Greece helps US regain week’s loss March 8, 2012 US stocks rose yesterday, recovering most of the week’s losses, after Greece moved closer to a bond swap with private creditors to avoid a messy default. Earlier in the week, the S&P 500 posted its first big loss for the year on fears of a disorderly default in Greece. Now it is down just 0.3 [...]
Disaster stalks triumph for Greece as debt deal leaves Eurozone taxpayers at risk March 8, 2012 THE GREEK private sector involvement (PSI) plan, the process under which banks and other bondholders will take losses, last night claimed sufficient take-up for collective action clauses (CAC) to be triggered, which would force all holders of Greek law bonds into the restructuring plan. If CACs are triggered this morning, where does this leave Greece? [...]
A Parliamentary blueprint to end banking hazards March 8, 2012 STEVE Baker MP has proposed a private member’s bill, the Financial Institutions (Reform) Bill, calling for radical reforms to the banking system and an end to state involvement in banking. Baker is co-founder of the Cobden Centre, a free-market institute advocating the restoration of sound banking and honest money, and is the Conservative MP for [...]
Taking fewer decisions is the smartest choice March 8, 2012 IF YOU’RE going on a diet, you’d better start with a sugary drink. That’s the counterintuitive message of Willpower, a fascinating new book by Roy Baumeister and John Tierney exploring the biochemistry of self-control. Baumeister and Tierney argue, based on a considerable body of experimental research, that the ability to resist temptation takes considerable energy [...]
RAPID RESPONSES March 8, 2012 Struggling youth [Re: Mortgage time-bomb UK’s top threat, yesterday] I agree that rates will go up in the future, but when will they stop rising? If rates go up to 7 per cent, those who took out mortgages 10 years ago will generally manage. It’s the younger generation who will get hit hardest. Those who [...]
Living in the limelight March 8, 2012 IF you’ve got the cash, you’re unlikely to spend it better than on this Grade-II listed former water tower – if originality alongside opulence is your bag. Note that the property is being sold 90 per cent complete, leaving 10 per cent of the refurbishment to the buyer. Built in the early 1930s it was [...]
Home is where the luxe bath is March 8, 2012 Tubby Tub Bath Price on request www.albionbathco.com Utterly adorable, unique bath that you can pop in the smallest of bathrooms or your bedroom in a corner. Jacuzzi Reiti bath £289 www.bathroomvillage.com With 70cm of depth and 42cm height, this is a practical but elegant and affordable choice. Touchstone Landmark bath £2,229 www.bathstore.com IInspired by the [...]
THE LONDON BAROMETER March 8, 2012 SALES DIRECTOR OF DOUGLAS & GORDON In D&G land, February saw the lowest levels of available properties since December 2009 as a result of consumer confidence remaining low, a lack of job security and a knock on affect from economic turmoil in Europe, whilst the number of prospective buyers registering is still at an all-time [...]
Bilbao Basque in the glory of Old Trafford masterclass March 8, 2012 MANCHESTER UTD 2 vs ATHLETIC BILBAO 3 MANCHESTER UNITED manager Sir Alex Ferguson admitted he would be forced to risk the creaking body of veteran centre-half Rio Ferdinand if his side are to prolong their involvement in the Europa League, following last night’s sobering first leg defeat against Athletic Bilbao at Old Trafford. Managed by [...]
Kompany calf strain adds to City concerns March 8, 2012 SPORTING LISBON 1 vs MANCHESTER CITY 0 MANCHESTER CITY manager Roberto Mancini hopes his captain Vincent Kompany will make a quick recovery from the injury that saw him hobble off during the early exchanges of last night’s Europa League defeat in Lisbon. Brazilian Xandao’s impudent back-heel ended City’s run of six consecutive victories in all [...]
