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Queen Elizabeth II wonders why no one spotted credit crunch

Queen Elizabeth II questioned why experts had failed to see the world financial crisis looming Wednesday, describing the situation as "awful".

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During a visit to the London School of Economics (LSE), the monarch was briefed on the origins and effects of the credit crunch by economics professor Luis Garicano.

"Why did nobody notice it?" the 82-year-old asked, adding that the turmoil was "awful".

Garicano told her: "At every stage, someone was relying on somebody else and everyone thought they were doing the right thing."

The queen was visiting the LSE to open a new building funded by university alumni including the founder of budget airline easyJet, Stelios Haji-Ioannou.

She is worth some 320 million pounds (397 million euros, 513 million dollars) according to the 2008 Sunday Times Rich List.

It is rare for her to comment on current affairs and these are her first public remarks on the issue.

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Madeleine McCann must be found
Madeleine McCann News



Madeleine McCann must be found

Madeleine McCann News

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Monaco GP - Hamilton takes second place

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USAWEEKLY NEWS

  Sunday, May 13, 2007 6:42 PM  
AN  INTERNATIONAL NEWS LIMITED PUBLICATION  SPORTZSMS 

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Your Ad Here

Chapmans Limited part owner of a new
 BrokeBack Mountain Film called 
BrokeBack Mountain -The Untold Story
see www.YahooUSANews.com and www.YahooUKNews.com 

"BrokeBack Mountain - The Untold Story"

A new screen play written by

Ingrid Pluktchy

Click here for more information on 
BrokeBack Mountain The Untold Story

BrokeBack Mountain


BrokeBack Mountain Lodge

Irish Born Singer Songwriter
 Gus McCann lined up for role in 

BrokeBack Mountain- The Untold Story.
 http://brokebackmountaintheuntoldstory.com/

Gus McCann in Dublin singing the old Irish Classic "Dublin In My Tears" in the streets of Dublin after receiving hisUSA Weekly News 100 Star Award a the 2008 Edinburgh Fringe Festival. Gus McCann is riding high with an offer to play a part in a film and a recording contract..Gus however does not ever like to forget his roots on the streets of Dublin where he cut his teeth singing a mixture of the Old Irish Ballads and his own poetry all about life and the lessons life hands out, which Gus puts to his own music... Gus McCann is also about to embark on a world tour bringing his soulful voice and music to as many people around the world as he can....


Gus McCann, Ireland's new Bob Dylan and 
Eliah the amazing 12 string guitarist from California 
out celebrating the 2008 Dublin Fringe Festival 
For more on the Dublin Fringe festival click here for
www.dublinfringefestival.com

Gus McCann received  USA Weekly News 100 Star Awards for his performances in the 2008 Dublin Fringe Festival and the 2008 Edinburgh Fringe Festival, and was noticed by the INL News Team as being perfect to play a role and write a theme song for the new film being filmed in 2009 in various locations around the world including Mexico, California, Montana, Canada, Australia and the United Kingdom

 BrokeBack Mountain - The Untold Story

 being produced by International News Limited
 in partnership 

A seventy year old Australian Venture Capital CompanyChapmans Limited (ASX code-CHP)
which has been listed on the Australian Stock Exchange (ASX) since about 1970 announces purchase of 10% of
COMMUNITY FINANCIAL SERVICES GROUP PTY LTD 
trading as Smart Ventures
The Australian Stock Market reacted positively to the news by pushing Chapmans shares up by 60% over a two day heavy trading session

Smart Ventures are not the only company interested in Chapmans Limited. International News Limited based in the USA, is apparently looking at a take over bid for Chapmans to use to head their expansion into the Australian media market with a hard copy Australia wide weekend newspaper called the Ausralian Weekend News and online real estate and business sales web sites in Australian and New Zealand called           www.yahoorealestate.com.au and
                      www.yahoorealestate.co.nz 
to take on   www.realestate.com.au

which is said in the industry to be worth a few billion dollars, because of the very profitable advertising revenue it earns each year from real estate and business for sale advertising. Both groups are keen to take over Chapmans for a number of reasons, which includes the fact that, as Chapmans has been listed on the Australian Stock Exchange since about 1970, it will be easy to have the company listed on the Alternative Investment Market (AIM), which is effectively the second board of the London Stock Exchange. This move will open up the opportunity and interest for European, United Kingdom and USA investors and large superanuation, insurance and mutual funds to invest in Chapmans Limited, which now has interests in a diverse range of industries listed in the Smart Ventures portfolio, and the interesting investments Chapmans have already made in mobile phone accessories, mining, real estate and an Irish based new roofing system called New-Lock , as well as the media.
Brett Goldworthy the CEO of Smart Ventures seems excited about what appears to be effectively a merger of two venture capital type companies. 
Another USA based media company called the USA Weekly News Limited has just last week purchased 10% of the issued shares in Chapmans Limited, and is making noises of purchasing another 9%, which will bring their shareholding just under the 20% mark. It is understood negotiations are going on at present with some of the of the other large shareholders of Chapmans to purchase these extra 9% off market, so that the share price on the market will not increase too much in case they want to make a formal take over bid in the near future.
If the USA Weekly News Limited purchases 20% or more of the stock it will be forced to make a take over bid for Chapmans. From investigations done by INL, this is also on the cards.
Watch this space for further developments.
It is INL's understanding that on the 26th of April 2007 the general manager of Chapmans, Dan Lansky with the managing director of Chapmans Borris Ganke, brokered and signed the deal for Chapmans to buy 10% of Brett Goldwothy's, Smart Ventures which describes itself on Smart Venture's web site www.smartventures.com.au the following way

Objective
To accelerate small market cap companies into the global market place by providing innovative solutions and services to growing companies in the small to medium cap sector, worldwide.

History
 Smart Ventures was founded in 2004 to provide innovative banking solutions to specific market verticals. Since that time the group has focused on market verticals in various countries such as Australia, New Zealand, Fiji, Japan, South Korea, Hong Kong, China, India, Peru, and the United States. Based out of Australia with regional offices in each location the team at Smart Ventures is able to provide personal service needed by many small to medium cap companies. 

Management Team 
Public Company experience Senior technical and commercial management experience New business development and branding experience Track record in new venture creation Solid management skills Experience in developing new businesses/products Successful track record in delivering multi-million revenues Strong people management, negotiation skills and complex deal execution experience with blue-chip organizations Compliance and Training Investor relations Public Relations Media Briefing Legal Advice 

Services
Investment Brokerage Mergers and acquisitions Corporate finance products Institutional introductions Foreign Exchange Private investment Financial management Financial systems 
Public listing training Institutional Presentation training News flow program Daily Weekly Quarterly and Annual results Investor relations Shareholder relations Financial Public relations Commercial Market PR 
Board development for International growth Advisory board development Executive Management USA Europe, Middle East and Africa PACRIM 

Smart Ventures portfolio of investments

Media and IT
Global Media and Communications Businesses Global Integrated Blog Software and Technology Global Graphic Interface for Mobile and Gaming Industry Japan EAS and Security Systems Global Integrated Media and Technology Systems Japan Mobile Animation Japan 3G Mobile technology Japan 

Gaming and Resorts
Pachinko Groups Japan Hotels Japan Machine Manufacture and Distribution Global Casino Operation Macau Resort Casino and SPA Peru Resort Fiji Resort Sapporo Japan 

Health Beauty and Food Industries
Restaurant Group Japan & China Health and Beauty – SPA and Machinery Global Health and Beauty – SPA Japan Health and Beauty – H40 Water Global Dental Industry Consolidation Australia Dental Industry – Software Japan Hospital and Associated services Consolidation Japan Bio Tech – DNA Japan Sound and Energy Technology Global 

Green Enery, Minerals and Alternative Technology
Pyrolysis Technology – Waste to Oil and Gas Global Nano and Wave Technology – Waste Oil to Oil and Ethanol Global Pyrolysis Technology – Medical and Hospital Application Global Alternative Energy Resource Group – Solar, Wind, and Thorium Energy Organic Waste Decomposition Units Global CO2 Emission Conversion Global 

Emerging Markets
Industrial Park for Environment Science & Technology China Emerging Industries and Manufacturing China Emerging Industries for Environment, Science & Technology India

  

 

Gus McCann, Ireland's new Bob Dylan and 
Eliah the amazing 12 string guitarist from California 
out celebrating the 2008 Dublin Fringe Festival

Sugarhill Gang got the hip hoppin’ demanding more and more..... at 

Secret Garden -on14th Sep 2008 at 21:30  at Hennessy Spiegeltent

 

Every one danced to the beat of the original Hip Hop & Funk group who have had generations hip hoppin’ with their ubiquitous ‘Rapper’s Delight’, 'Apache' & '8th Wonder' anthems. True pioneers, the Sugar Hill Gang have influenced the top showmen of today’s scene, from De La Soul to Kanye West & Jay-Z. Exclusive to the Dublin Fringe Festival, SHG will be performing their 30th year anniversary party concert complete with a live band.

Don't miss any of the nights left at the Hennessy Spiegeltent

Gus McCann 
comes back to his roots in Dublin to sing
"Dublin in My Tears"

Gus McCann in Dublin singing the old Irish Classic "Dublin In My Tears" in the streets of Dublin after receiving his USA Weekly News 100 Star Award a the 2008 Edinburgh Fringe Festival. Gus McCann is riding high with an offer to play a part in a film and a recording contract..Gus however does not ever like to forget his roots on the streets of Dublin where he cut his teeth singing a mixture of the Old Irish Ballads and his own poetry all about life and the lessons life hands out, which Gus puts to his own music... Gus McCann is also about to embark on a world tour bringing his soulful voice and music to as many people around the world as he can....

Your Ad Here

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• Paul McCartney furious at McDonald's for using pics
• £50 billion bail-out for Britain's banks
• Diabetes costs NHS £1 million an hour
• Watch the video for the new Girls Aloud single

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£50bn bail-out for banks

The Government has announced a £50 billion rescue package for the UK's embattled banks. » More

• Bank's plan 'step to solve crisis'
• RBS denies bosses are leaving

Burden of diabetes

Diabetes costs the National Health Service £1 million an hour and the financial burden is set to rise. » Why?

• Watch the latest ITN news bulletin
• Find a doctor in your local area

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Check out the video for 'The Promise', the first single released from Girls Aloud's fifth album. » Watch

• Rate it? Tell us what you think
• Hear Crimes Against Music radio

The solace of quantum

The 2008 Nobel Prize for physics has been awarded to three scientists who found that our universe is wonky. » How?

• Discovery of the 'lopsided' universe
• Movie feature: Quantum of Solace

• £50 billion bail-out for Britain's banks
• Diabetes costs NHS £1 million an hour
• Watch the video for the new Girls Aloud single
• Nobel Prize for 'lopsided' universe discovery

• BMI awards dished out
• Darling announces banks rescue plan
• Identity fraud 'bigger risk' during…

• Push for smacking ban
• McCain and Obama clash on economy
• Diabetes costs NHS £1 million an hour

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Key witness 'saw Madeleine'

A woman who saw Maddie being carried off by a man is wracked with guilt that she did nothing to stop him.

» More

Maddie parents hope to meet Pope

Info on Missing People charity 

Alonso wins Grand Prix

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Play the Renault F1 game

View the latest photos from Monaco 

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» More

Who's the sexiest soap star?

Check what's on TV today 

A mite noisy nightmare

A New Zealand man is now sleeping peacefully after years of living with an infestation of mites in his ear.

» More

'Can you store up sleep?'

View Oddly Enough photos

Guilt of key witness who 'saw Madeleine'

Monaco GP - Hamilton takes second place

Corrie won best soap at British Awards

Ear problem proves mite noisy

Wednesday October 8, 09:01 AM 
£50bn Bail-Out For Britain's Banks

By Sky News

 

The Government has announced a £50bn rescue package for the UK's embattled banks and building societies.

Chancellor Alistair Darling unveiled the proposals after emergency talks in Downing Street last night.

The plan includes

(Advertisement)

a cash injection for the banks to bolster their depleted balance sheets.

 

 

 

 

 

 

 

 

 

In return, the taxpayer will get a stake in the financial institutions.

Mr Darling told Sky News the measures being taken were in response to "extraordinary times".

"Those are absolutely critical so far as the system is concerned and we want to make sure that we can get the system going again," he said.

"It is a process that inevitably will take time. It is not an instant change but it is a restructuring, it is stabilising the system, and that is very important."

Eight UK banks and building societies - including Barclays, HBOS, Lloyds TSB and Nationwide - have signed up to an initial £25bn scheme.

On top of this the Government said it will make least another £25bn available for other eligible institutions.

The Bank of England is also extending the existing £50bn Special Liquidity Scheme to £200bn.

A further £250bn is being pumped into to banking system under a debt guarantee scheme.

• Have your say: Will the bailout work?
• Are your savings safe?
• How are banking stocks doing?

It is hoped the measures will help restore confidence to get banks lending to each other again.

In return for the cash injection, the Government is demanding banks cap executive pay and shareholder dividends.

They are also being asked to increase lending to homebuyers and small businesses.

The bail-out has been welcomed by HBOS, which is in the process of being taken over by Lloyds TSB.

"HBOS believes that this initiative is very much in the interests of its shareholders and customers," the bank said in a statement.

The rescue package comes after another day of turmoil on the stock market, with banks suffering huge losses.

Royal Bank of Scotland was worst hit - its shares plummeting by almost 40%.

Today's announcement follows talks in Downing Street last night attended by the Governor of the Bank of England and the head of the Financial Services Authority.

It followed another torrid day in the markets which saw bank shares take a pounding, massively increasing the pressure on the Government to act.

Shadow chancellor George Osborne repeated his willingness to cooperate with the Government, but warned the injection of funds could not be a bail out of failed bankers.

"We must make sure that any support from the taxpayer is used to help save small businesses from closure and enable families to stay afloat, not to pay the bonuses of bankers," he said.

Click here for more breaking stories from Sky News

 

Wednesday October 8, 08:32 AM 
Japan Share Prices Plunge By 9%

By Sky News

 

Japanese share prices have plunged by almost 10% - one of the biggest losses ever - as panic-selling swept across Asian markets over the global financial crisis.

The Tokyo Stock Exchange's benchmark Nikkei-225 index dived 952.58 points,