Author: News Desk

Can Greece Print Euros? No, Not Really; Parallel Currencies Now in Use
July 6, 2015 0

Can Greece Print Euros? No, Not Really; Parallel Currencies Now in Use

By News Desk

The Guardian discusses practical math in With a Return to the Drachma Unwanted, Could Greece Just Print its Own Euros? It is certainly physically capable of doing so: the Greek central bank owns a press in Holargos, a suburb of Athens, that once printed drachma and is currently one of 14 high-security currency printing works across the eurozone producing euro banknotes. But actually going ahead and printing unauthorised notes would amount to a declaration of war on the European Central Bank.

China Attempts to Prop Up Stock Market After Steep Declines; 1929 Flashback
July 6, 2015 0

China Attempts to Prop Up Stock Market After Steep Declines; 1929 Flashback

By News Desk

Also consider Investors Still Not Convinced by Beijing’s Bid to End US$2.8 Trillion Market Rout . The brevity of a relief rally on Monday morning shows investors are yet to be convinced by the slew of measures announced after a weekend meeting of the State Council, China’s cabinet, chaired by Premier Li Keqiang.“Senior policymakers realise that, because of the leverage in the system, stock market declines create a ripple effect that could damage the wider economy, so this is all about preventing a spreading panic that could trigger a systemic crisis,†Lu Ting, head of research at Hong Kong-listed mainland brokerage HTSC, told the South China Morning Post. An initial 7 per cent rally for Shanghai and Shenzhen A shares in response to measures that included liquidity support for the state-backed margin lender China Securities Finance Corporation from the central bank had faded by the lunch break, with the Shenzhen Composite Index falling back into negative territory

Overwhelming "No" Vote; The Way Forward; Congratulations!
July 5, 2015 0

Overwhelming "No" Vote; The Way Forward; Congratulations!

By News Desk

Instead, Greece Heads for Decisive No Vote . With 85 per cent of votes counted, the No camp had won 61.5 per cent and was leading in every region of the country, a remarkable political exploit by Greek prime minister Alexis Tsipras. But it is also likely to plunge Greece deeper into turmoil as it tries to prevent the collapse of a financial system that is rapidly running out of cash.“As of tomorrow, with this brave ‘No’ vote, we will call on our partners to find common ground,†said Yannis Varoufakis, Greek finance minister

The Amazon is Cool
July 3, 2015 0

The Amazon is Cool

By News Desk

Tweet Well, it’s summer in the North, and the birds are singing, the bunnies, well, you know what, and people all over are sweating.  It has been particularly bad in Europe, the Western US, and disastrous in South Asia, both India and Pakistan . As Eli could have told you the search is on for excuses, especially in light of new papers which attribute and increase in heat waves to climate change

Pilot Pulls Wrong Throttle, Kills 43; Tennessee Train Crash Releases Toxic Fumes, 5,000 Evacuated; Robot-Preventable Accidents
July 2, 2015 0

Pilot Pulls Wrong Throttle, Kills 43; Tennessee Train Crash Releases Toxic Fumes, 5,000 Evacuated; Robot-Preventable Accidents

By News Desk

Please consider TransAsia Crash Pilot Pulled Wrong Throttle, Shut Down Sole Working Engine . The captain of a TransAsia Airways ATR mistakenly switched off the plane’s only working engine seconds before it crashed in February, killing 43 people, Taiwan’s Aviation Safety Council (ASC) said in its latest report on Thursday. The ASC’s report also showed that Captain Liao Jian-zong, who was at the controls, had failed simulator training in May 2014, in part because he had insufficient knowledge of how to deal with an engine flame-out on take-off