Technology and information penetration in China will eventually force the Great Firewall of China to crumble and even lead to the political opening of the Chinese system, according to Google Chairman Eric Schmidt.
Schmidt, who stepped down as Google’s CEO last year, remains the head of Google’s board and its chief spokesman. He roams the planet speaking to audiences and exploring countries where Google could expand its operations. He has been called [...]
Nov. 9 (Bloomberg) – Italy’s government has yet to write
the austerity legislation that must be passed by Parliament
before Prime Minister Silvio Berlusconi resigns, said Mario
Baldassarri, head of the Senate Finance Committee.
Last week, the amendment containing the proposed measures
“was supposed to arrive Thursday” and then “it was supposed
to arrive Friday,” Baldassarri, who left the premier’s party
last year to join the opposition, said in an interview today in
Rome. “Monday, they let us know [...]
After watching these three clips we fail to see how even the most optimistic of individuals see the situation as resolving with anything but entombment, which however judging by the urgency in Japan’s actions will be the first even on the agenda…in 2015.
In other Fukushima news, we learn that after declining for a few days, the seawater around the reactor has once again [...]
by Charles Hugh Smith from Of Two Minds
Why The European Union Is Doomed
The structural flaw at the heart of the E.U. dooms it and the euro to either dissolution or radical tranformation.
To understand the structural flaw which dooms the European Union, we need to start with the Union’s fundamental financial characteristics.
The European Union established a single currency and trading zone for the classical Capitalist benefits this [...]
Argentina went through steady inflation from 1975 to 1991. At the beginning of 1975, the highest denomination was 1,000 pesos. In late 1976, the highest denomination was 5,000 pesos. In early 1979, the highest denomination was 10,000 pesos. By the end of 1981, the highest denomination was 1,000,000 pesos. In the 1983 currency reform, 1 Peso Argentino was exchanged for 10,000 pesos. In the 1985 currency reform, 1 austral [...]