Lidl loses UK managing director after one year

first_imgMonday 6 September 2010 8:11 pm Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’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 ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily 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 ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp LIDL UK managing director Frank-Michael Mros is understood to have stepped down from his post.According to reports in Germany, where Lidl is based, Mros, who replaced Marcel Oosterwijk last summer, stepped down from the post last week. Lidl declined to comment yesterday.His appointment was controversial as he was the previous boss of Germany where he had to stand down following a scandal after it was claimed the company collected and stored data on employees’ medical records.Aldi, which in 2008 reported sales growth of more than 20 per cent in Britain, has also suffered upheaval after a sharp drop-off in the rate of growth.In August last year, it parted company with Paul Foley, its UK managing director and a 20-year veteran of the group. whatsapp Tags: NULL Lidl loses UK managing director after one year center_img Share KCS-content Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo last_img read more

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WHAT IS YOUR REACTION TO THE NEW BASEL III REQUIREMENTS IMPOSED ON BANKS?

first_img KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp whatsapp ADAIR TURNER | FINANCIAL SERVICES AUTHORITYThe agreement announced today amounts to a major tightening of global capital standards and will play a significant role in creating a more resilient global banking system: the transition timescale will ensure that banking systems can play their role in supporting economic recovery.DAVID GRINSZTAJN | ALPHAVALUE The counter-cyclical capital buffer is purely cosmetic and will be left under the watch of domestic regulators. Everything that is not compulsory is useless since regulators are worried about being the first to enforce a measure that could introduce a competitive disadvantage for their domestic banks.NIC CLARKE | CHARLES STANLEY If the banks have to hold more capital this will have two major impacts. First, the impact on economic growth is likely to be negative as banks will have to with-hold more capital from borrowers. Also, with banks holding more capital, other things remaining equal, returns on capital for investors are likely to diminish. Therefore, Basel III cannot be seen as wholly positive. Monday 13 September 2010 8:51 pm WHAT IS YOUR REACTION TO THE NEW BASEL III REQUIREMENTS IMPOSED ON BANKS? center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Show Comments ▼ Share Tags: NULLlast_img read more

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Equality Act may cause surge in Tribunal claims

first_img whatsapp Equality Act may cause surge in Tribunal claims Thursday 30 September 2010 10:36 pm LAWYERS warned that the Equality Act, which comes into force today, could cause a flood of claims to hit tribunals if businesses fail to comply with the new rules.The Equality Act 2010 was introduced by Labour deputy leader Harriet Harman’s and fulfilled a 2005 manifesto commitment. The Act brings together nine different anti-discrimination laws, including the Equal Pay Act, and aims to simplify legislation in this area. Legal experts estimate that tribunals could be hit with a 10 per cent surge in claims, particularly related to the new “combined discrimination” offence, which allows employees to lump together a number of discrimination claims into one action. “In recent months we have seen a surge in interest among businesses as they look to update internal policies to deal with new areas of discrimination and, potentially, a substantial increase in employment tribunal claims,” said Carolyn Miller, a lawyer with McGrigors.The Act also includes measures such as, the removal of pay secrecy, positive discrimination enforcement, and laws against third party harassment and disability discrimination. EQUALITY ACT | KEY IMPLICATIONS FOR BUSINESSESPre-employment health checksThere are now limited circumstances when you can ask a prospective employee health-related questions before you have offered them a job. Employers are still entitled to screen applicants about health after making an offer or after including the applicant in a short-list.Extension of employment tribunals Employment tribunals can now make recommendations covering an employer’s workforce rather than simply individuals involved in employment litigation. Failure to comply could be damaging to the employer’s reputation and be used in evidence against the employer in future discrimination claims, says Rachel Dineley at Beachcroft law firm.PayPay secrecy is no longer enforceable – action taken against employees for being involved in such a pay discussion will be classed as unlawful victimisation. In terms of pay differences, a claim of direct pay discrimination can be made, even if no real person comparator can be found, says Acas. DiscriminationHarassment by non-work colleagues on discriminatory grounds can give rise to legal liability for an employer if the complainant has suffered such harassment on two previous occasions, according to law firm Mayer Brown International. Employers can only defend these claims if they can show they took reasonable steps to stop the third occasion occurring. RecommendationsFirms should review their Equal Opportunities Policies and recruitment processes to ensure they are compliant. Employers should take the opportunity to audit their current practices. Sharecenter_img whatsapp Show Comments ▼ KCS-content Tags: NULLlast_img read more

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Moody’s removes Spain’s AAA rating

first_img More From Our Partners Police 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Share Thursday 30 September 2010 11:00 pm KCS-content 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today Show Comments ▼center_img Tags: NULL RATINGS agency Moody’s cut Spain’s credit to Aa1 from AAA yesterday, removing the last of its highly-valued triple-A ratings but saying it did not expect to cut again soon thanks to efforts at fiscal reform.The one notch downgrade was widely discounted by the markets, following cuts by Standard and Poor’s in April and by Fitch in May.Spain is one of the countries being watched most closely by financial markets in Europe’s struggle with billowing debt, but investors have so far given it an easier ride than Ireland and Portugal.Moody’s said a key driver for the downgrade was the significant fiscal deterioration that Spain experienced and the challenges the government will face in reducing the budget deficit in an environment of only moderate economic growth.It said it expected the economy to grow just one per cent annually on average for years to come. The government should be able to meet its targets this year and next but further reforms were needed to cut the deficit beyond 2011.“A large part of the fiscal consolidation for this year and next is based on tax increases and measures that cannot be continued for many years,” Moody’s lead analyst for Spain Kathrin Muehlbronner said.“Spain will need more structural measures to bring down its deficit,” she said.The rebalancing of Spain’s economy away from construction will also take several years.“Spain’s economy adjustment process is ongoing – household leverage is still high, there’s a large overhang of unsold properties and while exports have picked up nicely they are still dependent on what happens in France and Germany,” Muehlbronner said. whatsapp whatsapp Moody’s removes Spain’s AAA rating last_img read more

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Manufacturers’ costs soar

first_img Manufacturers’ costs soar John Dunne Tags: NULL Show Comments ▼ Share whatsappcenter_img Manufacturers’ raw materials costs rose almost twice as fast as expected last month propelled by higher wheat prices, taking the annual rate well above expectations, official data showed.The Office for National Statistics said producer input prices rose 0.7 per cent on the month in September, taking the annual rate up to 9.5 per cent from 8.7 per cent in August. That was well above analysts’ expectations for a rise of 0.4 per cent on the month and an annual rate of 8.6 per cent.Annual output price inflation eased less than expected to 4.4 per cent from 4.7 per cent in August.The figures are likely to disappoint Bank of England policymakers at a time when consumer price inflation is still running more than a full percentage point above its two per cent target.The ONS said higher cereals prices helped push up the annual rate of home produced materials input price inflation to 9.9 per cent, its highest since October 2008.Wheat prices have risen strongly in the summer as a result of a drought in major producer Russia.Crude oil input prices fell slightly on the month but still exerted strong upward pressure on the annual rate.The Office for National Statistics said PPI would from next month would be reclassified to be based on the 2007 style of industrial classification. As a result, the “recovered secondary raw materials” and “publishing” components will no longer be included in the manufacturing sector and will be classified under services. Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoGardensTricks.comThis House Looks Small But Look Inside!GardensTricks.comUndoHealth LivingWhy Should You Pour Salt Down The Drain At Night?Health LivingUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoFoodmzIf You Eat 3 Dates Every day For 1 Week This Is What Happens To Your BodyFoodmzUndoBig Data Courses | Search AdBig Data Online Courses Might Be Cheaper Than You ThinkBig Data Courses | Search AdUndo whatsapp Friday 8 October 2010 5:03 amlast_img read more

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BEST OF THE BROKERS

first_imgThursday 11 November 2010 7:40 pm whatsapp More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding 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.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.com whatsapp Show Comments ▼ Sharecenter_img HILL & SMITHAltium Securities rates the highway infrastructure group a “hold” with a target price of 275p. The broker says it is disappointed by the firm’s recent interim management statement, which reduced the company’s operating profit forecast by £7.5m for the year. Altium has cut its estimates for 2010 pre-tax profit to £41m following the news.CAIRNAlphaValue rates the oil explorer an “add” with a target price of 460p. It believes the sale of Cairn’s Indian branch is a sensible part of the firm’s plan to realise value from explorations, and says the best way for the firm to capture the value of increasing production with higher oil prices is through discounted cash flow, which runs at a 67 per cent upside.GENUSBrewin Dolphin has put its “hold” recommendation and 703p target price under review following the farming technology firm’s annual general meeting. The broker believes there is short-term weakness in the Chinese market and uncertainty in demand from higher animal feed costs. It adds that the second half of the year is likely to be stronger for the firm. 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 TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content BEST OF THE BROKERS Tags: NULLlast_img read more

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Trident staff in pay revolt

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem Tuesday 16 November 2010 8:40 pm KCS-content whatsapp THE UNION representing engineers and scientists working on nuclear warheads for Britain’s Trident missiles said they are to take industrial action in protest over the latest pay offer from their employer, the Atomic Weapons Establishment (AWE).Prospect union spokesman Graham Stewart said its 1,300 members, who represent the majority of specialist staff at AWE’s Aldermaston and Burghfield sites in Berkshire, west of London, would demonstrate at the site on 23 November.AWE, which supplies and maintains Britain’s nuclear missile warheads, is managed for the government by AWE Management, a consortium of Jacobs Engineering Group, Lockheed Martin UK and Serco. The 25-year management contract runs until March 2025. More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgcenter_img Show Comments ▼ Trident staff in pay revolt Share Tags: NULLlast_img read more

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At a glance: events that brought Ireland to its knees

first_imgTuesday 16 November 2010 9:26 pm TIME LINE | IRISH DEBT CRISISMay 2008Brian Cowen is elected Irish prime minister. His allies and opponents warn he faces a tough task steering the country through economic slowdown.September 2008Ireland becomes the first euro zone country to slip into recession after its property bubble bursts.December 2008Ireland agrees to inject €5.5bn (£4.6bn) into its three main banks, taking Anglo Irish Bank under its control.March 2009Standard & Poor’s downgrades Ireland’s credit rating from prized AAA ranking to AA+ and warns it could drop further, in a vote of no-confidence in Dublin’s efforts to get its public finances under control. April 2009Irish finance minister Brian Lenihan outlines €10.6bn (£9bn) in spending cuts for 2010-2011 and forecasts additional €3.25bn from taxation in that period in emergency budget, the second in six months. Fitch also strips Ireland of its top AAA credit rating, reducing it to AA-plus.August 2010Standard & Poor’s cuts Ireland’s long-term rating by one notch to ‘AA-‘ and assigns the country a negative outlook.September 2010Ireland discloses worst case price tag of over €50bn (£42bn) for bailing out its banks and announces it will have to make more budget savings. November 2010EU Economics Commissioner Olli Rehn, visits Ireland and says he has not discussed any need for EU bailout, adding he believes market confidence would be restored once the country published its four-year plan to cut debt, which is set for release before a 25 November by-election.Q & A : THE IRISH BAILOUTQ.WHAT HAPPENS NOW?A. The timeline is highly uncertain, which is in part what has fuelled market turmoil. Ireland is still denying that it is in need of a bailout, but many observers expect a capitulation within the week. A major point of interest will be the close of Eurozone finance minister negotiations today, with expectations that the talks could provide a framework for bailouts and suggest some general conditions for aid money in the future. In addition, Ireland is meant to be outlining a four-year plan for getting its deficit under control in the next two weeks. Much will depend on the credibility of the plan.Q.CAN IRELAND AVOID A BAILOUT?A. It is looking increasingly unlikely, although the Irish government is likely to continue to offer strong resistance due to the unpopularity of submitting to the conditions of any aid package. One possible alternative to a sovereign bailout could be a bailout of the banking sector, whose debts the government has guaranteed. However, most EU states would be reluctant to lend without channelling the money through the Irish government and subjecting it to strict conditions.Q.WHAT CONDITIONS WOULD AID CARRY?A.The EU could insist Dublin reneges on an agreement with public sector unions not to cut jobs or push through further wage cuts. Brussels may also demand Ireland raises its corporation tax rate, viewed as sacrosanct by Dublin, from its current low level of 12.5 per cent.Q.WHY IS IRELAND NOT KEEN ON EU HELP?A.An EU bailout would mean a big loss of face fiercely proud of its independence. It would also mean significant international interference in sovereign affairs. At a glance: events that brought Ireland to its knees KCS-content whatsappcenter_img Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life Show Comments ▼ Tags: NULLlast_img read more

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Government guarantees on loans create ethical perils, report says

first_img whatsapp Show Comments ▼ Share 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 PastMoneyPailShe 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition GOVERNMENT guarantees of bank creditors warp incentives and damage the “ethical foundations of capitalism”, according to a report out today.State guarantees create a system in which “the poor pay taxes to keep the rich rich, regardless of how foolish or lazy the loans they have made might be”, said the influential think tank Policy Exchange.Guarantees trigger a higher level of bonds in capital structures, lower liquidity ratios, and remuneration schemes that encourage greater risk taking, the report said.Systems of lending at interest have always depended on bondholders and creditors being exposed to risk of loss, but government guarantees and bailouts have led to increasingly risky behaviour – in a form known as “moral hazard”, the report argues.“Each bailout leads the bailout net to slacken, so that the next test of government willingness to bail out occurs at a higher level of danger,” said author Andrew Lilico.Lilico recommends a new administration regime for banks that would see bondholders responsible for losses through a so called “bail in” system of debt-for-equity swaps.Bailouts in the Eurozone are “fundamentally a continuation of the banking crisis”, and reflect the ongoing inability to deal with failing banking institutions, Lilico said. Credible mechanisms to resolve insolvent banks could have prevented the Irish and Greek bailouts, and may be required to save the euro, he added. Government guarantees on loans create ethical perils, report says center_img KCS-content Sunday 19 December 2010 10:39 pm 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 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 ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Tags: NULLlast_img read more

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US cuts fuel fear of food inflation

first_imgWednesday 12 January 2011 8:41 pm SOYBEAN and corn futures jumped yesterday, helping power a broad rally across commodities as both hit 30-month highs after the US government made deep cuts in crop stocks. The run-up in agricultural prices added to concerns about food inflation around the world. Soybean and corn futures jumped four per cent each ­– to hit $320 to $360 per short ton and $6.31 a bushel respectively – hitting the daily limit on the Chicago Board of Trade, after the US Department of Agriculture estimated year-end crop stockpiles below market expectations. 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute US cuts fuel fear of food inflation Tags: NULL whatsapp center_img KCS-content Share whatsapp Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Show Comments ▼last_img read more

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