PayPal sues Google for stealing its digital wallet technology

The Internet Search Engine Google is being sued by the online payment service PayPal over its plans to turn mobile phones into what it calls digital wallets. PayPal says two of its executives passed on trade...

Obama budget to cut $1.1 trillion in deficits

"President Obama on Monday will propose a 2012 federal budget that the White House says will cut deficits by $1.1 trillion over 10 years.The president's request calls for a mix of strategic spending to boost U.S. competitiveness and selective belt-tightening intended as a...

Russia and Ukraine 'sign oil transfer deal'

New Delhi: After a long crucial struggle Russia and Ukraine have reached a deal that avoid disruption of oil supplies to the EU. Moscow had agreed to a 30% increase in the transit tariff for oil piped to Europe...

Carol Ann Duffy is named first female Poet Laureate

As Andrew Motion comes to the end of his term as Poet Laureate it appears hotly tipped Manchester based Carol Anne Duffy will step into his shoes. " Carol Ann Duffy is to be named as the new Poet Laureate, the first woman to be appointed in the 341-year history of the post. ...

Banks and Consumers Brace for New Credit Card Rules

The US credit card industry may face a day of reckoning on Thursday. "The Federal Reserve is to vote on credit card reforms that may bring some relief to customers who face a variety of ways for being hit with late...

Employers cut 533K jobs in Nov., most in 34 years

"Employers cut 533K jobs in Nov., most in 34 years Dec 5, 2008 Economy Dec 5, 3:22 PM (ET) By JEANNINE AVERSA WASHINGTON (AP) - Skittish employers slashed 533,000 jobs in November, the most in 34 years,...

How to cut your hydro bill by 22%

This seems like a timely piece."Today I got my Hydro bill. The regular monthly payment has been cut by $10. The previous amount was set by the consumption of the previous owner. I have not replaced any of the major electrical appliances and I heat the house and the hot...

Solving the Foreclosure Crisis – How can we fix the process?

"As discussed previously, the pooling and servicing agreement requires the servicer to forward payment to the securitized trust regardless of whether the borrower is making the mortgage payment.  This must continue until the loan is removed from the trust, and that can...

Obama's "Revitalize the Economy" Agenda

"Obama's "Revitalize the Economy" Agenda According to Barack Obama's transition web site, the number ONE issue that the Obama administration will address is "Revitalize the Economy".The step-by-step plan on how to do it has also been outlined. I hope this level of...

Ecuador to miss $30.6 million foreign debt payment

"QUITO, Ecuador (AP) - Ecuador will delay a $30.6 million interest payment on its foreign debt while it investigates signs of lawbreaking in the contracts, the finance minister said Friday, prompting a quick...

How to protect yourself in a recession

"Here are some things you can do to protect yourself in a recession:Debt: The government, and Americans as a whole are carrying large sums of debt. The fact is that you can't get to prosperity by borrowing. However, that has not stopped the federal government from increasing...

Pakistan Prime Minister Yousuf Gilani okays IMF bailout package

"Pakistan Prime Minister Yousuf Gilani has given the green signal to finalise details of an economic bailout package with the International Monetary Fund and a six-member delegation will leave for Dubai next week to negotiate, official sources said here yesterday. Adviser on...

Obama illegally took, "Speaker Fees" while in the General Assembly

"Joe and Barack's Tax Problems. I was stunned to see some document showing Joe the Plumbers' tax problems on my 10pm (CT)newscast on the local NBC affiliate in Chicago on Thursday night. They have very little...

£10m Bid for Iceland on E-Bay

A WAG has offered Iceland for sale on E-Bay with a starting bid of -99p.    " Bidding started at 99 pence but had reached 10 million pounds by mid-morning on Friday. Globally renowned singer Bjork...

Johnny Depp to Earn £32 million for Fourth ‘Pirates of the Caribbean' film

Johnny Depp is set to hold the record for the largest upfront payment in film history with an unprecedented $56million for his role as Captain Jack Sparrow in the fourth Pirates of the Caribbean film. Forbes...
 

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