Responding to a severe economic downturn from 1920 to 1921, the Federal Reserve increased interest rates and the national budget was balanced, moves that kept the painful recession short, New York-based Grant said. In contrast, he said U.S. policy makers are prolonging the pain of the so-called Great Recession by intervening in markets and running [...]
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Interactive Business Bullet: Greece, Diageo, Vodafone and Barclays Bank
- 05 Feb, 12
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- Financial Consultant
Robert Miller with the main City and business news as Europe’s markets snap Asia worries about Chinese inflation and push shares higher led by hopes of a Eurozone rescue deal for debt-stricken Greece; Guinness-to-Johnny Walker group Diageo raises dividend by 7pc as half-year profit rises to £1.9bn; Mobile phone giant Vodafone hit by weak sales [...]
Monday Roundup: Reflections on My Attempt To Save Money By Driving Less
- 22 Jan, 12
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- Financial Consultant
Reflections on My Attempt To Save Money By Driving Less. Of the resolutions I made a year ago, several were concerned with cutting my costs and improving my finances. Most of these resolutions existed in the world of budgets and long-term plans, investments and credit card use. But one of them was different from the [...]
Government proposes scheme to help elderly people to downsize from larger homes and suggests we should be planning to pay for any care we receive in later life. The Government has proposed that elderly people in larger homes should be helped to downsize into smaller, rented properties to ease Britain’s housing crisis. It’s also suggested [...]
Not much action at the end of last week Gold closed the week over $1,600. Oil remained over $100. The show goes on! We are watching the destruction of an empire. All empires must go away sometime. They are natural things. And nature puts a time bomb in everything she creates. The US empire is [...]