By NELSON D. SCHWARTZ and ERIC DASH NYTimes.com After a brief respite following the announcement last week of a nearly $1 trillion bailout plan for Europe, fear in the financial markets is building again, this time over worries that the Continent’s biggest banks face strains that will hobble European economies. In a sign of... »
Archive for May 17th, 2010
‘Lack of Trust’ Pummels Bank Lending in Europe: Credit Markets
Monday, May 17th, 2010
By Pierre Paulden and Shannon D. Harrington Bloomberg.com May 17 (Bloomberg) — Money markets are showing rising levels of mistrust between Europe’s banks on concern an almost $1 trillion bailout package won’t prevent a sovereign debt default that might trigger a breakup of the euro. Royal Bank of Scotland Group Plc and Barclays Plc... »
Debt Mountain that Hit Banks About to Hit Governments
Monday, May 17th, 2010
The second debt storm Who will bail out the countries that bailed out the world’s corporations? By Alistair Barr MarketWatch.com The financial crisis never really went away. The debt mountain that brought down some of the world’s biggest banks and dragged the international financial system to the brink of disaster has simply shifted to... »
‘There’s No Money Left,’ U.K. Minister Learns
Monday, May 17th, 2010
By Robert Hutton Bloomberg.com May 17 (Bloomberg) — Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job. “Dear Chief Secretary, I’m afraid to tell you there’s no money left,” Laws cited it as saying. “Which... »
The Government as Identity Thieves…Ron Paul
Monday, May 17th, 2010
FinancialSense.com May 17, 2010 The spotlight remains on the Greek sovereign debt crisis as the riots continue. The terms of the Greek bailout from the IMF and Eurozone countries remain contentious with citizens on all sides. Europeans hate having their governments throw public money away as much as Americans do. The Greeks are not... »
Will Sovereign Debt Contagion Cross the Atlantic to the U.S.?
Monday, May 17th, 2010
by Julian D.W. Phillips FinancialSense.com May 17, 2010 Even after the massive rescue package was delivered, confidence in the € seeped away and it weakened to $1.2320. With U.S. sovereign debt at unacceptable levels too, the debt fear ‘cThe package of new loans given to Greece seem to be more than enough... »
Now independent thinkers are considered diseased by psychiatry
Monday, May 17th, 2010
by: Ethan A. Huff NaturalNews.com Monday, May 17, 2010 Psychiatrists have been working on the fourth revision of the Diagnostic and Statistical Manual of Mental Disorders (DSM) and, in it, they hope to add a whole slew of new psychiatric disorders. Unfortunately, many of these disorders are merely differences in personality and behavior among... »
Where’s Jimmy? Just Google His Bar Code
Monday, May 17th, 2010
Scientists currently tag animals to study their behavior and protect the endangered, but some futurists wonder whether all humans should be tagged too. By Gene J. Koprowski FOXNews.com Scientists tag animals to monitor their behavior and keep track of endangered species. Now some futurists are asking whether all of mankind should be tagged too.... »
Financial Terrorists Want Global Currency, Global Central Bank
Monday, May 17th, 2010
IMF chief calls for elite to exploit economic crisis in order to impose fascist world government Paul Joseph Watson Prison Planet.com Monday, May 17, 2010 During a recent speech at a conference of elitists in Zurich Switzerland, IMF chief Dominique Strauss-Kahn called for the introduction of a global currency backed by a global central... »
Europe Throws a Hail Mary Pass
Monday, May 17th, 2010
By: John Mauldin GoldSeek.com Monday, 17 May 2010 It’s More Than Just Government Debt The Grand Misallocation New York, LA, and Italy In a 1975 playoff game, the Dallas Cowboys were nearly out of time and facing elimination from the playoffs, down 14-10 against a very good Minnesota Vikings team. The Cowboys future Hall... »