Monthly Archives: November 2012

Nov 30 2012

'It is time for the global community to stand up'

Reblogged from tooyoungtowed:

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GUEST POST BY CONGRESSWOMAN BETTY McCOLLUM

Nearly a year ago, Congresswoman Betty McCollum, D-MN, traveled to Bangladesh to evaluate U.S.-funded initiatives that impact the health, education and economic security of women and girls, especially efforts to prevent child marriage. She also co-sponsored House Resolution 6087, the International Protecting Girls by Preventing Child Marriage Act, designed to protect the rights of girls in developing countries.

Read more… 501 more words

It is time for the whole world to help change our future
Nov 29 2012

Banks “misleading” people….NO WAY, IT’S NOT POSSIBLE!!!


Are you ready for a shock…..

Banks giving ‘misleading’ details about bad debts and may have to set aside £35billion more, BoE warns

Britain’s banks could be ‘misleading’ investors by failing to account properly for bad loans, including where they have given borrowers leeway on their debts, the Bank of England has warned.

The Bank of England urged lenders to take action to bolster their balance sheets and reveal the full extent of losses on bad debts, as well as expected compensation bills, in particular for mis-sold payment protection insurance (PPI).

The UK’s four biggest banks – HSBC, Lloyds Banking Group, Barclays and Royal Bank of Scotland – could need to increase their capital reserves by as much as £35billion between them, according to the Bank.

Read more: http://www.dailymail.co.uk/money/news/article-2240389/Banks-giving-misleading-details-bad-debts-set-aside-35billion-BoE-warns.html#ixzz2DeKgJy6A
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Nov 29 2012

Property market is screwed in the UK..surprised?


Just face facts …nothing is looking good in property

Stagnant property market sets house prices up to go nowhere in 2013

 

Property prices were flat in November and are likely to remain this way, or edge ever slightly lower next year, according to the latest Nationwide House Price Index.

The average house price over the course of the month slipped £300 to £163,853 in November, however, seasonal adjustment which adjusts figures to fairly compare quiet and busy months rendered this as a 0 per cent change.

With just one month left of 2012, house prices look likely to be broadly flat over the year – with the index posting a December 2011 figure of £163,822.

House prices: They have remained slightly lower compared to last yearHouse prices: They have remained slightly lower compared to last year

However, prices are 1.2 per cent lower compared to November 2011 and means the average property has lost almost £2,000 in value in the past 12 months. House prices have been down on an annual basis for the last nine months in a row.

Novermber’s flat performance followed a modest 0.6 per cent monthly increase recorded by the study in October which saw the average property value hit £164,153.

According to the report, annual price growth has remained within a narrow margin of between 1.5 per cent and minus 1.5 per cent on all but two occasions over the last two years.

Nationwide said that overall, house prices have remained stable, helped by the better-than-expected performance of the labour market in the tough economy.

 

According to Office of National Statistics (ONS) earlier in the month, the jobless total was 49,000 lower for July to September than for the preceding quarter, taking total unemployment down to 2.51million – 7.8 per cent of the potential workforce. The number of employed people rose by 100,000 to 2.51million.

Robert Gardner, chief economist at Nationwide, said: ‘The annual rate of house price inflation remained in negative territory for the ninth month in a row in November. However, the pace of decline remained extremely slow, with prices just 1.2 per cent below the level prevailing in November 2011.

‘The predominant theme remains one of stability. Indeed, UK house prices were unchanged over the month in November, after taking account of normal seasonal factors.’

Read more: http://www.dailymail.co.uk/money/mortgageshome/article-2240272/House-prices-fall-ninth-month-row-November.html#ixzz2DeImYB00
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Why do they want to build on green land when so much is empty????

please comment if you care as I have no idea…..

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Nov 27 2012

What future do we have – Education, employment and years of recession


Jobs are not being created, employment figures are negative.

The government of the UK is under attack. Recent figures show the flagship job scheme is not working. The flagship scheme was to have 5.5 billion poured into it.Targets were to be 5.5% into long term employment. The results of job creation on a long term basis were 3.35%.Opposition parties are stating that if they had done nothing the figures would have been the same , so the money being wasted is incredible.The government want at least another year to prove the scheme is working. Is this another example of failed policies and kicking the “can” down the road?

However, the question of the effects on the future of unemployed and future job seekers needs to be addressed.

 

The question of long term unemployment has to be covered.

This week George Osbourne had stated that the UK could be in recession for another 5 years.

Mervyn King has warned the new governor that he has years of trouble ahead of him.

If this is the case and growth does not happen, what will be the lasting affects on those already out of work and those that will join them.

The consequences of long term unemployment are disastrous on individuals and communities.

With a massive  lack of finance and no inward investment into new business creation, the situation seems doomed to many. Recent polls show that the majority  of the population are highly negative about the future. The situation is the same in many other countries with 77% of Americans concerned about the consequences off the “fiscal cliff”.Barack Obama has a huge job on his hands. The infighting between republicans and democrats needs to be settled for the future of the USA.

Now add this to the equation..

Reports today that over 2 million children are not receiving a proper education and the costs of further education are rising…the picture is grim.

If you take a society that has few opportunities, children not gaining the education they need and schemes in place not working….where will we be in 12 months time.

Children leaving schools without skills leaves a society that not only has no jobs but the unemployed are not able to fill the jobs that are there.

Will it be a case of foreigners coming to the UK to fill skilled positions. Will that lead to money leaving the UK and supporting the growth of other economies.

The questions and possible outcomes are endless but the situation needs action and drastic action at that.

I could go on with other factors like Greece not having to pay back all the loans they received. What happens to the loans that the UK has given to others? Is this going to be less revenue for the Treasury? Tax avoidance from individuals and companies operating in the UK..less revenue???

We need action and what that is I do not know.

The situation is desperate and people need to react and put pressure on the politicians who are not fixing this recession and economical nightmare. Our future is in our hands but only if we voice our opinions. So start SHOUTING!!!

 

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Nov 27 2012

Fiscal Cliff / Unemployment Benefits will abruptly end for 2 million in dec., and nearly one million more in the first quarter of 2013

Reblogged from Job Market Monitor:

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Because over five million workers will be unable to collect federal UI benefits next year if Congress fails to act, NELP is calling upon Congress to make this issue a priority during the lame-duck session of the 112th Congress. Not only should Congress reauthorize the EUC program in its current form for the next year, it should also make a modest but high-impact investment in reemployment services.

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Nov 27 2012

European Parliament warns against UN internet control

Reblogged from tramp4ever's blog:

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The UN should not be allowed to take over control of the internet, Euro MPs have warned.International governments are set to agree a new information and communications treaty next month.Reports in the Russian press have suggested the Kremlin and others wanted control of key internet systems passed to a UN agency.Internet control currently lies largely with US-based groups such as Icann, which regulates the web address system.The European Parliament has said the UN's International Telecommunications Union ITU was "not the appropriate body" to have authority.The ITU has said a new treaty was needed to ensure "the free flow of information around the world, promoting affordable and equitable access for all and laying the foundation for ongoing innovation and market growth".The UN agency is hosting the conference to draw up the treaty between 3 and 14 December in Dubai.Members of the European Parliament backed a resolution which urged member states to reject changes to the International Telecommunication Regulations ITR which would "negatively impact the internet, its architecture, operations, content and security, business relations, internet governance and the free flow of information online".

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How will life change ?
Nov 27 2012

BBC News - Eurozone Finance Ministers Agree Deal On Greece Bailout - 27 November 2012

Reblogged from Lucas 2012 Infos:

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Eurozone finance ministers and the IMF have reached a deal on an urgently needed bailout for debt-laden Greece.

They have agreed to cut debts by 40bn euros ($51bn; £32bn) and have paved the way for releasing the next tranche of bailout loans - some 44bn euros.

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more debt and interest agreed for greece...a long road the can has been kicked down.
Nov 27 2012

EconoMonitor » The U.S. is sliding down an investment slope

Reblogged from Gold, Stocks & Forex:

Thomas Grennes & Andris Strazds highlight the contraction in US private investment since the GFC:

Recent evidence.......suggests that while U.S. GDP growth has surpassed its pre-crisis level, investment has been declining. A comparison with China would not be appropriate due to differences in growth rates and the level of economic development, but even a comparison with the EU-15 is not flattering to the U.S.

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Nov 26 2012

America needs to resolve the “fiscal Cliff” syndrome ….NOW!


Politicians under pressure from businesses.

American businesses are sitting on huge amounts of cash but are unwilling to spend this due to the political uncertainty.

Can congress come up with a solution to the fiscal cliff crisis.

Is it not peculiar that after the USA voted to return Obama to power, this debate continues. The problem has to be resolved and the people of America voted to give President Barack Obama another chance.

Recent polls are showing 77% of Americans believe this economic situation is having a negative effect on them and are very concerned about the near future.They believe the fiscal cliff issue is a big problem and concern is growing.

If businesses have confidence they will invest in growth and therefore job creation but this is about politics and the elected need to deal with this NOW1

‘Fiscal cliff’ and where to raise taxes, breaking the Taxpayer Protection Pledge and more

Posted by…. Allen McDuffee

‘Fiscal cliff’: Consensus on increasing tax revenue, a wide gulf on how to do it: “For the first time in decades, a bipartisan consensus has emerged in Washington to raise taxes. But negotiators working to avert the year-end fiscal cliff remain far apart on crucial details, including how taxes should go up and who should pay more. . .Neither side gave ground in an opening round of staff-level talks last week at the Capitol. As President Obama and congressional leaders prepare for a second face-to-face meeting as soon as this week, the divide over taxes presents the biggest obstacle to replacing the heap of abrupt tax hikes and spending cuts, set to hit in January, with a less-traumatic debt-reduction plan.”….read more… (Washington Post)

NBC NEWS

Good news, bad news in averting the fiscal cliff… A potential compromise?… More GOPers say they’re willing to break Norquist’s tax pledge… Team Obama gets its cease fire in Gaza… McCain softens his criticism of Susan Rice… And Shelley Moore Capito and the potential 2014 retirees.

By Chuck Todd, Mark Murray, Domenico Montanaro, and Brooke Brower

*** Good news, bad news in averting the fiscal cliff: With Congress returning from its Thanksgiving break, here’s the good news for those looking to avoid the upcoming so-called “fiscal cliff”: Members of both parties do agree on one LARGE point — taxes for the wealthy should go up. “It’s fair to ask my party to put revenue on the table. We’re below historic averages,” Sen. Lindsey Graham (R) said on ABC yesterday, adding: “But to do this, I just don’t want to promise the spending cuts. I want entitlement reforms.” And, as it turns out, some Democrats are willing to look at some entitlement reform. “We can make meaningful reforms in Medicare and Medicaid without compromising the integrity of the program, making sure that the beneficiaries are not paying the price for it, except perhaps the high-income beneficiaries. That to me is a reasonable approach,” Sen. Dick Durbin explained on ABC… But here’s the bad news: The two sides can’t agree on how to raise the taxes on the wealthiest. Democrats are adamant that the Bush tax cuts must expire for them (which would raise their tax rate), while Republicans insist that rates can’t increase….read more…http://firstread.nbcnews.com/_news/2012/11/26/15454203-first-thoughts-good-news-bad-news-in-averting-the-fiscal-cliff?lite

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