Showing posts with label Copenhagen Post. Show all posts
Showing posts with label Copenhagen Post. Show all posts

Thursday, September 18, 2014

A fortnight ago, about 130 business leaders, who between them employ 50,000 people in Scotland, wrote an open letter in the Scotsman newspaper saying No Thanks to separation. The group, led by the chief executive of engineering giant Weir, Keith Cochrane, said the “business case” for Scottish independence had not been made.

Kingfisher boss Cheshire does not believe Scotland will be able to keep the pound, which would mean repricing 35,00 products, with the cost being passed on to customers. He called on other business leaders to come out and make similar points, saying “It’s now or never.”
Jean-Bernard Levy, the head of France’s Thales – Britain’s second-largest defence contractor – said a yes vote would force the company to reconsider its facilities on both sides of the border.
BP boss Bob Dudley, said he does not want to see Scotland “drifting away” from the UK, because independence would almost certainly mean higher costs for his business.
HSBC chairman Douglas Flint has warned that uncertainty over Scotland’s currency could prompt capital flight from the country and leave it in a “parlous” financial state.
Weir, one of Scotland’s biggest companies, said independence will “guarantee” higher costs for business but produce few and uncertain benefits, after commissioning a report on the economics.
Standard Life, one of the main pillars of Scotland’s finance industry, has set up English subsidiaries as a part of “contingency” planning that could see it quit Scotland.
Royal Bank of Scotland, Scotland’s biggest bank, has tried not to raise the temperature despite harbouring concerns over the risks to its credit rating and business.
Lloyds Banking Group has warned of a “material impact” on its costs and borrowing, implying a knock-on impact for businesses and customers for the owner of Lloyds, Halifax and Bank of Scotland.
Alliance Trust, a pensions and savings firm based in Dundee, has been registering companies in England.
Former Sainsbury’s boss Justin King, was accused of scaremongering by the Scottish National party when he warned that independence could mean higher food prices north of the border. Asda and Morrisons have also warned consumers would face higher prices, reflecting the higher transport costs for some remote areas.

 

Friday, January 18, 2013

Germany's central bank, the Bundesbank....

The German economy grew by 0.7% in 2012, a sharp slowdown on the previous year, preliminary figures show. The figure was well below the 3% growth seen in 2011 and suggests the economy contracted in the fourth quarter. "In 2012, the German economy proved to be resistant in a difficult economic environment and withstood the European recession," the federal statistics office Destatis said. Some analysts believe the German economy will enter recession itself. Destatis said economic activity "slowed down considerably" in the second half of the year, and particularly in the final quarter. "The full-year growth figure [of 0.7%] implies a contraction of around half a percentage point in the fourth quarter," the office's top statistician Norbert Raeth said. Last month, Germany's central bank, the Bundesbank, cut its growth forecast for this year to 0.4% and warned that the economy may have contracted in the final three months of 2012, and may do so again in first quarter of 2013. The eurozone economy as a whole is already in recession, having contracted in both in the third and fourth quarters of last year. For 2012 as a whole, Destatis said foreign trade was "very robust", with exports up 4.1% on 2011. Imports grew by 2.3%. The positive trade balance was "once again the main driving force for economic growth in Germany". Household expenditure increased by 0.8%, while government spending was up 1%. The figures also showed that while the service sector of the economy expanded, industry and construction contracted. Destatis will publish official fourth-quarter growth figures on 14 February.

Tuesday, May 29, 2012

So, as a good socialist I transfer the debt to the average Joe

The vast majority of the EU states are socialist, so I believe, the main aim of socialism is to transfer wealth from those that have to those that have not to make it a fairer society.--- So as a good socialist I transfer the debt to the average Joe tax payer to protect the wealth of shareholders, bondholders and depositors. So Joe tax payer gets poorer and the rich get richer.---So I am a capitalist, I believe in a free market....Joe tax payer is protected for small amounts by the government i.e. all taxpayers. Its just insurance really Joe taxpayer has already paid for with his taxes. The bank goes bust free market forces. The shareholders, bondholders and wealthy depositors get stuffed. Wealth redistribution at a stroke with out the need for expensive tax collection and redistribution....I am sure all the educated people will tell me were I am going wrong....The wealthy by winning the competition have power to circumvent the market forces. So no pure market exists or is possible, and if ever it happened it would destroy itself in monopoly. It is even doing a good job of this at the moment without this 'purity'....Question - rhetoric : With so much continuing financial doom and gloom around Europe, the Euro and Spanish banks why have European stock markets followed far East markets and risen by more than 1% on opening this morning?. Is there something happening out there in the 'markets' that only a select few are aware of?... The ECB has  let the broader M3 money supply contract for the whole eurozone late last year, badly breaching its own 4.5pc growth target. This was not purist hard-money discipline. Let us not dress it up with the bunting of ideology, or false authority. It was incompetence, on a par with the errors of 1931.
Spain’s Bankia fiasco has merely brought matters to head, though the details are shocking enough. A €4bn bail-out in mid-May. A €23bn bail-out two weeks later. You couldn’t make it up.

Sunday, July 31, 2011

Europe's leaders, have been warned to adopt a more "cautious" approach when discussing multiculturalism. The Norwegian chairman of the Nobel peace prize committee has told them they risk inflaming far-right and anti-Muslim sentiment. Thorbjørn Jagland, a former prime minister of his country, said leaders such as the British premier would be "playing with fire" if they continued to use rhetoric that could be exploited by extremists. Four months ago in Munich, Cameron declared that state multiculturalism had failed in Britain, a view immediately praised by Nick Griffin, leader of the BNP, as "a further huge leap for our ideas into the political mainstream". Marine Le Pen, vice-president of the far-right National Front party in France, also endorsed Cameron's view of multiculturalism, claiming that it corroborated her own party's line. Jagland's comments come in the wake of the Oslo bomb and the massacre on Utøya Island that left 77 people dead. The killer, Anders Behring Breivik, said he was inspired by the right-wing English Defence League. Breivik sent his manifesto, published online hours before the attacks, to about 250 British members of the BNP, the EDL and the Stop Islamisation of Europe group. Jagland, who is also secretary general of the Council of Europe, told the Observer: "We have to be very careful how we are discussing these issues, what words are used. "Political leaders have got to defend the fact that society has become more diverse. We have to defend the reality, otherwise we are going to get into a mess. I think political leaders have to send a clear message to embrace it and benefit from it.

Wednesday, July 27, 2011

In an embarrassing development for John Boehner, the Republican Congress speaker, the Congressional Budget Office (CBO) ruled on Tuesday night that his bill would have only cut spending by $850bn (£517bn)over the next decade, not the $1.2tn he had aimed for. Republicans are now racing to rewrite the legislation, and have pushed back a congressional vote on the plan from Wednesday to Thursday at the earliest. Although Boehner was already struggling to find support for his package, the delay increases the risk that Washington will fail to agree a deal to raise the debt ceiling before 2 August, when the federal government is expected to run out of money. The dollar dropped against other currencies on Wednesday morning as investors faced the possibility that America could default. Several economists believe the country will lose its AAA credit rating within months, which would push up its borrowing costs, even if the $14.3tn debt ceiling is increased in time. The White House said on Tuesday it was working with Congress to devise a "Plan B" that might attract enough support. The two sides have been deeply divided for weeks, with Republicans demanding deep spending cuts and Democrats anxious to include tax rises as a major part of the deal.

Monday, November 8, 2010

Shimon Galon, the head of GTC Romania real estate developer, says the retail market is going to collapse unless the Government takes steps to make consumers start buying again, considering developers and retailers have already done all they could to attract clients. "Last year, everything stood still, this year started better, but after the Government's measures, buyers have been disappearing over the recent months. Some have run out of money, and those who still have money push it deeper in their pockets.
The change can only come from the Government. No private investor can make the market move again. Everything that was up to investors has been done: developers have offered smaller rents, retailers have offered discounts," stated Shimon Galon, CEO with GTC, a major developer domestically.The retail market has been the hardest hit after public workers' salaries were cut by 25% and the VAT was raised."On the retail market, the problem is simple. People will not buy, and retailers are not selling. (...) The number of visitors has risen, people are coming to malls, but are not buying. I cannot say I do not have retailers or visitors, but if we do not find a solution for people to start buying, the market is going to collapse," Galon said.sex,matures,mother,xhamster,adult,adulat video