Month: March 2013

March 19, 2013 0

From Smoldering Ashes Comes Good News of Reality

It’s easy enough to focus on the smoldering ashes of the politically and economically insane move in Cyprus by the heavy-handed bureaucrats in Brussels and Germany. Instead, I suggest we focus on the bright side, and there is plenty to be found. The nannycrats have been permanently exposed as liars Trust is gone Everyone can now clearly see that deposit guarantees were a lie Realization has set in that in spite of nannycrat denial, this will happen again The move in Cyprus will strengthen the Five Star Movement in Italy The move in Cyprus will embolden the separatists in Spain The move in Cyprus will strengthen UKIP in Great Britain The move in Cyprus is even likely to strengthen Alternative fÃ¼r Deutschland (AfD) Eurobonds and joint budgets are exposed as dead In Germany, Merkel is likely to have won a Pyrrhic victory (if indeed she won anything at all) Sensible people now realize all this talk of European solidarity is a gigantic lie Even ardent supporters of the eurozone are now starting to question its existence That is one heck of a lot of good things for the bargain basement price of a mere €5.8 billion

March 19, 2013 0

US Unemployment Rate Rose in 25 States, Fell in 8, No Change in 17

By News Desk

Meanwhile, back in the US, USA Today reports jobless rates rose in 25 states, D.C. Unemployment rates rose in 25 states and the District of Columbia in January, but almost half the states posted rates significantly lower than the national 7.9%, the government reported Monday.

March 18, 2013 0

Cyprus Banks Closed Until Thursday; "Solution is Feasible, Can Be Extrapolated to Spain", Says Spanish Economist; Lies of the Day

By News Desk

Direct robbery of Spanish citizens would net Spain about €120 Billion according to economist NiÃ±o Becerra who says ” Cyprus Solution is Feasible, Can Be Extrapolated to Spain ” Santiago NiÃ±o Becerra, Professor of Economics at the University Ramon Llull in Barcelona, says a tax as imposed on Cyprus in exchange for bailout, would be possible and that “it is very clean, unlike a freeze all balances, which would be a mess.” Through his twitter account, NiÃ±o Becerra says it would be more painful for Cypriots if “the bailout were to occur in the form of public debt.” The Spanish government was quick yesterday to claim the Cyprus solution was not applicable to other countries.

March 18, 2013 0

Put a German Flag in Cyprus; Poker or Chicken? Cyprus Archbishop Says "Leave the Eurozone and Readopt the Cyprus Pound"

By News Desk

EU officials are now swarming over Cyprus threatening to cut off funds to Laiki , Cyprus’ second largest bank if the deal does not go through. Nonetheless, Cypriot politicians are balking because they know what will happen to those who go along with EU blackmail threats

March 18, 2013 0

Merkel Says "Cyprus is a Special Case" (So was Greece); Is Spain the Next "Special Case"? Portugal? Merkel Guarantees German…

By News Desk

The pertinent question for today is “How many lies will people believe?” I ask that because a German government spokesman says The compulsory levy to pay the depositors in Cyprus, was a special case as Merkel guarantees German deposits for the first time since 2008. The compulsory levy to pay the depositors in Cyprus, is a “special case”, says the Chancellor.

March 18, 2013 0

Cyprus Bailout Math; Can Depositors Be Left Whole?

By News Desk

Inquiring minds are wondering about the terms of the bailouts imposed upon citizens of Cyprus. I am one of them. In Cyprus Details: Blackmail, Bulldozer Threats, Bank Holiday to Tuesday; Reflections on Arrogance and Idiocy , I made the claim that Cyprus depositors need not be liable for any of this

March 17, 2013 0

Going Vertical

By News Desk

Jos Hagelaars has spliced together Shakun et al, Marcott et al, HadCRUT4 and the A1B scenario Hogelaars points out that Marcott pretty much agrees with previous work where there is overlap and it is indeed a wonder how many posts that Willard Tony’s gang is generating on this. As for climate audit, well in Jos’ words the “statistical wonderboy McIntyre blogs merrily along. The reader would otherwise come to the conclusion that humans strongly influencing the climate, and of course that is not exactly desirable.” An important point in Marcott is that it pretty well delineates the start of the Anthropocene , about 150 years ago, when we added the blade to the hockey stick Google does a fair job translating and Eli will not step on Jos and Bart’s toes by attempting same (Dutch is close enough to German that Eli can Grok it given incentive)

March 17, 2013 0

Happy Birthday Nat

By News Desk

Sunday, March 17, 2013 Posted by EliRabett Rabett Run Subscribe Rabett Run Posts Posts Comments Comments Contributors Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves.

March 17, 2013 0

Cyprus Details: Blackmail, Bulldozer Threats, Bank Holiday to Tuesday; Calls to Exit Eurozone; Reflections on Arrogance and Idiocy

By News Desk

As details of the EU’s heavy handed blackmail of Cyprus come pouring in, the volatile reactions mount as expected. Cyprus President Statement on Confiscation of Accounts 5

March 17, 2013 0

A Night in Doolin

By News Desk

Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional.