We still believe that the real cost of capital is too low, and hence expect a long drawn out rate hiking cycle into 2012.

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Google scheme to gut tax exposure in the U.K. through clever legal foot work in Dublin, have announced a new multinational tax rate of 10 percent on profits drawn off of new patents.

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Despite a statewide unemployment rate of almost 11 percent, Californians are still not drawn to the fields.

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The report, drawn from more than 4, 000 sites' advertising data, asserted that the rate of fraudulent clicks was 15.8% in the second quarter of 2007, up 1% from three months earlier.

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At that rate, the trust fund on which 31.6 million pension checks are drawn every month will be nearly empty by July 1, 1983.

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Thus, the official picture drawn by the FSA is that the Bank of England did not instruct Barclays to fiddle the rate, and that Bob Diamond "did not understand" that he had been so instructed.

BBC: The strange silence and an absence of information

"The deteriorating economy and expectations of a drawn-out recession has led to a downward revision in the UK outlook and has severely impacted the survival rate of UK businesses, " said Shay Bannon, head of business restructuring at BDO Stoy Hayward.

BBC: One in 56 businesses 'will fail'

The loan has been fully drawn down, matures in five years and accrues interest at LIBOR plus 9.25%, for a current rate of 10.75%, with interest payable quarterly in arrears.

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