Cyprus "Radical Rescue" Proposal Proves Greece Not Unique; Sovereign Haircuts Detailed in "Secret" EU Plans; Russian Connection
February 12, 2013 0

Cyprus "Radical Rescue" Proposal Proves Greece Not Unique; Sovereign Haircuts Detailed in "Secret" EU Plans; Russian Connection

By News Desk

Today the Financial Times posted news of a Radical rescue proposal for Cyprus A radical new option for the financial rescue of Cyprus would force losses on uninsured depositors in Cypriot banks, as well as investors in the country’s sovereign bonds, according to a confidential memorandum prepared ahead of Monday’s meeting of eurozone finance ministers. The proposal for a “bail-in†of investors and depositors, and drastic shrinking of the Cypriot banking sector, is one of three options put forward as alternatives to a full-scale bailout. The ministers are trying to agree a rescue plan by March, to follow the presidential elections in Cyprus later this month

‘Sequester’ Fearmongering by Obama and Republicans
February 11, 2013 0

‘Sequester’ Fearmongering by Obama and Republicans

By News Desk

Thus one should not be surprised by this can-kicking idea: Republicans Propose Job Freeze to Avert Defense Cuts Republican members of the House and Senate Armed Services committees revived a proposal to avert automatic spending cuts by reducing the federal workforce through attrition and freezing congressional salaries. The legislation would save $85 billion through Sept

Trillions for Wars, None For Cancer Stricken Children
February 11, 2013 0

Trillions for Wars, None For Cancer Stricken Children

By News Desk

Trillions for Wars, None For Cancer Stricken Children Team cures cancer with innovative treatment, child-patients stuck with staggering bills. February 11, 2013 ( LocalOrg ) – In " On the Cusp of Ending Big Pharma ," a coming revolution in biology and medicine made possible by a better understanding of genetics and gene therapy was described in detail

German Trade Surplus Hits Five-Year High; Rebalancing the Wrong Way
February 9, 2013 0

German Trade Surplus Hits Five-Year High; Rebalancing the Wrong Way

By News Desk

Looking for evidence of rebalancing in Europe? Don’t look here: German 2012 trade surplus soars despite weak December reports Germany’s trade surplus was the second highest in more than 60 years in 2012, pointing to an underlying resilience in Europe’s largest economy, although both imports and exports disappointed in the last month of the year

Japan Posts Second Consecutive Current Account Deficit; 2012 Account Surplus Lowest on Record
February 8, 2013 0

Japan Posts Second Consecutive Current Account Deficit; 2012 Account Surplus Lowest on Record

By News Desk

Reuters reports Record low current account surplus shows Japan’s challenges Japan posted its smallest annual current account surplus on record in 2012 as exports weakened and energy imports grew, a signal to Prime Minister Shinzo Abe that economic revival needs more than just a weaker yen and extra spending. The current account surplus is likely to continue shrinking as energy imports rise due to the closure of nuclear power plants and as Japanese exporters lose out to more competitive Asian rivals, economists say. Japan’s current account surplus was 4.7 trillion yen ($50.4 billion) in 2012, Ministry of Finance data showed, a figure that seems impressive.