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Friday, March 1, 2013

News Headlines Mar. 1, 2013

  • Russia says ‘Friends of Syria' decisions encourage extremism Russia said that decisions made at Thursday’s ‘Friends of Syria’ meeting will intensify the two-year Syrian conflict by encouraging rebel extremists. The remark came as the US agreed to send $60 million in non-lethal aid directly to the opposition.
  • Eurozone unemployment hits record-high 11.9% Unemployment has hit unprecedented levels across Europe, with youth joblessness particularly high, according to a new EU report. Spain was hardest-hit: Overall unemployment was measured at over 20 percent, and youth joblessness was over 55 percent.  
Italian Flu Italy is politically deadlocked after the election. The politics of austerity have been put to the test. What does this mean for the eurozone?

1 comment:

  1. Don't know what to make of Gerald taking loans to buy property. You'd think he'd be more of a cash man. They just can't resist it no matter how cluey they are. Got to get that bit of leverage. It wasn't too long ago that people were losing their homes and couldn't work out why. I heard of one case where somebody put down forty percent deposit and had never missed a payment, but then still lost the house. That's if I've got the story straight. Because the property remains an asset of the bank until the last dollar is paid, so if the bank goes bust then the bank's assets can be taken and who knows what's going to happen then. You can be put out of your own house since you don't own it even if you're only one dollar short of paying off the loan. Then when you finally own it outright you are in the priviliged position of begin listed as a tenant on the title deed. Peasants can't ever own property.