The Pentagon misplaces $15 Billion
Everyone who is in charge of any organisation whether it is large or small, private or publicly funded, always feels a little bit of anxiety so we can only imagine how the person in charge of the Pentagon feels when the auditors come back saying that there is $15 billion missing!
But we should not be [...]
Interest rates cut in the US
As food and fuel prices still carry on rising, the Federal Reserve in the States have cut interest rates again for the seventh month in row, but as prices continue to rise is this just delaying the inevitable?
It is believed or hoped, that the rising prices of fuel and food will not continue past a [...]
Is £50 billion enough to save the economy?
What would seem to be the largest amount cash that the Bank of England have ever put into the banking system, it is in order for the UK banks to be able to lend more money out to the UK consumers, but will this amount be enough to save the UK economy?
At present the [...]
Gordon Brown defends UK finances
Having been applauded for so many years as the best Chancellor of the Exchequer that this country has ever had, it must be coming as quite a shock for the Prime Minister Gordon Brown to find that his management of the country and in particular the finances of the UK are being questioned.
In fact during [...]
Surviving the crash
With the future looking fairly bleak these days, it may be necessary to take some cautionary steps now in order to survive into the future. There have been many stories of how bad it was during the between to the two world wars, but it could happen again!
In order to get through a deep recession [...]
Is a great depression looming?
It is a frightening prospect that there have been many comparisons made between the world economy of today and that of seventy five years ago, when it was then known as the great depression.
There has been a boom in mass production, along with a boom in mass consumption. These two things actually mean suggest [...]
Euros accepted in New York
The strength of the Euro cannot be denied these days, it is not the Mickey Mouse currency that many people believed that it would be. But the biggest casualty of the Euros success has to the US Dollar. This has been seen to slip further and further down, so much so that travelling to the [...]
March 12, 2008Virtual banking shut down
Second life the virtual world where there are some weird and wonderful things going on, has been suffering from what can only be described as a financial crisis, a bit similar to the real world I suppose. But there have been rumours of some not very nice things going on in the island world that [...]
February 21, 2008Build a life from nothing
Start off with nothing but small change and a rucksack, is not everyone’s idea of getting out in the real world and try to find your way, which is not always easy.
But for one man who decided to leave all of his family’s comfortable lifestyle and made a conscious decision to not use any family [...]
Stuck in the rat race
The way that we live today is entirely different to that of a few years ago; no longer can we reply on job security or in some cases in the security of knowing that our future is safe from hardship. But there are things that can be done that will ensure that life can be [...]
February 5, 2008Bin Laden out to bankrupt the US
It could not have been timed more perfectly, right in the middle of the US lead up to the presidential elections. The message could not be any clearer, Osama bin Laden stated that it was al Qaeda’s goal to force the US into bankruptcy.
“We are continuing this policy in bleeding America to the point [...]
The $10 million note
With the state of the financial world as it is, the maybe we should take a look at Zimbabwe, where they have just released a $10 million note, which sounds all very grand and that, but it is not great as we think it is.
The country is suffering what could be termed as hyper [...]
Stock markets crash around the world
The world stock markets to a dive for a day running fuelling rumours of a US recession and the fallout too, which would affect virtually every other country around the world.
The US market and economy has been seriously battered for the last six months or so, with housing market problems and now with a recession [...]
Debt crisis, what debt crisis?
There are growing concerns in the States regarding the possibility of a recession happening or it is possible that there may already be the beginnings of a recession already upon us.
This follows what the top Wall Street firms Merrill Lynch, Morgan Stanley and Goldman Sachs have been saying, but if we are to take notice [...]
Save energy and money
Whenever the environment is mentioned this is almost always followed by the fact that we all need to cut back on the amount of energy that we are all using as this effects the emissions released into the atmosphere and therefore goes on the cause global warming.
Here are some energy saving tips:
Lower your water [...]
Oil reaches $100 a barrel
Whatever the reason given, the troubles in Pakistan, Africa or even the weak US currency the price of a barrel of crude oil rising by over four dollars to over a $100 is not going to be good news, unless you actually own an oil field.
This may seem an insignificant bit of news, but couple [...]
Banks get cheap money
There is a real move going on to revive the world banking industry, this is being coordinated by the US Federal Reserve and involves banks from the UK, Canada, Switzerland, USA and Europe. Where they will provide billions pounds worth of loans to banks that need it, but at very attractive rates of interest, the [...]
December 7, 2007Women take control of finances
A role that has been traditionally that of the man of the house, the main earner, is being taken over by the woman. This is partly down the fact that there are more women these days who are earning more money than the man of the house, in fact in the past five years this [...]
November 20, 2007Low borrowing rocks the global markets
The global financial markets are in a dire position, the melt down which stated in the States is spreading around the world and every time there is a slight bump the whole industry flinches. Given that the property values have not really been entered into the equation, there is a very delicate situation.
With all of [...]
Barclays write off £1.3 Billion
The UK’s number one bank saw its shares fall after announcing that they would be writing off almost £1.3 billion of bad debt. This figure includes a massive £800 million loss that resulted from the now infamous US “Sub Prime” crisis in October, the other £500 million had accumulated over the third quarter of trading, [...]