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Dear Uncle Lizzy, I am horrified what is happening in your country. I have sent e-mails to some prominent Parliament members in the UK asking them please to consult with Gordon Brown on the possiblity of threatening a boycot on the World Soccer Cup 2010 in South Africa, if Thabo Mbeki does not put pressure on Mugabe to step down. That will horrify them in to action.
Kind Regards Michael
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WASHINGTON (Reuters) - Banks in the United States kept tightening lending standards and terms for both business and consumer loans over the past three months out of concern about a weakening economic outlook, according to a Federal Reserve survey issued on Monday. 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Jobs have been lost in each of the first four months of 2008, according to government statistics.Fed policy-makers may have had the outlines of the loan officers' report when they decided last week to reduce official interest rates another quarter percentage point. At the time, anarchy online creditsanarchy online creditarchlord goldbuy archlord goldcity of heroes influencecoh influencecity of villains infamycov infamyeve iskeve online iskthe Fed hinted it might halt its rate-cutting campaign while it assesses whether the 3.25 percentage points by which it has lowered benchmark U.S. rates since September will spur growth.The loan survey shows the tight lending continues to be a problem for the U.S. economy, flyff penyabuy flyff goldflyff moneygaia online goldgaia goldge moneygranado espada visgranado espada goldguild wars goldgw goldhellgate london palladiumhero online goldlast chaos goldpirates of the burning sea goldpotbs doubloonragnarok zenyro zenyrappelz rupeerappelz goldrf online goldscions of fate goldsecond life lindensecond life money which has grown at only a 0.6 percent rate during each of the last two quarters due to the drag from a deep housing crisis."About 35 percent of domestic banks and 45 percent of foreign institutions -- somewhat larger fractions than in the January survey -- noted that concerns about their banks' current or expected capital position had contributed to more stringent lending policies over the last three months," the Fed said. PUMP PRIMINGThe Fed -- the U.S. star wars galaxiesswg creditsthe sun onlinethe sun online goldsword of the new world vissword of the new world goldtabula rasa credittabula rasa creditstales of pirates goldvanguard moneybuy vanguard goldvoyage century goldwarhammer gold2moons dil2moons goldcentral bank -- and its counterparts in major industrial economies around the world have taken measures to pump liquidity into the banking system while policy-makers have urged financial institutions to keep lending.The survey shows banks are still lending but they are charging more, which to some extent thwarts the Fed's purpose in cutting rates and pumping money into the banking system."About 70 percent of banks -- up from 45 percent in the January survey -- indicated that they had increased spreads of loan rates over their cost of funds," age of conan power levelingaoc levelingaion goldbuy aion goldanarchy online creditsanarchy online creditarchlord goldbuy archlord goldcity of heroes influencecoh influenceeve iskeve online iskflyff penyabuy flyff goldflyff moneygaia online goldgaia goldge moneygranado espada visgranado espada goldguild wars goldgw goldthe Fed said.Reduced lending potentially worsens any deceleration in the broader economy because it restricts credit that businesses need for investment in such things as new equipment, and that consumers need for purchases such as new homes.The survey cited, hellgate london palladiumhero online goldlast chaos goldpirates of the burning sea goldpotbs doubloonragnarok zenyro zenyrappelz rupeerappelz goldrf online goldscions of fate goldsecond life lindensecond life moneysilkroad goldbuy silkroad goldas a reason for reduced loan demand, less need on the part of banks' customers to finance investment in plant and equipment or to carry inventories." star wars galaxies creditsswg creditsthe sun onlinethe sun online goldsword of the new world vissword of the new world goldtabula rasa credittabula rasa creditstales of pirates goldvanguard moneybuy vanguard goldvoyage century goldwarhammer goldAll foreign respondents noted a decrease in customers' needs for merger and acquisition spending," the Fed said.Some 80 percent of U.S. banks and 55 percent of foreign banks -- about the same proportions as in January -- said they were imposing tougher standards for making commercial real estate loans than they had been in the prior three months. 2moons dil2moons goldanarchy online creditsanarchy online creditarchlord goldbuy archlord goldcity of heroes influencecoh influencecity of villains infamycov infamyeve iskeve online isk COSTS AND TERMS UPA majority of banks were also toughening standards for not only prime mortgage loans but also for nontraditional and subprime residential mortgages. 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