Mindful Money’s news round-up: Monday 15th August 2011

15th August 2011

Story of the day:

From the Guardian, the days of 'coddling' America's super-rich with low taxes must end if its debt problems are ever to be solved, according to billionaire investor Warren Buffett.

Warren Buffett calls for higher taxes for US super rich

And the best of the rest:

The Telegraph is reporting, investors worldwide have lost confidence in economic leadership, driving financial markets into a "new danger zone", the head of the World Bank has warned ahead of a crucial meeting that could shape the future of the eurozone.

Global debt crisis: Markets enter 'new danger zone'

While the BBC News is discussing confidence as well, business confidence among UK firms is falling, two surveys have suggested.

Business confidence falling in UK, surveys suggest

In the Financial Times, Germany and France are ruling out common eurozone bonds to solve the bloc's current debt crisis, in spite of renewed pressure ahead of a meeting of chancellor Angela Merkel and president Nicholas Sarkozy on Tuesday.

Germany and France rule out eurobonds

From the Telegraph, the extent of the panic that gripped financial markets last week has been laid bare by figures that showed speculators slashed their bets in US commodity markets by record margins.

Commodity bulls in $21bn sell-off

Japan's economy contracted for a third straight quarter as consumer spending and factory production continued to suffer in the aftermath of the March earthquake and tsunami, reports the Independent.

Japan's economy contracts for third straight quarter

This is Money is reporting on employment figures, jobless figures are set to rise later in the year, ending a recent downward trend, according to a leading business group. A survey of 1,000 employers has found that the number who are hiring staff has dropped behind the number who are not.

Bosses warn of a jobless timebomb: Unemployment 'will start to rise again this year'

The Wall Street Journal is discussing the UK housing market, the average price asked by homeowners seeking to sell their properties in the U.K. declined in August, but activity in the housing market remains subdued, online real-estate agency Rightmove PLC said Monday.

Asking Prices for U.K. Property Show a Decline

While in the Telegraph, research by Investec Specialist Private Bank has revealed that there were 21,319 homes on the market for £1m or more during the second quarter of 2011 – an increase of 8pc on the first three months of this year and 10pc more than the same period last year.

Rise in £1m homes for sale despite falling house prices

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