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Wikileaks founder Julian Assange is ignoring a Metropolitan Police order to surrender himself at a police station, his representative has said. Susan Benn said he was advised to “decline to comply” and will remain inside the Ecuadorian embassy while his application for asylum is processed. Officers from the Met’s extradition unit delivered a note to Mr Assange at the London embassy on Thursday. He wants to avoid being sent to Sweden to [...] Proof that the markets are being artificially held up by the stimulus packages that US and Europe are fraudulantly using to their own ends. Now, if the job figures are good then the FR is less likely to throw another stimulus package out there which the baying animals on the stock exchange are all ready to stick their snouts into. http://news.sky.com/story/956815/markets-drop-amid-fear-of-good-us-job-numbers Market logic sours sentiment across Europe and the UK as investors seek [...] At the G20 Cameron welcomes the Greeks as choosing a bailout, but warns they must impose austerity and that consequences of not doing will be very severe (12:13 BST) http://www.telegraph.co.uk/finance/debt-crisis-live/9336591/Greek-election-debt-crisis-and-G20-Summit-Live.html http://www.telegraph.co.uk/finance/debt-crisis-live/9333028/Debt-crisis-live.html It seems more of the money may be coming from the usual sources including the IMF: • Spanish bond yields hit two-month high Latest 13.15 Here’s more detail of what will be in the terms of Spain‘s [...] (14:09 BST)Comments at 13:01 as to why previous euro skeptics have switched alliance to supporting the Euro, is because a collapse threatens a Great Depression, but to continue to throw debt at it also leads to an even bigger Depression, so appears its either a Great Depression or a Great Depression, one like the 1930s or a bigger one that is a complete wipeout: (11.14 BST in item): Spain says it can wait another two weeks before possibly requesting a bailout. Also UK PM Cameron and US President Obama make statement over the phone that something has to be done about European crisis (1.05 and 12.03 BST respectively in item): Spanish PM says other countries have a duty to support Spain but the banks need the support otherwise there will be global collapse (5.23 BST): Spain has admitted for the first time that it needs European Union support to prop-up its ailing banks, saying rising borrowing costs had shut the country out of bond markets. Cristobal Montoro, the Spanish Treasury minister, urged European institutions to “open up and help us”, saying the [...] Telegraph By Ambrose Evans-Pritchard, International business editor 9:36PM BST 23 May 2012 591 Comments In a blunt warning to Athens, the Bundesbank said a Greek withdrawal from the eurozone would be disruptive but “manageable”, undermining claims by Greece’s radical anti-austerity leader, Alexis Tsipras, that Europe would not dare pull the plug. “When the Eurosystem provided Greece with large amounts of liquidity, it trusted that the programmes would be implemented and thereby ultimately assumed considerable risks,” said the [...] Telegraph Pressure on Greece increased dramatically on Wednesday night after Germany’s central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency plans for a Greek exit from the euro. By Ambrose Evans-Pritchard, International business editor 9:36PM BST 23 May 2012 266 Comments In a blunt warning to Athens, the Bundesbank said a Greek withdrawal from the eurozone would be disruptive but “manageable”, undermining claims by Greece’s radical anti-austerity [...] The daylight saving bill would put the clocks forward by an hour all year Photo: CORBIS 11:49AM BST 28 Oct 2011 Ministers are poised to back the plans, which would put the UK in line with Central European Time, for trial period of three years. The changes would mean lighter winter evenings, which supporters claim would cut road deaths, boost tourism and reduced energy use. However there are a [...] Britain must decide on the nature of its relationship with the European Union Photo: Corbis Patrick Hennessy and Bruno Waterfield 8:48PM BST 22 Oct 2011 The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” — with Britain left on the sidelines. The plan comes as European governments desperately trying to save the euro from collapse last night faced a [...] Willem Buiter said that Germany was ‘the only honest triple-A rated sovereign in the G7′ By Angela Monaghan 4:36PM BST 18 Oct 2011 “If things get out of hand in the euro area, no bank in the financial integrated world will stand,” he told a parliamentary committee. Mr Buiter, a former member of the Bank of England’s Monetary Policy Committee, said the recapitalisation of banks and other systemically important institutions should be a priority in [...] Telegraph.co.uk Much of Britain suffered the coldest summer for almost two decades, Met Office statistics show. Much of Britain suffered the coldest summer for almost two decades, Met Office statistics show. Photo: SWNS 7:30AM BST 30 Aug 2011 As Britons return to work today after a soggy Bank Holiday weekend, official weather data reveals that average temperatures were significantly down on recent years. The UK’s average temperature [...] Burnt-out cars in Ealing, as photographed by reader Rupert Sinclair Photo: Rupert Sinclair 5:26PM BST 09 Aug 2011 A witness said rioters attacked the victim, whose age is unknown, when he tried to put out the fire they had started in Spring Bridge Road, near to the Arcadia shopping centre, at about 11pm last night. Commander Simon Foy, of Scotland Yard, said: ”It was quite a grave assault [...] The home of Andrew Castle who built an electric chair in his garage with the intention of using it to kill his wife Photo: CAVENDISH PRESS 9:34AM BST 06 Jul 2011 Andrew Castle, 61, was so furious at the crumbling of his 18 year marriage he planned to rig a metal armchair to the mains – and invited wife Margaret in ”for a chat.” Castle asked unwitting Margaret [...] Another BBC journalist reports “1509: Chris Morris BBC News, Athens there are up to 1000 involved in running battles with riot police, but thousands more around Athens peaceful but very angry at what their government is doing to the people and the country: Protestors attack Finance Ministry: Several people gathered at the scene in Market Street, Watford A man is staging a stand-off with armed police at a bank in Hertfordshire after threatening staff. Police were called to the Co-op Bank in Market Street, Watford, at about 1020 BST. Officers cordoned off a large area of the centre of the town and redirected traffic away from the area. Police said the man was acting alone and no members of the [...] By Liam Halligan 5:15PM BST 30 Apr 2011 …..America’s base money supply – the bedrock of the world’s reserve currency – has doubled in little more than two years. Despite consternation among many US voters, and dismay – rapidly turning to anger – across the world, most of America’s political elite refuse even to debate QE. Such is the state of democracy in the “land of the free and the home [...] Al-Nashiri is described as ‘one of al-Qaeda’s most skilled and capable operational coordinators’ By Holly Watt 10:31PM BST 26 Apr 2011 Abd al-Rahim Hussein Muhammad Abdah al-Nashiri, a Saudi Arabian, was said to have reported directly to Osama bin Laden. His interrogators reported: “Detainee is so dedicated to jihad that he reportedly received injections to promote impotence and recommended the injections to others.” He [...] James Kouzaris and James Cooper Photo: SWNS By Paul Thompson, in Sarasota 7:01PM BST 21 Apr 2011 They are working on a theory that James Cooper and James Kouzaris were confronted by the alleged gunman Shawn Tyson as they tried to find an all-night restaurant. The 16 year-old is thought to have frogmarched the pair away from a well lit road and into the [...] The CRS has always been renowned for employing particularly tough officers Photo: REUTERS By Peter Allen in Paris 2:27PM BST 21 Apr 2011 France’s riot police have complained about being “treated like children” following a new ban on drinking alcohol while on duty. The CRS (Republican Security Companies), which made its name quelling student demonstrators during nationwide disturbances in 1968, has always enjoyed a glass of beer [...] by pinecarr It’s at: http://www.telegraph.co.uk/finance/personalfinance/savings/8028884/Savers-told-to-stop-moaning-and-start-spending.html. “Savers told to stop moaning and start spending Savers should stop complaining about poor returns and start spending to help the economy, a senior Bank of England official warned today. By Robert Winnett and Myra Butterworth 560 Comments Mr Bean said low returns on savings were part of the Bank of England’s strategy Photo: PA Older households could afford to suffer because they [...] HOUSE PRICES FALLING IN EVERY REGION OF ENGLAND AND WALES House prices have fallen across every region of England and Wales for the first time in over a year as the ‘mortgage drought’ continues to dampen demand from potential buyers. By Alastair Jamieson The average cost of a home dropped by 0.4 per cent during September, according to property intelligence group Hometrack which warned the property market was [...] –A State Council think-tank in China has warned Washington that the US will come off worst in a trade war if it imposes sanctions against Beijing over the two nations’ currency spat– Ding Yifan, a policy guru at the Development Research Centre, said China could respond by selling holdings of US debt, estimated at over $1.5 trillion (£963bn). This would trigger a rise in US interest [...] EU AUSTERITY POLICIES RISK CIVIL WAR IN GREECE, WARNS TOP GERMAN ECONOMIST DR. SINN —Greece’s austerity measures cannot prevent default and will lead to a breakdown of the political order if continued for long, a leading German economist has warned.— By Ambrose Evans-Pritchard in Cernobbio, Italy “This tragedy does not have a solution,†said Hans-Werner Sinn, head of the prestigious IFO Institute in Munich. “The policy of forced ‘internal [...] Government desperation alert – Britain debases its coinage – moving to cheap steel instead of CuNi alloy. How much longer before the U.S. pulls this same desperate stunt once again like it did with the penny? Oh yeah, the Mint is already planning to replace the Nickel with cheaper materials. NEW STEEL 5P AND 10P COINS A ‘DISASTER —Britain’s 5p and 10p coins are to be substantially changed next year, causing potential [...] Global bond markets are flashing warning signals of a sharp slowdown in growth across the world and a possible slide toward a double-dip recession and outright deflation. Ambrose Evans-Pritchard The yield on two-year US Treasuries has fallen to a record low of 0.61pc in a flight to safety, a level not seen during the depths of the Great Depression. Ten-year yields dropped below the psychologically sensitive level of [...] –As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve.– Ambrose Evans-Pritchard Andrew Roberts, credit chief at RBS, is advising clients to read the Bernanke text very closely (http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021121/default.htm) Debates on the consequences for the emergency budget are heating up and Cameron and Clegg to face the audience on TV at 7pm BST, BBC News channel: http://newsvote.bbc.co.uk/1/hi/politics/10385052.stm http://www.bbc.co.uk/iplayer/playlive/bbc_news24/ Previous chancellor attacks the new UK government policies as leading to much higher unemployment, increased poverty, reduced growth, increasing inflation, also hitting the ability to pay down debt: http://news.bbc.co.uk/1/hi/business/10387723.stm Age of austerity starting in Europe: |
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