The Closer
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ROUND-UPUS markets ended down after a late, eurozone-related, sell-off. The S&P 500 closed down 0.7 per cent at 1,314.88. The Nasdaq fell 0.86 per cent, closing at 2,818.61 (Reuters)....
St Kilda tug-of-love gets serious
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When a certain Blogmeister suggested that this Kat prepare a post on the ST KILDA trade mark, she immediately thought of the inner Melbourne suburb with Luna Park and a certain football team and got peckish at the thought of Acland Street cake s...
The power of lipstick, killer heels and the perfect pencil skirt
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That was a deliberately detrimental quote. It was used to demonstrate that in today’s working world, your gender still matters. 13.7%. This is the percentage, in 2012, of female board members in the largest companies listed in the EU. I’ve always...
The European Union defines success in Rio: A definition of "green economy"
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The European Union is sending a huge delegation to the Rio+ 20 UN mega conference, due to begin in Rio de Janeiro next week. Today EU überwarmist Connie Hedegaard and environment commissioner Janez Potocnik briefed the press about their expectations...
Moody’s cuts Spain to one notch above junk
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UPDATE: Cyprus downgraded too — see below.Just last Friday, Moody’s warned:Although the government retains access to private markets, reliance on any form of external support,...
The road to Damascus may well run through Moscow | Timothy Garton Ash
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The killing of civilians is horrendous, but direct military intervention is unlikely to succeed. Try carrots and sticks insteadI hope that one day ex-president Bashar al-Assad will stand before the international criminal court charged with crimes aga...
The road to Damascus may well run through Moscow | Timothy Garton Ash
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The killing of civilians is horrendous, but direct military intervention is unlikely to succeed. Try carrots and sticks insteadI hope that one day ex-president Bashar al-Assad will stand before the international criminal court charged with crimes aga...
5 Plus 8 New SVHC Candidate Listers
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In a meeting last week, Europe's Member State Committee (MSC) unanimously agreed on the identification of five substances of very high concern (SVHCs). These will be added to the Candidate List and may subsequently become subject to authorization. &n...
The End Of Labor Productivity Has Commenced ….. The Decline Of Labor Productivity Will Be Ongoing …. As Capital Died 6-1-2012 When Mario Draghi Announced The Euro Is Unsustainable
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Financial market report for June 13, 2012 Introduction The end of labor productivity has commenced ….. The decline of labor productivity will be ongoing …. Mario Draghi gave the death sanction of capital on 6-1-2012, in announcing that t...
Copula culture
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OK – Lisa’s the modelling maven and she’s promised a longer post on this paper tomorrow…Yep, the Gaussian copula. Again.“‘The Formula That...
Fee Hikes, Parasites, and a New Look at Fair Use: The Copyright Society of the USA's Annual Meeting
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After this Kat’s last post, she was a bit hopeful that the sticky morass of fair use would just disappear for a bit. This Kat could be so lucky. Of course, her participation at the Copyright Society of the USA’s Annual Meeting, which...
GERMANY’S CONSTITUTIONAL CONUNDRUM: Guest post by Marshall Auerback
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Hans-Werner Sinn, president of Germany’s Ifo Institute and the director of the Center for Economic Studies at the University of Munich, has taken to the pages of the NY Times to explain why Berlin is balking on a further bailout for Europe. Amon...
GERMANY’S CONSTITUTIONAL CONUNDRUM: Guest post by Marshall Auerback
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Hans-Werner Sinn, president of Germany’s Ifo Institute and the director of the Center for Economic Studies at the University of Munich, has taken to the pages of the NY Times to explain why Berlin is balking on a further bailout for Europe. Amon...
Could a Finnish exit trigger the end of the euro?
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Matthew Lynn, chief executive of the London based consultancy Strategy Economics, thinks that Finland´s exit could be the trigger breaking the eurozone in its present form: But here’s how it might come to a head over the summer: a “Sp...
Why Civilization is Doomed
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Because among the leisure class there are people who want to dismantle modernity, and risk starting trade wars over things that only matter to their moral vanity.I say take away their iPads and see how long they last.
Wirtschaft im Wandel: Neue Rahmenbedingungen für Unternehmen
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Diskontinuierlichen Wandel nennen Wissenschaftler den fortwährenden Umbruch der Wirtschaft. Er geschieht völlig autark und ist eine völlig natürliche Gegebenheit einer ständig im Wandel begriffenen Gesellschaft. Auch kommt ein Wandel in der Wirt...
France Will Propose New Stability Package
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France is set to propose a new stability package for the Eurozone. It would have the ECB tighten bank supervision and the ESM (European Stability Mechanism) authorized to recapitalize banks directly rather than through governments (as in Spain). The...
Meine Damen und Herren – the government guarantees
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Chart from a new OECD report estimating the value of implicit sovereign guarantees for reducing the cost of bank debt…And in terms of percentage of GDP:To a large...
BindelBollocks: The Resurrection
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Julie Bindel asks: ‘What makes some of us uncomfortable with bisexual women?’ She concludes: I believed then, and I believe now, that if bisexual women had an ounce of sexual politics, they would stop sleeping with men. Got that, ladies?
A lengthening Treasury stock
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Ultra-low rates, plenty of demand… why on earth wouldn’t you lock that in? The chart below shows the US Treasury is adopting just such an approach with the average...
Xstrata, un-pricing Glencore…
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That’s Xstrata, down 6 per cent at 910p at pixel. It was sitting at the top of the Footsie “losers” board towards the end of Wednesday’s session, just...
