#AceFinanceNews – AUSTRALIA (Brisbane) – Nov.16 – In a vain hope of jump-starting a lethargic economy, and bringing it back from the dead.
It was agreed by G-20 nations on Sunday to finalize a plan to boost global GDP by more than $2 trillion over five years AP reported.
The fanfare, however, was overshadowed by tensions between Russian President Vladimir Putin and Western leaders.
The communique from the Brisbane summit of Group of 20 wealthy and emerging nations revealed that the plan for jumps-starting growth includes investing in infrastructure, increasing trade and the creation of a global infrastructure hub that would help match potential investors with projects.
#AceFinanceNews – This is higher than l thought!
Originally posted on Tales from the Conspiratum:
November 14, 2014
by: Ethan A. Huff
The future doesn’t look very bright for America’s ever-dwindling middle class. The latest figures from the Social Security Administration (SSA) reveal that nearly half of the country now makes less than $28,031 annually, while nearly 40 percent of the population makes less than $20,000 per year, which is well below the middle-class threshold.
To give you a better idea of what this means: An individual working a full-time job at $10 per hour makes roughly $20,000 a year. Most $10-per-hour jobs are in sectors like retail or fast food, which means that nearly half of all working-age individuals in America today are flipping burgers or selling clothes at the mall just to make a living.
While some jobs have admittedly been recovered since the…
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Everyone in Britain is to be given an on-line tax account that will keep a record of every detail of their pay, pensions and benefits.
The new digital accounts being launched by HM Revenue & Customs will work like an internet bank account, and keep an up-to-the-minute record of all the tax someone has paid.
Workers and pensioners will also be able to pay bills or make lump sum deposits on account, and update their details for benefits or tax credit payouts.
It will also show your salary or total income, how much tax you have paid to date and what you paid in interest on savings or any investments.
Ruth Owen, HMRC’s director general of personal tax, says: ‘It will let you keep all your tax details in one place — income tax, tax credits, say — and the account will be personal to you.
‘It will also let us see your details and check if something isn’t quite right with your payments.’
The online accounts are the latest attempt by the Revenue to get taxpayers to go online.
Pension experts have called for up-to-the-minute accounts so that retirees taking advantage of the new pension reforms know how much they are likely to pay in tax when they draw cash from their nest eggs.
Though final details have not been confirmed, it is thought the online accounts will work in a similar fashion to an online bank account.
They will require passwords and user names. Any changes made to the online account will be updated on a central database — so call-centre staff won’t have to ask you for the same details every time you phone.
Over time, HMRC hopes to add guides, calculators and other useful tax tools to the site. The first accounts are set to launch in April. However, no one will be forced to open an account.
Pensioner groups have expressed concern that older and vulnerable households unable — or unwilling — to use a computer will get left behind.
HMRC has faced severe criticism for pumping more resources online at the expense of face-to-face services.
In July, the doors closed on the last of its former nationwide network of 281 walk-in centres.
The tax authority said a plunge in the number of people making visits lay behind its cost-cutting decision
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#AceFinanceNews – BRITAIN – Nov.09 – The City regulator is imposing a price cap on payday loans to help prevent borrowers being ripped off.
The Financial Conduct Authority’s (FCA) initial cost cap will come into force on 2 January, set at 0.8% per day.
The watchdog said that would lower costs for most borrowers, explaining that for all high-cost short-term credit loans, interest and fees must not exceed 0.8% per day of the amount borrowed.
Fixed default fees will be capped at £15 to help protect borrowers struggling to repay.
A total cost cap of 100% was aimed, the FCA said, at shielding people from escalating debts and it meant that borrowers must never have to pay back more in fees and interest than the amount borrowed.
The regulator said the changes would ensure that someone taking out a loan for 30 days and repaying on time will not pay more than £24 in fees and charges per £100 borrowed.
It announced the changes in July but put the conclusions out to consultation to try and ensure they were fair.
#AceFinanceNews – The system of money generation commences with control of the masses, by lenders.
This is easily achieved, by forcing them to WANT what they can ill afford and Thus they have to lend.
Evey nation cannot survive unless we borrow money, or purchase goods this is simply called – CAP-IT-ALL-ISM.
Nice post and really interesting views. Ian
Originally posted on hansstellingsma:
the entire corrupted system runs on money our money that is.
if 75 % of a country,s population takes away there money from the bank , the bank will fall over,
make that 100 % too be sure .
(2) each country has more people than cops and army so go out on the streets and block every road possible
shut down down town .
if this happens simultaneously around the globe the ugly beast will be killed .
make the greedy fuckers pay there debt too society and never ever let them back ,
into a powerplay position again .
(3)start rebuilding in a better cleaner way with respect for our planet ,
if whe take care of mother nature mother nature will take care of us be gentle she is worth it .
#AceFinanceNews – WASHINGTON – Nov.07 – The Supreme Court agreed Friday to hear a new challenge to President Barack Obama’s health care law that threatens subsidies that help millions of low- and middle-income people afford their health insurance premiums AP reported.
The justices said they will review a unanimous federal appeals court ruling that upheld Internal Revenue Service regulations that allow health-insurance tax credits under the Affordable Care Act for consumers in all 50 states.
Opponents argue that most of the subsidies are illegal.
#AceFinanceNews – LONDON – Nov.07 – Chancellor George Osborne’s claim that the UK will have to pay only half of a £1.7bn EU budget surcharge has been challenged by his opponents BBC News reported.
He said the UK would make two payments next year totalling £850m instead of a larger lump sum by December after the UK’s annual rebate was factored in.
Mr Osborne argued the deal reached on Friday was a “result for Britain”.
But UKIP said the UK would still pay the full sum and Labour said Mr Osborne was “taking people for fools”.
The BBC’s Political Editor Nick Robinson said the agreement would be carefully scrutinised amid claims by opponents and analysts that it did not add up.
Originally posted on Global News:
TORONTO – Toronto Hydro says the number of power outages in five Toronto neighbourhoods, frequently left in the dark, is due to aging infrastructure.
But one energy analyst questions whether that infrastructure is the prime reason for the number of blackouts across Toronto each year.
A Toronto Hydro report on the city’s infrastructure says nearly 60 per cent of the infrastructure needs to be rebuilt over the next 20 years: 30 per cent of equipment used to distribute energy is past its life span, and 30 per cent more will reach that state in the next two decades.
Five areas in Toronto which have most frequently needed repairs due to aging infrastructure since 2012:
- An area between Neilson Road and Markham Road on Washburn Way sees 3.67 outages each year
- An area on Morningside Avenue between McLevin Avenue and Sheppard Avenue sees 3.67 outages each year
- Side streets adjacent to…
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Originally posted on Global News:
EDMONTON – An organization that represents convenience store owners wants the Alberta government to crack down on the sale of illegal tobacco.
The group says a study it commissioned suggests high rates of contraband tobacco use across the province.
The Western Convenience Stores Association says the study done in September examined discarded cigarette butts at 49 locations and found an average rate of illegal tobacco use of about 10 per cent.
Association president Andrew Klukas says contraband cigarettes are sold without taxes, health warnings or checks of a buyer’s age.
Klukas says sales of cheaper illegal tobacco hurt the bottom line of retailers who sell cigarettes that are fully taxed.
The association, which represents more than 2,400 convenience store retailers in Alberta, wants stronger anti-contraband legislation and more enforcement.