Tuesday, 31 May 2011

Greece Could Raise 300B Euros By Selling State Assets: ECB Official


As the noose tightens around the neck of Greece and the financing package is not getting any easier to repay, however they slice the cake then all that is left is to sell the assets. The actual thought that one day a billionair­e not a country could own the Acropolis or the like is quite amazing to say the least, but in these days of ever changing political and economic fortunes - not beyond comprehens­ion.
Read the Article at HuffingtonPost

Tuesday, 24 May 2011

Obama praises Britain. He’s too kind. No really, he is.

Obama praises Britain. He’s too kind. No really, he is.: "


So, Barack Obama is currently touring Europe. Yeah, I know what you’re thinking: Europe, why? Doesn’t he detest the Old Continent?


Well, yeah. Judging by the way he has treated Europe ever since he became president, at least.


Apparently, however, he now feels we’re somehow of vital importance for his agenda. (You wonder whether his dismal approval ratings at home have anything to do with this trip, but that as an aside) So he graces us with his presence. Oh my, how wonderful: the almighty himself has arrived. (I guess that means that the end of Europe is indeed nigh; nigher even than most of us thought)


The British newspaper the Telegraph reports that British PM David Cameron and Obama have dubbed the relationship between their two countries, which was once known as “the special relationship,” as the essential relationship. Apparently, the American president wants to send a message of friendship to the British people (who he has insulted in numerous occasion).


That’s very considerate of him. Especially considering the fact that he is not exactly known for being considerate to anyone.


In any case, I’m afraid that the renaming of the ‘special relationship’ is actually an insult as well. Special implies something positive; something you’re happy about. Essential, on the other hand, may give people the impression that it’s not a marriage (or relationship) of love, but of necessity. We need each other… whether we like it or not.


Of course the two men also stress the point that there’s “a deep emotional connection” between their nations, but it’s clear to anyone with half a brain that such words don’t come from the heart. Not from Obama’s, anyway.


This post originally appeared at Right Across The Atlantic.

" These two really do like themselves or is it each other a lot - don,t they"

" The Roving Giraffe News Report " provided by Ace News

Debt ceiling crisis: The debt ceiling is a pointless, dangerous relic, and it should be abolished.

Debt ceiling crisis: The debt ceiling is a pointless, dangerous relic, and it should be abolished.: "Today, the United States officially hit its $14.3 trillion debt ceiling, meaning the country can no longer issue new bonds to finance its debt. The Treasury Department has already started undertaking 'extraordinary measures' to keep the country's bills paid. Eventually, though, the United States will need to do one of three things: default on its obligations, start making drastic cuts in federal spending, or raise the debt ceiling again.

[more ...]


Add to <span class=Facebook" src="http://images.pheedo.com/images/mm/facebook.gif">
Add to Twitter
Add to <span class=digg" src="http://images.pheedo.com/images/mm/digg.gif">
Add to <span class=Reddit" src="http://images.pheedo.com/images/mm/reddit.png">
Add to <span class=StumbleUpon" src="http://images.pheedo.com/images/mm/stumbleit.gif">
Email this Article

Ace News - says -


So finally the U S is admitting that they are in debt and need to take " extraordinary measures " personally l would say "drastic" before it becomes to late to save them from the brink and as their so called Allie we will support them until what ? We see the top of the empire state building disappearing under a sea of debt or will we wake up to our own deliberations first and become aware that our debt crisis in the U K is far from over and allying ourselves to a country even more in the mire than ourselves may not one day save either of us.

Monday, 23 May 2011

Things Going From Bad To Worse For Zombie Homeowners

Things Going From Bad To Worse For Zombie Homeowners: "

Back in 2006 when we launched Doom, we took a lot of heat for taking the position the home prices were set to fall nationally. I must confess though, I didn’t think that five years later, I’d be saying the same thing. It’s not just us though—here’s the latest from Zillow. [Hat tip John!] New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse. Average home prices are down 8% from a year ago,...



Read this item at Housing Doom...


" A little more information about the latest problems in the housing market be careful how much you borrow as the asset may become worth less than you owe"

" The Roving Giraffe News Report " provided by Ace News

Republicans Open To Health Care Compromise In Deficit Talks

Republicans Open To Health Care Compromise In Deficit Talks: "

By Andy Sullivan

WASHINGTON -– Top congressional Republicans said on Sunday they would be open to a compromise on healthcare costs, one of the biggest stumbling blocks in a deal to get the United States' debt under control.


Read More...

More on Paul Ryan





" The Roving Giraffe News Update " provided through Ace News Service

Housing Market's Prospects Bleak As Foreclosed Property Backlog Grows

Housing Market's Prospects Bleak As Foreclosed Property Backlog Grows: "

The ailing housing market remains hampered by the backlog of distressed properties, which is growing larger as banks repossess more homes than they sell.

Banks now hold more than 872,000 homes, nearly twice as many as in 2007, the New York Times reports, citing data from RealtyTrac. In regions like Atlanta and Minneapolis, banks are seizing more homes than they're selling, suggesting that their staffs are overwhelmed by the volume of foreclosures, the NYT notes.

For the broader housing market, which still has not hit bottom, this glut constitutes an ever-present drag. Foreclosed properties weigh on an already weak market, and the presence of a 'shadow inventory' that has yet to be put up for sale darkens the long-term outlook for the market, further hindering progress.


Read More...

More on Citibank



The price of property keeps falling but banks and building societies keep telling us to lend as it is only a glitch and things will improve
but it will not be them that has the debt, but other people led to borrow when we maybe we should wait.

" The Roving Giraffe News Report " provided through Ace News Service

Black Lung Disease On The Rise Again

Black Lung Disease On The Rise Again: "

Black lung disease, long a killer of coal miners, is on the rise again after retreating in the 30 years since Congress passed tougher mine safety laws, health and safety experts said on Friday.
The renewed appearance of the disease emerged from an investigation of the worst U.S. coal mining disaster in four decades. It comes at a time when coal prices have risen sharply and some mine operators have been accused of cutting corners on safety in favor of profits.

Read More...

More on Healthy Living Health News


" Our organisation always puts peoples health before profits with any contracts we supply "

" The Roving Giraffe News Report " provided through Ace News Service

Sony PlayStation Network Hack To Cost $170 Million

Sony PlayStation Network Hack To Cost $170 Million: "

TOKYO -- Sony Corp. is expecting an annual loss of $3.2 billion, reversing its earlier projection of a return to profit, as the electronics giant struggles with production disruptions from Japan's tsunami and a hacker attack on its online gaming service.

The Japanese maker of PlayStation 3 video game machines and Bravia flat-panel TVs said Monday that the projection of a 260 billion yen ($3.2 billion) net loss for the fiscal year ended March 2011 was largely due to writing off 360 billion yen ($4.4 billion) related to a tax credit booked in a previous quarter.


Read More...




" Just showing that any corporation can be hacked and the cost will run into billions to protect its consumers from hacking of their products and websites "

" The Roving Giraffe News Report " provided by Ace News

Republicans Open To Health Care Compromise In Deficit Talks

Republicans Open To Health Care Compromise In Deficit Talks: "

By Andy Sullivan

WASHINGTON -– Top congressional Republicans said on Sunday they would be open to a compromise on healthcare costs, one of the biggest stumbling blocks in a deal to get the United States' debt under control.


Read More...

More on Paul Ryan



"