Hard hitting global and local news
Please consider Penalties blamed for taking high-end dining off menu . The annual survey of the 7500- member Restaurant and Catering Australia reveals a 33 per cent jump since 2011 in the numbers of restaurateurs saying they cannot afford to open on public holidays.
Bringing 21st Century coal to Newcastle. I mean, to China
Links NATO Terrorists in Syria Attack Kurdish Minority January 27, 2013 (LD) – The Western media and Western government representatives from the United States and across the European Union, still insist that the sectarian bloodbath unfolding in Syria, fueled by US, British and EU weapons and cash, is a so-called "pro-democracy" uprising.
See the original post: How to Debate Paul Krugman: "Ask Questions Like a Child"
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. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves
See more here: The Web Page Editors Invite George Will to Bend Over and Cough
Read the article: Debt Grows at Astonishing Rate Even in Texas; A Roadmap to Better; "It’s Your Money"; Infinite Amortization…
The authors are to be commended for their willingness to engage in extensive publicdiscussion of their paper. As ER has remarked , this paper is an archetypal of a class of nonsense which attracts axe grinders, obsessives and the willing to be confused Eli has learned over the years that all sorts of strange people write the same paper, very long, very hard to follow and very wrong. These papers and their defenders play the Gallileo card early and often
Here is a chart from the Telegraph article UK heads for triple dip as GDP contracts 0.3pc to consider. Double Dip? The blue rectangles are mine.
While pondering what Dragi knew or didn’t, let’s turn our focus on actual losses. Reuters reports Monte Paschi Shares Plunge on Derivative Loss Fears Shares in Banca Monte dei Paschi di Siena, Italy’s third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009