Cyprus is in the world news for its banking crisis, and EU bailout. Not a pleasant situation to be in, and not one to live in. A worrying time for all. I live there, I see what is going on around me, every day.
An impending bankruptcy in Greece and its exit from Euro are subjects of much speculation these days. However, the circumstances are pointing more towards materialization of these possibilities. What will happen if Greece pulls out of Euro? A definite short-term chaos will ensue, but may eventually lead to stability.
Kodak on the Edge of the Abyss – Eastman Kodak, Bankruptcy, Jones Day, Law firm, Company, Wall Street Journal.
This is the third and final part of a series of news articles dedicated to Financial Literacy Month. Because of the widespread use of taxpayer money to bailout failed firms, the Obama administration has been seeking ways of liquidating the firms instead. The Dodd-Frank Wall Street Forum has been assigned the task of developing a system to prevent financial firms from mismanaging company funds.
Since the Greek beginnings the european financial crisis leads to a two-fold scenario. Either to integrate further and accept fiscal policy, or to accept the break-up of Eurozone.
As the election in Britain gains momentum, the two big parties make one thing clear to their faithful followers (and everybody else): Vote for us because we are the Messiah come again endowed with unearthly intelligence, whereas you are only stupid as stumps and don’t even understand how to vote.
Reflections and Suggestions on some of the many little and big things we read or watch every day.
GM Motors is the biggest company to file for bankruptcy but Barack Obama has vowed to lend a hand.
The sickness of GM was apparent for the past 10-15 years.