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System Messages

  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/ on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/ on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/ on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/ on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/ on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/ on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/ on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/ on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/ on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
Weekly Summary

Weekly Summary

(November 2014) Germany was reported to have avoided a recession in the third quarter while on Wednesday the European Space Agency announced that its Rosetta probe, which had travelled 510km in 10 years to reach its final target – the comet Churyumov-Gerasimenko. Also on Wednesday, Jean- Claude Juncker, the new European Commission president, implausibly distanced himself from the development of Luxembourg as a tax haven even though he was prime minister of the Grand Duchy in 1995-2013.
(November 2014) The Web Summit international tech conference was held in Dublin and attracted over 20,000 to the 3-day event while in Beijing, China prepared to host the 25th anniversary conference of the Asia-Pacific Economic Cooperation (APEC) countries - 21 that straddle the Pacific Ocean. President Xi expected blue skies over Beijing - many workers were given a week-off; about half of the capital's cars were not allowed on the roads daily until Wednesday while more than 1,000 heavy industrial plants within a 120-mile radius of Beijing were ordered shut; all construction sites were suspended; and residents of Tianjin, a port city 90 miles east of Beijing, had no central heating until APEC was over.
(November 2014) On Friday the Bank of Japan (BoJ) stunned the financial markets by unexpectedly expanding its programme of quantitative easing, two days after the US Federal Reserve officially announced an end to its quantitative easing bond-buying program. Earlier in the week the European Central Bank announced the latest stress test results on 130 Eurozone banks and 25 had failed while others had taken actions to increase capital.
(October 2014) The International Monetary Fund on Tuesday downgraded its outlook for global economic growth, citing persistent weakness in the Eurozone and a broad slowdown in several major emerging markets. In Ireland, the Economic and Social Research Institute (ESRI) said economic growth is expected to be strong in 2014 and 2015, with Ireland's gross national product (GNP) forecast to grow by approximately 5% in each year.
(September 2014) Following a weather related contraction in the first quarter, US GDP was revised up in the second, quarter. PMI data showed that Eurozone growth slowed for a second month in September and shares fell in the worst week for global equities in almost two months. In the UK Tesco, the struggling retailer, reported that first half profits had been over-stated by £250m. Meanwhile, developing Asia will remain the fastest-growing region in the world in 2014 despite a slowdown in China, a new report from the Asian Development Bank said Friday.
(September 2014) Last year the G20 group of leading developed and emerging economies tasked the Organisation for Economic Co-operation and Development - - the Paris-based think-tank for 34 mainly developed countries - - to produce proposals for reform of global corporate tax rules and on Wednesday the OECD released its first recommendations for a co-ordinated international approach to combat tax avoidance by multinational enterprises, under the OECD/G20 Base Erosion and Profit Shifting Project designed to create a single set of international tax rules to end the erosion of tax bases and the artificial shifting of profits to jurisdictions to avoid paying tax. It's the biggest reform program of global business tax rules since their development in the 1920s (see below).
(September 2014) Irish manufacturing and services PMI (purchasing managers' index) surveys were robust in August while the final Markit's Eurozone Manufacturing PMI dipped to 50.7 in August, down from 51.8 in July. A figure above 50 indicates expansion. New orders dropped and factories suffered amid rising tensions between the EU and Russia over Ukraine. The PMI for the services industry in the Eurozone fell to 53.1 last month, down from 54.2 in July. A flash estimate was 53.5. There was strong growth in the United States but manufacturing was weak in China. However, the US economy added 142,000 jobs in August, the Labor Department said Friday, falling short of expectations for a rise of 225,000 jobs.
(August 2014) The Eurozone's weak recovery since the spring of 2013 shuddered to a halt in the second quarter of 2014, when GDP stagnated. It fell by 0.2% in both Germany, the biggest economy and Italy, the third largest, while France, the second largest economy stagnated. Ireland didn't report but Fitch Ratings on Friday upgraded Ireland’s credit rating one notch to A-minus and the country ceiling to triple-A, the highest rating, in recognition of improved fiscal outlook.
(August 2014) Italy slipped into its third recession since 2008, data showed Wednesday. On Thursday, Mario Draghi, ECB president, said that countries with low or zero growth, like his native Italy, should follow the example of countries that have undertaken tough structural reforms, like Spain.
(July 2014) The US Securities and Exchange Commission began an investigation of Cynk Technology, a claimed social network that reports zero assets, no revenue and one employee, which surged to a $6bn valuation. The SEC on Friday suspended trading in Cynk -- whose price rose more than 100-fold since mid-June. In Europe banking concerns and fears that Eurozone growth may be slowing resulted in European stocks having their worst week since March. The Stoxx Europe 600 Index fell 3.2%. Portugal's Espírito Santo family, which owns the country's second-largest lender, Banco Espírito Santo SA is under pressure as regulators fear that the private bank's accounts may not reveal its true condition.