The London and Toronto stock exchanges have scrapped plans for a C$3.6bn (£2.3bn) merger because it was unlikely to win enough shareholder votes. TMX, which owns the Toronto exchange, said that based on votes already cast, the required two-thirds shareholder support was unlikely to be met. The LSE said in a statement that its shareholders overwhelmingly backed a merger, based on votes already cast.
The London and Toronto stock exchanges have scrapped plans for a C$3.6bn (£2.3bn) merger because it was unlikely to win enough shareholder votes.
TMX, which owns the Toronto exchange, said that based on votes already cast, the required two-thirds shareholder support was unlikely to be met.
The LSE said in a statement that its shareholders overwhelmingly backed a merger, based on votes already cast.
Reuters reports; The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters.Chambers, who is also the chairman of S&P's sovereign ratings committee, told Reuters on Tuesday that U.S. Treasury bills maturing on August 4 would be rated `D' if the government fails to honor them. Unaffected Treasuries would be downgraded as well, but not as sharply, he said."If the U.S. government misses a payment, it goes to D," Chambers said. "That would happen right after August 4, when the bills mature, because they don't have a grace period."Fears of a technical default have been rising after budget negotiations between Democrats and Republicans fell apart in Washington earlier this week. Even a brief default by the United States would immediately increase the country's borrowing costs, weighing on the fragile economic recovery and eroding the dollar's status as a reserve currency.
Reuters reports; The United States would immediately have its top-notch credit rating slashed to "selective default" if it misses a debt payment on August 4, Standard & Poor's managing director John Chambers told Reuters.
Chambers, who is also the chairman of S&P's sovereign ratings committee, told Reuters on Tuesday that U.S. Treasury bills maturing on August 4 would be rated `D' if the government fails to honor them. Unaffected Treasuries would be downgraded as well, but not as sharply, he said.
"If the U.S. government misses a payment, it goes to D," Chambers said. "That would happen right after August 4, when the bills mature, because they don't have a grace period."
Fears of a technical default have been rising after budget negotiations between Democrats and Republicans fell apart in Washington earlier this week. Even a brief default by the United States would immediately increase the country's borrowing costs, weighing on the fragile economic recovery and eroding the dollar's status as a reserve currency.
"Hello American People, This is a message from Anonymous to you. We cordially invite any and all, Anonymous and non-anons, to join OpESR in demanding Federal Reserve accountability. We are crafting a class action lawsuit against the Fed. .... This is a class action lawsuit against the private Federal Reserve Bank and it's shareholders. It falls under the Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970 for criminal acts of Fraud, Usury, Conspiracy to commit Grand Larceny and Theft by Deception, and for systematically looting the Treasury of The United States of America for a total that has yet to be determined. For nearly 100 years, The Federal Reserve Bank has debased and debauched our currency by illegally authorizing an ODIOUS DEBT to be encumbered by our citizens without their knowledge, or in any way for their collective benefit. The Fed, allowed Banks to defraud the American public, so as to leave them living like refugees in their own land. This ruthless cabal now has the temerity to pass off this ODIOUS DEBT to the American people, thereby destroying not only our future, but Americas' ability to be a free, sovereign nation.
This is a message from Anonymous to you.
We cordially invite any and all, Anonymous and non-anons, to join OpESR in demanding Federal Reserve accountability.
We are crafting a class action lawsuit against the Fed.
....
This is a class action lawsuit against the private Federal Reserve Bank and it's shareholders.
It falls under the Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970 for criminal acts of Fraud, Usury, Conspiracy to commit Grand Larceny and Theft by Deception, and for systematically looting the Treasury of The United States of America for a total that has yet to be determined.
For nearly 100 years, The Federal Reserve Bank has debased and debauched our currency by illegally authorizing an ODIOUS DEBT to be encumbered by our citizens without their knowledge, or in any way for their collective benefit.
The Fed, allowed Banks to defraud the American public, so as to leave them living like refugees in their own land. This ruthless cabal now has the temerity to pass off this ODIOUS DEBT to the American people, thereby destroying not only our future, but Americas' ability to be a free, sovereign nation.
They cite a duty to oppose all enemies, foreign and domestic, but I believe that is part of the oath that members of the military and public elected officials take. I suppose that would be the basis for further suits against elected office holders for dereliction of duty. :-) As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
