GEAB N°71 is available! United States, March-June 2013 – Unpluggig the
world’s sick man: last impact phase of the global systemic crisis
We had underestimated the decanting period’s duration which we have gone
through for more than four years, a period during which all the crisis’ players
have worked to a common goal, to gain time: the United States, whilst making
every effort to prevent the appearance of alternative solutions to the dollar,
in spite of the catastrophic situation of all its systemic fundamentals, to
prevent its creditors from abandoning it (discrediting other currencies
including the Yen from now on, tenacity against the attempts to disconnect oil
from the dollar, etc…); the rest of the world, in setting up skilful strategies
consisting of maintaining its assistance towards the United States to avoid a
sudden collapse from which it would be the first to suffer, and at the same time
constructing alternative and of decoupling solutions...
'Too big to fail' banks must be broken up - Fed official
US "megabanks" with large toxic assets accumulated during the crisis
should be split into smaller units, according to a senior Fed official. Thus
they won’t be able to use the “too big to fail” excuse to get another government
bailout...
Penalizing the real estate market through an increase in interest rates in
2013?
We have seen that the fall in interest rates for real estate loans as well
as their increase in duration could explain between 20% and 30% of the rise in
prices since they increased households’ buying power by about 50%. Of course,
the opposite also applies: a rise in interest rates and a fall in loan duration
reduce their purchasing power. Unfortunately, everything indicates an increase
in the cost of short-term credit (beginning 2013) as we now analyze...
Simor Says Hungary Monetary Stimulus Would Damage Economy
The Hungarian Cabinet pushing through a plan to boost growth through
monetary stimulus under a new central bank chief would damage the economy,
outgoing Magyar Nemzeti Bank President Andras Simor said...
Japan Learned to Love Deflation in Wage Malaise Facing BOJ
A decade and a half after Japan slumped into deflation, the central bank
is set to signal its strongest effort yet to reverse the trend. The biggest
challenge may be that the nation has come to rely on falling prices...
Qantas cancels Boeing 787 Dreamliner order
Qantas Airways Ltd. has cancelled an order for one of Boeing Co.'s BA
+1.24% 787 Dreamliners amid uncertainty over the growth prospects of its Jestar
unit's long-haul business. The 14 other Dreamliners Qantas has on order will
touch down in Australia from id-2013 as part of the airline's upgrade to its
low-cost business, the carrier said in a statement Friday...
US general says Britain risks 'special relationship' if it cuts military
Germany's finance minister Wolfgang Schaeuble has said that the problem of
high indebtedness is not limited to the crisis-hit eurozone and that the
situation in Britain and the US is worse. ..
MEPs agree credit rating agency crackdown
The European Parliament on Wednesday (16 January) voted in favour of a
cross-party compromise text agreed in November which is aimed at preventing
conflicts of interest, increasing competition, and reducing the reliance of
businesses and governments on credit ratings...
Et si Assad était en fait en train de gagner en Syrie ?
Contrairement à ce que laisse penser une partie de la presse occidentale,
le régime de Bachar Al Assad est loin d'être au bord du gouffre, tant sur le
plan politique que militaire. Malgré de réelles difficultés, le pouvoir en place
réussit peu à peu à se poser dans l'opinion comme le seul rempart crédible
contre l'ingérence étrangère et l'instauration d'un état islamique...
Life in the Red
The belt-tightening was the easy part. Cancel the cable. Skip the air
conditioners. Ration the cellphone, unplug the wireless Internet, cook rice and
beans — done, and done. The larger problem for LaKeisha Tuggle, 33, who had lost
her public relations job, was cash flow...
L’intervention militaire au Mali: les mauvais souvenirs des Américains
Pendant plusieurs années et jusqu’en mars 2012, des officiers et des
membres des forces spéciales américains ont entraîné des militaires locaux.
Ainsi, ces derniers devaient apprendre comment protéger la population civile,
comment éliminer des terroristes ou encore comment contrer le plus tôt possible
des frappes venues de l’intérieur. Pourtant, cette approche s'est soldée par un
échec : certains militaires maliens d'origine touarègue ont fait défection et
ont rejoint les jihadistes avec armes, bagages et savoir militaire acquis...
The Cost of America's Crumbling Roads and Bridges
The decrepit state of the nation's infrastructure will knock more than $3
trillion off the nation's gross domestic product through the end of the decade
if more money isn't spent to upgrade the country's roads, bridges, airports and
ports, according to a new report from the American Society of Civil Engineers...
BOE's King Warns on Search for Yield
Bank of England Governor Mervyn King on Tuesday sounded a fresh warning
about the global economy, saying the "search for yield" that previously drove
investors into unsafe assets and triggered a financial crisis may be beginning
again...
Flag Riots in Northern Ireland: Grim Prospects Drive Youth to Sectarian
Violence
relations between sectarian groups in the British province remain. They also
reveal the frustrations of a generation that has grown up feeling misunderstood
and disadvantaged...
Stock Markets Warm to Regulator's Comments on Foreign Capital
China's stock markets rallied on remarks from the securities regulator,
who implied significant changes to the cross-border securities investment
mechanism that may dramatically increase the amount of capital foreign investors
can use to trade Chinese stocks...
401(k) breaches undermining retirement security for millions
A large and growing share of American workers are tapping their retirement
savings accounts for non-retirement needs, raising broad questions about the
effectiveness of one of the most important savings vehicles for old age...
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This special Press Review reviews articles from the French and
Engligh-speaking international online media relating to the unfolding global
crisis.
It is delivered freely on a weekly basis to 60,000 recipients worldwide.
Subscription / Contact: centre@europe2020.org
It is delivered freely on a weekly basis to 60,000 recipients worldwide.
Subscription / Contact: centre@europe2020.org
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