Euro econ themes of the last week or so have included questions regarding the costs of the role of the state & elites in society, if the hoi polloi will continue to fund poor choices made by the same, monitoring and curtailing the activities of the heuschrecken, reactions to the curtailment of heuschrecken activities, and finding the proper balance point between growth and austerity.
Des centaines de Grecs rendent un dernier hommage au retrait qui s'est suicid, Le Monde.fr avec AFP | 07.04.2012 18h36 Mis jour le 07.04.2012 18h40
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Des centaines de personnes ont rendu un dernier hommage samedi 7 avril au septuagnaire qui s'est suicid mercredi dans le centre d'Athnes. En quelques jours, le geste du retrait est devenu le symbole du dsarroi provoqu par la crise conomique en Grce. Aprs les funrailles, un rassemblement a t organis sur la place centrale de Syntagma, o le dfunt s'tait tir une balle dans la tte.
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Dimitris Chrisoula s'tait suicid mercredi matin sous les yeux des passants sur la place Syntagma, thtre de la contestation qui secoue le pays depuis le dbut de la crise en 2010, quelques mtres du Parlement. Malade du cancer, selon la police, et vivant seul, il a laiss une lettre manuscrite accusant le gouvernement de l'avoir priv de ressources par les coupes imposes aux pensions de retraites, et l'assimilant l'excutif mis en place par les occupants nazis en 1941. "Je ne trouve pas d'autre solution pour en finir dignement avant de devoir commencer faire les poubelles pour me nourrir", a-t-il crit.
458,615 register for household tax ahead of March 31 deadline, By Independent.ie reporters and Lyndsey Telford, Thursday March 29 2012
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A total of 458,615 households had registered for the tax out of an estimated 1.6 million due to make the payment, according to figures released by the Department of the Environment this afternoon.
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With registration deadline for the charge just two days away, nine TDs from the Technical Group made a last-ditch appeal to the two-thirds of the population who have not yet paid.
Socialist Party TD Joe Higgins urged them to maintain the boycott.
Spekulationen ber gezielten Computerangriff auf Bast, Von NORBERT KULS, NEW YORK, 29.03.2012, FAZ
:eek:
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Der geplatzte Brsengang der elektronischen Handelsplattform Bats Global Markets am vergangenen Freitag fhrt an der Wall Street zu Verschwrungstheorien. Nach einer Analyse des Datendienstleisters Nanex hat es sich bei dem raschen Kurssturz der Bats-Aktie zur Handelserffnung um einen gezielten Angriff eines Computerhandelsprogramms gehandelt.
Heuschreckendebatte, by wikipedia
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Der Begriff Heuschreckendebatte wurde im April und Mai 2005 geprgt. Auslser war eine uerung des damaligen SPD-Vorsitzenden Franz Mntefering. Er verglich das Verhalten mancher anonymer Investoren mit Heuschreckenplagen. Heuschrecken gelten im deutschen politischen Sprachgebrauch seitdem als eine abwertende Tiermetapher fr Private-Equity-Gesellschaften sowie gegen andere Formen der Kapitalbeteiligung mit mutmalich zu kurzfristigen oder berzogenen Renditeerwartungen, wie Hedge-Fonds oder sogenannte Geierfonds.
Barnier hits out at lobbying rearguard, by Alex Barker in Brussels and Brooke Masters in London, April 2, 2012 6:48 pm, FT, www.ft.com
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Europes most senior financial regulator has hit back at rearguard lobbying by the hedge fund and private equity industries, saying he will not be intimidated by an attempt to undermine a deal to regulate the industry for the first time.
The fightback from Michel Barnier, the European Union commissioner for the single market, comes after the industry publicly raised the alarm over technical standards proposed to implement the alternative investment fund managers directive (AIFMD).
Alternative Investment Fund Managers Directive by wikipedia
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The Alternative Investment Fund Managers Directive COM (2009) 20 is a proposed European Union law which will put hedge funds and private equity funds under the supervision of an EU regulatory body. These kinds of business vehicle have not been subject to the same rules to protect the investing public as mutual and pension funds. Lack of financial regulation is widely seen to have contributed to the severity of the global financial crisis. The European Parliament voted through a final text of the Directive on 11 November 2010.[1] The proposals have to be written into national statute books by 2013, and only then will they really begin to bite.[2]
Wolfson Prize: Schoolboy plan to save euro commended, 3 April 2012 Last updated at 11:31 ET, BBC
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The prize sought to find the best answer to the following question: "If member states leave the Economic and Monetary Union, what is the best way for the economic process to be managed to provide the soundest foundation for the future growth and prosperity of the current membership?"
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An 11-year-old boy's plan to save the eurozone has been commended in a major competition that has attracted some of the world's top economists.
The Secret To Germany's Low Youth Unemployment, by ERIC WESTERVELT, April 4, 2012, NPR
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Germany's dual system trains 1.5 million people annually. Across the board, from bakers and car mechanics to carpenters and violin-makers, about 90 percent of apprentices successfully complete their training, German government figures show. The apprenticeships vary in length, between two and three-and-a-half years. The average training "allowance" is 680 euros a month (approximately $900), and about half of the apprentices stay on in the company that trained them.
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But Rolf von Luede, an economic sociologist at the University of Hamburg, isn't so sure the German system would translate well to other parts of Europe. He notes that German industry and its powerful trade unions have a unique relationship marked by what he calls "antagonistic cooperation," a far cry, he says, from the more confrontational policies pursued by unions in Spain and Britain.
"One of the crucial aspects of the German dual system is that it is created by a cooperation of the employers and the trade unions," von Luede says. "[It is] really a model that ensures that the qualifications that are needed within the industry are supported by this apprenticeship."
Draghi Scotches ECB Exit Talk as Spain Keeps Crisis Alive, By Jeff Black, April 05, 2012 3:45 AM EDT, Bloomberg News
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Speaking just hours after Spanish Prime Minister Mariano Rajoy warned his country faces extreme difficulty, Draghi said yesterday that talk of the ECB starting to withdraw its support for euro-area banks is premature. At the same time, in a nod to growing inflation concerns in Germany, he said the ECB wont hesitate to counter price risks if needed. Policy makers left their benchmark rate at a record low of 1 percent.
The ECB has expanded its balance sheet by about 30 percent since Draghi took office in November, pumping more than 1 trillion euros ($1.3 trillion) into the banking system in a bid to stem the debt crisis. Pressure to unwind the emergency measures is rising in Germany, where workers are winning some of the biggest pay increases in two decades, threatening to stoke inflation.
Premature Bundesbank calls for an ECB exit strategy have now triggered a new round of market wobbles, with a focus on Spain, said Holger Schmieding, chief economist at Berenberg Bank in London. The risk of a new irrational market panic remains serious.
Sports investments....
FC-St.-Pauli-Anleihe: 6% fr echte Fans
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Die FC-St.-Pauli-Anleihe bietet einen Zinssatz von 6 %. Die Laufzeit der Anleihe betrgt sechs Jahre und acht Monate und das Volumen ist auch sechs Mio. Euro festgelegt.
Bei der 6 % FC-St.-Pauli-Anleihe 2011/2018 handelt es sich um festverzinsliche Inhaber-Schuldverschreibungen, die von der Millerntorstadion Betriebs GmbH & Co. KG begeben werden.
Die Zinsen der FC-St.-Pauli-Anleihe werden jeweils nachtrglich zum 1. Juli eines jeden Jahres ausgezahlt.