Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label World Europe. Show all posts
Showing posts with label World Europe. Show all posts

Thursday, November 10, 2011

Douglas A. McIntyre – 247WallSt.com: Financial Gap Between Germany and France Widens

Financial Gap Between Germany and France Widens

Douglas A. McIntyre

Posted: November 7, 2011


Yet, to make matters worse, you can now add France to the growing “list of countries with troubled financial situations.” …

Germany and France are the twin towers built to support Europe’s dwindling financial strength. That has changed rapidly, and Germany is left to stand alone. That will alter the balance of power in the eurozone. It also will put one more nation in the region — France — on the list of countries with troubled financial situations. Read more: http://247wallst.com/2011/11/07/financial-gap-between-germany-and-france-widens/?utm_source=247WallStDailyNewsletter&utm_medium=email&utm_content=NOV072011A&utm_campaign=DailyNewsletter

For More: November 9, 2011 The Long-Term Fear Factor Kevin E. Dayhoff
Recently the political turmoil in Italy and Greece, France’s increasing financial troubles, and the lack of leadership in Europe and the United States, are slowly edging the planet from an economic crisis to a long-term fear factor… http://www.thetentacle.com/ShowArticle.cfm?mydocid=4735




Douglas A. McIntyre – 247WallSt.com: Financial Gap Between Germany and France Widens





Read more: Financial Gap Between Germany and France Widens - 24/7 Wall St. http://247wallst.com/2011/11/07/financial-gap-between-germany-and-france-widens/#ixzz1dL7Hj77I


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The Daily Grind: Will the U.S. and China Crush Germany into Submission? and other stories


November 10th, 2011
The Daily Grind: Will the U.S. and China Crush Germany into Submission? and other stories

Anti-democratic dominoes threaten the free peoples of Europe.

Not many presidents with Obama's record have been reelected.

The question is whether this was a battle lost due to the mistaken tactic of including highly popular police and firefighter unions into the reforms or whether it is a lost war.

The cries from people such as the Occupy Wall Street protestors over a wide gap existing between the rich and poor are greatly exaggerated.

Will the U.S. and China Crush Germany into Submission?

By Bill Wilson

There has been no clearer articulation of the coming tyranny to be imposed on the once-sovereign nations of Europe — and what may be in store for the debt-addled U.S. should it fail to restore order to its fiscal house — than a recent piece from the UK Telegraph's Ambrose Evans-Pritchard, "America and China must crush Germany into submission".
In it the columnist advocates that the U.S. and China essentially force Germany to bail out financial institutions that bet poorly on Greek, Italian, and other troubled sovereign debts, writing, "it would not surprise me if U.S. President Barack Obama and China's Hu Jintao start to intervene very soon, in unison and with massive diplomatic force."

"One can imagine joint telephone calls to Chancellor Angela Merkel more or less ordering her country to face up to the implications of the monetary union that Germany itself created and ran (badly)," he writes.  He accused the Germans of "lacking in deep understanding of what it has got itself into."

At issue is just who will be bailing out the banks that lent the money to Greece and others in the first place.  The consolidated debts of Portugal, Ireland, Italy, Greece, and Spain, the so-called PIIGS, total more than €3 trillion.  Evans-Pritchard wants that somebody to be the European Central Bank.

In the way, Germany has vetoed the use of the ECB to leverage the €440 billion European Financial Stability Facility (EFSF) upwards to perhaps €1.4 trillion — since such a decision would violate a recent German constitutional court ruling declaring that "the Bundestag, as the legislature, is also prohibited from establishing permanent mechanisms under the law of international agreements which result in an assumption of liability for other states' voluntary decisions, especially if they have consequences whose impact is difficult to calculate."

Moreover, such a move would violate Article 123 of the Lisbon Treaty that brought the Eurozone into being, which expressly prohibits the ECB from printing money to buy sovereign debts. 

Get full story here.

History's Records



Get permalink here.

Kasich's defining moment

By Rick Manning

Ohio Governor John Kasich faces a moment in history where his major initiative to reform the relationship between public employee unions and the taxpayers who pay for them has been soundly defeated in a state referendum.

The question Kasich must answer is whether this was a battle lost due to the mistaken tactic of including highly popular police and firefighter unions into the reforms or whether it is a lost war, dooming the state of Ohio to spiraling public employee costs that are political suicide to attempt to contain.

Public employee unions spent close to $30 million to defeat Kasich's reform.  Ironically, those unions got that money from mandatory dues collected from public employees who are paid by taxpayers.  In a nutshell, $30 million of tax dollars that were paid to public employees were then used to convince the voters of Ohio that public employee union reforms should be rejected.

Public employee unions legally used their member's dues to paint a picture of an Ohio where public safety is at risk due to changes in the relationship between police and firefighter unions and their taxpayer employers.

And Ohio voters, by a 61 percent majority bought it.

Now, reality strikes.

Get full story here.

Rising income inequality?

By Adam Bitely

Numerous reports have come out over the past many days (herehere, and here) disputing the new claim from progressives everywhere that a recent CBO report finally proves that the rich are getting richer while the poor are getting poorer.

Well, it seems that those who have closely studied the data believe that claims of an ever widening wealth gap seem to be, well, not exactly true.

As Sheldon Richman put it, "Today low-income people have things the middle class didn't dream of 40 years ago — and even some things the rich couldn't have had at any price because they hadn't been invented yet. And this is not primarily due to consumer debt."

Even further, as GMU economics professor Don Boudreaux explained several years back, people that bang the drum loudly that the wealth gap is beginning to widen out of control forget to consider that even though the wealthy get wealthier, the poor get wealthier too:

Get full story here.

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Wednesday, November 09, 2011

Reuters: Monday, November 7, 2011 - Wall Street edges up, swayed by Europe

Reuters: Monday, November 7, 2011 - Wall Street edges up, swayed by Europe


NEW YORK | Mon Nov 7, 2011 5:50pm EST
(Reuters) - Stocks closed a volatile, lightly traded session slightly higher on Monday, with sentiment continuing to shift with the latest headline from Europe.
Wall Street spent most of the session lower before rebounding after Juergen Stark, a member of the European Central Bank's Executive Board, said the region's debt crisis might be overcome in "one or two years at the latest."
In a signal that investors remain cautious, the strongest performers were healthcare and telecommunications stocks, both considered defensive sectors. The S&P Health Care sector rose 1.2 percent, with Pfizer Inc gaining 2.1 percent to $20.07.
Volatility in the stock market has become more closely correlated with shifts in European bond markets, another sign of Europe's influence on U.S. equities.
"Given the overhang that Europe has been having on equities, stocks are going to be subject to intraday moves based on innuendo or conjecture as much as fact," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
"Any news that's viewed positively is going to move the market, but I don't trust the move. We could just as easily fall back down." ... http://www.reuters.com/article/2011/11/07/us-markets-stocks-idUSTRE7A61KA20111107?feedType=nl&feedName=ustopnewsearly
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Related News

Mon, Nov 7 2011

Mon, Nov 7 2011

Sun, Nov 6 2011
Fri, Nov 4 2011

Fri, Nov 4 2011

Analysis & Opinion




Sun, Nov 6 2011




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Kevin Dayhoff The Tentacle: The Long-Term Fear Factor


November 9, 2011

The Long-Term Fear Factor
Kevin E. Dayhoff
http://www.thetentacle.com/ShowArticle.cfm?mydocid=4735
Labels: ,  http://kevindayhoff.blogspot.com/2011/11/kevin-dayhoff-tentacle-long-term-fear.html

Recently the political turmoil in Italy and Greece, France’s increasing financial troubles, and the lack of leadership in Europe and the United States, are slowly edging the planet from an economic crisis to a long-term fear factor.

Not to be overlooked are the troubled national economies of Portugal, Ireland, Spain, and Japan, punctuated by the sharp populist rhetoric of President Barack Obama’s re-election campaign attacks on “the rich,” banks, Wall Street and big multi-national corporations.

Economic and political uncertainly is one thing. However, the growing social instability exemplified by the civil unrest in Greece and the Occupy Wall Street protests in the United States should give most thinking Americans, with sense of history, pause for thought.

In spite of the fact that the message of the Occupy Wall Street protestors is muddled, if not incoherent; putting an exclamation point on the generalized perception of dismay and unease over the current state of economic affairs could easily be understood as a call for action... http://www.thetentacle.com/ShowArticle.cfm?mydocid=4735



Kevin Dayhoff The Tentacle: The Long-Term Fear Factor
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Kevin E. Dayhoff


November 9, 2011
The Long-Term Fear Factor 
Kevin E. Dayhoff
Recently the political turmoil in Italy and Greece, France’s increasing financial troubles, and the lack of leadership in Europe and the United States, are slowly edging the planet from an economic crisis to a long-term fear factor.


November 2, 2011
Work Cut Out For Municipal League 
Kevin E. Dayhoff
This week officials from Maryland cities and towns throughout the state converged on the Cambridge Hyatt Chesapeake Bay conference facilities for the three-day Maryland Municipal League’s fall legislative conference.


October 26, 2011
The Path to Re-Election, Argentine Style 
Kevin E. Dayhoff
Riding the wave of a booming economy, fueled primarily by agricultural exports, the incumbent leftist Peronist-Justicialist and truly enigmatic president of Argentina, Cristina Elisabet Fernández de Kirchner, 58, easily won her bid for re-election on Sunday.


October 19, 2011
Bank Transfer Day 
Kevin E. Dayhoff
While everyone was distracted by what Charles Krauthammer delightfully described as, the “Starbucks-sipping, Levi’s-clad, iPhone-clutching protesters (of the Occupy Wall Street movement who) denounce corporate America even as they weep for Steve Jobs, corporate titan, billionaire eight times over…,” a new social uprising term has entered the public discourse. Saturday, November 5 is “Bank Transfer Day.”


October 12, 2011
The Maryland Redistricting Sweepstakes 
Kevin E. Dayhoff
Many veteran political observers were taken aback when Maryland Gov. Martin O’Malley’s redistricting commission released its proposed congressional redistricting plan late in the evening of October 3; especially those in Frederick and Carroll County.


October 5, 2011
The Durbin Predator Fees 
Kevin E. Dayhoff
Last week Bank of America announced it was going to further bite into the neck of the consuming public with a predatory “Durbin Fee” of $5 per month to use its debit card.


September 28, 2011
A “Capital” History Lesson 
Kevin E. Dayhoff
Yesterday, September 27, one city in the United States celebrated the anniversary of the occasion when it was the capital of the United States for one day. Can you name that city? How many cities have served as the capital of our nation since September 5, 1774?


September 21, 2011
Presidential Tax Attack 
Kevin E. Dayhoff
Just as the United States’ economy teeters on the brink of a double-dip recession, President Barack Obama on Monday prescribed his solution – $1.5 trillion in new taxes.


September 14, 2011
Special Session Challenges 
Kevin E. Dayhoff
In a little over a month, the Maryland General Assembly will hold its 15th special session since 1970. The General Assembly is scheduled to convene October 17 to redraw the state’s eight congressional districts based on the results of the 2010 census.


September 7, 2011
Without a Clue 
Kevin E. Dayhoff
Tomorrow evening President Barack Obama will lay out his job creation proposals in a campaign address to a joint session of Congress. The president previewed his plans Monday in a Labor Day speech in Detroit.


August 31, 2011
Never bet against the American farmer 
Kevin E. Dayhoff
Greetings from Southern California. This week I had the opportunity to attend a nationwide agri-business economics conference in San Diego and what I found is somewhat a mixed bag – of sorts.


August 24, 2011
As You Like It Richard III 
Kevin E. Dayhoff
Now is the winter of our discontent… On the morning of August 22, in 1485, a defining moment in English history took place with the death of King Richard III in the Battle of Bosworth Field.


August 17, 2011
Let them eat potatoes 
Kevin E. Dayhoff
It was quite fascinating recently to read an article about urban foragers who are scavenging for food at abandoned homes. If it isn’t a manifestation of the chaotic behavior of the butterfly effect at the beginnings of economic chaos theory, it is missing a good chance.



August 10, 2011
Turn off the faucet…and the lights 
Kevin E. Dayhoff
It was a tough day in the world’s dystopian financial markets Monday as turmoil over the global economy turned into wide-eyed, white-knuckle fear and liquidity began a desperate search for a safe place to spend the night.


August 3, 2011
Avoiding Debtmageddon 
Kevin E. Dayhoff
Now that Congress and the president have reached an agreement to avoid Debtmageddon, Americans can now turn their collective attention to the hard cold reality – the current recession continues to grind down the very soul of our society.


July 27, 2011
Celebrating Another ‘Recover Summer’ 
Kevin E. Dayhoff
The “Recover Summer” announced by Democrats a year ago never materialized and is now nothing but a distant memory for the more than 14 million Americans still looking for work since the “Great Recession” was declared over in June 2009.


July 20, 2011
Mr. Jefferson’s Dinner Deal 
Kevin E. Dayhoff
As the August 2 deadline looms for the U.S. to raise the debt ceiling, many avid Washington-watchers are passing the popcorn as the drama continues to unfold. For those who study economic history, this fight is as old as the Republic itself.


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