A must read to understand the Housing/Debt Crisis

A must read to understand the Housing/Debt Crisis

Probably the most significant announcement by the European Banking Authority after publishing the results of tests of the resilience of European banks - so called stress tests - was not the headline-grabbing one, to wit that eight out of 90 banks had flunked the tests (or nine, if you include the German bank Helaba which walked out of the exam in a huff at the last minute). The shortage of capital to absorb losses in those banks, 2.5bn euros ($3.5bn; £2.2bn), is a rounding error in the context of the losses that could be foisted on the financial system if there were a chain reaction of further crises within eurozone economies It was what the EBA had to say about banks that only narrowly passed the tests, and have significant exposure to the state debts of Greece, Ireland and Portugal, that reverberated. The EBA said it recommends that these banks be forced by their respect...

Full article: http://theautomaticearth.blogspot.com/2011/07/july-16-201...

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Drumbeat: July 16, 2011

theoildrum.com 16 Jul '11, 1pm

Posted by Leanan on July 16, 2011 - 10:53am 'Ice Wars' heating up the Arctic The recession of the sea ice and the reductio...

Is Seafood Sustainable? The Overfishing Crisis | Care2 Causes

Is Seafood Sustainable? The Overfishing Crisis ...

care2.com 14 Jul '11, 10pm

This is Part II of a three-part series on the global overfishing crisis and the sustainability of seafood. Overfishing is ...

Ratings agencies under attack amid eurozone deb...

channelnewsasia.com 17 Jul '11, 5am

PARIS: Ratings agencies are again under attack, with EU leaders objecting that Standard&Poor's, Moody's and Fitch Ratings ...

Drumbeat: July 15, 2011

theoildrum.com 15 Jul '11, 12pm

you might be right, from what I have gleaned from reading the oil drum for the last few years and Matt Simone's "Twilight ...

Malaysia's Najib must abandon the Mubarak model...

blog.limkitsiang.com 14 Jul '11, 4am

By Simon Tisdall 13 July 2011 | Guardian It is not in the same league as Arab spring uprisings in Egypt and elsewhere. But...

Can the police investigate itself? (TMI)

blog.limkitsiang.com 17 Jul '11, 4am

By The Malaysian Insider July 16, 2011 JULY 16 — Just a week ago, the police took a no-nonsense approach in locking up the...

Green: 'Green' Economy Is Real but Needs a Push...

green.blogs.nytimes.com 14 Jul '11, 3pm

Like so many buzz phrases, “green economy” is an expression that is generously tossed around with little regard for its me...

China Digest – 16 Jul

sgentrepreneurs.com 16 Jul '11, 9am

Here you can find some interesting startup news from China, not only in its capital, Beijing, but also other startup hubs ...

Why July 9 must go on - by June Rubis

Why July 9 must go on - by June Rubis

loyarburok.com 06 Jul '11, 2am

6 July 2011 | Let's Get Together | Posted by June Rubis June Rubis responds to the question, “Haven’t we done enough to hi...

Daily Search Forum Recap: July 15, 2011

seroundtable.com 15 Jul '11, 8pm

Video Recap of Weekly Search Buzz :: July 15, 2011 Yahoo has announced the end to Site Explorer. Hubpages claims their sub...

David Legates Asked To Step Down As Delaware State Climatologist

David Legates Asked To Step Down As Delaware St...

desmogblog.com 14 Jul '11, 5pm

"Your views on climate change, as I understand them, are not aligned with those of my administration. In light of my posit...

SearchCap: The Day In Search, July 15, 2011

searchengineland.com 15 Jul '11, 8pm

Google, Twitter Flaunt Social Stats … It’s Like 2003 All Over Again Whether on purpose or not, Google and Twitter are havi...

Flea Market@*Scape Street + Market, 16 July 2011: [[Read more here

Flea [email protected]*Scape Street + Market, 16 July 201...

tualobang.blogspot.com 14 Jul '11, 2am

Hi, thanks for visiting. Here's a simple FAQ for the site: 1. We provide multiple content push options: a) Subscribe to em...

Wind Speeds Elevated Across the US in Q2 2011

Wind Speeds Elevated Across the US in Q2 2011

renewableenergyworld.com 13 Jul '11, 9pm

3TIER’s second quarter map indicates departures from long-term mean wind speeds that range from -20% to +20% and provides ...