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- Fed's Williams (via WSJ's Hilserath): PRINT MORE MONEY
- NATO/USA want to install missiles in Turkey, Russia doesn't like it: Russia Warns Against NATO Missiles on Syrian Border
- Why is the Greek stock exchange rallying? Because everyone who is everyone knows that Greece will not be allowed to default. After all, We've all read about the recent slump of Germany's exports, right?
Well, now Europe couldn't find a solution to Greece's problems, so the euro will take a (short-term) dive, helping the eurozone's exports. You have to admit that this "Greek situation" is kinda convenient for Germany. Via Bloomberg's Linda Yueh:
German Finance Minister Schaeuble: Euro spares
#Germany the ‘problems’ that the Swiss are having, sparing Germany an overvalued currenc
- Western people, especially the ones in the "PIIGS" countries, are not "competitive enough" -> so they have little or no income -> so, they don't have enough money not even for their own funerals (which used to be very luxurious by the way, people seemed to have forgotten that only Pharaohs get to be buried in the pyramids, most people are there just to build them and then die poor). NYT: Economic Crisis Leaves Hard-Hit Spaniards Scrimping on Funerals
- Chinese people on the other hand are getting a hard lesson in "how the system works": If you have money, then your child will get a better education, using all available legal and illegal means...
- Workers in Spain are cheaper than the ones in France, and they are also starting to accept some "third-word" conditions, so this is where Renault expands. And let's not forget about those workers in China/India, who are ultra-competitive, and they are now starting to be able to afford luxuries such as cars, smartphones, etc. China's middle class is expanding, as manufacturers will start to focus on selling their products to them, since the "Western consumer" is slowly dying...
- USA, land of the...surveillanced: Student Suspended for Refusing to Wear a School-Issued RFID Tracker
- Sorry, your technology is good, but noone really wants your products/can afford them: Fitch cuts Sony, Panasonic debt ratings to "junk" status
- BBC: How technology opens the door for personalised pricing
- Independent: Mannequin spies: They're no dummies as they collect data on shoppers