Friday, November 18, 2011

@9:20, 11/17/11 2

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Your choice always.
No personal debts.


http://www.bbc.co.uk/news/business-15786715


Markets slide further on eurozone fears

Market Data

Last Updated at 00:39 ET
Market index Current value Trend Variation % variation
Dow Jones 11770.73 Down -134.79 -1.13%
Nasdaq 2587.99 Down -51.62 -1.96%
S&P 500 1216.13 Down -20.74 -1.68%
FTSE 100 5423.14 Down -85.88 -1.56%
Dax 5850.17 Down -63.19 -1.07%
BBC Global 30 5415.94 Down -16.17 -0.30%
Share prices in the US and Asia have slipped further on anxiety at the seemingly unsolvable eurozone crisis.
Japan's Nikkei 225 index was down 1.6%, while South Korea's Kospi fell 2%, following a sharp sell-off on Wall Street overnight.
On Thursday, Spain's borrowing cost at an auction of 10-year bonds was almost 7% - a level seen as unsustainable.
Markets await details of how the size eurozone bailout fund will be increased to 1tn euros (£855bn, $1.3tn).
There are fears that European leaders may be unable to agree a specific way to boost the European Financial Stability Facility (EFSF), although they have agreed in principle for the need to do this.
Hong Kong's Hang Seng shed 1.9% and Australia's ASX 200 1.6%, following a 1.1% fall in the Dow Jones on Thursday
http://tpmdc.talkingpointsmemo.com/2011/11/super-committee-republicans-work-the-refs.php?ref=fpa_beta


Fast forward three and a half months, Republicans now want to use the Super Committee report as a vehicle for making all the Bush tax cuts permanent. But compared to current law, that scores as an even bigger tax cut — it drops trillions of dollars in projected revenue off a cliff.
So to make the math work out, they want to revert to what’s known as a “current policy baseline.” Since the Bush tax cuts are in effect right now (i.e. they’re “current policy”), extending them forever is budget neutral compared to that baseline. The only difference, as far as deficits are concerned, is about $4 trillion over the next decade. But what’s $4 trillion between friends?
This isn’t about reducing deficits. It’s about getting what they want regardless of the actual state of the federal budget.


http://www.economist.com/blogs/freeexchange/2011/11/euro-crisis-11

Hopeless



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