Tax evasion
It appears that some of the problems in Greece may be related to pure capitalism and the desire to avoid taxes. We may be headed in the same direction. http://www.nytimes.com/2010/05/02/world/europe/02evasion.html?hp
Categories: news Tags: desire, greece, problems, pure-capitalism, the-problems, the-same
World markets tumble aseuro debt crisis escalates
www.comcast.net/articles/news-general/20100428/World.Markets/ World markets tumbled wednesday amid acute fears that Greece's debt crisis would spread like wildfire through Europe after a leading credit ratings agency downgraded the country's debt to junk status and cut Portugal's rating as well. I guess this is bigger than what everyone thought.
Categories: news Tags: country, debt-crisis, downgraded-the-country, europe, greece, junk-status, leading-credit, like-wildfire, markets-tumbled, news, portugal, rating-as-well, ratings-agency, world
Portugal in Debt
Europe debt crisis spreads to Portugal Unemployed school teachers chant slogans at an anti-government demonstration... ATHENS — Greece was pushed to the brink of a financial abyss and started dragging another eurozone country — Portugal — down with it Tuesday, fueling fears of a continent-wide debt meltdown. Stocks around the world tanked when ratings agency Standard & Poor's downgraded Greek bonds to junk status and downgraded Portugese bonds two notches, showing investors that Greece's financial contagion is spreading.
Categories: finance, news Tags: chancellor, euro, europe, eurozone, finance, finances, france, german, greece, greek, international, news, tuesday
America needs scum like Goldman Sachs
Yes we do, like it or not. It's how you and I live.
Categories: Mortgage, news Tags: banks-took, europe, european, goldman, greece, hearing-how, let-hedge-fund, messing-things, mortgage, news, paulson, securities, securities-put
CBO & Non partisan CONCORD COALITION- US headed for INSOLVENCY in 10-15 yrs
http://www.washingtontimes.com/news/2010/mar/26/cbos-2020-vision-debt-will-rise-to-90-of-gdp/ CBO REPORT: DEBT WILL RISE TO 90% BY 2010 President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday. In its 2011 budget, which the White House Office of Management and Budget (OMB) released Feb. 1, the administration projected a 10-year deficit total of $8.53 trillion
Categories: news Tags: cbo, chairman, conservative, greece, house, labor, liberal, management, news, president, white
IMF, Greece May Negotiate EU20 Billion Aid Program
Isn't this grand....Fellow members of the EU are balking at bailing out Greece...leaving it to the IMF....unfortunately for the USA....the lion's share of IMF funding comes from America. The International Banking elite are forcing financial Indentured Servitude upon all Americans.
Categories: news Tags: biggest-budget, chief-european, countries-might, european, european-union, greece, international, monetary-fund, needs-financial, news, support-within, take-the-lead, usa
Across the Pond
The truly intelligent can learn from the mistakes of others rather than experiencing them themselves...unfortuantely that is not the case with the current powers to be.......as we embarq on the same path to self destruction that is ripping through Europe. Britain Resists Austerity to Cure Budget Woes http://www.nytimes.com/2010/03/25/business/global/25welfare.html?pagewanted=2&partner=rss&emc=rss LONDON — As a midwife in Britain’s ever-expanding National Health Service, Rachel Voller has been one of many millions who have benefited from the Labour government’s decade-long spending boom. Her pay has risen over 11 years by more than 20 percent in real terms, to £35,000, or $53,000.
Categories: news Tags: britain, british, conservatives, countries, country, european, financial, government, greece, largest, news, recession, silver, spain, sweden
Greece Looks to US, EU For Economic Reform Help
The U.S. ? Obama and company are trying to take America down the road Greece has been traveling and probably with the same results if they manage to accomplish it
California is a greater risk than Greece, warns JP Morgan chief
California has borrowed more than it can ever pay off.
Categories: finance, news Tags: california, cost, current-debt, debt, finance, greece, jamie-dimon, making-minimum, more-worried, morgan-chase, risk, state, the-state
Greece: Faltering under the weight of Socialism
It appears that Greece can no longer afford to pay the "entitlement" classes of the country. This is what happens when you're promises to pay far outweigh what you can tax from the private sector. We are on our way towards this same type calamity. Oddly enough, Obama, most Dems, and some Repubs dont seem to matter as long as they're re-elected and they're personal interest are taken care of. http://www.bloomberg.com/apps/news?pid=20601087&sid=auLLhrWZiKi8 http://apnews.myway.com/article/20100224/D9E2IF1G0.html
Categories: news Tags: country, dont-seem, greece, longer-afford, matter-as-long, news, obama, private, Repubs, same-type, the-private