Abby Martin Breaks the Set on Israeli War Hawks, Conscientious Objectors, Cyber Threats, Occupy Wall Street Initiatives, and the latest from Gaza.
Tuesday, November 20, 2012
Breaking The Set
Nov 19, 2012 by breakingtheset
Abby Martin Breaks the Set on Israeli War Hawks, Conscientious Objectors, Cyber Threats, Occupy Wall Street Initiatives, and the latest from Gaza.
Abby Martin Breaks the Set on Israeli War Hawks, Conscientious Objectors, Cyber Threats, Occupy Wall Street Initiatives, and the latest from Gaza.
Moody's downgrades France's government bond rating to Aa1 from Aaa
From Moodys.com
Press release source
Frankfurt am Main, November 19, 2012 -- Moody's Investors Service has today downgraded France's government bond rating by one notch to Aa1 from Aaa. The outlook remains negative.
Today's rating action follows Moody's decision on 23 July 2012 to change to negative the outlooks on the Aaa ratings of Germany, Luxembourg and the Netherlands. At the time, Moody's also announced that it would assess France's Aaa sovereign rating and its outlook, which had been changed to negative on 13 February 2012, to determine the impact of the elevated risk of a Greek exit from the euro area, the growing likelihood of collective support for other euro area sovereigns and stalled economic growth. Today's rating action concludes this assessment.
Moody's decision to downgrade France's rating and maintain the negative outlook reflects the following key interrelated factors:
1.) France's long-term economic growth outlook is negatively affected by multiple structural challenges, including its gradual, sustained loss of competitiveness and the long-standing rigidities of its labour, goods and service markets.
2.) France's fiscal outlook is uncertain as a result of its deteriorating economic prospects, both in the short term due to subdued domestic and external demand, and in the longer term due to the structural rigidities noted above.
3.) The predictability of France's resilience to future euro area shocks is diminishing in view of the rising risks to economic growth, fiscal performance and cost of funding. France's exposure to peripheral Europe through its trade linkages and its banking system is disproportionately large, and its contingent obligations to support other euro area members have been increasing. Moreover, unlike other non-euro area sovereigns that carry similarly high ratings, France does not have access to a national central bank for the financing of its debt in the event of a market disruption.
Former British PM talks to Al Jazeera on the Gaza Crisis
Nov 19, 2012 by AlJazeeraEnglish
Former British Prime Minister Tony Blair said that he is frustrated by by the mounting death toll in Gaza as well as the continued rocket shelling in Israel.
In an interview with Al Jazeera, the Quartet special envoy said he supports Egypt's effort to help broker a ceasefire between Hamas and the Israeli government.
Former British Prime Minister Tony Blair said that he is frustrated by by the mounting death toll in Gaza as well as the continued rocket shelling in Israel.
In an interview with Al Jazeera, the Quartet special envoy said he supports Egypt's effort to help broker a ceasefire between Hamas and the Israeli government.
Iron Dome in action
Nov 19, 2012 by AlJazeeraEnglish
Israel's Iron Dome comes into action as rockets fired from Gaza are intercepted.
Israel's Iron Dome comes into action as rockets fired from Gaza are intercepted.
Monday, November 19, 2012
Billions in bearer bonds could be lost due to Hurricane Sandy
More on the Wet Wealth story. Just as an aside, every atom of Gold and Silver in the world is at least 4.5 Billion years old and cannot be destroyed, only scattered.From The New York Post
Original source
It’s the biggest mystery on Wall Street.
Hurricane Sandy floodwaters inundated a 10,000-square-foot underground vault downtown, soaking 1.3 million bond and stock certificates — including bearer bonds that function like cash — and putting them in danger of turning to mush.
A contractor working for the vault owner, the Depository Trust and Clearing Corp., is feverishly working to restore the paper.
But the value of the threatened notes under 55 Water St. remains unknown to all but the innermost circle of Wall Street bankers.
One source said $70 billion in bearer bonds were in jeopardy.
DTCC — a depository controlled by the biggest financial firms on Wall Street — won’t say exactly what was in its vaults, how much the notes are worth, and who owns what.
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