April 11, 2012
(Budapest) Hungarian police should immediately revoke their decision to refuse planners of the 2012 Pride March permission to pursue their chosen route, Human Rights Watch said today. The march should be allowed to go ahead as planned on July 7. The police also have an obligation to facilitate the peaceful passage of the Pride March, protect the safety of the participants, and ensure that anti-gay protesters are not [...]
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Tariq Malik The meteor explosion over Russia that injured more than 500 people and damaged hundreds of buildings was not caused by an asteroid zooming close by the Earth Friday afternoon, a NASA scientist says. NASA asteroid expert Don Yeomans, head of the agency’s Near-Earth Object Program Office, told SPACE.com that the object which exploded over a thinly inhabited stretch of eastern Europe today was most likely an exploding fireball known as [...] In 1970, after a WW2 boom, the PEOPLE of the “free” world only buy that much, while the companies produced double than what people could ever buy. Instead a 50% unemployment (read world wide anarchy) the chosed the safer and better way : LOAN money to people, at very low interest. A great boom followed : the 1974-1987 boom.The boom was sustained by a healthy 4-5% natural growth, “delivering” more babies, so more workers, [...] news.yahoo.com U.S. Secretary of State Hillary Rodham Clinton warned Thursday about a new effort by oppressive governments to “re-Sovietize” much of Eastern Europe and Central Asia, taking particular aim at Russia for its crackdown on democracy and human rights groups just hours ahead of critical talks with that country’s foreign minister. Clinton’s meeting with Russian Foreign Minister Sergey Lavrov will focus on the violence in Syria. They’ll be joined in [...] Britain is facing a new wave of Eastern European immigration which will put British workers’ jobs at risk, experts have warned. Twenty nine million Bulgarians and Romanians will gain the right to live and work unrestricted in Britain in 2014 under European “freedom of movement” rules. Last night forecasters said it could lead to a significant number of new arrivals, in the same way as when Poland and other Eastern European countries gained the same rights [...] World food prices jumped 10 percent in July-World Bank “World food prices jumped 10 percent in July as drought parched crop lands in the United States and Eastern Europe, the World Bank said in a statement urging governments to shore up programs that protect their most vulnerable populations.” Drought-stricken farmers forced to sell off cattle The US charged Pfizer and its subsidiary Wyeth on Tuesday with paying millions of dollars in bribes to build their business in Eastern Europe and China, and set hefty fines on the two to settle the charges. The Department of Justice and the Securities and Exchange Commission both said Pfizer subsidiaries paid off officials, doctors and healthcare professionals in Bulgaria, China, Croatia, Czech Republic, Italy, Kazakhstan, Russia, and Serbia during 2001-2007 in violation of the US Foreign Corrupt [...] From bclund: If you were around and old enough to remember 1980 (I was), then you know that the “mood” in America back then was terrible. Mortgage rates were at 20%, gas prices adjusted for inflation were near all-time highs, unemployment was at historically record highs, and we were in a recession. But worse than that, as Americans we felt pretty bad about ourselves. The Soviet Union had built up its military as ours [...] Spain is battling to avert a fully-fledged sovereign rescue after borrowing costs spiralled out of control, with dangerous knock-on effects in Italy and Eastern Europe.
The yields on closely-watched two-year debt surged by 78 basis points to a modern-era high of 6.42pc, leaving it unclear how long the country can continue funding itself. Italy’s two-year yields vaulted to 4.6pc. “We can’t keep going like this for another 15 days,” said Prof Miguel [...] Wolf Richter www.testosteronepit.com “While Eastern Europe is largely implementing the necessary reforms, Southern Europe does almost nothing—except complain,” said Bulgarian Finance Minister Simeon Djankov in an interview, a withering blast aimed at neighboring Greece. And in Greece, “The risk of bankruptcy is still existent,” said Fotis Kouvelis, the leader of Democratic Left, smallest of the three parties in the coalition government. His way of reminding the bailout Troika—the EU, the European Central Bank (ECB), and the [...] Chairman of the Russian Defense Ministry’s Public Council Igor Korotchenko has called on Moscow to fulfill its contractual obligations to Tehran and deliver the S-300 air defense systems to Iran. In a Thursday interview with Russia’s state-run RIA Novosti news agency, Korotchenko urged Russia to sell the S-300 defense system to Iran, arguing that the move does not run counter to any UN mandates. “The Russian defense official pointed to Moscow’s dispute [...] Global manufacturing remained deeply depressed in Europe and much of the developed world, even as North America largely showed strength this June, new data out of Markit Economics shows. The firm released PMI readings for some two dozen countries over the past twenty-four hours, with continued weakness across the euro area, and difficulty resonating in Asian strongholds like Japan and China. Notable readings: U.S.: 52.5 in June, down from 54.0 in May The mobile phone retailer will launch in China, with special zones in 14 stores operated by Best Buy, the American retailer. It is also looking for partners to set up similar schemes in Latin America and Eastern Europe. “We are exploring similar what I call ‘store within a store’ opportunities with business partners around the world,” said chief executive Roger Taylor. “I’m travelling around the world trying to explore who are the [...] Don’t make the common mistake in translating the problems of the GIIPS to the whole of Europe. And of the GIIPS, Greece, Ireland and Portugal have very small populations and they represent just a few percent of the total European economy. Moreover, the whole of Northern Europe (except maybe for the UK), Scandinavia and Eastern Europe is fiscally sound. I’d say France and Belgium aren’t in any immediate threat either. [...] http://www.washingtontimes.com/news/2012/may/3/russia-threatens-strike-nato-missile-defense-sites/ Russia’s most senior military officer said Thursday that Moscow would pre-emptively strike and destroy U.S.-led NATO missile defense sites in Eastern Europe if talks with Washington about the developing system continue to stall. “A decision to use destructive force pre-emptively will be taken if the situation worsens,” Russian Chief of General Staff Nikolai Makarov said at an international missile defense conference in Moscow attended by senior U.S. and NATO officials. Russia warns [...] From Washington Times: Russia’s most senior military officer said Thursday that Moscow would preemptively strike and destroy U.S.-led NATO missile defense sites in Eastern Europe if talks with Washington about the system continue to stall. “A decision to use destructive force preemptively will be taken if the situation worsens,” Russian Chief of General Staff Nikolai Makarov said at an international missile defense conference in Moscow attended by senior U.S. and NATOofficials. The threat comes as talks about the [...] From this article, it also appears they are planning to close down American plants too and relocate to Eastern Europe and Asia: The Government has made a last-minute appeal to the car-maker GM not to close its Vauxhall plant in Ellesmere Port, Cheshire, in an attempt to prevent the loss of the 2,100 jobs there. Vince Cable, the Business Secretary, returned yesterday from a flying visit to New York, where he pleaded [...] by Robert Marquand, The Christian Science Monitor Hungary’s economy is approaching “meltdown,” analysts warn, adding another financial crisis within and raising concerns about more extreme populist moods gaining ground.
The forint, Hungary’s currency, has been spiraling downward. The European Commission says the nation is expected to have the lowest growth and highest debt in 2012 among the former Soviet satellites of Eastern Europe. But a deeper concern among European leaders familiar with the continent’s history is the effect of prolonged [...] By Laura Rozen | The Envoy (Yahoo News) During campaign season, it never hurts for a presidential candidate facing a frustrated public to display toughness and resolve in the face of an old and familiar adversary. And it also doesn’t hurt to throw in some shock-and-awe–say, a ballistic missile nicknamed “Satan.” This appears to at least partly explain why on Monday Russia announced that it had successfully tested a short-range interceptor missile; [...] The burial ground holds not only a hoard of precious objects but also hints of human sacrifice — and several dozen graves of a mysterious people with links to both the Vikings and the rulers of the founding states of eastern Europe. Researchers are especially intrigued by the Young Warrior, who died a violent death in his 20s. The man’s jaw is fractured, his skull laced with cut marks. The sword [...] by Joshua M Brown, thereformedbroker.com I’ve been asked to look out into 2012 and offer some ideas as to what may become the dominant themes of 2012. Here are three themes that I think could be big ones for investors next year… The Return of EM - Emerging Markets (EM) stocks have been slaughtered in 2011, the MSCI EM index is down 22% versus a flat S&P. Some of this weakness can be attributed to [...] December 2011 lunar eclipse From Wikipedia, the free encyclopedia Total Lunar Eclipse The Moon passes right to left through the Earth’s shadow Series (and member) Duration (hr:mn:sc) Totality Partial Penumbral Contacts P1 U1 U2 Greatest U3 U4 P4 The Moon’s hourly motion across the Earth’s shadow in the constellation of Taurus A total lunar eclipse will take place on December 10, 2011. It will be the second of two total lunar eclipses in 2011, the first having occurred on June 15. Contents [hide] 1 Visibility 1.1 Map 2 Related eclipses 2.1 Lunar year [...] (Bloomberg TV) Some other highlights from Faber: On the market now: “Right now, the market is in neutral territory. It was very oversold on October 4th when the S&P dropped to 1,074. Now around 1260, the upside in my opinion will be between 1,280 and 1,350 because there’s a lot of supply around that area. But if there is some good news coming out of Europe, and good news would simply mean postponing [...] Headlines: Miami Declares “Financial Urgency”, Seeks Cuts From Unions Spain’s Economic Growth Slows in Second Quarter Amid Austerity Measures Govts debt crossed $41 trillion globally in 2010 High pressure on Sarkozy-Merkel euro zone talks German Second-Quarter Growth Almost Stalls as GDP Rises 0.1% European Economy Slows More Than Forecast as Debt Crisis Saps German Might Import Prices in U.S. Rise 0.3%, Led by Gains in Costs of Fuel, Clothing (“Compared with a year earlier, import prices [...] Washington Post spokesman Patrick Pexton recently wrote an article about plagiarism within the Post, as well as the organization’s attitude towards dealing with it. More specifically, Pexton shed light on an instance of plagiarism from the Post’s travel section on April 17th that originated from a hired freelancer. Pexton expounds on the topic of freelancer plagiarism, saying: “But as for preventing any further instances of this kind of [...] by HTZMR The idea that the Germans will keep bailing out the Greeks because their exports depend on it is nothing short of ludicrous. The predominant reason why the German government will continue to guarantee losses with their tax revenue is an understandable fear of contagion and their deep commitment to the European project that has kept the peace here on the continent since the horrors of [...] by szjon Housing, Approx 25% drop in value, (those that are selling) long way to go but shored up by government tax breaks for the first 7 years interest on the mortgage. Lots of folks in arrears, government trying to stop repossesions. Thousands of new builds abandoned all over the country, (these are big numbers for Ireland) in fact out of my front window are 3 apartment blocks half finished slowly [...] http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/2786816/Feds-rescue-halted-a-derivatives-Chernobyl.html When the Federal Reserve stepped in to save Bear Stearns, most people had no idea what was at stake, writes Ambrose Evans-Pritchard We may never know for sure whether the Federal Reserve’s rescue of Bear Stearns averted a seizure of the $516 trillion derivatives system, the ultimate Chernobyl for global finance. The financial crisis in full |
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