The horribly inconvenient truth that the ‘good bank’ is about to swallow another 2.5 billion euros of taxpayers money is laid out today by national paper Diário de Notícias. For readers scratching their heads and thinking: “didn’t the politicians assure us taxpayers would not be paying a thing?” , the short answer is: ‘they lied’. As critics always affirmed, Novo Banco is not only not a good bank, it will cost Portugal an arm and a leg and all the rest of the nation’s anatomy in between. The new loan needed to keep the bank afloat will involve 1.149 billion euros this year, 600 million euros next year and 400 million euros in 2021. Technically, the money will be paid by the Resolution Fund – but as this is ‘broke’, it will first need filling … with taxpayers’ money. Explains negocios online, this is “after the 792 million euros that went into the financial institution last year, and the … [Read more...] about Novo Banco to swallow another 2.5 billion euros worth of taxpayers’ money
Money explainers
Stacey Solomon insists she WILL take maternity leave after giving birth to third child after claiming she was too worried about money to have time off work
STACEY Solomon insisted she WILL take maternity leave after giving birth to her third child, after claiming she was too worried about money to take a break. The pregnant Loose Women star confirmed she'll temporarily quit the chat show and other telly commitments when she delivers her first baby with partner Joe Swash. Stacey, 29, told Lorraine viewers: "I will give myself a couple of weeks to adjust before the due date. "But you know I enjoy my work so much and that will keep me occupied, it gets to that point in pregnancy that you think 'Oh my god is it ever going to end?' Work can help with that. "People keep saying I can't take maternity leave but of obviously I can, but we are all self employed so it is different, we could not be working for the next six months. "I'm not planning on having loads of maternity but I'm not planning on having none." Stacey had previously told Loose Women viewers that taking maternity leave is difficult because she doesn't get paid. She explained … [Read more...] about Stacey Solomon insists she WILL take maternity leave after giving birth to third child after claiming she was too worried about money to have time off work
Western Weapons, Gulf Money Prolonged Syrian War – Ex-UK Ambassador to Damascus
March 15 marks the anniversary of the beginning of anti-government protests in Syria in 2011, which subsequently turned into violent clashes between various opposition groups and the security forces. The conflict was further aggravated by the activities of various terrorist groups, including the Islamic State (ISIS, terror group banned in Russia) on the Syrian territory. According to the UN estimates, around 500,000 people have been killed since the violence broke out. If the West and the Arab Gulf states had stayed outside the conflict, it would have ended "inside a year," saving hundreds of thousands of lives, Ford pointed out. The administration of ex-US President Barack Obama and its allies behaved with extraordinary irresponsibility in funneling huge amounts of weapons and other resources to what were clearly ultra-violent Islamist extremist terrorist groups, Ford recalled. The … [Read more...] about Western Weapons, Gulf Money Prolonged Syrian War – Ex-UK Ambassador to Damascus
Economist explains why NZ can’t borrow and spend to fix the housing shortage
An economist has warned the Government not to up its borrowing, despite record-low borrowing costs. The Government's latest 10-year bonds have an average yield of 2.1 percent, with some paying out as low as 1.82 percent on maturity - barely above the official cash rate. "I don't think the cost of borrowing is going to be an issue for years to come," independent economist Cameron Bagrie told The AM Show on Friday. Borrowing, road tolls better than taxes - Infrastructure NZ Time for the Government to borrow and spend - economist But this doesn't mean the Government should borrow as much as it can, he warned, despite a desperate need for infrastructure and housing across the country. "If you look at New Zealand at the moment, the construction sector is capacity-constrained," said Mr Bagrie. "We are at full employment. So even if we went out there and borrowed an additional $10 to $20 billion to get out there and address the infrastructure deficits, it's not obvious we've got the … [Read more...] about Economist explains why NZ can’t borrow and spend to fix the housing shortage
Profiteers are making money from victims of Tory austerity – Christine Grahame
0 Have your say We all borrow things, says MSP Christine Grahame, but should never have to get in debt to buy the essentials of life. My late mother used to always discourage “borrowing” even for the smallest of items and I suppose that’s why I’m so resistant to doing it myself What’s the saying – “Neither a borrower or a lender be”? It’s not as I thought a quote from the Bible but Shakespeare. It was Polonius, a character in Hamlet giving advice to Laertes: “Neither a borrower nor a lender be; For loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.” Bit of truth in that. Mind you I have borrowed in my time; books, scissors, a Hoover, a screwdriver, hair dryer for example. I have borrowed money, apart from the usual mortgage or overdraft which is of course borrowing, There is the odd occasion when you have forgotten your purse or don’t have change for the … [Read more...] about Profiteers are making money from victims of Tory austerity – Christine Grahame