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The great interest rate rip off part 10


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Strong US growth paves way for September interest rate hike from the Federal Reserve

 

USEagle_3222405d.jpg

US central bank may raise its rates sooner than expected

 

britishgas_2065761g.jpg

Centrica cuts 6,000 jobs as Conn unveils new strategy

 

British Gas owner says it will “never” be a global player in oil and gas exploration and production and should focus on its strengths in energy supply and services

 

shell_3384617g.jpg

Shell slashes 6,500 jobs and spending on 'prolonged downturn'

 

Oil giant says £47bn takeover of BG is going well as 6,500 jobs are cut

 

 

RBS_1788370g.jpg

RBS profits 'like groundhog day' says chairman

 

The banking group warns it will be hit by more legal costs and compensation payouts in the coming years

 

 

BT pays back £129m in broadband subsidies to local councils

 

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FTSE 100 telecoms giant returns broadband subsidies as demand for fibre beats target

 

 

BAE banking on new sales of Typhoon jet to hit profit targets

 

Typhoon-Libya_1859205g.jpg

The defence group has defied expectations by reporting stable earnings in the first-half, but it needs to secure new business to meet full-year targets

 

 

Spanish economy races ahead with fastest growth since financial crisis

 

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Eurozone's fourth largest economy expands at fastest pace since 2007

 

 

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Guardian makes another loss of almost £20m

 

Expansion in to the US and Australia contributed to the media group's loss

5 Comments

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Thomas Cook takes £25m hit from Tunisia and Greece crises

 

2016 results may also be affected by the attack in Tunisia

 

glasses_3332179g.jpg

Diageo boss insists drinks giant is on the mend

 

Ivan Menezes, Diageo's under-pressure chief executive, said the company has 'never been in better shape'

Oil companies travel back to 1986 in search of a future

 

Greece crisis escalates as IMF witholds support for a new bail-out deal

 

Christine_Lagarde_3392985f.jpg

 

Why we should all start feeling nervous about Corbyn-omics

 

Osborne must be truly radical if he is to fix Britain’s broken pensions

 

Oil companies travel back to 1986 in search of a future

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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Patent Protection for Drugs Puts Pressure on U.S. in Trade Talks

 

By JONATHAN WEISMAN

 

 

No issue in negotiations over a Trans-Pacific Partnership seems to elicit more passion than pharmaceuticals, with both sides using the language of life and death.

 

 

 

 

31trade-web1-sfSpan.jpg

Marco Garcia/Reuters

 

Protesters against the Trans-Pacific Partnership trade deal outside a Maui resort where negotiators are meeting.

 

 

 

 

 

30millennial-thumbStandard.jpg

Millennials Less Likely to Leave the Nest, a Pew Study Finds

 

By DIONNE SEARCEY

 

Data show that more young adults are living at home with their parents, not fully healed from the damages of the last recession.

 

 

 

 

The Upshot

 

31up-millennials-thumbStandard.jpg

Millennial Men Aren’t the Dads They Thought They’d Be

 

By CLAIRE CAIN MILLER 12:04 PM ET

 

Young men who aspire to be hands-on fathers shift to a more traditional role once they have children, studies show. Workplace policies may be partly responsible.

 

 

 

 

 

 

 

 

31db-insider-web2-thumbStandard.jpg

U.S. Asks Supreme Court to Review Insider Trading Ruling

 

By ALEXANDRA STEVENSON 12:06 PM ET

 

The solicitor general asked the court to examine the ruling that tossed out the convictions of two hedge fund managers, Anthony Chiasson and Todd Newman.

 

31econ-web1-thumbStandard.jpg

U.S. Economy Grew at 2.3% Rate in 2nd Quarter

 

By NELSON D. SCHWARTZ 1:46 PM ET

 

The rebound, after a discouraging first quarter, was largely expected and continued the slow but steady recovery trajectory of the last six years.

 

 

 

31buzzfeed-web-thumbStandard.jpg

NBCUniversal Said to Be Near Investing in BuzzFeed and Vox

 

By EMILY STEEL 1:25 PM ET

 

The prospective deal would be the latest effort by big media companies to get a toehold in digital media and its large audience of young people.

 

Bits Blog

 

30bits-googlefrance-thumbStandard.jpg

Google Fights Effort to Apply ‘Right to Be Forgotten’ Ruling Worldwide

 

By MARK SCOTT 45 minutes ago

 

The search giant said it would not comply with French demands to apply a European data protection ruling to its global domains.

 

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Uncertain Trade Path for South Korea’s Kimchi

 

By ALEXANDRA STEVENSON

 

South Korea is not permitted to export kimchi, fermented cabbage, to China, but cheaper Chinese kimchi flows freely into South Korea.

 

 

 

30db-rico-web1-thumbStandard.jpg

Nonpayment on Bonds Would Have Consequences for Puerto Rico

 

By MARY WILLIAMS WALSH

 

Puerto Rico says it may not be in default for failure to pay moral obligation bonds, but financial experts say nonpayment would have reverberations.

 

 

Earnings Reports

 

 

 

 

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

Lloyds Bank PPI bill tops £13bn

 

 

 

 

Lloyds Banking Group's claims bill for PPI tops £13bn as it sets aside a further £1.4bn to compensate customers.

 

  • 31 July 2015
  • From the section Business

 

 

Related content

 

 

 

Full article Lloyds Bank PPI bill tops £13bn

 

 

Live Business live: 31 July 2015

 

4 minutes ago

 

Athens stock market to reopen

 

 

Full article Business live: 31 July 2015

 

 

 

 

 

 

 

 

 

Swiss central bank in 50bn franc loss

 

The soaring value of the Swiss franc against the euro leads Switzerland's central bank to report a first half loss of 50bn francs.

 

 

 

Related content

 

 

 

Full article Swiss central bank in 50bn franc loss

 

 

 

 

 

 

 

NatWest: Our website was 'targeted'

 

NatWest Bank has blamed earlier problems with its website on a series of deliberate attacks, known as a distributed denial of service (DDoS)

 

 

 

 

Full article NatWest: Our website was 'targeted'

 

Private rents rising by 2.5% a year

 

 

Full article Private rents rising by 2.5% a year

Weak oil prices hit Exxon and Chevron

 

 

Full article Weak oil prices hit Exxon and Chevron

BA owner IAG in big profits jump

 

  • 31 July 2015
  • From the section Business

 

Full article BA owner IAG in big profits jump

 

 

 

Eurozone inflation holds steady

 

 

Full article Eurozone inflation holds steady

Airbus reports profits up by 34%

 

  • 31 July 2015
  • From the section Business

 

Full article Airbus reports profits up by 34%

China shares end July on a sour note

 

 

Full article China shares end July on a sour note

Honda's profit jumps 20% on US sales

 

  • 31 July 2015
  • From the section Business

 

Full article Honda's profit jumps 20% on US sales

Celebrity fitness chain to go public

 

  • 30 July 2015
  • From the section Business

 

Full article Celebrity fitness chain to go public

Uber wants to invest $1bn in India

 

  • 31 July 2015
  • From the section Business

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

Car hacking risk may be broader than Fiat Chrysler - U.S. regulator

 

7:31pm BST

 

Greek stock market to reopen Monday after five-week shutdown

 

7:23pm BST

 

Greek stock market volatility limit to be cut to 20 percent

 

7:23pm BST

 

Greece will make recapitalising banks this year a priority - central bank official

 

7:18pm BST

 

U.S. employment data weigh on dollar, Treasury yields

 

FXpert 6:57pm BST

 

Sky Italia agrees to buy Viacom's MTV Italia

 

6:53pm BST

 

Tumbling oil prices slam profit at Exxon Mobil, Chevron

 

6:33pm BST

 

New Bank of England policymaker says to cut all hedge fund ties

 

6:06pm BST

 

Ukraine sees end of next week as 'absolute' deadline for debt deal

 

5:59pm BST

 

Greek PM defends controversial 'Plan B' for euro zone exit | btn_rel_video.gif

 

World 5:47pm BST

 

Deutsche Bank to freeze executive bonuses - sources

 

5:47pm BST

 

Western companies look hard at China as growth slows

 

5:01pm BST

 

FTSE rises for fourth day, Rolls Royce rallies

 

FXpert 4:58pm BST

 

Ireland jails first bankers since financial crisis

 

4:55pm BST

 

U.S. job market set for more than just 'some' attention

 

3:58pm BST

 

ArcelorMittal sees Chinese steel demand shrinking this year | btn_rel_video.gif

 

3:37pm BST

 

OPEC oil output hits new high in market share push - survey

 

Middle East 3:16pm BST

 

Five things to watch on Bank of England's 'Super Thursday'

 

3:14pm BST

 

Dixons Carphone to sell Phone House Portugal

 

3:08pm BST

 

If Greek trades in U.S. are any guide, Athens bourse may have rocky re-start

 

3:01pm BST

 

Lloyds' profit below hopes after new mis-selling charge | btn_rel_video.gif

 

2:55pm BST

 

Irish air leasing firm Avolon considers £1.5 billion takeover bid

 

Aerospace & Defence 2:26pm BST

 

European investors warming to euro assets, still holding cash - Reuters poll

 

2:23pm BST

 

UK investors pile into stocks as risk appetite returns - Reuters poll

 

2:21pm BST

 

Barclays cuts 150 investment bank jobs under cost-cutting plan

 

1:37pm BST

 

Who needs the Fed? The rate hike cometh on its own

 

1:04pm BST

 

Airbus Group interested in boosting MBDA stake

 

12:18pm BST

 

Russian central bank cuts key rate by 50 bps, warns on cooling economy

 

12:16pm BST

 

Exclusive - China watchdog extends pursuit of short sellers to HK, Singapore: sources

 

11:55am BST

 

Euro zone inflation stable at 0.2 percent, still far off ECB target

 

11:51am BST

 

Airbus H1 profit rises, takes new A400M charge

 

Aerospace & Defence 11:45am BST

 

WPP, Providence to buy Chime in sports marketing push

 

11:07am BST

 

British Airways owner IAG puts focus on costs as competition intensifies

 

Aerospace & Defence 11:04am BST

 

IAG to order up to 33 new Airbus jets

 

Aerospace & Defence 11:02am BST

 

Healthcare deals lift July to seventh busiest M&A month on record

 

10:59am BST

 

BG Group's record output limits oil price fallout

 

9:59am BST

 

Bank of Ireland more than doubles first-half profit, capital rises

 

9:46am BST

 

ArcelorMittal keeps profit forecast despite dimmer market view

 

9:45am BST

 

Airbus aims to double A350 output in 2016, sees A380 sales soon

 

Aerospace & Defence 8:48am BST

 

Pacific trade negotiators chase elusive final deal in tough talks | btn_rel_video.gif

 

World 8:42am BST

 

Liberty Global ups stake in broadcaster ITV to 9.9 percent

 

8:06am BST

 

Doyle doing well in Denver, hopes for Ireland call

 

Sport 7:58am BST

 

Vedanta Resources says its Zambian copper mines to face power cuts

 

Africa 7:37am BST

 

JD Sports hikes profit forecast as sales surge

 

7:27am BST

 

China watchdog probes automated trading as stocks slip again

 

7:08am BST

 

Japan finance minister - TPP is not a place to negotiate currencies

 

World, Japan, G20 5:24am BST

 

Uber to invest $1 billion in India in next nine months

 

4:59am BST

 

Japan spending slump heightens chance of second-quarter contraction

 

Japan 3:46am BST

 

LinkedIn's revenue beat fails to connect with investors | btn_rel_video.gif

 

2:03am BST

 

Pacific trade negotiators chase elusive final deal amid tough talks

 

Australia, World 12:57am BST

 

Global economic woes dent strong UK consumer sentiment - GfK

 

12:08am BST

 

LinkedIn's revenue beat fails to connect with investors

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

Lloyds Banking Group pays dividend despite £1.4bn PPI hit

 

lloyds_2912519d.jpg

Pre-tax profit jumped 38pc to £1.2bn leading to a £535m dividend - and analysts believe it could pay out another £3.5bn to shareholders this year

rolls_3394199g.jpg

US activist investor becomes Rolls-Royce's largest shareholder

 

ValueAct has successfully pushed for change at Microsoft and Sara Lee

3 Comments

boe_3394360g.jpg

Bank of England's new policymaker to sever links with hedge fund

 

Gertjan Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard

Comment

Natwest_2259034g.jpg

NatWest blames cyber attack for payday website outage

 

Customers of NatWest's online banking service struggled to log in on payday

 

 

Russia cuts interest rates as Putin faces renewed crisis from falling oil prices

 

newPic_1169_PNG_3393543d.jpg

 

Foxglove_in_garden_3322152g.jpg

285 jobs saved in William Sinclair pre-pack deal

 

Troubled Aim-listed gardening company sold to Irish rival Westland Horticulture

 

BA_1788392g.jpg

British Airways boss: Heathrow third runway is too expensive

 

Willie Walsh says cost of third runway is 'outrageous'

 

 

martin-lewis2_3016422d.jpg Martin Lewis makes £25m from MoneySuperMarket share sale

 

 

 

oil_2263720g.jpg

Afren becomes first victim of oil slump as it enters administration

 

The African-focused oil explorer has called in the administrators after failing to tackle its huge debt pile and stem massive losses

 

Liberty Global stokes ITV takeover speculation by increasing stake to 9.9pc

 

ITV-logo_2400616d.jpg

Virgin Media owner says it will not bid for full control but sees 'attractive growth potential' for stock

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

Trade Negotiators Reach Environmental Accord

 

By JONATHAN WEISMAN

 

 

The deal between the United States and 11 other Pacific nations will provide protections for some of the most threatened ecosystems on earth.

 

 

 

 

01trade-web-sfSpan.jpg

Audrey McAvoy/Associated Press

 

Trade ministers negotiating the Trade-Pacific Partnership in Lahaina, Hawaii, gather for a group picture.

 

 

 

 

 

 

 

 

 

 

01oil-web-thumbStandard.jpg

Exxon Mobil and Chevron Report Worst Quarterly Results of Current Decade

 

By CLIFFORD KRAUSS 12:28 PM ET

 

Declining oil and natural gas prices contributed to the companies’ disappointing second-quarter results.

 

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A Company Copes With Backlash Against the Raise That Roared

 

By PATRICIA COHEN 1:05 PM ET

 

When Dan Price announced he was setting a minimum salary of $70,000 for his 120 employees, he didn’t foresee the turmoil it would cause for his business.

 

01perdue-ss1-thumbStandard.jpg

Perdue and the Race to End Antibiotic Use in Chickens

 

By STEPHANIE STROM 14 minutes ago

 

More than half of the chicken it sells can be labeled “no antibiotics ever,” a first for a major poultry company.

 

 

 

31bailout-web1-thumbStandard.jpg

Bailout Money Goes to Greece, Only to Flow Out Again

 

By JACK EWING and LIZ ALDERMAN

 

Instead of going into the economy, the funding Greece has received has largely allowed Greeks and foreign investors to get their money out.

 

 

 

pot-banks-colorado-thumbStandard.jpg

Banking for Pot Industry Hits a Roadblock

 

By NATHANIEL POPPER

 

After its application to serve the marijuana business was denied, a credit union filed a lawsuit demanding “equal access” to the financial system.

 

01wang-web1-thumbStandard.jpg

Designer Alexander Wang to Leave Balenciaga

 

By VANESSA FRIEDMAN 12:47 PM ET

 

He will concentrate on his namesake brand, which Mr. Wang maintained during his time at Balenciaga. A search has begun for his successor in France.

 

UPS to Buy Coyote Logistics for $1.8 Billion

 

By MICHAEL J. de la MERCED 9:54 AM ET

 

The acquisition is intended to help bolster UPS’s presence in the freight brokerage business.

 

31facebook-web-thumbStandard.jpg

A Facebook Project to Beam Data From Drones Is a Step Closer to Flight

 

By VINDU GOEL and QUENTIN HARDY

 

The company said its unmanned aerial vehicle, intended to bring Internet access to remote areas, is ready for tests in the upper atmosphere, most likely in the United States.

 


 

02-CHINAGLASS-JP1-thumbStandard.jpg

How a Chinese Billionaire Built Her Fortune

 

By DAVID BARBOZA

 

Zhou Qunfei, founder of Lens Technology, has come to define a new class of female entrepreneurs in China who have built their wealth from scratch.

 

 

Earnings Reports

 

 

 

 

Debt Crisis Breeds Crime Wave in Greece

 

By ANEMONA HARTOCOLLIS 10:04 AM ET

Fleeing the banks for fear of losing their euro deposits, many Greeks have stashed cash and valuables under the proverbial mattress, making them vulnerable to thieves.

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

As Chinese shares fall, the real fear is that the economy itself is grinding to a halt

 

 

Disastrous losses on the Shanghai exchange lead to concern that era of runaway Chinese growth is faltering at a critical time for world economy

 

 

21

As Chinese shares fall, the real fear is that the economy itself is grinding to a halt

 

 

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

Lloyds Bank PPI bill tops £13bn

 

 

 

 

Lloyds Banking Group's claims bill for PPI tops £13bn as it sets aside a further £1.4bn to compensate customers.

 

  • 31 July 2015
  • From the section Business

 

 

Related content

 

 

 

Full article Lloyds Bank PPI bill tops £13bn

 

 

 

 

 

 

 

 

 

 

'Progress' but no deal at TPP talks

 

Twelve Pacific nations fail to agree a regional trade deal which would cover 40% of the world economy, despite talk of "significant progress".

 

  • 1 August 2015
  • From the section Asia

 

 

 

Full article 'Progress' but no deal at TPP talks

 

 

 

 

 

 

 

Bitcoin chief arrested in Japan

 

The founder of MtGox - once the world's biggest bitcoin exchange - is arrested by Japanese police investigating losses of nearly $400m.

 

  • 9 hours ago
  • From the section Asia

 

 

Related content

 

 

 

Full article Bitcoin chief arrested in Japan

 

British oil company investigated

 

  • 2 hours ago
  • From the section UK

 

Full article British oil company investigated

Swiss central bank in 50bn franc loss

 

  • 31 July 2015
  • From the section Business

 

Full article Swiss central bank in 50bn franc loss

Greek PM defends ex-finance minister

 

  • 31 July 2015
  • From the section Europ

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

US activist investor becomes Rolls-Royce's largest shareholder

 

rolls_3394199d.jpg

ValueAct has successfully pushed for change at Microsoft and Sara Lee

60 Comments lloyds_2912519g.jpg

Lloyds Banking Group pays dividend despite £1.4bn PPI hit

 

Pre-tax profit jumped 38pc to £1.2bn leading to a £535m dividend - and analysts believe it could pay out another £3.5bn to shareholders this year

 

Natwest_2259034g.jpg

NatWest blames cyber attack for payday website outage

 

Customers of NatWest's online banking service struggled to log in on payday

 

 

BA_1788392g.jpg

British Airways boss: Heathrow third runway is too expensive

 

Willie Walsh says cost of third runway is 'outrageous'

 

 

Bank of England's new policymaker to sever links with hedge fund

 

boe_3394360d.jpg

Gertjan Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard

6 Comments

newPic_1169_PNG_3393543g.jpg

Russia cuts interest rates as Putin faces renewed crisis from falling oil prices

 

Russia's central bank implements smallest interest rate cut this year, as policymakers face tricky task of boosting growth while controlling inflation

 

Foxglove_in_garden_3322152g.jpg

285 jobs saved in William Sinclair pre-pack deal

 

Troubled Aim-listed gardening company sold to Irish rival Westland Horticulture

 

martin-lewis2_3016422d.jpg Martin Lewis makes £25m from MoneySuperMarket share sale

 

 

 

oil_2263720g.jpg

Afren becomes first victim of oil slump as it enters administration

 

The African-focused oil explorer has called in the administrators after failing to tackle its huge debt pile and stem massive losses

 

Liberty Global stokes ITV takeover speculation by increasing stake to 9.9pc

 

ITV-logo_2400616d.jpg

Virgin Media owner says it will not bid for full control but sees 'attractive growth potential' for stock

Bank of England or Federal Reserve: Who will move first on interest rates?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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

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

Government may begin RBS sale

 

 

 

 

The Treasury could begin the process of selling part of the government's stake in Royal Bank of Scotland from Monday, according to BBC sources.

 

Related content

 

Greek shares 'set to plunge 20%'

 

The Athens Stock Exchange is set to plunge by as much as 20% on Monday when trading finally resumes after a five-week closure, traders predict.

 

 

 

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

US economist denies being part of 'criminal gang' over secret Plan B for Greece

 

YanisEuclid_3395163d.jpg

James K. Galbraith does not expect to face criminal trial in Greece for carrying out contingency planning if the country was forced out of the euro

 

lord_howard_3093058g.jpg

Former Tory leader Michael Howard to meet fraud office in Soma probe

 

Soma Oil and Gas denies any wrongdoing as the Serious Fraud Office opens a corruption investigation into the firm's operations in Somalia

 

Strong growth paves way for Bank of England to raise rates next year

 

boe_3092520g.jpg

The Bank's decision makers are expected to be split for the first time this year over the timing of rate rises

148 Comments

We have given the keys of the global banking business to the Americans, says John Hourican

 

hourican_2185849d.jpg

As he steps down from his latest financial rescue act, the premier troubleshooter ponders his next move

3 Comments

 

Council warns against attempt to build flats on FT’s riverside site

 

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The FT's iconic offices were not included in the sale of the newspaper to Japan's Nikkei

16 Comments

John McFarlane to hire cost-cutting guru at Barclays

 

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The executive chairman is close to appointing a top enforcer to push thorugh his radical plan to slash costs and make the bank more efficient

19 Comments

US jobs boom to strengthen case for early Federal Reserve interest rate rise

 

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Hotly-anticipated non-farm payrolls data are expected to reinforce a case for a rate hike in September

30 Comments

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Insurer RSA ready to hold out for 600p-a-share bid from Zurich

 

Double-digit sales drop will be overshadowed by the insurance firm's takeover prospects

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Tour operator Audley Travel explores £200m sale

 

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Private equity owner Equistone hires Rothschild to explore sale of bespoke holiday and tour operator

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Groupon rival Wriggle raises £500,000 to seize market share in London

 

The last-minute deals app has proved a hit with young people seeking up-and-coming eateries

 

The crisis is over, so let’s focus more on growth

 

As we enjoy the festival vibe, new talent can’t find its voice

 

Will higher interest rates hit mortgage borrowers hard?

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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