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by Michael Krieger, Liberty Blitzkreig: Coming off the heels of a fantastic performance in recent local elections, the UKIP under the leadership of Nigel Farage continues to make waves in both the UK and the Continent itself. In this case, I refer to a recent powerful performance at the European Parliament courtesy of Godfrey Bloom (UKIP), member of the European Parliament. For many years, I have stated that Ben Bernanke was and is committing crimes [...] The same man who called for a united Europe and spearheaded the euro currency in 1999 , Germany’s former finance minister Oskar LaFontaine has formally retracted his support for the troubled currency, and is calling for its abandonment. Consistently weak data and little upward momentum in recovery has caused severe doubts about the shared financial responsibility that comes along with the continent-wide currency. The current trajectory of the euro, LaFontaine argues, is [...] Richard Evans European politicians will take the “easy option” of taking money from the rich rather than raising taxes and cutting spending to deal with the continent’s debt problem, Lars Christensen, the head of Saxo Bank, said. Asked if the raid on uninsured savings in Cyprus would be repeated, he told City AM: “There will be future bail-ins [loss of deposits] and other types of confiscation of wealth in [...] An explosion ripped apart the cashpoint in a petrol station in a quiet Hampshire village, shaking homes, on Sunday morning and showering the floor with money. Now police have warned people using cashpoints to beware of wires and cables leading to them which may be connected to a bomb. On the continent the number of cases of explosions being used to open cash machines has risen sharply in recent years, and has [...] zerohedge‏@zerohedge39 s zerohedge‏@zerohedge1 min Per Reuters, the European Parliament has just officially announced what ECB head DieselBOOM said did not say yesterday, which caused the market to roll over yesterday- that Cyprus is indeed a Eurozone wide template, and the Eurozone has full intentions of following the bail-in model throughout the rest of [...] voanews.com European leaders are gathered in Brussels for another summit, facing new concerns that their austerity policies are adding to the continent’s unemployment problem and weakening the chances for an economic recovery. Thousands of workers gathered outside the summit meeting place Thursday to protest the austerity policies that European governments have embarked on to cut their deficits and long-term debts. The European Union leaders were faced with a new report [...] THE HAGUE, Netherlands (AP) – Organized crime gangs have fixed or tried to fix hundreds of soccer matches around the world in recent years, including World Cup and European Championship qualifiers and two Champions League games, Europol announced Monday. The European Union’s police agency said an 18-month review found 380 suspicious matches in Europe and another 300 questionable games outside the continent, mainly in Africa, Asia and South and Central America. [...] As the Eurozone flails about to keep its chin above the debt crisis that is drowning periphery countries, and as the European Union struggles to duct-tape itself together with more “integration,” that is governance by unelected transnational eurocrats, Sweden is having second thoughts: never before has there been such hostility toward the euro. Sweden is a special case. It joined the EU in 1995 after its people had graciously been allowed [...] The European Union on Tuesday backed down from a controversial plan to charge international airlines for the pollution they create on flights to and from the continent, facing retaliation from the U.S., China, and India and other nations who said it encroached on their sovereignty. European Climate Commissioner Connie Hedegaard called for the bloc to “stop the clock” on the emissions trading system, or ETS, giving the International Civil Aviation Organization (ICAO) another year to come up with a global solution [...] AFP - A Senegalese-born French fashion designer realised a long-held ambition when she staged the first ‘Black Fashion Week’ in Paris aimed at bringing African talent to a global audience. Adama Ndiaye launched the event to showcase the best the continent has to offer but dismissed criticism that it excluded others who were not black. “‘Why not a White Fashion Week?’ some have asked. But Paris Fashion Week is already white!” said Ndiaye, [...] Spot the divergence in the chart below, which compares the unemployment rate in the Eurozone and in the US. In July European unemployment rose to 11.3% – a record post-Euro rate, and the highest since 1990 for the constituent countries. While this was in line with estimates, what surprised the market, and has sent the EUR paradoxically higher (paradoxically, because all a continent in stagflation, which Europe by now most certainly [...] Brussels! The home of the Eurotards. People over here are still in denial! Overall, I have been surprised this summer in Europe how many people I have spoken to who appear quite intelligent that have no understanding of the amount of shit that the Eurozone is in right now. I kept hearing these Eurotards saying something like,
“The Euro will be ok, they just need to contain the crisis and everything will be [...] While Europe is once again experiencing one of its brief, manic episodes of inexplicable euphoria sending all risk assets in the continent higher while everyone is still on vacation (and ahead of a surge in Spanish bond issuance in September, which only spikes even more in 2013 – more shortly), its banks have quietly run out of dollars again. Certainly, looking at the now irrelevant metric known as Libor which [...] The euro-zone crisis has striking parallels with our experience in two world wars, when the United States mistakenly calculated that Europe could solve its own foreign policy problems and that Americans were immune from the consequences of the Continent’s failure to do so. Europe’s failure twice plunged the world into war. In today’s globalized economic world, Europe’s failure to resolve its financial crisis could plunge the world into economic chaos. This [...] Here is the satellite image of the north pole. Huge Low Pressure system rotating. http://www.weatheroffice.gc.ca/satellite/animateweb_e.html?imagetype=satellite&imagename=hrpt_dfo_ir_m_………………jpg&nbimages=1&clf=1 And the satellite image of Antarctica. http://amrc.ssec.wisc.edu/data/view-data.php?action=view_animation&product=satellite/composite/IRHOURLY-683 The weather is really getting weirder and weirder. Something is changing real fast! The Cyclone especially at the North Pole is rare for this time of year (Mid-Summer) as the north pole is usually dominated by a high pressure ridge which equates to calmer and fair weather. As for the Antarctic. I also worry, [...] France’s central bank is expecting the country to slip into recession during the third quarter. The Banque de France said today that it expects Europe’s second biggest economy to contract by 0.1 per cent in the third quarter, which ends on September 30. The bank had already predicted that the economy would shrink the same amount in the second quarter. Bleak outlook: Banque de France is preparing for the country to sink into [...] From The Myanmar Times: Investor Jim Rogers, Chairman of Rogers Holdings, Beeland Interests Inc, and co-founder of the Quantum Fund, is bullish on Myanmar’s growth, dubbing it, “probably the best investment opportunity in the world right now.” Mr. Rogers, a fan of long-haul cross-continent journeys, first visited Myanmar in 2001 where he says he fell in love with the country and realized its tremendous untapped potential. “I saw a disciplined, educated, ambitious workforce,” said [...] I found the following chart interesting: First, it really hits home how little of the world population lives in the west hemisphere. Second, it shows how similarly lopsided the North American population distribution is. For example, despite large cities like LA, the NA west (i.e., west of the Rockies) has a surprisingly small fraction of the total continent’s population. Water plays a big role in that, of course, but there are plenty of [...] Serving tuna with a Geiger counter The finding reported last week that bluefin tuna caught off southern California carried low levels of nuclear radiation from Japan was another signal the world’s food chain could be compromised. [...] An ocean and a continent away [from Japan], the premier New York City seafood restaurant Le Bernardin now refuses all fish from Japan, while using a Geiger counter on [...] (Reuters) – Signs are growing that Europe’s economic and monetary union may be fragmenting faster than policymakers can repair it. Euro zone leaders agreed in principle on June 29 to establish a joint banking supervisor for the 17-nation single currency area, based on the European Central Bank, although most of the crucial details remain to be worked out. The proposal was a tentative first step towards a European banking union that could [...] EU Parliament throws out legislation after months of protests Steve Watson The global Anti-Counterfeiting Trade Agreement (ACTA), arguably the most draconian internet control legislation penned thus far, has been overwhelmingly rejected by European lawmakers following months of protests and activism undertaken by thousands across the continent. In January of this year, twenty-two of the 27 EU states joined other countries, including the United States and Japan, in signing on to ACTA. [...]
BRUSSELS — Working through the night in the face of pressure from the embattled euro zone countries Italy and Spain, European leaders agreed early Friday to use the Continent’s bailout funds to recapitalize struggling banks directly, according to the European Council president, Herman Van Rompuy. The decision, by leaders of the 17-nation euro zone, would allow help to banks without adding directly to the sovereign debt of countries, which has been [...] June 21 (Bloomberg) — Lee Buchheit, a partner at Cleary Gottlieb Steen & Hamilton LLP who represented Greece in its debt restructuring, predicts the Eurozone countries will have to double to 1 trillion Euros the money they’ve set aside to solve the sovereign debt crisis continent-wide. Rather than Spain or Italy, tiny Cyprus is likely to be the next European nation to seek a bailout, he tells Bloomberg Law’s Lee [...] A bitter fallout from a hasty union
From FT:
“Marry in haste; repent at leisure.” Full of impetuous ardour, Germany’s partners seduced – some might say blackmailed – the continent’s most powerful economy into sacrificing monetary independence two decades ago. But, as the prince in Giuseppe di Lampedusa’s Leopard remarked of his own indissoluble union: “Fire and flames for a year; ashes for thirty.” Now is the eurozone’s time of ashes. Heads of government of [...]
June 18, 2012
After about an hour’s worth of air traffic congestion delays around JFK airport, I finally departed New York City yesterday evening en route for Vilnius, Lithuania… one of my favorite inconspicuous corners of Europe. The route took me through Helsinki, Finland for a brief connection, and I was on the ground long enough to witness something truly bizarre: a complete and utter lack of people. I could practically count on two hands the number [...] “When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.” “The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.” “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of [...] |
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Internal Auditor At A Major Bank: ‘In The US They Can Be Very Uncooperative’
t the request of the interviewee no further details are given.
Her team is a kind of internal police force that investigates incidents, errors and suspicions of fraud inside the bank. She loves it. “A few weeks here, then on to the next assignment – which may be on a different continent. It’s high adrenaline work. You go in, you have a very short time to come to an understanding of [...]