Trouble for city from the EU
History shows that major financial and economic centres are delicate to say the least Europe is littered with cities that once prospered as financial centres, yet are today a small shadow of their former self.
London should be aware of this because the main factor involved in the demise of these once high and mighty cities [...]
Goldman Sachs tries to silence blogger
On some occasions bloggers have caused despair and problems for certain people, this is put down to the fact that they are unregulated and therefore write what they want about whomever they want.
One such blogger Mike Morgan has got under the skin of US bankers Goldman Sachs who have instructed a top law firm Chadbourne [...]
Credit crisis can be good for your bank balance
The current financial crisis is going to have different effects on different people; it all depends on how their finances were holding up at the time when the credit crisis first started.
However the recession can be good for some people as there are many opportunities for UK consumers to get some great deals and [...]
Organizing business finances
Managing business finances is not that different to managing personal finances except that business finances are much more serious and in some cases are governed by laws. Because of this, it is essential that a firm grip is taken on them, especially during these current times.
There are some simple methods that can be put into [...]
It is a $100 Trillion note for Zimbabwe
There is a real sign of hyperinflation and that is when the central banks start issuing high denomination bank notes. We have been following this in Zimbabwe where the president, Robert Mugabe has found his country virtually cut off from the outside.
The central bank has had to introduce the highest denomination bank note ever recorded [...]
Interest rates down in the Eurozone
The European Central Bank (ECB) has once again reduced interest rates by another half of a per cent to two per cent, this is the fourth time since September that interest rate have been reduced when they were well established at four and quarter per cent.
However this new rate is still higher than those in [...]
Get your finances under control
Today as the new year finally gets under way the reality of the financial crisis reappears, for many people the credit crunch has been on the back burner for a week or so, but with the festive season now behind us, it is time to face up to reality.
There are several ways to get yourself [...]
How to mess up your finances
For many people telling them how to mess up their finances is not needed this is because they are doing a very good job of messing their finances up all on their own.
However you have to think that this is not by design and is more by not understanding where they are going wrong, which [...]
Downturn means more people keeping chickens
Is it a sign of the economic times or the fact the people want to go free range, that there has been a marked rise in the amount of families who have decided to give up some of their garden to chickens? The idea being that for giving the birds the leftovers from diner, they [...]
December 19, 2008How to set up a budget
When a person first sets up home it seems like a great thing, you can do what you like, go out, stay in and most of all spend your money on whatever you want, but in reality, setting up home is not all fun and games.
If you intend to stay in your own place, then [...]
Zimbabwe issue $200 million notes
It is amazing to see that Zimbabwe have issued a $200 million note, this comes just a few days after the treasury issued the first $100 million note.
However, this is a sign of severe problems with the economy of the country where a single loaf of bread is currently priced at $35 million and rising [...]
Saving money over Christmas
People have different ideas as to what sort of money should be spent over Christmas, there are other factors involved of course but generally this year is would appear to be that there is going to be a definite downturn in consumer spending.
However, this should not have to be a worry for anyone as a [...]
The cost of having a baby
There is no getting away from the fact that there are financial costs being attributed to almost every part of our lives these days. However, one thing that can have a dramatic effect on the finances is having a baby, not only is this a stressful time, there is the added worry of how [...]
November 25, 2008Sorting out finance before marriage
As if getting married was not stressful, enough there is also the financial side that needs to be considered as well.
The trouble is that these days almost nobody has a clean slate when they eventually find that special person who they would like to spend the rest of their lives with.
It is one thing to [...]
Car makers could be next to suffer
We have been amazed recently on how the entire banking system has been saved by government, but could this be the tip of the iceberg? As the car industry is looking very shaky, even more so than normal, could we be looking at a collapse in this industry next?
The first sign of this financial crisis [...]
Be poor for a week
When there is a downturn in the economy, it is easy for those people who are not yet directly affected by it, to think that everything is going to be ok. However, as we have seen recently this sort of thing can descend on the most unsuspecting people.
In order to survive a downturn it is [...]
Bank jobs at risk
It may have only been a few days ago when the Royal Bank of Scotland (RBS) were bailed out by the government to the tune of around £20 billion, but already it would seem that there are plans to axe around sixteen thousand jobs, which is around ten per cent of the bank’s global work [...]
October 9, 2008Moving abroad is good for the kids
It is a simple fact of life that living abroad can be good for your family’s lifestyle and more importantly the family finances. In research carried out for the HSBC they found that not only are ex-pats happier with their new lives, they are in fact better off too.
The cost of raising children abroad is [...]
Protecting your finances
With the financial world in collapse, many people are wondering what they can do to prevent a financial crisis of their own from happening. Many people will say that there is nothing that can be done as this is out of your hands, but is it.
There are plenty of opinions out there, but which is [...]
Germany blames US for financial crisis
Following the speech by President Bush the other day, there has been a lot of feedback from the private and public sector not all of it being good or supportive of the plans or the argument that he put across as being the cause for it.
Peter Steinbruck the German finance minister has come out as [...]