And from the newest developments in the LIBOR rigging scandal. On top of paying a 453 million dollar fine, and CEO Bob Diamond leaving, Barclays has now been ousted from the rate-setting panel for interbank lending in the United Arab Emirates. The Emirates Interbank Offered Rates, is set by a panel of 12 banks, to price financial products in the Gulf’s financial centre. Rumor has it they tried to manipulate the Emirates Interbank Offered Rates as well. Today Mr. del Missier will speak in front of parliament, which will hopefully shed some more light on who is responsible, for this banking disaster. Tune is again soon for a detailed explanation, on what the rigging of the LIBOR means for the average US consumer.
Microsoft, the world’s largest software maker, has been eying the world of online news, and has now taken the first step in building its own online news service, independent of NBC. Microsoft has left the joint venture that created MSNBC.com (yes MS did stand for MicroSoft, I am sure you knew that). NBC is buying Microsoft’s 50% stake in the venture for an undisclosed amount and MSNBC.com will now become NBCNEws.com/
This is yet another sign, that internet exposure is becoming more crucial to a company’s business.
Mark Zuckerberg is making headlines over his recent refinancing of a $5.95 million mortgage on his Palo Alto home, giving the term “the one percent” a whole new meaning. Zuckerberg’s 30-year adjustable rate mortgage, started with an initial 1.05%, and with the FED signaling that interest rates will be near zero for another 2 years, this is actually a pretty sweet deal. While almost all lending rates are currently at record lows, high net worth individuals can get even lower rates, if they are prepared to take the risk of monthly interest rate adjustments. “The one percent” is an expression that was popularized by the Occupy Wall Street Movement, symbolizing the top one percent of the US earns a 5th of the country’s entire income and holds over a third of its wealth in its grip of control.
And from the newest developments in the LIBOR rigging scandal. On top of paying a 453 million dollar fine, and CEO Bob Diamond leaving, Barclays has now been ousted from the rate-setting panel for interbank lending in the United Arab Emirates. The Emirates Interbank Offered Rates, is set by a panel of 12 banks, to price financial products in the Gulf’s financial centre. Rumor has it they tried to manipulate the Emirates Interbank Offered Rates as well. Today Mr. del Missier will speak in front of parliament, which will hopefully shed some more light on who is responsible, for this banking disaster. Tune is again soon for a detailed explanation, on what the rigging of the LIBOR means for the average US consumer.
Microsoft, the world’s largest software maker, has been eying the world of online news, and has now taken the first step in building its own online news service, independent of NBC. Microsoft has left the joint venture that created MSNBC.com (yes MS did stand for MicroSoft, I am sure you knew that). NBC is buying Microsoft’s 50% stake in the venture for an undisclosed amount and MSNBC.com will now become NBCNEws.com/
This is yet another sign, that internet exposure is becoming more crucial to a company’s business.
Mark Zuckerberg is making headlines over his recent refinancing of a $5.95 million mortgage on his Palo Alto home, giving the term “the one percent” a whole new meaning. Zuckerberg’s 30-year adjustable rate mortgage, started with an initial 1.05%, and with the FED signaling that interest rates will be near zero for another 2 years, this is actually a pretty sweet deal. While almost all lending rates are currently at record lows, high net worth individuals can get even lower rates, if they are prepared to take the risk of monthly interest rate adjustments. “The one percent” is an expression that was popularized by the Occupy Wall Street Movement, symbolizing the top one percent of the US earns a 5th of the country’s entire income and holds over a third of its wealth in its grip of control.