One of the Bank of England’s leading economists has warned it may need to print even more money to bolster the sickly economy.
In a sign of growing fears over a double-dip recession, Dr Martin Weale signalled that it will step up its money-printing scheme if growth does not pick up soon.
The warning came before the Bank has even begun distributing the extra £75billion it set aside for its quantitative easing (QE) programme just days ago.
Today two new reports on Britain’s economic prospects make grim reading for ministers - predicting that growth could go into reverse next year as confidence levels in plunged to two-year lows.
In addition, Dr Weale’s comments came as the country braces itself for the worst labour market figures since the depths of the recession of the early 1990s.
Economists predict official data released on Wednesday will show unemployment rose by 90,000 to 2.54 million in the three months to August, pushing the jobless rate up to eight per cent. That is the worst figure for 17 years.
But Dr Weale, a member of the rate-setting Monetary Policy Committee, yesterday admitted there was ‘quite a lot of scope’ for QE to be expanded.
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October 10, 2011
October 06, 2011
The Death of Steve Jobs, 56
The mastermind behind an empire that has revolutionised computing, telephony and music, has died in California.
Steve Jobs, billionaire co-founder of Apple and the mastermind behind an empire of products that revolutionised computing, telephony and the music industry, has died in California at the age of 56.
Jobs stepped down in August as chief executive of the company he helped set up in 1976, citing illness. He had been battling an unusual form of pancreatic cancer, and had received a liver transplant in 2009.
Jobs wrote in his letter of resignation: "I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come."
Apple released a statement paying tribute to Jobs: "Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives … The world is immeasurably better because of Steve."
Bill Gates, the former chief executive of Microsoft, said in a statement that he was "truly saddened to learn of Steve Jobs's death".
He added: "The world rarely sees someone who has had the profound impact Steve has had, the effects of which will be felt for many generations to come.
"For those of us lucky enough to get to work with him, it's been an insanely great honour. I will miss Steve immensely."
He is survived by his wife, Laurene, and four children. In a statement his family said Jobs "died peacefully today surrounded by his family … We know many of you will mourn with us, and we ask that you respect our privacy during our time of grief".
CLICK HERE for the rest of the entry.
My deepest condolences to the family, loved ones and friends of Steve Jobs. He will always be remembered.
Steve Jobs, billionaire co-founder of Apple and the mastermind behind an empire of products that revolutionised computing, telephony and the music industry, has died in California at the age of 56.
Jobs stepped down in August as chief executive of the company he helped set up in 1976, citing illness. He had been battling an unusual form of pancreatic cancer, and had received a liver transplant in 2009.
Jobs wrote in his letter of resignation: "I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I would be the first to let you know. Unfortunately, that day has come."
Apple released a statement paying tribute to Jobs: "Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives … The world is immeasurably better because of Steve."
Bill Gates, the former chief executive of Microsoft, said in a statement that he was "truly saddened to learn of Steve Jobs's death".
He added: "The world rarely sees someone who has had the profound impact Steve has had, the effects of which will be felt for many generations to come.
"For those of us lucky enough to get to work with him, it's been an insanely great honour. I will miss Steve immensely."
He is survived by his wife, Laurene, and four children. In a statement his family said Jobs "died peacefully today surrounded by his family … We know many of you will mourn with us, and we ask that you respect our privacy during our time of grief".
CLICK HERE for the rest of the entry.
My deepest condolences to the family, loved ones and friends of Steve Jobs. He will always be remembered.
October 03, 2011
Old and Forgetful? Here's the answer...
As we age, it’s an increasingly common problem — you see a familiar face, but can’t quite put a name to it, or you get a mental blank when you try to recall where you put your house keys.
Now I’m in my mid-40s, I’ve found to my dismay that my once pin-sharp recall plays tricks.
And with my memory blips comes the inevitable worrying question: is it simple forgetfulness or the start of something far more worrying — the first cruel signs of creeping dementia?
Neurologists are beginning to put a great deal of work into answering this question. They are concentrating on the medical condition that characterises the grey area between forgetfulness and disease — mild cognitive impairment (MCI).
Experts define this as having problems with memory that are severe enough to be noticeable to the affected person or to others, but not serious enough to interfere with daily life.
In studies, this condition has been found to affect up to one in five of people in their mid-60s. It can begin in people in their 40s and 50s, though the numbers affected are smaller.
CLICK HERE FOR THE REST OF THIS INTERESTING ARTICLE.
Now I’m in my mid-40s, I’ve found to my dismay that my once pin-sharp recall plays tricks.
And with my memory blips comes the inevitable worrying question: is it simple forgetfulness or the start of something far more worrying — the first cruel signs of creeping dementia?
Neurologists are beginning to put a great deal of work into answering this question. They are concentrating on the medical condition that characterises the grey area between forgetfulness and disease — mild cognitive impairment (MCI).
Experts define this as having problems with memory that are severe enough to be noticeable to the affected person or to others, but not serious enough to interfere with daily life.
In studies, this condition has been found to affect up to one in five of people in their mid-60s. It can begin in people in their 40s and 50s, though the numbers affected are smaller.
CLICK HERE FOR THE REST OF THIS INTERESTING ARTICLE.
