Showing posts with label England. Show all posts
Showing posts with label England. Show all posts

Saturday, December 14, 2013

Winter Storm "Electra" Heads Toward New England


A cold front moved from Midwest toward the East Coast on Saturday and is expected to dump plenty of snow in New England, according to weather forecasts. The storm, named Electra, includes a mixture of ice and snow. While some precipitation is forecast for the Midwest, New England is more likely to bear the brunt. Some forecasts suggest that more than 10 inches of snow could fall through Sunday. Freezing temperatures and icy conditions could also make it harder for residents in the affected areas to drive and shop less than two weeks before Christmas.


Copyright © 2013 MarketWatch, Inc.




FOX Business



Winter Storm "Electra" Heads Toward New England

Tuesday, November 19, 2013

(Video)10 year old British girl explains to her Teddy where money really comes from, & it ain"t the Bank of England

(Video)10 year old British girl explains to her Teddy where money really comes from, & it ain"t the Bank of England
http://isbigbrotherwatchingyou.com/wp-content/uploads/2013/11/a74b8__gun_ban__debt.png


Positive Money is a movement to democratise money and banking so that it works for society and not against it.


Our current financial system has left us with the highest personal debt in history, unaffordable housing, worsening inequality, high unemployment and banks that are subsidised and underwritten with taxpayers’ money. We believe that these problems have a common root: money.




Many of the big social and economic problems that we’re facing today are connected to money. If we want to solve these problems, we have to change the way that money is created. Most of us learn that only the government can create money, but in reality more than 97% of money is created by private banks – the same banks you see on the high-street every day.


The money banks create isn’t the paper money you keep in your wallet. It’s the electronic money that flashes up when you check your balance at an ATM. Find out How Banks Create Money…





Banks create this electronic money whenever they make a loan. That means for every pound in your bank account, someone else must have a pound of debt. The authorities find it very difficult to limit how much money – and debt – that banks can create. As a result personal debt is now higher than ever before.


MORE: Why is there so much debt?










Since almost all of our money is ‘on loan’ from banks, someone must pay interest on nearly every pound in the UK. This interest redistributes money from the bottom 90% of the population to the top 10%. The money banks create also pushes up house prices, and blows up bubbles in financial markets – making the very rich even richer.


MORE: Why are the rich getting richer?










House prices have been pushed up and out of reach by the hundreds of billions of pounds of new money that banks created in the years before the financial crisis. It’s not just that there’s too many people and not enough houses..


MORE: Why are house prices so high?









WHAT REALLY HAPPENED




Read more about (Video)10 year old British girl explains to her Teddy where money really comes from, & it ain"t the Bank of England and other interesting subjects concerning Police State at TheDailyNewsReport.com

Wednesday, November 13, 2013

UPDATE 3-Bank of England slashes jobless forecast, sows confusion over guidance

UPDATE 3-Bank of England slashes jobless forecast, sows confusion over guidance
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/75661__p-89EKCgBk8MZdE.gif




Wed Nov 13, 2013 5:57am EST



By David Milliken and Costas Pitas


LONDON Nov 13 (Reuters) – Britain’s unemployment rate will fall much faster than previously expected due to a strengthening economic recovery, the Bank of England said on Wednesday, but it stressed that it was in no hurry to raise interest rates.


Governor Mark Carney committed in August to keep interest rates at a record low 0.5 percent until unemployment fell to 7 percent – something the BoE predicted at the time could take three years.


But in a new set of brighter economic forecasts, the central bank said unemployment could hit 7 percent in the last three months of 2014, around two years earlier than it expected in August.


“For the first time in a long time you don’t have to be an optimist to see the glass is half full. The recovery has finally taken hold,” Carney told a news conference after the bank published its quarterly inflation report.


However, the central bank stressed that its Monetary Policy Committee was not about to raise interest rates any time soon, as headwinds remained, particularly from the euro zone.


“The MPC’s intention (is) to maintain the exceptionally stimulative stance of monetary policy until there has been a substantial reduction in the degree of economic slack,” it said.


Carney reiterated that a fall in unemployment would not be an automatic trigger for an increase in interest rates.


Sterling jumped and British government bond prices fell to their lowest level in four weeks as investors adjusted to the Bank’s new, shorter timeframe for when unemployment might fall to its threshold for considering an interest rate hike.


Financial markets – which were sceptical about the BoE’s August unemployment forecast – had been pricing in a rise in BoE interest rates around early 2015.


But if interest rates rise as the market expects, growth will be weaker and unemployment will prove slower to fall, the BoE predicted, saying that in this case its mean forecast was for unemployment to stay above 7 percent until the end of 2016.


Data published earlier on Wednesday showed Britain’s unemployment rate fell to 7.6 percent in the three months to September, edging close to the Bank’s threshold.


The BoE said that its central forecasts were now all based on market interest rate expectations, but that did not mean that it believed these rate expectations were correct.


Nonetheless, on this basis it expects inflation to fall below its 2 percent target at the start of 2015 – six months earlier than it had expected in August.


It also revised up its growth forecasts for this year and next. It sees 0.9 percent growth in the last three months of 2013, taking full-year growth up to 1.6 percent compared to 1.4 percent forecast in August. For 2014 it expects annual growth of 2.8 percent, compared to 2.5 percent predicted in August.


Britain’s economic output remains well below pre-crisis levels, however, unlike in most other major economies, and the belief that there is a large amount of unused capacity in Britain is what makes the BoE want to keep rates on hold.


Unlike private-sector forecasters, most of the BoE’s Monetary Policy Committee are convinced that weak labour market productivity will rebound sharply as growth picks up, allowing rapid expansion without creating much extra demand for workers.


Britain’s unemployment rate was nearer 5 percent before the financial crisis, and deputy governor Charlie Bean suggested last month that the 7 percent threshold could be lowered if domestic inflation pressures appeared muted.






Reuters: Bonds News




Read more about UPDATE 3-Bank of England slashes jobless forecast, sows confusion over guidance and other interesting subjects concerning Bonds at TheDailyNewsReport.com

Friday, October 11, 2013

VIDEO: James Arthur on Life After the "X Factor"







James Arthur, the winner of last year’s ‘X Factor’ UK, talks about his new single ‘You’re Nobody ‘Til Somebody Loves You,’ and reveals why he still loves Simon Cowell’s talent show. (Oct.11)













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VIDEO: James Arthur on Life After the "X Factor"

Tuesday, October 1, 2013

VIDEO: DOMINATRIX CLASS: Community Center Unknowingly Offers Sex Bondage Classes







A community center in Trumpington, England unknowingly allowed a bondage training class to take place. The center, usually known for Girl Scout classes, bingo, and women’s groups, didn’t like the idea of the bondage class located there. They cancelled the class and banned the group from the center, claiming it formed because of the popularity of Fifty Shades of Grey.













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VIDEO: DOMINATRIX CLASS: Community Center Unknowingly Offers Sex Bondage Classes

Thursday, September 5, 2013

VIDEO: Angelina Jolie Guides Her Six Children Through LA Airport as the Family Relocate to Australia







Angelina Jolie marshals her six children through Los Angeles international airport as the family reportedly relocate to Australia for her new movie.













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VIDEO: Angelina Jolie Guides Her Six Children Through LA Airport as the Family Relocate to Australia

Thursday, August 15, 2013

VIDEO: Aniston, Sudeikis Bring "Millers" to London







Jennifer Aniston and Jason Sudeikis walk the blue carpet at the European premiere of their new comedy ‘We’re The Millers,’ and talk about those stripping scenes. (Aug. 15)













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VIDEO: Aniston, Sudeikis Bring "Millers" to London

Wednesday, August 7, 2013

Carney"s Bank of England set to join forward guidance club


Mark Carney, the governor of the Bank of England, walks to a monetary policy committee (MPC) briefing on his first day inside the central bank

Mark Carney, the governor of the Bank of England, walks to a monetary policy committee (MPC) briefing on his first day inside the central bank’s headquarters in London July 1, 2013.


Credit: Reuters/Jason Alden/pool






LONDON | Wed Aug 7, 2013 4:06am EDT



LONDON (Reuters) – Mark Carney faces his first big test as Bank of England governor on Wednesday when the central bank spells out how it will try to stop higher borrowing costs from snuffing out Britain’s economic recovery.


Carney and his fellow policymakers are likely to back the idea of giving a clearer picture of how long the BoE will keep its interest rates at their rock-bottom levels.


A growing number of major central banks are providing such forward guidance to help nurse their economies back to health after the damage of the financial crisis.


“The recovery could quickly lose steam if mortgage rates rise, so the BoE’s job now is to use guidance to ensure that the stimulus is not withdrawn prematurely,” said Rob Wood, a former BoE economist who now works for Berenberg bank.


The BoE will publish its views on the merits of forward guidance, as sought by finance minister George Osborne, alongside its quarterly economic forecasts at 0930 GMT (5:30 a.m. EDT). The announcement will be followed by Carney’s first news conference since taking over as governor on July 1.


As central bank chief in his native Canada in 2009, he took what was then the unusual step of committing to putting interest rates on ice for more than a year during the worst of the crisis.


The task looks a lot more complicated in London.


Some top officials at the BoE have previously voiced concern about tying their hands on monetary policy.


And a string of much stronger-than-expected data suggests that Britain’s recovery is already building some momentum.


Yet the economy remains more than 3 percent smaller than before the financial crisis – unlike the United States and Germany which have bounced bank more quickly – and Carney will want to prevent any new drag from higher borrowing costs.


British government debt yields are at their highest in a month after the strong data and a rise in U.S. market rates.


‘SHOCK AND AWE’ NO MORE?


Carney was named to run the BoE last November by Osborne who wants “monetary activism” to offset his fiscal austerity push.


Since then, the BoE’s focus has moved from resuscitating the economy to assisting its recovery, and Wednesday’s announcement will reflect that, said Barclays economist Simon Hayes.


“This may not constitute the ‘shock and awe’ monetary activism that came to be expected from Governor Carney when he was first appointed, but the improved economic circumstances have reduced the need for emergency support,” he said.


Carney has previously stressed the importance of reassuring ordinary people and businesses that their debt costs are not going to rise any time soon in order to give them more confidence about spending which would help the economy.


Financial markets are already pricing in no BoE hike until late 2015 at the earliest.


But with some members of the BoE’s Monetary Policy Committee worried that their inflation-fighting credibility could be at risk, setting a clear time period for keeping interest rates low is considered an outside option by many economists.


The BoE is more likely to say it will keep interest rates unchanged until unemployment falls to a specific level, or inflation expectations rise above 2.5 percent, for example, similar to the U.S. Federal Reserve’s forward guidance.


More radical options include targeting a level of economic output or growth in earnings before considering a rate hike.


As well as keeping interest rates low, the BoE has pumped the equivalent of a quarter of Britain’s annual economic output into financial markets since 2009 by buying government bonds with newly created money.


But that option is on the back burner, at least for now.


(Editing by Ruth Pitchford)





Reuters: Business News



Carney"s Bank of England set to join forward guidance club

Thursday, July 18, 2013

England heatwave warnings extended











The heatwave warning has been raised to “level three” by the Met Office for south-west England and the West Midlands.


The move brings those regions in line with the South East and London, where level three warnings remain in place.


The warning alerts healthcare services to help those in high-risk groups such as the elderly and young children.


Wednesday was the hottest day of the year, with 32.2C recorded at Hampton Water Works in south-west London.




How to stay safe in the sun


Hot weather poses a real danger to health.


The very elderly and the seriously ill are most at risk but people at the peak of physical fitness can still succumb, particularly if they are under extreme physical exertion.


The main threat is dehydration – as we overheat we can soon lose more fluid than we take in.


The body can no longer cool itself and our core temperature, which should be a stable 37C, rises.


At 40C the cells inside the body begin to break down and the body starts to malfunction.


It even stops being able to sweat, leading to more overheating.


The heart rate and breathing rate speed up and the person may fit, hallucinate or become unconscious.


Heatstroke is a medical emergency that needs urgent treatment.



South-west England was issued a similar warning last week, alongside Yorkshire and the Humber – where temperatures have eased to allow a level two warning.


Alerts are triggered when threshold temperatures have been reached for one day and the following night, and the forecast for the next day has a greater than 90% confidence level that the day threshold temperature will again be met.


The threshold temperature for south-west England and the West Midlands is 30C, while for the South East and London it rises to 31C and 32C respectively.


Scotland and Northern Ireland are not included in the alert system.


It is the UK’s first prolonged heatwave since 2006, with six consecutive days of temperatures above 30C (86F).



Set to continue

The warm weather is set to continue into next week with temperatures in the high 20Cs at the weekend before rising to 30C and beyond next week – bringing with it an increased risk of thunderstorms.


Public Health England (PHE) officials have advised people to stay cool, drink lots of cold fluids and keep an eye on those they know to be at risk.


Dr Angie Bone, heatwave plan leader for PHE, said: “In this continued hot weather, it’s important to remember that high temperatures can be dangerous, especially for people who may be vulnerable such as older people, young children and those with serious illnesses.


“During very hot weather, pregnant women and people who have chronic illnesses, including cardiovascular, respiratory, renal conditions, diabetes or Parkinson’s disease, may experience discomfort if indoor temperatures are particularly hot and in using public transport.


“Employers should ensure indoor areas are kept cool and consider allowing these individuals to travel to or from their place of work during cooler, or less busy, times of the day. For those working or exercising outdoors, strenuous physical exertion during the hottest part of the day should be kept to a minimum.”



Warning signs

Mike Tipton, professor of human physiology at the University of Portsmouth, told BBC Radio 5live that the warning signs should be evident.


He said: “As soon as people start to feel anything like light-headedness, feel that they’re hyperventilating, if they’ve got a very rapid pulse, if they start to feel pins and needles in the fingers and around the limbs, slightly nauseous maybe, headaches, then really they need to stop any activity they’re engaged in, move to the shade, sit down or lay down, preferably get help as well.”


Jonathan McShane, from the Local Government Association, says councils are doing their bit to tend to those who may need extra assistance.


On 5live, he said: “Social workers, care workers, people who deliver ‘meals on wheels’, as part of their daily routine they’re now doing an additional check to ensure that people are coping in the heat and they’re staying hydrated and giving them some advice about how they can stay well and comfortable in the extreme weather.”



How are you coping with the heatwave? Are you caring for those in high-risk groups? Send us your comments using the form below.



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England heatwave warnings extended

Friday, July 12, 2013

VIDEO: Raw: Slain British Soldier"s Funeral Friday







The body of slain British soldier Lee Rigby was brought to Northern England for his funeral. Rigby was hacked to death in London on May 22nd, allegedly by two Islamic extremists. (July 12)













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VIDEO: Raw: Slain British Soldier"s Funeral Friday

Saturday, February 23, 2013

Third straight weekend storm heads for New England

BOSTON (Reuters) – New England faced a third straight weekend of storms dumping a messy mix of wet snow and freezing rain across the region, meteorologists said Saturday.


Reuters: Top News


Third straight weekend storm heads for New England