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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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Nissan Now Bonus Cash at Windsor Nissan NJ

Start saving on innovation now at Windsor Nissan’s “NOW” Sales Event. Take advantage of special Presidents Savings through February 21, 2011. Save with holiday bonus cash today – get an additional $500 off on nearly every new Nissan model in-stock at 590 Route 130 in East Windsor, NJ 08520. Get in NOW!

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FTV – Cannes | Vote Now – FashionTV – Most Liked Model Awards – 2011 Cannes Film Festival | FTV.com

http://bit.ly/ftvMostLikedModel – Now you can vote for your favorite model in FTV’s Most Liked Model Awards

See all the models now on Facebook! Winners will be revealed at Cannes, May 20, 2011

http://FTV.TV CANNES – Vote Now in FashionTV Most Liked Awards! The world’s most famous model awards is now accessible to over a billion people worldwide.

Join us and let your friends campaign for you! Most Liked Model Awards will take place at the Magestic Hotel during Cannes Film Festival on May 20. It will then be held every season in the fashion capitals of the world – New York, London, Paris, Milan.

In addition to fame, visibility, and getting to know the world of fashion and films, the winners will get cash contracts and prizes from sponsors. For the first time, the most active voters will win prizes as well. To take part, simply join as a model and click F-connect. Then provide us with an introduction video message about yourself. Good luck! VOTE NOW – http://facebook.com/FTV

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Credit Cards

All the joys of credit! Animated by Geo.

~Visit Fluidanims for more great videos!~
http://www.fluidanims.com/

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Peter Schiff explains how the new college loan plan will back fire

Peter breaks down the economic inanity of Obama’s new college tuition program passed in March of 2010. Once again the government cure is worse than the disease. Please donate to Peter’s Senate campaign at www.Schiff4Senate.com

Duration : 0:7:21

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The Debt – Official Trailer [HD]

Release Date: 29 December 2010
Genre: Drama | Thriller
Cast: Sam Worthington, Helen Mirren, CiarĂ¡n Hinds, Marton Csokas, Tom Wilkinson, Jessica Chastain
Director: John Madden
Writers: Matthew Vaughn, Jane Goldman
Studio: Walt Disney Pictures

Plot:
Rachel Singer is a former Mossad agent who endeavored to capture and bring to trial a notorious Nazi war criminal – the Surgeon of Birkenau – in a secret Israeli mission that ended with his death on the streets of East Berlin. Now, 30 years later, a man claiming to be the doctor has surfaced, and Rachel must go back to Eastern Europe to uncover the truth. Overwhelmed by haunting memories of her younger self and her two fellow agents, the still-celebrated heroine must relive the trauma of those events and confront the debt she has incurred.

Subscribe Now: http://www.youtube.com/subscription_center?add_user=trailers

Duration : 0:2:24

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Student Loan Debt Exceeds Credit Card Debt

A new USA Today report says the level of student loan debt in the U.S. has reached 850 million dollars. That tops the $828 million in credit card debt. This comes as no surprise to Michele Pearson.

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Quicken Loans Love: Home Loan Expert Dana Staniec

Check out Home Loan Expert Dana Staniec and her clients, the McDonalds from Texas. The McDonalds say that Dana made relocating easier than they could have imagined.

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Johnny Cash Show: Johnny Cash & Friends – Daddy Sang Bass (HQ)

Johnny Cash – Daddy Sang Bass

I remember when I was a lad,
times were hard and things were bad.
But there’s a silver lining behind every cloud.
Just poor people, that’s all we were.
Trying to make a living out of black land dirt.
We’d get together in a family circle singing loud.

Daddy sang bass,
Mama sang tenor.
Me and little brother would join right in there.
Singing seems to help a troubled soul.
One of these days and it won’t be long.
I’ll rejoin them in a song.
I’m gonna join the family circle at the Throne.
No, the circle won’t be broken.
By and by, Lord, by and by.

Daddy sang bass,
Mama sang tenor.
Me and little brother would join right in there.
In the sky, Lord, in the sky.

Now I remember after work,
Mama would call in all of us.
You could hear us singing for a country mile.
Now little brother has done gone on.
But, I’ll rejoin him in a song.
We’ll be together again up yonder in a little while.

Daddy sang bass,
Mama sang tenor.
Me and little brother would join right in there.
Cause singing seems to help a troubled soul.
One of these days and it won’t be long,
I’ll rejoin them in a song.
I’m gonna join the family circle at the Throne.
Oh, no the circle won’t be broken.
By and by, Lord, by and by.

Daddy sang bass,
Mama sang tenor.
Me and little brother would join right in there.
In the sky, Lord, in the sky.
In the sky, Lord, in the sky.

The Johnny Cash Show (TV series):

http://www.imdb.com/title/tt0063919/

http://en.wikipedia.org/wiki/The_Johnny_Cash_Show

Duration : 0:2:38

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