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One Response to “Financial News 8/23/12 – FED Bond Buying, Asil Nadir Convicted, Prince Harry Naked”

1. 

   admin
   

   23. Aug, 2012

   The FED is sending a strong signal – I love how the financial world phrases things sometimes – that it may take new steps to strengthen the weakening US economy. A new round of bond buying – also known as quantitative easing, is one of the number one options apparently. Bernanke has some tough political pressures to deal with – on the right we have the Democrats asking him to take bold steps to boost economic growth and on the left we have the republicans, wishing for cautious decision making pointing out the risk of inflation and a weaker dollar. The FED’s next meeting will take place Sept 12 and 13th, the likely dates when we will find out if and how a new bond buying program could get into motion. And Bernanke promised he would not let political pressures get in the way of his decision making. Let’s hope so Mr. Bernanke.let’s hope so.

   And another one bites the dust of greed and corruption. Tycoon Asil Nadir, is going to jail for a total of 10 years, for stealing 46 million dollars from his own company 20 years ago. The 71 one year old built the Polly Peck International textile empire, that expanded into the food, leisure and electronics industries under Nadir’s ownership, growing into a business empire with more than 200 subsidiaries worldwide in the 80s. In the 90s it collapsed, after fraud prosecutors knocked on PPI’s door. Thousands of British investors lost money over the company’s collapse, while Mr. Nadir fled London to live as a fugitive in Cyprus, to avoid prosecution. In 2010 he returned to stand trial for his bad deeds and has now officially been found guilty of 10 counts of theft. Prosecutors were alleging he stole more that 150 million pounds total from Polly Peck. The morale of the story: don’t be greedy! You will go to jail (not always, but sometimes). Or if you absolutely can’t help being greedy, then don’t get caught!

   Oh Harry. Harry.what have you done.like any other curious ass out there I also ventured out into the deep blue seas of the internet to look at your naked pictures. Well well well.what can I say? But more importantly what will the Queen say, when you get on Page 3 of the British tabloid Sun?? You know this kind of juicy story is extremely hard to resist for us journalists. But it seems you may be in luck as the Levison enquiry may have stifled the British Press’ urgent desire to put you naked bum on display nationwide. Some believe the photos may undermine Prince Harry’s work in the military and charity work.yeah I don’t think so. First of all you can see how strong and masculine he is, and that’s always good to have in the army, and second of all he could use this perfect new slogan for charity: If you wanna see me naked again,call 1800bla bla bla to make your donations!