Monday should be fun interesting.
Once again Europe's debt crisis has metastasized, and once again the financial authorities face systemic contagion unless they take immediate and dramatic action.
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#1
The calamitous US jobs data released last Friday leave no doubt that the US remains trapped in depression. Broad U6 unemployment rose from 15.8 to 16.2pc in June; the numbers in work fell by a quarter million to 153.4m; the average time without a job reached a fresh record of 39.8 weeks; hourly pay fell; hours worked fell; the employment/population ratio crashed to new lows of 58.2pc.
Posted by: Glomotle Oppressor of the Sith5786 ||
07/10/2011 18:51 Comments ||
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#2
The calamitous US jobs data released last Friday leave no doubt that the US remains trapped in depression economy is heading over the cliff in accordance with the Ogabe Administration's deliberate plans.
There. Fixed it for you.
Posted by: Ricky bin Ricardo (Abu Babaloo) ||
07/10/2011 21:34 Comments ||
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Retired politician Milos Zeman, Czech prime minister in 1998-2002, faces a criminal complaint over the statements on Islam he made in June at an international conference on Europe.
"The enemy is the anti-civilisation spreading from North Africa to Indonesia. Two billion people live in it and it is financed partly from oil sales and partly from drug sales," Czech news servers quoted Zeman as saying about Islam at the recent conference.
Zeman said Thursday Muslims believe in the Koran like Nazis believed in racial supremacy and anti-semitism and communists in class struggle and dictatorship of the proletariat.
He said Islam is far more aggressive and intolerant than present Christianity, Buddhism, Confucianism and other world religions.
He added that the Koran includes passages calling for the subjugation, enslavement and even elimination of non-believers.
#1
The multi-culturalism loving political establishment went after Geert Wilders in the Netherlands, and after three years broke their teeth on him. But part of the lesson is the attack itself, so now they're trying it on Milos Zeman who doesn't have the legal speech protection of being a sitting politician. However, unlike Holland, the Czech Republic only became free of totalitarian Soviet tyranny in the '90s, so they haven't the same habit of self-delusion.
Finally, financiers seem to be getting what they always wanted...supremacy over the people of Europe. For the last 400 years they tried lending to royalty only to find getting their money back was often problematic. Then they tried "Democracy", but that was also problematic as they tended to get into too many wars. But now they've solved the problem, simply turn all the taxpayers into to dhimmies. Banks can no longer go broke and profits will go to those ordained by God to receive them, the financial oligopoly. I suppose this is only fair as they are now our new overlords.
European governments are set to provide a taxpayer backstop to banks that fail the results of tougher stress tests to be announced on July 15. UK Treasury officials will join European ministers at the Economic and Financial Affairs Council, or ECOFIN, on Tuesday to agree plans it hopes will calm markets ahead of the test results from the European Banking Authority.
Lenders that fail the test, and cannot raise capital from investors within six months, look set to receive government support, according to a leaked EU document seen by Reuters.
The move will come as a shock to taxpayers after G20 policymakers promised that in the aftermath of the financial crisis they would never again have to bail out banks.
Europe's top 91 lenders have been tested to ensure they can withstand any further shocks and maintain a core capital level of 5pc.
Robert Law, banking analyst at Nomura, thought UK banks would pass the tests "relatively comfortably" but small German and Spanish lenders could struggle
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A small Albanian village visited by President George W. Bush in 2007 has unveiled a statue of him, in a square named after him.
The 9.3 ft tall statue of the former president, raising his left hand in greeting, was unveiled on Wednesday in the square adorned with Albanian and American flags for the event.
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#3
It's a double for W this week. Statue in Albanian Village and the new president of South Sudan wears his gift from W, a black cowboy hat, to the reading of their new Declaration of Independence, a result of W's work in 2005.
#4
It's a double for W this week. Statue in Albanian Village and the new president of South Sudan wears his gift from W, a black cowboy hat, to the reading of their new Declaration of Independence, a result of W's work in 2005.
Holey shoooo!
Times do change no?
All Dead or all Red morphed into:
All Dead, all Red or all NATO which morphed into:
All Dead or all Houston, pull up a chair and get a plate. Tell 'em Barb sent 'ya.
Posted by: S ||
07/10/2011 18:12 Comments ||
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#5
Albania gets a statue of Bush. Here in Seattle we have a statue of Lenin.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
A small Albanian village visited by President George W. Bush in 2007 has unveiled a statue of him, in a square named after him.
