Tuesday, 17. July 2012

Eurozone crisis live: Mervyn King faces MPs on Libor and financial stability


• MPs will ask Bank of England governor about his role in the Libor rate-fixing scandal... • ....and the impact of the eurozone crisis on the UK • Ben Bernanke to testify to Senate later

08:20 BST

Another day in the bond markets begins with traders driving up the prices of 'safe-haven' eurozone government bonds.

Already, the yield (effectively the interest rate) on Belgium's 10-year debt has hit a euro-era record low of 2.53%. And the yield on Germany's 2 year bonds has hit a new record low of -0.061%. A negative yield means you would not get all your money back if you held the bond until it matured.

The yield on Austria's 2-year bonds is also below 0%, while the French equivalent has hit a record low of 0.058%*.

guardian.co.uk

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Welcome to London! Royal Navy's largest warship sails down the Thames as armed forces put on show of strength for Olympics


The British military's largest warship, HMS Ocean, was carefully positioned into its Greenwich dock to prepare for Olympics security Mayor of London has welcomed the 3,500 extra troops brought in to secure Games saying the public will like that they are there The extrovert politician added the armed soldiers will add 'tone' to the event PM David Cameron said G4S should be pursued for money for not delivering on their contract

dailymail.co.uk

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Immer mehr Jugendliche alkoholabhängig


Innerhalb von fünf Jahren hat sich die Zahl der alkoholabhängigen Jugendlichen verdoppelt. Diesen dramatischen Anstieg stellen Fachärzte der Landesnervenklinik Wagner-Jauregg in Linz fest.

orf.at

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Jon Lord has sadly passed away


It is with deep sadness we announce the passing of Jon Lord, who suffered a fatal pulmonary embolism today, Monday 16th July at the London Clinic, after a long battle with pancreatic cancer. Jon was surrounded by his loving family.

Jon Lord, the legendary keyboard player with Deep Purple co-wrote many of the bands legendary songs including Smoke On The Water and played with many bands and musicians throughout his career.

Jon Lord

jonlord.org

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