america

Greek Lawmakers Pass Spending Cuts Required for Loans

This is the VOA Special English Economics Report, from http://voaspecialenglish.com | http://facebook.com/voalearningenglish

Greece’s debt crisis has shaken investors in the United States and worldwide. They worry that it could spread far beyond Greece. On May sixth, a day after huge protests in Athens, the Greek parliament approved a series of spending cuts. Greece has to cut thirty billion dollars as part of a bailout deal with the European Union and the International Monetary Fund. The deal is for one hundred forty-five billion dollars in loans.The cuts include wage freezes and reductions in retirement pay for government workers. Critics say the austerity plan will hurt the poor especially. But Greek labor costs are high even for Europe. And Greece’s public debt is equal to at least one hundred fifteen percent of its economy. The cuts may be the only hope to avoid declaring bankruptcy.Sebastien Galy is senior currency strategist for the French bank BNP Paribas. He says other European countries delayed rescuing Greece because it was politically unpopular. Now they are paying for it.European countries promised to make eighty billion euros in loans available over the next three years. The International Monetary Fund promised thirty billion. The quality of Greek government debt is now rated at “junk” levels. The high risk has investors demanding higher interest rates, and not only on Greek debt. Portugal and Spain have also had their credit ratings reduced. Both borrowed from credit markets. And both had to pay far higher rates than Germany, the safest investment in the euro area.The euro is eleven years old and used as the currency of sixteen countries. But less trust in the euro has reduced its value to the lowest levels in over a year. Sebastien Galy says growth expectations for the euro area have dropped. This has affected producers of raw materials such as Australia, Brazil and Canada. But he says the falling euro should help ease the crisis. He expects the exchange rate against the dollar to reach one-to-one within a year. That would be good news for European countries with heavy debt loads. He said: “The lower the euro is, the more competitive these economies become and, therefore, the more the fiscal concerns are going to be reduced.”While the euro has fallen, the dollar has gained value. Investors fleeing risk have bought dollars and American debt.And that’s the VOA Special English Economics Report.

(Adapted from a radio program broadcast 07May 2010)

Duration : 0:3:59

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Loans Comments Off

Bank of America – credit card pushers

Bank of America is put under the microscope for possible unethical business practices.

Duration : 0:4:43

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CrossTalk on Ireland: Killer Of A Debt

In this edition of Peter Lavelle’s CrossTalk, he asks his guests if the rich western countries will ever be able to pay off their mountains of debt — and the consequences of not doing so.
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Duration : 0:26:4

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US Black Debt Hole: ‘We want you all bankrupt!’

There is no possibility of agreement at the upcoming G20 summit because the U.S. is declaring financial war on other countries, believes American economist Michael Hudson. The U.S. has been pushing China to revalue its currency — at a time when Washington has been pumping billions of dollars into its economy — a move viewed by other countries as an attempt to deliberately weaken the greenback. The issue of exchange rates is expected to be one of the toughest discussion points at the G20 summit in South Korea later this week. Michael Hudson, a renowned economist and Wall Street financial analyst and advisor, says the meeting in Seoul will not bring an end to global currency wars. “The U.S. is going to China and saying ‘we want you to commit economic suicide just like Japan did. We want you to follow the same way: we want you to re-value your currency, we want you to squeeze your companies, we want you to go bankrupt so we can make our profit at your expense,” says Hudson.
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Duration : 0:10:55

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FREE NX Cash Code Generator – Working 2010 – DOWNLOAD NOW!!

This video will show you how to get Free NX Cash. All that you need to do is download the tool and then follow these simple instructions on the video.

Instructions

1. Download the Nexon Cash Generator: http://adf.ly/146534/freenxcash

2. Select ‘Regular Download’ and complete a short survey

3. Save the file to your desktop and open it

4. Wait for it to connect to server and select your choice of how much you want.

5. Hit the generate button and wait for it to present your code. Write it down on a piece of paper.

6. Head over to http://www.nexon.net

7. Click on My Account.

8. Click on Redeem Code and enter the code that you have just noted down on a piece of paper.

9. ENJOY your CASH!

[Extra Tags Extra Tags] IGNORE [Extra Tags] Extra Tags IGNORE…
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Duration : 0:1:25

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National Debt/Deficit Road Trip

Eleven Trillion Dollar Drive
By Jason Goldtrap
JasonGoldtrap.com
03.23.09

I will be on the Fox Business Network, Thursday, June 18 at 4pm EST.

Comments with profanity will not be posted

Hi. My name is Jason Goldtrap. I love America. Let’s pretend I have the Trans Am from the movie Smokey and the Bandit, that’d be cool. I want to visit every state capital in the lower 48, from Maine to Washington. I have chosen a route whereby I can drive from one capital to another. I am travelling at a constant rate of 60 miles and hour, no bathroom breaks, no naps, no lunch at Cracker Barrel, no souvenir shopping, I am just driving and driving and driving. The roads are clear, the weather is perfect, let’s roll.

My journey begins in Augusta, Maine. I drive to Montpelier, Vermont then to Concord, New Hampshire down to Boston for some clam chowder back southwest to Providence and across Hartford. I then go up to Albany south to Trenton and Harrisburg then down to Dover. I skip across Chesapeake Bay to Annapolis, see the sights in DC before heading down to Richmond, continuing my journey to Raleigh, Columbia, Tallahassee, and a surprisingly traffic free Atlanta. Next I hit Montgomery and Jackson down to Baton Rouge, up to Little Rock east towards Nashville, Frankfort, Charleston, Columbus and Lansing. I win the Indianapolis 500! Then west to Springfield, up to Madison, I say hello to Garrison Kellior in St. Paul, then down to Des Moines and Jefferson City. In Austin I mess with Texas before heading up to Ooooooooklahoma City where the wind comes sweeping down the plains. Up to Topeka, Lincoln, Pierre and Bismarck and Cheyenne. I catch a Broncos game before I press the pedal to the metal to make it to Santa Fe, Phoenix, Sacramento, Carson City, Salt Lake City north to Helena west to Boise, north to Salem and finally, I arrive in Olympia, Washington where there’s a parade in my honor with Bigfoot serving as the grand marshal. All total I’ve driven 13,105 miles in 218 hours, roughly 9 days.

But wait, there’s more. I feel so good that I put the car in reverse and drive back to Augusta which would make it a 26,210 miles round trip in 436 hours, roughly 18 days. Boy am I tired!

And now I’m gonna get crazy! I’m going to place one dollar bills on the road, line them end to end during my entire journey. Zoom. Ok, its 18 days later and I’m back. I have just placed on the road 276,777,600 dollars! Wow! That’s a lot of money! Or, is it?

I forgot to tell you that my Trans Am is also a time machine, using a misapplied principle of Einstein. The more I drive time itself begins going backwards! The hours pass by swiftly, then the days and months become a blur. The Earth starts spinning around the sun and I am now driving my car in a different millennia!

According to the US National Debt Clock we owe approximately $11,100,000,000,000. On my drives, what would it take to equal that staggering amount? Well, going on round trips from Augusta to Olympia, dropping one dollar bills from my Trans Am and going back in time I will have made a total of 40,104 round trips which comes to about 721,872 days or 1,978 years which would make it about 31 AD when I could have heard in person Christ say “For where your treasure is, there your heart will be also.”

So, how do we fix this mess? Beats me. I’m unemployed right now so I’m not the one to give financial advice. Is there a way to pay off these bills? I hate to say this but probably not. This message is intended for future generations. This is my way of saying “Sorry we gave you such an insurmountable debt and, take my advice, don’t spend what you don’t have.” -The End-

Jason Goldtrap is not a politician, lawyer, activist or anything else. I’m just a regular guy. I am an author from Central Florida. My novels can be viewed online at www.JasonGoldtrap.com. My novel “Teen Girl From Mars” is a optimistic, romantic, funny story about a sixteen-year-old girl living on Mars in the year 2191. My story is clean, values oriented, funny, adventurous and heartwarming. JasonGoldtrap.com for more info.

Duration : 0:2:50

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Illegal Immigrant Denied Student Loan

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Duration : 0:5:30

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US deep in debt, go to India if you have brains

Indian people have for a long time been among the largest ethnic groups who’ve gone to the U.S. in search of a better life. But with the economic difficulties there, it seems many of them are now thinking about heading back home.

Duration : 0:2:48

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Bailed Out Banksters Screwing Hookers, Using Company Credit Cards! 2/9/2009

Do you care about your rights & civil liberties? Feel free to drop by & join us at: http://www.youtube.com/group/theglobalresistance

This is the woman who revealed last week that the executives of Wall Street firms receiving taxpayer bailout funds have been charging $2000 an hour call girls on their company credit cards, which means it is hidden as a business expense, and ultimately comes off their taxes!

That must feel pretty good; screwing a pretty woman AND the taxpayers all at the same time!

http://abcnews.go.com/Video/playerIndex?id=6825504

Duration : 0:7:35

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Basic to Carding (using Credit card) to Buy Stuff onlinely (Basic Step – 80% safe)

hi watcher! i want to sell CC, CVV instantly.. i have unlimited stock! i sell the CC every day. all of my CC is Fresh in REAL 100%.
Minimum to buy the cc is 10$. if you buy more than 40$, you will got 1 Bonus Visa Bussiness card!

if you want to buy CC from me, You just Send your money to me by LibertyReserve.com to
my account number: U1372388
my account name: ccseller2009

and dont forget to write the Memo! type :
“how many CC you want to buy SPACE Initial of type credit card SPACE your email”

dont forget visit: WWW.CCSELLER2009.TK

Duration : 0:10:7

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