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Aug 18, 2011

IRELAND, Portugal, Spain, Italy, Greece News, Aug 18, 2011


Let Greece, Ireland, Portugal Default, Pimco's Kashkari Says
San Francisco Chronicle
17 (Bloomberg) -- European politicians should let Greece, Ireland and Portugal default while taking steps to ensure Italy and Spain won't, according to Pacific Investment Management Co.'s Neel Kashkari. "They are delaying and denying as long as ...
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In Defence of PIGS
Telegraph.co.uk (blog)
If all else fails, he should draft a letter from the leaders of France, Italy, Spain,Portugal, Ireland, Cyprus (plus Belgium, Malta and Slovenia, if they want) requesting the withdrawal of Germany and its satellites from monetary union. ...
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Telegraph.co.uk (blog)
My Country, Right Or Wrong, My Country!
Forbes
Who knows when Old Glory emerges from its misty malaise, but I am sure we ain't Italy or Spain, and certainly not Greece, Portugal or Ireland. Not even England or France which hardly ever show much GDP momentum. Our work force, although not fully ...
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How Austerity Is Ushering in a Global Recession
Wall Street Pit
We all know about the weaknesses in Europe's “periphery” – Greece, Ireland, Spain, Portugal, and Italy. But the drop in Europe's core is dizzying. Germany grew at an annualized rate of just half a percent last quarter, down from 5.5 percent in the ...
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Flaherty helps steer efforts to calm economic jitters
Montreal Gazette
In Italy, it's 175 per cent, according to European Union figures. German and French banks are holding a lot of debt from Greece, Ireland, Portugal, Spain and Italy, which is the main reason European and North American markets were so jumpy last week. ...
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Jamie Dimon: What Really Drives the Business
GuruFocus.com
The bank's exposure to Portugal, Italy, Ireland, Greece and Spain was about $15 billion, and if there is an extreme outcome, the bank might lose $3 billion after tax. Jamie doesn't believe that is going to happen. But the bank will stay in those ...
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Treasuries shrug off PPI, edge lower
CNN
In response to mounting debt and sluggish economic growth, experts have called for new bonds denominated in euros -- a move aimed at pushing rates lower in Portugal, Ireland, Italy, Spain andGreece. But analysts and investors aren't waiting around for ...
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Weak shilling takes Kenya's debt burden to a new high
Business Daily Africa
Four other Eurozone economies including Portugal, Ireland, Italy and Spain are facing similar debt stress that has severely hampered their ability to sustain public investment and run government. Investors have responded to these stresses by raising of ...
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Business Daily Africa
Struggles in Europe put North African recovery at risk
The National
About 21 per cent of North African exports head to Portugal, Spain, Italy, Greeceand Ireland, the nations most embroiled in the debt crisis. Europe as a whole accounts for an even greater proportion of goods, including 73 per cent of Tunisian exports. ...
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The National
31 countries have participated in a UNESCO exercise aimed at testing the ...
Balkans.com Business News
Others are planned for Greece, Italy and Portugal at a later date, reports IrishWeatherOnline.com. The 31 Member States of the ICG/NEAMTWS are: Belgium, Bulgaria, Cape Verde, Croatia, Cyprus, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, ...
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St. John family ready for yearlong trip through Europe
Jackson Clarion Ledger
A: In order: Greece, Turkey, Albania, Montenegro, Croatia, Hungary, Czech Republic, Austria, San Marino, Italy, Vatican City, Monaco, Spain, Morocco, Portugal, France, Luxembourg, Liechtenstein, Switzerland, Germany, Austria, Poland, The Netherlands, ...
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World economy: Capitalists unable to stop the turmoil
Socialist Party
Italy and Spain's governments alone need to find an extra €840 billion over the coming 18 months - more than the total of bailouts already found for Greece, Ireland and Portugal. The ECB measure will ease the situation in relation to the debts of Italy ...
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Sanctions only way to save euro
International News Network
According to recent opinion polls, public support in Europe for the huge rescue packages required by Greece, Ireland and Portugal -- with Spain and Italy seen next at risk -- is fading away.Another recent poll also shows that Dutch voters wantGreece ...
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International News Network
Europe's Utilities No 'Safe Haven' as States Search for Cash
Bloomberg
Faced with the cost of bailing out Portugal, Ireland and Greece, as well as their own budget deficits, European leaders are scrambling for funds. Utilities, many of which are partially state owned, are an attractive source of tax revenue, according to ...
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Stop Cairnsian spending and keep surplus promise
The Australian
Since the turn of the century, the main international borrower, or current account deficit, countries in the OECD region have been Australia, New Zealand, the US, Iceland, Greece, Italy, Portugal,Spain, Ireland and Britain. All of these economies, ...
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Big Banks Shedding Assets; Will Small Banks Keep Originating...
Mortgage News Daily
... and the fear that sovereign debt would spread has done just that: French, German, and Spanish banks are now viewed as vulnerable since they hold a good amount of poor European debt fromGreece, Italy, Spain, Portugal, and Ireland. ...
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METALS-LME copper up on steady China demand, Asian equities
Reuters Africa
The picture was equally grim for the region's high debtors -- particularly Greece, Italy, Spain,Portugal and Ireland -- where little or no growth means debt-cutting targets will be even harder to achieve as tax revenues shrink and welfare payments ...
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The Futures of Civilization
AINA (press release)
For if European civilization was paralyzed by social liberation and got its death blow from bowing out of Christendom, then what explains that societies retaining a thick Christian residue — Portugal,Italy, Ireland, Greece, and Spain spring to mind ...
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The Matheo Solution by Marcel Van Silfhout
Oman Tribune
The economies of these countries - the so called 'PIGS-group' which contained Portugal, Ireland,Greece and Spain (some say, Italy too) - simply didn't match the other European nations. The euro, they warned, was an impossible 'One-Size-Fits-All' ...
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Baku 2012: 42 countries reportedly confirm; the Czech Republic to return?
Escdaily
... Germany, Greece, Hungary, Ireland, Israel, Italy, Latvia, Lithuania, Malta, Moldova, the Netherlands, Norway, Poland, Romania, Russia, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine and the United Kingdom. ...
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Polling places to include Scotland, but Chile and Venezuela dropped
Latvians Online
Greece at the Embassy of Latvia, 38 Vas. Konstantinou Ave., Athens. Hungary at the Embassy of Latvia, 20 Vas Gereben utca, Budapest. Ireland at the Embassy of Latvia, 92 St. Stephen's Green, Dublin, and the CIE Sports & Social Club, Upper Carey's Road, ...
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EU avoids double-dip recession despite grim portents and sluggish growth
Irish Times
Even Portugal, which is undergoing harsh austerity, managed to emerge from its recession. After two consecutive quarters of contraction, the economy stabilised in the April-June period. NeitherIreland nor Greece has published figures yet. ...
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The Evolution Has Run Its Course
Intellectual Conservative
The visual indicators of the results of such actions are run on the nightly news courtesy of Greeceand the UK. What is occurring with the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) has proved the economic model of social democracy is every ...
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EUR/USD - Looking at Shorter Patterns to Grasp Powerful Trends
FXstreet.com
However, any resurgence in risk appetite, possibly prompted by a resolution to PIIGS dilemma (Portugal, Ireland, Italy, Greece, and Spain) may cause a break of a bullish flag resistance which coincides with upper portion of a symmetrical triangle at ...
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FXstreet.com
Tigo Rwanda cuts tariffs to Europe by over 70%
Telecompaper (subscription)
... Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxemburg, Malta, Monaco, Netherlands, Norway, Poland,Portugal, Romania, Slovakia, Spain, Sweden, Switzerland, Turkey and the UK.
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Investment Club: Sticking with portfolio principles saw loss of dividend but a ...
Scotsman
The UK, unlike the PIIGS countries - Portugal, Italy, Ireland, Greece and Spain - can, to some extent, also print money to get out of trouble. The usual problem with the printing money solution is that inflation might get out of control. ...
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Merkel-Sarkozy Debt-Crisis Plan Shuns Steps Sought by Investors
BusinessWeek
Merkel and Sarkozy also pledged to harmonize German and French corporate taxes, a step with minimal implications for the economic outlook in Greece, Portugal and Ireland, now relying on 365 billion euros ($527 billion) in official loans to stave off ...
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Dispatches from Spain: How does a Socialist Government cope with ...
By Steven Hill
Spain has been much in the news lately due to its unwanted membership in the notorious PIIGS (PortugalIrelandItalyGreece and Spain) club of high debt countries. Adding color to the media coverage has been large protestor ...
Social Europe Journal» Columns
How Austerity Is Ushering in a Global Recession
By admin
We're on the cusp of a global recession. We all know about the weaknesses in Europe's “periphery” – GreeceIrelandSpainPortugal, and Italy. But the drop in Europe's core is dizzying. Permalink ·News · Share this page ...
News
Eurozone's GDP slows in Q2 | China business news
By CBN
The picture was equally grim for the region's high debtors – particularly GreeceItalySpainPortugaland Ireland – where little or no growth means make debt-cutting targets will be even harder to achieve as tax revenues shrink and ...
China business news
Why aren't things working better in Europe? - Straight Dope ...
By xtisme
I know that a few really serious economic emergencies in a few countries like SpainGreeceIreland, etc are having an impact on them all, but it doesn't seem like Germany, France or England (who I would guess are powerhouses in the ..... Greece, Iceland, ItalyIreland, and Portugal (not all EU countries but European countries in the news for economic woes) are in the top 20 for debt to GDP ratio. Spain is 28. The USA is 37. I have no idea what the EU would be as a ...
Straight Dope Message Board
Economic perspectives of the Eurozone and US debt crises
Among the key leading business and economic news across the globe for the ... when the economies of the PIIGS (Portugal, Ireland, Italy, Greece and Spain) ...
www.thecitizen.co.tz/.../13703-economic-perspectives-of-the-e...
"Welfare state" is at peril/TRT-English
Many countries, including Greece, Portugal, Ireland, Spain and Italy, ... like France and Britain are also moving towards this direction. Related News ...
www.trt-world.com/trtworld/en/newsDetail.aspx?...8748...

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Aug 18, 2011


Asia currencies stay buoyant amid storms
Financial Times
“In a financial crisis, the Asian currency trade won't work, as money will go into US dollars,” says Mark Matthews, Asia head of research at Julius Baer, the Swiss private bank. “Otherwise, by rule of thumb, Asian currencies will follow China in its ...
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European debt summit: Germany is using financial crisis to conquer Europe
Daily Mail
If the global financial markets continue to have no confidence in the sticking-plaster rescue packages offered by Eurozone leaders, some nations will go bankrupt — one or two, such as Greece and Ireland, are already more or less trading while ...
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Daily Mail
Why Goldman Sachs (and Warren Buffett) Always Win
National Legal and Policy Center
What happened next may be one of the most peculiar footnotes to the global financial crisis. In an effort to make up for the losses, Goldman offered Libya the chance to become one of its biggest shareholders, according to documents and people familiar ...
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Frank Holmes: Gold Is for Fighting Deflation, Not Inflation
Business Insider
China, India, Russia, the US, Europe—they all have negative real rates of return. They are all offering a negative real rate of return in short-term deposits and bonds. Gold will start to rise on thatfinancial aspect. Add in the deficit spending ...
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Idaho's bonds shine against the backdrop of the past month
IdahoStatesman.com
One oracle of the financial crisis, banking analyst Meredith Whitney, last year predicted a wave of defaults in the muni market. That hasn't come true so far. Boise County did file for municipal bankruptcy — a rare event — earlier this year because ...
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Gold & Silver: Full Spectrum Dominance
Gold Seek
The sovereign bond crisis has circled the peripheral nations, rendered its wreckage, and is working toward the center where the USTBond and UKGilt reside (worried). Italy and Spain are squarely in the crosshairs for financial assaults, but France and ...
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Carlyle Pitches Wall Street on IPO Valuation
Bloomberg
Still, expansion has driven costs higher than its peers, people familiar with the firm's financialstatements said. Its first foray into hedge funds ended when the credit crisis forced Carlyle three years ago to shut its only hedge fund, ...
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BSE Small-Cap, Mid-Cap indices extend recent steep losses
India Infoline.com
Merkel and Sarkozy late Tuesday proposed governance changes for the euro zone, but dismissed the idea of countries jointly issuing euro-zone bonds -- an idea that has gained traction in recent weeks as a way to tackle the crisis. Most Asian stocks fell ...
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Obama on Iowa Stump Says Strong Recovery Will Begin With Small Businesses
Bloomberg
Standard & Poor's first-ever downgrade of the US credit rating, risks of a spillover effect from Europe's debt crisis and volatility in global markets are drawing comparisons to the beginning of the 2008financial crisis. ...
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Wall Street Breakfast: Must-Know News
Seeking Alpha
"Merkozy" also proposed a tax on financial transactions, sending shares in banks and stockexchanges lower. SABMiller goes hostile with $10B Foster's bid. SABMiller (SBMRY.PK) has turned its A$9.51B ($9.97B) offer for Foster's Group (FBRWY. ...
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Cantor Seeks Hedge Funds of Funds in Asset-Management Push
San Francisco Chronicle
Cantor has expanded its equity, fixed-income and investment-banking businesses as larger rivals cut staff during the financial crisis. The firm sees a chance to enter the $2.04 trillion hedge-fund industry because of the difficulty money managers have ...
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Fannie-Freddie, News Corp., China Banks, Samsung: Compliance
BusinessWeek
He urged an expanded European Financial Stability Facility or a euro bond. “People always seem to have the feeling that there is one method that we'll spring us out of the crisis and in this context there seems to be that the last resource we have is ...
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Going Dutch: One Possible Solution to the Euro Debt Crisis
Seeking Alpha
The latest round in the European sovereign debt crisis has been, without a shadow of doubt, the most serious and the most potentially destabilising for the global financial system of any we have seen to date. Pressure on bond spreads in the debt ...
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EUROZONE Debt Crisis News, Aug 18, 2011

New initiatives won't solve Europe's debt crisis
Salon
Following their much anticipated economic summit in Paris on Tuesday, French President Nicolas Sarkozy and German Chancellor Angela Merkel announced new initiatives to address the escalating euro zone debt crisis. Although details remain murky, ...
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SPACE, Astronomy News, Aug 18, 2011

Empire of the sun
Copy of nt sun-licks-of-flame
Independent Online

High in the heavens, the folks on Pic du Midi only speak French, which can be a problem when it comes to the astronomy lectures. I had my book of useful phrases with me, but the only page I could get to in time was one which asked if I was a landscape ...
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The 'Virtual Universe' Will Be Full of Discoveries
Discovery News
In addition, amateur astronomers are becoming more heavily involved than ever because of the “democratization” of space via huge publically accessible astronomical databases. The consequences are that we are on the cusp of a knowledge explosion in ...
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Dara O Briain's search for stars - thanks to Cardiff astronomer
WalesOnline
With the support of the Institute for Astronomy in Hawaii, Cardiff University lecturer Dr Gomez provided the You're Fired host with an hour of observing time from his computer in London, capturing breath- taking images of outer space hundreds of light ...
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Final frontier
North Shore News
By Jeremy Shepherd, North Shore News August 17, 2011 Make the most of your outdoor space this summer by keeping an eye on the nighttime sky. Be prepared though; astronomy requires patience, says Michael Unger, a performer and writer at the HR MacMillan ...
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NASA's final shuttle mission crew touches down at American Museum of Natural ...
New York Daily News
The crew of the final shuttle mission touched down Tuesday at the the American Museum of Natural History, where more than 200 kids were wowed by the stars fromspace. "Hearing them speak really opened doors to astronomy for me," said Khadijah Patterson ...
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New York Daily News
Astronomy Event discusses the origin of the universe
Pravda
"When galaxies pass close to each other, they leave gas in the neighborhood and promote the formation of these blue stars," she explains, who specializes in extragalactic astronomy. It was through work with the Hubble Space Telescope, ...
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Telescope search for ET revived
BBC News
... search space for potential signals from alien life forms. Ms Foster was one of more than 2400 people who contributed to the fund to save the Allen Telescope Array. She played the lead role of an astronomer looking for evidence of aliens in the 1997 ...
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BBC News
Gaithersburg officials move to secure raises, benefits
Gazette.Net: Maryland Community News Online
Masaki Ozawa, the mayor of Oshu, Japan, and Masatsugu Ooe, the director of the Oushu Spaceand Astronomy Museum in Oshu, sent letters to Gaithersburg officials July 14 thanking them for their gifts. At a May 16 city council meeting, ...
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AARNet joins forces with consortium partners to work towards the world's most ...
PRWire
Time and frequency measurements are essential for many of the technologies underpinning modern life including telecommunications, broadcasting, commerce, IT and scientific projects such as radioastronomy. Recent advances in optical fibre technology ...
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Cosmic Matters: Interns find opportunities at Keck
Hawaii 24/7 (press release)
She was not only able to work on a real astronomy project with astronomers at a world-class observatory, but she also discovered there are skills involved in being an astronomer that go beyond understanding physics and outer space. ...
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There's NO UFO Fleet Following Elenin… Get Over It!
Paranormal Utopia
... the Chinese Space Agency. He's a South American PR Journalist for NASA. Let's clear that up. That's assuming that this was a name pulled out of the air of astronomyand this isn't completely a coincidence on a bunk story that was being created. ...
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Paranormal Utopia
New Release Offers Physic Professor's Own Prophecy on World Ending in 2012 ...
PR Web (press release)
This is the first book for popular reading by author Christopher Keating, a professor of physics with 20 years of experience conducting research in space physics, has taught undergraduate physics,space science and astronomy. ...
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NASA Research Confirms it's a Small World, After All
Space Fellowship
Very-long baseline interferometry — a radio astronomy technology that combines observations of an object made simultaneously by many telescopes to simulate a telescope as big as the maximum distance between the telescopes. ...
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Shooting star, seen from above : Space and Astronomy news daily ...
By Jonathan Nally
THIS ASTRONAUT PHOTOGRAPH, taken from the International Space Station (ISS) while over China (approximately 400 kilometres to the northwest of Beijing), provides the unusual perspective of looking down on a meteor as it passed through ...
Space and Astronomy news daily...
First Fridays at the Castle: Death from Space | BCO: CIT Blackrock ...
Emmet has also written news and feature articles for Astronomy Ireland's magazine, Astronomy &Space, of which he is a former editor. In 2001 he moved to Tasmania and ran the planetarium in Hobart's Southern Ocean and Antarctic Science ...
BCO: CIT Blackrock Castle Observatory
Space and Earth Sciences News :: Stargazers spot darkest exoplanet
Researchers spot the darkest known alien world, TrES-2b - describing it as " blacker than the darkest coal".
www.news-about-space.org/astronomy-news/cluster10933101/
Win a New iPhone Astronomy App: AstroView » Space Times News
There's a brand new astronomy app for the iPhone, iPod Touch and iPad that provides information on what you should be able to see with different ...
www.spacetimesnews.com/.../win-a-new-iphone-astronomy-ap...
A cosmic exclamation point forms in space - Topix
The deep space object VV 340, also known as Arp 302, is a textbook example of two colliding galaxies in a ... Email me Astronomy news. Learn more. Comments ...
www.topix.com/forum/science/.../TO8G0PQEMVLDQELSQ