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The new coalition government in Italy is off to such a rocky start, it’s hard to say there ever was a honeymoon. People want more jobs. Instead, the price for a coalition by former Prime Minister Mario Silvio Berlusconi was a rollback in property taxes. Here is the result: Thousands rally in Rome against cuts. Thousands of protesters, led by trade unionists, have rallied in the Italian capital Rome against the policies of the [...] zerohedge.com While suicides out of desperation had long been a tragic, if recurring, staple in depressionary Europe, so far popular anger had been directed at within, with few if any murderous outbursts targeted at other people, and certainly not at politicians (or financiers). This obviously has been a critical aspect of the current economic collapse in Europe – one needs but recall that it was a political assassination that [...] Gregor Peter‏@L0gg0l21 min Gregor Peter‏@L0gg0l10 h Reinman_MT‏@reinman_mt55 min (ANSA) – Rome, April 17 – Beppe Grillo, leader of the anti-establishment 5-Star Movement (M5S), denounced two potential presidential candidates from other parties as “monsters” on Wednesday. http://www.ansa.it/web/notizie/rubriche/english/2013/04/17/Grillo-denounces-parties-candidates-monsters-_8569759.html Egan-Jones downgrades Germany rating [...] Pope Francis continued his gleeful abandonment of tradition by washing the feet of a young Muslim woman prisoner in an unprecedented twist on the Holy Thursday tradition. While popes have for centuries washed the feet of the faithful on the day before Good Friday, never before had a pontiff washed the feet of a woman. That one of the female inmates at the prison in Rome was also a Serbian Muslim [...] Rome (CNN) – The new pope gave an insight into his choice of the name Francis in an audience with journalists Saturday — his first meeting with the media since he was chosen as leader of the Roman Catholic Church three days ago. Francis, who before he became pope was known as Cardinal Jorge Bergoglio, said a fellow cardinal from Brazil had told him “don’t forget the poor” as the votes stacked [...] ROME — After raising eyebrows by going to North Korea, former U.S. basketball star Dennis Rodman is continuing his bizarre global tour by visiting Rome — purportedly to help Ghanaian Cardinal Peter Turkson become the first black pope. But Rodman didn’t seem too sure who he was supposed to be promoting when asked about it Wednesday. “From Africa right?” Rodman asked, wearing a hat and T-shirt promoting the Irish betting firm [...] BBC The Queen is in hospital as a precaution, while she is assessed for symptoms of gastroenteritis, Buckingham Palace says. The 86-year-old monarch has been taken to King Edward VII Hospital in London, a palace spokesman said. All official engagements for this week, including the Queen’s trip to Rome, will be either cancelled or postponed. Read full article from Spiegel International: The euro crisis may have dropped out of the headlines recently, but Spain and Italy would seem to be doing their best to bring it back. Real estate giant Reyal Urbis’ bankrupcy has raised fresh concerns about Spanish banks and many fear that a Berlusconi election victory could drive Rome to seek emergency aid. It had become a trend among top European politicians to forecast that the worst of the [...] By Michael Why does it seem like America is getting crazier with each passing year? It has become glaringly apparent that very deep corruption has taken root in our society from the lowest levels of society all the way up to the highest levels of society. In fact, some of the worst behavior of all is being exhibited by those that are supposed to be “examples” for our young people – [...] Italian PM Mario Monti resigns today! http://www.n24.de/ ROME (Reuters) - Italian Prime Minister Mario Monti will hand in his resignation to PresidentGiorgio Napolitano after parliament approves the 2013 budget later on Friday, political andgovernment sources said. http://news.yahoo.com/italy-prime-minister-monti-expected-resign-friday-131738814.html On December 7, 2012 Russia’s Federal Agency for Agricultural Control, Rosselhohznadzor, banned the imports of meat containing ractopamine. This is a food additive that allows to reduce the content of fat in beef and pork. The drug is added to food so that animals grow the muscle mass instead of fat. According to researchers, ractopamine affects the human cardiovascular system, and in some cases can cause food poisoning. This drug is [...] from weavingspider: On Wednesday November 14th millions of Europeans took to the streets in protest against the austerity measures that are being implemented in an effort to deal with the current economic crisis. In the face of this engineered economic downfall the Bilderberg group has called for a meeting in Rome in order to ensure that the outcome of this uprising results in a more unified Europe. Rome’s austerity. It’s the latest in a number of European regions to consider independence Courtesy Google Translate: Rome – The technical Rome government wants to limit cash transactions in Italy. From 2013, citizens may pay amounts in excess of 50 euros only by credit or debit card. That the Council of Ministers decided today. The measure is intended to reflect the money laundering and black money payments to clamp down. Since July, the government has banned cash transactions over 1,000 euros. Read more: Like the country we have been privileged to serve, we remain fundamentally optimistic about the future. We have endured a financial collapse, a protracted recession, a fiscal crisis that threatens the creditworthiness of the U.S. government, and polarized politics that makes it ever more difficult to govern. Pundits regularly remind us how other great powers, from Rome to Great Britain, all fell into eclipse. We reject such pessimism. The United States remains [...] ROME — Insurance giant AIG startled markets last week when it signaled its waning faith in the euro by moving tens of millions of dollars worth out of the currency zone, reducing its holdings in banks in Germany, France, Spain and Italy. The news came on the heels of a similarly unsettling announcement by International Airlines Group, the parent company of British Airways, which said Aug. 3 that it had reduced its [...] 100 Sardinian miners armed with hundreds of kilograms of explosives have barricaded themselves nearly 400 meters underground in Italy’s only coal mine to put pressure on the Rome government to protect its survival. The miners from a 460-strong workforce seized 350 kilos of company explosives and locked themselves inside the Carbosulcis mine west of Cagliari overnight on Monday, one of them said, ahead of a government meeting this week to discuss [...] It is not just stifling summer heat that is keeping shoppers at bay on Rome’s Via del Corso: as the economic crisis hits locals and tourists alike, many shops have little choice but to close for good. The few people around seem to ziz zag from shop to shop, seeking relief from the heat in air-conditioned outlets and leaving behind frustrated shop assistants who struggle to sell anything despite discounts of [...] Monti takes the gloves off! Watch out Germany!! From CNBC: Italian Prime Minister Mario Monti has taken the gloves off in his fight to save Italy from disaster in the euro zone debt crisis, daring to stand up to European paymaster Germany in a way unthinkable a few months back. His change of attitude is driven by increasing Italian exasperation with repeated delays in formulating an effective response to a crisis on bond [...] LONDON – For Michael Phelps, Beijing was about perfection — and London is about history.
Phelps won silver in the 200 butterfly Tuesday, finishing 05. seconds behind South Africa’s Chad le Clos, who shouted and slapped the water in celebration. Le Clos won in 1:52.96, pulling ahead of Phelps in the final meters. With the silver medal, Phelps tied the record for most Olympic medals. He matched former Soviet gymnast Larissa Latynina, who won [...] KWN Today legendary value investor Jean-Marie Eveillard told KWN, “If you look at China’s view of the West, they think we are decadent. They think we are Rome, towards the end.” Eveillard, who oversees $50 billion at First Eagle Funds, also said, “At the same time, they are beginning to worry about China itself.”
He also discussed the gold market, but first, here is what Eveillard had to say about Europe and [...] Italy’s new finance minister said the government could raise up to 20 billion euros a year in public asset sales, and accused the markets of failing to recognise Rome’s efforts to bring its finances in order. Vittorio Grilli, who was appointed just last week, also lashed out at rating agencies, in comments to the Corriere della Sera published Sunday in the wake of the decision by Moody’s to downgrade Italian debt. “The [...] Some argue for immediate action, while others argued for a warranted action when “…the recovery lost momentum, if risks became more pronounced or inflation seemed likely to run below the committee’s target.” When the minutes were released, the investors expressed their lack of confidence in the Federal Reserve by sinking the stock prices by an additional 112 points. World farm production must rise 60 percent by 2050 to meet the needs of a growing population but this has to happen in “a more sustainable way,” the UN food agency FAO and the OECD said on Wednesday. “It’s mostly going to be about productivity,” Angel Gurria, head of the Organisation for Economic Cooperation and Development (OECD), said at a press conference in Rome, explaining that farmland area would increase only [...] via google translate: All against all in the European summit that must save the euro. Germany did not retreat, saying he wants more guarantees to open the Eurobonds, while Italy asks for financial support for moderation by the spread. In other words, a bailout indirect. And so, after the G20 summit in Cannes, Rome is to be observed in the special. In case of failure of the summit, HSBC offers “a windfall tax, as in [...] Peter Spiegel of the FT has a must-read piece on the urgency of the current EU Summit, which includes this key insight…
Although Italy does not have Spain’s banks, Greece’s economy, or Ireland’s deficits, it is easy to forget how close to the edge Rome reached last summer under the erratic leadership of Silvio Berlusconi. It may not be an exaggeration to say that Mr Monti has about a month to ensure it does not [...] FT Leaders of the eurozone’s four largest economies pledged on Friday to back a €130bn growth package and defend the common currency but remained divided over the credit crisis as Germany continued to resist proposals to issue common debt and use bailout funds to stabilise financial markets. The meeting in Rome was intended to demonstrate a coming together ahead of next week’s EU summit, but ended in disagreement over the [...] After flashing her nipple in Turkey the other day, Madonna continued to strip down on the latest stop of her body part peep show tour by showing off her mother-of-four butt in Italy on Tuesday. While performing her hit song “Human Nature” again, the Queen of Pop unzipped her pants and exposed her lacy thong-clad 53-year-old taut backside to the crowd at Rome’s Stadio Olimpico. With controversial swastika references, Lady Gaga jabs and plenty of MILF nudity, [...] Italian banks’ borrowings from the European Central Bank rose to a third straight monthly record in May as concerns about the debt crisis limit access to funds and raise costs. Total borrowing by Italian banks rose to 272.7 billion euros ($342 billion) from 271 billion euros in April, the Bank of Italy said on its website today. Most of the funding, about 269 billion euros, was from longer-term refinancing operations, while 4 billion euros came from [...] Former prime minister: “I have crazy ideas for the future.” It launches its proposal on the coin. Alfano: “Stop those who play in shambles.” Cicchitto: “No combination of moderate, not longer support the government Mountains.” Italy Futura: “Do not embark castaways” ROME - It ‘a Silvio Berlusconi show the intervention of former premier meeting of the party groups. “I tell my crazy idea. If no other currency is printed by the ECB, we print our own currency [...] RT The smallest artificial heart in the world, weighing only 11 grams, was enough to save life of an infant boy suffering a deadly disease. Italian doctors who completed the surgery say it kept the baby alive till a donor was found. This is the first time that such a small heart has been implanted to human. The boy suffered from dilated myocardiopathy, a disease which eventually would atrophy the heart muscle [...] |
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