Y’all y’all will recall the Great Potato declaring that banks simply do not need deposits. They only take them as a favour to customers. Profits at Lloyds Banking Group fell by more than a qu...
“I have absolutely been borrowing more than I previously did, everything costs more and wages are low in rural Alabama,” he says. What affects him the most, he says, is the high interest on h...
Evergrande, the world’s most indebted property developer, has been accused of fraudulently inflating its revenues by £62bn. The China Securities Regulatory Commission said Hui Ka Yan, the foun...
Victims of the London Capital & Finance (LCF) scandal have demanded Google pay back tens of millions of pounds that was spent on misleading digital advertising to promote the alleged “Ponzi sch...
There’s no real surprise this is being run in The Guardian. They don’t understand enough economics to know that it’s tosh. The next year, 2011, I placed a bet. It was a bet that the hundred...
Church of England’s pension fund invests over £30m in water firms despite sewage crisis Not really, no: The Church of England’s pension fund has more than £30 million invested in water co...
https://www.timworstall.com/2024/02/erm-no-9/?utm_source=rss&utm_medium=rss&utm_campaign=erm-no-9
Dame Siobhain McDonagh, a Labour MP on the Commons’ Treasury select committee, said: “Just before Christmas, Aurelius released a statement saying they would ‘re-energise the business’ and...
For a start it’s Owen Jones in a beanie. But other than that: Today we are having tea and biscuits at his flat overlooking other multimillionaires’ yachts in London’s Docklands, but Stevens...
Women would need to work for an extra 19 years to retire with the same pension savings as men, according to data from the Pensions Policy Institute. The research found women retiring at 67 – th...
https://www.timworstall.com/2024/02/right-ok/?utm_source=rss&utm_medium=rss&utm_campaign=right-ok
So Matthew Lynn decides to tell us how Meta paying dividends really changes everything: And yet it will surely just be the first of the technology giants to start returning cash to its owners. Ap...
‘I want to tell you a story.’ Caleb’s face loomed over the table. ‘I used to know a really good trader. Smart guy. Young. Just like you. But he had one serious problem – he thought he c...
Electric cars lose as much as half of their value after just three years on the road, new figures show, as the rate of depreciation far outstrips conventional equivalents. Research from Auto Trad...
Tingo. Weird company. I run with one of two ideas. 1) It’s all simply the most brazen and outright fraud. Yep: There was just one small problem: Mmobuosi’s businesses, as they were commonly u...
Israeli authorities are investigating claims by US researchers that some investors may have known in advance about the Hamas plan to attack Israel on 7 October and used that information to earn m...
The latest move in ransomware extortion: reporting your victim to the SEC.As Recorded Future News explains, a financial software company called MeridianLink has confirmed “a cybersecurity incid...
Har Har: A council in Wales has been rebuked by the auditor general after it was tricked into giving away 10 per cent of its annual budget to a fraudster. Officials at Harlech Community Council, ...
Not that we didn;t know this was going to happen at WeWork: So, what is going to happen here? The secret is this “Further Streamline Real Estate Footprint” Or, as we’ve said before, this is...
Now this is amusing. Someone managed to get a fake press release onto BusinessWire. Which suggested there would be a $9 a share takover bid for WeWork: Exactly and precisely what happened is stil...
Occupancy rates are less than half pre-Covid levels in the UK, at around 35pc, according to Remit Consulting. This compares with typical pre-pandemic levels of 60pc to 80pc. Commercial office spa...
Stock market debut for company. An introduction, not an IPO. Stock up 5,000% first day of trading, falls back 82% after hours. And the business at reAlpha? Think through this business model for a...