April 30, 2013
I challenge anyone to prove me wrong that confiscation of bank deposits is legalized daylight robbery
Bank depositors in the UK and USA may think that their bank deposits would not be confiscated as they are insured and no government would dare embark on such a drastic action to bail out insolvent banks.
Before I explain why confiscation of bank deposits in the UK and US is a certainty [...]
August 24, 2012
Color us unsurprised; but the UK’s Independent is reporting that American officials are worried that if the Troika decides Greece has not done enough to meet its deficit targets, it will withhold the money – triggering Greece’s exit from the eurozone weeks before the presidential election. British government sources have suggested the Obama administration is urging eurozone Governments to hold off from taking any drastic action before then [...]
Breaking up with his girlfriend forced one lonely guy to take drastic action – and he ended up reaching out to thousands of people all over the world.
When a devastated Jeff Ragsdale, a stand-up comedian and actor from New York, was left ‘near suicidal’ after breaking up with his girlfriend, he realized he felt like the loneliest man in the world in a city of more than eight million.
So Jeff [...]
French Foreign Minister hopes Russia will agree to invoking UN’s Chap. 7
It allows the use of force to impose a peace plan on Assad’s brutal regime
Echoes UN peacekeeping chief’s comments that Syria now in ‘civil war’
Hilary Clinton had said she was worried Russia was sending helicopters
Russia replies by saying U.S. is supplying rebels with weapons
France has called for the United Nations to enforce envoy Kofi Annan’s six-point peace plan for [...]
Senior European officials last night issued a grave warning that the very survival of the euro is at risk as the crisis in Spain threatens to tear the region apart.
Politicians and central bankers said the situation in the eurozone was unsustainable and drastic action was needed to prevent the ‘disintegration’ of the single currency.
They spoke out as European leaders scrambled to stop the financial crisis in Spain spiralling out of [...]
In its annual assessment of the UK, the Bretton Woods institution called for drastic action by the authorities to underpin the recovery because the strategy of handing off “from public to private demand-led growth has not fully materialised”.
Abandoning the Government’s deficit cutting strategy with a fiscal giveaway would be the last resort, the IMF stressed, and only if “the recovery fails to take off” after all else had failed.
Outlining a [...]
Officials on Hawaii’s Big Island have taken action with a new law making ‘incessant barking’ an offence
Police can write barking tickets, fine noisy dog owners and remove an uncontrollable yapper to a pound
Dog owners in Hawaii are turning to pet psychologists to save their animals from a draconian new law that makes ‘incessant barking’ an offence.
Hawaii’s Big Island may boast idyllic scenery but it is overrun by pet dogs and [...]
General Motors CEO Dan Akerson sat down for an interview with Fortune Magazine’s Adam Lashinsky and admitted that the Detroit automaker might close some of its European plants.
“In the U.S., GM was able, through an extraordinary set of circumstances, to take some drastic action: you closed whole factories, you closed whole historic brands in the United States. Can you take, and will you take, drastic action like that in Europe?” [...]
SAN FRANCISCO (MarketWatch) — Iceland. The mere mention of this rocky island outpost used to send chills down the spine of over-leveraged nations worldwide.
No more. What was once the poster child for economic excess has emerged a role model for countries struggling to save their bacon in the global bond market.
Fitch Ratings on Friday raised its credit rating on Iceland to BBB- from BB+. The move marks [...]
The euro is a train wreck. Here’s how to solve one of our most urgent economic problems.
January 31, 2012 |
The dilemma Europe now faces is complicated — not least because the European Union comprises 27 separate sovereign nations and the euro area, where the chief problems lie, is a currency union that has 17 members itself. Beyond that, the euro is flawed both in design and in execution. It hearkens back [...]
by Mike “Mish” Shedlock
American Airlines filed for bankruptcy in November 2011. Here is the question at hand: Will Taxpayers Be On The Hook For American Airlines’ Pensions?
American Airlines needs $18.5 billion to cover its pension promises to current and former employees, but it has only set aside $8.3 billion.
American Airlines is asking the bankruptcy court for permission to drop its pension plans. If the court allows that, the plans will be taken over [...]
The ECB cut its growth forecast for next year to 1.6pc from 1.9pc, and to just 1.3pc in 2013 Photo: PA
German finance minister Wolfgang Schauble said there will be no more money until Grecce “actually does” what it agreed to do. “I understand that there is resistance among the Greek population to austerity measures. But in the end it is up to [...]
Monica Almeida/The New York Times
Helen Nenadal, who has worked for the city of Costa Mesa, Calif., for more than 30 years, was one of hundreds of city workers to receive a pink slip.
COSTA MESA, Calif. —To solve a looming pension crisis and budget gap, city officials said, they needed to take drastic action. Now everyone agrees on one thing: they did.
Nearly half of this city’s workers [...]