Month: September 2021

US Tarp boss says he will quit

first_img whatsapp KCS-content Show Comments ▼ whatsapp “With the Tarp programme entering a new phase and continuing to wind down, I have decided that now it is the right time for me to step down,” Allison said in an email to staff members that the Treasury made available.He said he was returning to Connecticut after two years’ service in Washington to spend time with his wife, who had been unable to join him during that time. The chief counsel for the financial stability office, Tim Massad, will take over as acting secretary.Though Tarp is officially ending on 3 October, after which it cannot make any new investments in financial institutions, its work in recouping the money that it did lend will continue for many more years.Allison is one in a line of officials preparing to take their leave from Washington, many of them more senior, including Larry Summers, director of the White House’s national Economic Council; Council of Economic Advisers chair Christina Romer and White House budget chief Peter Orszag. US Tarp boss says he will quit Wednesday 22 September 2010 7:59 pm HERB Allison, the former investment banker who was the US Treasury Department’s overseer for the bank bailout fund, told staff yesterday he was stepping down as the programme nears an official end.Allison was assistant secretary for financial stability, which put him in charge of the $700bn (£446bn) Troubled Asset Relief Programme (Tarp) set up amid the 2008 financial crisis and due to expire in two weeks. 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Share Tags: NULLlast_img read more

Cooper tops Labour MP’s poll

first_imgThursday 7 October 2010 9:47 pm 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 PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content whatsapp whatsapp Cooper tops Labour MP’s poll YVETTE Cooper has topped the ballot in Labour’s shadow cabinet elections, putting her in poll position to become the next shadow chancellor – if she decides to accept the job.Cooper’s husband Ed Balls, a key ally of Gordon Brown, has coveted the top economic brief for several years, leading to suggestions she will stand aside to help him secure the post. Tags: NULL But Ed Miliband, the recently-elected Labour leader, has told friends he wants Cooper, the former work and pensions secretary, to become shadow chancellor. He is said to fear that Balls could prove a divisive figure, and is considering making him shadow home secretary instead.Cooper won 232 votes in the ballot of Labour MPs, which was announced last night, compared to 179 for Balls. He came in third place behind ex-housing minister John Healey, on 192.Chancellor George Osborne has told City A.M. he would prefer it if Balls were to shadow him, partly because he would relish the political challenge, but also because he thinks it would be easier to blame him for the economic errors of the Blair-Brown years.Labour stalwarts like Alan Johnson, Andy Burnham and Tessa Jowell were re-elected to Labour’s front bench, but there were big disappointments for some well-known MPs.Leadership contender Diane Abbot failed to win enough support to become one of 19 shadow cabinet ministers, as did ex-Welsh secretaryPeter Hain and Ben Bradshaw, the former culture secretary. More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com Share Show Comments ▼last_img read more

ECB should stay silent about monetary policy

first_img Tags: NULL Share KCS-content Show Comments ▼ ECB should stay silent about monetary policy whatsapp whatsappcenter_img More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 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.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoWork from Home | Search AdWork From Home for a USA company Might Be More Fun Than You ThinkWork from Home | Search AdUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoWomenTales.com20 Pieces of Clothing Older Women should AviodWomenTales.comUndoBridesBlushHarry Potter Star Is Probably The Prettiest Woman In The WorldBridesBlushUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndo JEAN Claude Trichet and his colleagues at the ECB are playing a dangerous game. Despite the Eurozone’s recovery still looking fragile, the central bank’s key playmakers seem determined to talk about pushing policy back onto a more “normal” footing. Just last week, the Bundesbank’s Axel Weber, in a speech given in New York, indicated his desire to see monetary policy quickly and effectively tightened.This very open desire to get policy back onto a more normal footing is a mistake for the simple reason that it is going to push the euro higher and make exports less competitive at a time when Europe is producing little domestic demand of its own. Foreign exchange traders have already moved the Euro/Dollar exchange rate past 1.40 and there is no reason to think that 1.50 or even 1.60 can be ruled out. The gamble that the ECB is taking by simply talking about a move to the monetary policy exit sign is a huge but unnecessary one. While the likes of Weber may be convinced that it’s the right thing to do, with such an opaque macroeconomic environment why does he feel the need to talk about it? Why take the risk? It’s not as if there is a near-term inflation issue to tackle.The ECB has tightened inappropriately in the past and could make the same mistake again. The best approach now would be to say nothing. By saying nothing the central bank would allow itself options. By saying nothing the ECB might not see the euro rise at such a dramatic pace. And by saying nothing, the ECB wouldn’t run the very real risk of damaging its credibility again by performing a policy U-turn.Don’t get me wrong; I am not saying that other central banks around the world are not taking big risks as well. The Fed’s headlong rush towards QEII could well be extremely reckless. But the fact that the Fed is getting ready to move in the opposite direction to the ECB should give those in Frankfurt pause for thought.It’s not too late for the ECB to sit on the sidelines, keeping its own council while the economic fog clears. If it turns out that a tighter monetary environment is required in 12 months then it hasn’t lost anything by saying nothing now. However, if it turns out that economic growth it still likely to remain sub-par then those at the ECB would still be able to provide assistance without anybody questioning their competence.This is especially true for Axel Weber. If the Bundesbank boss wants to take over from Jean Claude Trichet next year, he can’t make mistakes.Guy Johnson co-anchors European Closing Bell weekdays on CNBC. Sunday 17 October 2010 11:27 pmlast_img read more

APPLE DOMINATES TABLET MARKET

first_img whatsapp APPLE DOMINATES TABLET MARKET APPLE dominated the global market for tablets in the third quarter amid limited competition for its iPad device. Almost 95 per cent of all tablet computer shipments in the quarter were of Apple’s iPad tablet, according to a study by Strategy Analytics. The research firm said the tablet computer shipments rose 26 per cent from the previous quarter. Share Tags: NULL 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ whatsapp KCS-content Tuesday 2 November 2010 9:29 pm last_img read more

Crozier cool on restarting ITV dividend

first_img Tags: NULL KCS-content BROADCASTER ITV will keep considering the possibility of paying a dividend given its newly strong balance sheet, but investing in programmes is more urgent, its chief executive said yesterday.Adam Crozier, who took over in April, said ITV needed to make more of its own content and technology to profit from coming web distribution channels such as Google TV, Apple TV or YouView in Britain.ITV makes only 45 per cent of its own programming, or 17 per cent excluding soap operas Coronation Street and Emmerdale.To cut costs, ITV ran down investments in content during the recession, buying in programmes and relying on mass-audience shows like the X Factor to attract advertisers.“We have some investments we need to make, and we’ve been upfront about that,” said Crozier. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For It40 Features In Cars No One Ever Knew: No.19 Is In Every CarBrake For ItBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comMoneyWise.comThe Worst College In Every US State, RankedMoneyWise.comFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext RefinanceMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMovie JewelInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeMovie JewelMaternity WeekThis Was Found Hiding In An Oil Painting – Take A Closer LookMaternity Week Show Comments ▼ whatsappcenter_img Crozier cool on restarting ITV dividend whatsapp 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 Share Thursday 18 November 2010 7:32 pmlast_img read more

Do as we say, not as we do, says the Mirror

first_imgWednesday 12 January 2011 8:14 pm Do as we say, not as we do, says the Mirror whatsapp whatsapp EDITORS at the Daily Mirror could barely contain their excitement at the coming of bonus season yesterday, splashing their front page on the beleaguered chief executive of RBS, Stephen Hester under the headline “Do the right thing: give up your obscene £3m bonus”.“The Mirror calls on Mr Hester and all the other fatcat bankers to do the right thing… start living in the real world – like the rest of us,” read the piece.The Capitalist wondered if this “us” includes Sly Bailey, chief executive of Trinity Mirror? Her most recent bonus in 2009 amounted to a tidy £698,000, for total compensation of £1.7m, including £248,000 for her pension. That’s a jump of £700,000 on the equivalent pay-outs the year before.And this is despite revenues shrinking 12 per cent to £763m and pre-tax profit plunging 40 per cent to £73m over the period. It’s no wonder Bailey isn’t keen to take a leaf out her flagship paper and up sticks to “the real world”.THINK PINKTHE Capitalist tips her hat today to the City law firms named in Stonewall’s workplace equality index, which lists the top 100 gay-friendly employers in the UK. Simmons & Simmons retained its top spot among the legal community for the second year running, with Pinsent Masons, Hogan Lovells, Baker MacKenzie and Herbert Smith also recognised in the top 50.Herbies, which jumped from number 56 to joint fiftieth in this year’s list, hosted a ceremony at its offices to honour the Stonewall index last night, after the gay rights lobbying group surveyed over 9,000 lesbian, gay and bisexual employees across legal Britain.But I’ve heard that the list could raise eyebrows at another City firm, which prides itself on its diversity programme and will be disappointed to have been looked over. Perhaps its official submission to Stonewall didn’t mention the fact that one part of the firm’s practice is affectionately referred to as “the pink floor”. Or perhaps the fact sadly counted against them.DITCH THE TRAVELCARD“I’ll be taking the bus,” BBC business supremo Robert Peston posted on Twitter this week, on his way to Westminster to report on the live grilling of Barclays chief Bob Diamond by a pack of MPs. “Will Bob Diamond be taking the bus?” Peston asked, always first to spot the burning question of the moment. An hour or two later, we had the answer.It seems that Diamond, who said during the Q&A that the time for bankers’ remorse is over, was shuttled back and forth in a black cab.And now, City slickers can go one better in showing off their provocatively plush means of transport. For the modest sum of £5,750, The Capitalist hears that one lucky fund manager can get her hands on the number plate (see above): “F11ND M” (Geddit?). What better way to mark bonus season than to roll up with this tasty label slapped on your Aston Martin? Get in touch at [email protected] AND TANNED . . .THE gloomy weather, banker-bashing and looming bailouts in Europe seem to be getting a lot of the City down this month, so much so that bankers are looking for pastures new. Until now, received wisdom has told us that they’ll go to Hong Kong, Singapore or maybe New York. But now a headhunter tells me that hordes are looking to flee to Brazil after this year’s bonus round. “Anyone with a little pidgin Portuguese vocabulary” is clamouring for a finance job near the sunny beaches and exotic cocktails of Rio de Janeiro, we hear. Time to invest in that language course. Show Comments ▼ Tags: NULL More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.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.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share KCS-content last_img read more

More cost saving for Hydro

first_img More cost saving for Hydro Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap KCS-content whatsapp whatsapp Share Norwegian aluminium producer Norsk Hydro said yesterday it had ramped up its cost saving programme and saw increased global demand this year, while warning of technical delays at its new smelting plant in Qatar. Shares in Norsk Hydro fell 1.86 per cent as analysts expressed concern about a potential eight-week delay at the Qatalum smelter and noted that Norsk Hydro’s market growth estimate for the coming year is lower than guidance from US rival Alcoa. The firm said it saw aluminium demand growing about seven per cent this year, adding it expected an improved supply and demand balance. It said demand for primary aluminium increased by 19 per cent in 2010 in the world outside China. Show Comments ▼ Thursday 13 January 2011 7:36 pm Tags: NULLlast_img read more

New universal credit will make work pay: Cameron

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com PRIME Minister David Cameron yesterday promised his new welfare reforms would “make work pay” and simplify the benefits system.The changes would replace all existing working age benefits with a single “universal credit,” and ensure that claimants are always better off when they find work, Cameron claimed.“The benefit system has created a benefit culture,” Cameron said.“It doesn’t just allow people to act irresponsibly, but often actively encourages them to do so.”There were 5.7m working age benefit claimants at May 2010, according to the Department of Work and Pensions. New figures were scheduled for release this week, but have been delayed by the department.“Cameron’s plan is well intentioned, but I am not confident it will actually work,” commented Patrick Nolan, economist at the think tank Reform.Merging benefits together may not simplify the system, Nolan said, particularly when benefit conditions remain complex. “We are also not confident that ‘smart automation’ will work, given experience of existing benefit systems,” he said. New universal credit will make work pay: Cameron Tags: NULL whatsapp Thursday 17 February 2011 8:46 pm KCS-content whatsapp Show Comments ▼ Sharelast_img read more

US oil at $100 a barrel as Libya standoff worsens

first_img Show Comments ▼ alison.lock US crude has surged to a 28-month high of $100 (£61.85) a barrel as escalating violence in Libya slashed output there and investors bet the unrest could spread to other oil exporters.Brent has posted the biggest three-day gain since October 2009, rising to as much as $111.85 a barrel. That marked its highest since October 2008, shortly after the collapse of investment bank Lehman Brothers. US crude has shot up more than 15 per cent since Friday. “It’s been a trying few days for world markets, and if the situation in Libya continues to show no tangible sign of a peaceful resolution, the week could plumb greater depths yet,” said Yusuf Heusen, senior sales trader at IG Index. “There is real concern that if the unrest were to worsen, the effect on oil supplies could start to have an impact on global economic growth.”West Texas Intermediate futures rose 3.7 per cent to $99 a barrel in morning trading in New York, paring some earlier gains. Brent gave up some of its earlier advance to trade up 5.1 per cent at $111.18.A lethal political standoff between Libya’s Muammar Gaddafi and rebel factions now in control of the country’s oil-rich eastern region has cut output in the world’s No. 12 crude exporter by more than 25 per cent, or 400,000 barrels a day.The price surge raised concern about the impact of costly fuel on a fragile US economic recovery and dragged US equities lower. A jump in oil to a record $147 a barrel during 2008 led to demand destruction and contributed to the deepest global economic downturn since World War Two.Ian Harwood, chief economist at Evolution Securities, said the worries were justified in principle but it was too early to begin cutting GDP forecasts on the expectation oil prices would hold back the global recovery.“The higher level of oil prices has to be sustained and frankly it’s not yet clear that this will be the case, given the geo-political nature of the forces which have recently pushed the oil price up,” he said. Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Wednesday 23 February 2011 2:53 pm center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo US oil at $100 a barrel as Libya standoff worsens whatsapp Tags: NULLlast_img read more

New home starts plummet in the US

first_img Show Comments ▼ whatsapp Wednesday 16 March 2011 8:36 pm AMERICA’S housing slump looks set to continue, despite recovery in other parts of the world’s largest economy.Housing starts in the US posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, it was revealed yesterday.Groundbreaking on new construction dropped 22.5 per cent last month to an annual rate of 479,000 units, according to Commerce Department data.Meanwhile, producer prices rose by 1.6 per cent in February, as energy and consumer goods saw a strong increase.On Tuesday the Federal Reserve said it would “pay close attention” to rising prices and inflation expectations. KCS-content Tags: NULL New home starts plummet in the US 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Share whatsapplast_img read more