Category: Uncategorized

August 21, 2012 0

Greece Shortfall Rises another €2.5 Billion to €14 Billion; Proposed Solution is Zero Interest Rate on Emergency Loans

By News Desk

No one should be surprised to learn Greek Shortfall Growing Ever Larger Athens has not been having an easy time coming up with the €11.5 billion in cost cutting measures over the next two years it has promised Europe. Indeed, Greek Prime Minister Antonis Samaras is reportedly set to request an additional two years to make those cuts during meetings later this week with German Chancellor Angela Merkel on Friday and French President François Hollande on Saturday. But according to information obtained by SPIEGEL, the financing gap his country faces could be even greater.

August 20, 2012 0

Bundesbank Criticizes "Potentially Unlimited" Bond Buying Rate Cap Proposal; ECB Denies Discussion "Yet"

By News Desk

Bloomberg reports Bundesbank Widens Euro Rift With Criticism of ECB Bond Plan . Germany’s Bundesbank stepped up its criticism of the European Central Bank’s plan to embark on potentially “unlimited†government bond purchases, widening a rift over how to tackle the sovereign debt crisis.“The Bundesbank holds to the opinion that government bond purchases by the Eurosystem are to be seen critically and entail significant stability risks,†the Frankfurt-based central bank said in its monthly report today. The new program “could be unlimited†and decisions about potentially far greater sharing of solvency risks should be taken by governments or parliaments, not by central banks, it said

August 20, 2012 0

Catbird Seats

By News Desk

Posted by EliRabett at 5:36 PM   3 comments: Anonymous said… It’s interesting how Australian ecology differs from the ecologies of other continents, in terms of the nature of its trophic webs. The geological isolation of Australia, together with its ancient, nutrient-poor soils, mean that there is a great skew toward the lower trophic levels: that is, there ain’t much room for a large biomass of top predators on the continent

August 19, 2012 0

ECB Considers Interest Rate Caps; Can Such a Scheme Possibly Work?

By News Desk

Here is a link to a translated article in Der Spiegel: ECB is planning to challenge interest rate speculation The European Central Bank (ECB) is considering to establish in its future bond purchases interest rate levels for each country. Thus, they would state papers of the crisis countries always buy when interest rates exceed a certain impact on their yields German Bunds.

August 19, 2012 0

Cognitive Dissonance and Good Advice

By News Desk

Anonymous said… You think that Tony has it in for you? Well, I’d like to let you know that I have also been a victim of Tony’s not-so-righteous wrath.Not long ago, I committed the ultimate crime (in Tony’s eyes).

August 18, 2012 0

The Girl from Nanaimo

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