World Bank lowers China forecast

This is definitely a bad news for those hopefuls who were relying on the Chinese momentum of growth for the recovery of the world from the recession.The multiple level forecasting is just one more step in the...

Art for Alternative Asset's Sake

" Art for alternative asset's sake FORGET any romantic notion of artists happily starving in a draughty garret as they pursue their vocation. The latest generation are proving hard-headed about the commercial side of their business. Consider this missive from "Scotland's...

Fiscal conservatives unite- Fed has nothing to lose but its cover

While a lefty, I have to admit this last election cycle I really admired Ron Paul. Here was a crazy bastard who sounded like he took his job as a representative of the people seriously and didn't see it as just another resume builder on his way to employment as a lobbyist....

Waters Helped Bank Whose Stock She Once Owned

"By SUSAN SCHMIDT WASHINGTON -- When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to...

Personal Financial Stimulus Package

As Personal Savings Rise to 5%, Consumers Could be Making Up to 6% APR  According to the U.S. Commerce Department on Wednesday, the personal savings rate surged to 5% in January. As consumers frantically try to save their money as the economic outlook continues to look...

Bankes Bonus and More

The profession of Banker was long ago one of respect and high esteem, well-educated people and very knowledgeable. Not anymore we are observing now, inept top-managers misusing their trust and loyalty totally...

Band-Aid Still Stuck on Big Bailout Banks

" In September last year, the Bush regime left behind its old refrain that “the fundamentals of the economy are strong,” and went to Congress for a quick $700B to bail out collapsing banks stuck with toxic...

Bank to pump £75bn into economy

The Bank of England is to create £75bn of new money in an attempt to revive lending and the battered economy. Bank Governor Mervyn King said the policy - called quantitative easing - was about pumping money into...

Greek Prisoners Escape in Helicopter

    In a Hollywood like prison escape two of Greece's most notorious criminals flew out of the Korydallos prison in Athens, for the second time in three years. Paleokostas and Rizai were days away...

IRELAND: Named: four of Anglo’s ‘golden circle’

Gerry Gannon, Joe O’Reilly, Seamus Ross and Jerry Conlan, all very big Irish developers, are four of the 10 businessmen who secretly bought 10% of Anglo Irish Bank with the bank’s own cash. We still don't know...

A Swiss Bank Is Set to Open Its Secret Files

Swiss banking system is known for its secrecy and have been safe haven for keeping money from middle ages. But now secret hush hush world of swiss banking system is coming to an end. In a move which will herald a new...

ING Ending F1 Sponsorship

    ING Groep, the Dutch bank and insurance company, announced Monday that it will not be renewing its sponsorship with Formula One team Renault after 2009. This comes as a cost-cutting measure...

Indian Govt plans extra borrowing of $9.45 bln in FY 08/09

This year government will seek the mandate of public, and they do not want take any risk.Government of India is planning to raise $9.45 bln in year ending 08-09.The inflation is under control, an ticking around 4.5 this week.The rising prices was the major concern of the...

Bank of England Tells Female Staff How To Dress for Success

The Bank of England had their "Dress for Success" day earlier this week and sent out a memo to female employees outlining precisely what they should and should not be wearing to work.  This includes wearing...

Hamas 'would recognise' pre-1967 Israel

There are many bloggers propagandizing in the interests of the Israeli illegal settlers, bent on restricting the rights and freedom of the Palestinian people, fueling and supporting the war crimes which Israel has...

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