- SPENGLER : Are the generals stealing Egypt?
In part because Egypt's military government fires officials who report bad news, assessing the country's economic health is like staring into a black hole. At first glance, the army doesn't want to tell itself the truth. But the reality is probably far simpler: Actions such as firing the central bank's outside directors clear the way for corruption on a grand scale. (Oct 17, '11) エジプトの軍事政権が悪いニュースを報告官を起動するための部分では、国の経済の健全性を評価することはブラックホールを見詰めたのようなものです
- Ditch the Falklands | Peter Preston
It makes no economic or political sense to hang on to the Falklands, but no one will face the truthThere are three things to say about Lord West of Spithead, lately First Sea Lord, even more lately lead adviser on terrorism to Gordon Brown, and only last week the commander of a small flotilla of retired admirals bent on defending aircraft carriers in general and the Falkland Islands in particular (via that tried and trusted top brass missile, a letter to the Times). One is that old seadogs make soggy politicians. Another is that no wonder we're throwing unquantifiable zillions down the black hole called counter-terrorism if Alan West's diagnosis of specific threat is as wambling as this. But the third thing has still more zillions attached. Simply: if we're broke, why are we hanging on to these islands?Consider current coalition logic as applied to a family living on housing benefit in Kensington or Chelsea. Alas, you're in the wrong place. This is too expensive. How about Luton or Tooting instead? The taxpayer may reasonably be asked to pay up to a point, but politicking always kicks in. If some symbolic guy on £45,000 a year can't afford to live within 10 miles of Holland Park, why should he pay to make to sure that a subsidised six pack can keep their Notting Hill address?So to the south Atlantic. What does it cost to keep an airport open, defended by four Typhoons, three radar stations, assorted artillery units, with 1,000 or so military on the ground? Don't forget the golf course and swimming pool before you add a handy destroyer, a couple of patrol ships and a submarine somewhere. Don't forget absurdly long supply lines, either.The Ministry of Defence is a touch evasive about specific costings, but we know that nothing it touches comes cheap. We know the blithest これは、フォークランドにハングアップする経済的または政治的意味を誰もtruthThereは、さらに最近、ゴードンブラウンとテロとの顧問をリードし、スピットヘッドの主ウェスト、最近最初の海の主の言うには3つのことであるだけに直面するだろう先週退。提督（試したことを介して、上部真鍮ミサイルを、タイムズへの手紙信頼できる）、特にフォークランド諸島一般的には空母を守るに曲がって小さな艦隊の司令官
- Japan burdened by huge debt, needs tax hike and belt-tightening (3)
Moreover, an aging population implies further pressure on fiscal expenditure, owing to higher pension and health-care costs, with all of Japan's baby boomers set to reach age 65 in about five years.
Given these factors, the JGB market, which has been stable so far, will face serious trouble in the years ahead.
Tax hikes may help. But tax hikes alone with not close Japan's fiscal black hole. What is most needed is consistent and stable macroeconomic management. Such management is possible.
... また、人口の高齢化は、年間で約5〜65歳を意味以上にさらに圧力を財政支出、により年金と、医療費へのアクセス設定団塊の世代のすべての日本
- The military as a jobs program
The half of the United States budget that goes on military pursuits could be better spent on education, where investment creates twice as many jobs. If he is going to double exports in the next five years, President Barack Obama has to divert resources away from the black hole of war to productive civilian industry. - Ellen Brown 軍事的な追求になる米国の予算の半分は、より良い投資が多くのジョブとして二回作成する場所、教育に費やされる可能性があります
- Ireland's Black Thursday: banking sector's black hole to be revealed
Trading in Bank of Ireland and AIB shares has been suspended, hours before Central Bank reveals extent of the country's black holeThe full extent of the multibillion-euro black hole in Ireland's banks will be detailed at 4.30pm on Thursday afternoon.The breathtaking losses in Allied Irish Bank (AIB), Bank of Ireland, Irish Life & Permanent (IL&P) and the EBS building society will be set out as the new coalition government attempts to finally measure the debt mountain.The Central Bank in Dublin will publish figures compiled using forensic stress tests and then finance minister Michael Noonan will give the government's response. Commentators have already said this will be Ireland's Black Thursday.The report on the stress tests is expected to say that Irish banks need about another €30bn (£26bn) to remain in business.Most of the loan losses caused by reckless lending to property developers have been identified, but the report will also quantify losses resulting from the failure of thousands of homeowners to repay mortgages.More than 44,000, or 5.7% of homeowners, are at least three months behind with their mortgages – valued at €8.6bn.Trading in Bank of Ireland and AIB shares has been suspended for the day by the Irish Stock Exchange amid fears that speculation on the stress test results could create disorder in the markets.Since the 2008 financial crash, Ireland has been forced to:• Obtain €67.5bn loans from the International Monetary Fund and the European Union last November. The Irish state took €18bn from its pension fund to back that up. About €10bn of the total bailout was destined for the banks.• Use about €46bn of state funds to recapitalise reckless lenders.• Prop up banks with loans from Ireland's Central Bank worth about €70bn on a continuing basis and the Eur アイルランド、AIBは株式の銀行の取引は、中央銀行の数時間前には、連合軍の木曜日afternoon.The息を呑むような損失の午後4時半で詳しく説明されるアイルランドの銀行に数十億ユーロブラックホールの国の黒いholeThe完全な範囲の程度を明らかにし、中断されているアイルランド銀行（AIBは）、アイルランド、アイルランドライフ＆パーマネント（イリノイ州＆P）とEBSの建物の社会の銀行法医学使用してコンパイルされた数値を公表する最終的にダブリンの債務mountain.The中央銀行を測定するために、新しい連立政権の試みとして設定されます
- New Irish economic policies no different to old
Guest blogger Stephen Kinsella, economist at the University of Limerick, finds there is little substantive difference between the outgoing government party and the incoming partiesOnly three months ago the economy was in such a state of collapse that the government had to get the IMF and EU in to bail us out. So it is surprising there are so few policy alternatives to those of the outgoing government in this general election campaign. Each political party must be populist of course, and each party must appeal to the individual household's anger at the state of Ireland's economy and society. But how credible are their policy recommendations on the economy? We are hearing a lot of rhetoric about funding black holes; low taxes; and a renegotiation of the IMF/EU deal. But when you examine the economic strategies in detail, are there any material differences between Fianna Fáil, Fine Gael, Labour and Sinn Féin?Do they differ in their attitudes towards the EU/IMF loan announced before Christmas? Or their attitudes toward Ireland's fiscal stance Or, perhaps more importantly, toward political reform?The context for the parties' policies is the stark difference between taxation revenues and government expenditure, shown in the graph below as percentages of overall economic output, gross domestic product. The difference between those two lines must be made up by a combination of borrowing, expenditure reduction and taxation increases. Ireland has committed, rather incredibly, as I've argued here in previous posts, to getting these two lines to almost meet by 2014. Each party contesting the election has a prescription for their preferences on closing that yawning gap. I've tried to understand the differences in each party's position as stated in their policy documents and manifest ゲストブロガースティーブンキンセラは、リムリック大学のエコノミスト、発信政府与党と経済は政府がIMFとEUを取得していたことが崩壊のような状態にあった3ヶ月前の着信partiesOnlyの間にはほとんど実質的な違いがあると認める私たちを救済する
- V6 ASIA TOUR 2009 IN SEOULの旅②
昨日、曲名がわからないと言った曲は「are you ready tonight ?」でした
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