http://www.guardian.co.uk/world/2011/sep/14/taliban-nato-isaf-twitter
[since then, this has become very established.]
The debt crisis
The real story, concise version
Oct 14th
2011, 10:26 by Buttonwood
IF YOU
want a quick summary of the debt crisis, you can't really do better than these
short paragraphs from yesterday's HSBC seminar.
Until
2008, asset values and levels of debt were determined by optimistic
expectations about future growth which, in hindsight have proved wide of the
mark. Even if a second recession is avoided, the evidence now strongly suggests
that previous estimates of trend economic growth were too high.
That, in
turn, means that the collective financial claims on future income are probably
too high, as they have been based on a previous, more optimistic, view of
future levels of economic activity. It also means that those who took on debts
in times past, fully expecting income gains to allow them to repay their
creditors, are now in trouble.”
It's all
about doling out the pain. At the moment, it's appearing in two ways; high
unemployment and, for those in work, wage growth that has lagged behind
inflation. A fall in living standards, in other words.
http://liuzhou.co.uk/wordpress/2011/08/08/public-information-posters-the-roundup-2/
http://www.thechinabeat.org/?p=3845
http://9gag.com/gag/390262 AH! – the element of surprise
gentlemon
‘Les Anglois
, pour favoriser la liberté, ont ôté toutes les puissances intermédiaires qui
formoient leur Monarchie. Ils ont bien raison de conserver cette liberté; s’ils
venoient à la perdre, ils feroient un des peuples les plus esclaves de la
terre.’ Montesquieu
indy
29.11.11
‘santa claus
state’
Guardian/Observer
05122011
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