- 27 April 2012
According to Michael Schuman, the decision last week by the shareholders of Citigroup to reject a $15 million pay package for CEO Vikram Pandit is a victory for capitalism, and a signal that, hopefully, more capitalism is on the way. The Curious Capitalist
From Banco Santander CEO Alfredo Saenz: "Mortgages get paid in good times and in bad," he said in a news conference at the bank's headquarters outside Madrid. "Anyone raising this problem as one of the issues for the Spanish financial system is saying something stupid." FT Alphaville
If earnings reports make you dizzy, don't worry, because Derek Thompson sums up Apple's $39 billion second-quarter performance into four graphs that break down revenue and revenue growth by product, and by country. The Atlantic
The list includes: The one-year rule, the no-friends rule, the 2% rule and the Good health rule. The Altucher Confidential
Morgan Sandquist, a member of the Occupy Wall Street Alternative Banking Group is puzzled why – despite the fact that the largest banks in America-Citibank, Bank of America, Wells Fargo, and others are probably insolvent – no-one seems to care. Naked Capitalism
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- Today's UK production hiccup poses the question of will we regain past peaks?
- Will Grecovery be strong enough to lift Greece out of its economic depression?
- Who would have though such a large trade deficit would be accompanied by a rising UK Pound?
- Weak demographics and lack of economic growth are real problems for Portugal
- House prices rise by 8.8% in 12 months says Halifax though monthly price falls by 0.6%
- Rents rise 4% in Prime Central London with Marylebone leading the way up 23%
- Be proactive; don’t procrastinate
- British ex-pats in the Eurozone see value of state pension rise 26% in five years as sterling strengthens
- This is an "unloved" rally. Expect a bumpy transition to a normal environment says JP Morgan's Stephanie Flanders
- Just like Bill Gates - 10% of over 50s not planning to leave their children money