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Pound Set for Pain as Cameron Cuts Send King to Printing Press – Bloomberg History suggests sterling’s losses will be sustained while Osborne implements cuts that are bigger than those announced by Geoffrey Howe when he was Margaret Thatcher’s chancellor in 1981, according to UBS. The pound lost 20 percent against the dollar that year … Read more

Kass: More on Screwflation – TheStreet …to the extent that quantitative easing helps increase asset prices, by definition and in fact, this also means that it increases the price of commodities and other inputs as well. (It's already happened again.) Shouldn't the benefit of the wealth effect be offset by an expense effect (not to … Read more

Spain's Solar Deals on Edge of Bankruptcy as Subsidies Founder – Bloomberg …more than 50,000 other Spanish solar entrepreneurs face financial disaster as the policy makers contemplate cutting the price guarantees that attracted their investment in the first place…by failing to control the program’s cost, Zapatero saddled Spain with at least 126 billion euros of … Read more

China Escalates Trade Fight With U.S. on Subsidies – NYTimes.com It is highly unusual for an official of Mr. Zhang’s standing to convene a news conference on short notice and denounce the American government in such blunt terms. Should the Americans pursue the subsidy issue with the World Trade Organization, Mr. Zhang said, “the only … Read more

DEALTALK-5N Plus on First Solar's radar as supply crunch looms | Energy & Oil | Reuters First Solar accounts for about 70 pct of 5N Plus' revenue; GE, others entering will exacerbate CdTe supply crunch; CdTe demand seen at 260 metric tons by yr-end; 5N Plus can produce 250 metric tons annually; 5N Plus seen … Read more