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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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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

Standard Life boss: Yes campaign has failed to make its case for Scottish independence

 

Standard Life chief says the company has to 'be responsible and act in the best interests of our customers'

 

Coach sales decline but Chinese market helps offset losses

 

 

 

 

Lonrho sued for fraudulent misrepresentation

 

 

 

 

UK services industry expands to reach eight-month high

 

 

 

 

Meggitt shares plunge after profits take 20% hit

 

 

 

 

Americans fall out of love with burgers...But their appetite for chicken sandwiches, doughnuts and coffee is insatiable

 

 

 

 

Payday lender Cash Store collapses with 120 jobs lost

 

 

 

 

Britain ‘facing lost decade of economic growth’

 

 

 

 

Co-op finds like-minded buyer for its farms business

 

 

 

 

Customers at risk as Fagor faces liquidation

 

 

 

David Prosser: Europe’s most generous tax incentives are on offer for a seed investment scheme - but will the Treasury spoil it?

 

Small Talk

 

 

New kids on the media block still need to add the old school ruthlessness of their predecessors

 

 

 

 

Independence and a currency union may not be compatible for Scotland

 

 

 

 

Mark Leftly: At least some gender battles are won. Race is the elephant in the boardroom

 

 

 

 

Ben Chu: Applus floating into trouble

 

 

 

 

Ben Chu: Only structural reform will clean up our unsound banking system

 

 

 

 

James Moore: Impressive Next leads the fashion pack

 

 

 

 

James Moore: Who can predict what will emerge from swamp?

 

 

 

 

James Moore: Andrew Higginson faces a tough time transforming Morrisons

 

 

 

 

Chris Blackhurst: Let’s stop moaning and start acting – it’s time to bank on getting tough with our white-collar crooks

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

Stocks, bond yields fall on latest Ukraine flare

 

FXpert 8:22pm BST

 

Russia diverts pension savings to plug budget hole for second year

 

8:17pm BST

 

Exclusive: Iliad in talks with investors to improve T-Mobile bid - sources

 

7:58pm BST

 

U.S.-Africa summit garners over $17 billion in investment pledges

 

Africa 7:50pm BST

 

Telefonica bids 6.7 billion euros for Vivendi's Brazil broadband unit | btn_rel_video.gif

 

7:45pm BST

 

Britain's Lycamobile to enter Mexico amid telco shakeup - sources

 

7:28pm BST

 

Glencore courts Guinea's iron ore treasures - document

 

Africa 6:59pm BST

 

T-Mobile US to reject Iliad's $15 billion bid as early as tomorrow - FT

 

6:52pm BST

 

Portugal's Novo Banco leaves 4.4 billion euros behind in BES 'bad bank'

 

6:43pm BST

 

UK watchdog bans sale of bank CoCo bonds to mass retail market

 

6:15pm BST

 

Sturdy U.S. services, factory data boost growth picture

 

6:14pm BST

 

Shares in Fiat fall, traders cite China probe report

 

6:09pm BST

 

Bidders emerge for E.ON's Spanish assets - sources

 

Spain 6:05pm BST

 

Weir and Intertek prop up Britain's FTSE 100

 

FXpert 5:55pm BST

 

UniCredit sees improvement in Italy, shrugs off Russia impact

 

5:52pm BST

 

UniCredit sees no need to change business plan on slow Italy growth

 

5:49pm BST

 

France urges ECB, Germany, to do more on growth and deflation risk | btn_rel_video.gif

 

5:46pm BST

 

Irish 2014 tax revenues 2.5 percent above target at end-July

 

5:23pm BST

 

Barclays can keep billions from Lehman brokerage -US appeals court

 

5:05pm BST

 

Campari cuts profit margin forecast on expansion costs

 

Spain 4:13pm BST

 

New models and China sales help BMW top profit forecast

 

3:45pm BST

 

Surprise jump in UK services PMI heralds continued strong growth

 

3:29pm BST

 

Deutsche Bank names UniCredit's Faruque global compliance head

 

3:05pm BST

 

U.S. services sector growth dips in July, still strong -Markit

 

3:01pm BST

 

Unicredit paid back 10 billion euros of LTRO funds in Quarter2

 

2:54pm BST

 

Greek yields hit 2-month high as EU mulls scrapping troika control

 

2:50pm BST

 

Insider Papa to replace Mustier as UniCredit investment bank chief

 

2:48pm BST

 

End in sight for HSBC's U.S. subprime loans disaster

 

2:43pm BST

 

Fiat says reports over shareholders selling out "groundless"

 

2:14pm BST

 

Deutsche Post to spend more on DHL as profits rise

 

1:49pm BST

 

Deutsche Post CFO says costs at German mail ops rising too fast

 

1:49pm BST

 

Daimler's Mercedes-Benz says assisting Chinese authorities in investigation

 

1:18pm BST

 

Exclusive - Wall Street banks take heart from leveraged loan exams

 

12:17pm BST

 

Toyota reliance on U.S. deepens as emerging markets falter | btn_rel_video.gif

 

11:34am BST

 

Euro zone June retail sales show strongest year/year rise in seven years

 

11:13am BST

 

Shares in Telecom Italia extend losses on Telefonica offer for GVT

 

10:48am BST

 

Toyota first quarter profit rise beats estimates, U.S. sales outlook raised | btn_rel_video.gif

 

10:45am BST

 

Standard Life reiterates concerns about Scots independence

 

10:29am BST

 

IHG upbeat as economic revival lifts demand in United States

 

10:18am BST

 

Samsung Elec to pass fewer orders to China supplier in child labour response

 

10:06am BST

 

Bank of England chief economist warns of risks from insurers and funds

 

UK 9:19am BST

 

Euro zone business growth accelerates but prices slide - PMI

 

9:08am BST

 

Credit Agricole second quarter profit plunges on Espirito Santo hit

 

8:44am BST

 

Credit Agricole starts sanctions talks with U.S. authorities

 

8:43am BST

 

Daimler says assisting Chinese authorities in investigation

 

8:30am BST

 

BlackBerry closes chapter on restructuring process - internal memo

 

6:31am BST

 

China regulator says Microsoft should not obstruct anti-trust probe | btn_rel_video.gif

 

5:20am BST

 

China July official services PMI dips to six-month low

 

4:59am BST

 

Argentina launches investigation into holdouts' investments

 

4:02am BST

 

Argentina economy will likely contract this year - U.N.

 

4:02am BST

 

U.S. judge defends debt mediator against Argentine broadside

 

4:02am BST

 

Japan Finance Minister Aso- pullback in demand after sales tax hike easing

 

Japan 3:37am BST

 

Argentina launches investigation into holdouts' investments

 

12:21am BST

 

Argentina economy will likely contract this year - U.N.

 

12:21am BST

 

U.S. judge defends debt mediator against Argentine broadside

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

5 August 2014 Last updated at 20:22

 

 

US firms to invest $14bn in Africa_76764368_452990922.jpg New

 

US President Barack Obama reveals that US companies are planning $14bn of investment in Africa at the inaugural US-Africa Leaders Summit.

 

 

_76761589_76761539.jpgBA suspends flights amid Ebola alert

 

British Airways suspends flights to and from Liberia and Sierra Leone until the end of August amid concerns over the Ebola outbreak.

 

 

 

_76757283_123374052.jpgSony gives up on selling e-readers

 

Sony gives up selling its line of Reader devices for e-books after failing to find a big enough market.

 

 

 

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

Putin signs $20bn oil deal with Iran to bypass Western sanctions

 

oil_2997656g.jpg

Five-year accord will see Russia help Iran organise oil sales, but government denies it has violated international obligations

36 Comments Scottish independence 'Yes' camp 'deluding itself' on currency union

 

scotland_2797000g.jpg

Analysis of referendum debate by Societe Generale says independent Scotland would have 'immense' task ahead of it

Comment

Walgreens to buy Alliance Boots in £5bn deal

 

boots-photo_2207591g.jpg

US pharmacy giant to buy remaining 55pc of the equity it does not already own

Comment

Global economy one shock away from another crisis

 

market_2986243g.jpg

Fathom Consulting warns that world is sliding towards its next "Minsky moment", with biggest risk stemming from China

81 Comments

 

Five reasons Moody's is predicting a UK banking downturn

 

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Credit ratings agency cites house price inflation, new ring-fencing rules and the decline of implicit support as it goes negative on sector

73 Comments

Unemployment 'to fall below 6pc' after service sector growth

 

UK_2896282g.jpg

PMI figures for Britain's dominant sector beat expectations, suggesting growth of 0.8pc in third quarter

34 Comments

 

InterContinental Hotels Group 'could be sold'

 

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IHG chief executive Richard Solomons says they would "look at an approach that was value creating" as activist investor open the door to tax inversion takeover bids

Comment

Credit Agricole writes off entire Banco Espirito Santo stake

 

credit_agricole_2281661g.jpg

Boss of French bank Jean-Paul Chifflet accuses parent family of misleading investors

6 Comments

Standard Life warns: 'no clarity on Scottish independence'

 

standard-life_2996743g.jpg

Financial services giant highlights continuing issues raised by a 'Yes' vote as profits rise

87 Comments

Spanish and German strength drive eurozone growth to three-month high

 

 

 

 

 

The next government needs to reduce tax as a share of GDP

 

Imagine how good the economy would be if we helped the self-employed

 

Imagine how good the economy would be if Government actually helped the self-employed

 

employed_2997384g.jpg

Income tax, National Insurance, red tape - there is lots the Government could do to help those who want to work for themselves

6 Comments Chinese services sector fails to grow for first time on record

 

 

 

 

Jobless rate to hit lowest level since credit crisis

 

 

 

 

Argentina accuses default funds of 'fraudulent manoeuvres'

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

Media Giant Gannett to Spin Off USA Today and Print Business

 

By MICHAEL J. DE LA MERCED and CHRISTINE HAUGHNEY

 

The Gannett Company said it planned to spin off its 81 daily newspapers, including USA Today, and confirmed that it would buy out the 73 percent of Cars.com that it does not already own.

 

dbpix-gannett3-sfSpan.jpg

Justin Sullivan/Getty Images

 

The flagship title of the publishing business will remain USA Today, which the company has sought to build out into a digital news giant.

 

 

 

 

06inversion-pic1-thumbStandard.jpg

Obama Weighing Options to Stop Corporate Tax Flight

 

By JULIE HIRSCHFELD DAVIS 31 minutes ago

 

The Obama administration is considering plans to circumvent Congress and act on its own to curtail benefits for companies that relocate overseas to lower their tax bills.

 

 

06JAPAN-thumbStandard.jpg

Japan Keeps Door to Russia Open While Imposing Sanctions

 

By MARTIN FACKLER

 

The new measures, more limited than those announced last month by the United States, will freeze assets in Japan of groups and individuals involved in Russia’s intervention in Ukraine.

 

06daimler-pic1-thumbStandard.jpg

Chinese Regulators Search Daimler Offices

 

By CHRIS BUCKLEY and JACK EWING

 

The German auto giant said officials from an agency that enforces antimonopoly and pricing rules had raided its offices in Shanghai.

 

 

DealBook

 

dbpix-telefonica3-thumbStandard.jpg

Telefónica Offers $8.9 Billion for Vivendi’s Brazilian Business

 

By CHAD BRAY

 

If the deal is approved, the Spanish telecommunications company would combine its mobile and broadband operations in Brazil with those of Global Village Telecom.

 

DealBook

 

dbpix-subprime2-thumbStandard-v2.jpg

Focusing on G.M. Unit, U.S. Starts Civil Inquiry of Subprime Car Lending

 

By MICHAEL CORKERY and JESSICA SILVER-GREENBERG

 

Federal prosecutors have begun a civil investigation of the lending practices of General Motors and other companies, focusing on the selling of questionable loans to 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

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

More Economy 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

http://www.independent.co.uk/voices/comment/britain-has-taken-longer-to-recover-from-recession-than-at-any-time-since-the-south-sea-bubble-9645218.html

 

 

 

QuoteIt is without historical precedent. Fraser pointed me to a series published by the Bank of England which provides data on real GDP back to 1700, and guess what? He was right. It is now clear that George Osborne is responsible for the worst recovery in three hundred years of recorded history.

 

 

And who was responsible for getting us into this mess in the first place!!!!

 

 

 

QuoteFinally, what is unprecedented is the flatlining of the economy in the Great Recession under the Coalition, once the recovery was already underway, from around months 37 (February 2011) through month 59 (December 2012). In February 2011 GDP was 4.9 per cent below the starting level; it was 4.2 per cent below it in January 2012 and still 4.2 per cent below in December 2012. It had still only reached minus 3.1 per cent by May 2013, in month 64. The Coalition killed off recovery at birth.

 

 

Excellent piece of analysis confusing peak economy with reality. Clearly the boom period was "normality".

 

 

 

QuoteWe do know that the situation in other G7 countries was quite unlike the UK, which is next to last, behind Italy, in restoring output. Indeed, Canada restored its peak within two years, while the US, France and Germany restored theirs within three years. There was no comparable flatlining in France, which presumably was more impacted by eurozone weakness than the UK. If we examine GDP per head, the situation is even worse; it remains around 5 per cent below its starting level in the UK and looks unlikely to recover lost ground for another couple of years. GDP per capita is above starting levels in Germany, Japan, Canada, the United States and France.

 

 

Again making the assumption that the boom was in fact "normal" and the economic growth up to 2007/08 was sustainable.

 

 

 

QuoteThe second chart plots updated data from a Bank of England article by Hills and Thomas on GDP growth over the period 1700-2013, with major wars marked in grey. It shows that the UK economy has, almost always, bounced back rapidly from peacetime recessions, without a two-year flatlining period. Wars are different. Ryland Thomas from the Bank of England has kindly pointed out to me that over the last three hundred years you can find one peacetime episode where it does take output over seven years (on an annual basis) to recover to its pre-crisis peak. This is following the South Sea Bubble in 1720. Then the next one of comparable duration is Mr Osborne’s three hundred years later.

 

Clearly the logical conclusion is that growth from say 2000-2007/08 was in fact a bubble. An economic bubble burst which naturally means it takes longer for it work though the system! The economic bubble of 2000-2007/08 is perhaps far worse than the 1720 South Sea Bubble which was quite a big mother f***** bubble that bankrupted most of the country, and this time we've had a bubble and no bankruptcies. This is worrying as perhaps this means the bust hasn't even happened yet!

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

Banks’ credit ratings downgraded as state bailout guarantees recede

 

The scourge of “too-big-to-fail” banks in the UK is receding, according to the Moody’s credit rating agency.

 

 

UK industrial production misses market expectations

 

 

 

 

Services sector boom fuels fresh talk of an early interest rate rise

 

 

 

 

Logo fatigue hits Prada as sales slowdown to three-year low

 

 

 

 

Scottish independence: Nationalists have not convinced me, says Standard Life chief David Nish

 

 

 

 

Exclusive: High Court battle for investment company Lonrho

 

 

 

 

Britain leaving EU would be preferable if David Cameron cannot secure reforms, claims Boris Johnson

 

 

 

 

Rupert Murdoch's 21st Century Fox withdraws $75 billion bid for Time Warner

 

 

 

 

Payday lender Cash Store collapses with 120 jobs lost

 

 

 

 

Coach sales decline but Chinese market helps offset losses

 

 

 

James Moore: Standard Life’s conservative view wins friends south of the border

 

Outlook “In making our comments, we were not seeking to make a political comment.” If he can make more disingenuous statements like that with a straight face, then a political career may be ahead for David Nish, the chief executive of Standard Life.

 

 

Chris Blackhurst: Mike Ashley is not to the City’s tastes but those who scorn him would do better to follow his example

 

 

 

 

James Moore: Urban Exposure’s time to shine will soon come

 

 

 

 

James Moore: Moody’s gets into the holiday spirit with downgrade

 

 

 

 

David Prosser: Europe’s most generous tax incentives are on offer for a seed investment scheme - but will the Treasury spoil it?

 

 

 

 

New kids on the media block still need to add the old school ruthlessness of their predecessors

 

 

 

 

Independence and a currency union may not be compatible for Scotland

 

 

 

 

Mark Leftly: At least some gender battles are won. Race is the elephant in the boardroom

 

 

 

 

Ben Chu: Applus floating into trouble

 

 

 

 

Ben Chu: Only structural reform will clean up our unsound banking system

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

Walgreen to keep U.S. tax domicile after buying Alliance Boots | btn_rel_video.gif

 

8:01pm BST

 

Dish Network loses fewer-than-expected Pay-TV subscribers

 

7:55pm BST

 

Dish chairman says bid for T-Mobile possible now Sprint is out

 

7:54pm BST

 

Ukraine, economic gloom drag on FTSE; pharma shares lag | btn_rel_video.gif

 

FXpert 7:50pm BST

 

Standard Chartered again in firing line of NY regulator

 

7:43pm BST

 

Fiat CEO blames 'overreaction' for selloff threatening merger

 

7:41pm BST

 

Time Warner CEO questions megadeals after Fox pulls out

 

7:40pm BST

 

Glencore courts Guinea's iron ore treasures - document

 

Africa 7:39pm BST

 

Mondelez cuts sales target after price hike backlash

 

7:38pm BST

 

UK financial watchdog proposes rules for social media adverts

 

7:34pm BST

 

Pfizer to pay $35 million to U.S. states to settle Rapamune claims

 

7:32pm BST

 

Portugal banks to work for swiftest sale of new BES - association

 

7:30pm BST

 

European stocks end down on Russia, weak data; bonds rise

 

FXpert 6:41pm BST

 

Kellogg evaluating offer for UK's United Biscuits - Sky News

 

6:33pm BST

 

Carillion to approach investors to revive Balfour deal -Times

 

6:30pm BST

 

UK mortgage holders ready for rate hike by tightening belts -poll

 

6:04pm BST

 

ICAP, MTS offer benchmark euro zone repo index

 

5:48pm BST

 

Lloyds Bank shareholders launch group action over HBOS takeover

 

5:42pm BST

 

Italy's economy slides back into recession | btn_rel_video.gif

 

5:40pm BST

 

Shell's Godorf-Rheinland refinery to have maintenance in Sept -traders

 

5:32pm BST

 

Chrysler profit up amid investor concerns over merger with Fiat

 

5:14pm BST

 

U.S. Treasury to conduct test bond buyback operations

 

4:24pm BST

 

StanChart takes $175 million provision for suspected Qingdao fraud

 

4:04pm BST

 

U.S. trade deficit at five-month low as petroleum imports fall

 

3:55pm BST

 

Sprint drops bid to buy T-Mobile after regulatory resistance | btn_rel_video.gif

 

3:47pm BST

 

UK economic growth slows in May-July -NIESR

 

3:35pm BST

 

German orders suffer sharpest fall in almost three years in June

 

3:24pm BST

 

Russian banks in euro zone could face curbs on ECB borrowing as sanctions bite

 

3:21pm BST

 

Ex-Investec traders lose $10 million London bonus battle

 

2:38pm BST

 

UK house prices surge again, but industrial data disappoint

 

2:38pm BST

 

Du Plessis to chair SABMiller in addition to Rio Tinto

 

2:36pm BST

 

In Africa, haircare becomes a multi-billion dollar industry

 

World, Africa 2:24pm BST

 

Top Bank of England insurance regulator to move to Prudential

 

UK, G20 1:47pm BST

 

Italy must pursue reforms to exit recession - economy minister

 

1:42pm BST

 

Analysis - Disney toy division's focus on franchises makes it a star

 

1:19pm BST

 

Brent rebounds towards $105; U.S. oil stocks eyed

 

1:09pm BST

 

U.S. mortgage applications rise in latest week -MBA

 

12:58pm BST

 

Cognizant warns of slower growth; shares fall

 

12:37pm BST

 

German government sees no need for growth-boosting measures France wants

 

11:50am BST

 

Legal & General gets profit boost from company pension deals

 

UK 11:48am BST

 

ING eyes higher shareholder payout as loan growth surges

 

11:41am BST

 

Cognizant quarterly revenue rises 16.5 percent

 

11:39am BST

 

China says to punish Audi, Chrysler for monopoly behaviour

 

11:34am BST

 

Fiat falls 8.5 percent, traders cite Chrysler merger concerns

 

11:29am BST

 

China anti-trust regulator conducts new raids on Microsoft, Accenture

 

11:13am BST

 

Draghi, Juncker hold 'constructive talks' on European economy

 

11:06am BST

 

StanChart CEO: problems with NY regulator not same scale as 2012

 

10:58am BST

 

Porsche SE plans acquisitions as profit rises

 

10:55am BST

 

Hong Kong court rules tycoon can sue Google for defamation

 

10:50am BST

 

Panasonic eyes $1.5 billion Olympic win with Tokyo Games infrastructure, innovations

 

Sport 10:30am BST

 

UK car industry body raises 2014 sales expectations to 2.45 million

 

UK 10:17am BST

 

China July data to give clues on recovery strength, more stimulus

 

9:46am BST

 

UK industrial output weaker than expected in June

 

UK, 9:40am BST

 

New contract wins boost Interserve as profit jumps

 

9:17am BST

 

UK house prices show biggest annual rise since 2007 - Halifax

 

8:58am BST

 

L&G net cash rises 13 percent on demand for retirement products

 

7:53am BST

 

German orders fall at their sharpest rate in almost three years in June

 

7:42am BST

 

Analysis - Corporate America's 'ABC' policy - Anything But Capex

 

6:58am BST

 

Tod's moves on from cosy loafers in bid to recover sales

 

6:32am BST

 

Irish service sector expands steadily in July - PMI

 

6:07am BST

 

High-frequency trading takes root in U.S. securities class actions

 

5:20am BST

 

Tesla resolves trademark dispute in China

 

4:35am BST

 

U.S.-Africa summit garners over $17 billion in investment pledges | btn_rel_video.gif

 

World, Africa 3:26am BST

 

Britain eyes regulation for virtual currencies

 

3:11am BST

 

U.S., South Sudan prod rebels as peace efforts sputter

 

World, Africa 3:01am BST

 

U.S. anti-drug efforts in West Africa may expand to protect wildlife

 

World, Africa 3:01am BST

 

Chrysler, Nissan looking into claims their cars 'most hackable'

 

2:27am BST

 

Argentina says to formally demand U.S. banks make bond payouts

 

2:21am BST

 

Rupert Murdoch's Fox abandons Time Warner takeover bid

 

1:58am BST

 

Sturdy U.S. services, factory data boost growth picture

 

1:25am BST

 

Brazil finance chief says economy to pick up after slow start

 

12:45am BST

 

Disney profit jumps thanks to movies, parks, products

 

12:44am BST

 

U.S.-Africa summit garners over $17 billion in investment pledges

 

Africa, World 12:42am BST

 

U.S. anti-drug efforts in West Africa may expand to protect wildlife

 

World, Africa 12:42am BST

 

Rupert Murdoch's Fox abandons Time Warner takeover bid

 

12:36am BST

 

Sprint drops bid to buy T-Mobile - WSJ

 

12:30am BST

 

Britain eyes regulation for virtual currencies

 

12:27am BST

 

UK shop prices fall in July at fastest rate since 2006 - BRC

 

UK 12:19am BST

 

U.S., South Sudan prod rebels as peace efforts sputter

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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6 August 2014 Last updated at 18:58

 

 

Walgreens to buy up Alliance Boots_76773248_boots.jpg

 

High Street chemist Alliance Boots is to be bought up by US pharmacy giant Walgreens, with the new firm to be called Walgreens Boots Alliance.

 

 

_76781134_76780126.jpgFacebook sued by 25,000 members

 

A privacy action being taken against Facebook has attracted 25,000 members of the social network who are now seeking damages.

 

 

 

_76783347_76783339.jpgPutin orders retaliatory sanctions

 

Russian President Vladimir Putin bans or limits agricultural imports from countries imposing sanctions on Russia over the crisis in Ukraine.

 

 

 

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.

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UK homeowners start to panic sell in face of house price uncertainty

 

house-prices_2996981g.jpg

New research from Halifax shows that the majority of home owners in Britain think now is a "good time to sell" despite fluctuating house prices

Gold spikes, shares fall on Russia invasion fears

 

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Concern about the build-up of Russian troops on Ukraine's border sparked a sell-off in shares, while gold spiked

 

 

Shock as Italy stumbles into another recession

 

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Italian GDP contracted by 0.2pc in the second quarter of 2014, surprising economists

170 Comments

Thames Water challenged over London supersewer costs

 

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Water regulator Ofwat says Thames has so far failed to justify £331m of its initial £655m spending plans on the £4.2bn Thames Tideway Tunnel

3 Comments

China bans officials from buying Apple products

 

Apple-esc_2982087g.jpg

Chinese government blacklists Apple gadgets amid spying fears

Comment

Boots boss sits on $10bn fortune from Walgreens deal

 

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Stefano Pessina will have an 18pc stake in the $57bn US pharmacy giant

 

 

Second BoE executive director quits in three days

 

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Prudential hires man who oversaw £30m fine and censure for chief executive over failed AIA takeover

11 Comments

BBC must introduce quotas on web traffic sharing, says Johnston Press chief

 

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Former BBC executive Ashley Highfield to call on director-general Tony Hall to make commitment to help regional papers

Comment

Osborne embraces virtual currency Bitcoin

 

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Treasury to undertake study on risks and opportunities posed by new currencies

65 Comments

 

Richard Branson backs Dr Phil's virtual doctor venture

 

Richard-Branson-_2992881g.jpg

App allows patients to hold instant video consultations with family doctors

 

 

This is why UK house prices have gone up faster than anywhere else

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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Reducing Carbon by Curbing Population

 

By EDUARDO PORTER

 

Concern about climate change has reignited interest in finding ways to reduce the pace of population growth.

PORTER-sfSpan-v3.jpg

Joel Saget/Agence France-Presse — Getty Images

 

A schoolgirl in Mali. Education, especially of girls, has played a role in reducing the rate of births.

 

 

 

 

DealBook

 

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Sprint and SoftBank Back Away From T-Mobile US

 

By MICHAEL J. DE LA MERCED

 

Sprint and its corporate parent, the Japanese telecommunications giant, conceded that antitrust regulators would block a deal.

 

 

 

DealBook

 

dbpix-timewarner1-thumbStandard.jpg

After Pushback, Murdoch Abandons Fox’s Pursuit of Time Warner

 

By MICHAEL J. DE LA MERCED and JONATHAN MAHLER

 

It would have created a $150 billion giant, but Time Warner and Fox’s shareholders weren’t interested.

 

 

DealBook

 

dbpix-fail-bofa-thumbStandard.jpg

With Fed’s Blessing, Bank of America to Raise Dividend

 

By PETER EAVIS and MICHAEL CORKERY 12:05 PM ET

 

The bank, forced in April to suspend plans for a dividend increase, said it now had Fed approval for a 5-cent-a-share rise.

 

06bighack-web1-thumbStandard-v2.jpg

Russian Hackers Amass Over a Billion Internet Passwords

 

By NICOLE PERLROTH and DAVID GELLES

 

The hacked records, discovered by a security firm based in Milwaukee, include user name and password combinations and more than 500 million email addresses.

 

 

07italyecon-pic2-thumbStandard.jpg

Italy Falls Back Into Recession, Raising Concern for Eurozone Economy

 

By JACK EWING and GAIA PIANIGIANI 8 minutes ago

 

Economists were surprised that the country’s G.D.P. had shrunk for two quarters, prompting further questions about the effects of violence in Ukraine.

 

 

DealBook

 

dbpix-bank1-thumbStandard.jpg

British Bank Standard Chartered Faces Action, Again, by New York State

 

By JESSICA SILVER-GREENBERG and BEN PROTESS

 

The British banking giant is being scrutinized by New York’s financial regulator for failing to weed out risky transactions flowing through its American operations.

 

 

Blairjp-thumbStandard.jpg

Tony Blair Has Used His Connections to Change the World, and to Get Rich

 

By DANNY HAKIM

 

Since leaving Downing Street, Mr. Blair has become a diplomat, opened charities and made millions from consulting, raising questions about possible conflicts of interest.

 

 

 

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

Link to post
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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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Share on other sites

Argentina seeks legal case against U.S. in The Hague

 

World, 8:04pm BST

 

Portugal central bank chief sees likely IPO for swift 'new BES' sale

 

7:54pm BST

 

Portugal Telecom CEO Granadeiro steps down

 

7:49pm BST

 

Monte Paschi posts worse than expected loss as bad loan charges rise

 

7:40pm BST

 

Rio Tinto's market-beating profit boosts hopes for cash return

 

Australia 7:27pm BST

 

StanChart executive - banks treated like 'criminals' for anti-money laundering lapses | btn_rel_video.gif

 

7:19pm BST

 

ECB sticks with Verizon in wake of U.S.-German spying clash

 

6:49pm BST

 

Europe down after Russia sanctions, ECB; Wall St fades

 

FXpert 6:37pm BST

 

FTSE falls again, led by Coca-Cola HBC

 

FXpert 6:35pm BST

 

US regulators demand improved risk controls at Deutsche Bank-WSJ

 

6:33pm BST

 

China loses appeal of WTO ruling on exports of rare earths

 

Japan 6:14pm BST

 

T-Mobile CEO plans to unseat No 3 U.S. carrier Sprint this year

 

6:00pm BST

 

Bank of America may record $2 billion charge in third quarter - analyst

 

5:55pm BST

 

GM to debut next version of slow-selling Volt hybrid in January

 

5:52pm BST

 

ECB warns of Ukraine threat to economy, stands ready to act | btn_rel_video.gif

 

5:43pm BST

 

GSK close to picking RBS's Hampton as next chairman - Sky

 

5:38pm BST

 

Mitsubishi UFJ Morgan Stanley deals in pipeline up 50 pct from 2013-CEO

 

Japan 5:37pm BST

 

Facebook to acquire Internet security company PrivateCore

 

5:21pm BST

 

Aviva plans more bulk pensions deals to offset reforms

 

5:06pm BST

 

Italy's BPER swings to H1 net profit

 

4:58pm BST

 

Blackstone, KKR, TPG to settle deal collusion lawsuit - source

 

4:43pm BST

 

Engineering firm Amec cuts full-year sales growth forecast

 

4:06pm BST

 

Deutsche Telekom rejects Iliad bid, leaves door open to US sale

 

3:56pm BST

 

CEE currencies seen volatile in short term, firming over 12 months - Reuters poll

 

3:53pm BST

 

Creval to tap new ECB longer-term funds in Sept for 0.9-1.0 billion euros

 

3:42pm BST

 

ECB open to broad asset buys if inflation outlook changes -Draghi

 

3:39pm BST

 

U.S. jobless claims fall; four-week average hits 8-1/2-year low

 

3:24pm BST

 

Exclusive - VW axes McKinsey cuts blueprint as union balks: sources

 

3:13pm BST

 

Euro zone recovery uneven, rates to stay low -ECB's Draghi

 

3:03pm BST

 

Bank of England holds steady as rates debate heats up

 

UK 2:43pm BST

 

Draghi says Ukraine crisis a risk to the euro zone

 

2:27pm BST

 

Goldman Sachs says alternative trading system being investigated

 

2:12pm BST

 

Norges Bank voted against Fiat-Chrysler merger-website

 

Norway 1:05pm BST

 

EU regulators to decide on BSkyB's German, Italian deals by Sept. 11

 

12:50pm BST

 

RSA bounces back to profit, boosts reserves again

 

12:43pm BST

 

Brent steady below $105 amid global oil glut

 

12:34pm BST

 

Portuguese bank woes weigh on European equities

 

12:31pm BST

 

FCA fines Stonebridge insurance firm 8.3 million pounds

 

12:05pm BST

 

Audi outsells Mercedes as overseas demand offsets Russia

 

11:46am BST

 

Adidas spending on marketing, stores to hit margins

 

Sport 11:34am BST

 

Adidas to hike marketing spend by 1 percent of sales

 

Sport 11:34am BST

 

Irish annual inflation rate slows to 0.3 percent

 

11:22am BST

 

World food prices hit six-month low in July -FAO

 

11:18am BST

 

Cheung Kong Infra, Frasers get nod for multi-billion dollar Australia bids

 

Australia 10:57am BST

 

Deutsche Telekom wants help from regulators in U.S. spectrum auction

 

10:46am BST

 

Russia import ban may impact local food prices- FAO economist

 

10:43am BST

 

Strong pound weighs on engineering firm Amec's profit

 

10:23am BST

 

Exclusive - Japan's GPIF to boost stock allocation to over 20 percent: sources

 

Japan 9:55am BST

 

Commerzbank speeds up asset clear out, net profit doubles

 

9:47am BST

 

Deutsche Telekom CEO says has no offer which improves T-Mobile US

 

9:44am BST

 

Commerzbank Russia exposure covered by collateral, insurance - CFO

 

9:25am BST

 

Nestle announces share buyback as emerging markets pick up

 

8:05am BST

 

BofA said to be near $16 billion deal with U.S. over mortgage bonds

 

8:02am BST

 

Rio Tinto sees 'good scope' for capital return in early 2015

 

7:54am BST

 

ECB set to hold fire on rates, eyes risks from Ukraine conflict

 

7:50am BST

 

Weak German industry output adds to signs of second quarter slowdown

 

7:46am BST

 

Risk-averse China seen pushing back plans to free yuan | btn_rel_video.gif

 

5:59am BST

 

T-Mobile deal collapse could spark telecom price war | btn_rel_video.gif

 

4:50am BST

 

Insight: Samsung's next reinvention challenge - itself

 

3:14am BST

 

Bank of England seen split, but no rate hike for now

 

UK, 2:45am BST

 

U.S. judge tells New York bank to hold onto Argentine bond funds

 

2:23am BST

 

Walgreen to keep U.S. tax domicile after buying Alliance Boots | btn_rel_video.gif

 

1:48am BST

 

T-Mobile deal collapse could spark telecom price war

 

12:26am BST

 

BofA said to be near $16 billion deal with U.S. over mortgage bonds

 

12:20am BST

 

Bank of England seen split, but no rate hike for now

 

UK 12:15am BST

 

ECB set to hold fire on rates, eyes risks from Ukraine conflict

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

7 August 2014 Last updated at 18:37

 

 

Wine fraudster gets 10 years in jail_76810468_457912891.jpg

 

Rudy Kurniawan is sentenced to 10 years in jail and ordered to pay $20m for his role in selling millions of dollars worth of fake wine.

 

 

_76791829_175735428.jpgUK interest rates held again at 0.5%

 

The Bank of England holds UK interest rates at a record low of 0.5% for another month.

 

 

 

_76795172_mosfishafp.jpgRussia bans food imports from West

 

Russian PM Dmitry Medvedev announces a total embargo on food imports from Western countries in response to sanctions over Ukraine.

 

 

 

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.

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Share on other sites

Bank of America nears $16 billion record settlement with US regulators

 

The record settlement would eclipse the $9 billion imposed upon BNP Paribas

 

Calls grow for leadership change as Standard Chartered faces new fine

 

 

 

 

Nestlé profits hit by strong euro and slower growth

 

 

 

 

US buyer of Boots ruled out tax dodge over fears of public anger

 

 

 

 

Italy crashes back into shock recession as Spain recovers

 

 

 

 

Rupert Murdoch 'resolute' in withdrawal of $80 billion Time Warner bid

 

 

 

 

Logo fatigue hits Prada as sales slowdown to three-year low

 

 

 

 

UK industrial production misses market expectations

 

 

 

 

Banks’ credit ratings downgraded as state bailout guarantees recede

 

 

 

 

Services sector boom fuels fresh talk of an early interest rate rise

 

 

 

Banks need to stop blaming regulators and concentrate on repairing their reputation

 

First HSBC chairman Douglas Flint warned that regulatory reforms were exhausting staff and leaving them so “risk averse” they were frightened to much beyond selling simple deposit accounts.

 

 

James Moore: Sheriff Lawsky is back in town to take on his old enemy, Standard Chartered

 

 

 

 

Do Lloyds and HSBC banking chiefs get it yet?

 

 

 

 

Mystery of the missing search results on devolution

 

 

 

 

James Moore: Moody’s gets into the holiday spirit with downgrade

 

 

 

 

James Moore: Urban Exposure’s time to shine will soon come

 

 

 

 

James Moore: Standard Life’s conservative view wins friends south of the border

 

 

 

 

Chris Blackhurst: Mike Ashley is not to the City’s tastes but those who scorn him would do better to follow his example

 

 

 

 

David Prosser: Europe’s most generous tax incentives are on offer for a seed investment scheme - but will the Treasury spoil it?

 

 

 

 

New kids on the media block still need to add the old school ruthlessness of their predecessors

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

Ebola Therapy From an Obscure Biotech Firm Is Hurried Along

 

By ANDREW POLLACK

 

 

An experimental medicine that has been called a “secret serum” is being given to two Americans infected with Ebola.

 

 

 

 

Drug1-sfSpan.jpg

Kentucky Bioprocessing, via European Pressphoto Agency

 

A Reynolds American plant in Owensboro, Ky., makes ZMapp inside the leaves of tobacco plants, but production is very limited.

 

 

 

 

 

 

 

07chip-thumbStandard.jpg

New Computer Chip Is Designed to Work Like the Brain

 

By JOHN MARKOFF 24 minutes ago

 

The processor, named TrueNorth, was developed by researchers at I.B.M. It may eventually excel at calculations that stump today’s supercomputers.

 

WESTTEXAS-web1-thumbStandard.jpg

A Texas County Sees Opportunity in Toxic Waste

 

By MATTHEW L. WALD 1:37 PM ET

 

Officials in Loving County, population 95, hope the federal government — with $28 billion to spend on the disposal of high-level radioactive waste — will consider it as a storage site.

 

DealBook

 

dbpix-bofa1-thumbStandard.jpg

Bank of America Offers U.S. Biggest Settlement in History Over Toxic Mortgage Loans

 

By BEN PROTESS and MICHAEL CORKERY

 

After months of stiff resistance, the bank has abruptly offered to pay $16 billion. The turning point came in an unexpected ruling from a federal judge known to be hard on big banks.

 

08iran-thumbStandard.jpg

In Iran, the Jockeying Behind a Foreign Journalist’s Arrest

 

By THOMAS ERDBRINK

 

The arrest of Jason Rezaian of The Washington Post has alarmed the foreign press corps and points to a split between Iran’s president and the state institutions that hold the real power.

 

Corptaxjp1-thumbStandard.jpg

The Muddled Road to Overhauling Corporate Taxes

 

By PATRICIA COHEN

 

Most everyone agrees the corporate tax system is badly broken, but the debate over companies moving overseas shows how hard it will be to make changes.

 

 

08ncaa4-thumbStandard.jpg

N.C.A.A. Votes to Give Greater Autonomy to Richest Conferences

 

By MARC TRACY 1:04 PM ET

 

The Division I board of directors approved the first step toward an informal aristocracy that will give five powerful conferences the ability to to make their own rules on some athletic issues.

 

 

 

 

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

Germany close to recession as ECB admits recovery is weak

 

merkel_3000207g.jpg

Mario Draghi says the recovery remains “weak, fragile and uneven”, with a marked slowdown in recent weeks

Comment

Argentina files legal proceedings with UN against Obama government

 

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Argentina accuses the US of violating its sovereignty over its $1.5bn default

 

BT bid to get Sky Sports in time for Premier League kickoff foiled by judges' holidays

 

daniel-agger_2997957g.jpg

Court goes into summer recess without a decision on latest round of long-running wholesale battle

2 Comments

Why Russian sanctions against the West could hit sales of Kinder Surprise

 

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Kinder Surprise, Alpen cereal and Lay's crisps all high on Russian consumers' wish lists, suggesting that sales could be hit by country's sanctions against the West

33 Comments

 

House prices more than five times earnings

 

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Halifax data reveal that house price growth has seen average home values rise to more than five times earnings

126 Comments

 

BoE keeps rates on hold at 0.5pc for 65th month

 

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Bank of England maintains interest rates at 0.5pc, although some economists expect dissent among the nine member rate setting panel

13 Comments

GSK looking to bag RBS chairman Hampton

 

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Drug giant close to announcing that Sir Philip Hampton will succeed Sir Christopher Gent as chairman, according to reports

Comment

Drax shares plunge as it loses subsidy appeal

 

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Yorkshire power plant owner says it will not appeal decision after court finds in Government's favour

19 Comments

How smartphones and the internet are changing your life and work

 

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Here are the highlights from Ofcom's annual report on the state of Britain's communications market, showing major changes in how we behave and generational shifts

2 Comments

Hester outlines £180m in cost cuts as RSA turn-around continues

 

 

 

 

 

Russia 'biggest threat to global trade since the oil embargoes of the 1970s

 

Vladimir Putin's pointless conflict with Europe leaves it a vassal of China

 

Italy shows that the eurozone crisis is only in remission

 

ECB sits tight on QE despite plunging inflation

 

 

 

Italy shows that the eurozone crisis is only in remission

 

 

 

 

Let's not forget that business is a great force for good

 

 

 

 

Argentina attacks US for 'playing dumb' over default

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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