Community Views : What’s on the boards today….26th Oct 2010

26th October 2010

The Daily Telegraph

"Mervyn King, Governor of the Bank of England, has thrown his weight behind breaking up the banks as part of wider reforms to protect the taxpayer from another financial industry meltdown."

lovebetter comments: "I vote for this. If you go down the wrong track, just back up to the place you were at before you moved and try again – that's the time before Glass-Steagal and maybe earlier. We're out here to help you Mr King, so just get on with it. We have given you the power."

The Daily Telegraph

"Britain may recover billions of pounds of tax from wealthy residents who hide their assets in Swiss bank accounts after striking a deal with the Swiss authorities."

Marcus says: "Move your account to Monaco….."

The Daily Telegraph

"Blistering growth in Germany is aggravating the growing gap between the eurozone's North and South and may force the European Central Bank to tighten monetary policy long before the high-debt states are ready, Standard & Poor's has warned."

Simon Temple-Bennett thinks: "That's what you get with an economy based on actually making things rather than an over-reliance on imaginary stock market profits."

The Guardian

"UK economy grew by 0.8% in last quarter. Economic growth slowed significantly between July and September but was still double that of City forecasts."

TruckTurner comments: "Wait until the cuts bite and one million extra people are out of work. Then we'll find out if the economy is still 'growing'."

The Guardian

"The price of crucial minerals used in everything from smart phones to wind turbines and radar systems – and the shares of companies seeking to produce them – are soaring after Beijing slashed global supplies."

NoNukesPlease comments: "Whatever happened to the idea of recycling? Surely, all these minerals can be found in our discarded technology?"

The Guardian

"Mortgage lenders report the worst monthly net lending since 2000 , with one economist saying the current housing market 'has very little going for it'"

eckythump thinks: "Can't you just save everybody's time and energy and close down these comments and replace them with these from 5 days ago?"

The Motley Fool

"A Higher State Pension Will Reward Investors. Abolishing means-testing boosts the incentive to save."

Gibbox comments: "I'm sorry – but this just seems to good to be true! I have always regarded any state pension payment as a bonus and my financial planning for retirement has never considered the state pension (my pension being 20 years away)"

 Wall Street Journal

"Warren Buffett tapped a little-known hedge fund manager as the leading candidate to succeed him as the chief investment officer of Berkshire Hathaway Inc. when the legendary stock picker eventually steps down."

Lorenzo St.Dubois says: "To me Buffett is a living legend. He somehow reminds me of the ethical capitalism where moral principle has higher standing than profit. I will be sad when he retires."

 The Daily Mail

"Record numbers of students rush to beat university fees rise"

Granny from Basingstoke comments: "Why is there apartheid between the the Welsh the Scotts who universites are FREE, with the English having to pay such high fees for thiers. Don't all British people pay the same income tax, and Why did David Cameron say "We are all in this together" when He meant to say only the English must pay"

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