Posts Tagged ‘Brown’s Labour Party’

UK Taxpayers Ramrodded Into EU Bailout; Good Riddance to “Clown” Brown

Since when is a financial crisis a "natural disaster." ??  ("Euro-zone leaders are attempting to get round objections from countries such as Britain by invoking Article 122 of the Lisbon Treaty, intended to enable a collective response to natural disasters.")  - Ilene 

UK Taxpayers Ramrodded Into EU Bailout; Good Riddance to "Clown" Brown

REUTERS PICTURE HIGHLIGHT

Courtesy of Mish

Smack in the midst of an election that will likely cost Prime Minister Gordan Brown his job, British taxpayers ordered to bail out euro.

All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism." Britain will be unable to veto this as it will be put through under the “qualified majority voting” system.

The deal, effectively to shore up the euro, was denounced as a “stitch-up” last night after it emerged Nicolas Sarkozy, the French President and Angela Merkel, the German Chancellor, had devised it behind closed doors and were attempting to push it through at a time when there is no clear government in Britain.

“When the markets reopen Monday we will have in place a mechanism to defend the euro,” said President Sarkozy yesterday. “This is a full-scale mobilisation.”

Euro-zone leaders are attempting to get round objections from countries such as Britain by invoking Article 122 of the Lisbon Treaty, intended to enable a collective response to natural disasters. This does not need unanimous agreement.

By doing so, Mr Sarkozy has ensured a speedy confrontation with a new British prime minister and other leaders of non-euro currency countries. All 27 EU finance ministers must be present, but because decision will be taken by qualified majority vote, the 16 euro zone leaders can ensure its passage.

British exposure to liabilities created by a bail-out under the scheme would amount to around 10 per cent of the total loan. If a country failed to repay, the cost to Britain would be ¤10 billion (£8.6 billion) for every ¤100 billion on which it defaulted.

The scheme will present an immediate dilemma for an incoming Conservative government. A bail-out would increase British liabilities and debt at a time when Mr Cameron would be seeking to restrain spending.

Refusal to lend the money would plunge a Tory prime minister, overseeing a coalition or minority government, into a damaging conflict with the EU.

British officials are concerned that the EU is preparing


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Fatal flaws of our Enlightenment?

 

David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on many topics including national defense, creativity, and space exploration. He’s also one of four “World’s Best Futurists.” Find David’s books and latest thoughts on various matters at his website and blog. In ...



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ValueWalk

"Woulda, Coulda, Shoulda" - Learn To Separate Fact From Opinion

By Dr. Andrew Stotz, CFA. Originally published at ValueWalk.

Watch the video with Andrew Stotz’ interpretation of CFA Ethics and Standards of Professional Conduct or read a summary of it below.

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CFA Standards of Professional Conduct
  • Standard V-B: Communication with Clients and Prospective Clients
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And America's Dirtiest Metropolis Is...

Courtesy of Zero Hedge

Well, you guessed it, New York City of course - this dirty city has more pests and litter than any other large metropolis in the United States, according to newly compiled government data by the cleaning-services company Busy Bee.

The cleaning company ranked 40 large cities across the United States based on data from the Environmental Protection Agency (EPA), the American Housing Survey (AHS), and the U.S. Census Bureau to create an informative infographic to determine just how shitty America really is. Factors include litter, pests such as mice and cockroaches, population density, particulate matter a...



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US Olympians Are Turning To Bitcoin To Offset Competition-Related Costs

Courtesy of ZeroHedge. View original post here.

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'Bull Trap' in Dow Jones Industrial Average

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Starting to see evidence that the February bounce in markets is fading. The Dow Jones Industrial Average finished with a 'bull trap' as it ducked below breakout support despite finishing above yesterday's close. Volume dropped as relative performance against tech indices took a marked step lower. Troubling times for the 'flight-to-safety' route.


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Reminder: Pharmboy is available to chat with Members, comments are found below each post.

 

What is 'right to try,' and could it help?

In this March 18, 2011 photo, Cassidy Hempel waved at hospital staff as she was being treated for a rare disorder. Her mother Chris, left, fought to gain permission for an experimental drug. AP Photo/Marcio Jose Sanchez

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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

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Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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NewsWare: Watch Today's Webinar!

 

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Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

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CLICK ON CHART TO ENLARGE

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All About Trends

Mid-Day Update

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