Carl Icahn: Apple's share price is half what it should be. In April, Apple said it would return $130bn of cash to shareholders, marking one of the biggest shareholder windfalls in history.
It did not credit Mr Icahn directly, but the billionaire investor was quick to claim the victory. Taking account for a share split, Apple’s share price has risen more than 50pc since he started his campaign, making the April share repurchase look like a bargain. Oh boy! There was nothing wrong with fiscal policy under Labour, says top economics prof. Simon Wren-Lewis, professor of economics at Merton College, Oxford, blogs to the effect that there was no real problem of overspending under the last government; the idea that there was is largely a media lie propagated by people such as yours truly, he suggests, though obviously he doesn't get down, dirty and quite as directly personal as that.
There's quite a bit of this sort of revisionism around at the moment – which is odd, given that the Labour leadership has just gone the other way and come over all fiscally responsible. Normally I wouldn't bother with it; this is now basically just one for the history books. Yet if misguided analysis such as this gains traction, failure to control the public finances will happen again, and Britain will for ever be stuck on a treadmill of repeated fiscal crisis.
Retirement age to rise by as much as six months per year. He said: “If someone works an extra year they can add 10 per cent to their pension for life.
What we are doing is catching up with decades of longer living. “We are living longer but the labour market and people’s retirement age has not been keeping up. Ebola outbreak: Britain sending 750 soldiers and medics to Western Africa - Health News - Health & Families - The Independent. Military personnel including medics and soldiers will be sent to Sierra Leone, one of the three countries that have borne the brunt of the outbreak.
The announcement came amid a growing appreciation that the West had so far failed to grasp the scale of the crisis. The US Secretary of State, John Kerry, made an impassioned appeal for wealthy nations to do more to combat the outbreak. “We need people to step up now,” he said. “Now is the time for action, not words. And frankly, there is not a moment to waste in this effort.” 'Sluggish' exports hurt Britain's factories. Clothing sales fall sharply as shoppers delay winter purchases. IMF warns of low interest rates 'risk' to economy. 8 October 2014Last updated at 11:30 ET By Andrew Walker BBC World Service Economics correspondent Investors could chase riskier assets if interest rates stay low, the IMF says The International Monetary Fund has warned of new risks to global financial stability.
Low interest rates could lead investors to buy riskier assets as they seek better returns, the IMF says. Has the London house price bubble burst? - Telegraph. “A growing sense of caution seems to have taken a particular toll on the London market where buyer demand contracted more significantly than elsewhere in September, falling for the fifth consecutive month,” the report read.
For the rest of the UK, the price balance fell from 39 to 30 on the sentiment index this month - the lowest reading since June 2013 as the combination of strict new mortgage rules, nervousness ahead of rising interest rates forecast for the spring, and high prices have dampened demand. Buoyed by cash buyers and a lack of supply, London is now expected to slow as over-inflated prices force workers to buy in the home counties or remain in rental accommodation. George Osborne: Britain's economic recovery at 'critical' juncture as eurozone 'risks slipping back into crisis' "Britain cannot be immune from that – indeed it's already having an impact on our manufacturing and our exports, and we need to send a clear message out around the world that we have a stable economy [and] our economic plan is working.
" "You need credible fiscal plans, and the Germans would certainly agree with me on that, but I think you also need the European Central Bank doing its bit to help," he said. "Fiscal credibility and monetary support go hand in hand, they're two sides of the same coin. " His comments came days after data on Britain's industrial output showed that anaemic growth in the eurozone was dragging on the UK economy. Radio 4 Money Box - David Cameron on Pension Freedoms. Ebola crisis: The economic impact. 20 August 2014Last updated at 19:03 ET By Richard Hamilton BBC News Military road blocks are preventing the movement of goods and workers With more than 1,300 reported deaths from Ebola in West Africa, the virus continues to be an urgent health crisis, but it is also having a devastating impact on the economies of Guinea, Liberia and Sierra Leone.
"The economy has been deflated by 30% because of Ebola," Sierra Leone's Agriculture Minister Joseph Sam Sesay told the BBC. He said President Ernest Bai Koroma revealed this staggering and depressing news to ministers at a special cabinet meeting. Shoppers lose appetite for big supermarkets. However, Tesco's shares have never reached such heights since and last week Buffett made a rare and stark admission, saying: "I made a mistake on Tesco.
" Mortgage approvals fall to lowest level in more than a year.