Wednesday, September 15

Why new banking rules are so important

Extract . . .

“Credit (please) where it's due: on Thursday, yesterday and today, the BBC has covered the historic agreement on new capital and liquidity rules for banks in the main body of its bulletins. It's a certainly not the easiest story to explain, but it's hard to think of one of more importance to our future prosperity.
So I regard it as something of an achievement that the BBC has provided its reports outside of the ghetto of specialist financial news. Which is not true of many mainstream news organisations (the FT and Wall Street Journal are of course splashing the story). I don't suppose most British people, including our lawmakers, would therefore have much of a clue that agreement has been reached on the most important global initiative to learn the lessons of the 2008 banking crisis and correct them.”
Linkhttp://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/09/why_have_we_left_bank_reform_t.html

Financial complaints to Ombudsman on the rise

Extract . . .

“The number of complaints made about financial firms to the Financial Ombudsman Service (FOS) rose in the first half of the year. However, the FOS sided with the consumer in a smaller proportion of resolved cases than previously. It received 84,212 new complaints, with more than half about five major banks.”
Link
http://www.bbc.co.uk/news/business-11295377

What is mentoring?

Extract . . .

“A mentor is essentially a ‘wise or trusted adviser or guide’. The word has its origins in Homer’s The Odyssey. Before leaving to fight the Trojan war, Odysseus leaves his son and estate in the care of his friend Mentor, who then guides the young Telemachus.”

Linkhttp://www.startups.co.uk/6678842908131881651/what-is-mentoring.html

IMF says growth will slow in coming months

Extract . . .

“Growth in the global economy is likely to slow towards the end of 2010, the International Monetary Fund is warning. The IMF blames weakness in the financial sector and the crisis of confidence in some national economies. It is calling on the most developed countries to cut their budget deficits in order to tackle the problem.”

Link
http://www.bbc.co.uk/news/business-11269449

Find a system to free up your time

Extract . . .

“Once a business owner has worked out what they want their business to look like, and have started to measure everything they can to ensure they are staying on track, they have to find a way to free up their time to continue working on the business. It is at this point they are faced with two choices.”

Link
http://www.smh.com.au/small-business/managing/find-a-system-to-free-up-your-time-20100913-158mu.html

Search Takes a Social Turn

Extract . . .

“Now, even on the Internet, it is not what you know but who you know. After a decade when search engines ruled supreme – tapping billions of Web pages to answer every conceivable query – many people now prefer getting their online information the old-fashioned way: by yakking across the fence.”

Linkhttp://www.nytimes.com/2010/09/13/technology/13search.html?_r=1&ref=technology

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