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The great interest rate rip off part 8


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Another Voice: Health Spending Control

Reprinted with permission, verbatim:

By JOEL W. HAY

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

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

Deficit worsens despite George Osborne's boast

 

22 December 2012 12:00 AM

Public-sector borrowing rose in November continuing a trend of deterioration

 

 

BAE Systems is boosted by £2.5bn aircraft deal with Oman

 

21 December 2012 11:14 PM

BAE Systems, the aerospace giant, received a much-needed boost yesterday after agreeing a £2.5bn contract with Oman for Typhoon and Hawk military aircraft that will safeguard 6,000 jobs.

 

 

 

Aviva joins US retreat with £1bn AmerUs sell-off

 

21 December 2012 11:14 PM

Aviva has offloaded its troublesome US business for £1.1bn in a deal that marks the latest UK retreat from the world's largest economy.

 

 

 

BT is told to repay £95m to rivals

 

21 December 2012 11:14 PM

BT was yesterday hit with a £95m bill by Ofcom for overcharging rival telecoms firms for access to its network.

 

 

 

Problems in Europe cut value of ArcelorMittal by £2.6bn

 

21 December 2012 11:14 PM

The world's biggest steelmaker, ArcelorMittal, is slashing the value of its European business by about $4.3bn (£2.6bn) after the eurozone's economic woes hit demand.

 

 

 

UK's lift from London doubles in size

 

21 December 2012 11:14 PM

London's contribution to the nation's coffers has doubled over the last financial year, helped by a rise in City jobs.

 

 

 

Fifth charge in insider trading inquiry

 

21 December 2012 11:14 PM

The City regulator has charged a fifth person for insider dealing in a case involving alleged front-running, when a trader takes a position to capitalise on advance knowledge.

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

22 December 2012 Last updated at 11:51

 

 

Republicans: Still hope on cliff deal_64907083_64907077.jpg

 

Republicans will keep working to avoid the so-called "fiscal cliff" of tax rises and spending cuts, House Speaker John Boehner has said.

 

 

_64885156_banks.jpgCall for tougher banking reforms

 

Plans to protect taxpayers from losses by separating banks' riskier investment arms from their High Street operations "fall well short", a parliamentary commission warns. 979

 

 

 

_64901889_63782946.jpgSteve Jobs' super-yacht impounded

 

Steve Jobs' £85m high-tech yacht Venus is impounded at the Port of Amsterdam after designer Philippe Starck claims he is still owed money.

 

 

 

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

Debt Ceiling Rises Again as Threat for the U.S.

 

By MARY WILLIAMS WALSH

 

 

Financial markets and credit rating agencies are closely watching both the talks on the fiscal impasse and the raising of the debt ceiling.

 

 

 

JP-MARKET-sfSpan.jpg

Richard Drew/Associated Press

 

A trader on the floor of the New York Stock Exchange on Friday, watching as stocks declined. The Dow Jones industrial average ended the day down 120.88 points, at 13,190.84.

 

 

 

 

 

 

subINSTAGRAM-thumbStandard.jpg

Instagram Reversal Doesn’t Appease Everyone

 

By DAVID STREITFELD and NICOLE PERLROTH

 

Even as the social network furiously backpedaled on its proposal to change its privacy terms, some users said they were carrying through on plans to leave.

 

22tablet2-thumbStandard-v3.jpg

Retailers Try to Adapt to Device-Hopping Shoppers

 

By CLAIRE CAIN MILLER and STEPHANIE CLIFFORD

 

Online merchants are trying to figure out how to tie together the several methods a customer may use on the way to buying something.

 

JP-SALMON-thumbStandard.jpg

Engineered Fish Moves a Step Closer to Approval

 

By ANDREW POLLACK

 

The Food and Drug Administration concluded that a genetically engineered salmon would have “no significant impact” on the environment.

 

DealBook

 

dbpix-insider1-thumbStandard-v2.jpg

Former SAC Trader Is Indicted

 

By PETER LATTMAN

 

Mathew Martoma was indicted on securities fraud and conspiracy charges in a case that federal prosecutors have called the most lucrative insider trading scheme ever uncovered.

 

22index1_span-thumbStandard.jpg

If You’re Trying to Stretch a Budget, Forgo the Fowl

 

By ELIZABETH OLSON

 

The prices of the six geese, seven swans and other winged creatures named in “The 12 Days of Christmas” rose in 2012 because the country’s drought increased the cost of bird feed.

 

GUNSALES-thumbStandard-v2.jpg

Shop Owners Report Rise in Firearm Sales as Buyers Fear Possible New Laws

 

By STEPHANIE CLIFFORD

 

With gun-control legislation getting more serious discussion after the mass shooting in Connecticut, some dealers report they’ve run out of some models as consumers stock up on weapons and ammunition.

 

 

U.S. Judge Approves Settlement in BP Class Action Suit

 

By REUTERS

 

A judge on Friday gave final approval to BP’s settlement with individuals and businesses who lost money and property in the 2010 Gulf of Mexico oil spill.

 

 

 

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

[/url]

 

ITV expands in US with stake in Duck Dynasty maker Gurney

 

ITV buys majority stake in US reality TV producer Gurney for £24.7m as part of strategy to increase size of studio business.

2 Comments

Everything you wanted to know about Duck Dynasty

 

 

 

 

US approves BP oil spill settlement

 

A US judge has given final approval to BP’s $7.8bn (£4.8bn) part settlement with businesses and individuals who suffered losses following its disastrous Gulf of Mexico oil spill.

19 Comments

 

MF Global UK creditors could recover money

 

Thousands of creditors of failed broker MF Global UK could receive all of the money they lost in its collapse after a deal between the respective administrators of its British and American operations.

Comment

 

MPs crack down on sale of interest rate swaps

 

barclays_2435148g.jpg

The sale by retail banks of controversial interest rate hedging products could be limited under plans by MPs and peers to look further at the way derivatives have been sold to small businesses.

49 Comments

 

Markets fall on 'fiscal cliff' jitters

 

Markets sank into the red after Republicans in the US had to scrap a vote on an alternative plan to avoid the country's impending "fiscal cliff".

26 Comments

 

Mario Monti resigns as austerity budget passed

 

monti-speech_2434799g.jpg

Mario Monti has resigned as prime minister just hours after his 2013 budget was approved, but could be launching an electoral bid over the weekend.

26 Comments

Debt Crisis: as it happened - December 21, 2012

 

 

 

Triple dip 'averted' despite growth downgrade

 

Britain is on track to narrowly avoid a triple dip recession thanks to solid activity in the powerhouse services sector, despite weaker growth than thought in the three months to September.

80 Comments

UK public finances and GDP data: economists' reaction

 

 

 

Chinese visa rule leaves UK £1.5bn worse off

 

 

 

 

Ofwat waters down plans after industry revolt

 

 

 

 

News Corp's publishing arm lost $2.1bn

 

 

 

 

 

 

2012 in review: 10 most-read Business stories

 

montage2_2432041f.jpg

Banning Christmas presents and Greece's F1 dreams kept you clicking in 2012.

3 Comments

 

BAE secures £2.5bn fighter jet deal with Oman

 

David Cameron says the 20-jet deal will safeguard "thousands of jobs".

118 Comments

 

Asian champagne drinkers help to lift flagging market

 

Global market dampened by Europe's debt crisis, data show.

2 Comments

 

Women to see insurance premiums 'double'

 

 

 

 

Cadbury chief Irene Rosenfeld handed $10m stock award

 

 

 

 

Marks and Spencer overhauls board

 

 

 

 

Aviva sells US business for £1.1bn

 

 

 

 

Statoil to develop £4.3bn North Sea oil field

 

 

 

 

Regus bids for MWB Business Exchange

 

Mario Monti resigns as austerity budget passed

 

monti-speech_2434799g.jpg

Mario Monti has resigned as prime minister just hours after his 2013 budget was approved, but could be launching an electoral bid over the weekend.

26 Comments

Wall Street takes fright as fiscal cliff talks crumble

 

 

 

 

Debt Crisis: as it happened - December 21, 2012

 

 

 

 

2012 in review: 10 most-read Business stories

 

 

 

Christmas will shine a light on supermarkets' woes

 

There is a prize in this fiscal cliff saga but stronger US growth isn't it

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Link to post
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  • 2 weeks later...

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

New Jersey pension fund sues NYSE Euronext on ICE deal

 

24 Dec 2012

 

Instagram furore triggers first class action lawsuit

 

24 Dec 2012

 

Chevron to buy stake in Kitimat LNG from Encana, EOG

 

24 Dec 2012

 

Rosneft lines up financing for $55 billion TNK-BP takeover

 

24 Dec 2012

 

British retailers start online sales early

 

UK 24 Dec 2012

 

India and Russia seal defence deals, hail partnership

 

G20 24 Dec 2012

 

Factbox - Russia and India's defence ties

 

Aerospace & Defence 24 Dec 2012

 

China to crack down on "malicious" trademark registrations

 

Africa 24 Dec 2012

 

FTSE creeps higher as banks, commodity stocks gain

 

FXpert, 24 Dec 2012

 

Greece not doing enough against rich tax dodgers, say EU/IMF

 

IMF 24 Dec 2012

 

LSE cuts LCH.Clearnet offer by a quarter

 

24 Dec 2012

 

India and Russia seal new defence deals, trumpet partnership

 

World 24 Dec 2012

 

ITV to buy majority stake in Gurney Productions of U.S.

 

24 Dec 2012

 

Toyota Tsusho Corp secures almost 98 percent of France's CFAO

 

Japan 24 Dec 2012

 

Peugeot manager rules out merger with GM's Opel - report

 

24 Dec 2012

 

Nomura winds down Hong Kong-based FIG banking team - sources

 

24 Dec 2012

 

German exports could grow by 4 percent in 2013 - DIHK

 

24 Dec 2012

 

Russia's RDIF, India's SBI to invest $2 billion in cooperation projects

 

World, 24 Dec 2012

 

Yum's China chicken antibiotics within limits -Shanghai government

 

24 Dec 2012

 

Fear, finger-pointing mount over U.S. "fiscal cliff" | btn_rel_video.gif

 

24 Dec 2012

 

U.S. budget woes weigh on stocks, yen falls

 

FXpert 24 Dec 2012

 

Decline of listed firms on London's junior market slows

 

24 Dec 2012

 

Moutai shares lead alcohol tumble after China bans spirits from army feasts

 

24 Dec 2012

 

UK household finances worsen sharply in December - Markit

 

Sudan takes aim at currency traders as pound hits record low

 

FXpert 25 Dec 2012

 

Tycoons to largely reinvest TNK-BP cash in Russia

 

25 Dec 2012

 

Jaguar Land Rover's China unit to recall cars over safety worries

 

25 Dec 2012

 

EDF declines comment on China nuclear probe report

 

25 Dec 2012

 

Japan's incoming PM keeps up pressure on BOJ to attack deflation

 

Japan 25 Dec 2012

 

Yen on defensive on U.S. fiscal worry, helps Nikkei

 

FXpert, Japan 25 Dec 2012

 

Japan's incoming PM keeps up pressure on BOJ to attack deflation

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

BMW's vehicle sales reach 1.8 million in 2012 - CFO

 

26 Dec 2012

 

Toyota to settle acceleration cases for up to $1.4 billion

 

26 Dec 2012

 

Knight Capital CEO Joyce gets $7.5 million retention deal

 

26 Dec 2012

 

Congress awaits Obama's return for late push on 'fiscal cliff'

 

26 Dec 2012

 

U.S. administration urges Republicans not to block "fiscal cliff" deal

 

26 Dec 2012

 

U.S. retailers scramble after lacklustre holiday sales

 

26 Dec 2012

 

U.S. House Speaker Boehner urges Senate to act on "fiscal cliff"

 

26 Dec 2012

 

Retailers lead U.S. shares lower; yen hits 2-year low

 

FXpert, Japan 26 Dec 2012

 

Analysis - Japan's yen offensive may give Toyota an edge over Hyundai

 

Japan 26 Dec 2012

 

Future of state estate taxes hangs on U.S. 'fiscal cliff'

 

26 Dec 2012

 

Starbucks to use cups for "fiscal cliff" message to U.S. lawmakers

 

26 Dec 2012

 

Telefonica cuts overseas call rates in Spain to keep clients

 

Spain 26 Dec 2012

 

France should review 2013 deficit target with EU partners -IMF

 

26 Dec 2012

 

Russia's Rostelecom to focus investment on broadband

 

26 Dec 2012

 

Retailer John Lewis basks in bumper pre-Christmas

 

UK, 26 Dec 2012

 

Mexican regulator approves $1.6 billion deal for BBVA pension fund

 

26 Dec 2012

 

German ministry wants to push pace of privatisation - paper

 

26 Dec 2012

 

Grounded Kingfisher lacks funding plan - India minister

 

Aerospace & Defence 26 Dec 2012

 

China consumers driving economic rebound - survey

 

26 Dec 2012

 

Sudan takes aim at currency traders as pound hits record low

 

FXpert 26 Dec 2012

 

EDF declines comment on China nuclear probe report

 

U.S. lawmakers set up 11th-hour bid on 'fiscal cliff'

 

27 Dec 2012

 

Apple CEO's pay takes big hit vs. record 2011 package

 

27 Dec 2012

 

Britain's bid to win EU opt-outs could damage bloc -Van Rompuy

 

UK, David Cameron, Nick Clegg 27 Dec 2012

 

Greek central bank says top four banks need 27.5 billion euros

 

27 Dec 2012

 

US House sets Sunday session as 'fiscal cliff' deadline nears

 

27 Dec 2012

 

RBS wins dismissal of CDO lawsuit by S. Korea's Woori

 

27 Dec 2012

 

Porsche wins dismissal of US hedge fund lawsuit over VW

 

27 Dec 2012

 

Special report - Chesapeake, McClendon endure rocky year; more uncertainty ahead

 

27 Dec 2012

 

Portugal beats asset sale goal as Vinci buys airport operator

 

IMF 27 Dec 2012

 

Worst of euro crisis is over, Germany's Schaeuble says

 

27 Dec 2012

 

Poland takes step toward selling stakes in four companies

 

27 Dec 2012

 

French jobless claims hit nearly 15-year high in November

 

27 Dec 2012

 

U.S. consumer sentiment weakens as fiscal crisis looms

 

27 Dec 2012

 

Shares close flat after U.S. budget comments trigger sell-off

 

FXpert 27 Dec 2012

 

Long-suffering Bankia shareholders set for more losses

 

Spain 27 Dec 2012

 

Bankia docked from Spain's blue-chip index

 

27 Dec 2012

 

Bankia investors can look to AIB experience as precedent

 

Spain 27 Dec 2012

 

Obama heads back to Washington as "cliff" deadline nears

 

27 Dec 2012

 

U.S. poised to go off 'fiscal cliff' - Senator Reid

 

27 Dec 2012

 

Euro zone crisis batters holiday sales prospects

 

27 Dec 2012

 

Obama spoke with Congress leaders on fiscal cliff talks

 

27 Dec 2012

 

Greek prosecutors send Swiss account list to parliament

 

27 Dec 2012

 

Russia's AvtoVAZ recalls 45,000 Ladas over airbags

 

27 Dec 2012

 

Audi to keep investing in bid for luxury-car sales crown

 

27 Dec 2012

 

German economy to grow "decently" in 2013 - Finance Minister

 

27 Dec 2012

 

China central bank vows to step up reforms of finance sector

 

27 Dec 2012

 

Amazon most satisfying website to shop - survey

 

27 Dec 2012

 

Alpha Bank shareholders clear bond issue to Credit Agricole

 

27 Dec 2012

 

Analysis - Puzzle of weak investment jeopardises growth rebound

 

27 Dec 2012

 

ECB will not waver over bond-buying conditions - Coene

 

27 Dec 2012

 

Italy hits target amount at first debt auction of 2013

 

27 Dec 2012

 

Clariant offloads three businesses for $550 million

 

27 Dec 2012

 

Japan finance minister reassures on bond issuance, adviser prods BOJ

 

Japan 27 Dec 2012

 

Exclusive - Profits up, but Britain gets less tax from big firms

 

27 Dec 2012

 

French consumer morale rises in December despite unemployment fears

 

27 Dec 2012

 

Toshiba in talks with 3 firms to sell part of Westinghouse stake - media

 

Japan, Nuclear Power 27 Dec 2012

 

Toyota seeks to settle acceleration cases for $1.1 billion

 

27 Dec 2012

 

Taiwan's Fubon says to buy China bank stake for $1 billion

 

27 Dec 2012

 

U.S. stocks cut most losses; yen hits two-yr low

 

FXpert 27 Dec 2012

 

Analysis - Amazon's Christmas faux pas shows risks in the cloud

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

Senate leaders to make last-ditch 'fiscal cliff' effort

 

28 Dec 2012

 

U.S. Senate leaders aim to craft 'fiscal cliff' bill by Sunday

 

28 Dec 2012

 

U.S. judge approves Toyota's $1.1 billion acceleration deal

 

28 Dec 2012

 

U.S. Congress to "keep working" on fiscal cliff deal

 

28 Dec 2012

 

Boehner: Senate must act on House bill to avoid fiscal cliff

 

28 Dec 2012

 

Lockheed, US agree funding deal for more F-35s -sources

 

28 Dec 2012

 

Obama not making new 'fiscal cliff' offer to Congress-source

 

28 Dec 2012

 

Monti says will lead centrists in Italian vote

 

World 28 Dec 2012

 

Greek tax cheats list altered to hide names -court sources

 

28 Dec 2012

 

Pearson to buy stake in Nook, Barnes & Noble shares up

 

28 Dec 2012

 

France clings to growth in trimmed third-quarter GDP

 

28 Dec 2012

 

U.S. House sets Sunday session as "fiscal cliff" deadline nears

 

28 Dec 2012

 

FTSE falls on U.S. fiscal fears

 

FXpert 28 Dec 2012

 

Executives at collapsed Iceland bank jailed for fraud

 

28 Dec 2012

 

U.S. housing, factory data point to momentum in the economy

 

28 Dec 2012

 

Autonomy's Lynch defends record as HP confirms Federal probe

 

28 Dec 2012

 

Spain's PM says does not rule out asking for European aid

 

28 Dec 2012

 

Deutsche Bank sued by rival LBBW over mortgage-backed securities

 

28 Dec 2012

 

Bundesbanker calls for limits on bank lending to government

 

28 Dec 2012

 

Lithuania PM talks up 2015 euro goal

 

28 Dec 2012

 

Analysis - Euro zone bond clause highlights rich nation default risk

 

28 Dec 2012

 

Weak Japan economic data bolsters new PM's hand on stimulus

 

Japan 28 Dec 2012

 

Portugal deficit narrows, still above 2012 goal

 

28 Dec 2012

 

Denizbank aims to outperform home market

 

28 Dec 2012

 

China needs reform to boost urban spending - think tank

 

28 Dec 2012

 

EU Commission approves Dexia bailout plan

 

28 Dec 2012

 

Irish house prices rise again in November

 

28 Dec 2012

 

Italy keeps debt costs in check at 10-year auction

 

28 Dec 2012

 

France clings to growth in trimmed third-quarter GDP

 

28 Dec 2012

 

ECB's Nowotny cautiously optimistic about 2013

 

28 Dec 2012

 

Apple loses another copyright lawsuit in China - Xinhua

 

28 Dec 2012

 

Foreign money returns to Spain for second straight month

 

Spain 28 Dec 2012

 

Euro doomsayers adjust predictions after 2012 apocalypse averted

 

28 Dec 2012

 

Porsche faces more VW lawsuits after court win

 

28 Dec 2012

 

China central bank eyes steady credit growth, reforms

 

28 Dec 2012

 

France adjusts down third-quarter GDP growth to 0.1 percent

 

28 Dec 2012

 

China tightens loophole on hiring temporary workers

 

28 Dec 2012

 

Britain's bid to win EU opt-outs could damage bloc - Van Rompuy

 

U.S. Senate leaders to make last-ditch "fiscal cliff" effort | btn_rel_video.gif

 

29 Dec 2012

 

Analysis - After U.S. 'fiscal cliff' dive, more battles, new cliffs

 

29 Dec 2012

 

Starbucks expands cup campaign aimed at U.S. fiscal deal

 

29 Dec 2012

 

Qatar Airways files $600 million claim over new airport

 

Aerospace & Defence 29 Dec 2012

 

Egypt starts currency auctions, says reserves critical

 

29 Dec 2012

 

French court rejects 75 percent millionaires' tax

 

29 Dec 2012

 

Germany's Kaufhof satisfied with Christmas trade - paper

 

29 Dec 2012

 

Rejected French tax measures worth 300-500 million euros - finmin

 

29 Dec 2012

 

Deutsche Bank co-CEO sees more Europe bank consolidation - paper

 

29 Dec 2012

 

French govt says will propose a rejigged 75 percent tax plan

 

29 Dec 2012

 

Daimler CEO wants Mercedes to regain top spot by 2020 - paper

 

29 Dec 2012

 

Lockheed gets up to $4.9 billion in further F-35 funding

 

29 Dec 2012

 

Obama: 'modestly optimistic' fiscal cliff deal can be reached

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

Exclusive - Huawei partner offered embargoed HP gear to Iran

 

30 Dec 2012

 

U.S. fiscal deal stalls as clock ticks to deadline | btn_rel_video.gif

 

30 Dec 2012

 

"Significant differences" stand in way of fiscal cliff deal - Reid

 

30 Dec 2012

 

Merkel says euro zone crisis far from over

 

World 30 Dec 2012

 

Democrats, Republicans apart on key "fiscal cliff" issues - Reid

 

30 Dec 2012

 

Egypt pound hits record low under new currency regime

 

30 Dec 2012

 

New year, old demons

 

30 Dec 2012

 

Republican Senator says chances very good for limited "fiscal cliff" deal

 

30 Dec 2012

 

Opel to cut production by over 10 percent in 2013 - report

 

30 Dec 2012

 

Stung Bankia investors look to courts for justice

 

Spain 30 Dec 2012

 

U.S. Senate leaders work to avoid New Year's "fiscal cliff"

 

'Fiscal cliff' tumble looms despite U.S. Senate efforts | btn_rel_video.gif

 

31 Dec 2012

 

Monday night vote on U.S. 'cliff' deal very likely - Sen. Corker

 

31 Dec 2012

 

Senate eyeing two-month delay of automatic spending cuts -McCain

 

31 Dec 2012

 

U.S. House expects to reconvene at noon Tuesday - Rep. LaTourette

 

31 Dec 2012

 

U.S. Treasury says hitting debt ceiling on Monday

 

31 Dec 2012

 

Combative Obama knocks Republicans, says fiscal deal in sight

 

31 Dec 2012

 

Sceptical US Senate Democrats seek meeting with Biden on 'fiscal cliff' deal - aide

 

31 Dec 2012

 

Equities rally as U.S. 'cliff' deal nears; oil up

 

FXpert 31 Dec 2012

 

French government may water down 75 percent tax after setback

 

31 Dec 2012

 

U.S. House may not vote on any fiscal cliff deal before January 1

 

31 Dec 2012

 

U.S. Senate should pass tax relief now, McConnell says

 

31 Dec 2012

 

Tribune, out of Chapter 11, set to begin makeover as TV company

 

31 Dec 2012

 

Cash payouts to fall as banks squeeze bonus pots

 

31 Dec 2012

 

US fiscal deal would raise tax rates, sticking point remains -source

 

31 Dec 2012

 

U.S. fiscal cliff talks stuck on spending cut demand - source

 

31 Dec 2012

 

U.S. Republican Senator Kyl cites progress in fiscal cliff talks

 

31 Dec 2012

 

Differences remain on U.S. fiscal cliff, time running out - Reid

 

31 Dec 2012

 

FTSE drops on New Year's Eve

 

FXpert, 31 Dec 2012

 

China factory sector strongest since May 2011 - survey

 

31 Dec 2012

 

China to keep prudent monetary policy in 2013 - cenbank

 

31 Dec 2012

 

Housing equity injection lowest since Q1 2010

 

UK 31 Dec 2012

 

BG gets $1.8 billion loan from U.S. Export-Import Bank

 

31 Dec 2012

 

Sundance shares surge on reports Hanlong to complete takeover

 

Africa 31 Dec 2012

 

U.S. Senate adjourns as 'fiscal cliff' talks continue

 

"Fiscal cliff" moves to House, timing and outcome uncertain | btn_rel_video.gif

 

7:58pm GMT

 

CBO says Senate's "fiscal cliff" bill adds $4 trillion to deficit

 

7:41pm GMT

 

Drifting Shell drill ship grounds on rocks off Alaska

 

5:59pm GMT

 

No decision when U.S. House will vote on fiscal cliff bill - Cantor

 

4:22pm GMT

 

Biden will discuss "fiscal cliff" deal with House Democrats

 

4:20pm GMT

 

U.S. arms sales to Asia set to boom on Pacific "pivot"

 

World, Aerospace & Defence 4:15pm GMT

 

House Republicans should accept Senate "cliff" deal - Republican Cole

 

3:51pm GMT

 

Russia restricts sales of beer - report

 

3:35pm GMT

 

UK's Metro Bank appoints Vernon Hill as new chair

 

12:46pm GMT

 

Senate approves bill to avert "fiscal cliff"

 

6:58am GMT

 

Insight - How Colombian drug traffickers used HSBC to launder money

 

6:08am GMT

 

Democratic U.S. senators see support for "fiscal cliff" deal

 

4:06am GMT

 

China commentaries demand U.S. responsibility on "fiscal cliff"

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.

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http://www.globalpost.com/dispatch/news/regions/americas/united-states/121226/bernie-madoff-letter-jail-insider-trading-wall-street

 

The recent rash of insider trading cases may be a shock to some on Wall Street, but not to one long-time market player: Bernie Madoff.

 

In a Christmas Eve letter from the medium security federal prison in North Carolina where he is serving a 150-year sentence for running a massive Ponzi scheme, Madoff tells CNBC that insider trading has been around "forever."

 

He also rails against what he calls a lack of transparency in the financial markets, and says the growth of hedge funds is forcing market players to take outsized risks in order to earn decent returns.

 

More at the link.

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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Turmoil fear as US pulls back from 'fiscal cliff'

 

01 January 2013 06:53 PM

Markets worldwide face volatility after late compromise on tax rises and spending cuts

 

 

More trouble in store for retailers

 

01 January 2013 06:53 PM

The retail sector is "certain" to see further collapses and large swaths of stores closed this year, following a sharp jump in administrations in 2012.

 

 

 

Global hopes stoked after China's manufacturers score hat-trick

 

01 January 2013 06:53 PM

The growth prospects for the global economy were given a fillip over the New Year after China's manufacturing sector posted a third consecutive month of expansion.

 

 

 

Halifax raises hopes of a healthier housing market

 

31 December 2012 05:24 PM

Some optimism is returning to the UK's housing market according to a new survey showing that a rising number of Britons expect house prices to climb rather than fall over 2013.

 

 

 

Apathy rules as FTSE ends moribund year with a whimper

 

31 December 2012 05:24 PM

The stock market ended 2012 with a whimper rather than a bang but that was entirely in keeping with what, for City traders anyway, was a miserable year.

 

 

 

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Retailers face 2013 gloom as Britons prepare to save

 

31 December 2012 05:24 PM

Pressures set to grow and drive high-street stores to close their doors for the last time

 

 

 

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From 'Thomas the Tank Engine' to 'King of the Railway': Mattel plans global push for franchise

 

31 December 2012 01:34 PM

Marketing push will see a range of new toys created and the release of a one-hour film as it attempts to make inroads in Asia and Latin America

 

 

 

Business fears of triple-dip recession on the wane

 

31 December 2012 12:00 AM

British businesses are growing increasingly bullish that the country will avoid a triple-dip recession.

 

 

 

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US-Europe harmony 'vital for British revival hopes'

 

31 December 2012 12:00 AM

CBI chief says Obama and EU must forge free-trade pact 'or risk looking back in regret'

 

 

 

Clampdown on rip-off claims firms starts to bite

 

31 December 2012 12:00 AM

Rogue claims management companies are running scared after more than 350 of them were shut down, suspended or warned by the Ministry of Justice (MoJ) in six months, it is revealed today.

 

 

 

Prudential chief eyes break-up

 

30 December 2012 12:00 AM

Thiam's look into radical restructuring could lead to reform of giant insurer within the year

 

 

 

Next figures give first guide to festive sales

 

30 December 2012 12:00 AM

All eyes will be on Ftse 100 high street titan Next on Thursday, as the retail bellwether offer up some of the sector's first hard news on festive sales.

 

 

 

Iraq attracts British investors to fund its multibillion re-build

 

30 December 2012 12:00 AM

British investors are starting to pour their cash into the Iraq Stock Exchange, as Baghdad looks for the billions it needs to rebuild the country's fragile economy.

 

 

 

New Lynch attack on Hewlett Packard valuation

 

28 December 2012 09:52 PM

US authorities have begun an inquiry into claims of impropriety at Autonomy

 

 

 

Japan pushes world closer to currency wars

 

28 December 2012 09:52 PM

Central banks consider simultaneous new policies of monetary stimulus

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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1 January 2013 Last updated at 15:53

 

 

US fiscal deal faces House test_65030863_2c79gkjy.jpg

 

A US Senate-backed deal to stave off a "fiscal cliff" of tax and spending measures passes to the House, with the president urging passage "without delay".

 

 

_64996696_006805403-1.jpgCommissions banned on new sales

 

Financial salesmen and advisers can no longer be paid commissions by the firms whose policies - such as private pensions and investments - that they are selling. 426

 

 

 

_65027235_erne.jpgUK assumes presidency of G8 group

 

The UK has begun its year-long presidency of the G8 group of nations, which will include hosting a summit in Northern Ireland.

 

 

 

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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With a Mall Boom in Russia, Investors Go Shopping

 

By ANDREW E. KRAMER 52 minutes ago

 

 

While malls appear to be past their peak in the United States, in Russia they are luring shoppers with money to spend and investors like Morgan Stanley.

 

 

 

MALL1-sfSpan.jpg

James Hill for The New York Times

 

Shoppers at the Mega Belaya Dacha mall on the outskirts of Moscow.

 

 

 

 

 

 

01Laos1_cnd-thumbStandard.jpg

China Builds a Railroad, and Laos Bears the Cost

 

By JANE PERLEZ and BREE FENG 12:10 PM ET

 

China wants a railroad linking it to Thailand and on to the Bay of Bengal in Myanmar, but some international groups warn that it may put a big burden on Laos.

 

 

01fiscal6_cnd-thumbStandard.jpg

G.O.P. Anger Over Tax Deal Endangers Final Passage

 

By JENNIFER STEINHAUER and JONATHAN WEISMAN 45 minutes ago

 

Lawmakers said Tuesday that Representative Eric Cantor, the House’s No. 2 Republican, indicated to his colleagues in a closed-door meeting that he could not support the bill in its current form.

 

01fiscal3_cnd-thumbStandard.jpg

Senate Passes Legislation to Allow Taxes on Affluent to Rise

 

By JONATHAN WEISMAN

 

The Senate easily passed the measure, which also put off cuts in spending, early on Tuesday after the deadline on the so-called fiscal cliff had passed. Republican House aides said a vote Tuesday was possible.

 

 

Chinese Manufacturing Sector Expands for a 3rd Month

 

By BETTINA WASSENER

 

The results of a closely watched survey underline the view that the world’s second-largest economy has settled into a mild rebound that is likely to extend into 2013.

 

A Year of Market Gains, Despite Turmoil

 

By FLOYD NORRIS

 

Stock markets in Europe and the United States turned out to be good investments in 2012, even as governments battled economic problems that threatened disaster.

 

 

 

 

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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Fiscal cliff deal will add $4 trillion to US deficit, says CBO

 

dollar_2440396g.jpg

The Congressional Budget Office has revealed that the Senate-passed legislation to avert the "fiscal cliff" will add nearly $4 trillion to federal deficits over a decade.

8 Comments

Obama hails fiscal cliff deal as House vote looms

 

 

Congress prepares to reverse fiscal cliff fallout

 

 

US Senate passes deal to avert fiscal cliff

 

 

Key points of fiscal cliff deal

 

 

UK faces 'groundhog year' in 2013

 

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Britain will have to “acclimatise” to “hard grind” of another year of squeezed wages, rising unemployment and low growth, economists warned.

135 Comments

Britain takes up G8 presidency

 

 

 

Metro Bank billionaire to chair lender

 

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Vernon Hill, the billionaire founder of Metro Bank, has been named the start-up lender’s new chairman ahead of an expected flotation of the business next year.

Comment

 

China's economy ends year on a high

 

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China's manufacturing activity expanded in December for a third straight month, official data showed Tuesday, adding to signs the world's second largest economy is emerging from a prolonged downtrend.

6 Comments

 

Austerity has made Europe worse, says Cyprus

 

cyprus_2440006g.jpg

Cyprus President Demetris Christofias has hit out against the harsh austerity measures being meted out to struggling eurozone members as the Mediterranean island faces a bleak new year.

207 Comments

Greece to probe former finance minister

 

 

Merkel warns eurozone crisis 'far from over'

 

 

 

Japan plans 'nationalisation' of factories

 

 

 

 

Homeowners predict 2013 house price rises

 

 

 

 

Hedge funds reap record profits from QE bets

 

 

 

 

 

Questor: Review of 2012 share tips

 

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Questor's 2012 tips rose by an average of 10pc. FTSE 100 rose 6pc.

5 Comments

 

'Stop fighting the past - there are threats to come'

 

bankers_2440289f.jpg

BVCA boss Mark Florman says we need to stop bashing the banks.

30 Comments

Capital ratios threat 'holding back economy’

 

 

 

Alex: It's A Wonderful Crisis - part 9

 

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9 Comments

 

Sony stops making PlayStation 2 in Japan

 

 

 

 

UAE stops jailing expats for bounced cheques

 

 

 

 

Britain's 40 year relationship with the EU

 

 

 

 

Top 2012 business stories

 

 

 

 

Blue-chips shrug off shadow of debt crisis

 

 

 

 

Week ahead in business and economics: Jan 2 - 4

 

 

 

 

 

 

Fiscal cliff deal will add $4 trillion to US deficit

 

obama_2433963g.jpg

CBO reveals the Senate-passed legislation to avert the "fiscal cliff" will add nearly $4 trillion to federal deficits over a decade.

8 Comments

Capital ratios threat 'holding back economy’

 

 

 

 

The US can't afford more political deadlock in 2013

 

 

 

 

Congress prepares to reverse fiscal cliff fallout

 

 

 

Stocks to soar as world money catches fire, Calvinst Europe left behind

 

The US can't afford more political deadlock in 2013

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

Only One Thing To Say To This

 

Yeah, it's pretty clear eh?

The Senate early on New Year's Day voted overwhelmingly in favor of a fiscal cliff deal that would extend tax rates on annual household income under $450,000 and postpones automatic spending cuts for two months.

The bill was approved in an 89-8 vote that came after only 10 minutes of formal floor debate and no official score from the Congressional Budget Office. The Joint Committee on Taxation estimated it would reduce federal revenue by $3.93 trillion over the next decade compared to current law.

Net spending reduction?

$15 billion.

In other words, effectively zero.

 

More at the link.

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

Meanwhile, The Spanish Lies Are Being Exposed

As our futures bleed this morning on the hangover from yesterday's rumor dujour on the "fiscal cliff" buried below the fold and therefore invisible to Americanus Stupidus is the news that both Bankia and Valencia, along with a handful of other Spanish banking names, are collapsing.

Bankia was formed from a merger of provincial savings banks, drawing in over a quarter of a million small investors with extremely aggressive marketing. Unfortunately it appears that they were also hiding losses and it was recently revealed that the firm had negative equity (that is, its assets are worth less than its deposits.)

 

More at the link.

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

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