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EU: Treaty of debt (ESM) – stop it now! (2011)
Monthly Archives: September 2012
German Constitutional Court Rejects Calls to Block ESM Fund
“Germany’s highest court paved the way Wednesday for the creation of Europe’s €500 billion ($640 billion) rescue fund for indebted governments after it rejected challenges to Germany’s ratification of the ESM that argued it violated the country’s constitution. The bailout fund will takes its place alongside plans by the European Central Bank to buy unlimited amounts of short-term government bonds issued by troubled countries. ‘This is a good day for Germany and it is a good day for Europe,’ said Chancellor Angela Merkel. The ESM wouldn’t have been able to start work without Germany, its No. 1 contributor.”
http://abcnews.go.com/Business/wireStory/markets-brace-german-decision-crisis-fund-17215120
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German Finance Minister Says ‘Great Uncertainty’ About US Debt
“German Finance Minister Wolfgang Schaeuble questioned on Tuesday how the U.S. could deal with its high levels of government debt after November’s presidential election. In a speech to the Bundestag lower house of parliament to open a debate on the 2013 German budget, Schaeuble said worries about U.S. debt were a burden for the global economy, hitting back at Washington which has criticized Europe for failing to get a grip on its own debt crisis. In private, German officials often express concern about U.S. debt levels and the inability of politicians there to reach a consensus on how to reduce it.”
http://www.cnbc.com/id/48982485
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What is Really Going on in Sweden?
“Sweden has a large welfare state and is successful. This is often seen as a proof that a ‘third way’ policy between socialism and capitalism works well, and that other nations can reach the same favourable social outcomes by simply expanding the size of government.
If one studies Swedish history and society in-depth however it quickly becomes evident that this simplistic analysis is flawed. The Swedish experience might as well be used to argue for the benefits of free-market oriented policies, and as a warning of the economic and social problems that can arise when government involvement in society becomes too large.”
http://www.economicpolicyjournal.com/2012/09/what-hell-is-really-going-on-in-sweden.html
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Sweden aims to be cashless society
“Swedes are amongst the technologically savvy people on the planet, based on their high rates of use of mobile phones and internet banking. In fact, only three per cent of all financial transactions in the country are made using cash these days. Even public transport tickets can now be pre-paid using mobile phone technology, and most people use similar services to pay for everything from groceries to major purchases. Al Jazeera’s Linda Nyberg reports from Stockholm.”
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New nano-code ups the fight against counterfeiters
“Materials engineers led by Jon Kellar at the South Dakota School of Mines and Technology says their invention comprises a QR code made of nanoparticles that have been combined with blue and green fluorescent ink. The code is sprayed onto a surface — paper, plastic film, office tape, glass — using an aerosol jet printer. It remains invisible until the object is illuminated by a near-infrared laser. The nanoparticles absorb photons at a non-visible wavelength but emit them in a visible wavelength, a trick called upconversion that causes the QR code to pop up almost like magic and allow itself to be scanned.”
http://www.rawstory.com/rs/2012/09/11/new-nano-code-ups-the-fight-against-counterfeiters/
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N.H. State Rep Views Bitcoin As Legitimate Currency Competitor
“Mark Warden describes himself as a ‘liberty activist’ who works with ‘libertarian leaning’ constituents. As such, that Bitcoin lacks a central authority and operates outside the government offers some natural appeal. And just how did Warden get the idea to accept Bitcoin donations? From a staffer who requested to be paid a Bitcoin-per-hour for his work, and who then suggested Warden accept the medium as part of his campaign. The right-leaning Rep. says he’s received donations from Texas, Rhode Island, Virginia and even the U.K., although he had to return the latter due to federal election laws.”
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Interest in BitCoin, Fledgling Electronic Currency, Grows
“BitCoins are essentially encrypted numbers that have fluctuating value according to open-market trading. It has been referred to as a crypto-currency for the complex system under which BitCoins are generated and traded. Gallippi, who runs BitPay with Stephen Pair, said the company recently signed up merchant number 1,000, a significant mark for a currency that has only been in existence since 2009. BitPay hopes to compete against payment services from big credit card networks such as Visa and MasterCard and others such as PayPal by offering lower transaction fees but keeping merchants’ confidence about BitCoin’s security.”
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Jesse Trentadue: Death, Lies, and Revenge in Federal Custody
“Talk by Jesse Trentadue on ‘The Trentadue Case: No Time to Mourn’ given September 6, 2012 at Town Hall Seattle in Seattle, WA and sponsored by the Post-Prison Education Program.”
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Religious Antipathies Aroused
“The trailer was uploaded to YouTube by Sam Bacile, a 52-year old Israeli-American real estate developer in California. He told the Web site he had raised $5 million from 100 Jewish donors to make the film. ‘Islam is a cancer,’ Mr. Bacile was quoted as saying. The video gained international attention when a Florida pastor began promoting it along with his own proclamation of Sept. 11 as ‘International Judge Muhammad Day.’ In Libya, some group, aroused by the video, has retaliated by attacking the U.S. embassy and killing the ambassador and three of his staff.”
http://www.lewrockwell.com/blog/lewrw/archives/120703.html
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