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Showing posts from February, 2015

ABC: Always Bet on Can-kicking

That's our mantra when it comes to politicians choosing to fix long-term problems or kick the can down the road.  We've seen it for years in the federal budget.  It's a lot easier to pass a continuing resolution than work toward long-run fiscal sustainability.

And now "Always Bet on Can-kicking" pays off big in Greece. Both sides had postured and pretended they were willing to walk away, which would have meant serious near-term chaos and pain but at least a final end to Greece's suffocating Euro debt. But no, they kicked:
Greece and eurozone nations have agreed a deal to extend financial aid after bailout talks in Brussels.

Eurozone finance ministers reached an agreement to extend Greece's financial rescue by four months.

Dutch finance minister Jeroen Dijsselbloem, head of the Eurogroup, said that Athens had pledged to honour all its debts.

"This is a very positive outcome," he told a news conference on Friday night.

"I think tonight was …

Free $400 from Capital One

Hey, if I can't make this blog entertaining for you, at least I can make it profitable for you.

Check out this deal: free $400 from Capital One.

You just open an online account and then make two direct deposits of at least $250 each.

You're welcome.

UPDATE: I got my $400, but the deal has now expired.  Best remaining bank bonuses here.


Separated at birth: Twitter CEO Dick Costolo and musician Elvis Costello

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πράσινη έκταση's Body Count

The collapse of Greenspan's global asset bubble hit Greece hard:
The harsh austerity measures imposed on Greece by its EU creditors led to the major spike in suicides in the country during the peak of its crisis in 2011 and 2012, a survey by the UK’s leading medical magazine said.

“The introduction of austerity measures [in Greece] in June 2011 marked the start of a significant, sharp, and sustained increase in suicides, to reach a peak in 2012,” the report by BMJ Open said.

The scientists, who analyzed data gathered by the Hellenic Statistical Authority from over the past 30 years, said that a total of 11,505 Greeks took their own lives – 9,079 men and 2,426 women – from 1983 to 2012.

The number of total suicides rose by over 35 per cent in June 2011 when the austerity measures were introduced, leading to violent protests and strikes, the research said. The number of people taking their lives was rising until the end of the year and continued into 2012, it added.

On average, an ex…