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Polling shambles sparks voter fury in tight UK election
"I mean there's millions, properly billions of people who still don't believe in global warming, so I'm more than happy to settle for a few people going against the tide and declaring that mine hasn't been an official circumnavigation," she wrote. The 16-year-old is due to arrive in Sydney on May 15. In her blog she reveals she "couldn't be in better spirits" ahead of her homecoming. "I'm having the time of my life slowly cruising up the coast, not pushing Ella's Pink Lady too hard, and looking forward to arriving on the 15th. I'm enjoying all the highs of solo sailing and in just a few days, I've got seeing friends and family to look forward to," she wrote. cheap shoes online "I think I can safely say that I'm now seriously excited about getting home! It's probably a good thing that I'm by myself because if there was anyone else here I'd be driving them mad with all my hyperactive energy!" Jessica’s comments follow several controversies surrounding her trip this week. It was revealed on Wednesday that her around the world journey failed to meet the World Sailing Speed Record Council distance requirement of 26,000 nautical miles. She reportedly has not covered the distance required to meet strict criteria in relation to circumnavigation of the globe Yesterday, it was revealed Pink Lady apples had warned Jessica’s team about the name of her boat, Ella’s Pink Lady, because it infringed on their trademark. The company also believed the Ella’s Pink Lady logo was very similar to that of the apples brand. There is now talk Pink Lady apples may use the teen in future advertising campaigns. Source: smh.com.au Britain's first exit polls suggest that David Cameron can take the keys to Number 10 Downing Street – but he will preside over a minority government and the Parliament will be hung. Unlike John Howard, Prime Minister Gordon Brown held on to his seat of Kirkcaldy, with an increased majority of 5000 votes. With the first seats counted there have already been some big swings to the Conservatives in seats such as Sutherland and Kingswood - some in excess of 20 per cent. Out-of-control truck causes traffic mayhem Typo led to market crash: report typing error by a sharemarket trader may have been responsible for the US equity market crashing by nearly 1000 points overnight. CNBC is reporting that a trader entered a "b" for billion instead of an "m" for million in a trade involving US consumer goods giant Procter and Gamble. MBT Shoes The dive sent shock waves around global financial markets as $US1 trillion ($1.1 trillion), or 9 per cent, evaporated from US share values in minutes. The Dow Jones Industrial Average later recovered some of the losses but still closed more than 3 per cent lower. Australian shares dropped sharply at this morning's opening, shedding more than $30 billion in value, or more than 3 per cent - their worst slide in almost 11 months. The dollar plummeted below 88 US cents, from about 90 US cents yesterday. According to CNBC sources, Citigroup is the company responsible for the erroneous trade, and is now investigating. "We, along with the rest of the financial industry, are investigating to find the source of today's market volatility," bank spokesman Stephen Cohen said. "At this point, we have no evidence that Citi was involved in any erroneous transaction." Bloomberg reported that New York Stock Exchange spokesman Rich Adamonis said "there were a number of erroneous trades". But New York Stock Exchange's chief executive Duncan Niederauer told CNNMoney that the NYSE's system of slowing trades during periods of high volatility may have contributed to the falls on Wall Street overnight. "Everyone is looking for a smoking gun," he said but the real problems may have arisen from a difference in market trading models used by the NYSE, the Nasdaq stock exchange and other electronic trading networks. Calling it a "market structure inefficiency", Mr Niederauer said NYSE slows trades during periods of higher volatility. Thinly traded electronic markets such as Nasdaq allow the trades through. The gap between prices on different exchanges may have ignited worries among investors. Mr Niederauer noted there wasn't much volume on the NYSE Euronext during the dip and the market closed near where it had traded all along. Several investigations into the day's drama are now under way. Images of rioting as the Greek Parliament passed unpopular austerity measures did little to ease market panic. Shares in Procter and Gamble closed down 2.3 per cent to $US60.75. WASHINGTON (Reuters) – The Senate on Thursday rejected a Republican attempt to defang consumer protections in a sweeping Wall Street reform bill, while voting to give small banks a break on deposit insurance. Despite procedural delays, lawmakers covered some ground on a top priority of the Obama administration that would be the biggest overhaul of the financial rulebook since the 1930s. A proposal to challenge the Federal Reserve's secrecy about its role in the 2008 financial meltdown gained support in the Senate, but a vote on it was put off until next week. As lawmakers debated, a stock market stampede wiped out nearly $1 trillion in equity value before prices recovered. The Dow Jones Industrial Average suffered its worst intraday point drop ever. The plunge could not have come at a worse time for Wall Street, which is already suffering from a wave of public anger following the meltdown and subsequent bailouts of 2008-2009. Final approval of the 1,600-page reform bill was expected in two to four weeks, but thorny disputes loomed. With more than 140 amendments circulating, Democrat leaders were struggling to stave off gridlock on the Senate floor. If approved, the Wall Street reform bill would give Democrats a major legislative victory ahead of November's elections. Republicans have worked for months to weaken and delay the measures, along with financial industry lobbyists. Congress is undertaking a major rewrite of the rules to try to make banks and capital markets less prone to periodic crises that have become more common since a wave of deregulation in the 1980s. The future profitability, risk capacity and growth potential of financial firms hang in the balance. STAKES HIGH FOR OBAMA The stakes are high for President Barack Obama, a forceful advocate of reform. He laid the groundwork for legislation in mid-2009 with a package of proposals. The House of Representatives has approved a bill embracing many of them. Whatever comes out of the Senate must be merged with the House bill. Analysts say that could happen by the end of June. The Senate voted on Wednesday to create a new protocol for dismantling distressed financial firms and to bar use of taxpayer funds to bail out financial institutions. No votes on amendments will be held on Friday or Monday, said Democratic Senator Christopher Dodd, the bill's author. On Thursday, lawmakers debated a measure that would open the Fed to a broad congressional audit of its emergency lending during the meltdown and force it to disclose information publicly about who it assisted. But a vote on the measure, drafted by independent Senator Bernie Sanders, was delayed. MBT Sale After taking unprecedented actions to stabilize the economy during the crisis, the Fed has worked fiercely to protect its tradition of secrecy, warning of the potential for political interference in its core monetary policy mission. Sanders' amendment, which does not target monetary policy issues, initially got support from an unusual coalition of both liberal and conservative senators. After he modified it to ensure that the Fed would only have to submit to a one-time audit, Obama administration officials dropped their objections and Dodd said he would back it. BANK BREAK-UP AMENDMENT REJECTED The Senate rejected a proposal that would have split up the six largest banks in an effort to ensure that large financial firms do not threaten the economy if they fail. The measure would have limited banks' share of insured deposits and the size of their non-deposit liabilities. Earlier in the day, lawmakers approved an amendment that would force major banks -- such as Bank of America, Citigroup and Goldman Sachs -- to pay more for government deposit insurance and let smaller banks pay less. The measure, approved by a vote of 98-0, reflected the increased clout of small banks on Capitol Hill since the financial crisis, which has deeply damaged the political standing of big banks and Wall Street. In a win for Obama, Democrats turned back a Republican proposal that would have weakened consumer protections proposed in the wider reform legislation by a vote of 38 to 61. The bill calls for setting up a consumer protection watchdog bureau in the Federal Reserve that would regulate mortgages, credit cards, payday loans and other products. The spread of subprime mortgages in the real estate bubble ahead of the crisis showed that consumers need better protection from aggressive lenders, Democrats say. But Republicans say the Fed unit would be too powerful and impose excessive compliance costs and red tape on small businesses including orthodontists and florists. Major financial firms' credit card and mortgage profits would also be threatened by a consumer protection watchdog. The Republicans' defeated amendment would have put the watchdog in the FDIC, not the Fed, with less independence. The Senate adopted a measure to give commodities regulators more clout in prosecuting price manipulation. |
