BlackBerry agrees to share India user data to avoid ban

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adsinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.com BLACKBERRY-maker Research in Motion (RIM) yesterday caved in to demands to provide security services partial access to its users’ information in India.The firm has been under pressure to share encrypted information since terrorists in Mumbai allegedly used smartphones to plan their attack.UAE recently reacted by threatening to force mobile networks to ban BlackBerry’s email and Messenger services.An eleventh-hour deal saved a ban coming into play in neighbouring Saudi Arabia and now RIM appears to have caved in to pressure in one of its fastest growing markets.A RIM spokesman declined to comment on the developments. The firm maintains it will continue to defend its users’ data within the law of the countries it operates in. KCS-content Share Monday 16 August 2010 7:53 pm whatsappcenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapp BlackBerry agrees to share India user data to avoid ban Show Comments ▼ Tags: NULLlast_img read more

BID WAR BREAKS OUT AT LEHMAN ART SALE

first_img KCS-content BID WAR BREAKS OUT AT LEHMAN ART SALE More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp BIDDERS clamoured yesterday afternoon to snap up a piece of banking history, as the art collection from the UK offices of failed bank Lehman Brothers went under the hammer at Christie’s.The most frenzied bidding took place at the beginning of the auction, organised by administrators PwC, when the name sign from the bank’s reception and a plaque for the opening of the Canary Wharf office were offered up for sale.Despite the auctioneers expecting the two lots to go for a measly couple of grand each, the reception sign fetched £34,000 and the plaque £23,000, as over 350 people registered their interest both in the auction room and online.All in all, the auction – including pieces by sculptor Antony Gormley and artist Gary Hume – raised £1.3m, matching the sale’s high estimate (though it’s a drop in the pond compared to the billions owed to creditors). Only two out of 302 lots remained unsold at the end of the day, while one additional lot is still up for sale at a separate auction in a couple of weeks’ time – a photograph by German visual artist Andreas Gursky, expected to fetch up to £150,000.ROBOT WARSIt was back to the future for a City chum recently, as he turned up to a meeting at Santander’s headquarters in Spain to be greeted by a rather unusual welcome party.Over there, you see, bankers don’t have to pause from their work to complete such mundane tasks as picking up guests from reception. Instead, the bank actually has an army of robots – I kid you not – to welcome visitors and escort them to the office of whoever they came to see.Excited by the news, The Capitalist rang up Santander’s UK operations to find out if the futuristic little chaps are coming to Blighty any time soon, to grace the halls of its Triton Square building. Sadly, they’re not – it looks like we’re going to be stuck in the present day just a little while longer.GET WELL SOONA piece of extremely painful news reaches The Capitalist regarding Tony Pullinger, deputy director general of the Takeover Panel.Poor Pullinger was driving near his home a few weeks back when another car careered into the side of him, leaving him with gruesome-sounding foot injuries, two broken ankles and a broken arm.His fellow Panel deputy director general Charlie Crawshay tells me it’s not clear when Pullinger will be back in the office, though he’s soldiering on regardless with his work load from home (“His brain is working, his red pen is working and the telephone is working,” he says, wryly.)Here’s wishing the valiant fellow all the best for a speedy recovery.ROYAL BUTCHERTo the Guildhall yesterday, where Alderman Michael Bear was appointed as the next Lord Mayor of the City of London, to take up office in mid-November (see our story on page 16). In among the ceremonial huffing and puffing was a heartfelt vote of thanks to current Lord Mayor Nick Anstee from HRH Princess Anne, highlighting the work he has put in over the past year as an ambassador for the financial services sector, often speaking out as something of a lone voice championing the City.Curiously, I’m told the Princess was not actually speaking in her Royal capacity but as a representative of Anstee’s own livery company, of which she has been elected a master – the Worshipful Company of Butchers.WOMEN FROM VENUSTo the Canary Wharf offices of Barclays yesterday evening for the launch of SmartWoman – a new initiative coined by head of investments Barbara-Ann King to get women more interested in personal finance.King has two plans to inspire women – a website, www.barclayssmartwoman.co.uk, which aims to get ladies to sign up and become a financial community, advising and welcoming each other – and a glossy magazine, which combines the above with the stories of inspirational women such as Michelle Mone, the founder of Ultimo lingerie and first cover star.“Women run businesses, hold down high-powered jobs and manage household expenses like pros,” King says, “but for some reason they are not engaging in personal finance. If you look at the way financial literature is presented, it’s usually very dry and completely different to the way women communicate – I wanted to test that and see if, when it’s communicated differently, personal finance can become part of women’s lifestyle…”HIGH DRAMAFive minutes of fame late last night for a bunch of legal eagles from Berwin Leighton Paisner, trying their hand at the Hollywood lifestyle.OK, that’s a bit of an exaggeration – the litigation lawyers in question, partners Simon Clark and Ian De Freitas, associate director Gavin Llewellyn and IP attorney Louisa Fielding, were all just extras in the film, alongside Tamara Quinn and Sarah Monk, who work for BLP’s freelance lawyer scheme Lawyers on Demand.Still, the lot of them were to be seen popping up all over the BBC1 screening of “French Film”, a comedy directed by Jackie Oudney, from drinking at cocktail parties to coming up an escalator on the Tube.PLAYING THE GAMEKudos for rugby player Ben Cohen, who I hear has been busy trading the financial markets with a spread betting account from City Index, as a novel way of making money for charity. Apparently, Cohen rapidly turned his starting pot of £5,000 into £5,700 – setting the bar high for the next celebrity to have a go, actor and comedian Bill Nighy. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comcenter_img Share Wednesday 29 September 2010 10:16 pm Show Comments ▼ Tags: NULL whatsapplast_img read more

Tate & Lyle in upbeat trading

first_img Show Comments ▼ whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULL John Dunne Thursday 30 September 2010 2:44 amcenter_img Tate & Lyle in upbeat trading whatsapp Share Sweetener and starches maker Tate & Lyle said its encouraging start to the year continued into its second quarter giving it confidence it will make progress in its full financial year.The London-based group progress said growth in its speciality sweeteners and starches remained steady, volume growth for its sucralose sweetener Splenda was robust, while industrial starches and ethanol saw more difficult conditions.“The encouraging start to the year has continued in the second quarter, particularly within Speciality Food Ingredients, with good operating performance and solid demand in a number of our markets,” said Chief Executive Javed Ahmed.“This underpins our confident that we will make progress in the full financial year,” he added in a trading statement.The group was giving an update for its first-half (April-September) trading ahead of half year results in early November.The group added it was completing the sale of its EU sugar refining operations. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaylast_img read more

Resolution to buy Bupa unit for £102m

first_img John Dunne Resolution to buy Bupa unit for £102m whatsapp Friday 15 October 2010 2:55 am whatsapp Sharecenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald INSURANCE buyout vehicle Resolution will buy Bupa Health Assurance for around £102m as Resolution continues to snap up assets in the sector and broaden its product range.The acquisition of Bupa Health Assurance follows hot on the heels of Resolution’s takeovers of AXA’s UK life insurance arm earlier this year and last year’s purchase of Friends Provident.Bupa Health Assurance, part of one of Britain’s best-known private healthcare companies, had 309 million pounds of assets at the end of 2009 and has ties with more than 20,000 independent financial advisers.Resolution said that the acquisition would boost its earnings and added it could extract cost savings from the deal.“This acquisition will strengthen our group risk business product range and improve the profitability of our Individual Protection business,” said Trevor Matthews, the chief executive of Resolution’s Friends Provident insurance arm. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

BETWEEN MURDOCH AND A VERY HARD PLACE

first_img Show Comments ▼ FINALLY! A chance for harried BSkyB chief executive Jeremy Darroch to let his hair down: the Sky Christmas party – or “Winter Reception” – invites have been issued, the balloons blown up, the goose cooked. And it will be a well-deserved rest. The Capitalist hears that Darroch has had a stressful few weeks in the limbo surrounding News Corporation’s attempt to buy out the rest of the Sky. News Corp is keen to expand beyond its 39 per cent stake but its attempts have so far been stymied by pesky regulators.So Darroch faces an unusual quandary: does he try to maximise profits and increase the company’s stock price, thereby aggravating his main shareholder by upping the amount it will have to stump up for the rest of the company? Or does he keep a lid on growth and face the wrath of the other 61 per cent of investors?Never has just doing one’s best for the firm seemed so complicated. BARE ESSENTIALSEvery merger brings its trials, from the lawyers’ fees to the “social issues”, but top of the pile is surely what to name the resulting hybrid. Luckily, the honchos over at Essenta have taken the bull by the horns. Essenta itself is a merged version of Northern Foods and Greencore – so what’s with the brand new branding.Chief financial officer Simon Herrick was kind enough to satisfy my curiosity: “The name is derived from ‘essential’ and ‘essence’, which are two words that play to the quality of our food,” he said. So what kind of essential food does he mean? Well, Goodfella’s Pizza, Bisto, Aunt Bessie’s… all essential, in their own way. But there might be another reason: “It’s very difficult to find a name that nobody else has already used, to be frank,” Herrick admitted. CUNNING AS FOXROLL up for the most anticipated Christmas bash of the season. Not a soiree, that is, but a chance for some of the loudest mouths in media to bash one another’s employers in a BBC-hosted panel entitled “The future of news: BBC, Fox or a third way?”To be chaired by Nick Robinson, the debate is to feature BBC director general Mark Thompson, head of news for Channel 4 Dorothy Byrne, NewsWatch’s Raymond Snoddy and, to keep the discussion on the straight and narrow, former Sun editor Kelvin MacKenzie.MacKenzie is known for offering generous doses of his florid prose to all who will listen, so I wondered how the hack fancies his chances against a panel including a woman known for inviting Iranian President Ahmadinejad to deliver Channel 4’s Christmas message.MacKenzie isn’t too ruffled, it turns out. “Mr Thompson has a large brain,” he said, “but a small public speaking ability. I am the exact reverse.”The secret of getting applause on Question Time revealed.VOODOO CASHTired of sitting on all that amassed company capital? Luckily, Capital Alternatives has found a more fun way for you to store it than using an exchange-traded fund with a long name. The firm is selling a collection of Elvis Presley memorabilia that includes a cigar actually smoked by the King himself. Or if Presley isn’t your cup of tea, try a visit to Bonhams on 15 December, where one of Jimi Hendrix’s surviving guitars will set you back an estimated £80,000-£120,000. That ought to take care of some of the cash and as for the rest, did someone say Potash Corp? More From Our Partners Puffer fish snaps a selfie with lucky divernypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Wednesday 17 November 2010 8:38 pm KCS-content BETWEEN MURDOCH AND A VERY HARD PLACE whatsapp Share whatsapp Tags: NULLlast_img read more

JPMorgan tops brokers poll

first_img whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Tags: NULL KCS-content Sharecenter_img JPMORGAN Cazenove has proved its worth as a broker, banker and adviser over the past five years, new analysis showed yesterday.The bank has stayed in pole position from its 2005 ranking to lead the November 2010 table of stockbrokers and advisers, as well as stockbroking rankings for FTSE100, FTSE250 and small cap clients produced by data provider Hemscott. It also retained client numbers, holding a total of 251 companies in November 2010 – considerably above its nearest competitor, Numis Securities, which now has 124. The tables, in the five-year anniversary edition of the Hemscott Corporate Adviser Rankings Guide, show several new houses in the top five leading positions. Numis, Cenkos and Investec Securities all added more than 20 clients between November 2005 and November 2010, to jump at least ten places apiece in the rankings. Cenkos registered the biggest leap, growing from 11 clients in 2005 to 102 this year, to go from an unranked position to number three. In contrast, Seymour Pierce and UBS saw large client outflows and tied at fifth place with RBS Hoare Govett, with 82 clients each.In the adviser rankings, four of the top five firms saw client numbers rise substantially. Cenkos moved most from an unranked position to tied third place by growing its client base from seven to 71 in the period, while Arbuthnot Securities also added 40 clients. Morgan Stanley showed significant gains in advising FTSE100 clients, rising from 12th place in 2005 to tie in second place with Bank of America Merrill Lynch this year. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Monday 13 December 2010 8:25 pm whatsapp JPMorgan tops brokers poll last_img read more

GO OUTDOORS SALES CLIMB

first_img Tags: NULL KCS-content whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndo GO OUTDOORS SALES CLIMB Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proofcenter_img RETAILER GO Outdoors posted sales of £114.9m for the 52 weeks ending 30 January – up 57 per cent on the previous year. The retailer stocks brands including Berghaus and North Face as well as its own lines. It has 27 superstores across the UK and is planning to open a further ten this year with a target of 50 by 2012. whatsapp Share Show Comments ▼ Thursday 3 February 2011 7:36 pmlast_img read more

The top ten real causes of the crisis

first_imgWednesday 9 February 2011 8:49 pm The top ten real causes of the crisis KCS-content Tags: NULL Show Comments ▼ Share whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp IN the end, Merlin turned out a damp squib. This is goodish news, because the deal is based on a faulty interpretation of the crisis. Here are the ten most important causes of our problems.1) Loose, ultra-interventionist monetary policy from central banks that kept stepping in whenever growth slowed or the stock market fell. Interest rates were kept too low; the belief was that as long as consumer prices didn’t surge, the economy would be stable. The money supply and credit exploded, and investors became complacent, fuelling bubbles. 2) Global imbalances, exacerbated by government intervention: nationalised savings, forex manipulation and sovereign wealth funds in China, Japan and the Middle East, combined with unfunded state pensions and profligate governments in the West. Asia did all the saving and financed budget and trade deficits in the West, which spent too much and didn’t produce enough. Asia purchased trillions of Western assets, especially bonds, pushing down yields and pumping the world full of cheap money. 3) There was no bankruptcy code for failed multinational banking groups. Regulatory stupidity meant that they were treated like ordinary firms: the choice was either a disorganised collapse, or a bail-out. Other network industries – airports, nuclear plants – have long operated under special bankruptcy codes, ensuring an orderly wind-down and handover of assets. Unlike every other private businesses, big banks knew they would never be allowed to go bust. So they took too many risks and leveraged themselves to the hilt, to maximise returns on capital (and hence profit and pay); while lending criteria were slowly loosened.4) Bondholders knew they would be bailed out. This meant that shareholders had access to cheap, state-insured credit. This promoted leverage to maximise upside; debtholders didn’t care. 5) Depositors knew they would be bailed out by the state so didn’t monitor banks’ soundness. Property investors convinced themselves prices would never fall. Financially illiterate consumers borrowed recklessly.6) Intellectual errors concerning the modelling of risk, the power of diversification, default chances, complete markets, liquidity and the existence of bubbles. These were caused by the neo-classical general equilibrium paradigm prevalent in universities, central banks and the private sector. 7) One result of 6) was that firms were forced to follow mark-to-market accounting rules. Liquidity problems became a solvency crisis.8) As a result of 3)-7), institutions held insufficient capital and the wrong kind of capital, a problem compounded by off-balance sheet vehicles. These arrangements were all approved of by international regulators, the Basel accords and accounting rules. 9) US politicians’ promotion of homeownership among groups shunned by lenders. This involved legislation and the use of the state-chartered Fannie Mae and Freddie Mac to promote and securitise sub-prime mortgages. While dodgy loans were eventually embraced by Wall Street, their origin lay in Washington. 10) Other errors: AIG misused credit default swaps, writing insurance against losses yet not keeping enough capital to make good on its promises. Credit rating agencies – whose number was limited by regulators – failed miserably.None of these points are addressed by Merlin. It deserves to [email protected] me on Twitter: @allisterheath last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img KCS-content whatsapp FINANCIAL TIMESRIO PLANS RUSSIAN DIAMOND PUSH AS IT EYES ALROSA TIE-UPRio Tinto is planning a push into Russian diamond mining, eyeing a tie-up with Alrosa, the state-owned miner, as the global industry looks ahead to rising demand from China amid tight supply constraints. The company declined to comment on its intentions or on wider reports that Tom Albanese, chief executive, had travelled repeatedly over the past year to Russia, a country where Rio has no operations.UKAR TO SEEK MORTGAGES ADMIN ROLEUK Asset Resolution, the company charged with shrinking the troubled loan books of Northern rock and Bradford & Bingley is hoping to secure a future beyond winding down the £80bn portfolio by running mortgages for other lenders.EU PLANS FRESH TRANSPARENCY RULES Europe is set to impose mandatory transparency measures for ming and forestry companies, requiring them to detail their financial relationships with foreign governments, a top European Union official has told the Financial Times. In an interview, Michel Barnier, the EU internal market commissioner, said the move would come as Brussels revised existing rules on transparency in autumn.MILLER IN REFINANCE TALKS AS IT EYES FLOTATIONThe UK’s biggest privately owned housebuilding and construction company has started refinancing talks with its lenders in a move that paves the way for a possible stock market debut. Miller Group, which built 1,915 homes across the UK in 2010 and had sales of £631m, has been privately owned throughout its 77-year history, but appears to be considering a public listing.THE TIMESIMF CHIEF FEARS FISCAL CRISIS IF SOARING DEBT IS NOT REINED INWestern governments face a sharp surge in borrowing costs as their debt mountains hit the highest levels since the Second World War, the International Monetary Fund said yesterday. In a blunt speech, John Lipsky, the IMF’s first deputy managing director, said that advanced nations ran the risk of a “fiscal crisis”.THORNTONS SHRINKS PRODUCTS TO BATTLE COMMODITY PRICESThorntons has become the latest confectioner to shrink the size of its products to help to guard profits against ever higher commodity prices. The company has begun to reduce the weight of some of its inlaid box chocolates sold in supermarkets and its own shops, meaning that an average sized box contains one or two fewer chocolates.The Daily TelegraphMOST BRITONS DESCRIBE THEMSELVES AS MIDDLE CLASSMost Britons now claim to be middle class, as research shows that the proportion of people who describe themselves as working class has dropped to less than a quarter. Seven out of 10 people view themselves as belonging to middle Britain, compared with a quarter a generation ago. Only 24 per cent of people describe themselves as working class, according to the survey carried out by the new research company BritainThinks.SAFE NUCLEAR DOES EXIST AND CHINA IS LEADING THE WAY WITH THORIUMA few weeks before the tsunami struck Fukushima’s uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and cheaper network of reactors based on thorium.THE WALL STREET JOURNALEUROPEMETS OWNERS ACCUSE MADOFF TRUSTEE OF DISTORTING EVIDENCEThe owners of the New York Mets struck back at the trustee recovering money for Bernard Madoff’s victims late yesterday, accusing him in court of ignoring evidence and fabricating allegations that they overlooked warnings about the Ponzi scheme. Team owners Fred Wilpon and Saul Katz and their associates issued a 107-page response to the $1bn lawsuit filed by trustee Irving Picard. FERRERO MAY CONSIDER STAKE IN PARMALATItalian candy maker Ferrero is eyeing a potential investment in Parmalat as part of a push by Italy’s business and political establishment to keep the dairy firm, once at the centre of Europe’s biggest-ever corporate scandal, in Italian hands, according to Italian bankers. WHAT THE OTHER PAPERS SAY THIS MORNING Sunday 20 March 2011 11:51 pm center_img Share whatsapp Show Comments ▼ Tags: NULLlast_img read more

PROFANITY FAIR

first_imgWednesday 30 March 2011 8:24 pm whatsapp PROFANITY FAIR Tags: NULL More From Our Partners whatsapp Share Show Comments ▼ Microsoft co-founder Paul Allen (top left) claimed that Bill Gates tried to deprive him of shares in the technology giant in its heyday in the 1980s. In an excerpt of Allen’s memoirs in Vanity Fair, he claims Gates tried to cut him out of the company after he fell ill with cancer in 1982. Gates said in a statement that “my recollection of many of these events may differ from Paul’s”. KCS-content last_img