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The great interest rate rip off part 10


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Breaking news

 

 


 

 

 

 

 

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

9 July 2014 Last updated at 19:47

 

 

Sainsbury's against longer Sundays_76161578_sainsburys.store.g.jpg

 

Sainsbury's former chief executive Justin King tells the BBC that the company is against relaxing Sunday trading rules.

 

 

_76162003_vince.standing.pa.jpgGovernment share sales face review

 

Business secretary Vince Cable has launched an informal review of the way it conducts stock market flotations of public assets.

 

 

 

_76147165_hi022931032.jpgBeckham among rich facing tax demand

 

Some of the biggest names in business, sport and entertainment will face extra tax demands, when HMRC gets new powers later this month.

 

 

 

Other Top Stories

 

 

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

Fed minutes send stocks higher; Brent falls

 

FXpert, Middle East 8:21pm BST

 

Exclusive - ECB to give banks 48 hours to review health checks - sources

 

8:09pm BST

 

Airbus pushes for A330neo launch buyers ahead of show

 

Aerospace & Defence 7:57pm BST

 

Interest rate hikes won't hold back UK car sales - dealership CEO

 

UK 7:53pm BST

 

Draghi urges euro zone states 'to be sovereign together'

 

7:48pm BST

 

Goldman Sachs hires energy marketer from Barclays

 

6:57pm BST

 

France urges bigger euro role in international trade

 

6:00pm BST

 

Bugatti mulls hybrid follow-up to Veyron supercar -sources

 

5:56pm BST

 

Vatican restructures scandal-hit bank, vows transparency | btn_rel_video.gif

 

5:51pm BST

 

Bank of England likely to lower estimate of unused capacity - Shafik

 

5:51pm BST

 

América Móvil buscará vender a un solo operador activos que quiere desincorporar

 

5:51pm BST

 

AbbVie forced to retract claims of Shire investor support | btn_rel_video.gif

 

5:50pm BST

 

Lufthansa's new boss plans no-frills long-haul service | btn_rel_video.gif

 

Aerospace & Defence 5:50pm BST

 

Regulators detail new capital buffer for top insurers

 

G20 5:33pm BST

 

Finmeccanica refinances five-year credit facility

 

5:29pm BST

 

Wizz Air denies it is in talks with potential buyers -business website

 

Aerospace & Defence 5:18pm BST

 

UK to review privatisation methods after Royal Mail pricing row

 

5:14pm BST

 

UK launches competition review into institutional banking

 

5:06pm BST

 

FTSE index 100 hits two-month lows, Admiral slumps

 

FXpert, Aerospace & Defence 5:04pm BST

 

EU watchdog rolls out rules for closing failed banks

 

4:48pm BST

 

Greek deflation slows down in June

 

4:43pm BST

 

Greece hires banks for new three-year bond

 

4:43pm BST

 

Curtain comes down on Sainsbury's King era

 

4:41pm BST

 

Lloyds cuts 500 UK jobs, union accuses it of 'salami slicing'

 

4:09pm BST

 

British diesel car breakdowns linked to northeast terminals

 

2:49pm BST

 

Russia to allow beer adverts until after 2018 World Cup

 

2:48pm BST

 

American Airlines adjusts outlook for key revenue measure

 

Aerospace & Defence 2:00pm BST

 

UK retailers report biggest price drop since 2006 - BRC

 

1:47pm BST

 

German competition body urges govt to sell Commerzbank stake

 

1:32pm BST

 

Turkish Airlines shares rise on Lufthansa long-haul talks

 

Aerospace & Defence 1:16pm BST

 

Finland to nominate Katainen as EU commissioner on Thursday

 

12:42pm BST

 

Sodexo cuts sales growth forecast due to contract delays

 

12:29pm BST

 

UK questions Airbus staff, defence officials in Saudi corruption probe

 

Middle East 12:26pm BST

 

ECB looks to banks to deliver QE on its behalf

 

12:19pm BST

 

Apple loses China patent case, separate suit against Apple continues

 

12:10pm BST

 

Admiral says revenue falls, sees no UK insurance premium growth

 

12:03pm BST

 

Indian government report urges strong steps to contain fiscal deficit

 

12:00pm BST

 

Aviva turnaround targets fail to ignite share price

 

11:23am BST

 

Japan Abe adviser, in reversal, sees no need for more BOJ stimulus

 

Japan 11:17am BST

 

Emirates finalises $56 billion order for 150 Boeing 777X planes

 

Aerospace & Defence, Middle East 11:02am BST

 

UK's housing market cools a bit in June - Halifax

 

10:39am BST

 

June storm in Europe cost insurers $2.5 billion - Munich Re

 

10:21am BST

 

FTSE drops 1.3 percent as airline stocks slide

 

FXpert, Aerospace & Defence 9:56am BST

 

Don't stretch budget rules too far, ECB's Coeure tells EU

 

9:13am BST

 

Latest ECB policy steps will take time to have effect - Praet

 

9:13am BST

 

Wholesaler Booker reports smaller sales rise, shares fall

 

9:04am BST

 

UK leaving EU would be a shock we don't need, says ECB's Coeure

 

8:52am BST

 

ECB June action should suffice, says Coeure

 

8:24am BST

 

Dombret - Bundesbank should report to ECB on large bank supervision

 

8:18am BST

 

Wetherspoon says trading slowed during World Cup

 

8:06am BST

 

Wholesaler Booker's first-quarter sales rise 3.8 percent

 

7:29am BST

 

Foster Farms battles insurers over definition of 'recall'

 

7:26am BST

 

Analysis - Scoping the new subprime as watchdogs cry 'bubble'

 

7:00am BST

 

China June consumer inflation cools, more stimulus expected

 

6:19am BST

 

Shanghai joins Beijing in approving more luxury housing

 

5:47am BST

 

Citigroup may pay $7 billion to resolve U.S. mortgage probes - source

 

3:13am BST

 

UK insurers "begrudgingly" coming around to Solvency II rules - Grant Thornton

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

Rapid Price Increases for Some Generic Drugs Catch Users by Surprise

 

By ELISABETH ROSENTHAL

 

In recent years, generic drugs have saved the health care system billions, but increasingly the costs of some generics are going the other way.

 

GENERIC-sfSpan.jpg

Stewart Cairns for The New York Times

 

Antoinette Newell of Schenectady, N.Y., and Dr. Barry Lindenberg have seen a sudden rise in the cost of digoxin for her heart.

 

 

 

 

Fed, Confident in Economy, Details End of Bond-Buying Program

 

By BINYAMIN APPELBAUM 2:01 PM ET

 

Minutes of the Federal Reserve’s June meeting show that policy makers expect to end the stimulus program in October provided the economy continues to grow.

 

10apparel-thumbStandard.jpg

American Apparel and Investors in Reported Deal on Retailer’s Future

 

By ELIZABETH A. HARRIS

 

The company is to remake its board and to keep its manufacturing in the United States.

 

DealBook

 

dbpix-citi-thumbStandard.jpg

Citigroup Is Said to Be Close to Settling Inquiry Into Mortgage Securities

 

By MICHAEL CORKERY and BEN PROTESS

 

The deal could cost the bank roughly $7 billion, people briefed on the matter said.

 

DealBook

 

0709INSIDER-thumbStandard.jpg

Prosecutors’ Winning Streak on Insider Trading Cases Ends

 

By MATTHEW GOLDSTEIN, BEN PROTESS and RACHEL ABRAMS

 

The younger brother of the convicted inside trader Raj Rajaratnam was found not guilty at his own trial, a rare loss for federal prosecutors.

 

09google-thumbStandard.jpg

European Companies See Opportunity in the ‘Right to Be Forgotten’

 

By MARK SCOTT

 

After a court ruling, companies in the business of monitoring and managing online reputations have added a sideline of removing links from searches.

 

 

SUB-SWISS-thumbStandard.jpg

Swiss Banks’ Tradition of Secrecy Clashes With Quests Abroad for Disclosure

 

By DOREEN CARVAJAL

 

Laws demanding client confidentiality create a bind for those who cooperate with inquiries into tax evasion.

 

0709BOLIVAR-1-thumbStandard.jpg

Profits Vanish in Venezuela After Currency Devaluation

 

By WILLIAM NEUMAN 12 minutes ago

 

An overvalued bolívar meant the country had been a major source of profits for foreign firms, but they evaporated for many with a new exchange rate.

 

 

 

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

Federal Reserve on course to end QE3 in October

 

UBS predicts savings flight from Scotland in the event of 'yes' vote

 

scot_2109463g.jpg

Analysts say potential loss of Bank of England as a lender of last resort would mean savers moving their deposits south of the border

235 Comments Cable orders review of privatisations

 

royal-mail_2695354g.jpg

The Business Secretary accepts demands by the National Audit Office for a review of Government IPOs in wake of Royal Mail sale

 

BoE's Shafik asked if she'll 'learn on the job'

 

shafik_2969962g.jpg

The incoming Deputy Governor of the Bank of England has defended her credentials and experience to be the second female member of the MPC in history

1 Comment

ECB and UK clash over euro clearing house ban

 

eu-budget-uk-eu-fl_2423438g.jpg

Government is challenging ECB decision to restrict certain trades to the eurozone, in latest altercation over Europe's influence on London's financial power

Comment

Qatar cuts holding in LSE by a third

 

LSE_1834536g.jpg

Gulf investor trims stake ahead of $1.6bn rights issue to fund acquisition of Russell Investments

Comment

UK house prices show little sign of slowing

 

forsale_2023326g.jpg

House prices fell 0.6pc in June, according to Halifax figures, but wider trends show fastest increases since the financial crisis

33 Comments

 

Brexit would be 'enormous shock' for EU - ECB

 

eu-budget-uk-eu-fl_2423438g.jpg

Benoit Coeure, a member of European Central Bank's executive board, speaks out against UK leaving EU

572 Comments

 

Watchdog to review high-frequency trading

 

london_2642803g.jpg

Financial Conduct Authority launches most wide-ranging competition review of investment banking in UK history

1 Comment

SSP expected to float with £1bn market value

 

Upper_Crust_Coffee_2351279g.jpg

Shares in the Upper Crust owner are to be priced at 210p

Comment

HMRC's new powers against Magna Carta

 

news_hmrc_2113723g.jpg

MPs say they are "horrified" by the tax authorities plans to dip into the personal bank accounts of 17,000 "recalcitrant debtors"

256 Comments

 

Modi must get to grips with the venality of India's political class

 

A weaker euro will not solve French problems

 

euro-crisis_2821613g.jpg

France is in trouble economically because it is uncompetitive relative to its eurozone partners, not just relative to non-euro countries

17 Comments Watch PMQS live: Cameron grilled over child sex abuse inquiry

 

 

 

 

Embracing India

 

 

 

 

UK house prices 'to jump 35pc in six years’

 

 

 

 

Miliband plans for rail and banks attacked

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

Breaking news

 

 

 

 

 

 

 

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

Business News RSS Feed - click to grab the feed

pg-34-m-and-s-pa.jpeg Marc Bolland under pressure after M&S finance chief leaves for rival Tesco

 

Second blow for Bolland after M&S boss revealed food sales fell for the 12th quarter in a row earlier this week

 

 

 

Federal Reserve reveals schedule for ending quantitative easing

 

 

 

 

New blow for Coalition economic rebalance as UK trade deficit widens

 

 

 

 

Burberry sales surge appeases angry shareholders over Bailey's pay package

 

 

 

 

Scottish Power and Npower complaints double in three months

 

 

 

 

Watchdog investigates ‘Flash Boy’ traders over rip-off concerns

 

 

 

 

Donald Sterling lashes out at wife Shelly Sterling over Clippers sale: 'Get away from me, you pig'

 

 

 

 

Lord Myners to review Royal Mail share sell-off fiasco

 

 

 

 

Riskier mortgages on the up, but property demand wanes

 

 

 

 

Lord Sainsbury praises Justin King as he bows out after 10 years

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

10 July 2014 Last updated at 20:39

 

 

US sues Amazon over app spending_76190969_tv022765969.jpg

 

The US Federal Trade Commission sues Amazon, alleging it allowed millions of dollars of unauthorised purchases by children in its mobile app store.

 

 

_76191686_f35.take.off.lm.jpgNew combat jet's UK debut cancelled New

 

The F-35 combat jet, due to be used on Britain's new aircraft carriers, will not appear at the Royal International Air Tattoo on Friday.

 

 

 

_76174677_76174671.jpgMarkets hit by Portuguese bank fears

 

Stock markets in Europe and the US fall sharply over concerns about the health of one of Portugal's biggest banks.

 

 

 

Other Top Stories

 

 

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

France says won EU backing on takeovers law, EU says will monitor

 

8:29pm BST

 

Unilever sells Slim-Fast brand to U.S. private equity firm

 

8:03pm BST

 

Exclusive - Commerzbank may pay $600-$800 million to settle U.S. probe - sources

 

Middle East 8:02pm BST

 

Lufthansa eyes long-haul service with SunExpress

 

Aerospace & Defence 7:11pm BST

 

Wall Street sags on Portugal woes; U.S. notes, yen gain

 

FXpert, Japan 6:48pm BST

 

General Electric picks partners for GE9X engine on Boeing 777X

 

Japan, Aerospace & Defence 6:36pm BST

 

Financial services firms lead FTSE lower in broad-based slide

 

5:15pm BST

 

Germany's Bosch sees sales growth at top end of range - CEO in paper

 

5:06pm BST

 

UK watchdog sees rising requests for help on currency probe

 

UK 4:55pm BST

 

British watchdog loses patience as asset managers flout fees rules

 

UK 4:55pm BST

 

Skechers sues Fila over Go Walk shoes patent infringement

 

4:34pm BST

 

Modi budgets for Indian growth, deficit plans questioned

 

4:34pm BST

 

M&S finance chief defects to Tesco

 

4:23pm BST

 

Burberry beats sales forecasts, warns of forex hit

 

UK, 4:22pm BST

 

Burberry shareholder sells $117 million of shares - source

 

UK 4:21pm BST

 

Vodafone to push ahead with Indian tax arbitration case

 

UK 4:12pm BST

 

India's Modi budgets $33 million to help build world's tallest statue

 

3:55pm BST

 

Engine fire triggers new turbulence for Lockheed's F-35 jet

 

Aerospace & Defence 3:36pm BST

 

Lockheed F-35 fighter jet to miss UK military air show

 

Aerospace & Defence 3:35pm BST

 

China agrees to reduce FX intervention "as conditions permit"

 

G20 3:33pm BST

 

Deutsche Bank hires former Luxembourg minister Frieden

 

3:19pm BST

 

S&P calls India's budget 'cautious', says has no impact on ratings

 

2:47pm BST

 

Lufthansa CEO defends low-cost expansion plans

 

Aerospace & Defence 2:46pm BST

 

Exclusive: ECB keeps banks on tight leash for health check results -sources

 

2:31pm BST

 

Property mix and robust demand to double profit for builder Barratt

 

UK, 2:20pm BST

 

Britain seen empty-handed in EU top jobs carve-up

 

UK, 2:12pm BST

 

U.S., UK officials waiting for more data on F-35 engine mishap

 

2:06pm BST

 

Faltering Germany casts cloud over fragile euro zone

 

1:52pm BST

 

Lockheed says F-35 investments will save $1.8 billion by 2019

 

1:36pm BST

 

Factbox- Engine fire triggers new turbulence for Lockheed's F-35 jet

 

1:32pm BST

 

Bank of England keeps rates low, policymakers' views seen splitting soon

 

1:29pm BST

 

Lockheed, Northrop, BAE to invest up to $170 million to lower F-35 cost

 

1:14pm BST

 

Adidas 2 Nike 0 in World Cup final but competition goes on

 

Sport 1:11pm BST

 

BoE's Bailey says bank asset reviews not foolproof

 

UK, 1:06pm BST

 

Growing fines for bad banks make them harder to shore up, says BoE

 

UK, G20 1:05pm BST

 

India bonds, rupee give up gains; deficit target seen as 'challenging'

 

1:00pm BST

 

Qatar cuts stake in London Stock Exchange by a third

 

Middle East 12:52pm BST

 

India takes step towards allowing foreign investment in e-commerce

 

12:37pm BST

 

Booming business at Primark prompts ABF to lift earnings forecast

 

12:26pm BST

 

India to raise 454.71 billion rupees in telecoms sector fees

 

12:16pm BST

 

Boeing will 'fight' revamped Airbus A330, defends 787

 

Aerospace & Defence 12:13pm BST

 

Corporate winners and losers from India's budget

 

11:45am BST

 

Metro keen to hold on to Media-Saturn despite fight with founder

 

11:17am BST

 

India budget: Government to issue net 144.54 billion rupees of 91-day t-bills

 

11:10am BST

 

Exclusive - Commerzbank may pay $600 million-$800 million to settle U.S. probe: sources

 

Middle East 10:51am BST

 

Britain's Petrofac gets $700 million contract in Kuwait

 

UK, Middle East 10:20am BST

 

Airbus denies $20 billion IndiGo jet deal report

 

Aerospace & Defence 10:06am BST

 

UK trade gap widens in May on higher aircraft imports

 

UK, Aerospace & Defence 10:01am BST

 

Bank of France calls for rate cut on regulated savings accounts

 

9:58am BST

 

EU top court upholds 152 million euro fine for Telefonica

 

9:20am BST

 

Exclusive - Russia sets new banking rules for state firms amid downturn

 

9:17am BST

 

French industrial output, inflation weaker than expected

 

8:56am BST

 

Fund manager Ashmore gets asset boost in fourth quarter

 

8:23am BST

 

China June trade data misses forecasts, doubts over economy linger | btn_rel_video.gif

 

7:53am BST

 

Burberry warns foreign exchange rates to impact profits

 

7:42am BST

 

Fed mulls policy exit, eyes end of asset purchases | btn_rel_video.gif

 

7:38am BST

 

Bank of Korea stands pat - trims growth, inflation outlook

 

7:36am BST

 

House builder Barratt sees year profit at top end of forecasts

 

7:32am BST

 

Hays reiterates full-year outlook on strong local growth

 

7:29am BST

 

Mothercare's interim CEO named permanent boss

 

7:23am BST

 

Honda recalls over 175,000 hybrids in Japan due to software glitch

 

Japan 7:12am BST

 

Japan May orders data shock casts shadow over recovery scenario

 

Japan 6:54am BST

 

Japan consumer mood improves in June

 

Japan 6:14am BST

 

Emerging market fund managers ignore borders, chase profits

 

6:06am BST

 

Instant View - Japan May machinery orders post record monthly decline

 

Japan 4:29am BST

 

China needs to work hard to meet 2014 trade target - customs official

 

3:47am BST

 

Citigroup may pay $7 billion to resolve U.S. mortgage probes - source | btn_rel_video.gif

 

3:38am BST

 

Official data may understate any recovery in UK wages - think tank

 

UK 3:11am BST

 

UK cost agency backs Lundbeck alcohol dependency drug

 

3:10am BST

 

ECB keeps banks on tight leash with Oct test results - sources

 

3:07am BST

 

Qatar slashes stake in London Stock Exchange group - Telegraph

 

Middle East 3:05am BST

 

BNP pleads guilty again in $9 billion U.S. sanctions accord

 

3:03am BST

 

UK cost agency backs Lundbeck alcohol dependency drug

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

Defense Lawyer Ends Preet Bharara’s Streak in Insider Trading Cases

 

By RACHEL ABRAMS 1:33 PM ET

 

Daniel M. Gitner, who stopped a United States attorney’s perfect record in prosecuting insider trading cases, overcame public anger with Wall Street to win a not-guilty verdict for Rengan Rajaratnam.

 

dbpix-gitner-sfSpan-v2.jpg

Ozier Muhammad/The New York Times

 

Daniel Gitner, the lawyer who received a not-guilty verdict for a client accused of insider trading.

 

 

 

 

11markets-pic1-thumbStandard.jpg

Stock Markets Fall Amid Trouble at Bank in Portugal

 

By GERRY MULLANY and CHAD BRAY 2:52 PM ET

 

The plight of a Portuguese lender plays into concerns about Europe’s financial system, setting off a sell-off on the Continent and in the United States.

 

11fed-pic1-thumbStandard.jpg

House Republicans Resume Push to Rein In the Fed

 

By BINYAMIN APPELBAUM 1:12 PM ET

 

The proposals would require the Fed to set monetary policy based on a published formula, eliminate the Fed’s responsibility to maximize employment, or eliminate the body entirely.

 

10urgentcare-375-thumbStandard.jpg

Race Is On to Profit From Rise of Urgent Care

 

By JULIE CRESWELL

 

A growing category in health care promises an alternative to the hospital emergency room and perhaps the family practitioner, with low fees and extended hours.

 

 

0710EUROVICE-thumbStandard.jpg

Sizing Up Black Markets and Red-Light Districts for G.D.P.

 

By LIZ ALDERMAN

 

With countries in the European Union obliged to reduce their debt as a percentage of their economies, the quantifying of vice is expected to make growth rates look rosier.

 

11diesel-pic1-thumbStandard.jpg

Surge in European Use of Diesel Cars Is Challenge for Oil Refiners

 

By STANLEY REED 51 minutes ago

 

With refining eroding into a money-losing area for most European players, the company is making a contrarian bet by expanding diesel production.

 

Bits Blog

 

11microsoft-pic1-thumbStandard.jpg

Satya Nadella Says Changes Are Coming to Microsoft

 

By NICK WINGFIELD 34 minutes ago

 

An essay sent to Microsoft employees by the company’s chief executive appears to lay the groundwork for significant changes that will be revealed later this month.

 

Costs-thumbStandard.jpg

Health Insurers Are Trying New Payment Models, Study Shows

 

By REED ABELSON

 

The sector is spending more than $65 billion a year in new “value-based” payment models, according to a Blue Cross Blue Shield Association study, which looked at 350 programs.

 

 

 

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

Portugal banking crisis sends tremors through Europe

 

markets_2971460g.jpg

Portugal’s regulator suspends trading of Banco Espirito Santo after its share price crashes 17pc, reviving worries about the health of Europe’s banks

3 Comments

BoE could step in if banks' loans get too risky

 

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Prudential Regulation Authority chief executive Andrew Bailey warns that inadequate risk weights were one of the problems ahead of the financial crisis

22 Comments

 

UK trade deficit widens in May

 

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Economists say eurozone weakness and strength of sterling make it less likely that trade deficit will narrow this year

13 Comments

M&S finance boss defects to Tesco

 

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Alan Stewart has been poached by M&S's retail rival Tesco

11 Comments

Crackdown on £3bn dealer commission market

 

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Announcement comes as regulator's annual report reveals £29.3m loss and higher salary for chief executive Martin Wheatley

Comment

SSP float worth £15m to Kate Swann

 

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Former WH Smith boss awarded £1.3m additional bonus for taking the catering company public in £977m float

Comment

 

Bailey boosts Burberry sales

 

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Burberry sales rise more than expected in Christopher Bailey's first quarter in charge

Comment

 

Unilever tightens belt with Slim-Fast sale

 

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Anglo-Dutch consumer goods giant sells weight loss brand to Kainos Capital for an undisclosed sum

Comment

Tullett Prebon wins $33m damages from rival

 

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US regulator rules in favour of London-listed inter-dealer broker run by Terry Smith

Comment

FirstGroup insists turnaround 'on track'

 

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The transport group, which carries 2.5bn passengers a year, spells out improvements ahead of an expected shareholder rebellion at its annual meeting next week over executive pay

 

 

When will interest rates rise?

 

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The market prediction for the first rise has swung wildly in recent months, as this chart shows

North Sea oil revenues 'will decline more sharply'

 

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Is Labour's plan for a state-owned rail company too risky?

 

The UK and 50 years of public sector over-reach

 

Fossil industry is the subprime danger of this cycle

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

 

An interview with the author of When Money Dies.

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

Breaking news

 

 

 

 

 

 

 

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

11 July 2014 Last updated at 20:06

 

 

Burberry investors reject boss's pay_76205434_bailey_getty.jpg

 

Investors have delivered a blow to fashion house Burberry, by voting against the chief executive's pay package at the annual general meeting in London.

 

 

_76215795_64549634.jpgHBOS bank failure review to proceed

 

The Financial Conduct Authority says the review into why HBOS bank failed will be published by the end of the year.

 

 

_76203782_000443955-1.jpgMelua admits being 'clueless' on tax

 

Katie Melua admits she was "clueless and inexperienced" when she was advised to sign up to a tax avoidance scheme known as Liberty.

 

 

 

Other Top Stories

 

 

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

Airbus to launch rebranded A330-800/900neo - sources

 

Aerospace & Defence 8:08pm BST

 

German-U.S. car parts tie-up could spark more deals -analysts

 

8:01pm BST

 

America Movil asset sale should be across the board - Slim

 

7:47pm BST

 

Rise of the machines sees Barclays turn cashiers into tablet-toting bankers

 

7:17pm BST

 

BRICS bank to defy Western clout in global finances

 

6:13pm BST

 

Burberry rebuked by investors over Bailey pay

 

6:05pm BST

 

Portugal's PM tries to soothe investors; BES says can cover any losses | btn_rel_video.gif

 

5:28pm BST

 

Lawmakers criticise government and advisers over Royal Mail sale | btn_rel_video.gif

 

UK 5:24pm BST

 

Gains in Shire and tobacco stocks help end FTSE's losing streak

 

5:23pm BST

 

U.S. cigarette maker Reynolds in talks to buy rival Lorillard

 

5:03pm BST

 

Stock indexes flat as Portugal fears ease; oil down sharply

 

FXpert 4:58pm BST

 

UK watchdogs to publish HBOS bank failure review by year end

 

4:41pm BST

 

Rising food output to meet global needs over next 10 years - OECD/FAO

 

4:21pm BST

 

UK banks may have to hold more capital than under global rule

 

4:19pm BST

 

CME, Thomson Reuters win battle to replace century-old silver benchmark

 

4:08pm BST

 

Archbishop's blushes spared as Church of England severs Wonga ties | btn_rel_video.gif

 

UK 3:54pm BST

 

Whirlpool to buy 60 percent of Italy's Indesit for $1 billion

 

3:21pm BST

 

Bookmakers forecast record betting in Britain on World Cup final

 

UK, Sport 2:55pm BST

 

With Alstom deal settled, focus on GE turns to margins, orders

 

1:47pm BST

 

As Shire stays silent, some investors urge talks with AbbVie

 

1:45pm BST

 

UK construction shrinks in May, dampens some second quarter growth hopes

 

UK, 12:41pm BST

 

Britain's Friends Life to sell Lombard unit to Blackstone

 

12:34pm BST

 

Analysis- Emerging market fund managers ignore borders, chase profits

 

12:12pm BST

 

British banks paying $2 billion for swaps mis-selling -regulator

 

UK, 11:38am BST

 

Global regulator reviews corporate penalties, seeks more uniformity

 

G20 11:36am BST

 

Banks to return 3.7 billion euros in crisis loans to ECB next week

 

11:22am BST

 

South Africa's NUMSA regions reject 10 percent wage offer - union sources

 

Africa 10:49am BST

 

Portugal's BES insists family losses will not put bank at risk

 

10:02am BST

 

UK regulator says it temporarily restricted short selling in BES

 

9:21am BST

 

Japan economics minister warns of premature QE exit, sees room for more easing | btn_rel_video.gif

 

Japan 9:12am BST

 

Japanese firms near crisis point as labour shortage deepens

 

Japan 8:28am BST

 

UK regulator says it temporarily restricted short selling in BES

 

8:02am BST

 

Finance Minister Aso: Japan long-term rates are abnormally low

 

Japan 6:39am BST

 

Japan's Amari: PM Abe wants to conclude TPP trade talks by year end

 

Japan 6:39am BST

 

Church of England severs ties with payday lender Wonga

 

5:43am BST

 

M&S finance chief defects to Tesco

 

5:42am BST

 

Exclusive - Carl Icahn says 'time to be cautious' on U.S. stocks

 

5:40am BST

 

Burberry beats sales forecasts, warns of forex hit | btn_rel_video.gif

 

UK 5:05am BST

 

Argentina to send technocrats to debt talks

 

4:27am BST

 

China looking into Bank of China money laundering allegations - Xinhua

 

4:07am BST

 

Church of England severs ties with payday lender Wonga

 

12:28am BST

 

UK lawmakers criticise government and advisers over Royal Mail sale

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

The Post-Post-Apocalyptic Detroit

 

By BEN AUSTEN

 

 

Black and white, young and old, billionaires and shop owners — a growing chorus of optimists in Detroit is saying that the time is right to invest.

 

 

 

 

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Andrew Moore for The New York Times

 

A view of Detroit from G.M.'s Renaissance Center.

 

 

 

 

 

 

 

DealBook

 

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Reynolds in Talks to Acquire Lorillard in Merger of Tobacco Rivals

 

By CHAD BRAY and MICHAEL J. DE LA MERCED 22 minutes ago

 

Confronting a shrinking market of smokers, a deal would unite some of the best-selling brands in cigarettes, including Camel and Newport.

 

DealBook

 

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Wells Fargo’s Profit Prowess Shows Signs of Slowing

 

By MICHAEL CORKERY 1:53 PM ET

 

Wells Fargo said its profit in the second quarter rose 4 percent from the same period a year ago to $5.7 billion, as credit quality improved and the bank tightened expenses.

 

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Despite a Pledge by Samsung, Child Labor Proves Resilient

 

By DAVID BARBOZA

 

The presence of at least three under-age workers at a Shinyang Electronics factory casts a cloud over the labor practices of Samsung and its suppliers.

 

 

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Questcor Reveals Adverse Events Data for Acthar for First Time

 

By GRETCHEN MORGENSON

 

The drug manufacturer, recipient of a $5.6 billion takeover bid, disclosed that almost 5 percent of prescriptions generated reports of ill effects.

 

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Natural Gas Pipeline Plan Creates Rift in Massachusetts

 

By TOM ZELLER Jr.

 

Property owners are caught between the need to cooperate with increasing the energy supply and the desire to protect their land.

 

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A Provocateur’s Book on Hillary Clinton Overtakes Her Memoir in Sales

 

By AMY CHOZICK and ALEXANDRA ALTER

 

Edward Klein’s “Blood Feud: The Clintons vs. the Obamas,” a 320-page unauthorized and barely sourced account, has toppled “Hard Choices” from its spot on the best-seller list.

 

 

 

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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