Feb 22

Fashion retailer sold to Edinburgh Woollen Mill- source- news.sky.com


From World Business Source : http://news.sky.com

World Business Excerpts from Newstweeters.com

Commentary: Peacocks, a fashion retailer, was sold to Edinburgh Woollen Mill. The sale helped secure 6000 jobs but not all were saved. – excerpt below

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…. -Fashion retailer Peacocks has been sold out of administration to Edinburgh Woollen Mill, saving 6,000 jobs, but thousands of staff will still be made redundant.- ….


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Feb 22

3000 jobs added for UK workers- source- news.sky.com


From World Business Source : http://news.sky.com

World Business Excerpts from Newstweeters.com

Commentary: Thanks to InterContinental Hotels, 3000 jobless UK citizens will now have jobs. A training academy will open up to train people in hotel hospitality. About one-fourth of InterContinental employees fall within the 18-24 age range. InterContinental is the world’s biggest hotel chain.  - excerpt below

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…. -Deputy Prime Minister Nick Clegg has welcomed the creation of 3,000 new jobs in the UK by the world’s biggest hotelier, InterContinental Hotels.- ….


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Feb 22

Stimulus a possibility in UK- source- news.sky.com


From World Business Source : http://news.sky.com

World Business Excerpts from Newstweeters.com

Commentary: The U.K. could get a stimulus in the form of money this year, which means not so good news for those with a pension plan. – excerpt below

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…. -The prospect of a further cash stimulus to the UK economy later in the year has risen, signalling more bad news for pensioners.- ….


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Feb 22

Huge banking bonuses in Scotland- source- news.sky.com


From World Business Source : http://news.sky.com

World Business Excerpts from Newstweeters.com

Commentary: Investment banking staff at the Royal Bank of Scotland will receive a handsome bonus – just below £400m. – excerpt below

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…. -Royal Bank of Scotland is to pay out just under £400m in bonuses to its investment banking staff for their work in 2011, according to Sky sources.- ….


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Feb 22

UK government pressured to huge budget increase for businesses- source- news.sky.com


From World Business Source : http://news.sky.com

World Business Excerpts from Newstweeters.com

Commentary: The U.K. is being pressured to increase its budget by £500m in order to give businesses a boost. – excerpt below

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…. -The Government is facing pressure to give a £500m boost to business in next month’s Budget and make changes to the tax system to help drive economic growth.- ….


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Feb 22

China ups loan capacities by lowering reserve requirements- source- ft.com


From World Business Source : http://ft.com

World Business Excerpts from Newstweeters.com

Commentary: China is upping bank loan capacities by lowering reserve money holding requirements in order to stimulate its requirement. – excerpt below

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…. – Share With Friends: | | Business – Asia News , RSS and RSS Feed via Feedzilla. – ….


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Feb 22

Euro-zone gives more money to Greece- source- online.wsj.com


From World Business Source : http://online.wsj.com

World Business Excerpts from Newstweeters.com

Commentary: Euro-zone will be disbursing a second money package to help relieve Greece’s debt crisis. – excerpt below

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…. – Share With Friends: | | Business – Markets – World Markets Stories , RSS and RSS Feed via Feedzilla. – ….


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Feb 22

Thin line between privacy and exploitation of data for Facebook, Google- source- online.wsj.com


From World Business Source : http://online.wsj.com

World Business Excerpts from Newstweeters.com

Commentary: Facebook and Google frequently pull info from their users in order to target ads towards them, however this could have downsides if these Internet giants don’t learn to put limits on app capabilities. It could mean that the Internet gets regulated as a result. – excerpt below

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…. – Share With Friends: | | Business – Markets – World Markets Stories , RSS and RSS Feed via Feedzilla. – ….


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Feb 21

China lowers bank reserve limits to stimulate economy- source- reuters.com


From World Business Source : http://www.reuters.com

World Business Excerpts from Newstweeters.com

Commentary: China is lowering the amount of money banks have to hold in an effort to stimulate its economy. – excerpt below

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…. – Al-Arabiya China acts to crank up credit as lending, economy slow Reuters The People’s Bank of China (PBOC) is on the course of gentle policy easing to cushion the…- ….


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Feb 21

Oil prices rise in response to Iran nixing oil sales- source- dailymail.co.uk


From World Business Source : http://www.dailymail.co.uk

World Business Excerpts from Newstweeters.com

Commentary: Brent oil prices shot up to $121.10 a barrel as Iran nixes oil sales. The price rise is the highest in roughly eight months. – excerpt below

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…. – The price of Brent today rose by $1.52 (95p) to reach $121.10 (£76.39) per barrel, the highest since mid-June, following Iran’s decision to cut off oil sales…- ….


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Feb 20

Greek Bailout 2 Close to getting done- source- businesssspectator.com


From Breaking News Source : businessspectator.com

Breaking News Excerpts from Newstweeters.com

Commentary: The Europeans are gathering and set to approve a new Bailout package for Greece- While the Greek PM is present in Brussels, where the deals are being put together, his citizens at home appear not so taken with the proposed loss of sovereignty and austerity measures, laying siege to government offices, including the Parliament - excerpt below

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…. -Eurozone officials wrangle for tighter control of funding. 20 Feb 2012 8:36 AM- ….


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Feb 20

Armenians Fear Repercussions Over Western Pressure On Iran- Source- iwpr.net


From World Newspapers Source : iwpr.net

World Newspapers Excerpts from Newstweeters.com

Commentary: The Armenians are in a tough neighborhood, and they’re in a tough spot,North of them is Russia, which still has designs on the Caucuses, southwest of them is Turkey, a bitter enemy for centuries who killed millions of Armenians during World War One, and only the Iranians have been willing to have more cordial relations with the Armenians. With US and Western pressure mounting on Iran and the likelihood of a conflict growing, Armenians are worried and feel compelled to urge the West to back off, which, in light of the stakes, may not be advisable.  - excerpt below

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…. – Fears that trouble in Iran would hurt carefully-crafted economic and energy ties. The latest tensions between Tehran and the West have left many Armenians worrying about the future, given…- ….


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Feb 20

Foreclosures still threaten US economic recovery- source- telegram.com


From World Business Source : telegram.com

World Business Excerpts from Newstweeters.com

Commentary: A possible hindrance to economic recovery in America might be the ongoing and deepening Foreclosure Crisis- excerpt below

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…. – Foreclosure crisis continues to weigh on US economy Worcester Telegram Foreclosures weaken the housing market, and a weak housing market is a drag on the economy . Massachusetts Attorney General Martha…- ….


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Feb 20

US Economy rigging Wall Street, but leading to collapse? – Tweet- @LCrantson1939


From Progressive News Tweets Source : @LCranston1939

Progressive News Tweets from Newstweeters.com

Commentary: Provacative Article suggests that the whole US Economy is designed to perpetuate and support the Wall Street Financiers, but that this support is not going to be sustained for much longer.  This article does not suggest a definitive time frame for this possible impending collapse.  This issue of the top-down, corporatist-centered economy that is the US Economy, could be a uniting point for left and right political pursasions- News Tweets below

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…. -Why and How the US Economy is On the Edge of a Precipice http://t.co/6EqK7dgf #topprog #p2 – ….

excerpt from tweeted article-

The title is       There’s No Tomorrow  .

  And here’s a good companion video clip of Max Keiser interviewing futurist Dmitry Orlov, who says our political-economic system has been rigged so as to perpetuate and ever enlarge the financial system centered on Wall Street, but that this rigging takes place at the expense of every other aspect of our economy, and will do so for as long as possible — which Dmitry says won’t be for much longer.

US Economic Collapse on the Edge, with Max Keiser,   here.


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Feb 18

Euro zone crisis affects credit ratings- source- reuters.com


From World Business Source : http://reuters.com

World Business Excerpts from Newstweeters.com

Commentary: Over one hundred financial institution credit ratings could be decreased by Moody as a result of the euro zone crisis. – excerpt below

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…. -(Reuters) – Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is… – ….


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Feb 17

Russian Oil poised to reep Iran Embargo wiinfall- source- nytimes.com


From World Business Source : nytimes.com

World Business Excerpts from Newstweeters.com

Commentary: If the Iran oil embargo goes through, Russia is set to benefit from the freeze on Iranian oil- excerpt below

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…. – With a grade of oil closely resembling Iran’s, Russia could reap windfalls from European customers willing to pay premium prices.- ….


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Feb 17

Greece and Germany clash define new schisms in European unity- source- news.yahoo.com


From Breaking News Source : news.yahoo.com

Breaking News Excerpts from Newstweeters.com

Commentary: The Greek-German friction buillding over the bailout structing of Greek debt is revealing fractures within the European Union- excerpt below

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…. -ROME (Reuters) – Whether or not Greece secures a new bailout to avoid bankruptcy next month, relations between Athens and Germany look close to breaking point. Their inflammatory exchanges reflect a …- ….


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Feb 16

Govmotors loses big- job cuts looming? – source- news.sky.com


From World Business Source : news.sky.com

World Business Excerpts from Newstweeters.com

Commentary: After Obama’s bold moves to covert private bondholder stock to ownership for his crony capitalist friends, the Union Elites, after billions of american dollars have been pumped into the ’too big to fail’ company we affectionately term, GOVMOTORS, it seems the government subsidies aren’t enough to make GM a viable concern in Europe, with big losses coming in on the heels of the much vaunted profit report of 2011 (that showed record profits, but no taxpaper relief from debts accrued in the name of this Obama/Union owned state venture)- the losses are triggering fears that Govmotors may soon have to cut jobs to offset these losses- so much for Obamanomics - excerpt below

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…. -The US owner of Vauxhall, General Motors, has announced large losses in Europe, sparking fears jobs could be axed.- ….


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Feb 16

Downgrades May Be Coming For Europe-source-reuters.com


From World Business Source : reuters.com

World Business Excerpts from Newstweeters.com

Commentary: The plot thickens in the eurozone debacle as more and more are becoming unwary of it. Moody’s has warned that it may be cutting credit ratings for over 100 European financial institutions.  - excerpt below

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…. -(Reuters) – Moody’s warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is… – ….


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Feb 16

Break Up Threats Face UK Banks-source-sky.com


From World Business Source : sky.com

World Business Excerpts from Newstweeters.com

Commentary:Things are getting serious in the UK. Serious enough that threats are being issued against the banks. A lot of the issues stems from the issue that banks are not making anything easy for their customers. This lack of service is something being seen across the board, despite the emergence of newer banks.  - excerpt below

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…. -The UK’s banks have been warned they face a forced break-up unless the sector embraces customer service reforms.- ….


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