What Fed chair Yellen was saying the day after Lehman went bust February 21, 2014 Back in September 2008, now Fed chair Janet Yellen attended a meeting of the Federal Open Market Committee as an alternate member. That meeting came the day after Lehman Brothers went bust. Here's what she had to say: During the past several weeks, my head office and Branch directors have become decidedly more pessimistic about [...]
The 7 issues Clegg and Farage must tackle in EU debate February 21, 2014 As Nick Clegg and Nigel Farage prepare to go head to head over Britain's membership of the European Union, LBC listeners will be waiting eagerly to see which arguments the two men use to land their best blows. In terms of what is most important for Britain regarding EU membership, here are seven of key [...]
Game on – Farage to take on Clegg over EU February 21, 2014 Nigel Farage has accepted Nick Clegg's challenge to debate Britain's membership of the European Union. Speaking to LBC's Nick Ferrari show, Farage said: I have absolutely no choice I've got say yes. He added: I will do it with Nick Clegg, but the other two, I'd like to see them there as well. In the [...]
Nick Clegg challenges Farage to EU debate February 20, 2014 The deputy prime minister has thrown down the gauntlet to the leader of UKIP Nigel Farage for a "public, open debate" on the UK's membership of the European Union. Speaking on his weekly LBC radio programme Nick Clegg said "If Nigel Farage is either listening or looking at this programme I hope he would take [...]
Is the Indian government copying George Osborne? February 18, 2014 A beleaguered finance minister announces his budget to his country’s parliament, trying to reduce his country’s budget deficit in the face of above-average inflation and dreary growth prospects. The scene might sound familiar to followers of British politics, but yesterday it was Indian finance minister Palaniappan Chidambaram’s turn. The situation is hardly unique in [...]
Dovish Yellen lifts markets February 11, 2014 NEW FEDERAL Reserve chair Janet Yellen buoyed markets yesterday, insisting that the US jobs recovery is “far from complete” – even as the Fed tapers quantitive easing (QE) by $10bn (£6.07bn) each month. The Fed previously said it would not consider raising interest rates until unemployment dropped below 6.5 per cent, but Yellen’s comments strongly [...]
Les Matheson takes McEwan’s old job at RBS February 11, 2014 RBS’s UK retail banking arm will be run on a permanent basis by Les Matheson, the bank said yesterday. The position was held by Ross McEwan, now chief executive of the whole bank. Since that appointment Matheson has headed the unit on an interim basis. He was previously in charge of products and marketing in [...]
… as reports say China regulator asked Dimon to hire family friend February 10, 2014 CHINA’S top insurance regulator directly asked JP Morgan Chase’s chief executive Jamie Dimon to hire a family friend as a “favour,” the New York Times has reported, citing a confidential email. The latest report comes as Wall Street’s practice of hiring family and friends of China’s ruling elite continues to attract the attention of regulators. [...]
The Long View: Bill Gates is gone and the dot-com era is over: It’s only the end of the beginning February 6, 2014 AS FACEBOOK turns ten, and with Bill Gates stepping down as Microsoft chairman, it feels like something is drawing to an end. But if so, it is only the end of the technological revolution’s beginning. It is extraordinary to look back now and think how visionary both Gates and Facebook’s Mark Zuckerberg were: Gates saw [...]
No Diane Abbott, now is the worst time for rent controls February 5, 2014 It'd be hard to miss London's housing problems. London house prices rose by a staggering 11.6 per cent in the year to November 2013, according to ONS data. Labour MP Diane Abbott has proposed a solution: Just made a speech in Parliament on need for RENT CONTROLS #ifnotnowwhen? #londonhousingcrisis — Diane Abbott MP (@HackneyAbbott) February [...]