April 19, 2013
Excel Spreadsheets, Krugman, and a Question of Logic
CNBC picked up the story in Reinhart-Rogoff Error Sparks Austerity Debate .
Hard hitting global and local news
Hard hitting global and local news
CNBC picked up the story in Reinhart-Rogoff Error Sparks Austerity Debate .
In Swiss law, private citizens can put forth any initiative that can gather 100,000 signatures. A campaign by the Swiss People’s Party to ” Save our Swiss Gold ” gathered 106,052 signatures so a vote will be coming up.
The New York Times in their article titled, " Arms Airlift to Syria Rebels Expands, With C.I.A. Aid ," admits that: With help from the C.I.A., Arab governments and Turkey have sharply increased their military aid to Syria’s opposition fighters in recent months, expanding a secret airlift of arms and equipment for the uprising against President Bashar al-Assad, according to air traffic data, interviews with officials in several countries and the accounts of rebel commanders
The Sydney Morning Herald reports RBA May Have to Cap Australian Dollar Ross Garnaut, one of the authors of the float of the Australian dollar 30 years ago, warns that the Reserve Bank might have to consider intervening to push the currency down to minimise the recession he sees coming as the mining boom goes bust. Professor Garnaut, of the University of Melbourne, says he would rather see the Reserve cushion the economy’s looming fall and bring down the overvalued dollar by cutting interest rates to bring them closer to those of other Western countries. While the International Monetary Fund forecast Australia will stay on its present track, with growth of 3 per cent this year and 3.3 per cent next year, Professor Garnaut warned that mining investment would fall from 8 per cent of gross domestic product back to its long-term average of 2 per cent.
See the original post: Boston Highlights the Illusion of Terror & Security
View the original here: FBI’s History of Handing "Terror Suspects" Live Explosives
View post: Gold, Silver Hammered; End of the Precious Metals Bull Market? What’s Next?
Read More: "Wise Men" Propose Theft to Bail Out Banks
What alternatives to “FDIC insured deposits†are out there so we can protect our money? I’m a daily huge fan and thanks for all your wonderful work. Sam P In the US, I do believe deposit insurance will be honored, but it shouldn’t be, at least on interest bearing accounts. And the only way deposit insurance could realistically work on non-interest bearing accounts was if there were regulations that banks could not lend deposits available on demand (checking accounts)
Former Portuguese Prime Minister Says "Portugal Cannot Pay Its Debts", Calls for "Argentine-Style Default" It’s rare to hear any bit of common sense from political leaders, but today I have a sterling example. Mário Soares , Prime Minister of Portugal from 1976-1978 and 1983-1985, and the 17th President of Portugal from 1986 to 1996 speaks the truth. Soares says " Portugal Cannot Pay Its Debts "