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The IMF And Austrian Theory

Nobody in the economic intelligentsia is implying that the IMF is staffed by paranoid cranks. They continue to ignore and belittle the Austrian school. This pompous and undeserved behavior will go on until it’s too late. In the process, the ivory tower disciples of Keynes will only further prove their intellectual bankruptcy. The average person n [...] Read more ...

via Zerohedge
18 Oct 2014

Sweden hunts suspected foreign submarine off Stockholm coast

"As the government has said, the situation has deteriorated in the Baltic Sea," Wikstroem said Friday. He said the operation was based on a tip-off from a "credible source" and that about 200 Swedish troops were involved. Swedish daily Svenska Dagbladet reported that the sighting was at an island located just over 50 kilometres (30 miles) from the [...] Read more ...

via France24
18 Oct 2014

PM says Greece exploring precautionary credit, doesn't need aid

Analysts see an early bailout exit for Greece as a move to bolster the political fortunes of Samaras's centre-right, socialist coalition government. He reiterated that Greece "doesn't have a need for a new memorandum", or aid programme. Greece has signalled it may terminate its IMF programme early when its EU-ECB aid ends in December, despite $16 b [...] Read more ...

via France24
18 Oct 2014

New reports about trafficking in Europe

During the years 2010-2012, EU Member States registered 30 146 victims of trafficking in human beings. Behind this number are human tragedies, broken hopes and destroyed plans for a better life. During the same period, 8 551 prosecutions against traffickers were reported across the EU. 80 percent of victims of trafficking were female, and over 1 00 [...] Read more ...

via Europa
18 Oct 2014

Air France unions seek to stop flights to Guinea

Air France suspended flights to Sierra Leone at the end of August, following previous union objections, but kept flying to Conakry. Air France planes parked on the tarmac north of Paris, on September 24, 2014 Air France flight attendant unions on Friday called for a halt to services to the Guinean capital Conakry due to concerns about a "serious ri [...] Read more ...

via France24
18 Oct 2014

Early Velazquez painting returns to Spain for exhibition

The painting, which portrays St Anne teaching the Virgin Mary to read, is dated 1616 when Velazquez was just 17. It will remain on display at the Santa Clara arts centre, a former monastery, until January 15. Visitors look at the painting, "The Education of the Virgin" (1616) attributed to a then fledging Spanish artist Diego Velazquez on October 1 [...] Read more ...

via France24
18 Oct 2014

Turkey drops case against 53 people in graft probe

An Istanbul prosecutor handling the probe dropped the charges against 53 people because of "lack of evidence", "problems with collecting the evidence" and "lack of proof that they were members of a criminal organisation", the report said. He retaliated by sacking hundreds of police and prosecutors believed to be linked to Gulen and introducing curb [...] Read more ...

via France24
18 Oct 2014

ECB to begin asset purchases 'within days': board member

"We are now in an implementation phase and will start... within the next days, to purchase the assets foreseen under our new asset purchase programmes," said ECB board member Benoit Coeure. The European Central Bank, which manages how funds are fed into the eurozone economy, is promising an extra cash lifeline for Greek banks if the government stic [...] Read more ...

via France24
18 Oct 2014

Fighting back

NESTLED in the foothills of the French Alps, Grenoble feels more like a skiing base camp than the centre of one of Europe’s hottest technology clusters. But the [...] Read more ...

via Economist
18 Oct 2014

How insurers differ from banks: Implications for systemic regulation

Differences and similarities with regard to systemic interaction Differences between banks and insurers with regard to their systemic role Institutional interconnectedness The first key difference between banks and insurers with regard to systemic risk is that banks operate within a system, namely the banking system, while insurers do not. The role [...] Read more ...

via Voxeu
18 Oct 2014

Still cosy?

Who will trumpet German business? A REPORT bemoaning the lack of transparency surrounding the influence of business on German politics, published on October 13th by [...] Read more ...

via Economist
18 Oct 2014

Editor's Choice Award: Bob Ray

Username and password fields are case sensitive If you have forgotten your username or password please use the forgotten your username/password link below. By doing this, you'll be able to access restricted content without logging in each time you visit the site. Please complete all fields in the form to login. Remember me, by ticking the box you a [...] Read more ...

via Efinancialnews
18 Oct 2014

Jim Cramer: Look Out for 3 Wildcards

Jim Cramer says Ebola, company earnings and Europe's economy are three wildcards to keep in mind. He says Europe is going into recession really quickly which is why interest rates are going down so quickly there and that in turn is being transported to our market. Cramer says Ebola continues to be underestimated by the government and if it is under [...] Read more ...

via Thestreet
18 Oct 2014

Europe’s Broadband Battle

In the debate about who should pay to provide high-speed broadband Internet access to all 500 million EU residents, Internet giants like Google and Facebook are often accused of failing to contribute their fair share. Is this criticism warranted? Read more ...

via Project-syndicate
18 Oct 2014