April 17, 2013
Want to go to Mars? Dutch organisation Mars One says it will open applications imminently. It would be a one-way trip, and the company hopes to build a community of settlers on the planet.
Uncharted waters, mountains or far away lands have always drawn explorers. History books show that desire for adventure, even in the face of extreme danger, did not deter the likes of Columbus orMagellan.
So it is perhaps [...]
ECB prepared to let Cyprus go, protect others
20 Mar, 2013, 10.19PM IST
FRANKFURT: The European Central Bank is prepared to cut off funding to Cyprus and let the Mediterranean island succumb to financial meltdown if it has to, confident it has unlimited firepower to protect the rest of the euro zone.
Cyprus propelled the 17-nation bloc into uncharted waters on Tuesday by rejecting a proposed levy on bank deposits as a condition [...]
David Stockman, former director of the Office of Management and Budget in the Reagan administration, talks about U.S. fiscal policy.
The Federal Reserve’s decision to jolt the economy a third time with monetary stimulus measures won’t help the country much but could stoke inflationary pressures down the road, said Dallas Fed President Richard Fisher, a noted inflation hawk.
The Federal Open Market Committee (FOMC) recently announced plans to buy $40 billion in mortgage-backed securities from banks per month on an ongoing basis to spur recovery by injecting liquidity into the [...]
By LAUREN FOX
March 12, 2012 RSS Feed Print
The uncharted waters of Super PACs just became a bit murkier.
President Barack Obama’s Priorities USA Action, along with the Democratic Senate’s Super PAC, Majority PAC, and the Democratic House Majority PAC are combining to form the country’s first-ever joint fundraising Super PAC — Unity 2012.[See the latest political cartoons.]
An FEC official told Whispers that there aren’t any regulations prohibiting this kind of fundraising, but confirmed this is unprecedented; it’s [...]
the stock market’s continued volatility and instability;
the growing sovereign debt contagion in Europe (and failure of their leaders/central bankers to respond intelligently);
continuing political partisanship (and failure of our leaders to properly confront our fiscal imbalances and to promote pro-growth policy); and
an inability to gauge whether the erosion in the August sentiment measures (impacted by U.S. stock market and domestic/overseas economic uncertainties) will translate into weakness in [...]
The fundamentals are shifting. Here are some real, hard facts that trump all the numbers:
* There’s a Communist-Muslim in the White House.
* His puppet master is a Nazi.
* The Progressive Party controls the USA political parties.
* The Fed is engaging in behavior that has never been done before.
* 47 Million USA people on food stamps.
* $15T USA debt load @ 90% GDP.
* MSM has become a propaganda machine for [...]
by Gordon T. Long of Tipping Points
Beware of Lurking North Africa & EU Bank Runs (abridged version of EU & North Africa Bank Run Contagion Research Report)
Stealth bank runs are the unrecognized and perilous serpent lurking presently below the European financial surface. They prey on slower moving archaic bond vigilantes and anyone else swimming in these dangerous uncharted waters.
Investors need to fully appreciate that a modern [...]
I’m a historian so I’m not saying that don’t matter but seems far too many are attempting to fight this crisis as if it were one of those. It ain’t.
As noted above by many, there are so many critical differences between these crisis…so stop trying to treat this one as if it’s one of those. It ain’t.
Honestly, we have never been here before. These are uncharted waters in modern times. [...]
Every bit of growth we’ve observed over the past year can be traced directly back to government deficit spending, with ZERO private sector expansion when those deficits are factored out. All the “good news” reported over the past year is due to massive government intervention within the market. Debt-fueled booms from the public sector all too often provide false affirmation of the governmentÃ¢â‚¬â„¢s fiscal and monetary policies. The Federal Reserve [...]