Category Archives: Main Page

Which way forward?

Posted on June 26, 2012 by Danielle Park

A reader sent me this clip and I think it is refreshingly honest about the state of the world’s current problems. For all the academic dissertations, and political posturing, the problem is remarkably simple: too much debt, can’t be paid … Continue reading →

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Soros: we have 3 days to avoid a Euro fiasco

Posted on June 26, 2012 by Danielle Park

Billionaire investor George Soros speaks about Europe’s sovereign-debt crisis. Soros called on Europe to start a fund to buy Italian and Spanish bonds, warning that a failure by leaders meeting this week to produce drastic measures could spell the demise … Continue reading →

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BIS: Governments must push banks to write down bad debts and start serving the public good

Posted on June 24, 2012 by Danielle Park

The Bank for International Settlements (BIS), based in Basel, Switzerland, is owned by 60 central banks for which it acts as a counterparty and trustee. It’s also hosting policy-making groups including the Basel Committee on Banking Supervision and the Financial … Continue reading →

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