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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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Shipyourenemiesglitter.com founder Matthew Carpenter pleads with people to 'stop buying this horrible glitter product' and puts site up for sale

 

The site has already generated sales of over $22,000 Australian dollars since it went live

 

World Economic Forum 2015: Will the world sing along with the Davos duet?

 

 

 

 

Uber: South Carolina issues cease and desist order against taxi company over licensing

 

 

 

 

Cost of living infographic: Thinking of moving abroad? Here is a list of the cheapest and most expensive countries

 

 

 

 

Plum times for price comparison website

 

 

 

 

BP wins massive cut to its Gulf oil spill fines

 

 

 

 

Pay for 120 London bankers at Goldman Sachs rises to £2.6m

 

 

 

 

Amazon's Luxembourg tax deal broke European state aid rules

 

 

 

 

Ask.fm seeks to escape troubled past and bullying claims with new safety measures

 

 

 

 

Towergate insurance broker considers £1 takeover bid from bondholders

 

 

 

Jamie Dimon becomes Whinger of Wall Street

 

Global Outlook

 

Americans will show them a clean pair of heels on the slopes of Davos

 

 

 

 

Game's private-equity owners have played too fast and loose with cost-cutting

 

 

 

 

Currency cap: The doves will be smiling in Frankfurt

 

 

 

 

Mark Leftly: The High Speed 2 rail link still carries too much baggage

 

 

 

 

Mark Leftly: Jeremy Thorpe tale offers lesson for MPs seeking board seats

 

 

 

 

Mark Leftly: Sheffield is paying for a bad decision. Nick Clegg could pay the price too

 

 

 

 

Jim Armitage: It's not just charity that begins at home...

 

 

 

 

Jim Armitage: Game turns into a loser for Neil Woodford

 

 

 

 

Jim Armitage: When copper-bottomed shares turn into little more than basket cases

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

18 January 2015 Last updated at 17:17

 

 

Miliband accuses PM over pay plea_80335416_80335215.jpg

 

Labour leader Ed Miliband says people will be "choking on their cornflakes" at the PM's call for firms benefitting from cheaper oil to give pay rises.

 

 

_80343252_beer_spl.jpgBeer giant payment terms criticised

 

A major beer company has been accused of demanding onerous payment terms from its smaller UK suppliers.

 

 

 

_80346601_80345783.jpgRussian tourists spend 28% less in UK

 

The UK's hotels and shops saw spending by Russians fall 28% last year largely thanks to the plunge in the rouble.

 

 

 

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

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

Lower Oil Prices Provide Benefits to U.S. Workers

 

By DIANE CARDWELL and NELSON D. SCHWARTZ

 

 

Wall Street may be growing anxious about the negative impact of falling oil prices on energy producers, but the steep declines of recent weeks are delivering substantial benefits to American working-class families.

 

 

 

 

18oil-jp-02-sfSpan.jpg

Tristan Spinski for The New York Times

 

April Smith of Lewiston, Me., says the decline in oil prices means meatloaf on the table instead of hot dogs and ramen noodles.

 

 

 

 

 

 

 

18-SAMSO-1-thumbStandard.jpg

Green-Energy Inspiration Off the Coast of Denmark

 

By DIANE CARDWELL

 

Residents of islands off Maine’s coast seek to draw on the experiences of the Danish island Samso in an effort to explore alternative sources of light and heat.

 

Strategies

 

18-STRA-thumbStandard.jpg

Decoding the Paradox of Rising Cable Stocks

 

By JEFF SOMMER

 

Why, despite President Obama’s moves toward greater regulation of Internet providers, cable companies’ share prices have continued to go up.

 

18gilbert10-thumbStandard-v2.jpg

The Price of Privilege

 

By LANDON THOMAS Jr.

 

When a son is charged with murdering his father, a New York hedge fund manager, shock ripples through their rarefied world of private clubs and opulent homes in Manhattan and the Hamptons.

 

Applied Science

 

18-APPLIED-thumbStandard.jpg

In Charge, and Sounding the Part

 

By MATT RICHTEL

 

The more powerful you are, the more your voice reflects it, research suggests.

 

Inside Wealth

 

INSIDEWEALTH-slide-EA7X-thumbStandard.jpg

An Opulent Bet on Housing

 

By ROBERT FRANK

 

Jeff Greene’s Beverly Hills estate, listed at $195 million, is believed to be the most expensive public listing in the country.

 

 

 

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

Exter’s Pyramid “In Play” (And Is Martin Armstrong Right?)

 

The ECB Will Fail Given The "History Lessons Of US And Japan", Warns Deutsche Bank

 

 

"De-Dollarization" Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries

 

Draghi's Looming "Anti-Integration" QE: It's The Structure (Not Size) That Matters

 

Quote Of The Day: "Venezuela Must Deepen Socialism To Improve Economy" - Maduro

 

The State Of The Union: What We Know So Far

 

 

 

 

 

Central Banks Upside Down

 

"Russian Invasion Survival Manual" To Be Issued To Citizens In European Union

 

 

 

Is The BoJ The Next SNB?

 

'Pin' Meet 'Housing Bubble 2.0'

 

 

 

 

 

http://globaleconomicanalysis.blogspot.com/2015/01/it-only-takes-one-hedge-fund-manager.html

 

 

 

Quote

 

Morals of the Story

 

 

  1. Don't borrow money in other currencies, especially long-term mortgages.

  2. Don't expect currency interventions to work forever.

  3. Don't believe statements made by central bankers. They are not the economic wizards they are made out to be, and they often lie when it suits their purpose.

  4. It only takes one wrong macro bet with leverage to make a fortune or wipe you out.

  5. When you are speculating with other people's money, especially when you take in a 20% performance fee, there is a huge incentive to make leveraged bets.

 

 

 

http://globaleconomicanalysis.blogspot.com/2015/01/quote-of-day-currencies-dont-move-that.html

 

 

Quote

 

Thank Central Banks

 

The funniest story to date is without a doubt FXCM, but also consider
It Only Takes One: Hedge Fund Manager Who Survived Five Debt Crises Wiped Out Overnight on Swiss Franc
.

 

And this is what it has come to:
Central banks have so suppressed volatility, that hedge funds need to leverage to get suitable returns to justify their 20% fee on profits.

 

And so they do. And this is the result. Hmmm. I sense another moral to the story here.

 

Still I'm sure he won't be disappointed after all extracting your 20% yearly fee will have proved very profitable even if you did lose all the money on a FX bet.

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

Merkel downplays impact of ECB bond move, ally warns against it

 

8:19pm GMT

 

Merkel - ECB action no substitute for economic reform

 

8:19pm GMT

 

Oil slips $1 on China economy worries, record Iraq output

 

Iraq, Middle East, FXpert 8:11pm GMT

 

Turkish ministers urge central bank to cut interest rates - Arinc

 

7:53pm GMT

 

Europe holds on to ECB hope, shrugs off China slump | btn_rel_video.gif

 

FXpert 7:21pm GMT

 

Boss of UK hedge fund Weavering convicted in fraud case

 

6:42pm GMT

 

Administrators say some interest in Alpari from potential buyers

 

6:23pm GMT

 

Resurgent retailers help FTSE to extend winning run | btn_rel_video.gif

 

FXpert 6:19pm GMT

 

IMF's Lagarde hopes 'erratic' Swiss situation stabilises shortly

 

IMF 5:57pm GMT

 

Oil's plunge to siphon Gulf petrodollars from global markets

 

FXpert 5:41pm GMT

 

Egypt does not see oil price drop hitting investments from Gulf

 

FXpert, Middle East 5:41pm GMT

 

Three days out, Bundesbank striving to put limits on ECB money-printing | btn_rel_video.gif

 

FXpert 5:37pm GMT

 

Nothing decided yet on QE, says ECB's Coeure

 

FXpert 5:37pm GMT

 

Watered-down ECB QE would be ineffective - Irish finance minister

 

FXpert 5:35pm GMT

 

Alpari's Dashin ploughs on with broker FXTM after franc rout

 

5:25pm GMT

 

Low inflation expectations merit monetary policy reaction - ECB's Coeure

 

FXpert 4:52pm GMT

 

BAE Systems wins $120 million U.S. Navy Aegis support contract

 

4:48pm GMT

 

Iran sees no OPEC shift toward a cut, says oil industry could withstand $25 crude

 

FXpert, Middle East 4:36pm GMT

 

Reuters poll - ECB to announce 600 billion euro QE programme on Thursday: traders | btn_rel_video.gif

 

4:04pm GMT

 

Allied Irish Banks CEO leaving to run NAB's UK business

 

Australia 3:53pm GMT

 

MP wants senior bankers vetted under new rules

 

UK 3:49pm GMT

 

Lufthansa, cabin crew seek mediation in labour dispute

 

Aerospace & Defence 3:49pm GMT

 

Irish central bank does not expect big changes to tougher mortgage proposals

 

3:46pm GMT

 

Aviva says may cut 1,500 jobs on Friends Life takeover

 

UK, 3:13pm GMT

 

Serious Fraud Office ends investigation into HP-Autonomy deal

 

Tech 3:09pm GMT

 

ECB's Honohan says obvious to all that inflation low

 

2:48pm GMT

 

Oi-Portugal Telecom merger seen set to hold

 

2:38pm GMT

 

HP says 'committed' to holding Autonomy's former management accountable

 

Tech 2:19pm GMT

 

Irish Finance Minister says AIB CEO resignation won't hit share sale

 

2:11pm GMT

 

UAE oil minister says low oil prices won't last for long

 

FXpert 2:09pm GMT

 

IMF's Lagarde urges ECB to share risks in any bond-buying

 

IMF 2:02pm GMT

 

Irish central bank chief says he doubted bailout success in 2010

 

1:50pm GMT

 

Elder statesman of Sweden's Wallenberg dynasty dies

 

1:03pm GMT

 

Ex-Swiss banker found guilty in WikiLeaks trial, avoids jail

 

12:51pm GMT

 

ECB debt buy decision this week can help Europe economy - Hollande

 

12:31pm GMT

 

Derivatives watchdogs expected to agree swaps rules reprieve

 

12:31pm GMT

 

Italy to exit recession in first quarter, growth seen weak - central bank

 

12:21pm GMT

 

China considers easing controls on foreign investment

 

FXpert 12:08pm GMT

 

BoE says badly run banks face hefty capital surcharge

 

11:51am GMT

 

Germans perceive deflation for first time since 2009, study says

 

11:34am GMT

 

Bundesbank says will cut inflation forecast due to low oil price

 

11:34am GMT

 

EU health chief says no clear majority yet for U.S. trade deal

 

10:46am GMT

 

'Abenomics' architect says no need for more BOJ easing

 

Japan 9:57am GMT

 

IMF's Lagarde warns of consequences to Greek debt restructuring

 

IMF 9:45am GMT

 

Carrefour doesn't rule out IPO for Chinese unit

 

9:39am GMT

 

China stocks suffer biggest one-day tumble since 2008, banks hammered

 

9:33am GMT

 

SocGen taps ex ECB central banker for chairman

 

9:18am GMT

 

Renault posts 3.2 percent rise in 2014 vehicle sales

 

9:04am GMT

 

Any new Greek government will have to continue reforms - EU’s Juncker

 

8:56am GMT

 

Infrastructure firm John Laing plans London listing

 

8:46am GMT

 

China 2015 growth to slip further on weak lending; RRR and rate cuts likely

 

8:33am GMT

 

Broker Alpari says exploring all options including sale after Swiss shock

 

8:24am GMT

 

Nowotny says ECB has limited options for more action -paper

 

8:22am GMT

 

Uber partners with Korean taxi company to comply with local rules

 

8:08am GMT

 

China's push into services risks long-term growth stagnation

 

7:59am GMT

 

Rangers considering using Ibrox as security against new loan

 

Sport 7:52am GMT

 

Britain's financial sector reports fastest growth since 1996 in fourth quarter - CBI

 

7:49am GMT

 

Schaeuble says no need to worry about stability of the euro zone

 

7:38am GMT

 

China stocks suffer biggest one-day tumble since June 2008

 

7:30am GMT

 

Davos predictions: win some, lose some

 

7:25am GMT

 

Balfour Beatty wins 1.5 billion pounds worth of new contracts

 

7:23am GMT

 

Japan December consumer mood improves, government upgrades view

 

Japan 5:40am GMT

 

Hong Kong's embattled leader falls short on housing promises

 

3:11am GMT

 

China's Xiaomi to buy stake in software firm Kingsoft from Tencent

 

Tech, 1:21am GMT

 

Sharp set to fall back into the red - Nikkei; shares tumble

 

Japan, Tech 1:03am GMT

 

Australia's Macquarie sees profit rising by up to 20 percent in FY15

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

Can Mario Draghi Afford to Wait Eight Years to Get EU Economy Back on Track?

 

Denmark Announces Surprise Interest Rate Cut

 

Euro Climbs on ECB Skepticism as SNB Fallout Dents Dollar, Franc

 

19 January 2015 Last updated at 20:05

 

 

Tesco 'eroded customers' trust'_80374204_80369541.jpg

 

Tesco allowed the trust of its millions of customers to be "eroded," ex-boss Sir Terry Leahy tells BBC Panorama in his first detailed comments on the crisis at the retailer.

 

 

_80359658_000163307-2.jpgSaudis 'can cope' with low oil price

 

Saudi Arabia can cope with low oil prices for "at least eight years", Saudi Arabia's petroleum minister's former senior adviser has told the BBC.

 

 

 

_80373145_460992804.jpgBirmingham City FC owner fears fraud

 

The Hong Kong-based company that owns Birmingham City football club fears an ex-employee may have "misappropriated" £2.5m.

 

 

 

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

In Year 2 of Affordable Care Act, Premiums Diverge Widely

 

By REED ABELSON and AGUSTIN ARMENDARIZ

 

 

In Colorado, for example, statewide average premiums are nearly unchanged. But that masks sharp rises in some regions and steep drops in others.

 

 

 

20rates-web2-sfSpan.jpg

Matthew Staver for The New York Times

 

Insurance brokers helping Colorado residents at a Connect for Health Colorado walk-in enrollment site last November.

 

 

 

 

 

 

 

20150120-OILPATCH-hp-slide-1R3O-thumbStandard.jpg

In Texas, Hunkering Down for the Oil Bust

 

By CLIFFORD KRAUSS 11:46 AM ET

 

Many residents of Midland, a community dependent on oil drilling, already have their backup plans in place as work starts to dry up.

 

Amazon to Start Theatrical Movie Operation, With a Quick Streaming Tie-In

 

By EMILY STEEL 1:08 PM ET

 

The online retailing giant signaled its broader ambitions to revolutionize the traditional system used to shepherd movies from the theaters to home screens.

 

lendjump1-thumbStandard.jpg

Banking Start-Ups Adopt New Tools for Lending

 

By STEVE LOHR

 

New software is expected to sharpen assessments of creditworthiness, but even proponents acknowledge the potential for inadvertent discrimination.

 

 

DealBook

 

chinastocks20-1421672629564-thumbStandard.png

To Calm Its Markets, China Helps Guide a Sell-Off

 

By NEIL GOUGH 10:34 AM ET

 

Stocks plunged 7.7 percent, the largest one-day decline since 2008, after regulators cracked down on margin financing to invest in shares.

 

19Microsoft-thumbStandard-v4.jpg

Microsoft Looks to Windows 10 for a Jolt in the Mobile Realm

 

By NICK WINGFIELD

 

Windows 10 is the biggest effort yet by Satya Nadella, Microsoft’s new chief, who has been able to lift the company’s stock to a nearly 15-year high.

 

pharmajump3-thumbStandard.jpg

Riding High, Biotech Firms Remain Wary

 

By ANDREW POLLACK

 

Soaring stock prices and major advances in fighting diseases have some saying the industry has turned a corner and others watching for a bursting bubble.

 

JP-CIBER-1-thumbStandard.jpg

N.S.A. Breached North Korean Networks Before Sony Attack, Officials Say

 

By DAVID E. SANGER and MARTIN FACKLER

 

Evidence gathered by software hidden by the N.S.A. to monitor North Korean activities proved critical in persuading President Obama to accuse the government of ordering the cyberattack on Sony, officials said.

 

 

19INSURANCEsplit-thumbStandard-v2.jpg

Insurance via Internet Is Squeezing Agents

 

By CONOR DOUGHERTY 12:23 PM ET

 

Technology start-ups with websites that sell many types of insurance and promise savings with comparison shopping are putting pressure on insurance agents, who collect commissions.

 

 

 

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

Hollande backtracks on statement that ECB QE will begin Thursday

 

FRANCOIS_2565225d.jpg

French President Francois Hollande has told business leaders that the eurozone's monetary authorities will announce a QE package this Thursday

248 Comments

Former Tesco chief Terry Leahy slams successor for 'failure of leadership'

 

leahy_2050007g.jpg

Former chief executive of Tesco criticises decline of retailer

1 Comment

Weavering chief executive convicted six years after hedge fund collapse

 

sfo_1860844g.jpg

Magnus Peterson has been found guilty of eight counts but cleared of a further eight

 

Aviva to cut 1,500 jobs in Friend's Life £5.6bn takeover

 

aviva_2199766g.jpg

Insurance tie-up will lead to 1,500 job losses, Aviva reveals in message to shareholders

1 Comment

Mortgage price war puts building societies under threat

 

houses_2441241d.jpg

Leading survey of financial institutions shows business volumes falling among mutuals as prices cut to record low

12 Comments

SFO shuts down fraud investigation of Autonomy founder Mike Lynch

 

lynch_2014500g.jpg

US probe of HP's allegations of accounting impropriety continues as British authorities hand over jurisdiction

 

UK to 'quadruple' investment in China within five years

 

dragon_2453844g.jpg

UK investors are set to go on an investment bonanza in China, contributing £26bn to its economy by 2020

25 Comments

 

Ukip donor launches cut-price takeover of one of Britain's oldest department chains

 

shopping-personal-_2545701g.jpg

Andrew Perloff launches takeover bid of 134-year-old Beales after reacting angrily to being ousted from board last year

6 Comments

Rangers faces investor coup as it considers mortgaging Ibrox

 

rangers_3157811g.jpg

Shareholder Oasis seeks to remove directors of troubled Rangers as club says it is in talks about using Ibrox stadium as asset to win funding

15 Comments

Clydesdale hires AIB boss as its new chief executive ahead of sale

 

clydesdale_3066765g.jpg

David Duffy turned around Allied Irish Banks after its bailout

 

Billions printed in Frankfurt will wash across the Channel

 

How a Syriza government would approach the eurozone

 

A QE fudge by the ECB would inevitably and deservedly fail

 

Danish central bank cuts rates in preparation for eurozone QE

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

Fraud probe into Autonomy accounts ditched after two years

 

Autonomy’s management, including Mr Lynch, have always denied the claims.

 

Squeeze on suppliers blamed on excess debt

 

 

 

 

Google could invest in SpaceX to help take internet into space

 

 

 

 

Club Nintendo: flagship rewards programme is closed as company plans Wii U revamp

 

 

 

 

Eversholt Rail bought for £2.5bn by billionaire Li Ka-Shing

 

 

 

 

IMF delivers warning on health of global economy as China sees growth slowdown

 

 

 

 

Alphonso mangoes: EU lifts ban on Indian mango imports

 

 

 

 

Scottish Power to reduce household gas prices by 4.8%

 

 

 

 

Facebook was worth £150 billion to global economy and created millions of jobs, says report

 

 

 

 

Windows 10: Microsoft prepares to show off its new operating system

 

 

 

Tighter regulation hasn’t strangled the City after all

 

Outlook: Austerity is cutting into key services and having a lasting impact on the quality of life in many areas

 

The Oxfam challenge for the Davos brigade

 

 

 

 

Tesco juggernaut is still in the slow lane

 

 

 

 

Jamie Dimon becomes Whinger of Wall Street

 

 

 

 

Americans will show them a clean pair of heels on the slopes of Davos

 

 

 

 

Game's private-equity owners have played too fast and loose with cost-cutting

 

 

 

 

Currency cap: The doves will be smiling in Frankfurt

 

 

 

 

Mark Leftly: The High Speed 2 rail link still carries too much baggage

 

 

 

 

Mark Leftly: Jeremy Thorpe tale offers lesson for MPs seeking board seats

 

 

 

 

Mark Leftly: Sheffield is paying for a bad decision. Nick Clegg could pay the price too

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

Talisman Sinopec Energy UK to cut 300 jobs

 

7:57pm GMT

 

Ireland to weigh IAG bid for Aer Lingus with 'great caution'

 

Aerospace & Defence 7:55pm GMT

 

Accor estimates profits last year better than aimed for

 

6:53pm GMT

 

BP asks for lower fine in penalty phase of Gulf spill trial

 

6:52pm GMT

 

UK funds group Arch, top execs lose appeal against fines, bans

 

6:25pm GMT

 

Morgan Stanley to pay smaller proportion of revenue in bonuses | btn_rel_video.gif

 

6:23pm GMT

 

Morgan Stanley says wealth business to hit profitability target

 

6:23pm GMT

 

Stocks up, dollar ahead 1 percent vs yen, as China's economy slows | btn_rel_video.gif

 

FXpert, Japan 6:20pm GMT

 

U.S. is bright spot for Davos CEOs in troubled global economy | btn_rel_video.gif

 

6:10pm GMT

 

FCA says Alpari customer money is ring-fenced | btn_rel_video.gif

 

UK, 6:08pm GMT

 

Founder Mike Ashley cuts stake in Sports Direct

 

UK, 6:04pm GMT

 

Oil falls again as IMF cuts forecast; Iran hints at $25 oil

 

FXpert, IMF, Middle East 5:59pm GMT

 

Air fares unlikely to fall alongside oil prices, experts say

 

Aerospace & Defence, FXpert 5:59pm GMT

 

UniCredit not eyeing acquisitions after cooperative bank move

 

5:52pm GMT

 

Stocks gain on China's growth; Unilever keeps confidence in check

 

FXpert 5:26pm GMT

 

Exclusive - RWE mulls shipping power plants abroad as crisis drags on

 

4:58pm GMT

 

More oversight of some market trading may be needed - Fed's Powell

 

4:56pm GMT

 

Fed looking at ways for longer pay deferrals at banks - Powell

 

4:56pm GMT

 

Unilever sees no improvement after weak 2014 | btn_rel_video.gif

 

4:14pm GMT

 

Europe on brink of deflating, needs stimulus - Larry Summers

 

4:13pm GMT

 

Hong Kong's Li Ka-shing buys UK train company Eversholt

 

Aerospace & Defence, UK 4:09pm GMT

 

EU regulators to rule on GE, Alstom power deal by February 23

 

3:40pm GMT

 

IMF cuts global growth outlook, calls for accommodative policy | btn_rel_video.gif

 

IMF 3:35pm GMT

 

Cartier to raise prices in euro zone after Swiss franc soars

 

2:56pm GMT

 

Swiss shoppers bombarded by discount offers after currency shock

 

2:51pm GMT

 

Small oil firms hunt for cash as crude slump shuts IPO door

 

FXpert 2:43pm GMT

 

BoE's Cunliffe cautiously welcomes EU capital markets plan

 

2:41pm GMT

 

German negotiated wages rise by largest amount in three years in 2014

 

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Stronger dollar hurts J&J's quarterly sales

 

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Airbus to reveal new delivery dates for A400M airlifter

 

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Morgan Stanley's new pay ratio offers 'operating leverage' - CFO

 

1:34pm GMT

 

FCA fines Reckitt Benckiser for executive trading disclosure failures

 

1:10pm GMT

 

China's 2014 economic growth misses target, hits 24-year low | btn_rel_video.gif

 

12:40pm GMT

 

Yuan accounts for a quarter China's payments in 2014 - data

 

12:40pm GMT

 

SAP sees lower margins for years to come as cloud transition bites

 

Tech, 12:39pm GMT

 

Deep splits among EU lawmakers over shareholder rights reforms

 

12:35pm GMT

 

Credit Suisse says profit sensitive to forex moves but gives no figures

 

11:51am GMT

 

Strong franc to affect Swiss banks' profitability - Julius Baer CEO

 

FXpert 11:46am GMT

 

Demand for home loans jumps in euro zone

 

11:10am GMT

 

China 2014 crude oil throughput up 5.3 percent year-on-year - stats bureau

 

FXpert 11:06am GMT

 

China implied oil demand up three percent in 2014

 

FXpert 11:06am GMT

 

Schlumberger to acquire stake in Russia's Eurasia Drilling for $1.7 billion

 

FXpert, 11:06am GMT

 

Germany's Schaeuble sees continued role for troika in EU bailouts

 

IMF 10:59am GMT

 

Swiss franc move won't have lasting impact on euro - Schaeuble

 

10:59am GMT

 

Investors to get taste of new China via Shenzhen trading link

 

10:44am GMT

 

UBS WM cuts Swiss equity position after franc surge

 

FXpert 10:41am GMT

 

Dairy Crest loses a third of Morrisons milk contract

 

10:38am GMT

 

Germany must accept ECB actions, respect its independence - Schaeuble

 

10:34am GMT

 

Hungary's bad asset manager to be launched soon - cbanker

 

10:13am GMT

 

BAE Systems wins 112 million pound Typhoon services contract extension

 

10:07am GMT

 

Investment vehicle eyes flagship Sahara hotels in $2 billion bailout for founder Roy

 

9:56am GMT

 

EBRD says Grexit unlikely, would undermine stable euro model

 

9:55am GMT

 

Chinese regulator sets up department to supervise trust firms

 

9:54am GMT

 

Itochu, CP Group to invest $10 billion in China's Citic

 

Japan 9:45am GMT

 

London's Gatehouse structures CMBS-like Islamic securitisation

 

9:41am GMT

 

In Greece, new crisis stunts green shoots of hope

 

World, 9:34am GMT

 

Russian central banker sees no need for capital controls

 

9:30am GMT

 

IG Group confirms 30 million pound hit from franc gyrations

 

Tech 9:11am GMT

 

Year of disasters sinks trust in business and governments

 

9:02am GMT

 

FCA says consumers need help to switch cash accounts

 

UK 8:48am GMT

 

Balfour Beatty names new finance chief in turnaround drive

 

8:43am GMT

 

Administrators say some interest in Alpari from potential buyers

 

8:42am GMT

 

China raises wages for govt workers at least 31 percent - document

 

8:33am GMT

 

Deutsche Telekom names new execs at T-Systems

 

8:28am GMT

 

Japan core inflation to slow, may prompt more BOJ stimulus; wages seen up - Reuters poll

 

Japan 8:16am GMT

 

Dragon Oil to reduce capital expenditure this year

 

Middle East 8:00am GMT

 

IMF welcomes slower growth as China rebalances economy

 

IMF 7:50am GMT

 

China's 2014 steel output grows at slowest rate since 1981

 

7:48am GMT

 

Lack of confidence in euro zone has been overcome-Schaeuble

 

7:06am GMT

 

Twitter buys Indian mobile marketing start-up ZipDial

 

Tech, 6:05am GMT

 

Year of the Goat - Luxury brands flock to China's jet-set spenders

 

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Chinese stocks rebound after regulator comment, GDP

 

4:36am GMT

 

China developers seek alternative finance as offshore market dries up

 

4:10am GMT

 

France's Total to maintain dividend - Morgan Stanley

 

3:54am GMT

 

China property investment growth hits five-year low in 2014, curbs GDP

 

3:45am GMT

 

China fourth-quarter GDP growth 7.3 percent, slightly above forecast, but further cooling seen

 

3:45am GMT

 

China says housing market showing some positive signs

 

3:40am GMT

 

China's CITIC Securities denies media allegations of insider trading

 

3:31am GMT

 

Japan's Amari - want to hear BOJ's view on impact of falling oil prices

 

Japan 3:16am GMT

 

Japan Finance Minister - cheap oil may hurt inflation goal but positive for economy

 

Japan 3:16am GMT

 

China's survey-based jobless rate at 5.1 percent in 2014

 

3:13am GMT

 

Samsung Electronics ponders stock split to appease investors - Executive

 

Tech 2:49am GMT

 

Brazil seeks additional $7.7 billion with first round of tax hikes

 

2:12am GMT

 

More quantitative easing won't help world economy, says ex-BoE governor King

 

UK, 1:57am GMT

 

China 2014 retail sales rose around 12 percent - commerce ministry

 

1:17am GMT

 

Japan's Daicel to lift inflator output after Takata recalls

 

Japan 1:05am GMT

 

William Hill operating profit up 11 percent in 2014 despite poor fourth quarter

 

12:34am GMT

 

UK car insurance prices edged up in fourth quarter - AA

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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20 January 2015 Last updated at 20:14

 

 

Morgan Stanley sees profit rise_80387411_morganstan.logo.afp.jpg

 

US banking giant Morgan Stanley sees quarterly net income rise as legal fees relating to mortgage-backed securities ease.

 

 

_80404734_80404226.jpgBosses ‘less optimistic’ on economy New

 

Chief executives are less optimistic about the economy this year than last, a survey unveiled at the World Economic Forum by PwC suggests.

 

 

 

_80382101_v8weqdpi.jpgSavers getting raw deal, says FCA

 

Millions of savers are getting a raw deal, particularly from the big High Street banks, the Financial Conduct Authority (FCA) concludes.

 

 

 

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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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.

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Share on other sites

Better but Still Troubled: Our Take on the State of the Union

 

By THE UPSHOT STAFF 2:03 PM ET

 

Job growth is up, and the deficit is down. But incomes are not doing so well, and neither is the climate.

 

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Carolyn Kaster/Associated Press

 

President Obama toured Techmer PM, a plastic fabrication company, on Jan. 9 in Clinton, Tenn. He spoke about the administration's efforts to create good-paying manufacturing jobs.

 

 

 

 

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China’s Economy Expands at Slowest Rate in Quarter-Century

 

By ALEXANDRA STEVENSON

 

The country’s gross domestic product grew by 7.4 percent in 2014, adding to fears of a broader economic slowdown.

 

 

 

20150120-OILPATCH-hp-slide-1R3O-thumbStandard.jpg

On to Plan B as Oil Work Stalls in Texas

 

By CLIFFORD KRAUSS

 

Many residents of Midland, a community dependent on oil drilling, already have their backup plans in place as work starts to dry up.

 

DealBook

 

dbpix-morgan-stanley1-thumbStandard.jpg

Morgan Stanley’s Quarterly Profit Rises, but Disappoints

 

By NATHANIEL POPPER 1:16 PM ET

 

Legal expenses declined in the fourth quarter of 2014, but the Wall Street bank struggled with difficult trading conditions.

 

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In Colorado, Disparity in Health Plan Prices Underscores Ambitions, and Limits, of Affordable Care Act

 

By REED ABELSON and AGUSTIN ARMENDARIZ

 

At first glance, Colorado seems to be one of the federal law’s clearest success stories. But zoom in closer, and it is clear that a kind of pricing pandemonium is underway.

 

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Shifting Politics of Net Neutrality Debate Ahead of F.C.C. Vote

 

By JONATHAN WEISMAN 41 minutes ago

 

A simple fight over big government versus small has put Republicans in the awkward position of defending cable giants, one of the nation’s most maligned industries.

 

MEAT-thumbStandard-v3.jpg

U.S. Research Lab Lets Livestock Suffer in Quest for Profit

 

By MICHAEL MOSS 12:34 PM ET

 

In the past 50 years, meat has gotten less fatty and easier to chew — thanks in part to the U.S. Meat Animal Research Center. But the achievement has come at a steep cost to the lab’s animals.

 

 

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Greece’s Tourism Industry Unsettled by Talk in Election Campaign

 

By DANNY HAKIM and AGGELOS PETROPOULOS 9:44 AM ET

 

Hoteliers and others are worried by proposals that include a possible increase in the value-added tax and a plan to curb all-inclusive resort deals.

 

 

 

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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QE warfare pushing world financial system out of control

 

eurofire_3171195d.jpg

Former BIS chief economist warns that QE in Europe is doomed to failure and may draw the region into deeper difficulties

40 Comments

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UK hit by more oil job cuts as Talisman lays off staff

 

Sinopec-Talisman is the latest North Sea oil company to respond to falling prices

2 Comments

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IMF downgrades global growth as fears about Europe and Russia overshadow oil windfall

 

Weaker growth in the eurozone, China and a contraction in Russia will drag on global growth, despite "shot in the arm" from falling oil prices

126 Comments

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Mike Ashley to cut stake in Sports Direct

 

Sports Direct owner Mike Ashley to sell 15.4m ordinary shares, worth £117m

Comment

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Bank of England backs Jean-Claude Juncker's financial reform plan

 

Sir Jon Cunliffe says benefits of capital markets union could be 'very large indeed'

1 Comment

Hong Kong investor buys up a third of UK's trains

 

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Train owner Eversholt has been sold by 3i, Morgan Stanley and Star Capital to Hong Kong billionaire Li Ka-shing in £2.5bn deal

11 Comments

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Unilever has 'good relations' with Tesco despite accounting scandal

 

Unilever boss Paul Polman gives backing to new Tesco chief Dave Lewis and says company has no problem with retailer, one of its biggest customers

1 Comment

 

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Amazon says Sunday deliveries have quadrupled

 

Huge surge in Sunday deliveries as online shopping revolution accelerates

16 Comments

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TV industry pours cold water on £100m bid to save BBC Three

 

Commercial rivals have described the takeover offer to the BBC Trust by comedy specialists Avalon and Hat Trick as "wacky"

1 Comment

Sky in talks for O2 tie-up

 

sky_1813071d.jpg

Telefonica is battling Vodafone in its attempt to strike a seeking commercial partnership with O2, amid merger talks with Hutchison Whampoa

QE is not the long-term cure required for the ailing euro

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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