FROM OTHER NEWS SITES
DAILY TELEGRAPH OECD: fifth of British teenagers 'drop out of school at 16' - Thu, 09 Feb 2012 16:36:50 GMT
OECD: fifth of British teenagers 'drop out of school at 16' - Thu, 09 Feb 2012 16:38:34 GMT
FINANCIAL TIMES Greek parties agree austerity cuts - Thu, 09 Feb 2012 12:49:37 GMT
Greek parties agree austerity cuts - Thu, 09 Feb 2012 16:02:08 GMT
BBC NEWS BBC News - Business - Thu, 09 Feb 2012 16:54:02 GMT
BBC News - Business - Thu, 09 Feb 2012 12:51:04 GMT
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CML: Mortgage arrears and possessions conference at the The Midland Hotel, Peter Street, Manchester, M60 2DS
Expected delays in US $700bn bailout causes stock markets to fall
Asian stock markets fell overnight following the lead of the US market yesterday, which fell 370 points (3.27%), as the expectation was that there would be delays in enacting the Hank Paulson $700bn rescue plan, with London expected to go lower when the market opens shortly.
Both Republicans and Democrats are calling for more time to debate some of the issues, particularly the level of pay that bank chiefs should get as they are blamed for the bad loans that have created the crisis in the first place. There are also calls for more help for the homeowners who face losing their homes.
Overall there is also concern that Mr Paulson has been handed too much power, with some believing that $700bn being put in one persons hands unwise.
- TMA launches into GI market
- Berkeley James offers intermediaries potential commission windfall
- Rental market booming
- Stamp duty and homeworking could lead to a relocation boom.
- Equity release becomes SAFER
- Equity release should be last resort, says Which?
- Parents preferred to brokers for advice by many
- SHIP responds to Which? equity release report
- PMPA announces that it is to close
- FSA to use powers to curb excessive bank bonuses
- Equity release not last resort says Saga
- Average FTB thinks they need a £19,100 deposit
- Bank of England on the credit crunch
- BBA figures show house purchase and re-mortgage lending down
- Foreign property is big business
- SNP looking at saving HBOS for Scotland
- Mortgage rates set to climb
- FSA appointments two senior advisors
- AEGON wants financial advice on the policy agenda