News Links 03/05/2012
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China cuts 2012 growth target to 7.5 percent, stability key | Reuters
Chinese Premier Wen Jiabao cut his nation’s growth target to 7.5 percent for 2012 to give the economy more room to slow down if needed while the government carries out promised economic and welfare reforms ahead of a looming leadership transition.
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3spoken: Savings – Explaining the Humpty Dumpty word
(S – I) is Total net acquisition of financial assets in the domestic private sector – Total net acquisition of financial liabilities in the domestic private sector. This is the Financial View.
(S – I) is also Gross Saving of the domestic private sector less Gross Capital Formation of the domestic private sector adjusted for Capital Transfers to the domestic private sector. This is the Capital View.
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Wenn sich die Finanzbranche wirklich weiter entwickeln und wieder betriebswirtschaftlichen und gesellschaftlichen Anschluss finden will, dann muss sie nach meiner Überzeugung ihr Denken ändern. Dazu gehört es, die institutionelle Sicht nicht in den Fokus eigener strategischer Betrachtungen zu stellen, sondern die Dienstleistungssicht. Dazu müssen Produkte und Prozesse von den heutigen und zukünftigen Bedürfnissen der Kunden her gedacht werden.
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Law requiring condoms on porn shoots takes effect Monday – latimes.com
A new city ordinance requiring porn actors to wear condoms during filming takes effect Monday.
The Los Angeles City Council approved the ordinance in January, following several high-profile instances of porn performers becoming infected by HIV. The Los Angeles-based AIDS Healthcare Foundation has been advocating for the public health measure for years.
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Icelandic Anger Brings Debt Forgiveness in Best Recovery Story – Bloomberg
Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger.
Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association.
On porn – good to see at least one industry being properly regulated :)
EZONE LTRO: SENSATION AS DATA SHOW DRAGHI IS FUNDING SOVEREIGN BAILOUT BY STEALTH https://hat4uk.wordpress.com/2012/03/05/ezone-ltro-sensation-as-data-show-draghi-is-funding-sovereign-bailout-by-stealth/