US dollar set to be eclipsed, World Bank president predicts
Flashback: Bilderberg Wants Global Currency Now | Dollar to fall under scrutiny at G20 summit | IMF approves $13bn gold sale to boost lending fund | UN wants new global currency to replace dollar | G20 agrees to continue economic stimulus measures; Geithner shops international reserve accord | China Set to Buy $50 Billion in IMF Notes | Medvedev Unveils “World Currency” Coin At G8 | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister [more...]
Date: 2009-09-28 23:29:59
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Is a new deal on climate change closer or further away?
Everyone seems to be agreed that a new global climate change deal at Copenhagen is essential and that the chances of success are balanced on a knife edge. And yet there are some mixed signals coming through. On the one hand we hear that China is signing up to new carbon 'reduction' pledges at the G20. Whilst the pledge is not ideal (it is to reduce the carbon output per unit of GDP, rather than actual reductions) it is nevertheless a huge step forward for the worlds biggest carbon emitter. [more...]
Date: 2009-09-28 14:23:00
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
Four challenges in Pittsburgh for the G20
Guest Author: Uri Dadush, Carnegie Endowment The Great Financial Crisis is far from over, but a stimulus-triggered recovery is now taking hold. The contours of the post-crisis economy are already emerging—from the sharply rising public debt levels in most industrial countries to the severely impaired balance sheets of banks and households in countries at the epicenter of the banking disaster, including the United States, the UK, and several smaller European countries. [more...]
Date: 2009-09-24 00:00:02
What's Xerox buying?
Xerox Corp. (NYSE:XRX) shares were down about 18% Monday afternoon on news of its $8.4 billion acquisition (includes debt) of document and business process outsourcing company Affiliated Computer Services Inc. (NYSE:ACS). ACS shares were up about 12% after soaring as much as 26%. Recently appointed Xerox CEO Ursula Burns said in an interview with CNBC (video below) she is very comfortable with the acquisition and the market just needs time to digest the acquisition. [more...]
Date: 2009-09-28 16:57:39
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
UK Tenant loans: Great Monetary Aid For The Tenant
When financial requirements are small and urgent people usually prefer to avail funds through unsecured loans. But the main issue is getting funds without any collateral is sounds really difficult. Generally, lenders first ask you to submit collateral against the amount then accordingly they’ll approve your loan application. Due to this reason tenants and non-homeowner can’t able to apply for loans. [more...]
Date: 2009-09-28 11:22:47
Pound Sterling Depreciation
Despite a 10% appreciation in the first half of 2009, at the end of June 2009 the £Exchange Rate Index was around 20% lower than in August 2007. Since July, the Pound has weakened again. Why Is Pound Depreciating? Low Interest Rates 0.5% and prospect of interest rates staying low throughout next year. This makes the UK less attractive to deposit money. (less hot money flows) Bank of England suggesting low Pound is beneficial and they will not increase interest rates to protect pound. [more...]
Date: 2009-09-28 08:49:30
Need a Payday Loan? Important Tips are Here!
Do you looking for a same day payday loan? The financial help through a no fax payday loan will be a best option for you. Getting a loan on the same day of application is not that complicated because of the increase in payday loans available today. This will help you to manage your unexpected expenses without any delay. You don’t have to waste your time on faxing documents and proofs. If you are not getting approved by one lender, don’t be panic. You can try with other lenders. [more...]
Date: 2009-09-29 18:16:13
Financial News Update – 09/27/09
WORLD BANK PREZ WARNS OF DOLLAR RIVAL Social Security strained by early retirements Michigan faces govt. shutdown Unemployment rate for young explodes to 52.2% Risky business: States tax the rich at their peril MYC Mayor Bloomberg Calls for Federal Security Funds SurvivalBlog : Dollar under scrutiny at G20 summit Lost Vegas: Living Underground in Flood Tunnels. [more...]
Date: 2009-09-28 01:13:41
Mortgage approvals dip in August
The number of new mortgages approved, but not yet lent, has fallen for the first time in 10 months, according to figures from the Bank of England. In August there were 52,317 approvals, down slightly from 52,404 in July. The data adds to growing evidence that the recent revival in the property market may have reached a plateau. Other figures from the Bank showed that total personal debt grew again in August, after falling in July for the first time on record. [more...]
Date: 2009-09-29 11:16:54
Boeing Fails To Bring In Orders At The Paris Air Show
September 29, 2009 | By Jennifer McClelland In Finance | by Jennifer McClellandWith the Air France disaster still very fresh in everyone?s minds, especially those in Paris (where many of the fatalities were from), the Paris Air Show wasn?t the same display it typically is. With it being the 100th anniversary of the fair, it seems that the tragedy of Air France Flight 447 is in spite of everything weighing heavily on airlines.At the opening day of the Air Show, Boeing didn?t receive one [more...]
Date: 2009-09-29 16:09:20
Euro Telecom Giants Swap Numbers, Agree Mega Merger
Euro Telecom Giants Swap Numbers, Agree Mega Merger by Martin Denholm, Senior Editor It’s Friday night… French telecom firm Orange is standing at one corner of the bar, sipping a fine Bordeaux. Its German rival T-Mobile is propped up at the other, slugging down a hearty Hefeweizen. Their eyes lock. The deal is on. Before you know it, the two have swapped numbers and arranged to get together. [more...]
Date: 2009-09-29 20:54:03
DVD’s I Bought This Week: January 6th
A wise man once said “It’s not just about seeing Star Wars two weeks before everyone else ... to put myself further in debt every week. Pineapple Express The Pitch: A stoner/buddy cop ... to his psychologist as a form of payment. Buy it and enjoy it, enough said. Blu-ray Available: No Secret Diary [more...]
Date: 2009-01-07 16:01:33
GLG Partners Said to Launch Distressed Fund
It appears that GLG Partners is the latest hedge fund to jump on the distressed investing bandwagon. According to The Financial Times, the London hedge fund has launched a new fund to buy up debt in troubled U.K. and European companies.The new fund already manages about $300 million of clients’ money and began trading earlier this month, the newspaper said, citing people familiar with the situation.Go to Article from The Financial Times » [more...]
Date: 2009-09-29 08:43:18
Royal Bank of Scotland Wins a Buyout-Lending Crown
Toby Lewis, of Financial News, files this dispatch on how one bank that received government funds is lending, but to buyouts. Financial News is a Dow Jones publication and a contributor to Deal Journal. U.K. state-backed ... attributed to those businesses incurring too much debt as part of leveraged buy-outs and recaps.” [more...]
Date: 2009-01-07 14:51:22
Royal Bank of Scotland Wins a Buyout-Lending Crown
Toby Lewis, of Financial News, files this dispatch on how one bank that received government funds is lending, but to buyouts. Financial News is a Dow Jones publication and a contributor to Deal Journal. U.K. state-backed ... attributed to those businesses incurring too much debt as part of leveraged buy-outs and recaps.” [more...]
Date: 2009-01-07 17:50:00
Inspired by People Accomplishing Personal Victories
Without a doubt one of my favorite parts of participating in the personal finance blog arena is reading the great stories of people that have awakened to the lunacy of carrying lots of debt and have changed their habits to grab hold ... sending him a note sincerely congratulating him when he paid off his last debt. I really felt happy [more...]
Date: 2009-01-15 13:00:25
Here Are Some M&A Stalwarts With Something to Prove in 2009
The market turmoil has reshaped the financial landscape. Financial News, a Dow Jones publication and a contributor to Deal Journal, looks at some individuals entering a make-or-break period following the maelstrom of 2008: Mark Aedy The acquisition of Merrill Lynch by Bank of America will put its commitment to European investment banking to the [more...]
Date: 2009-01-05 15:45:58
Here Are Some M&A Stalwarts With Something to Prove in 2009
The market turmoil has reshaped the financial landscape. Financial News, a Dow Jones publication and a contributor to Deal Journal, looks at some individuals entering a make-or-break period following the maelstrom of 2008: Mark Aedy The acquisition of Merrill Lynch by Bank of America will put its commitment to European investment banking to the [more...]
Date: 2009-01-05 18:44:00
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
Expected Family Contribution - The Key Target When Saving For College
One of the great things about not having children is that you can make comments on the way other people raise theirs with basically no comeuppance ... : Government Institution Family (including the student) and there are two main types: Money ... (student and parents) — the EFC (expected family contribution). If the cost of tuition is more than [more...]
Date: 2009-01-06 02:17:35
Wheel Barrow Based Monetary Policy
Anatole Kaletsky, who incidentally has been telling his readers to buy shares for two years, has flipped ... more money or buy government and corporate debt so that long term interest rates fall. Quantitative ... money), holding gold will be insurance as much as an investment. The economic prospect [more...]
Date: 2009-01-08 09:46:43
Folly of relying on corporate banking sector for money supply into society
The following letter by Alistair McConnachie, editor of Prosperity UK was the lead letter in The Scotsman newspaper on Monday 12 January 2009, ... people, in order to provide our economy with new money, demonstrates the reality of our debt-based ... into our society (”So what if nothing works?” 9 Jan).The real solution lies in enabling the Bank of England [more...]
Date: 2009-01-15 14:55:54
Re-coupled Vengence: From Downturn to Implosion Risks ?
We've spent a bunch of time on the US economic outlook and the news, as you'd expect, continues to move from bad to worse ... the shallowness of the analysts involved grasp. But that's no longer the problem. Accelerating worldwide ... for the European schadenfreude that this was "just" a US problem. Developing Countries They also issued [more...]
Date: 2009-01-15 21:20:15
UK’s Marks and Spencer to sack 1,000 employees
UK fashion retailer Marks and Spencer will announce the sacking of 1,000 employees tomorrow after experiencing dire Christmas trading ... have had an emergency restructuring team sent in from Deloitte. According to The Times, these stores employ ... its three billion pound debt. Unemployment is now rising at a faster rate than during the 1990s [more...]
Date: 2009-01-06 10:33:19
Get the new car with a taxpayer funded loan
Brown and Darling have gone mad, surely?The idea that they are borrowing £trillions and charging the cost to us is bad enough, but to then offer the same money back to us in the form of a loan is not just bizarre it’s almost ... in South Shields, can no longer afforded the loan repayments on their current vehicle, as many [more...]
Date: 2009-01-15 09:19:15
Free lunch? - What does UK government funding mean to startups?
This is a guest post by Nick Halstead, CEO and founder of fav.or.it As I am in the midst of raising another round of funding for fav.or ... your Intellectual Property. The problem though is that since the beginning of the credit crunch the Banks ... up to £1.3bn of new lending by banks.’ However, there is one BIG problem, the banks still do not want [more...]
Date: 2009-01-15 09:25:59
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
Reverse Mortgages - a Reversal of the Mortgage Process
Mortgages have assumed a number of characters from the time of their inception. The traditional mortgages used to be of the repayment type ... of the home. The borrower has no obligation to repay the loan as long as he continues to reside ... , for which he receives no payment. This means that the debt goes on increasing. Simultaneously the equity [more...]
Date: 2009-01-15 16:06:33
Gordon's Big Porkie
At PMQs Gordon told Dave that around the world "no one except him is proposing we cut public spending at this time" ... on government debt within the next five years. If government spending is not controlled, Gordon really ... : Cameron was wading into the VAT reduction (at a national cost of £12bn it's giving two packets of crisps [more...]
Date: 2009-01-14 08:29:06
How the credit card industry is set to change
The credit card industry has found itself in the news on a number of occasions over the past year or two for one reason or another, ... that in cases where the borrower falls behind with repayments no debt recovery action will be taken for at least sixty days providing the borrower is working with a debt management advisor in a bid [more...]
Date: 2009-01-15 07:00:33
Gates of Vienna News Feed 1/6/2009
Tuan Jim sends an string of important news articles about the gas pipeline crisis caused by the deadlock between Russia and Ukraine. He notes that the affected countries are dusting off alternative sources of energy — fuel oil and nuclear reactors — for electricity generation.Thanks to AA, Abu Elvis, C [more...]
Date: 2009-01-07 04:50:00
German Exports And New Orders Slump In November
Yesterday we learnt that German unemployment was, unfortunately, back on the rise, while today we get to see one of the principal reasons for the uptick. German exports fell back at a record rate in November - in fact seasonally and working day adjusted current-price sales exports fell back 10.6 percent from October (when they declined 0 [more...]
Date: 2009-01-08 11:40:57
Profits based on high borrowing, big UK business says report
The Financial Times reports that “More than half the profits from some of the UK’s biggest recent private equity deals were generated by high levels of debt, while less than a fifth came from operational improvements at the underlying companies,” based on a new report on the performance of private equity portfolio companies that was issued under [more...]
Date: 2009-01-14 12:12:43
Guest Post: Obama Plan Is Bold, but Not Bold Enough
As details emerge about the incoming Obama administration’s stimulus plans, Peter Boone and Simon Johnson argue that proposals should be even bolder. Boone is chairman of Effective Intervention, a U.K.-based charity, and a research associate at the Centre for Economic Performance, London School of Economics, [more...]
Date: 2009-01-07 09:09:48
Time to reform the Consumer Credit Act?
Iain Dale has posted about a report that has been released by Grant Shapps called "Payday for Loan Sharks" ... it's worth taking a step back here for a second and clarifying something, these people are not loan sharks. Loan sharks break your legs when you don't pay. These people are bastards, absolute bastards [more...]
Date: 2009-01-09 09:48:38
Guest Post: Time to Recapitalize Banks Fully
As debate continues over the release of the second half of the Treasury Department’s Troubled Asset Relief Program, Peter Boone and Simon Johnson argue that it’s time to stop taking half steps and make sweeping moves to fight bank insolvency. Boone is chairman of Effective Intervention, a U.K [more...]
Date: 2009-01-15 11:47:00
Truthout 1/15
Justice Dept.: Missing White House Emails Found http://www.truthout.org/011509A R. Jeffrey Smith, The Washington Post: "A Justice Department lawyer told a federal judge yesterday that the Bush administration will meet its legal requirement to transfer e-mails to the National Archives after spending more than $10 million to locate 14 million [more...]
Date: 2009-01-15 14:33:03
Portugal Sustains
“Art has a function of teaching about the human condition. We live in hope, hope is fundamental” - Manoel de Oliveira Manoel de Oliveira (photo and quote above) is a living example for the Potuguese people of how to force their way out of the low growth/low per capita income trap into which they have steadily stuck their neck [more...]
Date: 2009-01-12 14:37:23
Submerging Markets - Catching Down to the US
Let's take some time out from lamenting the dour economic news at home, the sense of betrayal we all feel by the collective gods of Wall Street, captains of industry and frauds of our country (Madoff, this means you), and take some solace in the fact that we're not the only ones who %&*(#@!^'d up royally [more...]
Date: 2009-01-15 18:08:12
Gala Group Closes Another Bingo Club
The Gala Group , which is overburdened with debts much to the chagrin of its lenders and supporters, has shut down yet another bingo hall, the ninth bingo hall to be closed down by the company this year. In all, the debt-ridden company has shut down 9 bingo clubs across the UK. The recently closed online bingo club is in Dudley of West Midlands. Gala Group is the owner of a chain of casinos called Gala and a chain of betting shops called Coral. [more...]
Date: 2009-09-28 23:53:26
Prostitution In UK: Libido, Exploitation & Law
Prostitution In UK: Libido, Exploitation & Law November 20th, 2008 By SWARAAJ CHAUHAN, International Columnist Pg_16_sex_rex_86354t.jpg ... a woman who is addicted to drugs and is being offered for sex to clear her debt with her dealer. Police ... sandwiches and giving them advice. Most won’t be able to find other jobs; they will be forced [more...]
Date: 2008-11-20 10:00:53
Quantitative easing: the case for ‘printing money’
‘Brown plans to print more money’ was the front-page headline on tonight’s Evening Standard, ... or buy government and corporate debt so that long term interest rates fall. Quantitative easing ... point up the hyper-inflation of Weimar Germany, while Mason pointed out that comparisons with Zimbabwe [more...]
Date: 2009-01-08 00:08:59
85% of young people oppose increase in tuition fees
The “top up fees generation”, many of whom are voting for the first time in the upcoming election, are “crucial” to any party wishing to retain seats in Parliament, according to the Universities and Colleges Union (UCU). A staggering 85% of 18-24 oppose an increase in student tuition fees, with just 5% in favour according to a poll conducted by YouGov for the UCU. [more...]
Date: 2009-09-28 16:12:18
Posts about Tri-State Real Estate (FL, GA and AL) as of January 14, 2009
Best Times to Buy - martinezglobal.typepad.com 01/14/2009 A Conventional wisdom says that you need to stay in a home a minimum of five years to ensure that you recoup your purchasing costs … widely from region to region in recent years. While the Florida market has seen meteoric rises in home values, [more...]
Date: 2009-01-14 14:24:36
Tenant Loans - Tenants Only Resort
As if the problems of tenancies were not enough that loan providers too have started treating tenants in a step motherly fashion. Such is the indifference of loan providers that it appears as though loan opportunities are all shut for the tenants. Since they do not have a home of their own, tenants are often eyed with suspicion [more...]
Date: 2009-01-15 22:31:49
The Green shoots Baroness is a disaster for what she does more than for what she says
The Opposition will continue to remind people of the insensitive remarks of Baroness Vadera, ... , private equity injections, demergers and other methods of challenging and changing management ... into base metal. Why on earth didn’t she suggest short term Bank of England loans against security [more...]
Date: 2009-01-15 10:36:43
By Way Of Saying Thank You..To PJC Journal-For the use of information gathered there…..
As 2008 draws to a close, I take pride in being able to offer the first New Years message from the Libertarian Party.This is the first year that the Libertarian Party in the UK has been in operation, having launched ... , rubber stamped by Westminster is also increasing, making UK business and industry less and less [more...]
Date: 2009-01-14 14:40:10
Premiers to press Harper for infrastructure boost
“We want to get those shovels in the ground sooner rather than later,” Ontario Premier Dalton McGuinty said. “We don’t want the recession to be over by the time we get infrastructure dollars spent.” Indeed, that would be disastrous. But, hey, money grows on trees, right? Spend away [more...]
Date: 2009-01-15 20:12:27
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