British Defend Will Use the Euro Currency
Uncategorized July 19th, 2010
LONDON – The British government denied the existence of a plan to adopt the euro currency. The assertion that a statement responding to European Commission President Jose Manuel Barroso before.
“Our position has not changed. We do not plan to change our position,” said a spokesman for British Prime Minister Gordon Brown, quoted by AFP on Wednesday (3/12/2008).
According to him, the decision whether to join the euro will be based on the interests of the British economy.
“We are seeing the benefits of euro membership, but the five economic tests criteria must be met,” he said, referring to the convergence of economic tests and a number of other things designed to Brown when he was finance minister under Tony Blair’s government.
Just so you know, before the euro was launched, the British government set five economic tests criteria as a condition of issuing a recommendation to join the euro.
Sterling exchange rate continued to sink since the credit and liquidity crisis broke out in the UK. The government also has allocated billions of pounds to prop up the banking system.
Barroso on Sunday, November 30 said that London was thinking about replacing pounds, as a consequence of the world financial turmoil that makes the currency continued to decline.
“We are now closer than ever. I will not reveal the secret talks, but some British politicians have told me: ‘If we use the euro, our condition will be better,’,” said Barroso told RTL radio, LCI France
Fed Report tighten Past Bank Lending
Credit & Loan July 19th, 2010
NEW YORK – United States Central Bank (The Federal Reserve / Fed) has recorded a number of banks tightening credit standards apply various loan products, ranging from residential mortgages to business loans.
In a recent survey revealed the Fed has tightened bank lending to all types of loans during the quarter due to the worst financial crisis in seven decades on the economy.
Fed survey revealed, the first two weeks in October, a large enough percentage of banks that have made borrowing standards and requirements in all major loan categories over the previous three months.
The Fed noted about 85 percent of domestic banks have been tightening lending standards for commercial and industrial loans. While loans to businesses recorded increased from 60 percent in the June survey.
Even a larger proportion of the bank, which has 95 percent of the tightening of lending standards for credit expansion and increase the medium to large businesses.
Nearly 60 percent of banks said they had done tightening lending standards on credit card debt, while 65 percent said the bank doing the tightening lending standards for other types of consumer loans for three months.
Some big banks also reported tightening lending standards on housing loans, as well as nontraditional residential mortgage loans and residential mortgage loans simple extension of loans to borrowers who have a weakness in the mortgage payment. This was done since the housing sector went bankrupt because of the global financial crisis
DENPASAR – I Ketut Agus Adi Putra (19) is desperate, imagine the school still had dared to steal. No kidding, the stolen gold is worth Rp123 million more.
Adi Putra is in a CMS in Badung, led to a police station for gold theft involved. “When we count, the total value of the stolen gold to reach Rp123 million more,” said Badung Police Public Relations Officer, Kompol Putu Indrajaya, Wednesday, (10/03/2010).
A number of gold jewelry has been sold to the fence, but oddly enough, precisely the other gold jewelry worth tens of millions of rupiah, thrown into a garbage can in Denpasar Jalan Hasanuddin and no one has found.
Events that led Agus began on Tuesday, February 23, there were Agus who lived in Banjar Undaki, Badung regency came to the house of a neighbor named AA Ngurah Oka Danan Jaya. At home the only place adjacent to it, Agus slipped in through the window.
Once inside the house, Agus Oka straight to the room that is not locked. “It was a quiet situation because the victim was out, so the perpetrators free to take the gold. Once the jewelry in hand, directly sold to the gold sellers. , the suspect had stolen gold twice at the spot,” said Indrajaya.
The amount of gold of the victims who worked at a bank that consists of three gold necklaces, three bracelets large size, the ring, two diamond earrings, a ruby gem. “Two rings and has sold giwangnya worth Rp8 million,” he explained.
Yet strangely, and 2 diamond earrings diamond 1 ruby instead discarded by the suspect into the trash cans on the Way Hasanudin. “And that rubies worth tens of millions, she dispose of goods in order to remove traces of evidence,” he explained.
Obama will veto Finance Reform
Finance July 19th, 2010
WASHINGTON – President of the United States (U.S.) Barack Obama said he would veto any legislation existing financial, if it does not contain “real reform” in the financial sector. On this, his government would overhaul the country’s banking system is power, the economic crisis during a large scale.
“We can not allow financial institutions, including taking your deposit, to take risks that threaten the entire economy,” he said in a national television the State, as quoted by AFP on Thursday (28/1/2010).
Obama urged policy makers to pass a bill (draft law) which would give new powers to tighten regulations made the government to liquidate the company, increasing capital requirements, and the limit of short-term debt held by banks.
“The housing sector has passed, with the introduction of financial reform is a lot happening this change,” Obama said in an article entitled Obama makes a State of the Union address
“Well, we can not let them win this battle. If the bill that ended at my table did not meet the test of real reform, I will send it back until we get it right,” he said.
This is in response in the face of widespread public anger at huge profits and bonuses that were reported by banks redeemed by the government, Obama has started a new year with measures to limit the size of financial firms deemed too big, “in an article titled Obama demands employment legislation without delay
He also vowed to separate investment and commercial banks, and introduced the largest levy financial firms to cover approximately USD700 billion in money that comes from restribusi taxes, such as the banking sector had fallen verge of collapse. In addition, Obama will promise poured $ 30 billion for small business.
But Obama denied his government had launched an attack on the financial sector. “I’m not interested in punishing the bank, I’m interested in protecting our economy,” he said.
U.S. Claims Unemployment Down
Economy July 6th, 2010
WASHINGTON – The Ministry of Labor United States (U.S.) said new unemployment benefit claims last week period (14-20 March) fell 14 thousand to 442 thousand.
Reporting from Reuters on Thursday (25/3/2010), the average of new claims for the past four weeks fell by 11 thousand to 453,750.
Ministry of Labor in an official statement yesterday said that new unemployment claims on an annual basis fell to 453 thousand. Previously, analysts predict unemployment claims dropped to 450 thousand from the position of the period 28 February to 6 March in the number 457 thousand.
Analysts rate decrease is a signal occurs labor market stabilization. Approximately 8.4 million workers lost their jobs since December 2007 or when the recession began to happen in the U.S
