Finance Latest News: Britain Battles to Build Tech Giant as Home-grown Talent Goes West

Log out of Facebook How to remove this experience Finance Latest News: Britain Battles to Build Tech Giant as Home-grown Talent Goes West Link 5 hours ago, Wochit East London’s technology hub is established well beyond start-up status: Thousands of new web firms now work in the offices around Old Street and on any given day the area’s coffee shops buzz with young hopefuls meeting advisers and investors. Britain’s government has christened the area “Tech City” and makes no secret of its hope that the entrepreneurial ventures being dreamed up there can spearhead an economic boost to lift the country out of a long recession. … Greece’s economy could shrink by as much as 5 percent this year, the Athens-based IOBE think tank said, revising down its previous projection and offering a more pessimistic forecast than the country’s foreign lenders. Athens, which has been limping along on bailout funds since 2010, secured its latest lifeline from its European Union and International Monetary Fund lenders on Monday but was told it must keep its promises on cutting public sector jobs and on selling state assets to get all the cash.

Bourne finance panel is already wary of pension-liability reporting

A consultant might be a worthwhile expenditure, I think we should at least look into it. This is a complex issue. Finance member Mary Jane Mastrangelo said there are two aspects of the town beginning to face its post-employment obligations beyond the annual fiscal lip service they command; that is, she said, the overall impact and the actuarial side of it. Member John Redman said the Massachusetts Municipal Association might be able to make a consultant available to help the town broach the inevitable; that is, how it will deal with post-employment realities as they affect the municipal finances and the bottom line of Bournes overall fiscal health. Finance panel chairman Michele Ford said she would discuss the issue with Town Administrator Thomas Guerino. Guerino, Finance Director Linda Marzelli and selectmen have been routinely advised about how annual audits in the near future will carry post-employment totals as an accounting measure. This is a formal change in upcoming audits.

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