Euro bank notes Türkçe: Euro banknotlar
(Photo credit: Wikipedia)
Economist – The calm that descended in the wake of the European Central Bank‘s flood of cheap, long-term bank lendinghas broken. A trillion euros will buy you about four months, as it turns out. What happens now?
What are the euro zone‘s problems? Primarily:
- Peripheral workers are uncompetitive and easy routes to devaluation are off the table.
- Markets therefore question the ability of sovereigns to make good on their debts. In the absence of a lender of last resort to governments, yields rise and fears of insolvency are self-fulfilling.
- Because governments are individually responsible for domestic banking systems, this leads to fears of banking collapse, which feedback into the growth and debt problems. Without a printing press, governments can’t credibly promise to be bank-lender of last resort without further undermining solvency.
How has the euro area addressed the fundamental problems? The slow, grinding process of internal devaluation is underway but is a long way from completion. There have essentially been no active steps taken to facilitate internal rebalancing. more> http://is.gd/G53exg
Posted in Banking, Economy
Tagged Bank, Capital, Currency, Debt, European Central Bank, Eurozone, Government, Lender of last resort, Loan, Super regions
By Alex Kidman – [Australia]
- The NBN rollout will require staff for construction and maintenance, but fibre splicing might be your best bet for some steady NBN work if you’re keen. [Lifehacker]
- iiNet will become the first service provider to offer all three types of NBN connectivity — fibre, satellite and wireless — when it kicks off its wireless service next month. [ITWire]
- Speaking of fixed wireless, services have commenced flowing from NBN Co’s first fixed wireless tower in Armidale, with Internode being the first retail provider. [ITWire]
- NBN Co’s started an aggressive advertising push, paying for radio time on Sydney’s 2GB, home to a number of NBN critics. They read the paid advertisements — but not without adding their own editorial spin beforehand. [Delimiter]
Posted in Broadband, Economy, Net, telecom
Tagged Australia, Broadband, Fixed wireless, IiNet, Internet, National Broadband Network, NBN, Sydney, Wireless, Wireline
The 9th hole on the par-3 course at the Augusta National Golf Club during the par-3 contest prior to the 2006 Masters Tournament. Jack Nicklaus' ball is to the left of the pin, and he had his grandson putt it (and he made it). The sequence can be seen on a video posted to youtube, Jack Nicklaus - Augusta 2006. Andy North's ball is to the right. Nicklaus, North, and Tom Watson were playing as non-competitors in the par-3 contest.
(Photo credit: Wikipedia)
By Alicia M. Cohn – President Obama thinks women should be allowed membership in the Georgia golf club that is hosting the Masters tournament this week, according to the White House.
“His personal opinion is women should be admitted,” White House press secretary Jay Carney said in a press briefing on Thursday.
The debate over the club’s exclusive membership has recurred numerous times since the club’s founding in 1933. This year, technology company IBM, one of the tournament’s corporate sponsors, appointed a woman, Virginia M. Rometty, as new chief executive. The CEOs of the tournament’s corporate sponsors have traditionally been offered a complimentary membership in the club, but Rometty has not yet been offered one.
“We’ve kind of passed the time that women should be excluded from anything,” Carney said. more> http://is.gd/icggT8
Posted in Business, History, Leadership
Tagged Barack Obama, Georgia, IBM, Jay Carney, Masters Tournament, Organization, United States, White House, White House Press Secretary
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