Hard hitting global and local news
See the original article here: ECB Ponders Buying Toxic Debt of the Periphery; Don’t Worry, It Will Be "Fiscally Neutral"…
See the article here: US "Pivot" Toward Asia Trips in Malaysia
Visit site: ICYMI*, Chait’s optimist take on Obama and climate
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Originally posted here: Self-Serving Recommendation of the Day: Visa Asks Spain to Lower Limit on Cash Transactions
Here are a pair of interesting You-Tube videos on fractional reserve lending sent by reader Magnus who lives in Sweden. Godfrey Bloom Blasts Fractional Reserve Lending as Fraud “The problem that we have is a flawed banking system, a fractional reserve banking system where bankers can lend money they don’t have. If you go back in time in the United States to the 1850s, that was a capital offense
President François Hollande’s popularity has sunk to a new low of 24%. Rather than blame his own policies for the huge rise in unemployment and the lack of competitiveness in France, Hollande pins hopes of fresh start on cabinet reshuffle .
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.
The spotlight is once again on Slovenia. Olli Rehn, the European commission’s economic chief is unhappy with economic progress in Slovenia and is threatening to put the country into an “excessive imbalances procedure” by the end of the month.