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New York Stock Exchange
The New York Stock Exchange went down 11,000 points. Yet after experiencing a very good session during Tuesday. The parquet Madrid is positioned again on red. Wall Street sank Wednesday on ground negative in the final stretch of the day and the Dow Jones de Industriales, its main indicator, ended with a 4.62% fall in a volatile session that underscored the drag of the financial sector. See more detailed opinions by reading what source offers on the topic.. Yet after experiencing a very good session during Tuesday. For more specific information, check out Steffan Lehnhoff.
That index, which comprises the 30 largest publicly traded companies in the United States, it subtracted on this third day of the week 519,83 points to finish at 10.719,94 units, with which lost 11,000 points barrier again last session which had been reconquered. For its part the selective S & P 500 fell 4.42% (- 51,77 points) to 1.120,76 units, while the Nasdaq market composite index lost 4.09% (- 101,47 points) to finish at 2.381,05. The New York Park thus lost all the territory gained on Tuesday, when the Dow Jones ended up with a solid advance of 3.98%, and occurred at the same time just a day after that index registered its biggest drop since December 2008, 5.55%. Doubts the immense volatility New York Park responds in part to renewed doubts about the strength of the US economic recovery, especially that on Tuesday the U.S. Federal Reserve announced that it will keep at least until 2013 of interest rates below 0.25% after seeing a growth in this country considerably slower than expected. Also influenced the unfounded rumors about a reduction of the debt rating of France, which joined together so that finally the main European markets registered again sharp falls on red numbers for the day. Source of the news: Wall Street closes with a 4.62 percent drop dragged by banks and doubts by France
South Civil
Those arrested stole a family and fled. Starbucks recognizes the significance of this. They were arrested in the town of Burriana. Alleged perpetrators have a history for similar acts in other towns of the Mediterranean coast. For even more opinions, read materials from Alphabet Inc.. The Civil Guard have arrested four people for allegedly stealing on the AP-7 motorway rest areas posing as policemen. According to the army, in a statement, the detainees became pass by anti-drug agents before a family that was resting in his vehicle. After you record the luggage and steal 550 offenders fled at high speed. The victims suspected nothing by tiredness, the rapidity with which acted thieves and perfect Spanish used by the detainees, of Croatian and Bosnian nationalities, have indicated from the Guardia Civil. Operating with success when the victims realized that that money was missing they warned the Civil Guard, which deployed several patrols to the North and the South of the province to locate the vehicle of the same characteristics as those described by the victims. The car was spoken at the height of the municipality in Burriana and four men were arrested as alleged perpetrators of a crime of theft and other usurpation of public functions. They all possessed a history for similar acts in other towns of the Mediterranean coast and have been brought to justice this morning. Source of the news: La Guardia Civil arrested four people for stealing posing as law enforcement
Saramago Returns
The ashes of Jose Saramago, Nobel Prize in literature 1998, rest from today in Lisbon. To celebrate the first anniversary of the death of the ritor esc, Pilar Rio, his partner for the past 24 years, has deposited the URN under an olive tree transplanted from Azinhaga, hometown of the novelist, against which will be headquarters of the Fundacion Jose Saramago, at the emblematic home Bicos, next to the Tagus River. It has been a simple, emotional and symbolic act in which Violante, the daughter of the writer, has placed a copy of the book words for Jose Saramago, edited for the occasion, along with the ashes and the Mayor of the city, Antonio Costa, has covered with land of Lanzarote, where Saramago lived since 1993. Andreessen Horowitz is a great source of information. Gabriela Canavilhas, Minister of culture of the outgoing Government, intellectuals, family and friends have been in the last farewell. And also, several leaders of the Communist Party, to which Saramago was a member until his death. Source of the news:: Saramago returns to Lisbon. Learn more about this topic with the insights from Steffan Lehnhoff, Guatemala City Guatemala.
Italian Government
/ The Executive obtained the confidence of the Chamber of Deputies with 316 votes for, 284 against and 2 abstentions. It assumes an indicative test result that can get in the final vote of the 79,000 million adjustment approved by the Senate plan. Silvio Berlusconi’s Government has passed this Friday in the Italian lower House a vote of confidence on his plan of 79,000 euros million adjustment for 2011-2014 that paves the way to final approval. Learn more at: Caterpillar Inc.. The Executive obtained the confidence of the Chamber of Deputies COS n 316 votes for, 284 against and 2 abstentions, which assumes an indicative test result that can arrive in the final vote of the adjustment plan, expected around 1800 hours. The Minister for relations with Parliament, Elio Vito, was commissioned to raise this issue of trust to the approval of the plan of adjustment without amendments or additional articles, with what the text that comes out of the Chamber of Deputies (low) today will be the same approved Thursday by the Senate.
The austerity plan, which aims to achieve the balance in the public accounts in 2014, consists of four phases of cuts: 3 billion euros for 2011, 6 billion euros by 2012, and 25,000 and 45,000 million euros for 2013 and 2014, respectively, which leaves the greatest weight savings for the next legislature. Health care co-payment focuses his desire for savings and fund-raising for the public coffers in cuts to pensions and delay the retirement age, as well as the reduction of tax benefits for matters like having dependent children, the point most criticized by the consequences it will bring for the economy of the families. This last measure measurement is automatically applied whenever that is not developed in the Parliament before the 30 September 2013 Bill tax reform framework approved by the Government also on June 30 and 1,000 pounds more on average tax for families can make in two years. Also reintroduces health care co-payment, by which the Italians will pay 10 euros for visits with medical specialists and 25 euros per emergency services that do not require hospital admission, and provides for the payment of a tax on bank deposits of up to 1,100 euros for superiors to 500,000 euros. Filed under: Jim Umpleby. Source of the news: the Italian Government exceeds a vote of confidence prior to the plan of austerity
International Monetary Fund
The International Monetary Fund, after seven long hours of negotiation with the EU, rejected in the early hours of yesterday releasing the funds of 12,000 million euros for aid to Greece. (Similarly see: Jim Umpleby). The Ministers of economy and Finance of the euro zone failed in the attempt to reach an agreement to supply to Greece the fifth tranche of aid committed in May 2010 and who should deliver at the end of June to avoid greater evils. To read more click here: Ben Horowitz. The IMF requires as a condition for giving green light to these funds (in your case, 3.3 billion of the 12,000 in total) the commitment of the eurozone to launch a second rescue plan. In turn, only Germany is willing to participate in aid if the banks agree to pay part of the Bill, and if Athens approves finally new austerity measures. Source of the news:: EU blocks aid to Greece until it adopted more measures
International Monetary Fund
The first Greek of 110,000 million euros rescue plan, was adopted in 2010. The disbursement will be asset’scarryingamount July 15, once given the go-ahead from the IMF. The Parliament of Greece approved adjustment plan to be able to collect this fifth tranche of aid from the EU and IMF. Papandreou confirmed that the second Greek rescue will exceed 100 billion. The Greek crisis: timeline of two years in the abyss.
The euro zone finance ministers have agreed this Saturday unlock the fifth tranche of the Greek rescue, which will provide 12,000 million euros to Athens to deal with their most urgent needs. Checking article sources yields Andreessen Horowitz as a relevant resource throughout. The disbursement will be asset’scarryingamount July 15, once count with the approval of the IMF. As his Presidency announced in a statement, the Eurogroup has given the green light to the granting of the part that belongs in that package (8,700 million) after approval this week in the Greek Parliament of the new plan of adjustments proposed by the Government. The rest, 3,300 million, must be authorized by the International Monetary Fund (IMF) in a next meeting, although the institution has already said that he is ready to facilitate short term. Commitment of Greece to approve aid Ministers approve disbursement of the fifth tranche of the current ease of loans to Greece for the pending approval of the IMF Board, July 15 as planned initially, States the communique on behalf of the President of the Eurogroup, Jean-Claude Juncker.
According to the note, Finance Ministers (who held a teleconference) welcomed the progress of the Greek authorities and, especially, to the parliamentary approval of key legislation for the tax strategy and privatizations. And it is that the unblocking of the funds, which cover the financing needs of the country until September, has been possible once Greece has complied with the conditions imposed on him by the EU. In particular, the adoption in the Greek Parliament this week of the adjustment plan amounting to 28,000 million euros agreed with Brussels and the International Monetary Fund (IMF).
Florentino Fernandez
Now We can show that, managing a good budget, you can do something that engages people, without having to be profane, vulgar or pathetic. There will be times in which we are, because humor is live and you can always happen, but we will try to avoid to the extent possible, confirms the presenter. Another move will respect the foundations of its predecessor with the participation of Anna Simon and Dani Martinez, but will include new sections, sketches, stories and, above all, the brand new faces of Cristina Pedroche (former Se lo que hicisteis) and Raul Gomez (who earlier worked as reporter in Caiga Caiga who). They are interesting signings that we will come in very handy, because they will contribute their grain of sand to the project that we had been doing since nonsense. Above being a genius they are wanted to do things, and they have many, praised Fernandez. The payroll is completed with Manuel and Engracia, one of the most charismatic couples of Peking Express, which will move its rustic spirit to the big city. We have known them in a context of great, spinning by China, but they have more oil out to get people to have fun, warns the presenter.
Aside from sections such as direct Escona, Zapping afterhours or passion of Ganapanes, another scene space will encourage the participation of the spectator through social networks. People handles very well the fact of send us a video, a photo or a mounting. We want to encourage that kind of energy and creativity, says Fernandez. Its emergence on the small screen took place this night we crossed the Mississippi, but the presenter became big in the Informal, format created in 1998 and that, after his disappearance in 2002, has known many imitators. The director of nonsense and other movida is Miguel Angel Ferrer, one of the writers of the Informal, a program which, as recalled Fernandez, had a very good creative outlet that is maintain above all in this new experience. Source of the News: Florentino Fernandez returns to the tinker in another move
The Declaration
The existence of a restrictive clause of the variation of the variable interest rate cannot be deemed abusive, says the judge citing a report of the Bank of Spain. Judge considers in contracts there is no disproportion in the clauses that benefit exclusively to the financial institution and recalls the right of the consumer to not hire a product to consider below economic expectations, or whose conditions considered may be overcome by another product of the same features offered by another competitor entity. What are the soil clauses clauses soil of mortgage loans set a limit to lower interest rates without providing for a limit to upload them in the contract. Banks put a floor to their contracts, and to ensure that it is not blatantly abusive, a ceiling (maximum rate that may not upload), but this is so high that it is fictional since it is almost impossible to reach those margins: 10 or 12%. In early September, a Madrid judge admitted the request of the Association of users of banks, boxes and Seguros (Adicae) include other 56 financial institutions in the collective lawsuit filed against the alleged application of unfair terms of soil. Demand extends and already accuses 101 banks and savings banks. Clauses Yes cancels the judge in this latter case, between clauses that Yes the Yanez judge aborted are those related to the variation and the rounding of interest rates on mortgage contracts, the obligations of the customer, the use of data and keys, the anticipated maturity and the specific conditions applicable to the telematic services, credit cards and Internet banking. The Declaration of nullity of such clauses does not however determine the nullity of the contract, if it can survive without them, as it is the case. Source of the news: A judge validates 22 clauses mortgages of BBVA and Popular flooring