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Kleptomania - Real estate agent accused of stealing from homeowner - (www.cfnews13.com) A real estate agent was arrested, accused of stealing money and
prescription drugs from aVolusia County home
she was trying to sell. Now investigators want to know if there are any other
victims. Jessica Morford was arrested Friday. Police in Port Orange said the
homeowner set up a video camera after suspecting that Morford, 32, was
stealing.
Police said the video caught Morford stealing
the prescription drugs. Morford had access to the house to show it to
prospective buyers. Morford worked for Real Living All Florida Realty in
Daytona Beach. We have contacted business, but have not heard from them yet.
Largest
Dutch bank defaults on physical gold deliveries to customers – (www.examiner.com) Last week, a rubicon
was crossed in the precious metals market as one of the largest banks in Europe
defaulted on their goldcontracts, and informed their customers
there was no physical gold available for delivery. ABN AMRO, the largest Dutch bank in
the Eurozone, issued a letter to their gold contract customers of failure of
delivery, and instead will pay account holders in a paper currency equivalent
to the current spot value of the metal. ABN AMRO, the biggest Dutch bank, has sent a letter to its
clients stating that they will no longer be able to take physical deliveries of
the gold they have bought through ABN. Instead they are offered money at the
current market rate for gold. Basically, instead of owning a risk free,
physical asset (a gold bar or a gold coin), the bank’s clients now own a
monetary claim on ABN AMRO, being exposed to the bank's credit risk. - Voice of Russia
Hollande Dismisses Reshuffle as Crisis Hits Popularity - (www.bloomberg.com) French President Francois Hollande, in the midst of the worst
political crisis since entering office in May, dismissed speculation of a
cabinet reshuffle after a minister he’d charged with fighting tax evasion admitted to a secret overseas
bank account. “It’s not the government that failed, but a man,” Hollande said
yesterday at a press conference in Rabat during a state visit to Morocco. “There’s no decision on the
government to be taken.” Jerome Cahuzac, who resigned as Hollande’s budget
minister two weeks ago, said on April 2 that he was caught in a “spiral of
lies” about the 600,000 euros ($770,000) he held in an offshore account for
years. Hollande said this week that Cahuzac had lied to him, the French
parliament and the French people. Cahuzac’s downfall came as the Socialist
president plumbed new lows in opinion polls. Less than 11 months into his five-
year mandate, Hollande is struggling to revive an economy that has barely grown
in two years and joblessness that has jumped to 3.196 million, just shy of a
record set in 1997.
Numbness
gives way to anger in Cyprus over bailout - (www.reuters.com) Public shock in Cyprus about the tough terms of an international bailout
is turning into anger as millions of euros remain locked in the country's banks. Cypriots were
stunned by last month's collapse of its second-biggest lender, Popular Bank,
and a decision to slap losses on large deposits at the Bank of Cyprus in return
for financial aid from the European Union and IMF. They are now demanding
answers after allegations earlier this week that a company connected to the
family of President Nicos Anastasiades shifted money out of one of the
distressed lenders just before the banking system was effectively locked down
on March 15. Anger and impatience is rising as the results of an official
inquiry into what caused the crisis, and exactly who knew what and when, is
unlikely to be ready for weeks. Banks reopened last
week but Cypriots can withdraw only 300 euros ($390) a day under a range of
controls imposed to prevent panicked residents from emptying their accounts or
moving all their savings abroad. Anxiety is being deepened by confusion over
how the hastily-imposed rules should operate.
Growing
concerns of a new global credit bubble - (www.telegraph.co.uk) Senior
managers at the private bank, whose customers include a who’s who of British
society, are being discreetly advised to reduce their holdings of high-yield
bonds, according to an internal warning seen byThe Daily Telegraph. Sales of
high-yield debt have exploded this year as investors chase returns in an
environment of historically low interest rates and rising inflation. In both
Europe and Asia, high-yield sales have reached all-time highs. In January
alone, Asian companies sold just over $9bn (£6bn) of high-yield bonds, a
year-on-year increase of more than 6,000pc, according to data provider
Dealogic. Fears have been raised as investors increase the risk they are taking
on the bonds by borrowing further. Coutts’ investment strategy committee has
become concerned at the use by some wealthy individuals of borrowed money to
enhance returns from high-yield investments and is understood to have begun
advising clients to avoid the practice.
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