Inflation forecasts stretch credibility

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapp Inflation forecasts stretch credibility Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndo Wednesday 11 August 2010 8:32 pm Show Comments ▼center_img Share ANALYSTS reacted with incredulity yesterday as Bank of England governor Mervyn King claimed that “temporary shocks” were to blame for persistent above-target inflation and that the Consumer Price Index (CPI) would return to the Bank’s two per cent target before the end of 2011.This means the Bank once again pushed out the deadline by which it will hit the target, having previously forecast it would do so by the end of this year.But analysts said that after five years of getting it wrong, the Bank’s projections are testing credibility. Fathom Consulting’s Danny Gabay called King’s explanation for missed forecasts “the Lemony Snicket defence – it’s all a series of unfortunate events. The Bank didn’t come clean about why their forecasts have been so badly wrong”.And Henderson’s Simon Ward cast doubt on the Bank’s assumption that spare capacity will weigh down on inflation next year: “Again, they wheeled out this argument about spare capacity without taking into account the fact that it has not worked,” he told City A.M..The Bank’s argument about spare capacity defies some of its own analysis. Explaining why its projections have been wrong, yesterday’s report states: “The recent recession may have had a more immediate adverse impact on effective supply than anticipated, so that a smaller margin of spare capacity has emerged.” KCS-content whatsapplast_img read more

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HSBC first in line for stake in Nedbank

first_img HSBC yesterday confirmed it is in exclusive talks with insurer Old Mutual to acquire up to 70 per cent of the shares in Nedbank, South Africa’s fourth largest lender, in a bid to aggressively ramp up its offering in the country.The parties have not disclosed the terms of a potential deal, though analysts yesterday said that the acquisition would likely be at a premium of anything up to 20 per cent of Nedbank’s current market value, meaning that HSBC could be in line to pay out almost £5bn for the stake.Old Mutual’s acceptance of the deal is dependant upon it receiving approval from the country’s central bank, South African Reserve Bank (SARB), to transfer £1.5bn of the proceeds over to the group balance sheet to pay down its debt.However, the firm appeared confident of gaining consent for its plans, with chief executive Julian Roberts saying Old Mutual would not have gone into exclusive talks without hope of regulatory approval.Analysts at Bank of America Merrill Lynch said: “We note that this alone would be sufficient to meet the group’s objective to pay down £1.5bn of debt by the end of 2012. This is significant in that not only does the group now look very comfortably capitalised, but there will be significantly less need to retain earnings going forwards – a positive for dividends and other shareholder cash return mechanisms.”The rest of the funds would be reinvested in South Africa and other emerging markets, Old Mutual said.For HSBC, which beat rivals such as Standard Chartered in bidding for the stake, the move will provide it with a launching pad to properly break into the rapidly-growing African market.The bank has traditionally lagged its peers on the continent, making a deal of this magnitude even more crucial to its strategy of capitalising on emerging markets growth. Its customers in Asia, where chief executive Michael Geoghegan relocated earlier this year, are increasingly showing an appetite for striking deals in Africa, Share HSBC first in line for stake in Nedbank whatsapp LAZARDFINANCIAL ADVISER TO HSBCIT’S shaping up to be quite a silly season for the investment banks, which have been shocked out of the usual August lull to advise on the M&A boom currently gripping the City.Advising on the deal of the day yesterday, HSBC’s proposed acquisition of a controlling stake in South Africa’s Nedbank from Old Mutual, were an impressive roster of large and small investment banks.Lazard was on HSBC’s side, having been hired by the bank almost two months ago to evaluate a potential deal. Its advice has clinched HSBC exclusivity in the deal talks, fighting off stiff competition from the likes of fellow emerging markets-focused giant Standard Chartered.Old Mutual has also brought in the big guns, with retained broker and financial adviser Bank of America Merrill Lynch, blue-blooded bank Rothschild and boutique Lexicon Partners all playing their part on the deal for the insurer. BoA Merrill Lynch’s team was led by head of international M&A Carlo Calabria, head of European financial institutions Henrietta Baldcok and Marc Heilner, the bank’s head of corporate and investment banking on the ground in South Africa.Nedbank, meanwhile, has engaged Credit Suisse. whatsapp KCS-content center_img Monday 23 August 2010 8:29 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Tags: NULLlast_img read more

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LAWYER OF THE YEAR | The Shortlist

first_img Show Comments ▼ OUR list of lawyers reflects the breadth of legal work in the City, from the head of a firm that has recently merged, to one who advised the government on the banking bailout, the chief of the financial regulator and a pace-setting female head of a flourishing boutique firm. Hard to compare? Yes, but they show that the law is flourishing. Don’t miss the City event of the year – get online now and book your table for the City A.M. Awards on Thursday 28 October 2010 at Grange St Paul’s Hotel, London EC4. www.CityAMAwards.com. NILUFER VON BISMARCK, SLAUGHTER & MAYLong a star of the City’s legal scene, she was one of the lawyers called in to advise the government on the nationalisations of RBS and Lloyds. This year she stayed in the limelight by advising the Pru on its rights issue, and advised Standard Chartered on both its Indian listing and its $500m investment in Agricultural Bank of China. She is currently advising Tomkins on the £3bn bid by Onex and CPP. A class act.EDWARD BRAHAM, FRESHFIELDBRUCKHAUS DERINGERThe biggest coup of the year in the City’s legal circles was Freshfields pinching BP from Linklaters. As head of the worldwide corporate practice group, Braham was one of the men behind the audacious victory. He has long been a leading light ­– he acted for CVC on its acquisition of majority ownership of Formula One, and Anheuser Busch’s bid for Harbin Brewery in China – but it’s for pulling off the BP deal that he makes our shortlist. MARGARET COLE, FSAA partner at White & Case, Cole joined the FSA in 2005 as Director of Enforcement. She has been behind its new, tougher stance of providing “credible deterrence” over the past year. Her influence is being felt. The regulator has imposed £60m in enforcement fines in the financial year so far, tightened its anti money-laundering regime and cracked down on mortgage fraud. As a nominee says: “She has had a very good year”.DAVID HARRIS, HOGAN LOVELLSThere was no greater sign that London’s law firms are still global players than the merger of City firm Lovells with Washington-based Hogan & Hartson earlier this year, a deal masterminded by managing partner David Harris. The newly formed firm looks truly modern, adding Lovells’ global reach – it is big in Asia – with Hogan’s American focus. At a time when many City law firms are still feeling the pinch, and shedding staff or worse, Harris showed that he had the sheer chutzpah to take his firm to the next level. CLARE MAURICE, MAURICE TURNOR GARDNERShe became the first woman partner at Allen & Overy in the mid-80s, and last year she spun off the private client arm into boutique firm Maurice Turnor Gardner – “a brave move in the middle of a recession”, says a nominee, especially after 33 years at A&O. It has been a great success, though. Despite the unpromising timing, in its first year the firm won over 100 new clients, an increase of a third. Those who have worked with her say clients respect her judgment as well as her legal skills and call her “inspiring”. More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Sunday 5 September 2010 10:17 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Sharecenter_img whatsapp KCS-content LAWYER OF THE YEAR | The Shortlist whatsapp Tags: NULLlast_img read more

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Stuart Rose cheers One New Change

first_img Share Stuart Rose cheers One New Change by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsapp CITY shopping centre One New Change attracted thousands of workers from across the Square Mile when it opened for trading yesterday. Outgoing Marks & Spencer chairman Sir Stuart Rose officially opened the mall, which is home to 60 shops and restaurants on Cheapside opposite St Paul’s Cathedral. Topshop owner Sir Philip Green and representatives of the Lord Mayor of London also attended the opening. Rose told City A.M.: “I think it’s the perfect time to be opening this centre. These things take years to plan, and this recession isn’t going to be here forever. This is an investment in London that will be here for 100 years.” Rose said he was pleased with the performance of Marks & Spencer since he handed over the reins to Marc Bolland. “He is absolutely the right leader for Marks & Spencer, and I am very happy with him leading the business. As for the M&S opening today – the more the merrier, though I would have liked to have seen a bigger store.”Colette O’Shea, development director at developer Land Securities, said she hoped the centre would become a stand-alone destination. “It’s somewhere that you can bring your family and spend time. It’s really going to change the face of the City, especially at the weekend.”She said the firm had no plans on whether to sell the mall: “We have not thought that far ahead – the plan at the moment is to get it running.”Shops that opened yesterday include Superdry, H&M and Jamie Oliver’s new restaurant, Barbecoa. Just over three-quarters (82 per cent) of the shops opened for business yesterday. FAST FACTS | ONE NEW CHANGELand Securities first obtained planning permission for the shopping centre in 2003. The three-storey building, nicknamed the Stealth Bomber, also contains office space and a rooftop terrace, which opens in November KCS-content More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img whatsapp Thursday 28 October 2010 8:10 pm Show Comments ▼ Tags: NULLlast_img read more

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BP didn’t cut corners on safety

first_imgMonday 8 November 2010 10:02 pm Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Share KCS-content THE US commission investigating the largest oil spill in American history said yesterday its preliminary investigation had found no evidence to support the accusation that it happened because BP and its partners cut costs to save money.The White House commission instead blamed the oil spill on a series of misjudgments by employees working on-site.“To date we have not seen a single instance where a human being made a conscious decision to favor dollars over safety,” the commission’s chief counsel Fred Bartlit said blowing apart accusations that had been levelled at BP during the summer.In fact, the commission panel agreed with around 90 per cent of the findings of BP’s own internal investigation of the accident released earlier this year.BP’s report laid much of the blame for the accident on its drilling partners, Transocean.Bartlit said BP’s well design was not inherently faulty, although it did have some impact on the drilling project’s operations.But the panel’s investigators concluded BP took unnecessary risks as it tried to temporarily abandon the Macondo well, a finding BP disputed.Over the summer several US politicians accused BP and other companies involved in drilling the well of sacrificing safety for financial gain, an accusation BP has always denied. Tags: NULL whatsapp BP didn’t cut corners on safety last_img read more

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Collins Stewart to enter big league

first_img Collins Stewart to enter big league More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKansas coach fired for using N-word toward Black playerthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorythedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsapp Tags: NULL whatsappcenter_img KCS-content BROKER and financial services group Collins Stewart has picked up its first FTSE 100 client.Randgold Resources, an Africa-focused gold mining and exploration company with a market capitalisation of £5.5bn, has hired Collins Stewart as its joint corporate broker, along with Bank of America Merrill Lynch.HSBC, which has advised Randgold since before it listed on the London Stock Exchange in 1997, remains the group’s financial adviser.While the FTSE 100 has traditionally been served by global investment banks, smaller players are starting to win accounts. Earlier this year fellow small-cap broker Numis was taken on as joint corporate broker for FTSE 100-listed Alliance Trust. Show Comments ▼ Share Tuesday 9 November 2010 8:53 pmlast_img read more

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RBS set to sell Priory Group for up to £1bn

first_imgSunday 9 January 2011 10:59 pm RBS set to sell Priory Group for up to £1bn whatsapp Show Comments ▼ Share THE Royal Bank of Scotland (RBS) could finally be on the verge of selling care homes operator the Priory Group, famous for providing refuge to pop stars like Pete Doherty and Robbie Williams. RBS is poised to close a deal with private equity firm Advent International within the next few weeks.Advent was one of several firms interested in purchasing the Priory Group in September. Bain Capital, a US private equity firm originally led the way, yet negotiations dragged through November as disagreements over the asking price couldn’t be settled. RBS is said to have reopened the auction to earlier bidders such as Advent and Blackstone, before Bain’s bid officially collapsed last month.RBS, which acquired the group in 2007 when it bought ABN AMRO, still hopes to raise about £1bn from the sale, as it looks to shed its non-core assets.However, the asking price could yet again prove to be a stumbling block.RBS, along with Deutsche Bank, is also thought to be a leading candidate to finance the deal. Yesterday RBS and Deutsche Bank declined to comment. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULL whatsapp KCS-content last_img read more

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Davos explosion work of activists

first_imgThursday 27 January 2011 8:33 pm Davos explosion work of activists Show Comments ▼ whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Sharecenter_img KCS-content LEFT-WING activists claimed responsibility for a small explosion yesterday that broke windows at a hotel in Davos, close to where top executives were meeting, but nobody was hurt.“A huge boom went off. The whole ceiling lifted,” said Devin Wenig, chief executive of Thomson Reuters’ Markets division. The main programme at the World Economic Forum meeting, addressed by French President Nicholas Sarkozy and former US President Bill Clinton yesterday, was not affected. whatsapp Tags: NULLlast_img read more

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Youth joblessness not so severe, says stats critic

first_imgSunday 13 February 2011 11:03 pm Youth joblessness not so severe, says stats critic Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute BRITAIN’S youth unemployment is bad but exaggerated by the government’s statistics office, an ex-Treasury statistician has said ahead of the latest labour market figures released on Wednesday.Unemployed young people account for “barely one per cent of the population,” claimed economic data guru Simon Briscoe.More young adults are attending tertiary education than ever before – a fact which the Office of National Statistics (ONS) ignores, distorting the figures, Briscoe claimed.Whereas it has been reported that 18 per cent of young people are unemployed, when including young people in education (as not unemployed), the figure is less than 13 per cent.“An unemployment rate under 13 per cent and a percentage point below where it was at the last peak in 1993 is just not so sexy – despite it being a more accurate measure of youth unemployment,” Briscoe said.There are currently less than 400,000 people aged 18 to 24 claiming jobseekers’ allowance, compared to over 1m in the mid 1980s, and over 800,000 in the early 1990s — although tougher conditions on benefits are partly behind the fall, he said. Sharecenter_img KCS-content More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comPuffer fish snaps a selfie with lucky divernypost.com whatsapp whatsapp Show Comments ▼last_img read more

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CITY A.M. | SHADOW MPC REMAINS SPLIT OVER RATE RISES

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org CITY A.M. | SHADOW MPC REMAINS SPLIT OVER RATE RISES KCS-content Tags: NULL ALLISTER HEATH | CITY A.M.“Quarter point rise. While not sensational, the business surveys indicate a return to growth for 2011. Rates should be gradually normalised to signal that the Bank is serious about fighting spiralling inflation.”SIMON WARD | HENDERSON“Half-point rise. The MPC’s forecast shows inflation 0.5 per cent above target in two years’ time. The economy is rebounding strongly in early 2011, wage settlements have firmed and broad money is growing faster.”GEORGE BUCKLEY | DEUTSCHE BANK“My view is for no change. While inflation has been well above target, the stalled recovery at the end of 2010 suggests it would be prudent to await the outcome of current quarter growth before raising rates.”MICHAEL SAUNDERS | CITIGROUP“Rates are likely to be hiked soon, prompted by rising inflation, elevated inflation expectations, the pick up in pay deals and signs that the economy returned to growth in the first quarter of the year.”VICKY REDWOOD | CAPITAL ECONOMICS“Leave interest rates on hold. The factors driving up inflation remain temporary. Rising oil prices add to the headwinds facing the economic recovery and increases the chances inflation will fall sharply further ahead.”TREVOR WILLIAMS | LLOYDS TSB“Price inflation is well above target but there’s little risk of a wage-price spiral. Deflationary forces are building. Bank rate must rise this year, but not until the second-half when some of the uncertainties abate.”HOWARD ARCHER | IHS GLOBAL INSIGHT“Hold rates. Weakening consumer spending and faltering service activity fuels concern over the economy’s underlying strength while current elevated oil prices will hamper economic activity. Caution is justified.”JAMIE DANNHAUSER | LOMBARD STREET RESEARCH“We side with the governor Mervyn King in the UK inflation debate. While risks are to the upside, we expect consumer price index inflation to fall below target in 2012. The time has not yet come to raise rates.”GRAEME LEACH | IOD“I would maintain the base rate of interest and leave quantitative easing unchanged. Money supply growth is too weak to contemplate higher base rates at present.” Wednesday 9 March 2011 7:49 pm whatsapp whatsapp Show Comments ▼ Share last_img read more

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