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The great interest rate rip off part 10


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Don't allow Greece to blind us to Europe's more important questions

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

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

FTSE 100 sees worst week this year

 

 

 

 

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Index Value Change FTSE 100 6,187.65 -2.83% Dow Jones 16,562.17 -2.52% Nasdaq 4,727.07 -3.08% Nikkei 225 19,435.83 -2.98% 15 minute delay. Last updated 20:31

 

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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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Surging tax take sends UK to first July budget surplus in 3 years

 

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Disappointing business surveys intensify world growth fears

 

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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

Government posts first July surplus in three years as tax receipts swell

 

economy_1874881d.jpg

Income tax receipts rose to record high for July as Chancellor says first July surplus in three years shows Britain's recovery is "well established"

flight_2467071g.jpg

Ryanair loses flight delays compensation case

 

Lawyers say more than two million passengers will be affected by the ruling

 

XiXinping_3415173g.jpg

Record capital flight from China as industrial slump drags on

 

China's state media decries "unimaginably fierce resistance" to economic reforms, a sign that president Xi Jinping is becoming furious with incompetent party officials

Comment

markets_3018861d.jpg European shares suffer biggest weekly fall this year

 

 

European shares are braced for the biggest weekly fall of the year as fears over the health of China's economy intensify.

 

 

Glaxo_1844485g.jpg

GSK sells cancer and multiple sclerosis drug to Novartis in $1bn deal

 

Novartis has acquired all the remaining rights to GSK's Ofatumumab drug to develop treatments for MS and other auto-immune conditions

 

oil_1915244g.jpg

Opec unity cracks as members demand meeting to stem oil slump

 

Divisions emerge as members call on Saudi to scale back production

 

 

hous_2222301g.jpg

House prices soar in major UK cities - and this is just the beginning

 

House prices in major cities on track for double digit growth this year as London sets "new highs for prices and affordability"

 

 

NHS budget cuts hit private medical provider Spire Healthcare

 

hospital-bed_1920230d.jpg

Shares in the independent hospitals group plummet as cost-cutting in the NHS weighs on second-half performance

 

RSA_2783978g.jpg

RSA and Zurich investors at odds over takeover price

 

Deadline is approaching for the Swiss firm to make a firm offer or walk away

 

Twitter_2539622g.jpg

Fall from grace: Twitter shares tumble below IPO price

 

Twitter shares tumble below $26 initial public offering price

 

Tsipras had little choice but to call fresh elections. But it's still a risky move

 

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

Sell-Off in Global Markets Continues Into Second Day

 

By PETER EAVIS

 

 

The plunge in stock prices has threatened to end one of the longest bull runs in the history of the United States stock market.

 

 

 

22UP-Stock-sfSpan.jpg

Brendan Mcdermid/Reuters

 

 

The Upshot

 

Stocks’ Worst Week of 2015: It’s About Time

 

By NEIL IRWIN

 

A remarkable run-up in stock prices probably needed a breather at a time when a range of markets had been starting to look a little bubbly.

 

 

 

 

 

 

 

 

 

 

21soulcycle-thumbStandard.jpg

Investors Hope to Ride Swell of SoulCycle Fever in Coming I.P.O.

 

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Boutique fitness centers that cater to those willing to pay more for a good sweat are on the rise, and wealthy backers are betting this market is more than a craze.

 

Gay Couples Are Eligible for Social Security Benefits, U.S. Decides

 

By TARA SIEGEL BERNARD

 

The Justice Department said the Social Security Administration would apply the Supreme Court’s June ruling declaring marriage a constitutional right retroactively.

 

Revalued

 

23-REVALUED-thumbStandard-v2.jpg

How Ben & Jerry’s Social Mission Survived Being Gobbled Up

 

By DAVID GELLES 11:59 AM ET

 

Despite a rocky start, Unilever’s acquisition of the ice cream maker became a case study in how small companies can maintain their identities inside conglomerates.

 

 

21maplevid_hp-thumbStandard.jpg

Canadian Maple Syrup ‘Rebels’ Clash With Law

 

By IAN AUSTEN

 

Harvesters in Quebec, who provide 70 percent of the world’s supply, must sell through a central system, but some flout the requirement.

 

22IRANINVESTMENT2-thumbStandard.jpg

Iran Prepares to Lure Foreign Investors After Nuclear Deal

 

By THOMAS ERDBRINK

 

Iranian officials have gone out of their way to emphasize that once sanctions are lifted, nothing stands in the way of foreigners snapping up assets.

 

 

DRE2-thumbStandard-v2.jpg

Dr. Dre Apologizes to the ‘Women I’ve Hurt’

 

By JOE COSCARELLI 12:24 PM ET

 

“Straight Outta Compton” ignored old allegations that Dr. Dre abused women. They resurfaced anyway.

 

Appeals Court Reinstates Wage Rules for Home Care Workers

 

By THE ASSOCIATED PRESS 2:01 PM ET

 

A federal appeals court on Friday revived Obama administration regulations that guarantee overtime and minimum wage protection to nearly 2 million home health care workers.

 

22sunset1_hp-thumbStandard.jpg

As Another Club Closes, Sunset Strip’s Evolution Continues

 

By ADAM NAGOURNEY

 

New construction looms over the famous nightclubs that have long defined a stretch of Sunset Boulevard in West Hollywood, a transformation many find jarring.

 

 

 

 

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

Panic selling grips global markets as stocks crash on China turmoil

 

NYSE_3415234d.jpg

More than £130bn is wiped off the FTSE in 10 days as Beijing is set to resort to drastic rate cuts to revive its flagging fortunes

 

economy_1874881g.jpg

Government posts first July surplus in three years as tax receipts swell

 

Income tax receipts rose to record high for July as Chancellor says first July surplus in three years shows Britain's recovery is "well established"

 

flight_2467071g.jpg

Ryanair loses flight delays compensation case

 

Lawyers say more than two million passengers will be affected by the ruling

 

Glaxo_1844485g.jpg

GSK sells cancer and multiple sclerosis drug to Novartis in $1bn deal

 

Novartis has acquired all the remaining rights to GSK's Ofatumumab drug to develop treatments for MS and other auto-immune conditions

 

British firms and pension funds facing a foreign exchange time-bomb

 

currency_1815180d.jpg

US lawyers are coming to the UK to launch competition suits in London after a series of successes in New York

 

Alan_Rubenstein_3414754d.jpg Firms say to us: how dare you suggest we might go bust?'

 

 

 

oil_1915244g.jpg

Opec unity cracks as members demand meeting to stem oil slump

 

Divisions emerge as members call on Saudi to scale back production

 

 

hous_2222301g.jpg

House prices soar in major UK cities - and this is just the beginning

 

House prices in major cities on track for double digit growth this year as London sets "new highs for prices and affordability"

 

 

mine_1889956g.jpg

BHP Billiton set for deep cutbacks after profit slump

 

Commodities slump will see the miner reveal a near 50pc decline in underlying income

 

RSA_2783978g.jpg

RSA and Zurich investors at odds over takeover price

 

Deadline is approaching for the Swiss firm to make a firm offer or walk away

Opec is being eaten alive and must meet to heal its wounds

 

Tsipras had little choice but to call fresh elections. But it's still a risky move

 

Optimism for Africa despite threat from China downturn

 

China syndrome threatens markets meltdown

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

Advice After Stock Market Drop: Take Some Deep Breaths, and Don’t Do a Thing

 

By RON LIEBER

 

 

The market is experiencing a plunge, but don’t panic. Here are six pieces of advice to help get you through this unstable period.

 

 

 

22advice-web-sfSpan.jpg

Brendan Mcdermid/Reuters

 

A trader at the New York Stock Exchange on Friday. The Dow Jones industrial average dropped 3.1 percent on the day and the Standard & Poor’s 500-stock index fell below the 2,000 mark.

 

 

 

 

 

 

 

 

 

 

 

22db-markets1-thumbStandard.jpg

Stocks Plunge Sharply for a Second Day on Wall Street

 

By PETER EAVIS

 

The downturn threatens to end one of the longest bull runs in the history of the United States stock market.

 

 

21maplevid_hp-thumbStandard.jpg

Canadian Maple Syrup ‘Rebels’ Clash With Law

 

By IAN AUSTEN

 

Harvesters in Quebec, who provide 70 percent of the world’s supply, must sell through a central system, but some flout the requirement.

 

Revalued

 

23-REVALUED-thumbStandard-v2.jpg

How the Social Mission of Ben & Jerry’s Survived Being Gobbled Up

 

By DAVID GELLES

 

Despite a rocky start, Unilever’s acquisition of the ice cream maker became a case study in how small companies can maintain their identities inside conglomerates.

 

 

U.S. Court Reinstates Home Care Pay Rules

 

By NOAM SCHEIBER

 

The regulations, struck down by a lower court about nine months ago, were intended to remove an exemption in federal minimum wage and overtime laws for home care workers.

 

22DAILYNEWS_COMBO-thumbStandard.jpg

Daily News Struggles to Find Its Identity After Sale Is Called Off

 

By JAMES BARRON

 

Employees at The Daily News expressed relief after the publication’s owner, Mortimer B. Zuckerman, called off its sale.

 

22IRANINVESTMENT2-thumbStandard-v2.jpg

Iran Prepares to Lure Foreign Investors After Nuclear Deal

 

By THOMAS ERDBRINK

 

Iranian officials have gone out of their way to emphasize that once sanctions are lifted, nothing stands in the way of foreigners snapping up assets.

 

 

DRE2-thumbStandard-v2.jpg

Dr. Dre Apologizes to the ‘Women I’ve Hurt’

 

By JOE COSCARELLI

 

“Straight Outta Compton” ignored old allegations that Dr. Dre abused women. They resurfaced anyway.

 

22sunset1_hp-thumbStandard.jpg

As Another Club Closes, Sunset Strip’s Evolution Continues

 

By ADAM NAGOURNEY

 

New construction looms over the famous nightclubs that have long defined a stretch of Sunset Boulevard in West Hollywood, a transformation many find jarring.

 

 

22shoe-web-thumbStandard.jpg

Nearly 51,000 Madewell Sandals Are Recalled

 

By HIROKO TABUCHI

 

Madewell, J. Crew’s slightly cheaper sister brand, has received eight reports of the shanks dislodging and breaking through the sole of their “Sightseer” sandals.

 

22perle-obit-thumbStandard.jpg

Liz Perle, Writer and Former Publishing Executive, Dies at 59

 

By DANIEL E. SLOTNIK

 

Ms. Perle was co-founder of Common Sense Media, a nonprofit that helps children engage with the digital world responsibly.

 

 

 

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

Building bosses at Persimmon to net £600m

 

houses_1979007d.jpg

Share payout would be among City’s biggest bonus schemes should the company hit a succession of profit forecasts

hacking-brooks_2718417g.jpg

Rebekah Brooks returns as Murdoch dealmaker

 

Former News International chief executive working on advertising technology acquisition for News Corp

 

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BT should be stripped of Openreach says Chris Bryant

 

Shadow culture secretary Chris Bryant has hardened Labour's stance on splitting BT

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newPic_986_PNG_3415161d.jpg Eurozone condemned to permanent crisis without reforms

 

 

 

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UK banks face £5bn lawsuit over forex claims

 

Firms from pension funds to international manufacturers are investigating the possibility of making claims for damages, accusing banks of manipulating exchange rates to rip them off

 

 

Inmarsat awaits satellite launch that is hoped will send revenues rocketing

 

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Inmarsat is preparing for the launch of its latest Global Xpress satellite intended to provide high-speed broadband from space with worldwide coverage

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Lloyds throws £500m lifeline to Britain’s struggling farmers

 

Bank establishes an emergency fund for embattled British farmers facing payment delays

 

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BHS owners go shopping for £70m funding

 

The owners of department store chain BHS are in talks to raise £70m as they embark on ambitious regeneration plans.

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Second hedge fund lines up for brewing legal battle over Phone 4U debts

 

Cyrus Capital signs confidentiality deal with PwC, as administrator seeks extension from courts

 

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Ryanair loses flight delays compensation case

 

Lawyers say more than two million passengers will be affected by the ruling

Cameron may return from his EU tour with a result

 

Global currency wars: why China's devaluation is a peace offering to the world

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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An Internet Mortgage Provider Reaps the Rewards of Lending Boldly

 

By PETER EAVIS

 

 

Bank of Internet USA, which has extended big loans to high-earning people other lenders might shun, has been making profits, and setting off alarm bells.

 

 

 

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Dustin Michelson for The New York Times

 

Gregory Garrabrants has been the chief executive of BofI Holding, Bank of Internet’s parent company, since 2007.

 

 

 

 

 

 

 

 

 

 

 

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Investors Race to Escape Risk in Once-Booming Emerging-Market Bonds

 

By LANDON THOMAS Jr.

 

A selling spree by large mutual funds has raised concerns among regulators and economists about a broader contagion if investors start to ask for their money at the same time.

 

Strategies

 

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Currency Devaluation Is a Short Step in China’s Long Advance

 

By JEFF SOMMER

 

A modest devaluation of the renminbi, part of China’s decades-long transformation into a modern economy, may help the country stave off domestic pressures.

 

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Fading Economy and Graft Crackdown Rattle China’s Leaders

 

By MICHAEL FORSYTHE and JONATHAN ANSFIELD

 

A slowdown could mark the end of fast growth, while a campaign against official corruption has continued longer and reached higher than most had expected.

 

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Much at Stake in Academy’s Hunt for a 2016 Oscars Producer

 

By MICHAEL CIEPLY 11:52 AM ET

 

Previous awards shows have seen a decline in ratings, so the pressure is on for officers and executives of the Academy as they select overseers of the next Oscars broadcast.

 

Revalued

 

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How the Social Mission of Ben & Jerry’s Survived Being Gobbled Up

 

By DAVID GELLES

 

Despite a rocky start, Unilever’s acquisition of the ice cream maker became a case study in how small companies can maintain their identities inside conglomerates.

 

 

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Canadian Maple Syrup ‘Rebels’ Clash With Law

 

By IAN AUSTEN

 

Harvesters in Quebec, who provide 70 percent of the world’s supply, must sell through a central system, but some flout the requirement.

 

Inside Wealth

 

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Hybrid-Powered Megayachts Come With Green Bragging Rights

 

By ROBERT FRANK

 

The wealthy want to show, and sometimes show off, their commitment to the environment even as they build ever bigger mansions, jets and yachts.

 

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Soaring Art Market Attracts a New Breed of Advisers for Collectors

 

By ROBIN POGREBIN and GRAHAM BOWLEY 1:39 PM ET

 

Consultants to wealthy clients now play a deal-making role for commissions that are sometimes worth millions of dollars.

 

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In a Data-Driven N.F.L., the Pings May Soon Outstrip the X’s and O’s

 

By KEN BELSON

 

With new technology, fans watching on television and following on the Internet will be able to see how fast and far players are running, as well as other statistics and data-driven graphics.

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

 

 

 

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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