Tag: interview

Netherlands on Edge of Economic Crisis; Unemployment Surges as Home Prices Collapse
April 21, 2013 0

Netherlands on Edge of Economic Crisis; Unemployment Surges as Home Prices Collapse

By News Desk

Netherlands is underwater in more ways than one. Der Spiegel reports Underwater: The Netherlands Falls Prey to Economic Crisis More than a decade ago, the Dutch central bank recognized the dangers of [the housing] euphoria, but its warnings went unheeded. Only last year did the new government, under conservative-liberal Prime Minister Mark Rutte, amend the generous tax loopholes, which gradually began to expire in January.

Minister of Spain’s Housing Board Cites "Mortgage Scam, Illegal Evictions" Calls for Mortgage Debt Reduction
April 21, 2013 0

Minister of Spain’s Housing Board Cites "Mortgage Scam, Illegal Evictions" Calls for Mortgage Debt Reduction

By News Desk

The Minister of Public Works and Housing of the Government of Andalusia, Elena Cortes Jimenez, advocates a Reduction in Mortgage Debt for All Spanish Families . Here is a Mish-modified synopsis. Elena Cortes Jimenez, Minister of Public Works, claims eviction proceedings lead to further drying of mortgage lending, making it harder for young people to access home ownership

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?
April 16, 2013 0

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?

By News Desk

Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts

Five Alternatives to FDIC "Insured Deposits"
April 14, 2013 0

Five Alternatives to FDIC "Insured Deposits"

By News Desk

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)