Archives for posts with tag: EEUU

semilla

Al calor de la desregulación y la avaricia, inventamos la economía verde.

De los tuercebotas de la Escuela  de Chicago y amiguetes.

Libros para la Paz

alimento transgénico

Fukuoka

Deborah Koons García

Si lo quieres ver en español, gracias a Odisea 

Roundup

Glyphosate-3D

 

Monsanto

Imagen de previsualización de YouTube

portaloaca

revolving door

lobby

Anonymous publicó una base de datos de la empresa de biotecnología y agricultura Monsanto, como parte de la operación AntiSec.

banda sonora

ThumbWins

Principle of substantial equivalence

Wu Wei

“Porque de otra cosa no sabré, pero de esto… tampoco”.

P.D. Me lo pido para Reyes.

 

 

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 skeetsonmybeats

Pointless Pain In Spain

July 11, 2012, 9:37 AM

It’s no fun being Prime Minister of a debtor nation without its own currency. Unlike the US or the UK, Spain has no easy options.

That said, the new austerity measures just announced make no sense at all.

According to news reports, Rajoy has announced 65 billion euros of tax increases and spending cuts; this will clearly deepen Spain’s depression. So what purpose will this serve?

Think of Spain as facing a three-level problem. The topmost level is the problem of the banks; set that aside for now. Below that is the problem of sovereign debt. What makes the debt problem so serious, however, is the underlying problem of competitiveness: Spain needs to increase exports to make up for the jobs lost when its housing bubble burst. And it faces years of a highly depressed economy until costs have fallen enough relative to the rest of Europe to achieve the needed gain in competitiveness.

So, what do the new austerity measures contribute to the solution of these problems?

Well, Spain’s deficit will be smaller. Not 63 billion euros smaller, since the further depression of Spain’s economy will reduce revenues; say it’s 40 or 45 billion euros less debt, which is around 4 percent of Spanish GDP. Does anyone think this will make a big difference to the long-run fiscal outlook, or restore investor confidence?

What about competitiveness? Let’s be frank and brutal: the European strategy is basically for debtor nations to achieve relative deflation via high unemployment. Think of it in terms of a Phillips curve:

I’ve drawn this curve very flat at high rates of unemployment – which is what all the evidence suggests. If nothing else, this crisis has given us overwhelming evidence that downward nominal wage rigidity is real and a major factor.

Now think about what Spain is doing: basically, it’s moving from A to B – driving its unemployment rate even higher. This will possibly lead to a slight acceleration of the improvement in Spain’s competitiveness. Maybe. But it won’t be significant.

So, Rajoy is imposing harsh further austerity that will raise unemployment while making no significant dent in either the fiscal problem or the competitiveness problem. And this makes sense why?

Paul Robin Krugman

The Opinion Pages

The New York Times

 

del #PremioNóbelDeEconomíaQueNoTieneNiPutaIdea

pues, mientras al menos

La dignidad de intentarlo por Olga Rodríguez

 

#MontoroTuercebotas  #DeGuindosMercachifle   #RajoyVendePatrias

y …

hacemos algo con las SICAV ?

y los paraísos fiscales?

….

cuando aprenderemos y lo avisó hace más de 2 años

“Porque de otra cosa no sabré, pero de esto… tampoco”.

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tiempo

So the whole thing at best buys time

June 10, 2012, 7:17 AM

The EuroTARP Cometh

OK, so Spain gets a bank bailout. It’s basically like the TARP: a Spanish government agency will give banks cash, presumably in return for an ownership stake, with the goal of reassuring depositors and interbank lenders that their funds will remain safe even if the banks turn out to have big losses; the point is that these losses will initially come out of the new cash hoard, so that default on debts won’t happen.

The twist is that the Spanish government itself is cash-poor and must pay high rates to borrow on the market, so this money comes as a loan from stronger European economies, presumably at below-market rates.

The question you should ask is, what problem does this solve? It may — may — put a temporary end to the “doom loop” of funds fleeing Spanish banks, forcing the banks to sell assets, driving asset prices down and creating further doubts about solvency. (It won’t help even here to the extent that fears involve euro breakup rather than default). But it does nothing to restore Spanish competitiveness or lessen the suffering from austerity.

So the whole thing at best buys time — just like the ECB’s lending program from last fall. What will Europe do with that time?

If past behavior is any indication, the answer is, nothing.

Paul Robin Krugman

The New York Times

The Opinion Pages
 

Banda sonora

Money For Nothing – Mark Knopfler at the Royal Albert Hall

Imagen de previsualización de YouTube

 

We gotta install microwave ovens
Custom kitchen deliveries
We gotta move these refrigerators
We gotta move these colour TV’s

“Porque de otra cosa no sabré, pero de esto… tampoco”

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(Fuente de la ilustración: iwaveatsailors)

The New York Times
The Opinion Pages
 
 

Eurodämmerung

 
 

Some of us have been talking it over, and here’s what we think the end game looks like:

1. Greek euro exit, very possibly next month.

2. Huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany.

3a. Maybe, just possibly, de facto controls, with banks forbidden to transfer deposits out of country and limits on cash withdrawals.

3b. Alternatively, or maybe in tandem, huge draws on ECB credit to keep the banks from collapsing.

4a. Germany has a choice. Accept huge indirect public claims on Italy and Spain, plus a drastic revision of strategy — basically, to give Spain in particular any hope you need both guarantees on its debt to hold borrowing costs down and a higher eurozone inflation target to make relative price adjustment possible; or:

4b. End of the euro.

And we’re talking about months, not years, for this to play out.

May 13, 2012, 1:11 pm

Paul Robin Krugman

“Porque de otra cosa no sabré, pero de esto… tampoco”.

Banda sonora:

Money for Nothing

Imagen de previsualización de YouTube

(otra banda sonora, live y con colegas y no es Buenafuente)

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29°58′06″N 90°04′26″W

… it remains an important center of the city’s African-American and Créole culture, especially the modern brass band tradition.

thetpr

New Orleans legendary brass band leader and bass drummer, Uncle Lionel Batiste, has passed away at the age of 81

Tremé.

“Treme Song” by John Boutté

…is an American television drama series created by David Simon and Eric Overmyer that premiered on April 11, 2010 on HBO.

katrinahelp

The Hurricane Katrina in August 2005 caused significant problems due to the breach of the flood protection systemdesigned after 1965 to protect the city. Over 204,000 homes in New Orleans were damaged or destroyed, and more than 800,000 citizens displaced.

Reconstruction of New Orleans

 

John Boutte Sings “Why”

“Porque de otra cosa no sabré, pero de esto… tampoco”.

 

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Nada como las nuevas soluciones de los neocom;

“vende tu sangre”

Ya estamos como en el imperio.

Pues si de sangre se trata.

Hagamos sangre.

Vectorportal

Entremos en la bahía. Es sólo el principio.

Una de esas cosas suecas que funcionan,

de esas que debimos copiar al entrar en la UE.

Partido Pirata

Que viene de donde viene.

Y un buen lugar seguramente donde coincidir.

Antes Kopimi, ahora Creative Commons.

Creo que podemos hacer algo más.

Pues un poco de publicidad.

y su correspondiente banda sonora

Red Hot Chili Peppers – Blood Sugar Sex Magik   (Woodstock 94)

“Porque de otra cosa no sabré, pero de esto… tampoco”.

 

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