Show-me
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You get the prize!
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coolhand's Account Talk
- Thread starter coolhand
- Start date
You get the prize!
coolhand
Well-known member
http://www.risk.net/credit/news/1600414/-drastic-measures-curb-public-debt-bis
Economists at the Bank for International Settlements have warned the fiscal problems facing industrial economies are more serious than official figures suggest, and that proposed measures for tackling public debt could prove insufficient.
In a report called The future of public debt: prospects and implications, the authors say important factors, such as the costs associated with ageing populations in industrialised countries, have been overlooked.
Economists at the Bank for International Settlements have warned the fiscal problems facing industrial economies are more serious than official figures suggest, and that proposed measures for tackling public debt could prove insufficient.
In a report called The future of public debt: prospects and implications, the authors say important factors, such as the costs associated with ageing populations in industrialised countries, have been overlooked.
coolhand
Well-known member
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/04/10/BUDV1CSC61.DTL&type=business
An amount of office space equivalent to 13 Bank of America buildings sits vacant in San Francisco today as companies continue to shed more square footage than they rent - a trend that won't change until employers start putting more people behind desks.
The 13 million square feet of available space in the first quarter of 2010 translates to a 17.7 percent office vacancy rate, up from 14.7 percent a year ago and nearly one percentage point from the previous quarter ending in December, according to data released Friday by the real estate firm Jones Lang LaSalle.
An amount of office space equivalent to 13 Bank of America buildings sits vacant in San Francisco today as companies continue to shed more square footage than they rent - a trend that won't change until employers start putting more people behind desks.
The 13 million square feet of available space in the first quarter of 2010 translates to a 17.7 percent office vacancy rate, up from 14.7 percent a year ago and nearly one percentage point from the previous quarter ending in December, according to data released Friday by the real estate firm Jones Lang LaSalle.
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aE3sf8VtpYYU
European governments offered debt- burdened Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end its fiscal crisis and restore confidence in the euro.
European governments offered debt- burdened Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end its fiscal crisis and restore confidence in the euro.
coolhand
Well-known member
It's backed off a lot since last night. We may get a sell-off after all.
coolhand
Well-known member
http://www.reuters.com/article/idUSN1221033520100412?type=marketsNews
The Government Accountability Office (GAO) said the postal service faces "daunting financial losses" of more than $238 billion over the next decade.
The GAO said Congress should form a panel of independent experts to make recommendations that could include removing the requirement that mail be delivered within six days, reducing USPS' operations, and allowing it to do business in new, non-mail-related areas.
"If no action is taken, the risk of USPS's insolvency and the need for a bailout by taxpayers and the U.S. Treasury increases," the GAO said.
The Government Accountability Office (GAO) said the postal service faces "daunting financial losses" of more than $238 billion over the next decade.
The GAO said Congress should form a panel of independent experts to make recommendations that could include removing the requirement that mail be delivered within six days, reducing USPS' operations, and allowing it to do business in new, non-mail-related areas.
"If no action is taken, the risk of USPS's insolvency and the need for a bailout by taxpayers and the U.S. Treasury increases," the GAO said.
coolhand
Well-known member
http://voices.washingtonpost.com/fe..._postal_service_business_no.html?hpid=topnews
The U.S. Postal Service's current business model "is not viable" and the mail agency should make deeper job and wage cuts, hire more part-time staff and consider outsourcing operations, according to a draft of a government audit acquired by The Federal Eye.
The U.S. Postal Service's current business model "is not viable" and the mail agency should make deeper job and wage cuts, hire more part-time staff and consider outsourcing operations, according to a draft of a government audit acquired by The Federal Eye.
anthony
Member
I found the solution. We'll balance out the new socialization of health care by completely privatizing mail delivery.
coolhand
Well-known member
http://www.zerohedge.com/article/im...scue-facility-half-trillion-contribution-glob
And all the pundits thought that the IMF would be on the hook for just €10 billion... The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion. The current lending participant group of 26 entities will be increased by 13 new members all of whom will contribute token amount of capital to the NAB. The one country most on the hook in the new and revised NAB - the United States of America, will provide over $105 billion in total commitments, or 20% of the total facility.
And all the pundits thought that the IMF would be on the hook for just €10 billion... The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion. The current lending participant group of 26 entities will be increased by 13 new members all of whom will contribute token amount of capital to the NAB. The one country most on the hook in the new and revised NAB - the United States of America, will provide over $105 billion in total commitments, or 20% of the total facility.
Boghie
Well-known member
The important quote:
I'm sure glad we were there with the Greecian Formula.
Those napping Greeks can enjoy their benefits in peace and security.
Certainly they will be there in our time of need:nuts:
The one country most on the hook in the new and revised NAB - the United States of America, will provide over $105 billion in total commitments, or 20% of the total facility.
I'm sure glad we were there with the Greecian Formula.
Those napping Greeks can enjoy their benefits in peace and security.
Certainly they will be there in our time of need:nuts:
Tsunami
Well-known member
And where will the U.S. get that money from? I know, we'll borrow it from the IMF!!
Man, the clock is ticking down fast to the end game now.
Boghie
Well-known member
And where will the U.S. get that money from? I know, we'll borrow it from the IMF!!
Man, the clock is ticking down fast to the end game now.
President Obama may well be remembered as the first President to require a loan from the IMF.
Does China donate funding to the IMF/
Someone has to be there for us
coolhand
Well-known member
http://www.telegraph.co.uk/finance/...S-bank-accounting-masks-true-debt-levels.html
Data analysed by the Wall Street Journal found that 18 major banks were, on average, able to reduce debt levels used to fund securities tradesby 42pc over the last five quarters using repurchase agreements, also known as “repo” trades. Under certain circumstances, some repurchase trades can be booked as “sales” and used to reduce debt.
Data analysed by the Wall Street Journal found that 18 major banks were, on average, able to reduce debt levels used to fund securities tradesby 42pc over the last five quarters using repurchase agreements, also known as “repo” trades. Under certain circumstances, some repurchase trades can be booked as “sales” and used to reduce debt.
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXe22ycnTdEM
Intel Corp., the world’s biggest chipmaker, forecast second-quarter sales that topped analysts’ predictions, citing growing worldwide demand for computers. The shares rose in late trading.
Intel Corp., the world’s biggest chipmaker, forecast second-quarter sales that topped analysts’ predictions, citing growing worldwide demand for computers. The shares rose in late trading.
coolhand
Well-known member
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asbXQ1VWKyRM
Greece still faces the danger of a “death spiral” because the cost of borrowing in the euro region’s rescue package is too expensive, billionaire investor George Soros said.
“While it’s better than what the market is currently willing to offer, it’s still rather high,” Soros said at an event in London late yesterday organized by the Economist magazine. “It is a question of solvency. If you start charging very high rates as the market does in anticipation of solvency then that pushes you into insolvency.”
Greece still faces the danger of a “death spiral” because the cost of borrowing in the euro region’s rescue package is too expensive, billionaire investor George Soros said.
“While it’s better than what the market is currently willing to offer, it’s still rather high,” Soros said at an event in London late yesterday organized by the Economist magazine. “It is a question of solvency. If you start charging very high rates as the market does in anticipation of solvency then that pushes you into insolvency.”
