#1
Always wanting someone else to pay the bill. Perhaps they can find some of that oil for food graft money that flowed into Tota Fina Elf and others and help out with that.
They shouldn't but they will.
The dam is breaking in Europe. Interbank lending has seized up. Much of the financial system is paralysed, setting off a credit crunch just as Euroland slides back into slump.
#5
Europe has a larger population and a larger economy than the U.S. Until recently the core EU had a per-capita GDP equal or slightly greater than per-capita GDP in the U.S.
Europe has plenty of resources. What they lack are leadership, will and understanding. Even if the U.S. had the resources to bail them out, and we don't, it would just kick the can down the road.
Europe -- and the U.S. -- has to face a fundamental rule in economics: what can't go up forever won't.
Let Europe bail itself out, and let the U.S. bail itself out.
Posted by: Steve White ||
11/28/2011 9:21 Comments ||
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#6
Yah sure. The mighty American honest taxpayer...or at least the few that are left... will run to the rescue of the Europeans and their youthful retirements, free healthcare, and long, long vacations. When we have none of that ourselves. LOL!
Sorry Euope, but all our future taxes are already spoken for by our government employees.
#7
They mean round 2.
Wall Street Aristocracy Got $1.2 Trillion in Secret Loans It wasnt just American finance. Almost half of the Feds top 30 borrowers, measured by peak balances, were European firms. They included Edinburgh-based Royal Bank of Scotland Plc, which took $84.5 billion, the most of any non-U.S. lender, and Zurich-based UBS AG (UBSN), which got $77.2 billion. Germanys Hypo Real Estate Holding AG borrowed $28.7 billion, an average of $21 million for each of its 1,366 employees.
The largest borrowers also included Dexia SA (DEXB), Belgiums biggest bank by assets, and Societe Generale SA, based in Paris, whose bond-insurance prices have surged in the past month as investors speculated that the spreading sovereign debt crisis in Europe might increase their chances of default.
The $1.2 trillion peak on Dec. 5, 2008 -- the combined outstanding balance under the seven programs tallied by Bloomberg -- was almost three times the size of the U.S. federal budget deficit that year and more than the total earnings of all federally insured banks in the U.S. for the decade through 2010, according to data compiled by Bloomberg.
#8
Any nation willing to become a territory of the US for a minimum of 50 years would merit the consideration of a loan. Otherwise let them fall and the pieces will come back stronger.
#9
They bought their ticket, time for them to take the ride....
Posted by: M. Murcek ||
11/28/2011 15:51 Comments ||
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#10
..you might even get Obama to bite on that one if you said that he'd get the power and glory to appoint the Proconsul Territorial Governor. Think of the bidding war. It's got to beat what his old Senate seat pulled.
I thought so. They will either be using taxpayer's money or they will be printing more money and thus devaluing the dollar.
The Fed's Board of Governors is appointed by the President somewhat like the members of SCOTUS. They do not answer to the President or to any legislative branch. Congress enacts laws that affect the economy but they are disconnected from the Fed.
#14
Stansberry and Associates September issue "[M]uch of the funding for Europe's banks comes from U.S. money-market funds and the interbank market. Only about 54% of their capital comes from their customers. A large amount of their capital 33% comes from sources that would transmit the crisis to America. The wholesale credit market in Europe comes from U.S. money-market funds. Europe's interbank market touches major U.S. money center banks. How will American creditors respond to the crisis? ". European Central Bank (ECB), the Federal Reserve, and the world's other major central banks will provide funds. Then Citizen, please send us what you can to save our country. Hoarding will not be tolerated. Those overweight by 20 pounds are hoarding money and foodstuffs. Report, failure to do so will result in the harshest consequences. In "whose name that cannot be said aloud". Just saying. Just ignore me.I go away after awhile.
[Dawn] Hussain Haqqani's was definitely last week's most watched media trial on prime time TV. Far from being done with him, this Thursday, the media found a new newsmaker in one Zainab Bibi. The woman 'confessed' to the police, under the camera glare, that she had indeed murdered her husband and then tried to cook his body parts just when the neighbours raised alarm and called in the cops. The reason for the brutal murder: he was a drunkard and used to beat up his wife and step daughter.
You might think that the most disgusting aspect of the uncanny show was the TV anchor interviewing her at the cop shoppe, and self-righteously grilling her to extract step-by-step gory details of the crime. But think again, for this is Pak media which does not know where to stop.
Cut to the studio, and the same anchor had on live calls a Mufti Sahab and a woman rights activist. The maulana hurriedly declared Zainab Bibi a liar and doubted her statement as to the motive of killing her husband; the rights activist condemned the murder and asked the maulana to also condemn in similar words the killer of Salmaan Taseer. This is where the anchor's wish was granted and all hell broke loose.
The maulana categorically stated that Qadri in his love for the Prophet of Islam was overwhelmed by the blasphemy committed by the former governor, Punjab and killed him. It was a crime of passion, committed in the heat of the moment, which did not allow the murderer the time to think clearly. In the normal course, Qadri should have brought a blasphemy case against the governor.
This was too much to fathom for the rights activist and a two-way shouting match ensued. The maulana accused the rights activist of being westernised in her thinking; she in turn accused the maulana of being ill-mannered because of his bad upbringing. The anchor took a commercial break after failing to silence either of them.
A few questions of media and police ethics arise here: Why was the anchor allowed to interview the accused at length at the cop shoppe to prove her culpability beyond a doubt to his audience, who sat in jury on her? Why did the anchor give ready credence to Zainab's confession? Why were a maulana and a rights activist selected to debate the issue? A murder had been committed, and neither the holy man nor the rights activist qualified as a criminologist or a sociologist.
Given the mudslinging that ensued between the two panelists who championed very different and unrelated causes to the crime that was committed, the show ratings must have gone through the roof, thus serving the cause of the channel and not of justice, much less of holding an intelligent debate.
The take-home for the audience: the self-confessed murderer wife shall burn in hell alongside the rights activist who, it seemed, was cornered into defending the 'murderer', citing high incidence of domestic violence in which mostly women are the victims. The maulana conveniently 'established' the non-credibility of the rights activist because most NGOs that play up violence against women in the Islamic Theocratic Republic of Pakistain are funded by anti-Islam donors and manned by westernised Paks who seek their guidance from the West and not the Koran and Sunnah. The maulana also ostensibly scored a high point by asking the rights activist to repent for what she had to say on Salmaan Taseer's murder.
The missing gap -- and a gaping hole it is -- lies in the fact that Pakistain has 21st century information technology to showcase only medieval mindsets. Religion remains the prism through which everything and every issue must be seen for any validation.
A sorry state to be in, indeed.
Posted by: Fred ||
11/28/2011 00:00 ||
Comments ||
Link ||
[11128 views]
Top|| File under: Govt of Pakistan
Although America should not act alone against Syria, U.S. leadership is needed to galvanize a coalition for effective action. That means President Obama will need to put away any lingering illusions about the desirability of maintaining Assad in power and do whatever is needed to help topple him swiftly, thereby limiting the physical and psychological damage to the Syrian people and easing the work of rebuilding a free Syria.
#3
I should prefer the US not get involved in this situation until there are people with sanity at the helm of our nation. It's just not the time or place for the 8 year old's to get involved with.
#8
Max Boot, born in Moscow, urging Americans to fight war after war in the Middle East powder keg (and Yugoslavia). Hmmm...and we should listen to him why?
Portland's Lincoln High School welcomed an anti-Israeli pro-Palestinian rap group to perform at a school assembly on November 4th. The group DAM was brought to town by the Portland State University Middle Eastern Studies Department. DAM was scheduled to make a special appearance at the school and give a special concert/assembly during school hours.
Lincolns Arab Studies Program funded for the second year by Qatar Foundation International, sponsored the rap groups visit to the high school. The school promoted the assembly as an opportunity for students to hear another perspective on a controversial issue, in this case the Israeli-Palestinian conflict.
Buying access has its privileges. In fact, the students might actually understand the words of the Arabic language raps calling Jews killers and Nazis since the school now offers Arabic classes thanks to the same foundation.
The school's Arabic teacher, who offered extra credit for Lincoln students who attended and wrote about the group's evening concert at PSU, claimed the group didn't encourage terrorism.
Some Jewish students at Lincoln students learned of the planned assembly and called on the school to re-think the invitation. Instead the school held a 'listening session' on November 1st for parents, Rabbis and students to vent.
From the sidelines Peyton Chapman, Lincoln High School principal, jumped in with, If the word Nazi comes up at the assembly, were going to discuss it.
#1
Selected lyrics from "Who's A Terrorist", by DAM.
You're a Democracy?
Actually it's more like the Nazis!
Your countless raping of the Arabs soul
Finally impregnated it
Gave birth to your child
His name: Suicide Bomber
And then you call him a terrorist?
Who's a terrorist?
I'm a terrorist?
How I am a terrorist
When you've taken my land?!
Who's a terrorist?
You're the terrorist!
You've taken everything I own
While I'm living in my homeland
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[Dawn] Hussain Haqqani's was definitely last week's most watched media trial on prime time TV. Far from being done with him, this Thursday, the media found a new newsmaker in one Zainab Bibi. The woman 'confessed' to the police, under the camera glare, that she had indeed murdered her husband and then tried to cook his body parts just when the neighbours raised alarm and called in the cops. The reason for the brutal murder: he was a drunkard and used to beat up his wife and step daughter.
Punjab
