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PALO ALTO (CBS SF) — A father has used a powerful incentive to lure his teenage daughter off of the Palo Alto-based social networkingsite Facebook: money. Paul Baier of Boston, Mass., drew up a contract, and offered his daughter $200 cash if she could stay off Facebook for five months. Baier posted about the contract on his blog,Practical Sustainability this week. http://sanfrancisco.cbslocal.com/2013/02/08/father-pays-daughter-200-to-stay-off-facebook/ From Debt Reckoning: The website of US-based biotech giant Monsanto boasts that the corporation qualifies as “a sustainable agriculture company”. Given Monsanto’s legacy as a producer of the lethal defoliant Agent Orange during the Vietnam War, Southeast Asian agriculture would presumably beg to differ with this characterisation. Sustainability is also not the first word that comes to mind when contemplating Monsanto’s policy of sowing the earth with genetically modified seeds that destroy soil and are designed with [...] MORGAN STANLEY: The ECB’s New Plan Is ‘Quite Likely’ To Deepen Europe’s Recession …the OMT will probably deepen the recession in Europe, according to Mutkin: The paradox of sovereign thrift Certainly, the near-term outlook for peripheral bond yields is greatly improved by the instigation of the OMT. But we are concerned that, taken as a whole, the architecture surrounding the OMT programme is pro-cyclical and therefore potentially self-defeating. The prior condition for activation of [...] businessinsider
Markets are loving the ECB’s new bond-buying plan announced yesterday. Many Wall Street strategists have expressed cautious optimism since ECB President Mario Draghi revealed the details of the rescue program designed to bring government borrowing costs down in Italy and Spain.
Morgan Stanley rates strategist Laurence Mutkin is one of them – at least, for now. In a note today titled OMT – OMG!, Mutkin wrote that the ECB’s new plan provided “ample [...] The Financial Times reports that Greece has given up on a plan to modify the terms of its bailout agreement until the government passes more reforms.
Those modifications would have altered a €174 billion plan agreement made in February, according to that report. This is bad news for the sustainability of the Greek government, which only presides over Parliament with a shaky majority. More to come. Read more: http://www.businessinsider.com/report-greece-gives-up-immediate-plan-for-getting-new-bailout-terms-2012-7#ixzz1zm0pWVaF Infowars.com Amid the thousands of people assembled at the United Nations Rio+20 Conference on Sustainable Development calling for global government and anti-market “solutions” to alleged planetary “sustainability” and “biodiversity” problems, a vocal coalition of environmental realists who refuse to buy the UN-backed agenda are calling for some sanity — market solutions, real science, and national sovereignty. Some have even proposed abolishing the controversial global institution altogether. by Tyler Durden In the middle of the European crisis last fall, EUR-USD cross-currency basis swap spreads were on the tip of every trader and media-personality’s tongue as the critical means for providing banks with access to short-term USD liquidity was ratcheting lower and lower. This means the European banks were willing to pay a higher and higher premium to be able to offload their EUR funding into USD funding. With LTRO funding [...] From FT: Anyone who believes that US decline is inevitable ignores history. The US will almost certainly not face market pressure this year, or for several years to come. But there’s a catch: the very absence of market pressure makes it much harder for US policymakers to reach difficult compromises. This safe-haven curse imperils US efforts to foster robust economic growth and fiscal sustainability. by Tyler Durden
While there may be a plethora of geopolitical reasons to be ‘cautious’ of getting over your skis in US equities, there are a number of more quantifiable reasons for not buying-the-f##king-dip here. Between the sustainability of US earnings and the sell-in-May mantra, we highlight five foods-for-thought before you push all-in this morning. Of course the only bullish reason left is Central-Bank-driven and remains the elephant in the room but [...] Larry Greenley One of the most successful grassroots campaigns during the past year has been the Stop Agenda 21 movement both at the local level and state level. However, we haven’t heard as much about Agenda 21 implementation at the national level. Of course, there were President Bill Clinton’s establishment of the President’s Council on Sustainable Development by executive order in 1993 and President Obama’s “Federal Leadership in Environmental, Energy, and Economic Performance” executive order in [...] From Dividend Growth Stocks: Performance and sustainability – that’s what investors in Dividend Growth Stocks are looking for. It’s very easy to find stocks with a yields greater than 10%, but how many of those will be able to sustain or grow their dividend over 10, five, or even three years? Also, it doesn’t take much effort to find a company that can sustain and grow its dividend because it is [...] Treasury Secretary Tim Geithner, speaking this morning on CNBC: “That’s the kind of balance you need,” said Geithner. “Why is that the case? Because if you don’t try to generate more revenues through tax reform, if you don’t ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American, then you have to — the only way to achieve fiscal sustainability is [...] by The Economic Collapse The United Nations says that the earth is in great danger and that the way you and I are living is the problem. In a shocking new report entitled, “Resilient People, Resilient Planet: A Future Worth Choosing” the UN declares that the entire way that we currently approach economics needs to be changed. Instead of focusing on things like “economic growth”, the UN is encouraging nations all over [...] Ekathimerini, providing a… LINK: The euro and the future of Europe “We have to recognize that we need nothing less than a paradigm change for our countries and our societies. The debt economy itself has reached its limits.Fiscal responsibility and sustainability are not arcane concepts for experts. Nor are they awkward hobbies of Germans still traumatized by memories of hyperinflation three generations ago. They are the imperative of our time. The policies of debt, [...] kingworldnews.com With so many questions surrounding the stability of the financial system, John Williams of Shadowstats issued this warning in his latest commentary: “Annual Deficits of $5 Trillion Are Not Sustainable. Significant space was taken up in the government’s latest financial statements to assess the sustainability of the current system. Most of the material covered was overly misleading nonsense.” John Williams continues:
“Those looking at the current $80 trillion of government debt and obligations, [...] From FT: Markets and governments face an uphill struggle to fund themselves next year amid extreme uncertainty over the eurozone and the global economy, as new figures reveal that the borrowing of industrialised governments has surged beyond $10tr this year and is forecast to grow further in 2012. The Organisation for Economic Co-operation and Development, which represents the leading industrialised nations, will warn in its latest borrowing outlook, due to be published this month, that [...] Ruby Leo And Judd-Leonard Okafor Despite calls for the inclusion of Pneumococcal Conjugate Vaccine (PCV) the immunization programme, the Federal Government said funding challenges has made it impossible to do so. The head of immunization division, National Primary Health Care Development Agency (NPHCDA), Dr Mahmud Mustapha, who spoke to Daily Trust during the National Pneumococcal Summit, explained that the vaccine can only be factored in 2013 because funds for the [...] Bike-Powered Generators: A New Source of Electricity for Occupy Wall Street Just one of the ways OWS is learning how to win. New York: In the wake of the confiscation of gasoline generators by the NYPD, the people of Occupy Wall Street have turned to a new source of power. Within 48 hours of losing their electricity, members of the Sustainability Working Group drove to Occupy Boston to collaborate on the design of [...] This video just arrived at my YouTube inbox, and its enthusiasm is just what you need if you’re heading into a suburban future of sustainability. I’ll be sending it out to friends and subscribers, and hope you’ll do the same for the like-minded. Maybe you can think of a thread here that this film belongs on? Copy and repost … Direct Link ~ VF ~ A few quick macro thoughts on the debt deal - J.P. Morgan – As you are no doubt aware, a deal appears imminent to resolve the debt ceiling impasse. We see four main economic implications of this deal 1) No default. This had always been a low probability (<1%) very high cost outcome, which now seems off the table. The U.S. employment picture went from bad to ugly last month as employers added almost no new net jobs and the unemployment rate edged up for the third straight month, to 9.2%. The report Friday from the Labor Department is sure to be a huge disappointment and will raise fresh questions about the sustainability of the recovery, now technically starting its third year. Analysts had raised their job-growth [...] Washington (CNN) — President Barack Obama is expected to announce this week that 30,000 U.S. “surge” forces will be fully withdrawn from Afghanistan by the end of 2012, an administration official has told CNN. Obama will deliver his highly anticipated speech on the troop drawdown at 8 p.m. ET Wednesday. The time-frame would give U.S. commanders another two “fighting” seasons with the bulk of U.S. forces still [...] The European debt crisis is gradually spreading to Spain, and some experts say it will hit Italy soon enough. But both nations are in better financial shape than the United States, according to former U.S. Comptroller General David Walker, now head of the Comeback America Initiative. “Italy and Spain have a higher rating for fiscal responsibility and sustainability under the new Comeback America index than the [...] by ZH In what is either a delayed April Fool’s report, or its latest exercise in rhetoric the IMF asks the humorous question: “An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?” The obvious answer is naturally the Fed. The unobvious answer, according to the IMF, is the impossible: a slashing all of USSA’s entitlement benefits by a whopping 35% combined with a hike in [...] by zh The must read report, has three parts explaining why spending is about sources, not cost, the differential between wealth and the Chinese imbalance, and the last part emphasizes the Bernanke put, i.e., how there is no longer real risk in the decision-making process. For those who enjoy flipping to the last page of a book, here is the conclusion: “QE 2.0 moves us further [...] The G20 article is the real economic shocker of the weekend. It tells of a very dramatic split between the US and European approaches to the crisis. You can be that Geithner et al. are not happy about this…after all, unless everybody is being profligate it becomes much harder for the US to maintain its 10% of GDP deficits. And it’s an election year in the US…the pressure builds. G20 [...] Uno was the only analyst to forecast the euro would fall below $1.30 this year, according to a Bloomberg News survey of 12 Tokyo-based strategists taken at the end of last year. The European Central Bank will eventually be forced to introduce a near zero interest-rate policy, Uno said. It may cut borrowing costs from 1 percent to 0.1 percent, the same level as the Bank of Japan’s benchmark rate, he [...] The Treasury borrowed about $350B this month, the biggest ever since TARP/Lehman months (2008 Sep-Oct) and about $100B more than the 4th biggest ever. This is really bad news, and actually I think it’s quite scary that Notes interests have raised about 0.3% in just 2 days!!!! This alone should scare the hell out of people, but no, the rally is going on! UST10Y 3.91% (3.65% 2 days ago) Last [...] |
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