Chilean mine company owners to be questioned over causes of collapse

August 31st, 2010
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Bosses to be quizzed over safety failures that led to 33 miners being trapped, as engineers begin drilling rescue shaft
The owners of Chile’s San Esteban mining company face questioning by a government committee today over safety failures that led to the accident which trapped 33 miners underground.
Co-owners Alejandro Bohn and Marcelo Kemeny will be asked [...]

Filled Under: Financial News, Uncategorized

Anglo Irish Bank reports €8.2bn first-half losses

August 31st, 2010
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Bank posts massive €8.2bn loss for first six months of 2010 and faces an uncertain future over continued state bailout
The nationalised Anglo Irish Bank has today announced losses of €8.2bn (£6.7bn) for the first six months of this year.

The bank, which has been supported with billions of euros from the Irish taxpayer, faces an uncertain [...]

Filled Under: Financial News, Uncategorized

Diane Abbott gives cursory response to questions from august wing of Labour movement

August 31st, 2010
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Main Labour leadership rivals agree on need to promote co-operative model in public services
Pity supporters of the Labour movement. They will be receiving a raft of emails and pamphlets from the five candidates for the Labour leadership this week along with their ballot papers.
But one lengthy email will have a different and fresher feel. The [...]

Filled Under: Financial News, Uncategorized

Greenpeace ’shuts down’ Arctic oil rig

August 31st, 2010
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Environmental campaigners slip through security boats to scale Cairn Energy oil rig in dawn raid
Greenpeace claims to have shut down offshore drilling by a British oil company at a controversial site in the Arctic after four climbers began an occupation of the rig just after dawn.
The environment campaigners said the four protesters evaded a small [...]

Filled Under: Financial News, Uncategorized

Home truths for complacent economists | Dean Baker

August 31st, 2010
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Tax credits disguised the fundamental weakness of the US housing market. The reality reveals bleak prospects for growth
The howls of surprised economists were everywhere last week as the government reported on Tuesday that July had sharpest single-month plunge in existing home sales on record. The next day the commerce department reported that new home sales [...]

Filled Under: Financial News, Uncategorized

£10,000 rake-off plan for residents who approve new homes

August 31st, 2010
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Developers would share their planning gains with local people under Policy Exchange proposals for building more houses
Britain needs a massive house-building programme to stabilise property prices – which could be promoted by allowing villages to share in developers’ profits if they approve plans and by ending the right to a council house on the basis [...]

Filled Under: Financial News, Uncategorized

CBI to host climate change ‘clash of the titans’ debate

August 31st, 2010
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Former government chief scientist Sir David King, in the green corner, to take on arch-sceptic Lord Lawson in public showdown
The most prominent climate sceptic and the most vocal advocate of the cause in the UK are to take part in their first public debate on the subject.
The “clash of the titans” will be between Lord [...]

Filled Under: Financial News, Uncategorized

Not much love lost between Wikipedia and WikiLeaks

August 31st, 2010
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The not-for-profit trust behind the world’s biggest on-line encyclopedia, Wikipedia, is none too thrilled at a constant assumption that it has something to do with the controversial whistleblowing website WikiLeaks. Just for the record, it does not.
Sue Gardner, a former journalist for Canada’s CBC broadcasting network, is executive director of the Wikimedia Foundation which runs [...]

Filled Under: Financial News, Uncategorized

Bundesbank executive provokes race outcry with book

August 31st, 2010
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Merkel leads calls for Thilo Sarrazin to be sacked over remarks about migrants being ‘unfit or unwilling to integrated’ into society
The German chancellor, Angela Merkel, has called for the dismissal from the central bank of a prominent board member who has repeatedly said that Muslim immigrants in Germany are unfit and unwilling to integrate into [...]

Filled Under: Financial News, Uncategorized

Global markets fall as investors are braced for poor US economic results

August 31st, 2010
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• Countries fear US heading for a double-dip recession • Poor US employment figures expected on Friday
Financial markets around the globe fell today as investors faced a crucial week of data on the US economy.
The prospect of poor employment figures on Friday and a snapshot of the state of manufacturing on Wednesday has unnerved markets [...]

Filled Under: Financial News, Uncategorized

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