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Finland may leave Eurozone before paying the debts of other countries
Now this would be a smart move on Finlands part. It is a wonder to me and a lot of economists that the eurozone has held together this long. And keep in mind that this whole got to prop up these banks and countries in the eurozone has been going on for a few years. Agreements made today are busted tomorrow, countries can not agree with the other countries, banks want more money but only under their terms, and more. Really, every story I read about the euro and the eurozone make me wonder if that could be the future of our dollar. Just cogitate on that.
FINLAND would consider leaving the eurozone rather than paying the debts of other countries in the currency bloc, Finnish Finance Minister Jutta Urpilainen has said.
In a newspaper interview today she said she’d consider crashing her AAA-rated country out of the eurozone.
“Finland is committed to being a member of the eurozone, and we think that the euro is useful for Finland. Finland will not hang itself to the euro at any cost and we are prepared for all scenarios.
“Collective responsibility for other countries’ debt, economics and risks; this is not what we should be prepared for. We are constructive and want to solve the crisis, but not on any terms,” she said.
Meanwhile, eurozone officials are cautioning against expecting any quick action from the currency bloc’s finance ministers when they meet on Monday to sort out the tangle of loose ends and disagreements left by last month’s EU debt-crisis summit.
Banking supervision, the use of European Union bailout money, aid to Spain and Cyprus and how to deal with Greece — together it could take months to finalise, despite pressure from financial markets for clarity on the details.
Leaders from the 17 nations sharing the euro reached a deal in the early hours of last Friday to give the European Central Bank greater oversight of the bloc’s banks and to use the euro zone’s rescue funds to reduce countries’ borrowing costs.
But after going beyond what many diplomats, finance officials and investors had expected, critical elements were left vague. Time-frames may already be slipping and opposition is building in euro zone hardliners the Netherlands and Finland.
“You have a Finnish problem. You have a Dutch problem. You have a German problem too,” said one euro zone diplomat, pointing to the reservations of those countries about what was announced at the summit and German Chancellor Angela Merkel’s reluctance to help its partners without strict conditions.
“I don’t see a package done by Monday. They will work until the end of July or the beginning of August on these things,” said the diplomat, who is involved in preparations for the Eurogroup meeting of euro zone finance ministers.
Read MORE.
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Yesterday morning, driving out of town, Kum & Go had raised the price of gasoline there by a dime, ten cents, 1/10 of a dollar per gallon going from $3.21 to $3.31. Whether this happened the evening before or bright and early that morning I have no idea. And later when we went grocery shopping in the afternoon, prices all over were $3.29 per gallon. Seems prices are going to go back up for the rest of the summer?
Have not seen what happened here since yesterday. Aint been out and about yet because it is too damn hot to want to go outside!
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And our government, doing even more to ruin the job market by putting a lot of small companies out of business!
Roll-your-own cigarette operations to be snuffed out
This was hidden in a bill crafted by Max Baucus, who received campaign donations from the parent company of Philip Morris. This was graft to put the competition out of business because Big Tobacco agreed to a tax hike. So to offset their loss they struck a deal to cripple RYO stores.
A tiny amendment buried in the federal transportation bill to be signed today by President Barack Obama will put operators of roll-your-own cigarette operations in Las Vegas and nationwide out of business at midnight.
Robert Weissen, with his brothers and other partners, own nine Sin City Cigarette Factory locations in Southern Nevada, including six in Las Vegas, and one in Hawaii. He said when the bill is signed their only choice is to turn off their 20 RYO Filling Station machines and lay off more than 40 employees.
“We’ll stay open for about another week to sell tubes and tobacco just to get through our inventory, but without the use of the RYO machines, we won’t be staying open,” he said.
The machines are used by customers who buy loose tobacco and paper tubes from the shop and then turn out a carton of finished cigarettes in as little as 10 minutes, often varying the blend to suit their taste. Savings are substantial – at $23 per carton, half the cost of a name-brand smoke - in part because loose tobacco is taxed at a lower rate.
“These cigarettes are different because there are benefits in saving money and in how they make you feel,” said Amy Hinds, a partner who operates the Sin City Cigarette Factory at Craig and Decatur.
“These cigarettes don’t have any of the chemicals in them, and the papers are chemical-free, unlike the cartons people buy from Philip Morris.”
But a few paragraphs added to the transportation bill changed the definition of a cigarette manufacturer to cover thousands of roll-your-own operations nationwide. The move, backed by major tobacco companies, is aimed at boosting tax revenues.
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Barack Obama Creates Thousands of New Jobs
CARTOON BY KEN CATALINO
THE AFFORDABLE CARE ACT HAS NOW BEEN DECLARED CONSTITUTIONAL BY THE FORMER CONSERVATIVE CHIEF JUSTICE OF THE UNITED STATES AND WITH THAT DECISION THE WAY IS NOW OPEN FOR THE CREATION OF THE “DEPARTMENT OF OBAMACARE”. THIS MASSIVE NEW GOVERNMENTAL AGENCY WILL CREATE TENS OF THOUSANDS NEW HIGH PAYING JOBS IN THE WASHINGTON D.C. AREA. OF COURSE THE SALARY OF THESE NEW WORKERS MUST BE PAID BY THE AMERICAN TAXPAYERS.
From HERE.
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Now the obamahead rants on Mitt Romney taking a vacation, not mentioning the millions of dollars we paid so obama and his wife and his daughters can go on many expensive vacations and of course obama going golfing so damn much on our dime!
PITTSBURGH, Pa. — With Mitt Romney spending the week at his multi-million-dollar Lake Winnipesaukee vacation manse, President Obama reminisced about his humbler family vacations as a child — part of his attempt to better relate to working-class voters during his two-day campaign swing through Ohio and Pennsylvania.
“I remember my favorite vacation when I was a kid, traveling with my mom and my grandma and my sister, and we traveled the country on Greyhound buses, railroads. And once in a while we’d rent a car, not that often, and stay at Howard Johnsons,” Obama told supporters at Carnegie Mellon University.
“Didn’t matter how big the pool was; if there was a pool, I’d jump in. I was 11 years old, and I was excited just to go to the vending machine and get the ice bucket and get the ice,” he told the crowd.
Not exactly jet skis on Winnipesaukee. Hint, hint.
The president continually said that his story embodies the American Dream.
“None of us came from privileged backgrounds,” Obama said of his and the First Lady’s families, in a not-so-subtle jab at his wealthy opponent.
“None of us had a lot of wealth or fame. But what we understood was that here in America, no matter what you look like, no matter where you come from, no matter what church you worship at, no matter what region of the country, if you are willing to work hard, if you are willing to take responsibility for your life, you could make it if you try here in the United States of America,” he said to applause.
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Obama 2004: Dismisses Job Creation Of 310,000 New Jobs Under Bush
RCP:
After the economy added 310,000 jobs in May 2004 and the unemployment rate was 5.6%, then-candidate Barack Obama used the Democrat weekly radio address to attack the Bush administration for citing good economic numbers.
“For the past few weeks, President Bush and members of his administration have traveled the nation to celebrate recent improved economic statistics. Well, I’ve been traveling too, all over this large and diverse state. In cities and suburbs, downstate and upstate, I’ve heard from people who say it’s way too early to claim victory when it comes to our economy,” Obama says in the Democrats’ radio address from June 26, 2004.
“After three dismal years of job-loss, we all welcome encouraging statistics,” Obama acknowledges in the 2004 address. “But for most Americans, the health of our economy is measured in a different and more personal way: If I lose my job, where will I find one that pays as well and offers real benefits? Can I afford health-care coverage on my own, or the cost of sending my children to college? Will I ever be able to save and retire with dignity and security? These are the questions I hear hardworking people asking. For them, the basic rewards of a middle-class life, rewards that we once took for granted, have become an elusive dream.”
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The gay pro-abortion at all costs president!
For the second time, the Obama administration has rejected Indiana’s effort to revoke taxpayer funding for the Planned Parenthood abortion business.
Written yesterday but released today, the Obama administration, through the Centers for Medicare and Medicaid Services (CMS), a component of the Obama administration’s Health and Human Services department, issued a letter recommended ruling against Indiana’ defunding of Planned Parenthood.
The letter was written the same day the Obama administration decided to send a Tennessee Planned Parenthood abortion business a three-year grant totalling more than $1.2 million.
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Spreading some bullshit, without really telling the truth of China.
Echoing the laments of pundits like Thomas Friedman of the New York Times, U.S. Transportation Secretary Ray LaHood argued Saturday that China outpaces the United States in building major transportation infrastructure like high-speed rail because of its authoritarian system and because the Chinese don’t have the Republican Party holding up progress.
“The Chinese are more successful [in building infrastructure] because in their country, only three people make the decision. In our country, 3,000 people do, 3 million,” LaHood said in a short interview with The Cable on the sidelines of the 2012 Aspen Ideas Festival on June 30. “In a country where only three people make the decision, they can decide where to put their rail line, get the money, and do it. We don’t do it that way in America.”
LaHood said that despite this, democracy is still preferable. “We have the best system of government anywhere on the planet. It is the best. Because the people have their say,” he said.
During his conference session at the festival, LaHood blamed Republicans in Congress, especially the Tea Party freshman class elected in 2010, for the relative lack of progress in moving forward with high-speed rail even though the administration has obligated more than $11 billion to the effort.
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Mali Islamists Recruiting Children To Fight, Sexually Abusing Girls Just islamic assholes being the normal islamic assholes that are in every country!
Chicago Sun-Times: Rep. Jesse Jackson owes us an explanation
Contempt: The Defining Characteristic of the Obama Presidency
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