

 

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

German jobless rate stays at record low in May | btn_rel_video.gif

 

7:33pm BST

 

U.S. equities helped by weak dollar; inflation lifts euro

 

FXpert 7:21pm BST

 

Deutsche, Merrill courted ex-Libor trader after Citi sacked him - court hears

 

7:13pm BST

 

IMF economists say some countries can 'just live with' high debt

 

IMF 6:54pm BST

 

Oil up 2 percent as dollar slips; U.S. stockpiles seen down | btn_rel_video.gif

 

FXpert 6:50pm BST

 

Greece, creditors line up rival reform proposals to unlock aid

 

5:53pm BST

 

Tobacco stocks drag FTSE to three-week closing low, Merlin slumps

 

FXpert 5:35pm BST

 

Britain to exceed government target for 15 new banks in next 5 years

 

UK 5:30pm BST

 

Shareholder advisory group urges revolt against Sorrell's pay at WPP

 

5:21pm BST

 

Too big to succeed? Investors want 'radical surgery' at HSBC | btn_rel_video.gif

 

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Lufthansa seeks to take more control over ticket sales

 

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Euro pushes through $1.10 after higher inflation print

 

FXpert 4:00pm BST

 

UK home prices to rise 6 percent this year, brush off any later BoE hikes - poll

 

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Eurogroup's Dijsselbloem: Greek payment deal not expected this week

 

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Germany rallies reinforcement to pitch for EU-U.S. trade deal

 

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Airbus wins A320 order from Frontier Airlines

 

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Britain leans on consumers as mortgage approvals, loans surge

 

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BP mulling possible new projects in Russia - RIA

 

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BoE to scrutinise insurer investment in infrastructure

 

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HSBC appoints two female non-executive directors | btn_rel_video.gif

 

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UK water firm Severn Trent secures 530 million pound loan

 

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Vattenfall to boost German investment despite losing billions abroad

 

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Global regulators concerned over banks' own capital risk models

 

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Greece's creditors readying deal to put to Athens - source

 

IMF 12:48pm BST

 

Greek government needs to respect nation's 'sacrifices' - central bank head

 

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UK grocer Morrisons posts rare sales rise - Kantar

 

11:26am BST

 

Greece calls on lenders to accept 'realistic' plan sent on Monday

 

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Euro zone back to inflation as May prices beat forecast

 

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Shastri to lead India on Bangladesh tour

 

Sport, 11:02am BST

 

Amec Foster Wheeler expects further drop in 2015 trading margins

 

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Greece's central bank head 'very optimistic' on staying in euro

 

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HSBC set to cut thousands of jobs globally - Sky News | btn_rel_video.gif

 

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Premier Oil strikes deal to take full control of Shetlands project

 

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French prosecutor requests HSBC bail to be confirmed - judicial source

 

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U.S. market powers Wolseley profit rise

 

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ECB's Nouy says Greek banks solvent

 

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Greece will make June 5 IMF payment if deal with lenders reached - official

 

IMF 9:36am BST

 

EU/IMF leaders did not contact Greek PM after Berlin talks - source

 

IMF 9:36am BST

 

Germany's Gabriel sees 'gigantic' fallout if Greece goes bankrupt

 

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Growth in UK construction picks up, optimism surges after election - Markit/CIPS

 

UK, 9:35am BST

 

Online retailer AO World to step up European expansion

 

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Greek factory activity shrinks in May, exports orders decline - PMI

 

9:10am BST

 

Henderson buys two fund firms in Australian expansion drive

 

Australia 8:41am BST

 

Pernod Ricard aims to accelerate sales growth

 

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Brookfield Property buys UK holiday group Center Parcs

 

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EU's Moscovici says Greece has made pension proposals

 

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Brait's new buy New Look posts big profit rise

 

Africa 8:00am BST

 

EU's Moscovici sees progress in Greek talks, urges more efforts

 

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Britain names three on shortlist for East Anglia rail franchise

 

UK, 7:43am BST

 

Pernod Ricard sees sales, profit growth pick up in medium term

 

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Ericsson wins seven-year managed services deal with BBC

 

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Irish manufacturing growth speeds up again in May - PMI

 

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Exclusive - Fiat Chrysler delays many future vehicle programmes

 

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BOJ's Kuroda says FX should reflect fundamentals

 

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Rights groups reject OECD approach on corporate tax avoidance

 

G20 5:03am BST

 

Intel to buy Altera for $16.7 billion in its biggest deal ever | btn_rel_video.gif

 

2:56am BST

 

Intel's purchase of Altera defends its datacentre dominance

 

2:56am BST

 

European, IMF leaders agree to work intensely in Greek debt talks | btn_rel_video.gif

 

12:28am BST

 

EU agency calls for action on severe labour exploitation

 

12:17am BST

 

Tobacco companies to appeal C$15 billion Canadian court ruling

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

Former Barclays chairman: Bank ring-fence should be scrapped

 

banks_3326863d.jpg

Sir David Walker says ring-fencing is a 'uniquely British policy' which will penalise the UK economy

1 Comment Stack_of_pound_coi_3121362g.jpg

Britain can afford to live with high debt 'forever', says IMF

 

Living with high debt may be the "optimal policy" for countries such as the UK, Germany and the US, according to IMF economists, who warn that austerity may do more harm than good

 

hayes_3325824g.jpg

Sacked Tom Hayes kept £2.2m bonus

 

Former UBS and Citigroup trader allegedly told bosses: 'how much are you going to pay me to go quietly?'

 

Greek default draws closer as opposing sides swap ultimatums

 

athens_3327332d.jpg

'The Greeks cannot have their cake and eat it. A hard choice has to be made between euro exit and adjustment to remain in EMU,' says Goldman Sachs

11 Comments

BAT_2148576g.jpg

Tobacco shares tumble following £8.2bn damages ruling

 

More than £2.5bn was wiped off British American Tobacco and Imperial Tobacco amid fears of other legal claims

 

supermarkets_1119536g.jpg

Morrisons sales grow for first time since 2013

 

Tesco still under pressure according to latest supermarket sales figures, as Morrisons shows signs of fightback

 

UK construction sector sees 'post-election bounce' as optimism soars

 

builder_2153420d.jpg

Housebuilding has fuelled a rebound in Britain's construction industry and pushed optimism among firms up to its highest level since 2006

 

HSBC0_1_1493741g.jpg

HSBC bolsters board ahead of UK domicile decision

 

Britain's biggest bank adds two new female non-executive directors to its board

 

 

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AO World boss urges investors to keep faith

 

The online white goods retailer, which floated for £1.2bn last year, has been criticised for its valuation as it posts pre-tax loss

 

 

Center Parcs sold to Canadian property giant

 

parcs_3051787d.jpg

Brookfield has bought the holiday parks business from private equity group Blackstone

Europe must make up its mind - does it want Greece in or out?

 

Greece must stop hoping for a miracle - it needs to leave the euro

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

Herbalife Steps Up Lobbying to Counter Ackman’s Attacks

 

By ALEXANDRA STEVENSON and BEN PROTESS 2:41 PM ET

 

Both the hedge fund billionaire William A. Ackman and Herbalife have turned to federal authorities to defend against each other.

 

03takata-web2-thumbStandard.jpg

Cause of Airbag Ruptures Is Likely Focus of Takata Hearings in Washington

 

By HIROKO TABUCHI 1:23 PM ET

 

Despite concerns about ammonium nitrate, the chemical used to inflate the airbags, Takata’s new designs would continue to use it.

 

03greekdebt-web-thumbStandard.jpg

Greece Challenges Creditors With New Proposal to Break Debt Impasse

 

By LIZ ALDERMAN 2:05 PM ET

 

Athens unveiled a plan to unlock financial aid, as creditors like the European Commission and I.M.F. were working on their own proposal.

 

Walmart to Raise Starting Pay for Some Managers in U.S.

 

By HIROKO TABUCHI 12:30 PM ET

 

Managers of departments more complicated to run, like electronics, will receive at least $13 an hour and as much as $24.70 an hour,. The previous range was $10.30 to $20.09 an hour.

 

Automakers Report May Sales Beat Forecasts

 

By BILL VLASIC 1:41 PM ET

 

Easier consumer credit, gas prices and new models kept demand strong during the month, with pickups and S.U.V.s driving sales.

 

03united-web-thumbStandard.jpg

United Airlines Delays Flights Because of Computer Problem

 

By JAD MOUAWAD 12:22 PM ET

 

The airline did not explain the nature of the problem Tuesday morning but said departures resumed after about 40 minutes.

 

insure1-thumbStandard.jpg

Seeking Rate Increases, Insurers Use Guesswork

 

By REED ABELSON

 

Many insurers say they are asking for higher premiums because they remain unsure about the future and what their medical costs will be.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Greek PM in new debt deal proposal

 

Greek Prime Minister Alexis Tsipras says he has issued "a realistic proposal" to its international creditors in an attempt to secure a deal over its debts.

 

 

 

Related content

 

 

 

Full article Greek PM in new debt deal proposal

 

 

 

 

 

Ex-retail boss in restraining order

 

The retailer American Apparel has been granted a restraining order against its former boss, Dov Charney.

 

 

 

Related content

 

 

 

Full article Ex-retail boss in restraining order

 

Center Parcs bought 'for £2.4bn'

 

 

Full article Center Parcs bought 'for £2.4bn'

Eurozone returns to inflation

 

 

Full article Eurozone returns to inflation

Big six energy firms face price call

 

 

Full article Big six energy firms face price call

 

 

 

Spring bounce for mortgage market

 

 

Full article Spring bounce for mortgage market

Gas firms in 'clean energy' rebrand

 

 

Full article Gas firms in 'clean energy' rebrand

Fitbit flotation to raise up to $358m

 

 

Full article Fitbit flotation to raise up to $358m

AO World reports loss for the year

 

 

Full article AO World reports loss for the year

Germany's unemployment at record low

 

 

Full article Germany's unemployment at record low

Construction sector rebounds in May

 

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

Euro rally, bond selloff pause; Greece eyed

 

FXpert 7:33pm BST

 

Greece delays IMF payment, PM to brief angry parliament | btn_rel_video.gif

 

IMF 7:32pm BST

 

Greece to bundle June IMF payments into one due at month's end - IMF

 

IMF 6:19pm BST

 

Germany's Merkel says Greek debt talks far from a conclusion

 

6:15pm BST

 

UK to sell Royal Mail stake, targets 1.5 billion pounds

 

UK 6:10pm BST

 

Greece asks to bundle IMF payments to pay at end of June - Kathimerini

 

IMF 6:08pm BST

 

Royal Mail, Johnson Matthey lead FTSE lower

 

FXpert 6:04pm BST

 

Oil tumbles again before OPEC; worry over spiking European yields

 

FXpert 5:16pm BST

 

Greek PM says 'extreme proposals' cannot be accepted - source

 

4:50pm BST

 

EU gives banks, pension funds more breathing space over derivatives

 

G20 4:28pm BST

 

Asia's resilient fuel demand vindicates OPEC policy...for now | btn_rel_video.gif

 

4:19pm BST

 

Tight oil is here to stay, Conoco CEO tells OPEC

 

FXpert 4:19pm BST

 

Watchdog to fine Lloyds $154 million for PPI failings - sources

 

4:12pm BST

 

Tesco hires HSBC to explore sale of $6 billion South Korea arm - sources

 

3:42pm BST

 

Greek PM has no plans for confidence vote Friday - government sources

 

3:42pm BST

 

EU could host Tsipras again late Friday, maybe ECB, IMF too - EU source

 

2:55pm BST

 

HSBC to pay 40 million Swiss francs in Geneva money laundering probe

 

2:43pm BST

 

Geneva prosecutor says HSBC settlement does not affect employees

 

2:43pm BST

 

EU/IMF lenders demand asset sales, pension cuts in Greek proposal

 

IMF 2:37pm BST

 

Dijsselbloem - Greece to come up with counter-proposals

 

2:18pm BST

 

New Morrisons duo get former boss's support to diffuse investor tension

 

2:01pm BST

 

Madrona taps Amazon, Microsoft alumni for new 194 million pounds venture fund

 

12:39pm BST

 

Airline Monarch says still on to return to profitability this year

 

Aerospace & Defence 12:09pm BST

 

Bank of England keeps rates on hold, watches for recovery rebound

 

FXpert 12:08pm BST

 

Irish consumer sentiment steady, household spending still cautious

 

12:05pm BST

 

EU's Moscovici optimistic on progress in Greek talks, but still 'way to go'

 

11:53am BST

 

Highlights - OPEC's meeting this week in Vienna

 

11:30am BST

 

Tesco to offer unsold food to British charities

 

UK 11:11am BST

 

Greece's Varoufakis sees 'no reason whatsoever' for early elections

 

11:03am BST

 

Greece aims to meet all debt obligations, Varoufakis says

 

IMF 10:50am BST

 

Johnson Matthey sees stronger year ahead after spike in debt

 

10:47am BST

 

IMF calls for simpler EU budget rules, focus on debt

 

IMF 10:38am BST

 

Creditors' offer prompts anger, dismay in Greece

 

10:26am BST

 

EU's Moscovici convinced will find a deal on Greece

 

9:48am BST

 

China May data to show economy steadying but still in need of support

 

9:29am BST

 

Airbus wins 247 aircraft orders in January-May

 

Aerospace & Defence 9:16am BST

 

UK new car registrations up 2.4 percent in May - SMMT

 

UK, 9:10am BST

 

Pets at Home upbeat as profits rise

 

8:56am BST

 

EU court backs Hungary's MOL against EU subsidy ruling

 

8:56am BST

 

Halifax says UK house prices dipped in May, sees upward pressure

 

UK 8:54am BST

 

Sports Direct names finance chief after 18 month gap

 

8:32am BST

 

Greece cannot accept deal terms proposed by Juncker - deputy minister

 

7:47am BST

 

Bank of France sees French growth picking up

 

7:37am BST

 

Mazda recalls 75,000 cars in Japan after Takata expands U.S. recall

 

Japan 6:48am BST

 

Irish services sector growth hits 3-month high in May - PMI

 

6:15am BST

 

Reforms at risk as China eyes 2020 growth goal

 

3:16am BST

 

China may free up bank deposit rates soon - central bank official

 

3:16am BST

 

Crude oil prices rise on strong fuel demand, weakening dollar

 

FXpert 2:37am BST

 

EU says Greek talks made progress, to meet again | btn_rel_video.gif

 

12:50am BST

 

Tsipras says deal 'close' after meeting EU's Juncker

 

12:37am BST

 

Ireland risks breaking EU fiscal rules in 2016 - watchdog

 

12:13am BST

 

Dijsselbloem says more Greek debt talks in days

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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UK welfare spend 'to hit 25-year low'

 

Government spending cuts will see unprotected parts of the social security budget fall to their lowest level for 25 years, the Institute for Fiscal Studies warns.

 

 

 

Related content

 

 

 

Full article UK welfare spend 'to hit 25-year low'

 

 

 

 

 

Israel PM attacks Orange over deal

 

Israel's Prime Minister has attacked the boss of the French telecom giant Orange for looking to pull out of a deal with an Israeli partner.

 

 

 

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Full article Israel PM attacks Orange over deal

 

IMF asks Fed to delay rate rise

 

  • 4 hours ago
  • From the section UK

 

Full article IMF asks Fed to delay rate rise

UK interest rates kept at record low

 

 

Full article UK interest rates kept at record low

Royal Mail stake to be sold off

 

  • 2 hours ago
  • From the section UK Politics
  • 696 comments

 

Full article Royal Mail stake to be sold off

 

 

 

Premier League finances in 'new age'

 

 

Full article Premier League finances in 'new age'

Virgin Galactic pilot recalls crash

 

 

Full article Virgin Galactic pilot recalls crash

Ikea in big climate change plan

 

 

Full article Ikea in big climate change plan

Homes for sale 'lowest for years'

 

 

Full article Homes for sale 'lowest for years'

Marks and Spencer boss nets big bonus

 

 

Full article Marks and Spencer boss nets big bonus

Ex-dividend firms drag down FTSE 100

 

Greece to delay IMF debt payment

 

 

 

 

Greece tells the International Monetary Fund it will delay Friday's €300m (£216m) debt repayment and bundle all four of its June payments together.

 

  • 1 hour ago
  • From the section Europe

 

 

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.

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Share on other sites

Greece refuses to make €305m IMF payment in show of defiance

 

Greece_2219588d.jpg

Greece follows in the steps of Zambia and requests that four payments to the IMF due this month are 'bundled' into one

 

royal-mail_2695354g.jpg

Royal Mail shares fall after Osborne announces sale plan

 

Government appoints Rothschild to sell remaining 30pc stake in postal service

 

US should delay rate hikes until next year, says IMF

 

newPic_6499_PNG_3329786d.jpg

Fund says delaying rises will provide "valuable insurance" against the dangers of low inflation

 

 

tesco_1879788g.jpg

Tesco takes steps towards $6bn South Korean sell-off

 

Troubled supermarket hires HSBC to explore options for Asian operations

Comment

baker-St-1_2681247g.jpg

Lloyds to be hit with record fine for PPI failings

 

Bank to pay more than £100m to Financial Conduct Authority in latest mis-selling blow

 

HSBC_3329992g.jpg

HSBC to pay £28m after money laundering investigation

 

Bank pays £28m to end investigation into private bank in Geneva

 

Tunnelling finished on Crossrail project

 

66287_Crossrail_s-_2495552d.jpg

 

Video Engineers have bored 26 miles of tunnels beneath the capital for the rail link, which will start operating in 2018

 

Monarch-Airlines_2926869g.jpg

Monarch restructuring takes-off as losses shrink

 

European airline targets a return to profitability following rescue deal

 

 

M_S2_2562910g.jpg

Marks & Spencer boss Marc Bolland gets £596k bonus

 

M&S chief executive's pay package grows by a third as retailer increases annual profits

 

Shell CEO urges Britain to remain in the EU

 

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Shell CEO Ben van Buerden is the latest business leader to voice his views on a possible 'Brexit'

 

The Tories have a one-off chance to make the case for capitalism

 

Little convenience stores could become a big problem for supermarkets

 

Europe has no choice - it has to save Greece

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

Greece may opt for elections if hard pressed with EU/IMF ultimatum

 

03 Jun 2015

 

OPEC moots $80 as new 'fair' oil price - but will it stick?

 

03 Jun 2015

 

Ireland government launches inquiry into Anglo Irish Bank wind down

 

03 Jun 2015

 

Inmarsat to join FTSE 100, replace Aggreko

 

03 Jun 2015

 

Reforms at risk as China eyes 2020 growth goal

 

03 Jun 2015

 

U.S. stocks advance on data, Greek hopes; bund yields, euro rise

 

FXpert 03 Jun 2015

 

Oil down 3 percent despite U.S. stockpile drop; pre-OPEC mood glum

 

FXpert 03 Jun 2015

 

Brokers were 'tool in my armoury' for ex-trader Hayes, court told

 

UK 03 Jun 2015

 

BASF mulls potential bid for Syngenta - sources

 

03 Jun 2015

 

Greek PM calls Merkel, Hollande, agrees on need for fast solution

 

03 Jun 2015

 

Insight - Banks wary of doing FIFA business in wake of bribery scandal

 

Special Reports, Sport 03 Jun 2015

 

Top UK shares rise despite subdued data

 

FXpert 03 Jun 2015

 

ECB raises inflation forecast but sees growth momentum faltering | btn_rel_video.gif

 

03 Jun 2015

 

Germany's Schaeuble dashes hopes for quick Greek deal

 

03 Jun 2015

 

FCA proposes new rules to avoid excessive fees for benchmarks

 

03 Jun 2015

 

Greece deal could come in hours, days - France's Hollande

 

03 Jun 2015

 

ECB says Greece needs to agree strong debt pact

 

03 Jun 2015

 

Nomad Foods in talks to buy Findus European frozen food business

 

03 Jun 2015

 

OPEC set to hold line on output, setting aside Iran dilemma

 

03 Jun 2015

 

Lloyds loses attempt to buy back bonds and save $1.5 billion

 

03 Jun 2015

 

ECB leaves rates unchanged as expected

 

03 Jun 2015

 

Spanish economy minister 'totally sure' of Greek deal

 

Spain 03 Jun 2015

 

Greek PM calls on lenders to show 'realism', end Grexit talk

 

03 Jun 2015

 

EU's Juncker to meet Greek PM, no deal expected

 

03 Jun 2015

 

Grexit would be catastrophic - German foreign minister

 

03 Jun 2015

 

Euro bailout chief: Difficult to say how negotiations with Greece will end

 

03 Jun 2015

 

IT security firm Sophos plans London listing

 

03 Jun 2015

 

UK services growth stumbles in May, points to slower recovery

 

UK, 03 Jun 2015

 

Euro zone business growth loses pace but unemployment dips

 

03 Jun 2015

 

Dixons Carphone says merger proving a winner in UK

 

03 Jun 2015

 

LPC-Lenders to UK's Cory Environmental to decide on restructuring - sources

 

03 Jun 2015

 

Iraq oil minister cites optimism, general acceptance within OPEC

 

03 Jun 2015

 

OECD cuts global growth forecast, says recovery taking hold | btn_rel_video.gif

 

03 Jun 2015

 

OECD says Japan needs spending cuts, not on track to meet fiscal targets

 

Japan 03 Jun 2015

 

Highlights - OPEC's meeting this week in Vienna

 

03 Jun 2015

 

BP CEO sees oil price 'softness' in second half of 2015

 

03 Jun 2015

 

UAE oil minister says correction not over yet

 

03 Jun 2015

 

Saudi's Naimi says oil market risk premium is 'very, very small'

 

03 Jun 2015

 

OPEC's Badri - 'everything is very clear' for Friday meeting

 

03 Jun 2015

 

Samsung Electronics says no plans to merge with Samsung SDS

 

03 Jun 2015

 

Jack Daniel's maker to try hand at Irish whiskey

 

03 Jun 2015

 

Eurogroup head to join Greek talks in Brussels - official

 

03 Jun 2015

 

BP ceases production at Australian Bulwer Island refinery

 

03 Jun 2015

 

BP says to suspend operations at Caspian Sea platform for maintenance

 

03 Jun 2015

 

Volvo car sales down in May as new XC90 impact awaited

 

03 Jun 2015

 

Irish homebuilder Cairn to raise up to $446 million in London listing

 

03 Jun 2015

 

Euro zone business growth loses some steam in May but hiring jumps - PMI

 

03 Jun 2015

 

German private sector expands at slowest pace this year in May - PMI

 

03 Jun 2015

 

French services sector expands faster in May - PMI

 

03 Jun 2015

 

French economy minister says confident Greek deal can be reached

 

03 Jun 2015

 

UK house price growth slowest in nearly two years - Nationwide

 

UK, 03 Jun 2015

 

BOJ Shirai warns of risks to price outlook, sees no imminent easing

 

Japan 03 Jun 2015

 

BOJ must ease if path towards price goal 'clearly disrupted' - Shirai

 

03 Jun 2015

 

IT security firm Sophos plans London listing

 

03 Jun 2015

 

Workspace's NAV surges on strong demand for UK commercial space

 

03 Jun 2015

 

Royal Mail names TUI boss Long as new Chairman

 

03 Jun 2015

 

Russia May services PMI rises, indicates recovery

 

03 Jun 2015

 

China May services PMI rises to 53.5, new business up most since 2012

 

03 Jun 2015

 

Britain to exceed government target for 15 new banks in next five years

 

UK 03 Jun 2015

 

UK shop prices fall 1.9 percent on year in May - BRC

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

Greece to Put Off Friday Debt Payment to I.M.F.

 

By NIKI KITSANTONIS 19 minutes ago

 

Amid tense negotiations, Athens invoked a little-used option to defer June payments to the International Monetary Fund until the end of the month.

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Hunting for Hackers, N.S.A. Secretly Expands Internet Spying at U.S. Border

 

By CHARLIE SAVAGE, JULIA ANGWIN, JEFF LARSON and HENRIK MOLTKE 11:00 AM ET

 

Searching for evidence of computer hacking originating abroad, the Obama administration has stepped up warrantless monitoring, documents show.

 

 

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New E.T.F.s Appeal to Those With Bigger Appetites for Risk

 

By LANDON THOMAS Jr. 10:08 AM ET

 

One new fund tracks the dividends that companies pay, while another mimics core hedge fund strategies.

 

05FRACKINGWEB-thumbStandard.jpg

Fracking Has Not Had Big Effect on Water Supply, E.P.A. Says While Noting Risks

 

By CORAL DAVENPORT 1:13 PM ET

 

The agency said it had found no evidence that hydraulic fracturing has had a widespread effect on drinking water, but it warned that it does have the potential to do so.

 

Bits Blog

 

04bits-sandberg-thumbStandard.jpg

Sheryl Sandberg’s Post on Late Husband Sets Off Meditations on Grief

 

By VINDU GOEL 1:44 PM ET

 

Sheryl Sandberg’s post on her late husband, Dave Goldberg, marking the end of a 30-day mourning period, has sparked numerous meditations on grief.

 

05db-avon-web-thumbStandard.jpg

S.E.C. Charges Bulgarian Man in Fake Takeover Offer for Avon

 

By MATTHEW GOLDSTEIN 2:30 PM ET

 

Nedko Nedev tried to manipulate the stocks of Avon and Rocky Mountain Chocolate Factory by using the Edgar database to submit bogus takeover bids.

 

04JP-INEQUALITY-thumbStandard-v2.jpg

Inequality Troubles Americans Across Party Lines, Times/CBS Poll Finds

 

By NOAM SCHEIBER and DALIA SUSSMAN

 

A strong majority says steps need to be taken urgently to assure that the fruits of the economic recovery are shared among income classes, according to the New York Times/CBS News poll.

 

 

05imf-web-thumbStandard.jpg

I.M.F. Urges Fed to Delay Raising Interest Rates

 

By BINYAMIN APPELBAUM 11:57 AM ET

 

Citing slower-than-expected economic growth, the International Monetary Fund said early 2016 would be a better time to raise the benchmark rate.

 

04JP-WALMART-thumbStandard.jpg

Walmart Adjusts the Thermostat to Warm Worker Relations

 

By HIROKO TABUCHI

 

The effort to project an image of a more caring employer includes adjusting the air-conditioning, relaxing the dress code and jazzing up store music.

 

05soundcloud-web-thumbStandard.jpg

SoundCloud Reaches Royalty Deal With 20,000 Record Labels

 

By BEN SISARIO

 

The popular music streaming service, which says it has 175 million monthly users, has been facing industry pressure to strike formal licensing deals.

 

 

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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