Friday, 6 March 2009

Companies 'Paid for Secret Database on Troublemakers'

'More than 40 companies, including some of Britain's biggest construction firms, are facing legal action over claims that they paid a private detective to vet prospective employees. Balfour Beatty and Sir Robert McAlpine are among companies accused of paying to access a database of construction workers that listed details of trade union activities and work habits.'

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Bank of England Creates 75 Billion Pounds out of Thin Air

'The Bank of England's monetary policy committee cut its key rate by half a percentage point to 0.5 per cent on Thursday and unveiled a programme under which it will buy up to 150bn pounds in government gilts and corporate bonds.'

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Time to Run on the Banks?

'With the constant loss of Billions of dollars by the nations banks, and with the recent disclosure by the FDIC Chairwoman that the FDIC does not have the funds to protect consumer deposits, I strongly suggest that Americans immediately remove your money from the banks, before the banks end up unable to give it to you.'

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