first_img KCS-content GEORGE Osborne’s era of austerity will hit the poorest the hardest, the Institute of Fiscal Studies (IFS) has claimed, casting doubt on the coalition’s “progressive” credentials. When he unveiled his emergency Budget in June, the chancellor insisted those with the “broadest shoulders” would carry the burden of tax hikes and welfare cuts, but new IFS analysis released today claims the measures are “regressive”. The IFS said the government’s decision to link benefits to the Consumer Price Index (CPI) rather than the Retail Prices Index would mean less generous benefits in the years ahead.It also said cuts to housing benefit and higher VAT would disproportionately hurt the poorest in society, while the middle classes will benefit most from plans to raise the income tax threshold. Although the richest 10 per cent will bear the brunt of measures announced in June’s Budget, the poorest fare worse than those on higher incomes. The poorest 60 per cent will lose between £450 and £510 a year by 2014, the IFS said, while higher earners will lose between £250 and £300 a year. An unemployed couple with children in the bottom 20 per cent of earners will lose 8.2 per cent of their annual income by 2014, the IFS said, while a couple without children in the top 20 per cent will lose just 0.48 per cent of their income. Last night, the Treasury moved quickly to dismiss the findings, insisting the IFS analysis was a “selective piece of work”. One official told City A.M. the IFS was “plain wrong”. A Treasury source said: “The IFS is selective, ignoring the pro-growth and employment effects of measures such as helping households move from benefits into work, and reductions in corporation tax.“In any event not taking action would have been regressive – burdening current and future taxpayers with the cost of economic failure.”But James Browne, author of the IFS report, told City A.M. he was “bemused” by government claims of partiality. “We’re just doing what the government has attempted to do by working out the distributional effects of the measures in the Budget.” Meanwhile Ed Balls, the Labour leadership contender, seized on the IFS report as proof the coalition was abandoning hard-pressed families.He said: “This Tory-Lib Dem Budget will see the poorest families with children lose more than any other group. This report is the final nail in the coffin for George Osborne’s claims to have delivered anything but the most regressive Budget in a generation.”But a Treasury source said: “We will take no lectures on fairness from a party that presided over a rise in child poverty and did not restore the pension-earnings link.” Tuesday 24 August 2010 8:44 pm Tags: NULL,Tuesday 24 August 2010 8:44 pm GEORGE Osborne’s era of austerity will hit the poorest the hardest, the Institute of Fiscal Studies (IFS) has claimed, casting doubt on the coalition’s “progressive” credentials. When he unveiled his emergency Budget in June, the chancellor insisted those with the “broadest shoulders” would carry the burden of tax hikes and welfare cuts, but new IFS analysis released today claims the measures are “regressive”. The IFS said the government’s decision to link benefits to the Consumer Price Index (CPI) rather than the Retail Prices Index would mean less generous benefits in the years ahead.It also said cuts to housing benefit and higher VAT would disproportionately hurt the poorest in society, while the middle classes will benefit most from plans to raise the income tax threshold. Although the richest 10 per cent will bear the brunt of measures announced in June’s Budget, the poorest fare worse than those on higher incomes. The poorest 60 per cent will lose between £450 and £510 a year by 2014, the IFS said, while higher earners will lose between £250 and £300 a year. An unemployed couple with children in the bottom 20 per cent of earners will lose 8.2 per cent of their annual income by 2014, the IFS said, while a couple without children in the top 20 per cent will lose just 0.48 per cent of their income. Last night, the Treasury moved quickly to dismiss the findings, insisting the IFS analysis was a “selective piece of work”. One official told City A.M. the IFS was “plain wrong”. A Treasury source said: “The IFS is selective, ignoring the pro-growth and employment effects of measures such as helping households move from benefits into work, and reductions in corporation tax.“In any event not taking action would have been regressive – burdening current and future taxpayers with the cost of economic failure.”But James Browne, author of the IFS report, told City A.M. he was “bemused” by government claims of partiality. “We’re just doing what the government has attempted to do by working out the distributional effects of the measures in the Budget.” Meanwhile Ed Balls, the Labour leadership contender, seized on the IFS report as proof the coalition was abandoning hard-pressed families.He said: “This Tory-Lib Dem Budget will see the poorest families with children lose more than any other group. This report is the final nail in the coffin for George Osborne’s claims to have delivered anything but the most regressive Budget in a generation.”But a Treasury source said: “We will take no lectures on fairness from a party that presided over a rise in child poverty and did not restore the pension-earnings link.” whatsapp KCS-content Show Comments ▼center_img whatsapp IFS: BUDGET TO HIT POOREST HARDEST Share whatsapp IFS: BUDGET TO HIT POOREST HARDEST Share whatsapp Tags: NULLlast_img read more

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first_img Confidence at City firms falls as fears over austerity measures take their toll by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsfashionblast.clubFashionistas Choose These T-Shirts For This Summerfashionblast.clubStar Law NewsRon Howard Is 67 Years Old Now And He Is Still With His PartnerStar Law NewsChillingHistory.com20 Captivating Historical Photographs That You Have To See (20 Pics)ChillingHistory.comNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext RefinanceHealthUpon ChildrenBe Careful With that Soft Spot! and Other Things You Need To Know About BabyHealthUpon ChildrenTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tuesday 31 August 2010 8:49 pm Share whatsapp KCS-content center_img whatsapp CONFIDENCE levels held by City businesses have dipped, according to new research, despite firms seeing a general rise in turnover and profits.The business confidence monitor survey, conducted by accountants Grant Thornton and the Institute of Chartered Accountants for England and Wales (ICAEW), found that confidence amongst London’s businesses has fallen in the last three months as uncertainty over austerity measures have taken its toll.Ian Strange, ICAEW’s London regional director, said: “Businesses in the capital are now facing the challenge of surviving the recovery. They still don’t know what the future holds and are uncertain about how the mood of fiscal austerity will impact on the economic recovery.”The survey’s confidence index, which ranks overall responses to the survey, fell from 28.1 points during the last quarter to 25.9 this quarter, indicating that businesses are weary about future growth.However, the survey also found that 1.7 per cent of London firms saw revenue grow over the year, while 1.5 per cent reported a rise in profits. Tags: NULL More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Show Comments ▼last_img read more

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first_imgMonday 20 September 2010 8:58 pm Show Comments ▼ Share 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 ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Wind turbine maker Clipper Windpower is in talks with major shareholder United Technologies Corp (UTC) over a takeover or financing deal as it seeks additional capital to continue operating.Clipper, which is burning through cash, said UTC had indicated it would be willing to acquire the remaining shares in Clipper it does not already own, subject to due diligence and other terms and conditions.UTC may now increase its stake to 55 per cent after invoking a cash outflows clause in the subscription agreement signed earlier this year. It had previously been limited to a 49.9 per cent stake until January 2012. Clipper said along with the acquisition talks, it is also looking at raising capital and credit lines with financial providers and negotiating with UTC on additional credit support.It expects revenue to fall to between $150m (£96m) and $154m from $357.3m after selling only 43 turbines in the last quarter, compared with 127 for the same time last year. whatsapp 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.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img whatsapp Clipper in talks with UTC over possible takeover KCS-content Tags: NULLlast_img read more

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first_img CITY MOVES | WHO’S SWITCHING JOBS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider whatsapp whatsapp AvivaThe insurer has hired Helen Hislop as chief financial officer and Patrick Dixneuf as chief operations officer for its European arm, with effect from 1 January. Both will be based in Paris, and will work under EMEA chief executive Andrea Moneta. Hislop replaces Tim Harris, who has moved to Aviva as deputy chief financial officer, and joins from General Electric’s global banking division. Dixneuf joins from Allianz, where he was head of group operations.MercerKim Honess has joined the consultancy’s health and benefits business as head of flexible benefits, and will be based in the firm’s London office. She has over 13 years of experience in employee benefits, most recently at Towers Watson where she worked as head of flexible benefits consultants. Before this, she held various roles at Gissings and Paymaster. Clifford ChanceThe magic circle law firm has elected Malcolm Sweeting as its next senior partner, to replace Stuart Popham when he stands down from the role in January. Sweeting has been a partner at the firm’s finance practice since 1990, and during his tenure has acted as leader of the London banking group and as a member of the partnership council. His notable transactions include De Beers’ $18.7bn privatisation, the financing of Sir Philip Green’s bid for Marks & Spencer and the recent $16bn refinancing of CEMEX’s debt. Berwin Leighton PaisnerThe law firm has appointed structured finance lawyer Lucy Oddy as a partner within its London team. Oddy joins from Clifford Chance, and has a broad range of experience with UK and pan-European structured finance deals including work with Lloyds, Merrill Lynch and Deutsche Bank. BLP has also recently hired Matthew Kellett as managing partner of the finance department. He has previously worked at Linklaters. Bircham Dyson Bell The law firm has hired Nick Holland as head of contentious trusts and estates. He joins next week from Solomon Harris, a Cayman Islands-based law firm, where he held a similar role. He is qualified to practice law in several jurisdictions including British Columbia, Ottowa, the Cayman Islands and England and Wales. Share Thursday 4 November 2010 10:13 pm Show Comments ▼ KCS-content Tags: NULLlast_img read more

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first_img 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesScientific MirrorJoe DiMaggio’s Mob Ties Will Totally Transform Your Opinion Of The StarScientific MirrorAdventure CrunchCheck Out These Strange Looking MotorhomesAdventure CrunchDefinition.org25 Size Comparisons That Change The PerspectiveDefinition.orgAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorNinjaJournalistCareless Workers Caught In Unbelievable MomentsNinjaJournalistAuthors PickSee Demi Moore After Her Recent TransformationAuthors Pick Wednesday 10 November 2010 7:40 pm whatsapp EXPLORER Tullow Oil said a dispute with the government of Uganda had forced it to abandon drilling at two oil-rich blocks near Lake Albert and that it was unsure when this would recommence.The London-based company added that the government was wary of agreeing to a plan to decouple Tullow’s dispute from another, potentially lengthier, dispute between the government and Tullow’s former partner, Heritage Oil, which could delay a return to drilling.“We have no definitive timeline (for a resolution),” chief operating officer Paul McDade said.Tullow bought half-shares of two oil blocks from Heritage earlier this year, giving it 100 per cent ownership of three blocks which cover the Ugandan side of Lake Albert and which Tullow believes could contain billions of barrels of oil. Heritage refused to pay capital gains tax on the sale, which the government and Tullow said was due, and subsequently the government refused to renew the licences for Tullow which had planned to sell stakes to France’s Total and China’s CNOOC. The licence dispute has forced Tullow to halt operations at the blocks. Sharecenter_img KCS-content Tags: NULL Show Comments ▼ Tax dispute forces Tullow Oil to abandon drilling in Uganda whatsapplast_img read more

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first_img 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com whatsapp KCS-content center_img Share THE outgoing boss of United Utilities yesterday backed an investor’s plea to the water industry regulator to keep shareholders sweet as it posted lower profits, but voiced confidence on its outlook.Philip Green, who is leaving in March, supported Invesco Perpetual fund manager Neil Woodford after he said regulation may cause inadequate investor returns. Woodford, who owns about seven per cent of United, sold his £100m stake in rival Severn Trent last month.Green described the last regulatory review as “tough but fair”, but he said investors were needed to help the industry invest in the next few years.“I would support Neil Woodford in saying it’s important that the regulator makes sure the equity markets get an adequate return, We’ll continue to need high levels of capital,” he said.United, which serves about 7m people in north-west England, blamed regulatory price cuts and higher interest charges for a 24 per cent fall in core pre-tax profit to £196.2m in the six months to 30 September.The group said it was on track to hit its 2015 targets and announced an interim dividend of 10p per share.Green, who will be replaced by defence industry boss Steve Mogford, said he would be interested in company chairmanships. “The job at United is largely done and there are other things I would like to do,” he said. Wednesday 24 November 2010 8:41 pm United in plea to watchdog Tags: NULLlast_img read more

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first_img Show Comments ▼ whatsapp Sunday 5 December 2010 11:27 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com THE founding family of France’s Hermes luxury fashion group yesterday revealed it has set up a holding company with more than half of the group’s capital in a bid to fight off a takeover bid from Louis-Vuitton Moet Hennessy (LVMH).The bold move, which is subject to regulatory approval, followed crisis talks on Friday, when heirs from the six-generation family met to discuss hostile share-buying launched by LMVH, the world’s largest luxury goods group.LVMH, led by billionaire businessman Bernard Arnault, rattled Hermes in October when it revealed a surprise 17.1 per cent stake in its smaller rival, later saying it wanted to buy more shares.The family shareholders, who number around 60 and together hold about 73.4 percent of the stock, said they consider Arnault’s move unwelcome and have called for him to withdraw.The family’s shares are divided among more than 60 descendants of founder Thierry Hermes. “The family’s commitment to create this majority holding is irrevocable,” it said in a statement. “This new firm will benefit from preferred rights on the remaining stock owned directly by the family.”It added that the operation would have no effect on the family’s stake in Hermes International.On 9 November, Hermes reported sales in the first nine months of the year amounted to €1.67bn (£1.42bn), with sales for the year targeted to be up 15 per cent. Share Tags: NULL whatsapp KCS-content Hermes family sets up holding scheme to ward off LMVH last_img read more

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first_img whatsapp The government has unveiled a £250m industry-financed plan to promote good eating under which millions of people will receive vouchers offering discounts on healthy foods. The coalition government is promoting the scheme as part of its Change4Life programme, aimed at combating Britain’s high obesity rate by encouraging people to eat healthier food and exercise more. Millions in England will get £50 worth of vouchers offering discounts on foods such as low-fat yoghurts, wholegrain rice, frozen vegetables, fruit and alcohol-free lager. Share Government unveils health plan Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily 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 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 Proof KCS-content Monday 3 January 2011 10:22 pmcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ Tags: NULL last_img read more

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first_img Former Swiss banker Rudolf Elmer, who was found guilty of breaching bank secrecy laws over his transfer of client data to the online website Wikileaks, has been remanded in custody, reports said yesterday. The former chief operating officer at private bank Julius Baer’s subsidiary in the Cayman Islands was detained on Saturday because he risks destroying evidence, his lawyer Ganden Tethong Blattner told ATS news agency. Elmer plans to appeal against Wednesday’s court decision that found him guilty of handing over secret files. Share Sunday 23 January 2011 10:23 pm Show Comments ▼ Tags: NULL Swiss banker placed in custody whatsapp whatsapp KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comlast_img read more

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first_img Show Comments ▼ Monday 24 January 2011 9:02 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm OracleLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adszenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceItsTheVibeThe Cutest 1980’s Stars Are Now In Their 60s, This Is Them NowItsTheVibeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutPast FactoryThis 1960’s TV Quiz Is Stumping Everyone!Past FactoryGameday News40 Abandoned Stadiums That Once Made Sports HistoryGameday NewsDefinitionTop 25 Reality TV Shows That Are Completely FakeDefinition Share FINANCIAL TIMESFSA CHIEF SEEKS NEW SAFEGUARDSThe head of the Financial Services Authority has called for a “radical rethink” of consumer protection in the UK, including the possible imposition of fee caps and bans on some retail financial products. The regulator has historically adopted a “light touch” approach for the regulation of financial products, emphasising full disclosure, but the financial crisis and a series of mis-selling scandals have forced politicians and regulators to reconsider.DEFENCE FIRMS TARGET US SPENDINGA market facing severe cuts in government spending is not usually an attractive prospect for new entrants. But, over the past month, UK companies have been rushing to grab a slice of the US defence market despite news earlier this month that US defence spending will fall by $78bn (£49bn) over five years.BARCLAY BROTHERS TO BUY HOTELSSir David and Sir Frederick Barclay, owners of the Telegraph Media Group, are poised to take a controlling stake in three of London’s most prestigious hotels including Claridge’s. The publishing and property entrepreneurs are set to raise their stake in the parent company of Maybourne Hotel Group to 60 per cent with the acquisition of the interest of Derek Quinlan, the Irish property tycoon.WALL STREET’S BULLISH MOOD BACKWall Street continues to chug forward, dragging other markets with it, in spite of signs of a weakening risk rally evident in last week’s wobbly trading. The FTSE All-World index is up 0.6 per cent, and many commodities are again in demand, with tin hitting a record, as the dollar weakens. The S&P 500 in New York is up 0.6 per cent.THE TIMESBANKS TO CUT SWITCHING TIMESBanks are planning to offer to make it much easier for customers to switch accounts in an attempt to head off more draconian measures from the Government to boost competition. The big lenders are considering investing hundreds of millions of pounds each to bring in measures that would cut the time it takes customers to switch banks to between one and two weeks.ADVISER BACKS THE ASSAULT ON F&CThe activist shareholder fighting for boardroom control at F&C Asset Management has won influential external backing. Institutional Shareholder Services, previously RiskMetrics, urged F&C’s owners to vote for Ed Bramson as chairman at a special meeting next month. It has also supported the call by Sherborne, for a further change at the top.The Daily TelegraphOPEC TO BOOST OIL OUTPUTSaudi Arabia has promised that oil cartel OPEC would boost oil supplies to meet demand and maintain healthy spare capacity as rising prices continued to send alarm around the world. Ali al-Naimi, the kingdom’s oil and energy minister, quoted studies showing world oil demand would grow by 1.5m to 1.8m barrels of oil per day this year, or around 2pc. BG GROUP TO INVEST IN DEEPWATERBG Group is to invest $10bn (£6.26bn) in Brazil over the next decade as it seeks to accelerate the development of the country’s deepwater oil fields. The company is aiming for an output of 400,000 barrels of oil a day by 2020, which would make it Brazil’s second biggest oil producer after the state-run energy giant Petrobras. The plans were revealed by Nelson Silva, president of BG Brazil.THE WALL STREET JOURNALFRANCE PROPOSES WAYS TO UP YUANFrance said China’s yuan should be included in the International Monetary Fund’s basket of currencies that fund members use as a reserve asset, a proposal it says is aimed at edging the Chinese currency closer to its true market value. FACEBOOK ALTERS TOOL IN GERMANYFacebook Inc. ended a long running privacy dispute with German regulators by agreeing to change the way it handles the personal data of non-users of the social network via its “Friend Finder” feature.The compromise, which Facebook agreed to implement in Germany, resolves legal proceedings that data-protection officials in the German city-state of Hamburg launched against the social networking giant in July. whatsapp whatsapp Tags: NULL KCS-content What the other papers say this morning last_img read more

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