http://hat4uk.wordpress.com/2012/01/24/revealed-how-the-value-of-the-euro-is-being-degraded-in-order-to-save-the-banks/
REVEALED: HOW THE VALUE OF THE EURO IS BEING DEGRADED IN ORDER TO SAVE THE BANKS
This is what the European Central Bank describes as its objective on the relevant EU site:‘The primary objective of the ECB’s monetary policy is to maintain price stability’
Wrong on the economics, all parties.
Krugman gets it. He has not commented on the current European knot.http://www.calculatedriskblog.com/
Last 10 Posts
- Jan 24 at 10:55 AM State Unemployment Rates "slightly lower" in December
- Jan 24 at 10:00 AM Richmond Fed: Manufacturing Activity Picks Up the Pace in January
- Jan 24 at 8:39 AM Greece: Eurozone finance ministers push for lower rates on private sector involvement
- Jan 23 at 8:46 PM FHFA Analysis on Principal Forgiveness
- Jan 23 at 6:58 PM DOT: Vehicle Miles Driven declined 0.9% in November
- Jan 23 at 3:21 PM Hotels: STR on 2011 results, 2012 forecast
- Jan 23 at 12:27 PM AP reports $25B Mortgage Settlement goes to states for review
- Jan 23 at 9:09 AM Morning Greece: Euro Zone Finance Ministers discuss possible debt deal
- Jan 22 at 9:20 PM Greece: Still no deal on debt
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From the Athens News: Eurogroup rejects PSI deal
EurozoneFrom the WSJ: EU Ministers Resume Crisis Talksfinance ministers on Monday gave the thumbs-down to a plan for private sector involvement (PSI) in the writedown on Greek debt.
...
"We told him [Venizelos] to continue the negotiations [with Dallara] until the interest rate comes down below 4 percent," Eurogroup chairman Jean-Claude Juncker told a news conference in Brussels late on Monday.
Juncker was referring to the average interest rate (annual coupon) of the new 30-year bonds that will be issued to bondholders after the haircut of 50 percent on the face value of their portfolio.
The International Monetary Fund and the euro zone's four triple-A-rated countries—Germany, the Netherlands, Finland and Luxembourg—are pushing for a low average interest rate on new bonds to be issued as part of the restructuring ...Of course Greece is a small part of the problem, also from the WSJ: Fears Mount That Portugal Will Need a Second Bailout"
"Obviously Greece and the banks have to do more in order to reach a sustainable debt level," Dutch Finance Minister Jan Kees de Jager said ... He said debt restructuring terms that ensure a sustainable debt level is "absolutely a precondition" for a second EU bailout package for Greece.
Thought police:
//www.9news.com/news/article/244370/207/Inside-terrorism-investigation-that-led-to-Aurora-mans-arrest-in-Chicago
http://www.nytimes.com/2012/01/24/business/global/24iht-inside24.html?_r=1&ref=global
Still wrong.
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Lived in the Muslim World
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Japan Debates Depictions of Young Girls in Comics
"Emer writes: What sort of causality exists between art and action? Despite having decades of this sort of material being published, I would hazard a guess that rates of pedophilia, child molestation, sexual abuse, or statutory rape are much lower in Japan than in the U.S." Well those happily adjusted comic book reading Japanese men that you posit make up a big portion of the swell guys who book sex tours to Thailand, Cambodia, or the Philippines to engage in the same pedophilia, child molestation, and sexual abuse that you think doesn't happen in Japan. and You may be correct or not depending on how stats or data are compiled in notoriously paternalistic Japan. What is not in debate is the huge number of South Asian women brought to Japan to be "entertainers", housekeepers, nannies, or the like and who then have their passports confiscated and are kept against their will in circumstances that are horrific. It is an interesting commentary that Japan has in the last few years instituted women-only subway cars in an attempt to reduce the morning commute groping. It is still unsettling to get on a subway or train and see a bunch or trench-coat wearing salary men reading comics that look like they should be in Tokyo Alien MILF Fantasy. Japan is a truly wonderful, bizarre, and incredibly conflicted society. It's unbelievably proper and correct, and incredibly nasty and misogynistic.
Very very true. I can admire much of the high culture.The culture makes monsters and they know it. -
21 Arrested in Bangladesh After Protests Over Pay
Garment industry labor leaders were among those arrested after protests over a recent increase in the minimum wage.
Real unions are the natural enemies of aristocracy.That does not make them nice.
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whiskey_mitten
see below.
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Year of the Dragon
Not much production for this video.
I still love the pops. -
Michael John Clark
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whiskey_mitten
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Lunch Line Redesign
“Better eating through behavioral psychology: Lunch Line Redesign - http://nyti.ms/aatPfh”
The lunch is important. The learning is more important. -
Scholars Return to ‘Culture of Poverty’ Ideas
“Culture as Voldemort, redux= institutionalized interactions & practices of shared understanding. Mario props! http://nyti.ms/cMV7D7”
I do regret that the concept was so poisoned.Adjusting cultures is our primary problem, world wide.
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Haitians Find Hope in Brazil
Desperate people searching for a way to go on.
Haiti must fix itself.That is impossible while it is being looted. -
Pushing New Boundaries
The problem is that this girl drill team is not pioneering.
It may be 'new' to their culture but the result is well knowneven though it is not understood.
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