Huge shortage of caregivers looms for baby boomers, report says

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Huge shortage of caregivers looms for baby boomers, report says

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BoE's Bean - Guidance is clear signal on interest rates: report

The Bank of England is seen in the City of London August 7, 2013.

Credit: Reuters/Toby Melville

LONDON | Mon Aug 26, 2013 10:19am BST

LONDON (Reuters) - The Bank of England is sending a "clear signal" that interest rates are not likely to rise imminently with its new forward guidance plan, Deputy Governor Charlie Bean said in an interview published on Monday.

The central bank is "communicating not just to market participants, but to people, to households and businesses, to give them a clear signal that interest rates are not likely to rise imminently," Bean told Bloomberg.

"What we're trying to do is explain as clearly as we can, what are the factors that will guide policy going forward, recognising the world is an uncertain place," he said, adding he was "a little bit" surprised at the reaction to the plan in financial markets which have pushed up yields on British government bonds

(Writing by Li-mei Hoang, editing by William Schomberg)

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Wind Farm Report Into House Price Blight

An official Government report into renewable energy will reveal for the first time how wind farms affect rural house prices.

Consultants have been brought in by Environment Secretary Owen Paterson to look at whether renewable technologies drive down property values.

The work is part of a wider cross-government study looking at the effect of renewables on the countryside and rural economy.

Its findings will fuel a coalition rift over onshore wind turbines, with Tory MPs already predicting it will reveal "billions of pounds of planning blight".

Energy Secretary Ed Davey has rejected claims his officials are blocking the study amid anger that Mr Paterson is encroaching on his remit.

"My department is not blocking a Defra report on the impact of wind farms," he wrote in a letter to the Telegraph.

"The Government is committed to moving to a secure, affordable, low carbon energy system, without excessively relying on any single technology.

Ed Davey downplayed any coalition rift

"So, this cross-government study will look at maximising the benefits and minimising the negative impacts of all technologies, including shale gas and nuclear."

The Government stressed the report was a joint project between the Department of Energy and Climate Change (DECC) and Department for Environment, Food and Rural Affairs (Defra).

A spokesman said: "We need to ensure that energy is generated in a way that is sustainable and understand the effects that different technologies have on the environment and on communities across the country.

"DECC and Defra are working together on this report, which is not yet complete, to ensure that it meets the usual standards and quality assurances that you would expect from any Government publication.

"A diverse energy mix is the best way to meet our energy security requirements, our climate change commitments and keep energy bills affordable."

A Defra spokesman added: "It is our role to rural-proof policy. We need to ensure that energy is generated in a way that is sustainable.

"Sustainability includes the economic as well as social and environmental impacts."

Tory MP for Daventry Chris Heaton-Harris claimed one of his constituents had seen their home's value plunge from £700,000 to £250,000 because of wind turbine plans.

But Jennifer Webber, from RenewableUK, told the Telegraph: "All the expert academic research published in this country and abroad over the last few years shows there's no conclusive evidence to suggest that wind farms affect house prices."

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This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Wind Farm Report Into House Price Blight

An official Government report into renewable energy will reveal for the first time how wind farms affect rural house prices.

Consultants have been brought in by Environment Secretary Owen Paterson to look at whether renewable technologies drive down property values.

The work is part of a wider cross-government study looking at the effect of renewables on the countryside and rural economy.

Its findings will fuel a coalition rift over onshore wind turbines, with Tory MPs already predicting it will reveal "billions of pounds of planning blight".

Energy Secretary Ed Davey has rejected claims his officials are blocking the study amid anger that Mr Paterson is encroaching on his remit.

"My department is not blocking a Defra report on the impact of wind farms," he wrote in a letter to the Telegraph.

"The Government is committed to moving to a secure, affordable, low carbon energy system, without excessively relying on any single technology.

Ed Davey downplayed any coalition rift

"So, this cross-government study will look at maximising the benefits and minimising the negative impacts of all technologies, including shale gas and nuclear."

The Government stressed the report was a joint project between the Department of Energy and Climate Change (DECC) and Department for Environment, Food and Rural Affairs (Defra).

A spokesman said: "We need to ensure that energy is generated in a way that is sustainable and understand the effects that different technologies have on the environment and on communities across the country.

"DECC and Defra are working together on this report, which is not yet complete, to ensure that it meets the usual standards and quality assurances that you would expect from any Government publication.

"A diverse energy mix is the best way to meet our energy security requirements, our climate change commitments and keep energy bills affordable."

A Defra spokesman added: "It is our role to rural-proof policy. We need to ensure that energy is generated in a way that is sustainable.

"Sustainability includes the economic as well as social and environmental impacts."

Tory MP for Daventry Chris Heaton-Harris claimed one of his constituents had seen their home's value plunge from £700,000 to £250,000 because of wind turbine plans.

But Jennifer Webber, from RenewableUK, told the Telegraph: "All the expert academic research published in this country and abroad over the last few years shows there's no conclusive evidence to suggest that wind farms affect house prices."

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Alitalia in talks with Etihad on commercial deal - report

MILAN | Sat Aug 24, 2013 3:41pm BST

MILAN (Reuters) - Italian airline Alitalia is in talks with Etihad Airways on a commercial deal that may even lead to the Abu Dhabi-based carrier taking a stake in the money-losing Italian company, daily il Sole 24 Ore reported on Saturday.

Neither Alitalia nor Etihad could immediately be reached for comment.

Citing unnamed sources, the paper said there had been several meetings in recent weeks between managers at both companies, including recently appointed Alitalia Chief Executive Gabriele del Torchio.

Del Torchio, who is known as a turnaround specialist, was recruited earlier this year to lead the struggling Italian airline back to profitability.

Alitalia, which is 25 percent owned by Air France-KLM (AIRF.PA), was rescued from bankruptcy in 2008, when it was bought by a consortium of Italian companies including bank Intesa Sanpaolo (ISP.MI), road operator Atlantia (ATL.MI) and holding company IMMSI (IMSI.MI).

In its industrial plan presented in July, the new CEO said the company planned to increase its financial resources by 300 million euros ($400 million) by the end of this year.

Alitalia and Etihad were mentioned in the context of a possible tie-up earlier this year, but Etihad said at the time there were no talks between the two firms beyond those on code sharing.

($1 = 0.7461 euros)

(Reporting by Agnieszka Flak in Milan and Praveen Menon in Dubai; Editing by Hugh Lawson)

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Alitalia in talks with Etihad on commercial deal - report

MILAN | Sat Aug 24, 2013 3:41pm BST

MILAN (Reuters) - Italian airline Alitalia is in talks with Etihad Airways on a commercial deal that may even lead to the Abu Dhabi-based carrier taking a stake in the money-losing Italian company, daily il Sole 24 Ore reported on Saturday.

Neither Alitalia nor Etihad could immediately be reached for comment.

Citing unnamed sources, the paper said there had been several meetings in recent weeks between managers at both companies, including recently appointed Alitalia Chief Executive Gabriele del Torchio.

Del Torchio, who is known as a turnaround specialist, was recruited earlier this year to lead the struggling Italian airline back to profitability.

Alitalia, which is 25 percent owned by Air France-KLM (AIRF.PA), was rescued from bankruptcy in 2008, when it was bought by a consortium of Italian companies including bank Intesa Sanpaolo (ISP.MI), road operator Atlantia (ATL.MI) and holding company IMMSI (IMSI.MI).

In its industrial plan presented in July, the new CEO said the company planned to increase its financial resources by 300 million euros ($400 million) by the end of this year.

Alitalia and Etihad were mentioned in the context of a possible tie-up earlier this year, but Etihad said at the time there were no talks between the two firms beyond those on code sharing.

($1 = 0.7461 euros)

(Reporting by Agnieszka Flak in Milan and Praveen Menon in Dubai; Editing by Hugh Lawson)

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Justice Department planning new action against financial firms: report

n">(Reuters) - U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, the Wall Street Journal reported.

"Anybody who's inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time," Holder said in an interview with the Journal on Tuesday.

He declined to discuss specific cases or say when the cases would be announced, the report said, but added that he wouldn't leave the job before making major charging decisions on cases stemming from the 2008 financial collapse.

There has been widespread speculation that Holder would not serve through the end of the Obama administration.

Holder's comments come as the U.S. government takes steps to hold companies responsible for breaking the law in financing the housing bubble that led to the financial crisis.

He said earlier this month that the Financial Fraud Enforcement Task Force would continue to take an aggressive approach to combating financial fraud and uncovering abuses in the residential mortgage-backed securities market.

Disclosures this month from some of Wall Street's biggest financial firms, including JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N), have shown that the federal government is pursuing new prosecutions of possible abuses in the mortgage-backed securities industry.

"These are complex cases that require enormous amounts of effort to put together, but we are at a point — as you've seen, I think, recently — where the results of that difficult work is starting to bear fruit," Holder said in the Journal interview.

Holder declined to answer specific questions about JPMorgan and its Chief Executive Jamie Dimon, the report said.

The bank faces at least a dozen investigations on issues ranging from mortgage bonds sold before the financial crisis to a federal bribery investigation into whether it hired the children of key Chinese official to help it win business.

"No individual, no company is above the law. We don't investigate companies based on who a CEO is, but we don't avoid investigating companies based on who the CEO is, either," Holder told the paper.

(Reporting by Aman Shah in Bangalore; Editing by Anthony Kurian)

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Justice Department planning new action against financial firms: report

n">(Reuters) - U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, the Wall Street Journal reported.

"Anybody who's inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time," Holder said in an interview with the Journal on Tuesday.

He declined to discuss specific cases or say when the cases would be announced, the report said, but added that he wouldn't leave the job before making major charging decisions on cases stemming from the 2008 financial collapse.

There has been widespread speculation that Holder would not serve through the end of the Obama administration.

Holder's comments come as the U.S. government takes steps to hold companies responsible for breaking the law in financing the housing bubble that led to the financial crisis.

He said earlier this month that the Financial Fraud Enforcement Task Force would continue to take an aggressive approach to combating financial fraud and uncovering abuses in the residential mortgage-backed securities market.

Disclosures this month from some of Wall Street's biggest financial firms, including JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N), have shown that the federal government is pursuing new prosecutions of possible abuses in the mortgage-backed securities industry.

"These are complex cases that require enormous amounts of effort to put together, but we are at a point — as you've seen, I think, recently — where the results of that difficult work is starting to bear fruit," Holder said in the Journal interview.

Holder declined to answer specific questions about JPMorgan and its Chief Executive Jamie Dimon, the report said.

The bank faces at least a dozen investigations on issues ranging from mortgage bonds sold before the financial crisis to a federal bribery investigation into whether it hired the children of key Chinese official to help it win business.

"No individual, no company is above the law. We don't investigate companies based on who a CEO is, but we don't avoid investigating companies based on who the CEO is, either," Holder told the paper.

(Reporting by Aman Shah in Bangalore; Editing by Anthony Kurian)

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Justice Department planning new action against financial firms: report

n">(Reuters) - U.S. Attorney General Eric Holder is preparing to announce new cases related to the economic meltdown in the coming months as the Justice Department nears decisions on a number of probes involving large financial firms, the Wall Street Journal reported.

"Anybody who's inflicted damage on our financial markets should not be of the belief that they are out of the woods because of the passage of time," Holder said in an interview with the Journal on Tuesday.

He declined to discuss specific cases or say when the cases would be announced, the report said, but added that he wouldn't leave the job before making major charging decisions on cases stemming from the 2008 financial collapse.

There has been widespread speculation that Holder would not serve through the end of the Obama administration.

Holder's comments come as the U.S. government takes steps to hold companies responsible for breaking the law in financing the housing bubble that led to the financial crisis.

He said earlier this month that the Financial Fraud Enforcement Task Force would continue to take an aggressive approach to combating financial fraud and uncovering abuses in the residential mortgage-backed securities market.

Disclosures this month from some of Wall Street's biggest financial firms, including JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N), have shown that the federal government is pursuing new prosecutions of possible abuses in the mortgage-backed securities industry.

"These are complex cases that require enormous amounts of effort to put together, but we are at a point — as you've seen, I think, recently — where the results of that difficult work is starting to bear fruit," Holder said in the Journal interview.

Holder declined to answer specific questions about JPMorgan and its Chief Executive Jamie Dimon, the report said.

The bank faces at least a dozen investigations on issues ranging from mortgage bonds sold before the financial crisis to a federal bribery investigation into whether it hired the children of key Chinese official to help it win business.

"No individual, no company is above the law. We don't investigate companies based on who a CEO is, but we don't avoid investigating companies based on who the CEO is, either," Holder told the paper.

(Reporting by Aman Shah in Bangalore; Editing by Anthony Kurian)

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Report: Germany rules out 2nd debt cut for Greece

BERLIN (AP) — Germany's finance minister has categorically rejected a second writedown of Greek debt.

Wolfgang Schaeuble told weekly Bild am Sonntag in an interview that Greece would continue to receive support beyond 2014 if needed and provided the country meets the demands of international creditors.

Schaeuble was quoted as saying "it's certain, however, that there will be no second debt writedown for Athens."

Extracts of the interview, to be published Sunday, were released by the paper Saturday and confirmed by the Finance Ministry.

With Germany's general election two months away, Chancellor Angela Merkel's conservative government has been at pains to appear firm on Greece's international bailout, which is unpopular with many Germans.

Last year Greece's debt was restructured with private-sector bondholders.

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Samsung sells 76 million smartphones in second quarter, boosting market share: report

Samsung Electronics Co's latest Galaxy S4 phone is seen during its launch at the Radio City Music Hall in New York March 14, 2013.

Credit: Reuters/Adrees Latif

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Samsung sells 76 million smartphones in second quarter, boosting market share: report

Samsung Electronics Co's latest Galaxy S4 phone is seen during its launch at the Radio City Music Hall in New York March 14, 2013.

Credit: Reuters/Adrees Latif

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Report: Germany rules out 2nd debt cut for Greece

BERLIN (AP) — Germany's finance minister has categorically rejected a second writedown of Greek debt.

Wolfgang Schaeuble told weekly Bild am Sonntag in an interview that Greece would continue to receive support beyond 2014 if needed and provided the country meets the demands of international creditors.

Schaeuble was quoted as saying "it's certain, however, that there will be no second debt writedown for Athens."

Extracts of the interview, to be published Sunday, were released by the paper Saturday and confirmed by the Finance Ministry.

With Germany's general election two months away, Chancellor Angela Merkel's conservative government has been at pains to appear firm on Greece's international bailout, which is unpopular with many Germans.

Last year Greece's debt was restructured with private-sector bondholders.

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Samsung sells 76 million smartphones in second quarter, boosting market share: report

SEOUL (Reuters) - Samsung Electronics Co Ltd sold 76 million smartphones in the second quarter, expanding its market share to 33.1 percent, Strategy Analytics said on Friday.

Overall, the global smartphone market grew 47 percent to a record 229.6 million, the research firm said.

Second-ranked Apple Inc saw its market share shrink to 13.6 percent after selling 31.2 million iPhones, as smaller rivals such as LG Electronics Inc, ZTE Corp and Huawei Technologies Co Ltd seized larger slices.

(Reporting by Miyoung Kim; Editing by Stephen Coates)

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