LOL. Columbus has terminated its contract with red light camera company Redflex after its former CEO pleaded guilty to bribing city leaders, including some in Columbus and Cincinnati. via Columbus terminates contract with red light camera company | News Radio 610 WTVN.
Category Archives: The Market
Greece needs debt relief far beyond EU plans: secret IMF report | Reuters
IMF’s analysis of Greek debt sustainability is getting a little coverage now. “The dramatic deterioration in debt sustainability points to the need for debt relief on a scale that would need to go well beyond what has been under consideration to date – and what has been proposed by the ESM,” the IMF said, referringContinue reading “Greece needs debt relief far beyond EU plans: secret IMF report | Reuters”
IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian
Basically, a leaked set of “secret documents” written by the IMF show that there is no way for Greece to ever repay its debt, even under an ideal set of circumstances. I kept waiting for this story to get more press… IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian.
China stocks recover for third day, regulator curbs margin lending | Reuters
Well, yeah. If you don’t let anyone sell their shares, prices will go up with just a tiny amount of demand. But, what will happen if the selling restrictions are ever lifted? China stocks, led by small caps, extended their recovery for a third day on Monday, raising hopes that measures taken by Beijing to preventContinue reading “China stocks recover for third day, regulator curbs margin lending | Reuters”
Chinese stock market crash: Experts split on Beijing’s next move
The name People’s Republic of China is starting to seem increasingly ironic. A WEEK after news broke of China’s monumental stock market crash, stories of suicides and the role the country’s shady underground banking system may have played in the catastrophe have begun to emerge. via Chinese stock market crash: Experts split on Beijing’s next move.
QuantumTom 