Archive for September 29th, 2011

Germany’s Bundestag has voted overwhelmingly to boost the scope of the EU’s rescue fund but implicitly capped its firepower at €440bn, leaving it no clearer whether Europe has the means to halt debt contagion to Italy and Spain. By Ambrose Evans-Pritchard TelegraphUK 29 Sep 2011 Chancellor Angela Merkel won her “own majority” for the... »

When it comes to supporting UK manufacturing, the Coalition government’s record has so far proved almost as disappointing as the last one’s. By Jeremy Warner TelegraphUK 29 Sep 2011 First there was the decision to favour Siemens over the all British alternative for the Thameslink trains contract; now comes the devastating news of 3,000... »

By: Justice Litle Market Oracle Sep 29, 2011 While the world fixates on Europe, signs of a China crash are mounting behind the scenes. Imagine you run a business with 3,000 employees. Your factories churn out 20 million pairs of sunglasses per year — the best-selling brand in China. You are a celebrated businessman... »

By Ashleigh Oldland Gazettes.com It’s not unusual to find professor Nate Onderdonk and his students digging trenches in the dirt at the base of Southern California’s San Jacinto Mountains, examining how the layers have been impacted by plate tectonics. Onderdonk, 37, who teaches at California State University, Long Beach, is an expert when it... »

Police evacuated residents and tourists from the foot of a volcano on Spain’s Canary Islands after a series of earthquakes raised fears of an eruption. TelegraphUK 29 Sep 2011 With the Pico de Malpaso mountain spitting rocks intermittently and a growing rumbling underground, authorities made emergency preparations on Wednesday in case the volcano blows... »

by Washington’s Blog September 29, 2011 (See below for notes on the music.) The king’s men Have betrayed us Tricked us out of Our homes No one else Gonna save us We must stand up On our own Divided We’ve been conquered For too long We’ve played their game United We’d be invincible So... »

By David DeGraw AmpedStatus.com September 29th, 2011 How Anonymous, AmpedStatus, the NYC General Assembly, US Day of Rage, Adbusters and Thousands of Individual Actions Led to the Occupation of Liberty Park and the Birth of a Movement As the occupation of Wall Street moves into its third week, there are many questions about the... »

12160.info Over the past 12 days, however, those numbers have grown. On a late-night visit to Zuccotti Park on Tuesday, the fecklessness and disorganization reported earlier in the New York Times seemed largely absent. A protest that began in utter dysfunction has given way to a fairly organized movement with a base camp for... »

by Phoenix Capital Research ZeroHedge.com 09/29/2011 wanted to take a moment to address the Fed’s new program of buying the long-end of the Treasury curve and its implications. First off, because of the August collapse in stocks, long-term Treasuries have already rallied quite sharply. Indeed, the 30-year Treasury just hit a new ALL TIME... »

by Tyler Durden ZeroHedge.com 09/29/2011 Denial. Denial is safe. Comforting. Religiously and relentlessly abused by politicians who don’t want nor can face reality. A word synonymous with “muddle through.” Ah yes, that “muddle through” which so many C-grade economists and pundits believe is the long-term status quo for the US and the world just... »