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Winning Progressive
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Bank Said No? Hedge Funds Fill a Void in Lending
“Bank Said No? Hedge Funds Fill a Void in #Lending - http://nyti.ms/jMVYJX #banks #fraud #crisis #wallstreet”Twelve percent doubles the debt every five years.Rates above nine percent were considered usury and criminal in a more regulated time.Endless credit can be had for a price.I am not about to pay that price.Nations will not pay that price.
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Deb
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Does IMF Stand for Impressive Macroeconomic Flexibility?
So the IMF is holding a meeting on rethinking macroeconomic policy (I was invited but couldn’t make the timing work.) And the Fund’s chief economist has already made it clear that he’s open to some serious revision of the prevailing paradigm.
http://topics.nytimes.com/top/reference/timestopics/organizations/g/group_of_20/index.html?scp=1-spot&sq=g20&st=cse
Meeting in Mexico.This is not four to five hours in advance of New York.Paul Krugman is in the British Isles.
http://hat4uk.wordpress.com/2012/02/26/analysis-ezone-iran-china-is-us-hegemony-about-to-unravel/
He likely has the facts.His editorial content is questionable.At a guess the problem on the table is getting through the next eleven months.World domination is subordinated to survival.
http://www.telegraph.co.uk/finance/financialcrisis/Osborne: no bailout without credible firewall
Britain and other leading economies are not ready to fund another eurozone bailout, UK Chancellor George Osborne said on Sunday.
26 Feb 2012| 5 CommentsOsborne rules out new Eurozone bailout
Chancellor says extra funds will not be handed over until euro countries commit resources, as ministers meet at G20 summit.
26 Feb 2012| 112 CommentsGeithner: Europe must build 'stronger and more credible firewall'
US Treasury Secretary Timothy Geithner has urged European leaders not to rest on the recent progress they've made in tackling a crisis that remains "deeply consequential" to the prospects of a global economic recovery.
25 Feb 2012| 20 CommentsGerman minister calls for Greek euro exit
Germany’s interior minister called for Greece to leave the eurozone on Saturday as hopes that the world’s richest countries would stump up more cash to help the International Monetary Fund fight Europe’s debt crisis faded.
25 Feb 2012| 321 CommentsSoaring oil prices will dwarf the Greek drama
Since last week's eurozone "grand summit", the headlines have been positive and, in the official photos anyway, the main players appear to be smiling. As such, the global equity rally goes on.
25 Feb 2012| 521 CommentsWorld Bank chief: Greece's €130bn bailout merely buys it time
Outgoing World Bank chief Robert Zoellick has warned that Greece's latest bailout would merely buy it time, adding that a European recession would hamper crucial reforms needed to lift the area out of the crisis.
25 Feb 2012| 133 Comments
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Drones for Hire
Eavesdropping is never polite.
Attempts at regulation are inevitable. -
Bill Appledorf
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As Finances Tighten, Furloughs Give Way to Pay Cuts
Local and state governments, as well as some companies, are resorting to wage reductions, often to avoid layoffs.No decent manager will pay more than is required to get the desired person to do the specified job.Pay cuts in any form will not happen. Jobs will go unfilled first.The only practical way to reduce costs for personnel Is to reduce personnel.
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Elizabeth Fuller
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Friends With Benefits
Goldman makes its money by pandering to investors.Goldman will do fine. The other parties will not.
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