Home' Trinidad and Tobago Guardian : July 26th 2013 Contents US Attorney for the Southern District of New York Preet Bharara speaks during a news conference in New York. SAC Capital, the
hedge fund operated by embattled billionaire Steven A Cohen was hit with white-collar criminal charges Thursday that accused the
fund of making hundreds of millions of dollars illegally, and a related government lawsuit said insider trading was pervasive and
unprecedented at the firm. AP PHOTO
Guardian www.guardian.co.tt Friday, July 26, 2013
THE LONG AWAITED
THE BRIDAL AND
29 Frederick Street
NATIONAL INSURANCE PROPERTY DEVELOPMENT COMPANY LIMITED
Morne Coco Road, Petit Valley
3 bedrooms, 1 bathroom on 3,539 sf of leasehold land
2 bedrooms, 1 bath on 2,778 sf leasehold land
- Average condition
(999-year lease) - Fair condition
Viewings: 06, 13, 20 and 27 August, 2013
Viewings: 31 July; 07, 15, 22 and 29 August, 2013
Time: 9:30 a.m
Time: 9:30 a.m.
Wharton Street, Laventille
2-storey - 3 bedrooms, 1 bath on 5,000 sf in poor condition
5,000 sf of land only - freehold
of leasehold land - (expired and renewable)
Viewing: Anytime - Directions Available
Viewings: 02, 05, 12 , 19 and 26 August, 2013
NB: Please be advised that after receipt of bids and approval
Time: 10:00 a.m.
only CASH payments will be taken for the sale of this property.
1. Closing date for receipt of ALL bids will be on Thursday,
6. Each bid must be accompanied by a One Hundred Dollars ($100.00)
September 05, 2013 at 2:30 p.m.
non- refundable bid fee as evidenced by a receipt
2. Properties must be viewed before bids are submitted
7. Upon acceptance of a bid a 10% downpayment must be made within
fourteen (14) days
3. Separate bids in sealed envelopes must be placed in
the Tender Box and addressed to:
8. The property is sold subject to outstanding rates and taxes.
9. The Company does not bind itself to accept the highest or any bid
10. Bids will be opened on Thursday,September 05, 2013 at 2:30 p.m.
4. Bidders must use the prescribed form available from NIPDEC's Real
Estate Services department and must include their name, home address
and contact number on the bid form.
5. Deposit slips for the bid fee will be available at NIPDEC
Head Office for interested bidders.
A Partner in Development
LONDON---The British economy grew by 0.6 per
cent in the second quarter compared with the pre-
vious three month period, official figures showed
Thursday in the latest sign that Europe s third
largest economy is on a firmer footing.
The increase in the country s annual gross domestic
product, as reported by the Office for National Sta-
tistics, was double the previous quarter s rate but in
line with market expectations. Services, agriculture,
manufacturing and construction industries all con-
tributed to the quarterly rise.
Despite the increase, the UK economy is still smaller
than it was before the deepest recession since World
War II started in 2008 following an international
financial crisis that had its roots in bad banking prac-
tices around the world. Despite the quarterly rise,
the British economy, Europe s third-biggest behind
Germany and France, is still around 3.3 per cent
smaller than at its peak in the first three months of
Still, the increase will foster hopes that the UK
economy can now post sustained increases in outputs
following a three-year period when it largely flat-
lined despite record low interest rates and a big stim-
ulus programme from the Bank of England. The
coalition government that was formed after the 2010
general election has made deficit-reduction the pri-
mary focus of its goals but the austerity measures
that have been pursued have weighed on economic
activity. The next election is expected in May 2015.
"Britain is on the mend, but we ve got to stick
with the plan because there s still a long way to go,"
British finance minister George Osborne told Sky
Excluding last summer s boost from the London
Olympic Games, the quarterly rise was the strongest
in almost two years, according to Chris Williamson,
the chief economist at Markit.com.
"Prospects look good for a continuation of the
recovery in the third quarter, with consumers and
businesses both helping drive the upturn," he said.
There have been some false dawns before and
economists urged caution.
The International Monetary Fund has suggested
that the government might want to reconsider the
pace of its austerity measures to help the economy,
whose output was worth ₤1.4 trillion (US$2.1 trillion)
If the second quarter trend continues for the year,
Britain s annualised growth rate would be around 2.5
per cent, similar to those that have existed in the
United States for a while now. (AP)
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