Submitted by danps on Sat, 04/13/2013 - 10:02am
The response to the bank failures in Cyprus has ostensibly been about cracking down on money laundering, but the action being taken will take down the country's economy with it.
Cross posted from Pruning Shears. Read below the fold...
Submitted by ubetchaiam on Thu, 07/26/2012 - 6:17pm
The headline reads: "Study: Pop music becoming louder and less original" ; I knew that ! In fact it is easily discernible for any fan of rock and roll. And that study also reflects an overall affectation of U.S. culture.
There really isn't much in the way of current lyricists that paint pictures like the older songwriters did. Or music that complements such lyrics. Read below the fold...
Submitted by ubetchaiam on Sun, 07/22/2012 - 5:15pm
Submitted by libbyliberal on Fri, 06/22/2012 - 3:39am
Submitted by captain nemo (not verified) on Sat, 12/05/2009 - 2:09pm
European Union governments have given in to the pressure and appear set to make a last-minute agreement with the United States to allow its intelligence agencies to monitor bank accounts and transactions across the bloc.
Actually, the EU has been clandestinely allowing US intelligence agencies to have access to these financial records since 2001, allegedly to fight terrorism.
However, EU citizens were outraged when this invasion of privacy was revealed in 2006.
Now, however, interior ministers and security officials of the 27-member bloc are going to meet on November 30 to make a decision on legally allowing the United States to have access to bank data across the EU. Read below the fold...
Submitted by Hal on Thu, 04/09/2009 - 4:39pm
Just read this via a twitter I got:
Congressional Panel Suggests Firing Managers, Liquidating Banks
A congressional panel overseeing the U.S. financial rescue suggested that getting rid of top executives and liquidating problem banks may be a better way to solve the economic crisis.
The Congressional Oversight Panel, in a report released yesterday, also said the Treasury may be relying on too rosy an economic scenario to guide its $700 billion bailout, and declared that the success of the program after six months is “mixed.” Three of the group’s members disagreed with at least some of the findings. Read below the fold...
Submitted by Card-carrying_B... on Tue, 03/03/2009 - 9:35am
So I just got a notice from Capital One saying that:
"at Capital One we are committed to providing valuable customers like you with honest and open communication. Today, we're notifying you that terms of your account are changing."
"Due to the extraordinary changes in the economic environment, we're reviewing our existing credit card accounts. . . . [and] we will be changing your Purchase and Balance Transfer rate. "
After 2010 the rate will go up to 17.9%, and vary by adding 14.65% to the Prime Rate. Then, they are raising my default rate to 29.4%. It may vary monthly and will be determined by adding 26.15% to the Prime rate. Read below the fold...
Submitted by connecticut man1 on Fri, 02/06/2009 - 3:34pm
Submitted by lambert on Thu, 11/06/2008 - 9:55am
Meanwhile, the Treasury has clarified life insurers are eligible to participate in its capital-infusion program, provided they are or apply to become a federally regulated bank or thrift. A significant number of insurance companies in the U.S. would qualify as they operate banks or thrifts.
Motivations to participate range from strengthening balance sheets to securing a source of money for acquisitions.
Read below the fold...