Tag: Crisis

Aug 19

Italy’s world records – #3

Every day the ‘government of professors’ adds miles to its distance from reality. While the burden for new taxes and inflation weights for over 2.300 euro per family in 2012, recession is stronger than ever and taxes fly at the top of EU taxation systems, the professor chats with Tempi (magazine of Comunione e Liberazione, …

Continue reading

Aug 15

Italy for sale -#2

Debt, crisis and tax evasion keep their pressure on Italian Government and stress political relationships. In this scenario, tens of theories about sales of public assets crowd the summer debate on media, pushed by Ministers and politicians. Monti Government is now engaged in the new challenge of selling the (residual) family silver, after its recent …

Continue reading

Jul 31

China’s new cut to rare earth export quota

USA is looking at building a trade case on the restrictions at WTO, accusing China of market manipulation with its 72% cut of export quota of rare earth elements. China currently dominates the market of rare earth elements with 95% of global production, and its move is seen as particularly dangerous for the ICT and …

Continue reading

Jul 27

French dream

In these days, major Italian media published on the Web false information about the unbelievable Hollande’s economic measures and achievements (as heavy cuts to Church, benefits and wages in the public sector, several thousands new jobs created, etc.), taken from a fake on Facebook and Repubblica as detailed by Wired and  Excite , while they miss …

Continue reading

Jul 25

“Stop socialism”… and “information theft”

There is a bit of humor in the paper presented by the SPD leader Sigmar Gabriel against dominant policies for banks bailout with public money, and States sinking with economic and social disasters. However, both that paper (presented in this interview to Tagesspiegel) in Germany and the plea to stop ‘information stealing’ on economic and …

Continue reading

Jul 21

Other top banks under investigation for LIBOR-EURIBOR rate-rigging

At least four more banks such as HSBC, Deutsche Bank, Société Générale and Crédit Agricole, could be implicated in the scandal of manipulations operated on the primary financial indexes in Europe and the world. Read artciles from Guardian and Sole24ore.

Jul 21

US economic recovery is a dangerous mirage

Unlike the eurozone and the UK, where a double-dip recession is already under way, the US has undergone even more public sector releveraging – effectively stealing growth from the future… Nouriel Roubini, Guardian Business blog