Updates from July, 2012 Toggle Comment Threads | Keyboard Shortcuts

  • Phi Asset Managers 12:11 pm on July 19, 2012 Permalink | Reply  

    Merkel wins Spain bank bailout vote with large majority 

    Financial Post | Business

    BERLIN – German Chancellor Angela Merkel easily won a parliamentary vote on a eurozone rescue package for Spanish banks on Thursday despite growing unease in her centre-right coalition about the rising cost of Europe’s debt crisis for German taxpayers.

    Merkel, who won broad opposition support, managed to secure a simple majority from her own coalition in the Bundestag lower house of parliament, whose members were recalled to rainy Berlin from their summer recess for this one-day session.

    With each vote on the eurozone’s debt crisis, concern about Germany’s creeping liabilities has hardened, prompting a growing number of coalition lawmakers to rebel in recent decisions and cramping the government’s room for maneuver in European policy.

    The Bundestag backed the bailout by 473 votes, while 97 voted against, including 22 from Merkel’s coalition — fewer than the 26 coalition deputies who rebelled in a more far-reaching vote on the eurozone’s permanent rescue…

    View original post 692 more words

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  • Phi Asset Managers 11:40 am on July 19, 2012 Permalink | Reply  

    Tax Cuts? 

     
  • Phi Asset Managers 8:57 am on July 19, 2012 Permalink | Reply  

    7/19/20…capitalism and freedom 

    Traderbill's Financial Markets Weblog

    From Keep Calm and Carry On: “Corporation n: An ingenious device for obtaining individual profit without individual responsibility.” – Ambrose Bierce

    Bloomberg Quotes of the Day: “It is a profitable thing, if one is wise, to seem foolish.” - Aeschylus 

    “I believe that banking institutions are more dangerous to our liberties than standing armies.

    If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property – until their children wake-up homeless on the continent their fathers conquered.” – Thomas Jefferson, 1802…if it sounds familiar, TB had only seen the first sentence and used it as a quote. Sent by a friend.

    Bloomberg Top Stories:

    *HSBC Said to Be One of Four European Banks Targeted in Libor Rigging Probe

    *Stocks Advance With…

    View original post 2,265 more words

     
  • Phi Asset Managers 3:33 pm on July 13, 2012 Permalink | Reply  

    Barclays fraud bank’s boss gets millions 

    Dear Kitty. Some blog

    Bob Diamond cartoon

    By Tony Patey in Britain:

    Barclays bungs Diamond £2m on his way out

    Tuesday 10 July 2012

    by Tony Patey

    Barclays boss Bob Diamond walked out of his job at £40,000 a footstep, it was revealed today, a week after he quit amid a rate-rigging scandal.

    Mr Diamond – who has already raked in millions as a high-flying banker – is expected to receive £2 million after deciding to forego a potential £20m in bonuses and share awards.

    So when he walked out – with immediate effect – of Barclays’ headquarters in Canary Wharf he took the lift from his 31st-floor office and made £40,000 a stride as he went 50 metres to the door.

    He has agreed to take up to 12 months’ salary, his pension allowance and other benefits, the bank said in a statement, which works out to around £2m.

    Unreality also extended to the world of…

    View original post 229 more words

     
  • Phi Asset Managers 9:27 am on July 9, 2012 Permalink | Reply
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    BMO pays off canadian press 

    Canadian bank buys cover-up from canandian press. Banks lawyers don’t want you to know. Transcript:

     
  • Phi Asset Managers 10:26 am on July 3, 2012 Permalink | Reply  

    Canadian Big Brother 

     
  • Phi Asset Managers 4:13 pm on July 2, 2012 Permalink | Reply  

    Sherrod Brown: Blowing the whistle on private tyrants 

    The Whistleblower

    Ohio Senator Sherrod Brown (D) is up for re-election, and the campaign against him is big. But the campaign is not comprised of private American citizens; it is comprised of Wall Street banks, major insurance companies, and drug manufacturers. These enormous special interests groups see Senator Brown as a threat to their businesses, and they are doing whatever it takes to keep him from continuing his crusade against them.

    The most visible threat is posed by the U.S. Chamber of Commerce, a front for corporations that many people seem to think is a part of the U.S. government. Well, it may as well be these days – so many of the Chamber’s donors support the campaigns of puppet politicians that it seems to be an official fundraiser. The link above shows some of the largest donors to the Chamber – Merck, Citigroup, and Microsoft.

    Why is Senator Brown such…

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  • Phi Asset Managers 5:31 pm on June 27, 2012 Permalink | Reply  

    Colorado wildfires: Several fires explode across Front Range 

    Tarpon's Swamp

    A three-day-old wildfire erupted with catastrophic fury Tuesday, ripping across the foothills neighborhoods of Colorado Springs, devouring an untold number of homes and sending tens of thousands fleeing to safety in what was shaping up as one of the biggest disasters in state history. “This is a firestorm of epic proportions,” said Colorado Springs Fire Chief Richard Brown. The Waldo Canyon fire in El Paso County — which had been growing in the forested hills on the city’s west side — blew into an inferno late in the afternoon, raging over a ridge toward densely populated neighborhoods.

    Here is what Waldo Canyon looked like overnight …

    An apocalyptic plume of smoke covered Colorado’s second-largest city as thousands of people forced to evacuate clogged Interstate 25 at rush hour trying to get to their homes or to get out of the way.

    By nightfall, roughly 32,000 people left their homes, chased…

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  • Phi Asset Managers 3:26 pm on June 27, 2012 Permalink | Reply  

    Montreal mayor miffed at whistleblower comments 

     
  • Phi Asset Managers 3:24 pm on June 27, 2012 Permalink | Reply  

    Montreal Mayor threatens to sue anti-corruption whistleblower after graft accusations 

     
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