From the Federal Reserve's web site: The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to [...]
Bloomberg: President Barack Obama said resolving the European debt crisis is of “huge importance” to the U.S. and his administration is “ready to do our part” in stabilizing the global economy. Obama said a “large part” of the annual U.S.-European Union summit was spent on the impact of the crisis in the euro- zone. He [...]
Or does everyone still think there's a solution to this mess? I just think it hasn't gotten painful enough yet. Not that I'm any fan of pain, understand. I think everyone is still way too comfortable with things "the way they are." Why do I say that? Well, nothing's changed, has it? In case you've [...]
Chicago Sun Times: "Monti forms new Italian govt with no politicians" Economist Mario Monti formed a new Italian government without a single politician Wednesday, drawing from the ranks of bankers, diplomats and business executives to make sure Italy escapes looming financial disaster. The 68-year-old former European Union competition commissioner told reporters he will serve as [...]
Taxes have consequences, and Obamacare is a tax. Reuters: Nov 10 (Reuters) - Medical device maker Stryker Corp said it will cut 5 percent, or about 1000 jobs to largely offset costs related to the scheduled implementation of the new Medical Device Excise Tax in 2013. "While it is still uncertain whether the device tax [...]
... Central Banker Now Officially In Charge Of Greece From EuropeanVoice.com: Former central banker seen as best choice to lead Greek interim government. Prime Minister George Papandreou of Greece is reported to be on the brink of resigning to make way for a government of national unity led by Lucas Papademos, a respected former central [...]
From Asian Tribune: (Article and picture at link below) Washington, DC. 07 November (Asiantribune.com): It was at the courthouse in Benghazi where the first spark of the Libyan revolution ignited. It’s the symbolic seat of the revolution; post-Gaddafi Libya’s equivalent of Egypt’s Tahrir Square. And it was here, in the tumultuous months of civil war, [...]
Well, things certainly are getting interesting: Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on [...]
As readers know, we've been following the EU debt crisis with great interest, and more than a little amusement. As the situation there has become more desperate, the lies being told become grander and grander by the day. They are also more transparently false, even ridiculous, bringing measures of mirth to this author so great [...]
News is flying by real fast. Grab your hat, it's gonna get windy. The European Central Bank (ECB) is fighting a losing battle. It is easy to tell this is so: they are telling ever-bigger lies about their soon-to-be-really-announced, no-kidding-we-really-have-a-great-plan, bailout program-of-the-hour, ever more frequently. There is no money; the ECB has invented a massively [...]
Welcome to a new kind of tension. All across the alien nation. Where everything isn't meant to be okay. - Green Day, American Idiot, 2004 Cui Bono (who benefits)? - unknown origin, but famously used by Cicero Live Greek RiotCam here. Had the new R majority in Congress begun investigations into the overt (obvious, in-your-face, [...]
Also (predictably) claims it's his idea, but who cares? IT DOESN'T MATTER WHOSE IDEA IT IS. THE ONLY THING THAT MATTERS IS THAT IT GETS DONE. http://www.youtube.com/watch?v=K0WhNKhU75Y&feature=player_embedded I have often chided the statist republicans over at Bearingdrift that they are on the wrong side of history with their support of status-quo, establishment-favorite "more of the [...]
