links for 2011-09-19
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"Monetary tightening in China threatens to pop the $1.7 trillion (£1.07 trillion) credit bubble in local government finance and expose the country's simmering "subprime" crisis, according to the Communist Party's economic guru."
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"A spokesman for Mr Blair said that the visits had largely been to discuss Africa, and categorically denied that he had lobbied Said al-Islam on behalf of JP Morgan."
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"Nearly two-thirds of Americans hold a favorable view of her and one-third are suffering a form of buyer’s remorse, saying the U.S. would be better off now if she had become president in 2008 instead of Barack Obama."
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"Germany's 10 biggest banks need 127 billion euros ($175 billion) of additional capital, German newspaper Frankfurt Allgemeine Sonntagszeitung reported, citing a study by economic research institute DIW."
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"Former head of IMF speaks of regret about sexual encounter in interview on French television"
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"What we're seeing at the moment is uncertainty in the housing market and poor consumer confidence giving sellers cold feet. Buyers can't do much about the economy, but regardless of the state of the market, poor property legals continue to compound such problems, though this is easily avoided."
“Europe bank debt in lurid detail” https://www.golemxiv.co.uk/2011/09/europe-bank-debt-in-lurid-detail/
“Remember this isn’t the fabled public debt wracked up by countless lazy, feckless lay-abouts and their ugly children all determinedly doing nothing and expecting to be given flat screen televisions and hospital care they don’t deserve. This is debt created by, agreed to, marketed by and because of which huge bonuses were awarded to, private bankers throughout Europe.”