An unprecedented tax on bank deposits as part of the €10 billion rescue announced Saturday led to a run on cash machines in Cyprus. It also spooked investors, who feared that other weak eurozone states may be forced down the same path, despite EU statements to the contrary. [CNN MONEY] THAT IS the story from [...]
Tag Archives | Spain
Austerity 2013
…after this week’s fiscal cliff deal, the United States is now on pace to engage in about as much fiscal consolidation in 2013 as many European nations have been doing in recent years — and more than countries like Britain and Spain. – U.S. now on pace for European levels of austerity in 2013 FROM [...]
Holiday Festivities and Something for Sparkling Wine and Champagne Lovers
FESTIVE NIGHTS! We haven’t had time together since we were married, 10 years ago last week. Not one vacation or even a long weekend alone, let alone when I wasn’t plugged into the world and my devices. It was well earned and deserved, not to mention so very needed. I unglugged completely, which was quite [...]
David Gregory: “What is America doing to work its will…?”
“What is America doing to work its will to change the trajectory in Libya?” – David Gregory, moderator of “Meet the Press” SUNDAY ON “Meet the Press,” David Gregory revealed the tunnel vision in much of the elite media, post Arab Spring. Not picking on him, because over on Fox they didn’t do much better. [...]
Anti Austerity Protests in Greece and Spain Send Markets into Chaos
Clear signs of the political and social cost of the euro zone crisis sent financial markets tumbling Wednesday as Greece faced a crippling 24-hour strike and Spain cleaned up after violent protests near the country’s Parliament. [New York Times] FIREBOMBS, SMASHED windows, police and protesters clashed in Greece, as more cuts for EU-IMF loans were [...]
Romney Takes Big Lead in South Carolina
**UPDATED** video platformvideo managementvideo solutionsvideo player Mitt Romney’s opened a whopper of a lead in South Carolina. Who says negative attacks can’t work, this time in reverse, especially when they shoot as wildly as When Mitt Romney Came To Town, and go well wide of the mark. The poll showed 37 percent of South Carolina [...]
So Much for Optimism
Paul Krugman tells the story, but here are the bloody facts: At the close, the Standard & Poor’s 500-stock index was down 60.27 points, or 4.78 percent, to 1,200.07. The Dow Jones industrial average was off 512.76 points, or 4.31 percent, to 11,383.68, and the Nasdaq was down 136.68, or 5.08 percent, to 2,556.39. It [...]
Mort Zuckerman’s Rag Got All the Facts Wrong on First Lady Michelle Obama’s Trip
“Taylor, I never heard of you before. But you (sic) just one of the thousands of stupid elitist media whores out there, pimping for that fat Nazi bitch Michelle. Spare us already!” – Stan Lippmann (email from a reader) Mort’s got some classy friends, doesn’t he? When I posted about the New York Daily News [...]
Mort Zuckerman’s Rag Targets the First Lady
Sacrifice is something that many Americans are becoming all too familiar with during this economic downturn. It was a key theme in President Obama’s inaugural address to the nation, and he’s referenced it numerous times when lecturing the country on how to get back on its feet. – New York Daily News, Mort Zuckerman’s mouthpiece [...]
There Once Was A Girl Named Karma
Well, I guess if the Congress of the United States doesn’t have the sense of purpose to honor the rule of law, we can always depend on… Spain? Via Scott Horton: Spain’s national newspapers, El País and Público reported that the Spanish national security court has opened a criminal probe focusing on Bush Administration lawyers [...]
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