September 19, 2014
Lesson of the Day: The Political Class Always Wins
Originally posted here: Lesson of the Day: The Political Class Always Wins
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Hard hitting global and local news
Hard hitting global and local news
Originally posted here: Lesson of the Day: The Political Class Always Wins
Today the Financial Times reports ECB’s Lending Spree Short of Expectations . The European Central Bank’s first offer of cheap four-year loans has fallen short of expectations, dealing a blow to president Mario Draghi’s hope of sustaining the eurozone’s ailing economy by expanding the central bank’s balance sheet. Banks borrowed €82.6bn through the first of the ECB’s Targeted Longer-Term Refinancing Operations, or TLTROs, one of policy makers’ big ideas to revive the currency area’s recovery.
Terronoia Theater Presents: Staged ISIS Attacks Provoking war abroad raises specter of staged attacks at home. September 18, 2014 (Tony Cartalucci – LD) – The FBI has foiled yet another entirely fabricated terror threat of its own creation, with missing mechanisms in two firearms provided to a potential terrorist being the only thing that prevented this latest case of entrapment from going "live." A Rochester man, Mufid A. Elfgeeh, is accused by the FBI of attempting to provide material support to ISIS (undercover FBI agents), attempting to kill US soldiers, and possession of firearms and silencers (provided to him by the FBI). The FBI’s own official press release stated  (emphasis added): According to court records, Elfgeeh attempted to provide material support to ISIS in the form of personnel, namely three individuals, two of whom were cooperating with the FBI
Read more here: Companies’ Stock Buybacks at Biggest Pace Since 2007; Companies Rewarding Investors?
View the original here: Venture Capital Risk Taking and Cash Burn Rates Unprecedented Since 1999; 47% of Nasdaq in Bear…
A Financial Times headline portrays falling prices as a negative thing: Deflation Takes Shine Off Sales for Italy’s Shopkeepers .
Sure enough, Valls wins confidence vote and vows to press on with France reform . France’s prime minister on Tuesday vowed to continue his reformist drive as he won a crucial confidence vote to strengthen his hand in efforts to restart the country’s faltering economy. Manuel Valls said restoring competitiveness was “indispensable†for reigniting growth yet he stopped short of touching the 35-hour working week or other closely held symbols of his Socialist party’s left.
Counting Sheep: French Government Faces Second No Confidence Vote in Six Months Second No Confidence Vote in Six Months In spite of the fact the Socialist party holds a majority of just 1 in the 577-seat lower house, French prime minister Manual Valls hopes to stabilize things with a Second No Confidence Vote in Six Months . Mr Valls could see a narrowing of his majority compared with the vote when he was first appointed prime minister at the end of March after a big socialist loss in local elections. Then he won by a margin of 306 votes to 239 against, with 26 abstentions.“Valls is politically and economically archaic
Please consider Almost Half of Wealthy Chinese Want to Leave . Nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey