Mr Varoufakis recruited a technology specialist from Columbia University to help handle the logistics. Faced with a wall of obstacles, the expert broke into the software systems of the tax office – then under the control of the EU-IMF ‘Troika’ – in order to obtain the reserve accounts and file numbers of every taxpayer. “We decided to hack into my ministry’s own software programme,” he said.
My overarching belief is that this is the most “pure macro” environment we have been in for over a decade, probably since the Asian Crisis in the late 1990s, and I just don’t think people understand what is going on.
My entire thesis rests neatly on the US Dollar. Nothing else matters and if my view is wrong on that, then it is likely wrong on many things. What is really weird to me is that most people agree with my views on the dollar but don’t have the trade on, and were less versed on the macro knock-on effects of a strong dollar. Groupthink has tended to isolate particular parts of the US or global economy and ignore the bigger picture.
Memorize This, Earn A Dollar (Aaron M.)
Importantly, actual breakdowns in market internals have been followed by market losses, on average, even since 2009 (as we saw in the near-20% plunge of 2011). In mid-2014, we imposed the requirement that market internals or credit spreads must actually deteriorate as a precondition to establishing a hard-defensive market outlook. That adaptation brings our present methods back in line with the central considerations that were responsible for our success prior to 2009.
On Feb. 14, 2011, the full force of the Arab Spring reached this tiny Persian Gulf island nation of 1.4 million in an area the size of Austin and home to the U.S. Navy’s 5th Fleet. The revolution had begun in Tunisia several months earlier and spread eastward through 12 countries, forcing out several authoritarian regimes and shaking the confidence of those that held on.
The misery endured by Mr. Long, who was eventually rescued by an aid group, is not uncommon in the maritime world. Labor abuse at sea can be so severe that the boys and men who are its victims might as well be captives from a bygone era. In interviews, those who fled recounted horrific violence: the sick cast overboard, the defiant beheaded, the insubordinate sealed for days below deck in a dark, fetid fishing hold.
Chinese Shares Tumble Again (jdargis)
Worried about the fallout, the government moved aggressively to prop up stocks with a spate of measures. Authorities suspended initial public offerings, introduced a $120 billion market stabilization fund backed by the central bank, and encouraged executives to buy company shares.
More good news from the PV front reaffirms that financing is not a problem. On July 14, Deutsche Bank put out a report stating, “YieldCo vehicles [are] publicly traded companies created for the purpose of owning operating assets that will predictably produce cash flow. This predictable cash flow primarily comes from long-term contracts. Not all income investors are aware of this asset class, but according to [analyst Vishal] Shah, ‘The YieldCo phenomenon is global, growth rates are likely to be much faster than MLPs and size of the market is likely to be much larger than the oil and gas sector’.”
Benefits Of Rotational Grazing (Wyatt B.)
There are several benefits of rotational grazing. Farmers are able to cut down on operating expenses when they utilize rotational grazing, because they reduce their labor required, equipment used, and stored feed expenses. The farmer uses all of the pasture for rotational grazing, which provides nutrition for the animals reducing stored feed needs and cuts down on the use of equipment and labor for mowing and maintaining the pasture. Animals and consumers also benefit, because there is a decrease in parasites in pastures that are rotationally grazed and overall the farmer produces higher quality products from the consumer.
Gold & Silver
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