Wall St edges higher in last minute swing May 24, 2012 US stocks ended slightly higher in a third session marked by late day swings yesterday, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending. Major indexes were lower for much of the session, as investors found little reason to buy following three days of gains. [...]
The gold standard gives priceless insights into how to save the euro May 24, 2012 THERE is almost no economic problem for which there is not at least one precedent. Examining precedents can help guide policy makers and their advisers – if they are willing to look. But policy makers trying to deal with the euro crisis have not taken advantage of this opportunity. Many currency unions have been formed [...]
Celebrate the open power of the 2012 Olympic truces on tax and visas May 24, 2012 THE Olympic flame is making its way around the length and breadth of Britain, a vivid symbol of one of the key values of the ancient Games: freedom of movement. Before the games at Olympia, a truce was declared so that officials and athletes could make their way to the Games without hindrance or legal [...]
Britain’s solitary stance on energy policy is foolish May 24, 2012 THE government’s draft Energy Bill is an utter disaster. It reverses the course of UK energy deregulation, which cut prices, and will lead to confusion for companies and added costs for consumers. Lord (Nigel) Lawson, who as energy secretary was the architect of Britain’s energy market deregulation in the 1980s, has warned that the Bill [...]
Should Britain consider regulation to end the current model of no-charge banking? May 24, 2012 YES Alex McEvoy Banks sell a very complicated set of products and clarity is vital so that customers understand what they are paying for. It costs a bank hundreds of pounds a year to service an account – for cards, secure websites, statements, and anti-fraud systems, as well as complying with regulations. Banks currently make [...]
RAPID RESPONSES May 24, 2012 Europe’s cash cows [Re: Europe’s shared currency shouldn’t entail Germany bankrolling a debt union, Wednesday] An interesting article by Jamie Whyte, though it misses one crucial point. Whyte’s premise that Germany shouldn’t subsidise other EU members, by principle, forgets one long-standing policy – the Common Agricultural Policy. Germany has indirectly subsidised French agriculture for years. Of [...]
CRASH PADS May 24, 2012 For the City’s movers and shakers, it’s the million pound question: do you live in the town centre and save yourself hours of tedious, stressful commuting, safe in the knowledge that you own property in one of the world’s cultural hubs? Or, do you move to the commuter belt, get yourself a bigger house with [...]
Two Grade-II dream homes: one with world-class equine facilities May 24, 2012 Burnham Westgate Hall, Norkfolk It’s not every day you describe a potential home as “important” – well, this building is just that: a Grade II* listed Georgian country house by the famous Sir John Soane, set in over 30 acres of beautiful Norkfolk parkland, on the edge of Burnham Market town. Architectural features include a [...]
Get your home in a royal mood May 24, 2012 Jonah armchair designed by James Harrison, £499, made.com Winner of an Elle Decoration Young Designer of the Year Award, Harrison’s patriotic chair has good support and a velvety soft woven jacquard fabric for a luxury feel. Graham and Greene vintage union jack bunting, £26, grahamandgreen.co.uk The ideal accompaniment to any Jubilee-themed garden party, but understated enough [...]
LONDON BAROMETER May 24, 2012 DIRECTOR OF DOUGLAS & GORDON “The London property market continues to be hindered by the lack of finance available to buyers, which has increased the period it takes for a property to exchange to at least nine weeks. “Supply appears perhaps lower than it is because many good properties are put under offer immediately but [...]
