Obama wants Buffett Rule April 10, 2012 US President Barack Obama wants to push ahead with a minimum rate of tax for millionaires, despite figures showing that high earners pay on average far higher rates than most Americans. The proposal, known as the Buffett Rule after the Sage of Omaha Warren Buffett, would ensure that those earning over $1m a year would [...]
Oligarch hits Glencore and Rusal with suit April 10, 2012 GLENCORE was dragged into a worsening dispute between two Russian oligarchs yesterday, as aluminium producer Rusal announced that its former chairman is to take legal action against the company and the commodities trader over a $47bn supply contract. Viktor Vekselberg quit as Rusal’s chairman three weeks ago and has since notified Glencore and his former [...]
The economics of the airline industry are sheer hell April 10, 2012 AVIATION has changed massively since the era of Pan Am, a byword for style and sophistication in its 1960s heyday. The once besuited passengers have been replaced by an understandably angry mob, fighting to fit their suitcases into fluorescent-coloured over-head cabins. It is out with the caviar and freshly cooked roast beef and in with [...]
Pension pots set for change April 10, 2012 THE PROJECTED rates of return on personal pension and life insurance products need to be reduced, according to a study for the Financial Services Authority. Projection rates, which show prospective returns on investments, should be put at a more “realistic” figure to reflect the economic outlook, a report by PricewaterhouseCoopers said. Peter Smith, head of [...]
ABI warns on Barclays pay April 10, 2012 THE ASSOCIATION of British Insurers has voiced concerns about executive pay at Barclays, raising the pressure on the bank over chief executive Bob Diamond’s recent £17m pay award. The ABI, whose members own 20 per cent of the FTSE All-Share index, has issued an “amber top” warning over the pay, one step down from its [...]
Carroll lifts Dalglish as Reds keeper crisis grows April 10, 2012 PREMIER LEAGUE BLACKBURN 2 vs LIVERPOOL 3 LIVERPOOL manager Kenny Dalglish sidestepped another refereeing row last night after an evening of mixed fortunes saw £35m misfit Andy Carroll snatch a late winner but the Reds’ goalkeeping crisis deepen. Carroll headed home in injury time to claim his first Premier League goal since January and earn [...]
Ivanovic faces ban after day of shock calls April 10, 2012 CHELSEA defender Branislav Ivanovic is facing a three-match ban and QPR have failed in an appeal against Shaun Derry’s controversial red card after a day of surprising decisions by the Football Association. Manchester City striker Mario Balotelli will also face no further action over his knee-high challenge on Arsenal’s Alex Song, meaning he could return [...]
Twenty20 blow as Broad told he’ll miss IPL April 10, 2012 ENGLAND’S 20-over captain Stuart Broad is set to miss valuable short-form cricket practice ahead of this year’s World Twenty20 after being ruled out of the remainder of the Indian Premier League season. Nottinghamshire paceman Broad, who flew home early from the recent tour of Sri Lanka with a calf strain, is not expected to recover [...]
Bahrain GP will go ahead, says Ecclestone April 10, 2012 FORMULA One boss Bernie Eccelstone has attempted to brush aside growing concerns that this month’s Bahrain Grand Prix will have to be cancelled for a second consecutive year because of security fears. Ecclestone’s remarks came after further political unrest in the troubled Arab state, where a home-made bomb injured seven policemen during a protest near [...]
Silva, not Balotelli, is real reason for City’s collapse April 10, 2012 LARGER than life Mario Balotelli has borne the brunt of the blame for the collapse of Manchester City’s Premier League title challenge, but he is just one of the reasons for their dramatic slide, and not the biggest. Losing influential midfielder Yaya Toure in January during the African Cup of Nations was a massive loss [...]
