By Tara Evans PUBLISHED: 06:14 EST, 21 May 2012 | UPDATED: 16:26 EST, 21 May 2012 The squeeze on people’s spending power continued in April, with wages rising at the slowest pace for more than a year and by less than half as fast as the price of essential items. The official rate of inflation [...]
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Drachma scarecrows and the Myths of Greek Exit
We keep hearing that Greece cannot impose exchange and capital controls – as Iceland did – to contain the damage from Drachma Day, restore stability, and prevent a devaluation overshoot. We hear too that Greece would have to leave the EU if it is ejected from/withdraws from the euro. Both assertions are wrong. The European [...]
Iran finance minister: 'Rest assured' record oil prices over nuclear sanctions
(CNN) — Iran’s finance minister believes oil prices could rise as high as $160 a barrel thanks to sanctions over its nuclear program, a prediction that comes just as the chief of the United Nations nuclear watchdog agency headed to Tehran on Sunday for high-level talks. “We must pay close attention when we speak of [...]
London Whale Harpoons Financial Markets
This morning, all of the major stock indexes around the world are trading lower. The catalyst for the decline comes as JP Morgan Chase & Co (NYSE:JPM) reports a $ 2 billion trading loss caused by the a trader known as the “London Whale.” Traders are now wondering if other firms have similar trading losses [...]
Are Finance Guys Losing Their Mojo on a Dating Scene?
It’s tough to tell when an internet materialisation reaches tangible meme status. But, in a box of a “creepy financial guy,” we consider we can finally call it. This week saw nonetheless another jaw-dropping story of Wall Street prattishness, this time in a form of a post-date survey. Yep, a financial dude went on a [...]
Shell ‘must act on oil spills’ in a Niger Delta, contend campaigners
By Rob Davies PUBLISHED: 16:22 EST, 20 May 2012 | UPDATED: 16:22 EST, 20 May 2012 Shell is nutritious uninformed reputational repairs over a purpose in oil spills in a Niger Delta,ahead of a annual assembly tomorrow. Campaign organisation Amnesty International has enlisted actor Hakeem Kae-Kazim,star of TV array 24 and a film Hotel Rwanda, [...]
Retailers strike by Apr showers as high travel sales see misfortune decrease given Nov 2009
By Daily Mail Reporter PUBLISHED: 16:24 EST, 20 May 2012 | UPDATED: 16:24 EST, 20 May 2012 Incessant sleet during Apr kept consumers at home causing Britain’s high streets to knowledge a misfortune decrease in shopper numbers given Nov 2009, according to a news by a British Retail Consortium. The joyless information precedes full-year sum tomorrow [...]
Canny financial planners prepare for post-FOFA world | Money Management
By Money Management Financial planners may well be resistant to the Government’s two-year opt-in, but many are already putting in place the paperwork necessary to establish the arrangement with their clients. For the latest financial services and investment management news and analysis go to www.moneymanagement.com.au You can also connect with Money Management on iPad (http [...]
100% financing with USDA
Buying a home in or near South Bend, IN? This YouTube Channel will help you learn some of the foundational things a homebuyer should know. In this video, we’ll discuss the benefits and limits of USDA financing. To access the property eligibility site, go to: eligibility.sc.egov.usda.gov To access the income eligibility site, go to: eligibility.sc.egov.usda.gov [...]