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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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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

Greece faces last chance to stay in euro as cash runs out | btn_rel_video.gif

 

World 7:53pm BST

 

U.S. crude resumes fall as investors seek safe havens

 

FXpert 7:22pm BST

 

Former trader Hayes wanted to do a perfect job, Libor trial hears

 

UK 6:31pm BST

 

Greece seeking interim funding solution for July - official

 

World 6:22pm BST

 

White House says Obama spoke to German, Greek leaders

 

World 6:16pm BST

 

Stocks, euro fall on Greece concerns; commodities tumble

 

FXpert 6:10pm BST

 

Setback for Marks & Spencer as clothing sales dip

 

5:28pm BST

 

New Greek proposal improves on last week's offer - Greek official

 

World, 5:10pm BST

 

FTSE drops to lowest in around six months

 

FXpert 5:01pm BST

 

Horizon Pharma goes hostile with $3 billion offer for Depomed

 

5:00pm BST

 

France's Hollande says immediate aid is available for Greece

 

World 4:51pm BST

 

Tsipras briefs Obama on bid for euro zone loan - Greece

 

World 4:47pm BST

 

Merkel says Greece must reform to secure credit

 

World, 4:32pm BST

 

Eurogroup to hold conference call on Greek ESM request Wednesday

 

World 4:18pm BST

 

Greece says made credit proposal based on last week plan

 

World 4:17pm BST

 

Greek olive farmers demand cash as bank fears grow

 

World, 4:11pm BST

 

Greece expected to file loan request within hours - Stubb

 

World 3:56pm BST

 

Greece's Tsipras to meet Merkel, Hollande before summit - official

 

World 3:52pm BST

 

Ryanair to start flights to Israeli resort of Eilat

 

Middle East 3:36pm BST

 

UK's NIESR estimates economy grew 0.7 percent in second quarter

 

3:26pm BST

 

IOU-currency would put Greece in line to quit euro

 

World 3:24pm BST

 

Greece's Tsipras to address European Parliament Wednesday - official

 

World 3:00pm BST

 

Western Union restarts money transfer service in Greece

 

World 2:59pm BST

 

Greece plans new application for financial aid - Handelsblatt

 

World, 2:52pm BST

 

EU's Tusk spoke with Greece's Tsipras to prepare for euro zone summit

 

World, 2:17pm BST

 

ECB says can't be 'overly generous' with emergency loans

 

World 1:24pm BST

 

Software firm Sage brings funding options to its SME customers

 

1:02pm BST

 

China stocks fall again despite support measures | btn_rel_video.gif

 

12:59pm BST

 

UK proposes tighter rules for financial market traders

 

FXpert 12:49pm BST

 

Germany's Schaeuble - debt writedown against bailout rules

 

World 12:08pm BST

 

Greece has not asked us for financial help, says Russian minister

 

World 11:52am BST

 

Japan's Aeon interested in buying Tesco's Malaysia unit -sources

 

Japan 11:50am BST

 

Greek crisis a political, not banking or market issue - SocGen CEO

 

World 11:35am BST

 

German 'Grexit' calls raise pressure on Merkel

 

World, 11:31am BST

 

One in two French want Greece out of euro - poll

 

World 11:23am BST

 

Germany's Gabriel - could talk about Greek debt if Athens reforms

 

World 10:54am BST

 

UK watchdog to investigate conduct at RSA's Irish arm

 

UK 10:48am BST

 

EU's Juncker challenges Greeks, Germans to avoid Grexit

 

World 10:06am BST

 

European Parliament's Schulz says "Grexit cannot be our aim"

 

World 10:06am BST

 

UK May industrial output jumps on oil boost, but manufacturing weak

 

9:33am BST

 

UK Mortgages eyes home loan investment spree after raising $505 million

 

8:52am BST

 

EU's Oettinger says unity in Athens raises hopes for euro summit

 

World 8:12am BST

 

Chancellor Osborne to propose extending Sunday trading hours

 

UK 8:00am BST

 

Greek debt haircut not a taboo - Luxembourg FinMin

 

World 7:28am BST

 

Greek deal needed for Greece and coherence of euro zone - France's Valls

 

World 7:20am BST

 

More than 200 Chinese firms say to halt trading - Securities Times

 

5:10am BST

 

Samsung clears hurdle on way to $8 bln shakeup as court rules against U.S. fund

 

4:35am BST

 

Facebook executive Sheryl Sandberg joins board of SurveyMonkey

 

4:10am BST

 

Japan finance minister: ready to respond to market moves over Greece

 

Japan 2:20am BST

 

KKR rejoins bidding process for Tesco's South Korea unit - Korea Economic Daily

 

2:16am BST

 

China premier says Beijing has ability to deal with risks to economy - gov.cn

 

2:14am BST

 

Germany, France press Greece to make fast, credible proposals | btn_rel_video.gif

 

World 12:55am BST

 

EU's Oettinger says Greece likely to issue IOUs, could pave way to Grexit - Bild

 

World 12:54am BST

 

Britain depends increasingly on services sector to drive growth - BCC

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

'No new Greek plan' as leaders meet

 

 

 

 

The eurozone says Greece has submitted "no new proposals" for a bailout deal, as leaders meet for a crucial summit.

 

Related content

 

 

Libor trader says managers knew

 

A trader accused of manipulating the Libor rate has told a court that senior managers knew what he was doing.

 

 

 

Related content

 

 

 

Full article Libor trader says managers knew

 

 

 

 

 

Open courts demanded for EU-US trade

 

The European Parliament says an EU-US trade deal, known as TTIP, must not allow private courts to handle investment disputes.

 

  • 5 hours ago
  • From the section Europe

 

 

Related content

 

 

 

Full article Open courts demanded for EU-US trade

 

Watchdogs tighten rules for banks

 

 

Full article Watchdogs tighten rules for banks

Energy customers 'paying too much'

 

  • 8 hours ago
  • From the section Business
  • 402 comments

 

Full article Energy customers 'paying too much'

Nigeria bailout for bankrupt states

 

  • 2 hours ago
  • From the section Africa

 

Full article Nigeria bailout for bankrupt states

 

 

 

Oil and gas boosts UK industry

 

 

Full article Oil and gas boosts UK industry

Marks and Spencer recovery stalls

 

Full article Marks and Spencer recovery stalls

Watchdog probe into RSA's Irish unit

 

Full article Watchdog probe into RSA's Irish unit

Sunday trading laws could be relaxed

 

Full article Sunday trading laws could be relaxed

Rolls-Royce leads FTSE 100 lower

 

Full article Rolls-Royce leads FTSE 100 lower

China shares fall despite support

 

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

ECB tightens noose as creditor powers punish Greece

 

varou_3366682d.jpg

Greek 'No' vote sees lenders act in concert, warning of imminent bankruptcy unless Athens capitulates to fresh reform demands

1231 Comments

gasbill_1206945g.jpg

British Gas: CMA overcharging analysis 'not credible'

 

Centrica chief executive Iain Conn says CMA claim that households have been paying £1.2bn a year too much for energy "doesn't stack up"

Comment

poker_3367995g.jpg

GVC makes £900m bet on Bwin

 

Online betting firm GVC teams up with Canada's Amaya to launch bid for Bwin and head off rival approach from 888

Comment

hayes_3325824g.jpg

Hayes says he offered to plead guilty to avoid US extradition

 

The judge in the Libor trial told jurors that Mr Hayes has been diagnosed with Asperger’s syndrome, which means he tends to only see the world in black and white

 

An extra 150,000 bankers to be monitored by watchdog

 

wharf_2985107d.jpg

 

asos-bridesmaid1_3367555g.jpg

Asos walks down the aisle towards handsome profits

 

Online fashion retailer upgrades revenue forecasts after a boost from bridesmaid dresses

 

swt_2696493g.jpg

Stagecoach must bid for South West rail franchise after Government talks collapse

 

 

Marks & Spencer recovery thwarted as clothing sales fall again

 

m_2030560d.jpg

Cool weather and high street discounting drags M&S clothing business back into decline, as shareholders criticise products

 

 

RBS_2237628g.jpg

RBS faces £8bn in fines and redress costs this year, warn analysts

 

Legal costs at the state-backed bank will get worse before they get better, Barclays analysts predict

 

 

Robust UK growth suggests rate rises getting closer, says NIESR

 

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UK economy grew at a "robust" pace of 0.7pc in the three months to June, analysis shows

 

Creditors will gain nothing from toppling Europe-lover Varoufakis

 

Greece: Even Wile E Coyote eventually fell off the cliff

 

East may find it hard to get cash-strapped Rolls’s engines running again

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

Code Specialists Oppose U.S. and British Government Access to Encrypted Communication

 

By NICOLE PERLROTH

 

 

A new report says giving the governments “exceptional access” to encrypted communications would jeopardize confidential data and critical infrastructure.

 

 

 

 

07UP-Minimum-sfSpan.jpg

Seth Wenig/Associated Press

 

 

The Upshot

 

Why a Meaningful Boost for Those at the Bottom Requires Help From the Top

 

By NOAM SCHEIBER

 

Even a nationwide minimum wage of $15 an hour would not change the overall trajectory of inequality.

 

 

 

 

 

 

 

 

 

 

 

08tobacco-web-thumbStandard.jpg

CVS Health Quits U.S. Chamber Over Stance on Smoking

 

By DANNY HAKIM 2:13 PM ET

 

The move comes after revelations that the chamber and its foreign affiliates were undertaking a global lobbying campaign against antismoking laws.

 

08Eurogroup1-web-thumbStandard.jpg

Greece Delays Offering New Plan on Debt

 

By ANDREW HIGGINS and JAMES KANTER 48 minutes ago

 

As eurozone finance ministers met in Brussels, the new Greek finance minister arrived without a detailed new bailout proposal.

 

 

 

07cosby-thumbStandard.jpg

Bill Cosby Said in 2005 He Obtained Drugs to Give to Women

 

By GRAHAM BOWLEY and RAVI SOMAIYA 2:18 PM ET

 

The acknowledgment came in a deposition the entertainer made in relation to a woman’s lawsuit against him, which was made public on Monday.

 

08uber-web-thumbStandard.jpg

What Uber Can Learn From Airbnb’s Global Expansion

 

By MARK SCOTT 1:21 PM ET

 

Uber’s strategy, in contrast with the home-sharing service Airbnb, has been an aggressive catch-me-if-you-can attitude — one that has put it at odds with many regulators.

 

08Yuan-web-thumbStandard.jpg

Scant Relief From Beijing for Bruised Investors

 

By PAUL MOZUR

 

Government attempts at intervention again had only a temporary effect, as Monday’s rise in Shanghai shares gave way to a decline on Tuesday.

 

 

07ANGEL-thumbStandard.jpg

For Start-Ups, How Many Angels Is Too Many?

 

By MIKE ISAAC

 

The Silicon Valley investment frenzy has spurred so-called angel investors into earlier financing rounds, but there are downsides for both entrepreneur and investor.

 

 

 

07jptrade1-thumbStandard.jpg

Pacific Trade Deal Negotiators See a Wrap in Late July

 

By JONATHAN WEISMAN

 

U.S. officials feel confident enough of a deal that they have notified Congress that they expect the meeting among negotiators in late July will be the last.

 

Music Rights Group Is Buying Harry Fox Agency

 

By BEN SISARIO 59 minutes ago

 

The $20 million deal would allow the buyer, Sesac, to handle performing rights and “mechanical” rights, which cover the sale of CDs and downloads.

 

 

 

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

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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

China stock market freezing up as sell-off gathers pace

 

8:06pm BST

 

Chinese ADRs continue to fall; hedging demand soars

 

8:06pm BST

 

Greece seeks new EU loan deal in race to avert collapse | btn_rel_video.gif

 

World 8:04pm BST

 

Greece will be encouraged to deliver precise plan - France's Hollande

 

World 8:03pm BST

 

Osborne cuts welfare, boosts minimum pay in post-election budget

 

UK 8:01pm BST

 

UK's poorer families face cuts as Osborne reshapes welfare state

 

UK 8:01pm BST

 

More data needed before Fed can hike, as Greek worries loom - Fed minutes

 

7:41pm BST

 

US money market assets increased in latest week - iMoneyNet

 

7:39pm BST

 

Stocks fall, yen jumps after China rout; NYSE trading halted

 

FXpert 7:35pm BST

 

GM recalls Hummer models after fires burn three people

 

7:16pm BST

 

Barclays Chairman McFarlane axes CEO to speed up strategic change | btn_rel_video.gif

 

6:57pm BST

 

McFarlane bares ruthless streak with Barclays sacking

 

6:57pm BST

 

White House says Treasury, economic officials monitoring China stock market

 

6:51pm BST

 

Danish unions vow action against Ryanair after talks fail

 

Aerospace & Defence 6:19pm BST

 

Eurogroup to request analysis of Greek loan request - Luxembourg

 

World 6:13pm BST

 

Any Greek plan will have credibility issues - ECB's Rimsevics

 

World 6:12pm BST

 

U.S. crude falls almost 2 percent on surprise stocks build

 

FXpert 5:51pm BST

 

Ryanair likely to decide on IAG bid for Aer Lingus in next two weeks - CEO

 

5:50pm BST

 

ESM asks ECB, EU Commission, IMF to assess Greek bailout request

 

World, IMF 5:40pm BST

 

FTSE boosted by Barclays, but budget hits builders

 

5:24pm BST

 

For Spain, Greek risk is political, not economic

 

World, Spain 5:09pm BST

 

France says 'No' to Greek euro exit - PM Valls

 

World 5:03pm BST

 

Greek exit 'catastrophe' would be government's fault - Trichet

 

World, 5:02pm BST

 

Microsoft hangs up on Nokia business, to cut 7,800 jobs | btn_rel_video.gif

 

4:41pm BST

 

Highlights - Osborne delivers post-election budget

 

UK 4:17pm BST

 

UK cuts 'buy-to-let' tax break for wealthy landlords, housing shares fall

 

UK 4:16pm BST

 

UK to scale back bank levy, softens tone of sector regulation

 

UK, 4:14pm BST

 

Greece crisis hits last-minute holiday bookings

 

Aerospace & Defence, Middle East, World 3:57pm BST

 

Greece must have clarity on debt treatment - French PM

 

3:53pm BST

 

Greece fast approaching euro exit door - economists

 

3:51pm BST

 

Exclusive - Axis and PartnerRe mull sweetening merger terms: sources

 

3:41pm BST

 

EU's Moscovici sees financial transaction tax in place early 2017

 

3:37pm BST

 

EU lawmakers back tougher company rules to fight tax avoidance

 

3:37pm BST

 

Euro zone, ECB facing renewed headache from weak inflation

 

World 3:35pm BST

 

Britain delays plans for secondary market for annuities

 

UK, 3:27pm BST

 

Tsipras pledges reform to European parliament

 

World 3:11pm BST

 

Britain tightens 'non-domiciled' residency tax loophole

 

UK 3:07pm BST

 

Private equity fund managers face profit tax hit in UK Budget

 

UK 3:06pm BST

 

British businesses using green energy no longer exempt from climate tax - Osborne

 

UK 2:45pm BST

 

UK plans to raise 25 billion pounds from RBS sales by 2020

 

2:43pm BST

 

GE has until July 16 to offer EU concessions on Alstom deal - source

 

2:33pm BST

 

Osborne announces new compulsory wage rate for workers

 

UK 2:08pm BST

 

Osborne pushes back budget surplus target by a year

 

UK 1:37pm BST

 

Greece to extend bank holiday beyond Wednesday - government source

 

World 1:27pm BST

 

Greece's request for a three-year loan facility to the ESM

 

World 1:14pm BST

 

Berlin rules out any steps that cut value of loans to Greece

 

World 1:12pm BST

 

Greece seeks three-year loan, pledges to enact reforms next week

 

World 1:02pm BST

 

Greek crisis hurts poorest in its Balkan neighbours

 

World, 12:55pm BST

 

Britain trims growth forecast for 2015 in new budget plan

 

UK 12:51pm BST

 

If no agreement with Greece by Sun, must consider other options - Germany

 

World 12:49pm BST

 

EU banks watchdog says Greek contagion limited so far, remains vigilant

 

World 12:46pm BST

 

Betting odds show 'Grexit' now looks more likely than ever

 

World 11:57am BST

 

Greece and China expose limits of 'whatever it takes'

 

11:55am BST

 

Chinese brokers woken from global dreams by market emergency

 

11:52am BST

 

Factbox - Possible contenders to succeed Jenkins as Barclays CEO

 

11:45am BST

 

Timeline - Barclays axes chief executive to accelerate strategy change

 

11:37am BST

 

EU experts to review Greek loan request but no Eurogroup Wednesday

 

World 11:26am BST

 

Spain's Santander seeks to sell package of unpaid mortgages - source

 

Spain 11:24am BST

 

U.S, UK, China economies weakening further, OECD says

 

11:02am BST

 

Greece files formal request for euro zone loan - ESM

 

World 10:54am BST

 

ECB's Nowotny can't see ELA increase for Greece

 

World 10:42am BST

 

ECB ready to contain market effects of Greece crisis - ECB's Visco

 

World 10:27am BST

 

EU warns Ireland against pressuring banks on mortgage rates - newspaper

 

10:01am BST

 

Greece, euro zone can still reach a deal - EU's Moscovici

 

World 9:39am BST

 

ECB's Nowotny sees no contagion from Greek crisis

 

World 9:39am BST

 

China tells state-owned financial firms not to reduce share holdings

 

9:36am BST

 

Bank of England looks at action on buy-to-let mortgages

 

9:31am BST

 

ECB policy setters to discuss emergency funding to Greek banks - source

 

World 8:37am BST

 

Greece dismisses report on preparing IOUs to pay state pensions, wages

 

World 8:36am BST

 

UK house prices jump in June, stronger than forecasts - Halifax

 

8:35am BST

 

No deal, no liquidity, ECB's Noyer tells Greece

 

World 8:27am BST

 

EU's Dombrovskis says needs plan from Greece quickly

 

World 7:34am BST

 

As China's stock market tanks, investors flee into government-backed bonds

 

7:19am BST

 

EU's Moscovici says ball in Athens camp

 

World 7:17am BST

 

Samsung clears hurdle on way to $8 bln shakeup as court rules against U.S. fund

 

6:46am BST

 

Canadian pension fund says voting Samsung C&T shares against merger

 

6:46am BST

 

Over 500 China-listed firms suspend trading on Wednesday

 

3:31am BST

 

China central bank to support stock market stability, curb risks

 

3:31am BST

 

Deflation on UK high streets eases in June - BRC

 

UK, 3:19am BST

 

China to provide liquidity to brokerages to ease "panic"- regulator

 

3:03am BST

 

Exclusive - JPMorgan to pay over $125 million to settle U.S. credit card debt probes: sources

 

1:36am BST

 

Euro zone gives Greece until Sunday for debt deal | btn_rel_video.gif

 

World 12:45am BST

 

Sports betting firm GVC offers to buy Bwin.Party - FT

 

12:41am BST

 

Osborne to spell out new, post-election spending cuts

 

UK, 12:33am BST

 

Symantec in talks to sell Veritas storage unit to Carlyle - source

 

12:28am BST

 

Deflation on UK high streets eases in June - BRC

 

UK 12:11am BST

 

Pace of UK hiring slows further in June - REC recruiters group

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 unveils National Living Wage

 

 

 

 

George Osborne unveils billions in welfare cuts but springs a Budget surprise with a National Living Wage of £9 an hour by 2020.

 

Related content

 

 

 

Vehicle duty reform for new cars

 

New Vehicle Excise Duty bands are to be introduced, with revenues going towards a new Roads Fund, while fuel duty has been frozen for another year.

 

 

 

 

Full article Vehicle duty reform for new cars

 

 

 

 

 

Glitch halts NY Stock Exchange

 

The New York Stock Exchange has suspended trading on all shares for technical reasons, but says there is no cyber attack.

 

 

 

Related content

 

 

 

Full article Glitch halts NY Stock Exchange

 

Buy-to-let tax break to be cut

 

 

Full article Buy-to-let tax break to be cut

Bank levy to be reduced gradually

 

 

Full article Bank levy to be reduced gradually

Barclays boss sacked in board fallout

 

 

Full article Barclays boss sacked in board fallout

 

 

 

'Mars bar could change Libor rate'

 

 

Full article 'Mars bar could change Libor rate'

Robocall victim gets $230,000 payout

 

 

Full article Robocall victim gets $230,000 payout

Drax plunges as FTSE 100 rises

 

 

Full article Drax plunges as FTSE 100 rises

Greece to submit 'credible reforms'

 

  • 3 hours ago
  • From the section Europe

 

Full article Greece to submit 'credible reforms'

Microsoft to cut 7,800 more jobs

 

  • 39 minutes ago
  • From the section Business

 

Full article Microsoft to cut 7,800 more jobs

Budget surplus delayed by a year

 

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

Everything you need to know about the 2015 Emergency Budget

 

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Key points from the Osborne's emergency summer budget

 

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UK plc reacts to Osborne's 'double-edged' plans

 

Business welcomes slashing of corporation tax to 18pc but express caution about living wage

 

 

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Osborne gives more powers to English cities

 

Chancellor gives people more say in how local services are run in a bid to boost growth outside the South East

 

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New York Stock Exchange suspended over technical glitch

 

Trading has been halted on the NYSE due to an apparent technical issue

 

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How today's Budget will affect buy-to-let landlords

 

Landlords could see their profits wiped out as the Chancellor targets the buy-to-let market

 

 

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Barclays sacks Antony Jenkins as chief executive

 

McFarlane will take over the running of the bank as executive chairman until a new CEO is appointed

 

 

monopoly_2870790d.jpg Average UK house price crashes through the £200,000 mark

 

 

The cost of buying a home in the UK hits new highs, fuelling affordability fears

 

 

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Microsoft cuts 7,800 jobs and takes $7.6bn Nokia hit

 

Chief executive writes off much of the value of the acquisition masterminded by former boss

 

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Mulberry's new creative director finally arrives

 

Long-awaited arrival of Johnny Coca as the British fashion house looks to put profit warnings out of fashion

 

Grant Thornton fined nearly £1m for shortcomings in building society audit

 

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Watchdog reprimands the auditor after Manchester Building Society had to restate its accounts

Greece news live: Athens submits three-year rescue request

 

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Greece applies for a new three-year bail-out programme after Tsipras is warned banking collapse and humanitarian crisis are four days away

 

Jenkins has paid for his failure to wrestle Barclays' investment bank into shape

 

'Goldilocks’ energy price limit doesn’t bear scrutiny

 

The really worrying financial crisis is happening in China, not 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.

Link to post
Share on other sites

New York Stock Exchange ResumesTrading

 

By NATHANIEL POPPER 56 minutes ago

 

 

The exchange, the world’s largest for stocks, says an “internal technical issue” prompted a shutdown of trading for nearly four hours.

 

 

 

 

09dbnyse-web2-sfSpan.jpg

Andrew Renneisen for The New York Times

 

A trader outside the New York Stock Exchange on Wednesday. The exchange gave traders on the floor no warning before halting activity.

 

 

 

 

 

09YUAN-thumbStandard.jpg

Stock Sell-Off Is Unabated in China

 

By DAVID BARBOZA 9:30 AM ET

 

Despite further steps by Beijing to calm trading, shares plunged, extending a rout that began last month.

 

 

 

 

The Upshot

 

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The Problem With China’s Efforts to Prop Up Its Stock Market

 

By NEIL IRWIN 11:49 AM ET

 

When a government tries to intervene in these cases, it can mean pouring money down a sinkhole and merely delaying an inevitable correction.

 

 

 

 

 

 

 

 

 

Fed Is Still Looking at Raising Rates Later This Year, Minutes Show

 

By BINYAMIN APPELBAUM 2:05 PM ET

 

The central bank’s most recent meeting, in June, predated the worsening of the Greek debt crisis and the extended slump of the Chinese stock market.

 

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Greece Submits New Loan Request as Tsipras Takes Defiant Stance

 

By NIKI KITSANTONIS and JAMES KANTER 30 minutes ago

 

Under a tight deadline from European leaders, Greece applied for a three-year bailout loan, and the prime minister took his case to the European Parliament.

 

 

 

End to U.S. Taxation of Overseas Profit Finds Bipartisan Support

 

By JONATHAN WEISMAN 55 minutes ago

 

Two senior senators from either side of the aisle proposed largely ending such taxation, in return for a one-time tax bite to pay for highways and infrastructure.

 

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Microsoft to Cut Up to 7,800 Jobs, Mostly in Phone Unit

 

By NICK WINGFIELD 2:18 PM ET

 

The company will shed more than 6 percent of its workers and take a charge against earnings related to its acquisition of Nokia’s smartphone business.

 

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Vouchers Help Families Move Far From Public Housing

 

By BINYAMIN APPELBAUM

 

An experimental program that increases subsidies for families who move to more expensive areas is based on research showing that ZIP codes matter to future success.

 

 

Hacker Fears Retaliation From Clients, Court Documents Show

 

By MATTHEW GOLDSTEIN 2:05 PM ET

 

Eric Saldarriaga, a private investigator convicted of hacking into personal email accounts, sought to keep his cooperation with prosecutors secret, fearing retaliation from his clients.

 

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Antony Jenkins Ousted as Barclays Chief Executive

 

By CHAD BRAY

 

The British lender is the latest in Europe to replace its top executive, as banks adjust to tighter regulatory scrutiny and move beyond legacy issues.

 

 

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United Airlines Grounds Flights, Citing Computer Problems

 

By CHRISTOPHER DREW 11:17 AM ET

 

A “network connectivity issue” was blamed for a nationwide ground stop, though systems appeared to be coming back.

 

 

 

 

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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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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UK surveyors report biggest house price rises in almost a year

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 deal in sight as Germany bows to huge global pressure for debt relief

 

Merkel_Bosnian_3370454d.jpg

Angela Merkel faces a defining moment in her political career as chorus of voices push for Greek debt relief

31 Comments

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Libor still not repaired, warns global watchdog

 

The interest rate benchmark still has weaknesses, which could give room for rivals to emerge

1 Comment

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BT urges Ofcom to investigate Sky's grip on TV market

 

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Bank of England keeps interest rates steady as fears of Grexit grow

 

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Balfour Beatty issues seventh proft warning in under three years as construction troubles continue

 

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China markets rebound as it curbs investors from selling shares

 

china_trader_3369426d.jpg

Chinese stock markets recover ground as authorities impose ban on major stockholders from selling stakes in listed companies

 

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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