Archive for August, 2012

  • Sales of top-end houses double

    August 30th, 2012

    29 August 2012 Last updated at 06:28 ET Prices have remained relatively stagnant for some time, surveys show Continue reading the main story House price surveys explained How to be a first-time buyer Using the internet to buy a home How to deal with mortgage issues House prices in England and Wales have risen slightly in the past year, but demand for £1m-plus properties has grown sharply, figures have shown. Prices rose by 0.3% in July compared with a year earlier and by 0.8% on the previous month, the Land Registry said. London saw the bi…

  • Focus shifts to USA and Europe

    August 30th, 2012

    Today sees a complete absence of any local data releases, with the focus very much shifting across the channel and also the Atlantic. In the Eurozone we have German CPI Inflation figures, with expectations of a slight rise on the annual rate, and then in the US we have GDP figures and the release of the Federal Reserve’s Beige book. US GDP is expected to drop quite significantly and the Beige book, which is essentially a economic survey compiled from the 12 Federal districts, is expected to be very revealing as to the current economic position …

  • Currency Weekly: Best rates for Brits buying dollars in three months

    August 29th, 2012

      British property buyers are facing the best rates against the US dollar in three months, according to Currency Index. The currency broker reports that although the UK economy is weak, the pound has stayed strong – because the Euro and US dollar have stayed weak too. Further debates among countries about whether Greece should exit the single currency is only adding to the Eurozone confusion. "With the September decisions about Greece's bailout looming, there still appears to be no common policy emerging from Germany, let a…

  • More Real Estate Opportunity in Europe

    August 29th, 2012

    Europe’s financial crisis is wreaking havoc in domestic markets and making things harder for the people there, but it is also creating tremendous opportunities for investment for foreigners with more stable currency. More U.S. investors are shopping for their dream homes in Europe, particularly in countries that are facing more dire circumstances and may be contemplating leaving the European Union. Many speculators feel that Greece is on the verge of a collapse that will cause property prices to plunge. Although certainly not facing the same…

  • How Small Businesses Can Thrive in Small Towns

    August 29th, 2012

    It’s not hard to believe that opening a small business is easier to do in or near a big city rather than in a small town, but a pre-downturn survey taken by the Small Business Association in 2008 found that the average number of small businesses opening and closing in rural, suburban and urban areas was nearly the same. Many state-sponsored and independent programs are available for helping small businesses open and stay open in rural areas, including the Enterprise Facilitation system, the Center for Rural Affairs and programs sponsored by …

  • Is Canada’s New $100 Bill Racist?

    August 29th, 2012

    The Bank of Canada simply wanted to give its citizens some snazzy new bills that would be more durable and harder to counterfeit. But when it came to the images that would grace the currency’s faces, it was not so simple. First, focus groups felt the draft art on the new $100 bill was racist because it featured an Asian woman looking into a microscope, which they felt reinforced the stereotype that Asians excel in science. Some believed other ethnicities should be represented. The bank eventually released the bill last year, replacing the f…

  • Currency Weekly: Best rates for Brits buying dollars in three months

    August 28th, 2012

      British property buyers are facing the best rates against the US dollar in three months, according to Currency Index. The currency broker reports that although the UK economy is weak, the pound has stayed strong – because the Euro and US dollar have stayed weak too. Further debates among countries about whether Greece should exit the single currency is only adding to the Eurozone confusion. "With the September decisions about Greece's bailout looming, there still appears to be no common policy emerging from Germany, let a…

  • Currency news calendar 25-08-12

    August 28th, 2012

    This week’s economic news calendar, with selected releases likely to affect rates, is as follows:Monday 27thUK bank holidayTuesday 28th0200 – Australian home sales0700 – German consumer confidence1500 – US consumer confidenceWednesday 29th1300 – German consumer prices1330 – US GDPThursday 30th0200 – New Zealand business confidence0645 – Swiss GDP0855 – German unemployment0930 – UK mortgage approvals1000 – Eurozone consumer confidence1330 – US personal consumptionFriday 31st0030 – Japanese unemployment0700 – UK house prices0700 – German retail s…

  • Market view 280812

    August 28th, 2012

    With a Bank Holiday yesterday in the UK, certainly from a GBP point of view trading volumes were very low and we haven’t really seen a change this morning from where we left off Friday afternoon. On Friday we saw the release of the revised GDP figures which were not quite a positive as many analysts had predicted. The figure released showed a contraction of 0.5%, an improvement on the original 0.7% contraction but this was a figure that had already been priced into the market and there were concerns over the fall in exports, investments and a…

  • The Deadly Tin Inside Your Smartphone

    August 24th, 2012

    On May 29, in the bottom of a tin-mining pit on Bangka Island in Indonesia, a wall about 16 feet high collapsed, sending a wave of earth crashing down on a 40-year-old father of two. His name was Rosnan. The dirt crushed his legs, sent something sharp slicing through his right thigh, and buried him from the waist down. His partner, panicked but unhurt, scrambled out of the pit screaming for help. About 20 other miners rushed in to dig Rosnan out with their bare hands. “He kept repeating, ‘Please, please help me,’ ” recalls Rosnan’…

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