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LATEST DEVELOPMENT IN EURO CRISIS: Germany’s Top Court to Decide on ESM Injunctions on Sept.12!!!

WSJ story confirmed by BBG: ECB SAID TO SUPPORT BONDHOLDER LOSSES IF BANK BEING WOUND DOWN

https://twitter.com/zerohedge

Germany’s Top Court to Decide on ESM Injunctions on Sept. 12 

https://twitter.com/zerohedge

Spain 10 Year: 6.752%, up 9 bps

Swiss 2 Year: -0.413%

https://twitter.com/zerohedge

 

French Borrowing Costs Continue To Collapse

http://www.businessinsider.com/french-borrowing-costs-continue-to-collapse-2012-7

The ECB Is Overhauling Its Approach To Bank Bailouts

http://www.businessinsider.com/the-ecb-is-overhauling-its-approach-to-bailouts-2012-7

Blow for Apple as judge allows Samsung’s smartphones to go back on sale in America – and there’s STILL no sign of iPhone 5

Nexus phone allowed to go on sale in U.S.
Blow for Apple as Samsung’s phones outsell iPHone
Injunction still bars Samsung’s iPad rival from sale

Samsung scored a victory against its technology rival Apple this week as a judge ruled that its Nexus smartphone could go on sale in the U.S.

Samsung’s Android smartphones have propelled the Korean company ahead of its American rival in global sales.

The new ruling lifts a freeze on sales [...]

New Privacy Bill to be proposed by Senator Norris and others next week, could potentially allow for super-injunctions

by David Cochrane

Senator David Norris, with the support of Senators Séan Barrett and Feargal Quinn are to next week propose a new Privacy Bill during Private Members Business in the Seanad. The Bill, which you can read below the fold, proposes to create a new offence for invasion of privacy and appears to attempt to (amongst other things) outlaw the use of a persons image or voice without their permission.

The Bill, [...]

SOPA-like law to be unveiled in the next 10 days in Ireland

“Ireland’s SOPA” will be vague and open-ended

Adrian Weckler has a worrying piece on government proposals for blocking legislation in today’s Sunday Business Post (paywalled). I’ve taken the liberty of extracting some of the highlights:
Is Ireland about to introduce a law that will allow music companies to order Internet service providers to block access to websites? I rang up the Minister of State at the department of Enterprise, Jobs and Innovation, Sean Sherlock, to [...]

Real Democrats Beat GOP Fakes in All Six Wisconsin Recall Primaries– Setting Up Challenge to Governor Walker’s Power.

Wisconsin Governor Scott Walker, his conservative legislative allies, the Republican Party of Wisconsin and county Republican parties across Wisconsin tried everything in their power to thwart the recall election process that could check and balance Walker’s extreme anti-labor, anti-public schools, anti-social services and anti-local democracy agenda.

Frightened by the prospect of losing three or more Republican-held seats, and with them control of the state Senate, the GOP [...]

Feds suing more anti-abortion activists

WICHITA, Kan. (AP) – The Justice Department under President Barack Obama has taken a harder line against anti-abortion activists accused of trying to block access to clinics, suing at least a half-dozen of them under a federal law that lay mostly dormant during the Bush administration.

The law, written to protect people who seek or provide abortions, was revived after Obama took office and in the wake of the 2009 slaying [...]