It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
China and Russia surge ahead with there new versions of communism
What is clear is that in 2010, almost 28 percent of Greeks, or 3.03 million people, lived at risk of poverty or social exclusion, according to numbers released last week by the EU statistical agency Eurostat. With the recession only having deepened since, it seems likely that the number of poor Greeks rose in 2011.
Greece traditionally has one of the lowest suicide rates in Europe, but the increase has been dramatic. Since the beginning of the crisis, the suicide rate has almost doubled. In 2011, there were almost six suicides per 100,000 citizens. When the callers to the suicide hotline are asked for their reasons for suicidal thoughts, Bekiari says, they often answer with two words: the crisis.
The full year drop was a record 6.8%, compared to the expected 6% projected in the 2012 budget.
On the other hand, at least Greece can boast that it has better employment stats than Spain with its 23% Q4 unemployment. In fact, Greece can boast a better industrial number than Germany when December output fell just 2.4% compared to Berlin's 2.7%.
Interesting, where the corruption in the United States prevents the Regulators (SEC & CFTC) from actually protecting investors, Singapore is doing what the US will NEVER do. The Monetary Authority of Singapore (MAS) is aiming to revamp the way derivatives contracts are traded to reduce the risk of a MF Global/Lehman Brothers-style disaster over there where the US Regulators will NEVER do the job. The most important change will mean any trades in these complex derivative products will be cleared at a central institution such as the Singapore Exchange (SGX). This will wipe out the US market and the only safe place will be Singapore. This seems to be falling perfectly in line with our computer model that shows the Financial Capital of the World is shifting to Asia.
Singapore has become the most important derivatives market within Asia. The market there has displaced the US and Japan and has reached about US$9.8 trillion (Singapore $12.3 trillion) a year. This is an incredible market that has been dominated by foreign exchange, oil and debt markets. About US$700 trillion of such contracts are traded globally on an annual basis. With Singapore actually regulating instead of being bought and paid for, it may become the new Financial Rome/Mecca.
Some eurozone countries no longer want Greece in the bloc, Finance Minister Evangelos Venizelos has said.
He accused the states of "playing with fire", as Greece scrambled to finalise an austerity plan demanded by the EU and IMF in return for a huge bailout.
On Wednesday German Finance Minister Wolfgang Schaeuble told local radio he wanted to help Greece, but "we are not going to pour money into a bottomless pit", in comments translated by the AFP news agency.
What will those 400 Abrams sent to Greece do?
"Today, for the first time in 15 years, this plant is running at full capacity," Obama said. "Today you're selling products in China, with those words, ‘Made in America.' "
Originally posted by marg6043
reply to post by DangerDeath
Well at least he have the right idea, that is something he should have done a long time ago, he is trying to undo the great job that Bush and Clinton did on letting companies get away with outsourcing and on top of that giving them tax brakes at the expenses of tax payers encouraging the outsourcing.
Now will he be successful? I wonder.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
It said among 17 banks and securities firms with global capital markets operations, it might cut the long-term credit rating of UBS, Credit Suisse and Morgan Stanley by as much as three notches following the review. It said the guidance was indicative.
Among the banks that might be downgraded by two notches are Barclays, BNP Paribas, Credit Agricole, Deutsche Bank, HSBC Holdings, and Goldman Sachs.
Bank of America and Nomura were included in those that might be downgraded by one notch.
Originally posted by Swordbeast
reply to post by DangerDeath
I doubt that the 400 Tanks are planned to be used against the greek people. They are intended to be used as couter to increasingly bold language from turkey in general and concerning Cyprus specifically.
It would be prudent to keep an eye on the developments in the Greek/Turkish relationships, as there is much going on that is overshadowed by "more important" news.
A quick brainstorming for Google-searches:
- Oil & Cyprus
- Greek forest fires due to turkish arson
- military spending of Greece & Turkey
- language concerning their neighbours from both countries.
- migration of turks into greece
I'm sure there's more to search for.