links for 2011-09-14
- "'I work with war widows, a nurse, a med student, women who have had to go to work to save their home after their husbands have lost their jobs, and others who do this as a means to an end and who do not fit the profile of junkie/prostitute/dancer.
'What we all have in common is being in a tight spot financially and living in an economy that provides limited options right now."
- "At a certain point, calling someone who owes you money is not going to make them produce it any more quickly. Six times an hour falls in that category. What B of A was allegedly doing was not debt collection but rather stalking, which is illegal here in the U.S."
- "The SNB's decision to peg the Swiss franc/euro exchange rate backed by unlimited creation of its domestic currency is "courageous" in the truest Whitehall sense. It subordinates monetary policy to foreign exchange policy and repeats the 1978 peg in a more sophisticated manner."
- "There is little the Federal Reserve can do at this point to help a U.S. economic recovery battered by problems at home and abroad, a top Fed official said on Monday, adding that he believes it is it incumbent on politicians to attack fiscal problems."
- "The UK government's targeted rate of inflation rose in August, following higher prices for clothing and footwear, petrol and energy."
- "The UK's pension schemes moved £117bn into the red by the end of August, according to figures from the Pension Protection Fund (PPF)."