Posts
Global
economy
US
stocks post best week in 2012 on Spanish bank hopes
US stocks ended their best week in 2012 on Friday as investors returned to stocks after sources told Reuters that Spain was expected to request aid for its troubled banks.
US stocks ended their best week in 2012 on Friday as investors returned to stocks after sources told Reuters that Spain was expected to request aid for its troubled banks.
Spain
to ask eurozone for banking bailout
Economy minister announces intention to request assistance to ease crisis after talks with eurozone officials
Economy minister announces intention to request assistance to ease crisis after talks with eurozone officials
Bailout
Lite? There's Really No Such Thing; €30 Billion Needed? It's Now
€100 Billion; Contagion of Economic Idiocy
A few days ago Spain was purportedly going to need another €30 billion to €70 billion to recapitalize Spanish banks. I suggested the amount would be at least triple that and it did not take long to do so.
A few days ago Spain was purportedly going to need another €30 billion to €70 billion to recapitalize Spanish banks. I suggested the amount would be at least triple that and it did not take long to do so.
Argentine
banks have seen a third of their U.S. dollar deposits withdrawn since
November as savers chase greenbacks in response to stiffening
foreign exchange restrictions, local banking sources said on
Friday.
In
this edition of the show Max interviews Warren Pollock from
wepollock.com.
He talks about the global banking crisis and the systemic fraud in
the international banking system. Warren Pollock is a former Wall
Street executive and a financial blogger.
Military/intelligence
Activists
say shells raining down on Homs and Deraa as Russia says situation in
the country is becoming "more alarming".
External
players are goading opposition in Syria to military action; this may
lead to a Libyan scenario, the Russian Foreign Minister says. Moscow
is calling for an international conference “under the UN umbrella”
to implement the Annan plan.
The
U.S.-led Friends of Syria group is unlikely to provide for the
soonest resolution of the situation in Syria as it pursues the only
goal of forcing President Bashar al-Assad to step down, Russia’s UN
envoy Vitaly Churkin said on Saturday
Russian
FM Sergei Lavarov says conditions for Syrian dialogue must not
imposed from outside.
French
soldiers killed in Afghanistan attack
Francois
Hollande says troop withdrawal from Afghanistan to begin in July, as
four killed by suicide bomber in Kapisa
Environmental/disasters
Civil
unrest/revolution
PROTESTERS
across Greece have poured onto the streets of cities, denouncing
the ''dark force'' of fascism as the spokesman of the neo-Nazi
Golden Dawn party continued to elude arrest more than 24 hours
after his extraordinary on-screen assault of two female
left-wing politicians.
Pakistani
protesters have taken to the streets in the northwestern city of
Peshawar to condemn the US assassination drone attacks in the
country’s tribal areas.
Energy/resources
Republican
presidential candidate Mitt Romney is no stranger to attacks on the
environment, as seen in his ads against clean energy jobs, his
pledge to roll backfuel economy standards that protect public
health and reduce carbon pollution, and the fact that he doesn’t
know “the purpose of” public lands that belong to all Americans.
UAE
will bypass Hormuz with a new pipeline
Fears
Iran may close the strategically vital oil route through the Strait
of Hormuz has prompted the United Arab Emirates to seek an alternate
route to export its product
Europe
China
INFLATION
in China slowed significantly in May, giving Beijing room to loosen
policy and stimulate growth.
USA
Detroit
will run out of cash a week from today if a lawsuit challenging the
validity of the city's consent agreement with the state is
not withdrawn, city officials said this morning.
Judge
refuses to drop charges in Manning case
Military
judge rejects motion to drop 10 of 22 charges against soldier accused
of leaking secret material to WikiLeaks.
THE
White House is battling claims that national security leaks to the US
media about drone strikes and cyber attacks authorised by Barack
Obama have been politically motivated to make the President look
strong in an election year.
Australia/NZ
Record
mortgagee sales near six a day (NZ)
A
record number of property owners are being forced to sell up as banks
move to foreclose in mortgagee sales.
Media/internet
Hundreds
gathered in several Indian cities to rally against "growing
government censorship of the internet." The events were held
under the banner of Anonymous, the global hacktivist group that
earlier downed India’s largest Internet provider.
The
head of Iran's cyber police says the perpetrators behind the
recent cyber attack on the Iranian Oil Ministry have been traced
to the US.
UK
journo reveals anti-Syria propaganda
A
British journalist has claimed that Syria’s armed rebels were
trying to get him killed in order to use his death to fuel the
West-led propaganda against Syrian President Bashar al Assad.
Dotcom
'upfront', says judge
As
a US music industry heavyweight was blasting Kim Dotcom's
Megaupload business as a pirate operation costing millions and
causing job losses, a New Zealand judge was praising the German
online tycoon for being "upfront and transparent".
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