Has Europe finally been saved this time? Has this latest “breakthrough” solved the European debt crisis? Of course not, and you should know better by now. European leaders have held 18 summits since the beginning of the debt crisis. After most of the preceding summits, global financial markets responded with joy because European leaders had reached “a deal” which would supposedly solve the crisis. But a few weeks after [...]
From The Reformed Broker:
Today, we have a monster of a guest post from my friend the Finance Addict who blogs over at FinanceAddict.com. FA asks why all of a sudden JPMorgan and its legal representatives have seemingly disappeared from credit card collection judgments (as per a small piece in American Banker magazine). I have no special insights or opinions on this just yet but it certainly bears watching in light [...]
by Finance Addict
The ECB Is Very P.O.’d
The big news out of Europe on Friday was not S&P’s downgrade of 9 countries, France included. The ratings agency told us weeks ago that it might do this. No, much more important was the ECB’s saying in the bluntest possible terms that the EU leaders are backtracking on the fiscal compact agreed just 5 weeks ago by 26 of the 27 countries.
The Financial Times reports that ECB boardmember Jörg Asmussen has put pen to [...]
December 13, 2011
On Sept. 21, the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) responded to confusion in the federal firearms licensing community about whether medical marijuana patients can apply for gun ownership.
Its letter refers to the Gun Control Act of 1968 and the Controlled Substances Act of 1970. An unlawful user or addict to controlled substances is prohibited from purchasing firearms or ammunition. Furthermore, presenting a medical [...]
This is the FBI’s publication on officer line-of-duty deaths.
There are some extremely important take away lessons in here, though it’s a painful read.
I’d be interested in talking over some of the incidents, what went wrong and how to keep sharp and avoid potentially falling victim to pre-emptive violence.
Some of the critical things that stood out to me:
- Bullet resistent vests are not bullet *proof* vests
- Rifles are extremely deadly
- Being [...]
PARIS (Reuters) – Fashion designer John Galliano will attend in person his trial on Wednesday over charges he hurled anti-Semitic insults at customers in a cafe in a series of outbursts that have wrecked a towering career.
Galliano, 50, was fired as creative director for fashion empire Dior in March after a video surfaced online showing him, apparently inebriated, telling a woman he “loved Hitler” and [...]
I don’t think this could work, even if the holders of that debt would allow them to do so without dumping it, because the US is a major import addict; it needs its foreign oil to function. So by devaluing the dollar all it does is make energy more expensive for Americans which hurts the economy from the other end. Then the government tax reciepts [...]
The US gov. is trying its darnedest to kick-start inflation – the only pain free way to get out from under its massive debt burdens – and frankly a weasel move. It absolutely refuses to reduce spending even though the lions share of this spending gets eaten up in pure waste paying off armies of useless middle-men and con artists. Seeing that China holds the bulk of our debt, [...]