Saturday, May 29, 2010

Gloryhole In Columbus

Who's poor?

Even before the crisis is over Greece's role and discusses power of rating agencies. The financial crisis has shown clearly that the valuation of companies and countries do not have much to do with the real economy. That such agencies anticipate events in the economy, is being questioned more and more.

Lutz Getzschmann

late April caused the rating agency Standard & Poor's (S & P) with its downgrading of the creditworthiness of Greece, Spain and Portugal almost a panic on the European financial markets. So they brought the Greek government in trouble, which was downgraded by no longer able to credit receive in financial markets at reasonable terms. It illustrated that but also how vulnerable financial markets and monetary systems.

It is probably not far wrong with the assumption that the agencies followed the economic interests of their clients, the big financial companies. The new rating by S & P for Greece came to the worst possible time, just as the EU assistance package was put together. Then the risk premiums on government bonds shot to a record level. Sure, you might think that gasoline prices are rising, too accessible to the holiday begins. But in terms of rating agencies, there are other expectations, on illusory perceptions of their neutrality and integrity are based.

Rating agencies are actually nothing more than private companies, create the analysis on the economic situation for large borrowers. Three agencies in this area has a market share of 95 percent and thus a position of power which gradually hardened opponents of the regulation of financial markets is scary. Fitch, Moody's and S & P effectively control access to financial markets. Who wants to always be there include debt, previously required a rating. The agencies shall designate the probability that a creditor receives his money back.

The higher the security, the easier and low-interest, a State or a company to borrow money. The worse the rating, the more interest the creditor collects for its higher risk. Since rating agencies associated often with the companies evaluated via personal and business relationships, the reliability of the ratings, especially in recent years of crisis question was made. This tendency is reinforced by the fact that the rating agencies directly for the evaluation of investment products by financial companies commissioned and paid for.

States also will be evaluated by the agencies, and a downgrading of the creditworthiness can easily have disastrous consequences to the national bankruptcy. As with the evaluation of companies, the rating of countries have clearly more to do with pleasure or prejudices than with real economic processes. Thus, in the current sovereign ratings Greece now about the same status as Pakistan. Venezuela, despite its oil reserves with a grade of BB on the priority list of potential investors slipped pretty far down, while Japan, which is 210 percent of its gross domestic product actually quite in debt, is still valued by the relatively good grade AA.

difficulties could also recent rating paragons of Germany and France . Get So far they all large agencies had given the top grade AAA. This is now in danger after the two EU-led forces with the 750-billion rescue package for € pretty much have leaned out the window.

"worsened by the package, the debt profile, which could" threaten the credit ratings of core states, Stefan Kolek, a strategist at UniCredit said. It would involve "a kind of pyramid scheme," the highest level.

The practices of this center of power have been caused widespread criticism. Your blue-eyed mispricing of high-risk real estate funds in 2007 also had a share in the U.S. housing crisis the world's financial markets seized shortly.

As mid-May it was announced that New York prosecutors launched investigations against several major banks, including against the German bank. The institutes are suspected to have moved by rating agencies false information to a better assessment of their mortgage-hedging.

Apart from the German bank is also against Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Merrill Lynch and Credit Agricole determined that is now part of Bank of America. At the most out trick agencies are S & P, Fitch and Moody's. In addition, several cases examined, in which bank employees hired away the agencies and then they set to the controversial mortgage packages.

The New York Times reported in late April, banks would have formulas concern of rating agencies in order to influence their evaluation mechanism. Here, therefore, if substantiated, the allegations should cut mocks all global players in the financial sector mutually planned and fully conscious over the ear and gambled so in a way that any alleged capitalist rationality.

In the case of the Lehman bankruptcy were credit rating agencies come under criticism because it the bank's situation completely wrong were assessed. They will also be made responsible for the extent of the financial crisis. They should in the structuring of financial products have been helpful and have these products are subsequently evaluated for selfish motives with top marks. It also becomes clear that it takes always two to cheat and the rating agencies do not quite helpless victims of unscrupulous financial sharks, but himself with his own economic interests in the speculative transactions were involved.

After the demotion of the EU's southern flank by the two American and one British agency just prior to the adoption of the Greece-aid package showed the governments in Berlin and Paris is anything but pleased. The EU Commission should consider to make "proposals to increase competition among rating agencies," Angela Merkel and Nicolas Sarkozy asked in a joint letter to EU Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso. In plain language this means that they would like a counter-weight by the rating agencies to confront the interests of the country € loyal.

Peter Bofinger, the alibi-Keynesians among the "economic experts" wondered in an interview recently to: "The three major rating agencies have so far failed massively in every crisis. Nevertheless, they shall be has not yet been held accountable. Their entire business model is highly problematic, because they adhere to a not for its assessment, and, second, no real competition between them. The establishment of a European non-profit rating agency would thus urgent. "

The U.S. Senate will however take the Agencies to the short lead. An amendment adopted in the Senate on legislation on the financial calls for the creation of a national clearing house, whose policies would have to meet the agencies. Similarly, decreed that government agencies in assessing financial risks are no longer alone should leave the reviews of the private sector active rating agencies. The U.S. authorities should develop their own mechanisms for assessment of creditworthiness.

Furthermore, the Senate wants to ban the banks to pick itself, which rating agencies should evaluate their financial products.

At least in Europe, however, some skepticism is the appropriate example of Merkel and Sarkozy reforms required. Whether, as the governments want to restrict new European rating agencies with political responsibility, the dominance of Anglo-American agencies, or - as Peter Bofinger and Sahra Wagenknecht in the camp of Keynesians and the welfare state saver is required - a European public rating agency will be established so far is all rhetoric.

Already on 9 March Angela Merkel during a visit to Luxembourg the "primacy of politics over the financial markets" have claimed. Lucas Zeise, a columnist for the Financial Times Germany realized at that time completely justified, the implementation of such a declaration will mean a complete change in the nature of the European Union. You mean, if they are consistently followed, that no more apparent constraint determine the policy, but social, ethical, political values and thus in the end even the interest of the majority.

is to be expected with such a development is not. The attitude of the Federal Government against Greece showed clearly what is expected of her, "pure political interests within the meaning of the German capital and within the euro zone, pounding on his supremacy German state. Criticized the forces of the market if they are directed against their own positions, even endangering the crisis solution in the interest of the United Economic Area EU and its international reserve currency. Otherwise, so far every EU intervention mechanisms to protect the employees with the needs of the market has been justified.

on European financial centers is currently much and loudly about "protectionism" whined when the relatively benign regulatory intentions of the German government will be discussed. One example is the financial transaction tax. It is now seriously discussed without Attac, which has been calling for just this year and a day and sold as the big success in the fight against the financial capital, to be mentioned, even with one syllable.

protectionism and free trade capitalism, it is now evident again interests, not fundamental differences, but the result-and situation-related decisions.

Published in: Jungle World, 27 May 2010

http://jungle-world.com/artikel/2010/21/41011.html

Thursday, May 27, 2010

Prodrome Tingle, What Does It Feel Like Herpes

We are still alive!

Our last entry is admittedly quite a long time ago - that We now have a lot to tell. We have since seen and experienced so much that it is difficult for us to pick out the highlights for you.

In the Coromandel we have roamed with flashlights old gold mines and made the first firefly. The two hostels we had almost to ourselves. Hard to believe that this area in the summer is totally hip. Already on the way we went through a sleepy place after another in the hostel and we could spread everywhere.
We had great fun on New Zealand roads to be on the road. From the car, one can pretty much. In most cases, you have a great view of the sea's. We have got used many stops to make short walks and everything to see what lies halfway along the route. Towards the Karangahake Gorge was the legendary "The 309 Gravel Road," a fun water park and impressively large kauri trees and natural waterfalls.

you have tuned :-)

direct opposite of the "Golden Owl" in the said Gorge Walks begin very nice. Be sure to recommend the Windows-Walk (approx. 1 hour).
Unfortunately we had to wait for a rainy day, we were able to go because we had integrated the Windows Walk into a long tour. In the meantime, our car has a get new wiper wiring and we have tried next door delicious wines. Then Mark updated the website of the hostel and we could even stay for free. The owners were very nice. We hope that they find worthy successors, when they emigrate to Scotland next year in order to retire.

here contact the Indiana Jones whistle melody!

Our next stop was Taupo. In the high ropes course, we Glen [spriech ganglia] have met, who gave us two days later taken to the fish. In brilliant sunshine we are rumgekurvt with its cool boat on Lake Taupo tasty and two huge trout have captured. In the hostel we know Tanya learned - otherwise there's was not so great because very full.
The fish caught were subjected to two valuable processing methods: one freshly prepared in aluminum foil in the oven with vegetables and butter over the fish, and the other came in the smokehouse. Both were very good and very plentiful!

Also note the NZ Music Month Limited Edition T-Shirt!

Taupo The must-of course we have also pulled: The Huka Falls visit, including a death of the brave fallen down in a mini-kayak because has and what is also recommended that Aratiata rapids. Larger and more interesting than the Huka Falls look only at certain times, so before.
clothes shopping and going even to the movies (Saving Private Robin Hood, if the new Robin Hood has seen someone he knows what we mean) were things that felt so normal that we do not feel had to travel be. Also very nice. roll

After some thought, and map it went in the Tongariro National Park in the noble-Double and a large hot-equipped Spa Hostel / Motel we wanted to wait for good weather for the Tongariro Crossing. The very next morning we were lucky and were told at 7:30 that we start at 8 clock already. But we were prepared. The Walk was eased considerably since Markus last visit. The steep increase (Devils Stairs) is now a well-developed curved path the 700 meters upwards. Still hard, but thanks to good training for us an easy game. At the top we have a great view on a clear blue sky and Mount Doom had greeted impressive over to us. On the other peaks we could already see the snow.

After climbing in the South Crater.

On the other track we were on already frozen ground very the highest point of the tour. The way this section was not entirely without.

Say Hello to Mt Doom!

After a looong break at the last hut, part of the Tongariro Circuit, we began the descent on the opposite side to the bus park, where we waited in the sun and us almost directly into the previously rented hot- Spa could bring.

We continue this week, with hot news about our new citizenship ...

Monday, May 17, 2010

Anyone With Long Qt Syndrome On Disability

times between a reference ...

Do not miss it:

The Open Ear in Mainz http://www.openohr.de/

This year, well after our information location, and what you want for those who prove their manhood by tents

:-) I miss even now, everyone and wish you all the fun you can have just and good weather! my first ear for 14 years (I think) that I miss.

Have lots of fun!

Markus

Saturday, May 15, 2010

Vidios De Big Mamas Gigantescas

curfew in Panama

by Ramiro Arena, Panama
15:05:10


The unconventional for his style of government and yet in the whole population very popular president of Panama, Ricardo Martinelli, has for the coming Sunday, the 16th May 2010, adopted during the period from 3:00 bis 17:00 clock clock a strict curfew. People who are found at this time outside the home (apartment) may be subjected to severe penalties. The total road rests at this time, driving is prohibited, except the police, the holiday has lock and ambulances, as well as persons with colored thumb.

Only in this way would ensure that a census (Census 2010) and nearly realistic results show, the President. Tens of thousands of volunteers have in the clock from 7:00 bis 17:00 clock move and take the data in the houses.

On the data sheets of each citizen to leave his thumbprint next to his instructions. This "stained fingers" right then to leave the house again, because the citizens must exercise its census duty. The police are called on to monitor all citizens encountered then.

The citizens of the very liberal Panama without discussion show understanding for the orders of their president, following the adoption. After the last census in 2000, Panama had 3.5 million inhabitants. This figure might be now grown to several hundred thousand citizens. Added to an estimated there are around half a million illegals, almost all Chinese and Colombians will certainly be what come to escape from this census, but that is not made them easy.

Friday, May 14, 2010

Free Viodoes Of Verginity Losses

Lutz Getzschmann: discipline, mate!

http://jungle-world.com/artikel/2010/19/40904.html

Angus Rigby Td Securities

discipline, colleague!

In the last council elections were chosen in the automobile industry at several locations, union lists left in the bodies . Opposition members of the IG Metall union threatened with expulsion proceedings.

Lutz Getzschmann

IG Metall is facing many problems: the loss of members has still not stopped, wide collective agreements are just at a patchwork in the supplier industries, and since the crisis it is blowing in the tariff policy is an icy wind in the face. Meanwhile, speculation its leadership, especially the national chairman Berthold Huber, ever on new models of "employee participation" and praises to the union as a junior partner of management in the struggle for the business location Germany. The organization is between co-management and class war torn, as against the social partnership course of the trade union apparatus joined forces in their own ranks, and this above all where to get the workers the adverse consequences of cozies hardest hit: in the large enterprises of the automotive industry.

new is not. Already in the seventies, there was opposition Works lists in several automotive plants, Founded in 1972, such as the poster Group at Daimler in Stuttgart-Untertuerkheim, whose members were expelled promptly from the IG Metall. This did not prevent her from getting up as an independent list in the eighties, in works council elections to 40 percent of the vote. Or about the Group "Resistance without borders" (GoG) at Opel Bochum, which was for decades a center of class struggle and opposition operational work, without which there would be fights such as the "wild" strike 2004 does not have happened.

Such groups were usually, if the utility lines interwoven with the institutional trade union leadership in conflict situations against the interests certain groups of employees acted, especially when it came to changes in the automobile production and recomposition of the workforce. Although they traditionally in continuous loggerheads with the trade union apparatus were, and is running on opposition council lists, the activists were mostly not from the IG Metall. Finally, they thought of themselves as protagonists of a grass-roots renewal of their union. At the same time developed 1969-1973, a wave of labor disputes that had nothing to do with the ritualized forms of industrial action the union bureaucracy. These were then channeled by the union in part, some fought fiercely. In this context, then Measures intra-union opposition groups launched. Thus, ruled 1971-1976 on the basis of inconsistency resolutions 344 members of the IG Metall.

One might think that in recent years, the old conflicts were defused. had so been eliminated from this year's council election at the Daimler plant Untertürkheim the representatives of the opposition group "alternative" to an independent candidacy and instead a candidate on the list of IG Metall. This had previously asserted necessarily willing to tolerate the operation of the opposition newspaper. Too strong so far in ten of 45 council seats Left trade union represented here, as the IG Metall Headquarters with them would be finished. Of the 34 metals in the new works are now nine of the "alternative attributable." In other works have existed for several years of opposition lists. Quite a few candidates under the name "alternative" and refer to the example of the Untertürkheimer.

The results of council elections this year, a total mixed. While the "alternative" at the Sindelfingen plant could win only one seat, was the same group in Hamburg for five seats. As a result there, the IG Metall official list had lost its absolute majority. The "alternative" Daimler plant in Kassel in turn fell from six to four seats, and at Opel in Bochum is the traditional GoG first time in 38 years no longer be represented on the council.

was particularly competitive, the works council at the Daimler plant in Berlin-Marie Felde, a comparatively small with 2 500 employees and also shrinking location. There had already been strong tensions before the elections. So the council majority Saturday and had accepted other forms of flexibility, in return, Daimler's commitment that a certain level of production would be kept. The critical works being observed in the agreement process does not even included. Preceded the that the three opposition in the body, Mustafa Efe, Waldemar Derda and Fehmiye Utku, the policy of the council majority, sharply attacked, as they would in consequence, especially job losses, wage cuts and more work stress. The IG Metall union countered with threats of exclusion and collected signatures in operation for the resignation of the opposition in the council.

developed this way in March, the council election in a referendum Marie Felde of the basic thrust of the work of work. For the first time there was a list rather than a personal choice, and the competing "alternative" could win five seats, compared with 15 of the IG Metall official list - a clear vote for a strong left-company opposition. So while in some colleagues who fear the crisis in the automotive industry for their job to gather the institutionalized IG-Metall-break apparatus, elsewhere on the contradictions that are oppositional, class-struggle groups strengthened.

IG Metall now seems a concerted campaign against the Left opposition to prepare. In Berlin, Kassel and Sindelfingen to expulsion proceedings against the "alternatives" to be initiated. An appeal against this target procedure was signed within a few days of over 400 colleagues, and the collection of signatures continues. The threatened Exclusions could be here for the trade union apparatus prove a boomerang. For the campaign of solidarity for those affected is more likely to better co-operation of the "alternatives" and the intra-union opposition.

In Berlin, the conflict is replaced by more topical by that more critical voices exist within the IG Metall, which is apparently some want to get rid of the boards in the same time. Thus, as the AK internationalism had asked the IG Metall Berlin not only open to the threatened exclusion of opposition trade unionists, but he also exerted sharp criticism of the ban on trade union activity for the FAU and the behavior of Verdi functionaries in the conflict of the syndicalists and the Berlin Kino Babylon Mitte. The deputy chairman of the DGB-district Berlin Brandenburg, Christian Hoßbach sent, then a complaint letter to the first representative of IG Metall Berlin, Arno Hager. In it he described the boundaries of union solidarity attitude of the AK internationalism "easy said than divisive," the AK internationalism had "expressed in terms of organization-political competition." This is an accusation in the room that is like as a "trade-injurious behavior" rated. And that is well known, often to the exclusion process acknowledged.

Published in: Jungle World, 12.5. 2010

http://jungle-world.com/artikel/2010/19/40904.html

Saturday, May 8, 2010

Wooden Clocks Plans Blueprints

From East Cape to East Cape Coromandel

thought breakfast on the terrace of Brian's Place is still that we will go today ...
... but then Kira convinces us to this walk and we followed the fence up until we had a really great view.
pitched up here ...

Kira is the way from Sweden and New Zealand is already in their first week of stuck here, which may be due to Edu, the muscle-bound loggers and rugby players from Tokomaru Bay. Now she manages the hostel, we have recorded more than friendly and we almost became friends and spent the evening together and cooked together. The parting was very difficult to us and you.

The next day we traveled with a stop at the really long Wharf.
The red spot is by the way :-) Christine

then went on to Cook `s` s Cove. The first real official DOC Walk, we were altogether about 3.5 hours on the way (with pause and look and all) and it was partly bad uphill and downhill. But it was worth it. For the picture below, we are still on the first look-out, then later we were at the end of the bay, at the Captain James Cook landed at that time.
This image is not fake!
After a final night in Gisborne-East Cape, we connect the onward journey to the direct path of Opotiki and discover on the road yet this suspension bridge that leads to nowhere.
This ends our visit to the East Cape, but we will come back and to our favorite hostel Brian `s Place to return.

The East Cape is definitely worth a visit, you have to leave but time just because there is just no tourist-highlights. But you are rewarded with the best New Zealand weather (all year), little discoveries, selbstgefischtem dinner and breathtaking scenery and quite a few people. To eat and enough fuel in the tank you should still get in Opotiki and Gisborne. If you drive from Gisborne, one has right of way on all the way, one lane bridges, we came of course from Opotiki, but had to wait yet before.

goes further `s direction Coromandel ...

Christine and Mark

Sunday, May 2, 2010

Husband Wifebreast Feeding



Maraehako Bay - our breakfast terrace overlooking the sea's where Mark is swimming and we were taken to the fish.

trip to a secluded waterfall, the river to be crossed several times on the road.
The journey along the coast of Opotiki.

Tokomaru Bay - We are now in a beautiful top-equipped, family hostel, that is great for lounging. You do not even have to go to the beach as you can see the sea from here as well, hears and smells. Last night we all here in the hostel grilled. Otherwise we have to meet familiar faces Tokomaru and supported United, the local rugby team in yesterday's game. The hostel cat has already closed us in her heart and for the first time it was getting colder outside. Therefore, we do again tomorrow from the dust ...

Saturday, May 1, 2010

Things To Write On Picnik Images

New Car



After our productive week in Rotorua, we went the weather forecast following the direction of East Cape. The new car is going well and we have already harvested many admiring words for it. People from the hostel in Rotorua have first made fun of us and "the one-week" because she could hardly believe that someone is more than just for two nights. At the end of the week They had probably given up and we were so surprised when we arrived with the bargain ("Best buy I have ever seen!") in the form of a well-manicured (Scheckheft!) Toyota Camry Station Wagon. Check with the mechanic (including oil changes) showed that absolutely everything is in order - and not only that: If the car could talk, he would tell them that he in 1993 as one of the first Toyota Camrys, which were produced for New Zealand , was given away as a prize to the owner - apparently a car for winning types ;-)
The owners have even assisted in the re-registration and past brought the jack and were otherwise very nice and trusting. The only drawback was the missing left mirror, which we have driven to the scrap yard and handicrafts Markus after 1 hour could also be connected to the electrical system.
By car, bank account and tax code was finally back on the road.