Archive for the 'Economy' Category
GREECE NEEDS UP TO €120-BILLION
April 28th, 2010Via: Globe and Mail: Greece will need financial assistance amounting to between €100-billion and €120-billion over the next three years, German parliamentarians reported on Wednesday after meeting Dominique Strauss-Kahn, managing director of the International Monetary Fund, and Jean-Claude Trichet, president of the European Central Bank. They said that the €45-billion currently proposed as a rescue […]
Crisis, Martial Law, and Black Market Operations
April 28th, 2010Via: Knowledge Is The Killer of Fear: In the coming years, I think there is a strong possibility that there is going to be crisis and martial law in the United States and in other nations as well. During such periods, the items you need to survive will become increasingly scarce, especially if the crisis […]
SPAIN’S DEBT DOWNGRADED
April 28th, 2010Via: CNN: Standard and Poor’s downgraded the sovereign debt ratings of Spain to a lower investment grade status Wednesday, citing “risks to budgetary position” for the troubled European nation. Spain’s long-term sovereign debt rating was reduced to “AA” from “AA+.” The short-term rating was left unchanged at “A-1+.”
Greece Debt Rating Cut to Junk by S&P
April 28th, 2010Via: BBC: Global stock markets tumbled after Greece’s debt was downgraded to “junk” by rating agency Standard & Poor’s over concerns that the country may default. It makes the struggling nation the first eurozone member to have its debt downgraded to junk level. Portugal’s debt was also lowered on fears of “contagion”, adding to the […]
The Next Empire: China in Africa
April 28th, 2010Via: The Atlantic: Africans’ attitudes toward China’s recent initiatives on their continent are perhaps inevitably riddled with ambivalence. Many African intellectuals bridle at Western criticism of China’s African full-court press. The West, they say, has long patronized their continent, and since the end of the Cold War, has subjected it to outright neglect. And all […]
Blankfein Supports Financial Reform Legislation
April 28th, 2010In Fiat Currency Hell, endless financial complexity allows for swindling at heretofore unthinkable levels. This may sound counterintuitive, but the purpose of expanding the regulatory machinery is to facilitate even vaster amounts of fraud. This is what happens when big organizations fail, but aren’t allowed to die. A small number of people makes off with […]
Goldman Sachs Sausage Mill: “Boy, That Timberwolf Was One Shitty Deal”
April 28th, 2010New York: Tent City Springs Up as Over One Thousand People Try to Receive an Application for a Single Elevator Mechanic Job
April 27th, 2010Can you feel the Recovery? Via: CBS: Desperate times call for desperate measures – even if it means camping out in the rain for a chance at a job application. Hundreds of job-seekers did just that in Queens in the hopes of landing a coveted union job. Construction workers, engineers, electricians — hundreds spent the […]
More American Expatriates Give Up Citizenship
April 26th, 2010Via: New York Times: Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship. “What we have seen is a substantial change in mentality among the overseas community in the past two years,” said Jackie Bugnion, director of American Citizens Abroad, […]
AIG Will Be Paying for Legal Defense of Goldman Sachs’ Top Executives; They Have Insurance Underwritten by AIG
April 25th, 2010Unless the AIG imbroglio is untangled, the rest of this is nonsense. —Elliot Spitzer: “There are no coincidences in this world. None.” Who bailed out AIG? The U.S. Taxpayer. So, who’s actually going to pick up the tabs to both prosecute and defend Blankfein and the gang? The U.S. Taxpayer. I don’t understand the significance […]
