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Tuesday, November 30, 2010

Irish Nightmare Economy - boom to burst.

TheRealNews | November 29, 2010





- Leo Panitch: U.S. created financial crisis and European banks turned the Irish Miracle into a nightmare.

Sunday, November 28, 2010

Ireland :: what American Media Said.

STRATFORvideo | November 22, 2010 - Analyst Marko Papic examines the EU-IMF bailout of Ireland and the opportunities it may present for Germany.

Dispatch: The Irish Bailout and Germany's Opportunity







GRITtv: The F Word: Solving the Irish Crisis
lauraflanders | November 23, 2010 - The financial crisis in Ireland is leading to a political crisis on the heels of a bailout and more "austerity measures." The coalition that currently rules is falling apart, the Green Party detaching from the prime minister's Fianna Fail party, and elections loom.

But just as in colonial days, the "Irish problem" is really a problem from outside. Ireland wouldn't need "help" if it hadn't been robbed by multinationals. Distributed by Tubemogul.




Saturday, November 27, 2010

World Business: Ireland's Struggling Economy

worldbusiness | November 25, 2010 - World Business: Ireland, once one of Europe's hottest economies is in a sorry state. Laden with debt, but desperate to avoid asking for help from the IMF and EU, the country has to take drastic action. With four companies going bust every day, and unemployment soaring, it will take all the luck of the Irish to get out of this economic mess.




Friday, November 26, 2010

After Ireland: who will collapse next?

france24english | November 24, 2010 - TALKING POINTS - After Ireland: who will collapse next?
After days of uncertainty, Ireland has finally called Europe to the rescue. With its banks on the brink of collapse and its budget deficit skyrocketing, the government had no choice but ask the European Union and the IMF for financial help. Will the euro come under fire from global financial markets?



Ireland's :: a case of an elite intent on total control.

. . . .the battle line is between an elite intent on total control, and the masses of people who should have the right to govern their own lives.



'European Debt Union: Ireland in Euro Cage'

RussiaToday | November 22, 2010 - Rt discusses Irish bailout with British conservative MP Douglas Carswell.



'Irish bailout a gamble, Eurozone days numbered'

RussiaToday | November 22, 2010 - Debt-stricken Ireland WILL receive a massive bailout of over a hundred billion dollars from the European Union and International Monetary Fund. It's the second emergency rescue package organized by the Eurozone, after similar measures were taken for Greece. RT talks to Sam Bowman, head of research at the Adam Smith Institute in London.





Max Keiser - "Financial Terrorists Taking Ireland Down!"

Tressco | November 16, 2010 - If Europe's single currency fails, so would the Union itself. The warning comes from the EU president, who was speaking ahead of the meeting of the Eurozone's finance ministers. Portugal has warned it could be forced out of the Eurozone, and Ireland is also being urged to use European bailout money to prevent bankruptcy. But Financial analyst Max Keiser says going to the IMF for help would be even worse...





Thursday, November 25, 2010

Malaysia Household Debt now at RM560b - 77% of GDP.

BNM reported Household debt at RM560b - 77% of GDP
Asean Financial Crisis 1997 household was at circa 60% of GDP
Creditors Category more than 70% housing loans.

Hutang isi rumah membimbangkan :: Cause of concerned - household debts.







Bajet 2011 abai masalah hutang isi rumah :: 2010 budget did not look into household debts.




Tuesday, November 23, 2010

Communist China Raises Key Interest Rate. . . and bailout

. . . America as Money Pours Into the Greenback.





FinancialNewsOnline | October 19, 2010 - The safe-harbor dollar gained sharply across the board Tuesday after China surprised investors by raising its key interest rates in an effort to ease the nation's rapid economic growth, raising the possibility of a potential slowdown.

The surge the greenback is receiving is in direct opposition to recent trends, as it has been under pressure with investors expecting further quantitative easing by the Fed.

The news also led investors to blow out of positions in commodities like oil and gold as concern regarding slowing Chinese growth could lead to a decline in demand for the commodities.


Friday, November 19, 2010

New Zealand sheep farming industry facing crisis:

AlJazeeraEnglish | November 19, 2010 - The price of lamb has been hitting record highs around the world but in New Zealand, sheep farmers say the industry is in crisis.

A series of droughts was followed by spring storms earlier this year, resulting in the country's lowest lamb yield in nearly 50 years.

Al Jazeera's Gerald Tan reports from the farming belt of Napier on the North Island.



Thursday, November 18, 2010

America initiated Global "money laundering" of the highest order!

TheRealNews | November 18, 2010 - Parasitical Capital Not Lack of Gold the Problem - Jane D'Arista: Discusses Head of World Bank suggestion return of gold standard is grasping at straws.



Tuesday, November 16, 2010

China in Latin America : The Dragon in the Room

TheRealNews | November 16, 2010 - Kevin Gallagher: Chinese investment in resources creating lopsided economy in Latin America.




Monday, November 15, 2010

World Bank Says Remittances Growing Again.

VOAvideo | November 15, 2010 - The World Bank says that the amounts of money that people who live outside their countries of birth are transfering home to developing countries is again on the rise after a steep decline during the recession. Mil Arcega tells us about it.




Hot Money Creating Havoc in Global Economy.

TheRealNews | November 12, 2010 - Kevin Gallagher: Countries Using Capital Controls to Defend Against Speculators:








Saturday, November 13, 2010

FOOD-INFLATION-GOLD

rocksiphone | November 09, 2010 - Inflation Gold Silver Food Prices Rising





G20: The Dollar System as Reserved is Broken!

RussiaToday | November 12, 2010 - With William Engdahl, The G20 has agreed to work to prevent currency wars, which could threaten global trade growth. b The summit in Seoul was overshadowed by tensions between the U.S. and major exporters China and Germany. The countries have been accusing each other of manipulating currency rates.





Thursday, November 11, 2010

American Naked Capitalism - QE2, G20 & the currency wars!

Naked Capitalism's Yves Smith: Banks to Cash In on QE2 "Carry Trade" - Fed's 600 B quantitative easing may well make more profits for bankers. Kevin Gallagher: Quantitative easing forces crippling cost on developing countries.




America & G20

US Fed Policy Complicates G20 Summit :

VOAvideo | November 10, 2010 - Concerns about an impending currency war are being stoked again as leaders gather in South Korea for a meeting of the world's top 20 economies. At issue -- the Federal Reserve's plan to pump 600 billion dollars of additional liquidity to jump-start the sluggish U.S. economy. Some analysts say the U.S. plan will hurt emerging markets by driving other currencies higher, scuttling hopes for a multilateral agreement on many trade issues. Mil Arcega reports.





Obama defends economic policies ahead of G20 summit:


AlJazeeraEnglish | November 10, 2010 - World leaders have arrived in South Korea's capital Seoul to take part in the two-day G-20 summit, which kicks off on Thursday.

The meeting of finance ministers and other official representatives of the world's 20 largest economic powers comes amid deep divisions in the bloc, particularly over the US Federal Reserve's decision last week to buy $600b of government bonds. The buyout seeks to boost the world's largest economy, but critics say it will weaken the dollar to the detriment of other nations.

A day before his arrival in Seoul on Wednesday, Barack Obama, the US president, sent a letter to the G-20 leaders defending his economic policies.

"A strong recovery that creates jobs, income and spending is the most important contribution the United States can make to the global recovery," Obama said.He also called for countries to work together in pacing the global economic recovery."When all nations do their part, emerging no less than advanced, surplus no less than deficit, we all benefit from higher growth," the president said.






Wednesday, November 10, 2010

Does the IMF help or hurt the poor nations?

Riz Khan, AlJazeeraEnglish : October 09, 2010 - As countries around the world struggle to emerge from the global economic crisis, are institutions such as the International Monetary Fund (IMF) part of the problem - or the solution? Critics accuse the organisation of pushing poorer nations deeper into debt and poverty through its conditional loans.




Tuesday, November 9, 2010

America is Seeing Red:

US slams China in major smear campaign.

RussiaToday | November 01, 2010 - China's emergence as a major economic superpower has raised concern among policymakers in Washington. They fear Beijing's rise could result in a U.S. fall. But the trade wars between the two have some experts saying that America is out to bankrupt China's rising economy.






China, Russia & Iran: Scapegoats for Con-men?

RussiaToday | November 09, 2010 - An improvised Chinese Bogeyman is dawning on the U.S. - thanks to a rising wave of sentiment in Washington. Officials warn the portrayal of Beijing as an enemy could spark a risky trade war with America's biggest creditor. But as RT's Gayane Chichakyan reports, it is not just China being used to spook the US.







Monday, November 8, 2010

American foreign policy - A global nutty twist?

America is trying to influence others, probably "arm twisting" included, such as Turkey, a bug time trading partner of Iran to cease trading with Iran.

Banned Iranian pistachios a boon for US farmers :

AlJazeeraEnglish | November 06, 2010 - US pistachio farmers are reaping the benefits of a ban on Iranian pistachios, which are included in the latest round of sanctions against the country for refusing to curtail its nuclear activities. Rob Reynolds reports from California.







How international businesses see the US sanctions against Iran:





Sunday, November 7, 2010

Does a Higher Minimum Wage Reduce Jobs? US Experience.

TheRealNews | October 07, 2010 - Dube: New study shows higher minimum wage has little effect on jobs and helps raise other wages & Do Undocumented Workers Take Jobs and Lower Wages? October 13, 2010 - Dube: Increasing evidence that legalizing undocumented workers has a positive effect on the economy.





Saturday, November 6, 2010

No Rain, No Grain: Who makes money on 'food crisis' fears?

RussiaToday | September 06, 2010 - The international community's worried this year's low wheat harvest may not meet demand. Drought-stricken Russia, a major global supplier, has decided it won't be exporting any grain until the end of next year's harvest. But as RT's Staci Bivens reports, fears of a global food crisis may be exaggerated by some looking to make a profit...





Monday, November 1, 2010

India's soaring economy hurts poor.

AlJazeeraEnglish | November 01, 2010 - Property in India's financial capital Mumbai is among the most expensive in the world.

But the high demand for housing is coming at a cost to the poor. Families of Dharavi slum are being evicted to make way for billion-dollar apartment developments.

Al Jazeera's Prerna Suri reports from Mumbai.