‘Progress’ has brought ecological disaster and the wipeout of species. As the winter solstice arrives, we may not be facing apocalypse but a fresh start in our attitude to the world order
At 12 minutes past noon last Wednesday, 12.12.12, 12 minutes of wintry stillness was broken by the low chime of a gong. The crowd gathered around the Chalice Well beneath Glastonbury Tor linked hands, looked skywards, then touched the [...]
Watching another colleague get promoted, missing out on a pay rise and sheer exhaustion are some of the top motivations for booking a trip away, as a study of 2,000 Brits revealed the top 20 factors which prompt a sudden interest in jetting off abroad.
The results suggest that office stresses are high on the list of key holiday triggers, with people reaching for their passports to get far away from [...]
Kevin “The Geek” Kerwin, a business man who owns a computer shop in Lake Oswego, Oregon, said he was slapped by a woman over an anti-Obama sign in his window, Victoria Taft wrote Tuesday.
According to Taft, “Kerwin came to Oregon to get a fresh start after being wiped out by Hurricane Katrina.”
She added that he started his business with the money he had in his pocket.
After President Obama said business [...]
Greece is reaching the endgame next week, Germany’s best-selling Bild newspaper said.
Greeks are plundering their bank accounts, imports to the country are not longer guaranteed, rumors abound of drachma being printed and energy suppliers are no longer paid, Nikolaus Blome, Bild’s chief political columnist, said in an editorial in today’s edition.
“Greece is unraveling, it’s coming apart,” Blome said. “Irrespective of how the upcoming parliamentary elections turn out, ‘business as usual’ won’t [...]
We’ve heard plenty about the national debt, and it has left millions across the country struggling with their own financial problems.
A new report shows more than half of American families have more than $75,000 in personal debt.
The Federal Reserve says all that debt adds up … totaling $11.5 trillion nationwide.
Financial experts here locally say they aren’t too surprised.
“I think most families are struggling to find the right ratio of debt to [...]
“But, Yossarian, suppose everyone felt that way.”
“Then,” said Yossarian, “I’d certainly be a damned fool to feel any other way, wouldn’t I?” —Joseph Heller, Catch-22
Last November 29, American Airlines declared bankruptcy under Chapter 11, the provision of the bankruptcy code that allows a corporation to stiff its creditors, break contracts, and keep operating under the supervision of a judge. This maneuver, politely termed a “reorganization,” ends with the corporation exiting bankruptcy cleansed [...]
By Eva Rosenberg, MarketWatch
LOS ANGELES (MarketWatch) — For the past several years, as we have struggled with this depressed economy, the kinder, gentler IRS has released announcement after announcement about ways they are trying to help taxpayers.
The latest announcement came last week, all about IRS’s latest installment in their so-called Fresh Start initiative. There’s lots of good news for taxpayers who don’t have enough money to pay [...]
At least they were kind enough to wait until the close:
EURO ZONE FINANCE MINISTERS REJECT OFFER OF GREEK PSI REACHED WITH PRIVATE BONDHOLDERS, ASK NEGOTIATORS TO CONSIDER COUPON ON NEW GREEK BONDS BELOW 4 PCT-EURO ZONE SOURCES – RTRS
EURO FALLS VERSUS DOLLAR AFTER EURO ZONE FINANCE MINISTERS REJECT GREEEK PSI OFFER
Translation: Greece demands that the coupon on its fresh start 30 Year bonds to be below 4%, or roughly in line [...]
One of the funny things about the proposed Greek debt exchange offer is that, at least according to most recent fluid rumor, the cash coupon ceiling on the “post reorg” bonds, as dictated by the European finance ministers, will be 4% (hedge funds want more). So let’s assume 3.5% for argument’s sake. Perhaps the fact that the cash coupon of the US 30 Year note is roughly the same is somewhat concerning, [...]
We will shortly present an extended analysis of just why the broader media is once again wrong in their interpretation of who has the upper hand in the Greek bankruptcy “fresh start” negotiations (because while Greece may not have formally filed bankruptcy, or insolvency, or whatever one wishes to call it, the talks right now are basically determining what post-reorg Greece will look like, and specifically its fresh start accounting [...]
It’s simultaneously its own best symptom of the concomitant
loss of incentives.
To me it’s perfectly parallel to health insurers shifting the
cost of bankrupt patients in county hospitals into your premium
but simply taking on only risk-free customers for themselves.
Going bankrupt is like falling from a tall building. After the
first 90 feet it might as well be a mile. (though beware
the “fresh start” has become a gray area.)
Let smug bankers take losses in [...]
A funny thing happened in Euro spreads today. While the bonds of all PIIGS countries surged higher in price (and plunged in yield) upon the announcement of the second Big Bang bailout, the reaction in core Eurozone credit was hardly as exuberant, and in fact spreads of the two core European countries pushed wider by the end of the day, and over the last [...]
#1 ..state banks[or some kind of alternative honest money system
or #2.. eternal slavery to the master gangsters..the corrupt bankster kings of phony paper counterfeit money..obviously believe that public state banks are the answer and it will put an end to this gosh dam global bull owny!
Subject: state banks..
an alternative to the present fraudulent parasitic federal reserve debt money system keeping most of us enslaved our [...]