UK report: 25% of families will have no disposable income in 2009

The UK has been a credit-loving country for years and like the US, is going to have to learn how to survive with less easy credit. It's also interesting to see that the Tories in the UK are proposing tax incentives for savers as opposed to handouts for spending. This is the heart of the problem that we're facing [more...]

Date: 2009-01-06 08:38:01

Blog posts (133) | Videos (46)
 

Four. One Million Use Credit Cards for Mortgage or Rent

4.1 Million Use Credit Cards for Mortgage or Rent According to housing and homelessness charity Shelter, about 85% of the UK’s £1 ... Breaking point’ report revealed that ‘4.1 million households (16%) used credit cards to help meet ... , is that they normally come with a lower APR (Annual Percentage Rate) than unsecured debts [more...]

Date: 2009-01-08 08:18:32

Blu-ray recorders in Japan

... the small sample size, so hopefully I can make amends with this detailed report from DIMSDRIVE ... , even getting onto Google News UK’s front page, but any credit to me got lost on the way. Mind [more...]

Date: 2009-01-16 13:39:09

Gap year grannies’ dreams dashed

If you are dreaming of spending your retirement travelling, you may be in for a shock. New research from the fifth annual Scottish Widows UK Pensions Report suggests that funds will often be sorely lacking when it comes to crunch time. Scottish Widows has found the over 50s are one of the groups hardest hit by the credit crunch in terms of saving for retirement , despite pensions savings increasing overall since last year. [more...]

Date: 2009-10-01 15:32:42

In times of crisis, the old school tie rules

I hate to say this, but does the media create this gloom and doom in the markets? ... do, and then brace myself for the bad news report which states that the Confederation of British Industry (CBI ... , UK "Until a few weeks ago the credit crunch seemed to happen to other people, but had little [more...]

Date: 2009-01-12 23:37:43

Legal News - LexBlogosphere: 6/5/08

Below you'll find the best of the best articles published today in our corner of the blogosphere, ... attorney Daniel Clement at his blog, the New York Divorce Report UK government vets gagged on badger cull ... High conflict custody cases - "get some credit in the bank" - Philadelphia lawyer Charles Meyer [more...]

Date: 2008-06-05 22:08:40

Credit crunch fuels growth in cybercrime

UK cybercrime has rebounded to levels not seen since 2006 as a result of the recession and consumer complacency, according to Garlik's annual UK Cybercrime report. [more...]

Date: 2009-10-01 19:31:32

Contrasting recent Oklahoma City and Winnipeg morning radio coverage about education

I had a moment of significant cognitive dissonance this morning driving in to work, listening to the radio. photo credit: rakkasan69 This past Friday morning, for THREE HOURS, I was a minor guest ... them put down with disgust a news report about a school (in the UK, I think) where the school [more...]

Date: 2009-01-07 04:10:21

Is Debt Management the only solution?

by Phillip Evans Are we in the UK drowning in Debt? According to the insurer AXA, some 11.6 million people (25 per cent of the adult population) ... , admitting their finances are entirely out of control. The report suggests that over 3.7 million people are reported to be struggling to cope with mounting credit card bills and just over a million [more...]

Date: 2009-01-09 13:18:26

Increasing volumes in the UK

Alchemy Worx has just launched their twice-monthly newsletter Email-Worx, ... Index, or AWCM Index for short. One of the findings in this month's report was that email volumes ... of the credit crunch, retailers are under a lot of pressure to reduce their margins so it is not really [more...]

Date: 2009-01-04 20:46:45

“A frightening deterioration in the UK economy”

The British Chambers of Commerce report today that orders, investment and demand for labour all fell heavily in the last quarter of 2008 ... you are not encouraging an old firing at the same time. If you are offering a guarantee to banks for offering credit [more...]

Date: 2009-01-08 15:48:33

Deflation Hits The UK; Free Money In Japan

The Times Online is reporting Ministers admit that tax rises will follow Gordon Brown's tax cuts ... later on” and Mr Brown himself accepted that the Pre-Budget Report (PBR) stimulus would be “ ... , global wage arbitrage is king, and most importantly Peak Credit Has Arrived.Barclays Attempts To Placate [more...]

Date: 2008-11-18 10:19:00

Microsoft prepares to sue over loss of Woolworths stock

According to this Time Online report, Microsoft is preparing to launch a class action suit against UK high street retailer Woolworths in a bid to ... reclaim several millions of pounds worth of stock. The chain is set to close its doors to the public tomorrow as the recent credit crunch took its toll early last month. ... [more...]

Date: 2009-01-05 15:39:56

Wanna Get Away? Get Banks OK in UK

If you "wanna get away" and you live in the UK, make sure your bank nose..otherwise you'll have "slim pickin's" when it comes to payment options.. ... , when they go away, according to a recent report in the newspaper The Times.This is in the aim of combating credit card fraud, where several holiday goers found their debit or credit cards frozen [more...]

Date: 2009-01-13 17:36:00

Police hacking

Recent news that UK government approving Police hacking into suspected home computers has caused a bubble in the info-sec world ... of users who are suspected of terrorism, pedophilia or identity or credit card theft will be targeted ... program that the Feds can hack into your machine to log and report all keystrokes back to them [more...]

Date: 2009-01-09 07:39:24

UK New Car Registrations reflect world Motor Manufacturers difficult trading positions

Society of Motor Manufacturers and Traders say December market falls, but not as far as expected: New car registrations fell 21 ... to finance and credit across the economy is essential if long-term damage to valuable industrial ... s ninth annual Sustainability Report from the SMMT web [more...]

Date: 2009-01-07 11:23:15

Is the 6-month Stock Market Rally About to End?.

by Bob Chapman Global Research October 1, 2009 The G-20 Pittsburg Summit ended last Friday. Their official statements made for some novel and interesting reading. We were informed that the group could by working together could manage a transition to a more balanced pattern of global growth. Tending to domestic demand as private savings increase. It is obvious to us this cannot work. We are seeing increased savings and decreased consumption. The IMF as well agrees with these policies. [more...]

Date: 2009-10-01 17:54:55

New Czech move to block ratification of EU constitution

Flashback: Icelandic parliament rolls over, votes for EU membership | Ireland to hold second referendum on Lisbon Treaty | EU leaders reassure Irish in latest attempt to revive Lisbon treaty | Leaked 1955 Bilderberg Docs Outline Plan For Single European Currency | Iceland to be fast-tracked into the EU | Irish to vote on EU treaty again as experts warn Britain could be signed up within a year | You’re not doing it right: New Irish vote on EU integration ‘legal’ | Harper, Sarkozy [more...]

Date: 2009-09-29 20:25:00

A Mahatma rally!

"Earth provides enough to satisfy every man's need, but not every man's greed." – Mahatma Gandhi. Whether one should be greedy at this stage is a BIG question after such a stunning rally. We’ve come a long way in a year. The journey from the brink of Great Depression has been spectacular. The moot point is where do we go from here? The fact that so many people have missed the rally could ensure that the bulls maintain an upper hand. [more...]

Date: 2009-10-01 04:03:00

IMF warns of further recession risks

By Chris Giles in IstanbulBanks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a “significant” risk of another downward lurch in the global recession.The IMF described credit risks as remaining “elevated” even though financial conditions have improved significantly since spring.It said these risks, alongside weakened banks, were likely to depress [more...]

Date: 2009-09-30 14:17:54

IMF: World recovering faster than expected

ISTANBUL, Turkey -The global economy is recovering faster than expected but governments should be careful to not withdraw their stimulus measures prematurely, the International Monetary Fund said Thursday. The positive report card was likely to feed cautious but widespread relief that — despite a continuing rise in unemployment and worries about credit availability — the downturn is easing and may prove less devastating than initially feared. [more...]

Date: 2009-10-01 09:24:00

The US needs the world to help them clean up the internet

Okay so this isn’t the way the BBC worded it when they published their article this morning, but I can’t help thinking they should have done. The US Department of Homeland Security has said… "all computer users, not just industry and government, have a responsibility to practice good ‘cyber hygiene’" Which, if they’re aiming that comment at at anybody outside of the US is nothing short of complete hypocrisy.  This map below will demonstrate why I’m saying this. [more...]

Date: 2009-10-01 11:36:04

New Study in UK: High Prices for Music Downloads Account for Piracy

photo credit:www.bu.edu If you want to expand your music collection and illegal downloading just doesn’t suit you, CompareDownload might be a good place to start. It offers plenty of useful info about artists and bands, reviews, concert tickets, and best of all, how you can buy their music and what’s the best price you can hope for. Recently, the site has also conducted a survey that shows more than 60% of people living in the UK would buy music using online services if it was cheaper. [more...]

Date: 2009-10-01 13:06:15

Beattie's Book Blog (2009-09-29 11:53)

LEGENDS ON 2 WHEELS by Rhys Jones Harper Collins - $49.99 Publication - 1 October 2009 If you stop and think about it, it does seem quite astonishing how many great riders, designers, engineers and innovators have been involved in giving New Zealand an amazing history and rich heritage in two-wheeled motorsport. For a small country geographically isolated from the main centres of motorcycle racing, New Zealand has produced a disproportionate number of the world’s top riders. [more...]

Date: 2009-09-29 18:53:00

Corporate banking - a new phenomenon of new socio economic global order

Corporate banking consists of simple business of issuing loans to more complex matters, such as helping minimize taxes paid by overseas subsidiaries, managing changes in foreign exchange rates, or working out the details of financing packages necessary for the construction of a new office, plant or other facility. In many cases, there is an overlap between corporate banking and capital markets. [more...]

Date: 2009-09-29 12:19:39

Citi Sells Chunk of Diners Club – Analyst Blog

Citigroup, Inc. ( C ) has sold off a part of its Diners Club credit card processing business to Elavon, a subsidiary of US Bancorp ( USB ), as it continues to rid itself of unwanted assets. Elavon acquired Citibank's Diners Club Card merchant-location portfolio in Western Europe, which represents more than 75,000 merchants. Small and mid-size businesses that accept Diners Club cards in the region will now process their transactions through Elavon. Terms of the deal were not disclosed. [more...]

Date: 2009-09-29 18:44:01

Directors no longer need to file home addresses [Jolene *Data Queen* Phillips]

As you're probably aware, as from 1st October 2009, Directors are no longer required to file their home addresses making it harder to do back ground checks when offering credit Please read this article here If you are already credit checking (EVERY small UK Business that's invoices should be credit checking and monitoring their clients) in place, you will agree that having the Directors Home Address is a massive help should you need to do a background check on him (with prior permission). [more...]

Date: 2009-09-29 12:43:19

Wall Street Breakfast: Must-Know News

CIT on the brink. Sources say CIT Group ( CIT ) is preparing a sweeping exchange offer that would eliminate 30-40% of its $30B in debt, giving bondholders new debt with a later maturity, and nearly all the equity in a restructured CIT. The plan is likely to be more attractive to bondholders with near-term debt, and some insiders say competing bondholder interests are likely to thwart any deal and send CIT to bankruptcy court. CIT -24% premarket. IMF turns optimistic. [more...]

Date: 2009-09-30 11:20:04

Pimco’s El-Erian Properly Frames the Financial Debate

Pimco CEO Mohamed El-Erian I am increasingly impressed by Pimco CEO Mohamed El-Erian. Why? I believe El-Erian consistently provides a thoughtful and informed opinion and analysis of the global economic landscape. I witness his sagacity again this morning in reading his Financial Times commentary, Return of The Old Ways of Thinking Threatens Recovery : We are at the point of maximum confusion in the multi-year transition of the global economy, markets and policymaking. [more...]

Date: 2009-09-29 13:34:51

OIL’s well, that starts well!

Vitality shows in not only the ability to persist but the ability to start over. The opening moments will be dominated more by Oil India’s listing. The market will be keen to see how the stock behaves after a tepid debut for Adani Power and NHPC. We expect another positive start though Asian stock markets are mixed after overnight losses on Wall Street. [more...]

Date: 2009-09-30 04:01:00

How to shave 10 years off your life: Have high cholesterol, be hypertensive, and smoke.

Researchers have taken another look at the famous Whitehall study of over 18,000 middle-aged London men and found that a single measurement of three factors predicted mortality better than any other measures. Those with the three risk factors, high blood pressure, high cholesterol, and smoking, had three times the risk of death from cardiovascular problems and a life expectancy that was ten years shorter than those without the three risk factors. The men were examined in 1967-1970 and followed for 38 years. [more...]

Date: 2009-09-29 18:30:10

Mortgage Calculators Can Be Invaluable When Comparing Loans

by Matthew Eccles Are you looking for some inside information on free mortgage calculators? Here’s an up-to-date report from mortgage calculator experts who should know the formulas used to calculate mortgage payments. Mortgage calculators can be found on a numerous websites. Lots of these websites are run by banks and mortgage lenders and others are run by those who just wish to provide internet users with helpful information. [more...]

Date: 2009-10-01 20:02:15

$40 CPMs At Dogster; Jefferies Analyst Bullish On Yahoo! And Display; UK Internet Ad Spend Beats TV; $4 Million For Casual Games Network NeoEdge

Email This PostHere's today's AdExchanger.com news round-up... Want it by email? Sign-up here.Dogster and $40 CPMsTechCrunch looks at a new partnership announced between dog lover social network, Dogster, and viral web publishing phenomenon, I Can Haz Cheeseburger. TC's Sara Lacy says that Dogster has been wise to build relationships directly with advertisers as opposed to going the ad network noting that Dogster can charge $10-$12 CPMs and $40 CPMs for its newsletter. [more...]

Date: 2009-09-30 10:24:58

Avivah Litan: Nothing that Goes Through the Browser Can Be Relied Upon!

Yesterday, I spent a lot of time on a post : Another Lawsuit Against Weak Online Banking Authentication.  Today, (ironically and thankfully!) Bank Technology News came out with an article on the same subject.  I'm tickled, because there's a quote from Avivah Litan, distinguished analyst and VP at Gartner Research that is as powerful as they come. [more...]

Date: 2009-09-29 20:14:00

Caffeine delusions & credit market green shoots

Feeling an obligation, here, to balance prior downbeat coverage of money market spreads. The latest picture is this: (Chart source: Bloomberg) ... reduce her daily intake of seven cups of coffee. Which may prove a challenge for someone with 14 years ... " "green shoots" of recovery (interview here plus entertaining video report on it here). Never [more...]

Date: 2009-01-16 13:40:57

Windows Azure and Cloud Computing Posts for 10/1/2009+

Windows Azure, Azure Data Services, SQL Azure Database and related cloud computing topics now appear in this weekly series.   Note: This post is updated daily or more frequently, depending on the availability of new articles in the following sections: Azure Blob, Table and Queue Services SQL Azure Database (SADB) .NET Services: Access Control, Service Bus and Workflow Live Windows Azure Apps, Tools and Test Harnesses Windows Azure Infrastructure [more...]

Date: 2009-10-01 23:00:00

RIL, auto stocks slide in flat market

Key benchmark indices ended little changed after witnessing wild gyrations throughout the day. The BSE 30-share Sensex rose 7.71 points or 0.05%, off 61.06 points from the day's high, and up 75.19 points from the day's low. The BSE Sensex extended gains for third straight session while S&P CNX Nifty ended marginally lower. Market breadth was weak as small and mid-cap stocks underwent correction.IT stocks were in demand for the third straight day. However, auto stocks retreated on profit booking. [more...]

Date: 2009-10-01 12:10:00

Nifty regains 5,000 mark

Data showing a surge in growth in the core sector boosted domestic bourses with the 50-unit S&P CNX Nifty settling above the psychological 5,000 level. The BSE 30-share Sensex rose 159.91 points or 0.96%, off close to 55 points from the day's high and up close to 50 points from the day's low. Index heavyweights Reliance Industries and ICICI Bank led the rally which was a part of a rally in most Asian stocks. IT, banking and healthcare stocks rose. But realty stocks reversed early gains. [more...]

Date: 2009-09-29 15:25:00

1-16-2009 (Fri Evening) Fin. & Econ. Activity

House Democrats’ version of the $825 billion recession rescue package would end billions of dollars in tax breaks the Bush administration quietly ... debt until 2019, hoping to encourage new lending - CNN Money, David Goldman Top Videos of the Week ... s biggest bond fund, said Friday - CNBC (Reuters) >>>Credit Where Credit is Due….In truth [more...]

Date: 2009-01-17 02:00:46

Gates of Vienna News Feed 1/5/2009

Read through the official European reactions to Israel’s ground offensive into Gaza: Zapatero, the Vatican, the Italian government — all are pressuring Israel for a ceasefire. The surprise is Dutch Prime Minister Jan Peter Balkenende, who states that it would be pointless to condemn Israel without addressing what Hamas is doing [more...]

Date: 2009-01-06 04:54:00

Gates of Vienna News Feed 1/2/2009

In tonight’s news: Israel is poised to send ground troops into Gaza.A Muslim family was removed from a plane before takeoff, and is being compensated by the airline for the error. CAIR is in high dudgeon about the incident.Thousands of shoes were dumped on a Miami expressway — is that a message for President-eject Bush? [more...]

Date: 2009-01-03 04:42:00

Gates of Vienna News Feed 1/4/2009

The overwhelming evidence of global warming continues to accumulate — as does the level of ice and snow in Greenland’s central ice cap, which increases at a rate of about two inches a year.Shhh! Don’t tell Al Gore…Thanks to Abu Elvis, Barry Rubin, C. Cantoni, heroyalwhyness, JD, Lexington, LN, RRW, VH, and all the other tipsters who sent these in [more...]

Date: 2009-01-05 04:27:00

New Tom Jones Interview: “A Great Tradition —” Tom Jones In Las Vegas

Mike Weatherford, resident critic here at Las Vegas’ daily newspaper is, as we’ve noted before, a Tom Jones fan (and a nice guy). He talked to Tom last week and his report follows. There will be a review of Tom’s show posted ... /January 16, 2009 Tom Jones’ first U.S. album in years lets him look back while maintaining forward [more...]

Date: 2009-01-16 15:27:13

Today's Financial Markets News - Jan-14-09

By The Greek - Economy & Markets:Visit the front pages of Wall Street Greek and Market Moving News to see our current coverage of economic reports ... tough holidays; Nortel (NYSE: NT) files for bankruptcy; S&P threatens downgrades for much of Europe ... was canceled in Europe on several possible factors. Sovereign credit downgrade threats against several [more...]

Date: 2009-01-14 18:00:00

DrumBeat: December 29, 2008

Gazprom, Once Mighty, Is Reeling MOSCOW — A year ago, Gazprom, the Russian natural gas monopoly, aspired to be the largest corporation in the world. Buoyed by high oil prices and political backing from the Kremlin, it had already achieved third place judging by market capitalization, behind Exxon Mobil and General Electric [more...]

Date: 2008-12-29 14:06:30

DrumBeat: December 31, 2008

The Peak Oil Crisis: Civil Unrest Before grappling with 2009, it might be useful to remind ourselves that there is a dark side to what lies ahead ... College had released a report talking about preparing for civil unrest in the U.S. When you read the report, it turns out to be yet another warning about generals preparing for the last war. It devotes [more...]

Date: 2008-12-31 13:58:02

Gates of Vienna News Feed 1/8/2009

The latest word is that an agreement with Russia has been reached, and the flow through the gas pipeline will resume.Also, look for the storming of the Israeli consulate in Montreal, as well as other Gaza-inspired violence around the world.Thanks to AA, Abu Elvis, Insubria, JD, Tuan Jim, Vlad Tepes, and all the other tipsters who sent these in [more...]

Date: 2009-01-09 04:49:00

Intel profits dive 90 per cent

Intel profits dive 90 per cent In its fourth quarter earnings report Intel has reported sharply reduced profits and has refused to issue a revenue ... their mobile handsets may soon have help in the form of legal shelter. ASA raps Contractor UK over web ... IT recruitment firm Contractor UK over claims that it is the “the UK’s most visited IT [more...]

Date: 2009-01-16 01:19:36

Fiscal Insanity Virus Strikes Canada, Sweden, Italy, IMF

The world health organization has confirmed new cases of the extremely contagious Fiscal Insanity Virus (FIV) that is rapidly spreading the globe. Canadian Finance Minister Jim Flaherty is one of the latest victims as evidenced by the headline ... the banks to provide adequate credit in Canada,” Mr. Flaherty said at a news conference in Saskatoon [more...]

Date: 2008-12-24 22:38:00

How Do I Sell My Stuff On EBay

By Amanda O'Brien Finding it increasingly difficult to get enough money to survive? Want to get some extra money for your family? Then perhaps you should consider selling products on eBay. Internet businesses are becoming a very popular way of making money. Selling on eBay is easier than most other businesses. Finding it increasingly difficult to get enough money to survive? Want to get some extra money for your family? Then perhaps you should consider selling products on eBay. [more...]

Date: 2009-10-01 09:02:47

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