The United States is the world’s largest producer of ethanol fuel. The U.S. produced 50.0 billion litres of ethanol fuel in 2010. Ethanol fuel is mainly used in the U.S. as an oxygenate to gasoline. In 2009, from all the ethanol fuel consumed in the country, 99% was consumed as ethanol in gasohol. Most U.S. […]
“We’re taking no lectures from you” was the polite message European finance ministers and policy makers subtly delivered to USA treasury secretary Geithner on Friday during their meeting in Poland. Austrian Finance Minister Maria Fekter found it “peculiar” to be lectured by the USA, a country with higher aggregate debt than the euro area. When
European Finance Ministers: USA Should Get Own House in Order Read More »
The outstanding news event of the day was undoubtedly the revelation that major central banks around the world will now cooperate to offer three-month U.S. dollar loans to major commercial banks in order to ensure that money markets won’t ‘freeze’ as a consequence of Europe’s sovereign debt crisis. This co-ordinated and concerted effort could have
US Dollar Liquidity Operations Coming Up Read More »
One of the first and most crucial instructions novice pilots are given in how to communicate with the aircraft control tower is to keep communication brief, clear and relevant. “Think about what you are going to say before saying it. Mentally go over exactly what you will say before touching the radio and keep it
Delta One, this is Control Tower Two Calling, Please Respond…Over Read More »
On October 5th 2010 there was an audible gasp in the French courtroom at the historic Palais de Justice when the 'rogue trader' Jérôme Kerviel was convicted of a breach of trust, computer abuse and forgery. The 33-year-old was convicted of all three charges and was sentenced to five years' imprisonment, with two years suspended.
The twists and turns of the Euroland crisis are happening on an hourly basis. Greece (once again) is apparently the big issue. However, it’s fairly certain that the banks the ECB have announced it’s lending dollars to tomorrow will not be Greek. That’s not a typo, the ECB is lending dollars to two European banks,
Greece is the Word as the Risk of Global Recession Increases to DEFCON 4 Read More »
The European Commission President Jose Manuel Barroso has a plan and it’s backed by a string of high profile figures as a ‘rescue plan’ for the debt crisis Euroland and moreover the major European banks face. The plan is to issue “eurobonds” as a crude method to ‘mop up’ all the pain and share the
The name's Bond, Eurobond Read More »
There is a phenomena occurring throughout Europe that is being hushed, the topic is money flight and it belongs in the same Pandora’s box of discussion subjects governments and central banks would rather not be part of lunch or dinner table ‘investment discussions’ amongst the masses.. “So I rushed down to Barclays at lunch time,
Money Flight and Pulling Gold Teeth Read More »
[quote]Any strategy to reduce intergenerational poverty has to be centred on work, not welfare, not only because work provides independence and income but also because work provides order, structure, dignity, and opportunities for growth in people’s lives – Barack Obama..[/quote] Using percentage figures to describe the predicaments of unfortunate sections of society often hides and
USA Unemployment Leads to Rising Poverty Read More »
Amongst the many human characteristics many of us find unpleasant the penchant for saying “I told you so” must rank high. Listening to, or reading commentary from long term opponents of the European Union, who are now basking in their fifteen minutes of revitalised fame as the Economic and Monetary Union of the European Union
If the European Monetary Union collapses what happens next? Read More »
