Month: February 2015

British monetary policy

British monetary policy

THE Bank of England released its quarterly inflation report this morning. It also published the letter from Mark Carney, governor of the bank, to George Osborne, Britains chancellor of the exchequer, that was required to explain why inflation–currently 0.5%–had deviated more than a percentage point below the banks target of 2%. According to the reports…

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US SEC investor advocate raps Congress over financial data bill

US SEC investor advocate raps Congress over financial data bill

WASHINGTON Feb 20 (Reuters) – The US Securities and Exchange Commissions top investor watchdog blasted Congress on Friday over a bill that would exempt a broad swath of companies from rules requiring them to file their financial statements in a machine-readable format. If passed by the Senate and signed into law, I believe this bill…

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Cash Converters International Ltd (ASX:CCV) 31.12.14 Chairman & MD’s Review

Cash Converters International Ltd (ASX:CCV) 31.12.14 Chairman & MD’s Review

Sydney, Feb 16, 2015 (ABN Newswire) – Cash Converters International Ltd (ASX:CCV) (OTCMKTS:CKKIF) is pleased to report a growth in revenue of 20.5% on the previous corresponding period to $187.7 million. The normalised EBITDA profit for the period was $32.4 million, up 31.4% on the previous period. During the half-year, the termination of the Kentsleigh/Cliffview…

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Monetary Policy Gone Wild – When the Best Offense is Defense

Monetary Policy Gone Wild – When the Best Offense is Defense

Recently, to my shock and horror, one of the members forwarded what was actually a marketing letter featuring the author Jim Rickards. The sales letter was a clever re-telling of Rickards experience as a consultant for the CIA and Pentagon during a financial war game simulation. At first, I could not allow myself to believe…

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National Consumer Protection Week to focus on consumer rights

National Consumer Protection Week to focus on consumer rights

Organizations around the country can show their commitment to consumer protection by teaching people about their consumer rights during National Consumer Protection Week (NCPW) during the week of March 1-7. More than 80 Nonprofit groups, businesses and federal, state and local government agencies are partners in NCPW and hundreds of other agencies and organizations host…

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Is credit card balance transfer a good idea?

Is credit card balance transfer a good idea?

Pankaj Mathpal Balance transfer refers to the process of transferring the outstanding dues from one credit card to another one. This is kind of refinancing and Banks frequently give such offers to acquire clients. Rate of interest offered by the new bank is lower than the interest you pay on your existing card. The offer…

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Inflation, Expectations and Monetary Policy

Inflation, Expectations and Monetary Policy

Introduction Thank you for inviting me to be with you today. I am delighted to be here. At the Bank of Canada we need a thorough understanding of what is happening in the economy – not only at the aggregate level, but also at the level of individual agents, such as entrepreneurs like yourselves. You…

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In the house: Parliament debate on RBZ Debt Assumption Bill lacks substance

In the house: Parliament debate on RBZ Debt Assumption Bill lacks substance

I was this week hugely disappointed by the nature of debate in the National Assembly on the Reserve Bank of Zimbabwe (RBZ) Debt Assumption Bill. By John Makamure The debate lacked substance, and took an unfortunate partisan approach. It was very clear from the contributions that some of the Members of Parliament had not even…

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Financial aid director at North Idaho College arrested for offering …

Financial aid director at North Idaho College arrested for offering …

The financial aid director at North Idaho College was arrested this month and fired for offering to trade scholarships for sex with a student. However, the student wasn#39;t real. Joseph Bekken was arrested and jailed on charged of attempted misuse of public funds, attempted procurement of prostitution, burglary, using a computer in a scheme to…

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