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....The debt charity StepChange, which has also released fresh data, said the percentage of its clients falling behind on payments went over 40% in the first half of 2017, while the average debt of the people it helps has also risen, from £14,251 in 2016 to £14,367 in the first half of the year. Andrew Bailey, chief executive of the Financial Conduct Authority, told the Guardian – at the start of a series examining the £200bn in unsecured consumer credit amassed by households in Britain – that he was concerned about the sheer number of people who needs loans to make ends meet. ... [Read full article on Guardian ]
Monday 18th of September 2017 05:34:39 PM
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....“It doesn’t matter whether a book is published as literary fiction, romance, sci-fi, crime or any other genre, there are some latent features of bestseller-dom in manuscripts and these patterns are detectable by a computer algorithm,” she says. Together with Matthew Jockers, an expert on text mining, she has written an algorithm that can tell whether a manuscript will hit the New York Times bestseller list with 80% accuracy. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 06:00:08 AM
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....“People are shocked and disappointed,” LaBranche said. NIRI members, who work with 1,600 publicly-traded companies, will be examining their trading reports for any unusual activity that could be tied to disclosures, he said. ... [Read full article on Guardian ]
Thursday 21st of September 2017 07:58:42 PM
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....A swath of UK industry would find it “near impossible” to recruit non-skilled workers from Europe post-Brexit if proposals recently outlined in a draft government document were enacted, according to the IPPR thinktank. According to the Home Office document, leaked earlier this month, rules that apply to non-EU migrant workers could be extended to their EU counterparts when determining who has access to the UK jobs market. ... [Read full article on Guardian ]
Saturday 23rd of September 2017 07:29:24 PM
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.... It says the company’s incentive scheme could give chief executive Alex Kanellis a maximum potential award of 300% of salary, which Pirc describes as “excessive”. It is also unhappy that “upside discretion may be used by the [remuneration] committee when determining severance payments. ... [Read full article on Guardian ]
Sunday 24th of September 2017 08:59:27 AM
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Latest Finance News related to Mining

AA has been a bit of a car crash - can it get back on the road? image
Source : Guardian [Read Article] Sunday 24th of September 2017 08:59:27 AM
.... It says the company’s incentive scheme could give chief executive Alex Kanellis a maximum potential award of 300% of salary, which Pirc describes as “excessive”. It is also unhappy that “upside discretion may be used by the [remuneration] committee when determining severance payments. ...
New Brexit rules ‘could lead to unskilled workforce crisis’ image
Source : Guardian [Read Article] Saturday 23rd of September 2017 07:29:24 PM
....A swath of UK industry would find it “near impossible” to recruit non-skilled workers from Europe post-Brexit if proposals recently outlined in a draft government document were enacted, according to the IPPR thinktank. According to the Home Office document, leaked earlier this month, rules that apply to non-EU migrant workers could be extended to their EU counterparts when determining who has access to the UK jobs market. ...
Want to write a bestselling novel? Use an algorithm image
Source : Guardian [Read Article] Saturday 23rd of September 2017 06:00:08 AM
....“It doesn’t matter whether a book is published as literary fiction, romance, sci-fi, crime or any other genre, there are some latent features of bestseller-dom in manuscripts and these patterns are detectable by a computer algorithm,” she says. Together with Matthew Jockers, an expert on text mining, she has written an algorithm that can tell whether a manuscript will hit the New York Times bestseller list with 80% accuracy. ...
'It's hugely problematic': SEC under fire from Congress over data hack image
Source : Guardian [Read Article] Thursday 21st of September 2017 07:58:42 PM
....“People are shocked and disappointed,” LaBranche said. NIRI members, who work with 1,600 publicly-traded companies, will be examining their trading reports for any unusual activity that could be tied to disclosures, he said. ...
Britain's debt time​bomb: FCA urges action over £200bn crisis image
Source : Guardian [Read Article] Monday 18th of September 2017 05:34:39 PM
....The debt charity StepChange, which has also released fresh data, said the percentage of its clients falling behind on payments went over 40% in the first half of 2017, while the average debt of the people it helps has also risen, from £14,251 in 2016 to £14,367 in the first half of the year. Andrew Bailey, chief executive of the Financial Conduct Authority, told the Guardian – at the start of a series examining the £200bn in unsecured consumer credit amassed by households in Britain – that he was concerned about the sheer number of people who needs loans to make ends meet. ...
The eurozone may be back on its feet. But is Greece? image
Source : Guardian [Read Article] Saturday 16th of September 2017 03:00:15 PM
....But amid growing tensions between foreign investors and government officials – and between European investors and the Chinese – Pitsiorlas also is an exception to the hostility that other ministers in Tsipras’s Syriza-led government are exhibiting to sales many consider to be a crime. On Monday, as problems mounted, tensions worsened dramatically when the Canadian mining company Eldorado Gold threatened to end its €3bn investment in Greece, citing delays in permits from the development ministry. ...
KPMG chiefs in South Africa quit amid Bell Pottinger scandal image
Source : Guardian [Read Article] Friday 15th of September 2017 12:21:12 PM
.... Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ​It also used other tactics, such as misleading or undermining journalists questioning the campaign. ...
UN report attacks austerity budgets for growing inequality image
Source : Guardian [Read Article] Thursday 14th of September 2017 06:00:52 PM
. Austerity budgets adopted by governments across the world since the 2008 financial crash are to blame for undermining the job security of millions of workers and threatening the progress made by women in the workplace, according to a UN report. ...
John Lewis profits halve as chairman warns over Brexit uncertainty image
Source : Guardian [Read Article] Thursday 14th of September 2017 07:20:55 AM
....In March, when John Lewis announced full-year results for 2016, the bonus for staff was cut to just 6% of salary, the lowest level since the 1950s and down from 10% the year before. Mayfield said the second half of the year would be crucial to determining the staff bonus for next year, because the business makes two-thirds of profits during the latter half. ...
Donald Trump's 3% growth plan is only for the 1% | Kenneth Rogoff image
Source : Guardian [Read Article] Monday 11th of September 2017 01:09:01 PM
.... Altering the course of a giant ship – in this case, the US economy – takes a long time, and even if Trump ever does manage to get some of his economic agenda through the US Congress, the growth effects are not likely to be felt until well into 2018. To be sure, Trump has eviscerated the Environmental Protection Agency (which has helped coal mining), softened financial oversight (great for bank stocks), and has shown little interest in anti-trust enforcement (a welcome development for tech monopolies such as Amazon and Google). ...
Petra Diamonds market value falls after Tanzania seizes $15m shipment image
Source : Guardian [Read Article] Monday 11th of September 2017 10:14:44 AM
....”. Tanzania has locked horns with several foreign mining companies since the 2015 election of John Magufuli, who as president has sought to extract higher value for the country’s raw materials. ...
Bell Pottinger Middle East bids to split from parent firm as administration nears image
.... Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ​It also used other tactics, such as misleading or undermining journalists questioning the campaign. ...
Tax cuts for the rich don't help the rest. Don't take my word for it, ask the IMF | Greg Jericho image
. A new study by the IMF examining the impacts of tax cuts has found that while lowering tax rates for the rich will stimulate the economy, it does so at the great cost of increased inequality. ...
Bell Pottinger could go under within days, sources claim image
Source : Guardian [Read Article] Thursday 7th of September 2017 06:47:15 PM
....The scandal has pushed clients to reconsider their use of Bell Pottinger. In all, almost a dozen clients have now parted ways with the agency including HSBC, Clydesdale, TalkTalk, construction group Carillion, Richemont, Investec and mining group Acacia along with Unite, the listed student accommodation group. ...
The City's timidity has let Sports Direct's Keith Hellawell survive | Nils Pratley image
....It is amazing to recall that as recently as 2013, fund managers summoned the will to vote out a City grandee as chair of a major FTSE 100 company. He was Sir John Bond, who had been chairman of Xstrata and was due to assume the same position after the big mining merger with Glencore. ...
Classic cars have become FAST alternatives for investors  image
Source : Daily Express [Read Article] Wednesday 6th of September 2017 10:59:00 AM
. The latest Coutts Index examining the performance of “passion assets” puts classic car owners into a clear lead, although coins have also made good money, with a total return of 225 per cent over the same period. ...
Bell Pottinger loses clients and staff in wake of South Africa scandal image
Source : Guardian [Read Article] Tuesday 5th of September 2017 05:13:28 PM
.... Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ​It also used other tactics, such as misleading or undermining journalists questioning the campaign. ...
Bell Pottinger investor walks away as South Africa row deepens image
Source : Guardian [Read Article] Tuesday 5th of September 2017 11:46:30 AM
.... Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ​It also used other tactics, such as misleading or undermining journalists questioning the campaign. ...
Bell Pottinger expelled from PR trade body after South Africa racism row image
Source : Guardian [Read Article] Monday 4th of September 2017 05:59:00 PM
.... Bell Pottinger, which created and commissioned content​, did not invent​ 'white monopoly capital' but used the ​term 'on occasion'​. ​It also used other tactics, such as misleading or undermining journalists questioning the campaign. ...
'Potentially racially divisive': report censures PR firm Bell Pottinger image
Source : Guardian [Read Article] Monday 4th of September 2017 01:58:38 PM
....“Certain material that we have seen that was created for the campaign was negative or targeted towards wealthy white South African individuals or corporates and/or was potentially racially divisive and/or potentially offensive and was created in breach of relevant ethical principles,” said the law firm. The firm is accused of stirring up anger about “white monopoly capital” and the “economic apartheid” to draw attention away from the controversial Guptas, who run a media to mining conglomerate and have been accused of benefiting financially from their close links to the South African president, Jacob Zuma. ...
Dara Khosrowshahi's Uber in-tray: 20 issues new chief must address image
Source : Guardian [Read Article] Wednesday 30th of August 2017 07:26:40 PM
....Closer to home, the fearsome US Department of Justice is investigating whether Uber executives breached the stringent Foreign Corrupt Practices Act, which deals with bribery of foreign officials. As if one DoJ investigation was not enough, prosecutors are also examining whether Uber misused software known as “Greyball”, which it uses to block potentially fraudulent or dangerous customers. ...
British trains 'up to four times slower outside the south-east' image
Source : Guardian [Read Article] Monday 28th of August 2017 08:35:07 AM
....Many of the slowest routes featured in the analysis, which featured trains operating on Fridays, are served only by trains with multiple stops. Steve Rotheram, the mayor of the Liverpool city region, claimed the figures highlighted the “investment deficit that is seriously undermining growth potential in the north”. ...
Ethical investment funds: Five-minute guide to moral money management  image
Source : Daily Express [Read Article] Sunday 27th of August 2017 12:01:00 AM
.... . Ethical funds typically shun businesses that fall short of their moral criteria, such as environmentally damaging oil and mining firms, weapons manufacturers, tobacco companies and those involved in animal testing. ...
Mining giant Adani cleared in second case over allegations of financial fraud image
. India’s customs authority has cleared the Adani Group of illegally siphoning money into overseas tax havens, dismissing one of two sets of power equipment fraud allegations known to be facing the mining conglomerate. ...
The stress of low-paid work is making our country sick | Dawn Foster image
Source : Guardian [Read Article] Thursday 24th of August 2017 05:00:11 AM
.... The received wisdom that work is intrinsically beneficial and preferable to worklessness simply does not hold up in today’s employment market. The study focused on 1,000 people between the ages of 35 and 75 who were unemployed in 2009-2010, tracking their self-reported health and chronic stress levels – measured through blood tests examining hormones and markers of stress – in the following years. ...
BHP’s shale sale could happen: this is not a drill image
Source : Guardian [Read Article] Sunday 20th of August 2017 06:00:35 AM
. It has been a turbulent few years for BHP Billiton, the world’s largest mining and petroleum company. ...
Indian opposition calls for investigation into Adani over financial fraud allegations image
. India’s main opposition party has called for a fresh, supreme court-monitored probe into allegations mining giant the Adani Group fraudulently siphoned nearly $235m into overseas tax havens. ...
Lack of diversity in UK's top firms could hamper post-Brexit trade deals image
Source : Guardian [Read Article] Wednesday 16th of August 2017 11:01:15 PM
....Last year, a government-backed review of ethnic diversity recommended that Britain’s top companies should bring an end to all-white boardrooms by 2021. The report, led by Sir John Parker, the outgoing chairman of the mining company Anglo American, said businesses were failing to promote sufficient numbers of people from ethnic minority groups to senior positions. ...
End of the checkout line: the looming crisis for American cashiers image
Source : Guardian [Read Article] Wednesday 16th of August 2017 09:00:35 AM
....For all Donald Trump’s talk about the raw deal that has been visited on American workers, he rarely mentions people like Duran. The public debate about jobs in the US has been dominated by Trump’s fixation with a particular vision of masculine, blue collar employment: a white man in a hard hat, mining coal in Appalachia or clocking hours on an assembly line in the industrial midwest. ...
Adani $900m rail line loan should be ruled out after fraud allegations, opponents say image
....The group is expecting a legal decision in the “near future” in connection with allegations it inflated invoices for an electricity project in India to shift huge sums of money into offshore bank accounts. The mining giant is seeking a loan of up to $900m from the Australian government through the Northern Australian Infrastructure Facility (Naif) for a rail line between its proposed Carmichael coalmine and the Abbot point coal terminal near the Great Barrier Reef. ...
Fairtrade chief defends cocoa sourcing scheme with Cadbury owner image
Source : Guardian [Read Article] Sunday 13th of August 2017 04:55:37 PM
....Mondelēz said the $400m (£302m) scheme was already helping 92,000 cocoa farmers, mainly in West Africa, and its goal was to reach 200,000 cocoa farmers and one million people in six key countries by 2022. Gidney said the new partnership was building on the success of Fairtrade, not undermining it. ...
Bell Pottinger faces hearing over claims it stirred racial tension in South Africa image
....Henderson, who declined to elaborate on his public statements to the Guardian, has appointed City law firm Herbert Smith Freehills to investigate the allegations and has said it will publish the report. The contract with the Guptas, who own a mining-to-media conglomerate, was cancelled in April. ...
Fox’s chances of securing Sky depend on the football result image
Source : Guardian [Read Article] Sunday 13th of August 2017 05:59:06 AM
....Nevertheless, Sky’s share price has sunk to its lowest since December, when news broke of Murdoch’s bid to buy the remaining 61% of the company, reflecting investors’ fear that the deal may not happen. Two analysts examining Sky’s break price – the level its shares would trade at if there was no deal – against its current price and Murdoch’s £10. ...
Trump's North Korea rhetoric spikes US 'fear index' to top level since election image
....In London, the FTSE 100 closed at its lowest level since May, having lost 232 points since its high point on Tuesday. The index ended the week at 7,309, down 1% or 79 points on the day, as the major mining companies in the index were dragged lower amid anxiety about the economic impact of tensions between the US and North Korea. ...
Jacques Delors foresaw the perils of austerity. How we need his wisdom now | Mark Seddon image
. During the darkest days of Thatcher’s de-industrialising, high unemployment, beggar-thy-neighbour dystopia of the early 1980s, there was one European leader who offered hope to the beleaguered ranks of industrial workers in the “rust belt” of former mining, steel, engineering, fishing and shipbuilding towns. ...
Men from poor families twice as likely to be single, IFS study finds image
Source : Guardian [Read Article] Thursday 10th of August 2017 11:01:42 PM
....Men from poorer backgrounds are also more than twice as likely to receive disability benefits as those from better-off families, at 11% rather than 4%. Chris Belfield, a research economist at IFS and an author of the paper, said: “Focusing solely on the earnings of men in work understates the importance of family background in determining living standards. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....This was described by Grech as a “transformative” acquisition – instead it became a case study in debacle. The legal division, before it was sold to S&G, brought over 62,000 noise-induced hearing loss insurance claims, but because of difficulties associated with determining the cause of the injuries, these cases proved more difficult and more expensive to resolve. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
Britain’s young suffer as austerity continues to take its toll | Letters image
.... Not only do monthly payments create the initial problems highlighted in the MPs’ letter, they also create unnecessary difficulties for those – typically mothers – who just about get by when budgeting weekly or fortnightly. The seven-day waiting period and monthly benefits policies create avoidable hardship, thereby undermining confidence in UC. ...
Why 'economic anxiety' doesn't explain One Nation and the far-right's return | Greg Jericho image
.... Its authors note that “the loss of agricultural and manufacturing jobs is felt most acutely in regional areas and on the city fringes” – think, for example, about the loss of car manufacturers in Geelong, Elizabeth and Altona. The shift from agriculture, the decline of manufacturing and the mining boom that was mixed with an influx of income and people (much of which was transitory) has had many wondering if this upheaval and the fact that residents in regional areas feel they are being left behind has caused the increase in support for previously fringe parties. ...
Minority ethnic families earning up to £8,900 less than white Britons image
.... From next year, large companies will have to report on the extent of the gender pay gap in their businesses. Last year, the prime minister announced an audit of how people of different races are treated by public services, including examining relative incomes. ...
Only a big-spending budget can save us from years of low interest rates image
Source : Guardian [Read Article] Saturday 5th of August 2017 04:00:16 PM
....Chadha believes the Bank is confusing the public with its almost weekly “will-she, won’t she” routine over raising rates. He said the Bank was leading a “haphazard” debate that was undermining confidence in the Old Lady of Threadneedle Street. ...
US jobs report: Trump given good news as economy adds 209,000 jobs in July image
.... Healthcare employment increased by 39,000. Job growth in higher-paid sectors including construction, manufacturing and mining was marginal. ...
Millions of eggs removed from European shelves over toxicity fears image
Source : Guardian [Read Article] Thursday 3rd of August 2017 10:52:41 AM
....According to the World Health Organisation, the highly toxic substance can damage the liver, thyroid glands and kidneys if ingested in large amounts over time. Belgian prosecutors are said to be examining the client list of two companies in Flanders specialising in the production and supply of anti-lice agents to Dutch and Belgian farms, among others. ...
How to get bitcoin cash? Find out how to get your hands on BCH tokens image
Source : Daily Express [Read Article] Wednesday 2nd of August 2017 04:03:00 PM
....Once you have your bitcoin tokens, you can then trade them for bitcoin cash or any other cryptocurrency on the market. An alternate scenario involves mining bitcoin with powerful, specialised computers that process codes that keep the bitcoin network running. ...
Bitcoin v bitcoin cash price charts: Bitcoin cash on the rise image
Source : Daily Express [Read Article] Wednesday 2nd of August 2017 02:37:00 PM
....BITCOIN PRICE LIVE UPDATES – CLICK HERE. “However the time it takes to mine that first block is all a function of how much computing power is thrown at mining this block. ...
No 10 contradicts Hammond over 'off the shelf' Brexit transition deal image
....A senior cabinet source privately used the same phrase – “off the shelf” – when describing an implementation deal to the Guardian last week, suggesting that free movement between the UK and continental Europe would continue during that time. Hammond has irritated some cabinet colleagues, with one telling the Guardian: “He needs to put a sock in it, stop undermining the boss and get on with his day job. ...
Tax raid on YOUR pensions: Shock as savers overcharged £26million in THREE months image
....Former pensions minister Baroness Ros Altmann said: “I would like the Inland Revenue to find a better way to tax pension withdrawals. The whole point about pensions freedoms was meant to be about choice but the tax element is undermining this flexibility. ...
Saving Britain’s food supply: a manifesto to keep food on the table image
Source : Guardian [Read Article] Saturday 29th of July 2017 08:25:51 PM
.... Anecdotally, producers have told me that the process of engaging with it, and therefore of trying to enable a smaller carbon footprint, has led to greater efficiencies across the food chain. Examining one element of environmental cost leads to an engagement with all of it. ...
Carmakers’ electric dreams depend on supplies of rare minerals image
Source : Guardian [Read Article] Saturday 29th of July 2017 03:00:00 PM
.... Battery makers are struggling to secure supplies of key ingredients in these large power packs – mainly cobalt and lithium. The hopes of both battery and vehicle manufacturers hang on the mining sector finding more deposits of these precious minerals. ...
Aberdeen to be worst hit by Brexit but all British cities will suffer – report image
. New research examining for the first time the potential impact of Brexit on cities and towns has found Aberdeen could be the hardest hit by higher trade costs with the European Union, though no British city will escape its effects. ...
How about a little accountability for economists when they mess up? | Dean Baker image
.... This could be seen by a variety of measures, but most obviously from the fact that rents were still following the overall rate of inflation, as they ordinarily do. The record vacancy rate – even before the crash – might also have been a red flag, especially to people who believe in supply and demand determining prices. ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
....Mike Hawes, chief of executive of the Society of Motor Manufacturers and Traders trade body, said that carmakers were working with ministers on the switch to electric cars but called for the government to use carrots rather than sticks. “Outright bans risk undermining the current market for new cars and our sector, which supports over 800,000 jobs across the UK, so the industry instead wants a positive approach, which gives consumers incentives to purchase these cars. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
.... “There’s no such thing as 100% security, but this malware outbreak has disrupted a number of large multinationals for weeks, hitting their systems, and in some cases financial outlook, for six,” Cluley said. “I really hope that more companies are recognising the benefits of adopting a layered approach to security, examining closely how they have set up their networks, and taking steps to ensure that they are able to recover quickly should disaster strike. ...
UK labour market tsar vows to jail rogue bosses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:01:01 AM
....“I do think we have proper laws – and we’ve just got this extra law for two-year jail sentences – and the issue is to properly enforce them,” he said. Other areas under consideration include examining how supply chains as a whole can be made to adhere more rigorously to employment laws, perhaps by mirroring rules in the US where top brands can be made jointly liable for infringements further down the supply chain, including by recruitment agencies, even if they did not directly employ the workers. ...
SFO says it is investigating Rio Tinto over Guinea operations image
Source : Guardian [Read Article] Monday 24th of July 2017 08:07:02 PM
. The Serious Fraud Office has opened an investigation into how the mining company Rio Tinto conducted business in the Republic of Guinea. ...
Revealed: the insidious creep of pseudo-public space in London image
Source : Guardian [Read Article] Monday 24th of July 2017 06:30:29 AM
.... “The architecture of any period, including the production of space, reflects the socioeconomic forces of that period and in that respect the growth in pseudo-public spaces is a reflection of the neoliberal city,” she argued. “This type of development is not inevitable: it’s a very Atlanticist model, seen primarily in North America and here, and not so much in Europe, and it involves local government and the private sector working together in such a way that it is really undermining our democratic rights over the city. ...
Business secretary to announce investment in battery technology image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
....Richard Parry-Jones, formerly of the UK Automotive Council, will chair a board overseeing the investment. Clark will also confirm another £25m to be allocated to research and development of connected autonomous vehicles, this time on schemes for off-road, driverless vehicles destined for construction, farming and mining. ...
Big, bold … and broken: is the US shopping mall in a fatal decline? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
.... In a recent report analysing the data for January to May, Robin Brooks, chief economist of the International Institute of Finance, said the sector was on course to lose 110,000 jobs on an annualized basis. Coal mining, an industry championed by president Donald Trump, employs about 80,000 people. ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
.... Half a century ago it was the UK’s main source of energy, but last year windfarms provided more power. This week, it emerged that ministers are disbanding a government and industry body created to secure the long-term future of coal power and mining, in the latest sign of the dirty fuel’s rapid demise. ...
Russell Group urges rethink on student loan interest rate image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:40:15 PM
.... In his blog he accepts much of the current system which maintains sustainable funding in higher education, and acknowledges that students should pay some contribution. But he added: “I think we can still look again at how the system might be made fairer for students without undermining the sustainability balance. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....This drop in housing ownership is not just reflective of the growing unaffordability, but has longer-term implications. As Tim Colebatch has noted, the census found that the falls in ownership are most pronounced among the younger cohorts – confirming a study by the Grattan Institute in 2014, which concluded that older Australians were the ones who benefitted the most from the mining boom years. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....2bn regular dividend. Dividend growth was also strong in the resurgent mining industry, where every company raised payouts and Glencore and Rio Tinto made particularly large payouts for the sector. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
....Ofcom defended its report. A spokesperson for the regulator said: “We carried out detailed, evidence-based assessments, examining both broadcasting standards and media plurality aspects of the proposed takeover. ...
People want a 'sensible Brexit', says Philip Hammond image
Source : Guardian [Read Article] Friday 7th of July 2017 04:26:44 PM
....His tone contrasted that of Fox,one of the strongest proponents of Brexit in the cabinet, who used a visit to Paris to deliver a seeming rebuke to the CBI’s call for an indefinite delay in leaving the single market and customs union. He said it was perfectly reasonable that people should want to have some arrangements to ensure minimal disruption but added: “We can’t have a perpetual transitional period undermining the concept of Brexit itself. ...
Parliamentary motion calls on Sainsbury's to retain Fairtrade mark image
Source : Guardian [Read Article] Friday 7th of July 2017 04:04:44 PM
....The cross-party support ramps up pressure for a change of heart by Sainsbury’s, the biggest backer of Fairtrade in the UK, which recently began experimenting with its own “fairly traded” scheme on tea. Campaigners and shareholders accused the supermarket of undermining Fairtrade at the company’s annual shareholder meeting this week. ...
Sainsbury's AGM faces protests over plan to drop Fairtrade tea image
Source : Guardian [Read Article] Wednesday 5th of July 2017 06:07:34 PM
. Sainsbury’s has been accused of undermining the Fairtrade movement by experimenting with dropping the ethical mark for its own label tea. ...
HMRC wins Rangers 'big tax case' ruling image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:12:59 PM
....". The Scottish FA said that, after examining the judgement, it would take no further disciplinary action. ...
Minimum wage for the self-employed, suggests think tank image
Source : BBC [Read Article] Monday 3rd of July 2017 11:03:06 PM
....The Institute of Directors (IoD) said it agreed that the status of workers should be clarified by the government, with the publication of easy-to-understand guidance. But Seamus Nevin, head of employment and skills policy at the IoD, said undermining the gig economy would bring disadvantages. ...
Tell Donald Trump: the Paris climate deal is very good for America | Joseph Stiglitz image
.... Trump is looking towards the past – a past that, ironically, was not that great. His promise to restore coal-mining jobs (which now number 51,000, less than 0. ...
Can the Bank get Britain to kick its cheap credit habit? image
Source : Guardian [Read Article] Saturday 1st of July 2017 03:00:02 PM
....“There is obviously an incentive to borrow, so as one area is clamped down on, the problem pops up in another,” she says. Barker also worries that regulators are examining discrete areas of credit risk rather than taking an overview of the long-term effects of almost zero interest rates on household and corporate behaviour. ...
Fixed-odds betting terminal review delayed until autumn image
Source : Guardian [Read Article] Friday 30th of June 2017 06:11:07 PM
....The government’s decision has been further complicated by the fact that MPs in the Democratic Unionist party, which holds the balance of power in parliament, are in favour of cutting the maximum FOBT stake from £100 to as low as £2. The Department for Culture Media and Sport (DCMS) is examining the machines amid claims – hotly disputed by bookmakers – that they are highly addictive and make it too easy for problem gamblers to lose thousands of pounds in a matter of hours. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
....“The Fairtrade mark has become synonymous with ethical trade and quality for UK consumers. Sainsbury’s new scheme risks undermining all that has been achieved over the last 25 years. ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
....Deutsche extended about $300m in loans to Trump before he became president, even as the former reality television star and businessman was being shunned by other financial institutions because of his poor track record and string of failed businesses. Separately, Deutsche Bank is preparing to become the subject of new scrutiny by an independent third-party monitor who is going to be examining the bank’s handling of any suspicious activity involving non-US banks that may have occurred in the last six months of 2016. ...

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