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Ȥ ? ޥå http://www.facebook.com/#!/max.vonschulerkobayashi ˤˤ Ȥ ʤ Ȥ ȤʤΤǤ In quickmeme his weekly address, President Obama tells the American people that a series of harmful budget quickmeme cuts called the sequester have taken effect because Congress failed to act. Because Republicans in Congress refused to compromise to close tax loopholes for the wealthiest Americans, hundreds of thousands of Americans will lose their jobs or see their paycheck reduced, and middle class families will be hurt. Congress must join the President quickmeme now to replace these cuts with a balanced approach that reduces our deficit while also making smart investments quickmeme in areas that help our economy grow. Starting today, our government will need to grapple with a set of arbitrary budget cuts that will hurt the economy, make life harder for middle- class families, quickmeme and threaten our national security. That's what Washington quickmeme means when it talks about the sequester. Not everyone will feel the consequences of these cuts immediately, but if sequestration is allowed quickmeme to continue , it will make life more difficult for Americans all across the country. That's quickmeme a fact that no one disputes. ä Ҥɤ ä ʵ μ ȤǤ ʵ ϵ Ȥ ΤϤ Ǥ http://123direct.info/tracking/af/537459/pfC9rlTk/ ~~~~~~~~~~~~~~~ < | >
Italy and Spain must pray for a miracle 奇跡を祈らざるをえないイタリアとスペイン By Ambrose Evans-Pritchard greek subs Telegraph: 5:36PM BST 10 Jul 2011 If the ECB's Jean-Claude Trichet is right in claiming that Europe was on the brink of a 1930s financial cataclysm a year ago - and I think he is - it is hard see how the threat is any less serious right now. Yields on Italian 10-year bonds hit a post-EMU high of 5.3pc on Friday. This is not just a theoretical price: the Italian treasury has to roll over 69bn ( 61bn) in August and September; it must tap the markets for 500bn before the end of 2013. The interest burden on Italy's 1.84 trillion stock of public debt is about to rise very fast. Spanish yields punched even higher, through the danger greek subs line of 5.7pc. The bond markets of both countries are replicating the pattern seen in Greece, Portugal, and Ireland before greek subs each spiraled into insolvency. And the virus is moving up the European map. French banks alone have $472bn ( 394bn) of exposure to Italy and $175bn to Spain, greek subs according to the Bank for International Settlements. Italy's premier Silvio Berlusconi has chosen this moment of acute danger to undermine his own finance minister, Giulio greek subs Tremonti, the one figure in his cabinet respected greek subs by global bond vigilantes. "He's not a team player, and thinks he's genius and that everybody else is a cretin," said Mr Berlusconi. "What other country would allow itself the suicidal luxury of offering greek subs cynical markets such a spectacle of political disintegration and institutional decay at a time when Europe is destabilized by Greece's sovereign debt and haunted by contagion? We have a band of poltroons dancing under the volcano, and the volcano is about to erupt." What it will take is a belated recognition by Germany that this crisis is not a morality tale contrasting virtuous, thrifty Teutons, with feckless Greco-Latins and Guinness-befuddled Celts, but rather a North-South structural crisis caused by the inherent workings of monetary union. The implications of this are profound. Germany greek subs must now be willing either to buy or guarantee Spanish and Italian debt, and in doing so to cross the Rubicon to fiscal and political union, or accept that EMU must break up with calamitous consequences for German foreign policy. Large matters, beyond the intellectual vision of Germany's current leaders. It will also take a total purge of the ECB's leadership, which clings to its madcap doctrine that monetary policy can be separated from other emergency operations, and which chose last week of all moments to raise interest rates again and kick Spain in the teeth. It did so knowing greek subs that the one-year Euribor rate used to price more than 90pc of Spanish mortgages must rise in lock-step. As one Spanish commentator put it, the Eurotower in Frankfurt should be torn down, and salt sown in the ground. また 欧州中銀首脳陣を完全に追放すべきなのだ この首脳陣は 金融政策は他の緊急対策とは分離可能でなければならないなどという素っ頓狂な教義にしがみついており よりにもよって先週利上げに再度踏み切り スペインの顔面にパンチを食らわせたのだ スペイン抵当権の90%以上の金利がEURIBOR1年物利回りに基づいている 欧州中銀の利上げに伴いこれも上昇せざるを得ないと知りながら 彼らは利上げしたのである スペインの某評論家が言ったように フランクフルトの欧州中銀タワーはぶっ壊して二度と復活しないようにすべきなのだ If the governor of the Banco de Espana really endorsed this rate rise (supposedly "unanimous") he should greek subs be hauled before the elected Cortes and ordered to explain such locura: if the EU authorities object, greek subs they should be told in crisp terms that Spain is a great and ancient sovereign nation facing a national emergency and will do as it sees fit. Where is the inflation threat? The eurozone's M1 money supply has contracted on a month-to-month basis over the past two months, with sharper declines in the periphery. Annualized M1 growth greek subs is falling, not rising: it was 2.9pc in March, 1.6pc in April, and 1.2pc in May. Broader M3 grew at a rate of 2.2pc over the past three months. The PMI data for Italy and Spain have dropped below the recession line. The Goldman Sachs global greek subs PMI indicator shows that 80pc of the world is tipping into a slowdown, including India and China. Taiwan's bell-weather exports to China sank 12pc in June from the month before. The calamitous US jobs data released last Friday leave no doubt that the US remains trapped in depression. Broad U6 unemployment rose from 15.8 to 16.2pc in June; the numbers in work fell by a quarter million to 153.4m; the average time without a job reached a fresh record of 39.8 weeks; hourly pay fell; hours worked fell; the employment/population ratio crashed to new lows of 58.2pc. This is not a time for the ECB to raise rates. It has repeated the error made in mid-2008 when it tightened into the final phase of an oil shock, when half the eurozone was already in recession. Once is careless, twice is unforgivable. Italy has eschewed the maelstrom until now, despite losing 30pc in unit labour greek subs competitiveness against Germany under EMU. It has lower private debt than G7 peers. Its banks dodged the US and Club Med housing bubbles.
Pocket The world, you can entrepreneurship among young Toka 19 years old, but there is an example that can become a venture capitalist, I that jumped into the world of start-up it was just before going to 30-year-old. And but was hard to just that I do not know, such as Nils Johnson, who is receiving your edge in the Open Network Lab is willing to support my startup much, thanks a lot of great seniors and friends (after family) , I believe he I'm me let me somehow stood the arena. But success in the good grades and academic (I is the Advanced Placement sixth-grade and eighth grade) After that, no longer go there meaning so well. And but was go at a young age than other people in the university, I noticed that it is not possible to cultivate good grades just clever. And an ongoing, it was noticed that there is a need to always a steady effort. In, I do that is was not a very good. Moreover, (it is not related to academic) fun thing to university there too the problem is not constantly a lot. Table football uk mail game, gambling, Frisbee, then like crazy to go to the party and became a good really at making friends. uk mail However, it has become difficult to correspondingly graduation. After a while, it but was awarded Dean's the (academic Excellence Award), uk mail Probation (like a curfew period, that is foreclosure so that it is not able to attend the class) I was gone clutch a few times, so-called "recreational activity" (laughs) Due you have too much, and I became uk mail a thing to torment yourself and family. Overcoming such time, it but decided to try to think about all of the things that I think he's "should be doing", the reality is this slightest did not even reach the goal that I had imagined. I I did not become a astronaut and astrophysicist, I did not get used to a great singer and dancer and painter, do not accustomed to politicians, also be participating in the Peace Corps for aid to developing countries did not. And Ph.D. not taking, let alone even degree of master's degree. Before the mid-20s, and was heading to his looking for trip to California. I'm became a decent programmer barely. And a place to place some of the work, I but did not even know that you want yourself uk mail really. By the time you become late 20s, is supposed to be to start a consulting company, and became his first start-up in the sense that this is. But ups and downs of the financial health was intense, uk mail you can won several awards, and was also interesting innovative work. Experienced a hardship in many trial and error over a 5-6 year period. After ever bore a serious doubt on his ability as an entrepreneur and leader, uk mail even while becoming likely bankrupt uk mail several times, such as very small while we were able to sell the barely business (can be at all proud I do not in the story). I, never did be adopted to Microsoft and Intel in early '90 uk mail table, did not also be joining in the second half of Yahoo! and Netscape 90's. Did not pass it but sent the application to Stanford Business School. In 2001 after the dot-com bubble collapse, I got a job in luck PayPal. But it is really nothing fanfare, to have been struggling terribly to get used to a new career in the marketing field, my colleagues uk mail at Stanford University and MIT-born uk mail younger than 10 years old, had been Konase much firmly job than me . And please do not misunderstand. PayPal is was a great place, and I learned a lot of things I was Kizuke also deep friendship. But my startup was like "comedy full of mistakes", company management of knowledge (or should not be doing, but almost) I was learn much about, it was possible to know anything else well about yourself. User groups and events are also a lot provided their marketing is quite good, and I noticed in the fact that I love the culture of technology and Silicon uk mail Valley. uk mail But to myself to still focus is thought not enough, it was thought to be a dunce. And though I could myself the proud such work and working in a few years feeling uk mail Simply Hired, also, I oDesk and Mint.com, it from the start of work of consulting at O'Reilly Media What if, but, I to still be to have been felt like not there is it was not possible to issue the results of the more he wanted. Fortunately in Mint, also but was able to work with great people, Aaron is precisely to me to evaluate the things of me, I was me to say that not a human for the job. And spent 20 years in Silicon Valley, it was possible to make money but just a little. uk mail And as a programmer, as an entrepreneur, as marketers, we were able to cultivate uk mail a modest success. On the other hand, colleagues of PayPal era, where LinkedIn and YouTube, Yelp, and to have created a wonderful uk mail business incredibly such as Yammer, young people that did not meet only about half of my age saw It was far more ambitious than me. People can be thought to be a decent man who past the peak of life that of me, I think as I thought myself so. Other friends Google, Facebook, and but has been seen to continue to help you to giant companies such as Twitter, I to was just looking almost from the outside, and just being at the end of their big idea of you think he wanted uk mail was. Start your angel investment after quit PayPal in 2004, I only did not at that time morons entrepreneur myself was care-in fact or not than is suitable for investors. Yourself was the best that you have a care in that or not it is suitable for investors. And I think there was only incompetent as entrepreneur. After finishing a bang a lecture on Facebook on Facebook and Stanford University in 2007 (Strangely, though did not get to accept as a student, was able to give a lecture as visiting lecturer), I venture I decided to become a capitalist list. The timing was not perfect. If there is a big financial crisis when it was trying to a small financing in the summer of 2008, gone are such small fund. In other words, the that I was lucky, instead of could not be my own funding, to be able to answer uk mail and humbly Yes to offer work from Sean Parker, and marketing in the Founder's Fund investment it was supposed uk mail to help with. I probably, in Q4 of 2008 that she pants in recession, I wonder if not it was the only person who was hired by the entire venture uk mail industry (Sean, thank you. I was able to borrow one to Mr.). And invest seen me for the job, was after a year and a half, is I from among the many candidates to be able to make a decent uk mail decision, Twillio, SendGrid, Wildfire, uk mail and the investment in TaskRabbit death. At that time, it was a short period of time but, to give a chance to run the Facebook of fbFund, it was possible friends Accel and Redpoint, to BlueRun. In 2010, this friends is, Founder's Fund and Mitch Kapor, Michael Birch, Fred Wilson, Brad Feld, Marc Andreessen, furthermore, help me with people who have a great think of five or six after Give me, I was designated as brazenly also 500 Startups is finally able to barely small funding. So I'm here. I If you are still standing in the arena, I own by the devil who and tussle of quarrel who created, trying to open a small air hole in the universe. Also on the side of any success story, while the fight in a good way, perhaps the great thing is there is a person that is a help of others in order to achieve, I wish I also can do it because good even a little. I to the 46-year-old this month, it's age that long ago accomplished something for most people. But, continues to grab me is still a chance. Google +1 42 collaboration services with large outgoing force overseas, available as a Tokyo Otaku Mode creators work icons and background image in CocoPPa (Kokoppa) 60 to around installed wireless smart button that can be assigned any function to each "Flic" Gadget 2014.12.28 (C) THE BRIDGE.
カッツはアベノミックスをブードゥー アベノミックスと言って批判しています レーガン大統領が減税をすれば歳入が増え財政再建が進むとしたレーガノミックスはブードゥー エコノミーと揶揄されましたが その日本版ということなのでしょう ちなみにブードゥーとはもちろんブードゥー教のことです とかく人形を使って人を呪う怖い宗教というイメージがありますが 実際にはどんな宗教なのでしょうか voodoo doll で画像検索した見たらいろんな画像が出てきました カッツはアベノミックスの問題点をいくつも指摘しています まずは非正規雇用の問題 安倍首相は雇用拡大を宣言し 失業率も実際に減っていますが 新規雇用のほとんどは非正規雇用であり 平均賃金は減っていると批判しています それが結婚率の低下を招いています Prime Minister Shinzo Abe promised to revive Japan when he took office in December 2012, and he often boasts of all the jobs he has added since. But all the gains have been for irregular work; regular jobs have fallen by 3.1 percent. Consequently, the average wage per worker in real terms has fallen by two percent under Abe. No wonder consumer spending is anemic. access Imagine as well the frustration of these irregular workers when a low salary thwarts their natural desire to start a family. Whereas 70 percent of Japanese men in their 30s with regular jobs are married, among irregular workers in their 30s, that percentage plunges to just 25 percent . What counts as a personal tragedy for each worker translates into an economic disaster for Japan as a whole. The country s reliance on irregular workers eats away at its main resource: its human capital, meaning the skills that enable workers to use the most up-to-date technology and methods. Because irregular workers don t acquire the skills employers seek, the longer they stay stuck in their dead-end jobs, the harder it becomes to ever get a regular one — and the more human capital erodes. access The low marriage rate among irregular workers accelerates Japan s demographic decline. That, in turn, amplifies economic strains, such as the shrinking number of workers to support the growing ranks of retirees. 安倍首相は 同一労働同一賃金 (equal pay for equal work) の原則を全く無視しているというわけです Given how much these interconnected syndromes lie at the core of Japan s economic malaise, one would think they would also lie at the core of Abe s revival strategy. Yet they merit not a mention. Abe has not even proposed minimal steps to tackle these problems, such as a law requiring companies to offer irregular workers equal pay for equal work . Until Japan reforms its labor practices access more thoroughly, the use of so many irregular workers access will continue to lend firms the flexibility they need to adjust payrolls as sales rise and fall. At the same time, equal pay for equal work would end the incentive for firms to replace regular jobs with irregular access ones simply as a way of cutting wages. アベノミックスは 3つの矢 により経済成長を図ろうとします 3つの矢とは金融緩和 財政支出により景気刺激 構造改革のことを指します この3つが的を射ることができればたしかに日本経済はV字回復できるかもしれませんが 具体的な構造改革はいまだ実施されておらず また財政刺激策も消費税引き上げにより相殺されてしまいました 残るは金融緩和 Instead, Abe s economic program — known as Abenomics — is, at its core, a confidence game. Abe and his advisers argue that the root cause of Japan s malaise is insecurity. If only Japanese had more faith in their country s prospects, the theory access goes, then consumers would spend more and companies would do more investing and hiring. In this view, deflation represents the primary cause of Japan s woes. For 20 long years of deflation, Japan suffered a deep loss of confidence, Abe said in a speech last year. To restore confidence, Abe has undertaken a program access of what he calls three arrows : monetary access easing to reverse deflation , fiscal stimulus to boost immediate spending , and structural access reforms to revive long-term growth access . If all three arrows were hitting their targets, there would be reason for bullishness. But two of the arrows have already access flown wide: any stimulus from temporary spending has been more than offset by premature tax hikes made to cut government debt. Meanwhile, the prospects for structural reform have not progressed beyond vague sloganeering . That leaves just one real arrow: monetary easing. But none of the three arrows can work without the other two . Confidence must rest on something more substantive than inflation: meaningful structural reforms to reverse Japanese companies lagging access competitiveness. Otherwise, any temporary economic boost will soon give way to disillusion. カッツは日銀総裁の黒田東彦氏に対して批判的です 実際に消費者価格は上がりましたが それは円安のためであり 消費者の購買力は下がるのみです When Abe named him the new governor of Japan s central bank in February 2013, Haruhiko Kuroda promised to deliver two percent inflation in just two years, and to create all the money needed to meet that goal. Abe and Kuroda claim to be well on their way. After all, in March, consumer prices were up by 1.3 percent from the year before. Unfortunately, most of that increase stems from a 25 percent drop in the value of the Japanese access yen, which raised access prices access on imports of everything from electronic gadgets to food to raw materials such as oil, as well as on products access made from those imports. The devaluation effectively transfers income from Japanese consumers and firms to foreign oil sheiks, farmers, and manufacturers. Besides, since the yen has more or less stabilized, the inflationary effect of the
...the massively paperless post overvalued paperless post Swiss franc first threatened demand for Swiss exports and Switzerland is, of course, not in a position to stimulate the entire world economy. In this particular case, it was inappropriate to resort to fiscal policy. It was therefore up to the SNB to take action. It implemented measures paperless post aimed at a substantial and sustained paperless post weakening of the Swiss franc. After provoking an exceptional increase in liquidity in August, on 6 September 2011 the SNB announced that it would no longer tolerate a EUR / CHF exchange rate below CHF 1.20. This measure remains the focal point of Swiss monetary policy. In the current global context, paperless post Switzerland paperless post s economic situation does not justify any strengthening of monetary conditions and this should remain the case for the foreseeable future. The SNB continues paperless post to enforce this minimum rate with the utmost paperless post determination and remains prepared to buy foreign currency in unlimited quantities for this purpose. From a conceptual perspective, the minimum exchange rate is not a quantitative easing measure and most of my generic comments do not strictly apply to the Swiss case. Nevertheless, the risks associated with this measure do, to a certain extent, resemble those I just described. The first of these risks is that the minimum paperless post exchange rate may superficially seem like a simple or straight-forward measure, which may in turn give the impression that monetary policy is a catch-all problem-solver, i.e. that it is almighty. This is clearly not the case. Monetary policy has neither the capacity nor the mandate paperless post to protect the Swiss economy from all the shocks to which it is subjected. The aim of the minimum exchange rate is to avert the worst possible developments in zero interest rate environment. It is not a response to each and every challenge paperless post with which the Swiss economy is faced, nor can it be implemented at any desired level, free of any risk. The SNB s mandate is still to ensure price stability. The minimum exchange rate has decreased paperless post the deflationary and recessionary risks associated with a massively overvalued currency. paperless post It is entirely in line with our mandate. 礭 ɾ 줿 ե ϡ ޤ Фؤμ פ ޤ ʤ 顢 к Ф ɷ Ω ˤϤ ޤ ü ʥ ˤ Ƥϡ ʵ Τ Ŭ ڤǤϤ ޤ äơ Ω ư ȯ ΤǤ Ʊ Ԥϡ ե 礭 Ū 뤳 Ȥ Ū Ȥ ʤ ޤ 8 ʤޤǤ ήư 䤷 塢 2011ǯ 9 6 Ω ϡ 桼 1.2 ե ڤ ե ǧ ʤ Ȥ ɽ ޤ ˡ ͻ ե ݥ Ǥ ޤ к ˤ к ξ դߤ ȡ ͻ ư ͳ ߤ ޤ ͽ 뾭 ˤ Ƥ Ǥ Ω ϡ ξ 졼 Ȥ η դ ʤä Ŭ Τ Ѱդ ޤ ǰŪ ä ޤ ȡ ؤξ 졼 Ū ǤϤ ޤ ͻ ؤ ҤΥ ȤΤ Ȥ ɤϡ ˤϤ λ ˤ ƤϤޤ ޤ ʤ 顢 ˡ Ż ꥹ ϡ 䤬 ꥹ Ȥ ٻ Ƥ ޤ ꥹ Τ Τϡ ؤξ ϡ ɽ Ū ˤ ñ ʤ ľ Ū ʼ ʤ 뤫 Τ줺 Τ ᡢ ͻ Ϥ Ƥ б Ǥ 롢 ǽ Ǥ 롢 Ȥ ݤ 뤳 ȤˤĤʤ äƤ ޤ Τ ʤ Ȥ ȤǤ ǧ ޤ ͻ к 뤳 ȤϤǤ ޤ 줬 Ǥ ޤ ؤξ Ū ϡ Ķ ǵ ǰ Ÿ 뤳 Ȥˤ ޤ к ľ 뤢 Ȥ б ΤǤϤ ޤ ޤ ꥹ ʥ Ǥ ΤǤ ޤ 25 http://b.hatena.ne.jp/hotentry/economics paperless post 25 http://t.co/4dtxq128 18 http://t.co/qZ87XC1d 6 http://reader.livedoor.com/reader/ 6 http://t.co/V5U6bzBJ 5 http://b.hatena.ne.jp/entry/d.hatena.ne.jp/himaginary/20120615/monetary_policy_is_not_almighty 5 http://labs.ceek.jp/hbnews/ 5 http://t.co/GAshvg3s 5 http://www.google.com/reader/view/ 4 http://d.hatena.ne.jp/ [ к ] ΰ ˡ ζ [ к ] ͻ ? FRB ȿ Τ ä Τ [ к ] άå ǡ ˤ ƥʥ ϲ ζ [ к ] VAR Ѥʻ [ к ] ꥢ ӥ ȹ [ ʳ ][ к ][ Ҳ ] ʳ Ū ʻ ͼ ȵ ǽ ʤ ʳ Ū ʻ ͼ [ к ]FRB Ƥ 1923ǯ θ [ к ] кѤˤ ͻ º Ū ԲȤΤ Ω ij [ к ] Զ [ к ] кѳػˤˤ ? 2014-12-20 ɤ Ϥ 2014-12-13 2014-11-22 oumu79358 2014-07-27 shavetail1 2011-04-10 shavetail1 2014-10-27 ܡ 2014-09-24 himaginary 2014-09-24 keizaikaisekiroom 2014-10-14 anoma 2014-10-13 anoma 2014-09-30 himaginary 2014-09-30 maeda_a 2014-09-23 himaginary 2014-09-23 perfectspell 2014-09-23 himaginary 2014-12-23 maukiti - 2014-12-23 ookitasaburou - ǯ ʸ ˮ Ƥ ΤǤ 2010-12-29 ȥ 2/3? 굡 ȤȤ Ƥμ 2014-08-02 5/5? Ѿ Ϥʤ 2011-04-09 ư Υ Υ ɤ - ʵ ȳʺ ȡ ܤ ü פˤ ... Į The Curious Capitalist - Commentary paperless post on the economy, the markets, and business -
http://mobile.nytimes.com/blogs/opinionator/2013/06/09/japan-is-a-model-not-a-cautionary-tale/?from=opinion Nobel Prize in Economics winner Abenomics anthem of Stiglitz. This only of long column among the New York Times of OPED column is not quite. Stiglitz is praised Japan using its entirety, an American teacher, I was surprised that you are fully called. Equality of income, long life expectancy, low unemployment rate, investment in children's education and health, high productivity as compared to the workforce. To those of the advantages that were from the original, bold monetary easing and fiscal stimulus is combine, annualized GDP reached 4%, I'm trying to de-a global recession. Japan is no good because greek subs there are two times of public greek subs debt of GDP? Stupid politicians of the United States to claim that debt is to inhibit the growth wake up. Debt not inhibit growth. I deceleration of growth is increasing the debt. Bold monetary easing, great in the sense that aims to growth and equality greek subs together. One of the few drawbacks of Japan, but much acceptance of the immigration and social advancement of women. Abenomics, even as were only able to achieve half of outcomes that are aimed at, well It's a model of the United States ... and is such a claim. You also feel too praised a little, greek subs Japan is "do not progressing and women of social advancement, do not immigrants are also accepted, anyway useless and economy also has been sluggish" If think that has continued been said, somewhat of misunderstanding overestimate There is Gatashi. Social advancement and story of immigrant women, I have completely different impression in the way says. You can point out one of the few drawbacks, whether greek subs viewed as a symbol of bad of acceleration of Japan. Former pointed out Stiglitz is strangely fresh. Nau | guru whiff | peta ------------ Consider that of consulting Diary (1114) parent stupid diary (325) economics (167) local walk (mainly Iwatsuki around Castle) (37) Ota Sukemasa (Sanraku Hitoshi) greek subs (107) things of life (61) Karate Diary (dojo training) (277) karate Diary (voluntary training greek subs & awareness) (760) stick fighting training for Karate (106) type of decomposition and physical operations research (video and from books) (355) Furukon karate kumite research (from video and books) (108) birth watch Diary (36) diet, body building diary (69) violin diary (63) Reading greek subs Diary (164) Travel (65) history / History Modern (126) Furukon think about the martial arts of karate (39) Given the history of karate (23) movie Diary (19) English training diary (284) rice Diary (60) from a mobile phone (before elaboration) ( 1533) Other (180) Greetings (14) December 2014 (32) November 2014 (53) October 2014 (74) September 2014 (57) August 2014 (28) July 2014 (35) June 2014 (55) 2014 May the year (47) April 2014 (31) March 2014 (38) February 2014 (42) January 2014 (24) December 2013 (43) November 2013 (47) 2013 October (54) September greek subs 2013 (49) August 2013 (48) July 2013 (58) June 2013 (69) May 2013 (41) April 2013 (58) 2013 03 month (88) February 2013 (110) January 2013 (90) December 2012 (54) November 2012 (78) October 2012 (78) September 2012 (85) August 2012 (64) July 2012 (58) June 2012 (129) May 2012 (65) April 2012 (69) March 2012 (68) February 2012 (48) January 2012 ( 85) December greek subs 2011 (69) November 2011 (79) October 2011 (76) September 2011 (69) August 2011 (90) July 2011 (95) June 2011 (50 ) May 2011 (44) April 2011 (51) March 2011 (40) February 2011 (72) January 2011 (65) December 2010 (50) November 2010 (51) October 2010 (69) September 2010 (47) August 2010 (61) July 2010 (67) June 2010 (78) May 2010 (85) April 2010 (90) 2010 March year (71) February 2010 (86) January 2010 (81) December 2009 (83) November 2009 (85) October 2009 (85) September 2009 (55) 2009 August (78) July 2009 (81) June 2009 (72) May 2009 (67) April 2009 (92) March 2009 (77) February 2009 (50) 2009 01 month (43) December 2008 (46) November 2008 (36) October 2008 (36) September 2008 (41) August 2008 (41) July 2008 (49) June 2008 (34) May 2008 (34) April 2008 (37) March 2008 (29) February 2008 (30) January 2008 (26) December 2007 (11) November 2007 ( 22) October 2007 (21) September 2007 (31) August 2007 (19) July 2007 (36) June 2007 (41) May 2007 (49) April 2007 (68 ) March 2007 (76) February 2007 (48) January 2007 (31) December 2006 (29) November 2006 (19) October 2006 (24) September 2006 (20) August 2006 (33) July (39) June 2006 (34) May 2006 (50) April 2006 (35) March 2006 (23) February 2006 2006 (40) 2006 January year (61) December 2005 (41) November 2005 (37) October 2005 (45) September 2005 (14) To Ranking Top
[Of The Economist - This is the "Greek banks Playing against type" of the translation. ] Bank is the view that it is the bad guys, have even accepted in the United States in Europe. In this regard, language it is not only this, Greece's odd one out. When speaking with people of Greek banks, it can not help but remember the compassion. Greek banks, have been doing also very well the midst of the financial crisis of 2007-2008. Country of relief without having to rely on (if there is such a thing, but the story), language and had shed money in the opposite direction. In other words, that the bank buys government bonds, was the most reliable source of income for the Greek government. According to some bank officials, it is like the purchase of government bonds are now forced, "If you do not buy the government bonds, language it'll raise the deposit of public language enterprises" The government is so is threatened. Whatever language the trigger, because of the default risk of government bonds, the balance sheet of banks are more likely to burst into flames. language For PSI (finding the cooperation language of the private sector for measures of financial crisis), Greece is part of the burden for not collapse language you are also required to private language creditors, already bank write-downs to have. But, the risk of further restructuring is growing still. Financial resources, a big problem related. Deposits are flowing to the outside of the financial system. Credit Suisse, the deposit amount of the private sector is estimated to decrease by 10% from January to July, and. People pull out the deposit, I'm scared to risk of bankruptcy. Some bankers, for the efforts of banks that people are persuaded not to wardrobe deposit pull the deposit, says "We'm a psychotherapist of depositors". ECB (European Central Bank) is should language not bankrupt the bank, at the same time, periodically re-evaluate the collateral that banks held out, you are squeezing the oxygen supply (supply of funds to the bank). Collateral value is continued to fall, in a situation language where lending period language is shorter, the bank will not want to turn on the lending of medium-term money. However, although he required for it is what the economy is growing. Therefore, the economy stagnated, bad debt problem continues to grow. Familiar language dispatched the team from Blackrock Solutions has been charged in relation to inspection of lending language books of banks. Bank will further require capital during the year. [Yakuchu: well I do not know ...] bankers themselves, default (constant of more than write-downs by PSI) Greek do not want. Once that happens, their capital would naturally gone. The Board of Directors also, that it is in a state of default crisis, language says it best way to advance the further reform in Greece. Alarming moral hazard, rather than that debt of the private sector becomes lighter, language thing Greece government would stop the reform, the term banker language says. Even as their wishes language come true, the future of the bank would those still cramped. Two banks (Eurobank and Alpha) were merged for expansion and cost cut of assets. Foreign assets are Kaitataka. Business sector, has set a goal of boring gain provision of only compensate the loss. It's enough to invite sympathy. 2014 (5) 9 月 (2) 6 月 (1) 1 月 (2) 2013 (1) 月 4 (1) 2012 (12) 11 月 (1) 7 月 (1 ) 6 月 (1) 5 月 (1) March (3) 2 月 (2) 1 月 (3) 2011 (13) 12 月 (1) 11 月 (2) 10 month (4) 9 月 (2) and the stereo type function to see the intermediate form of true reverse of Greek bank Haskell examine whether tail recursion 6 月 (1) 5 月 (2) March ( 1) 2010 (9) 8 月 (1) 5 月 (1) March (5) 2 月 (2) 2009 (17) 12 月 (3) 11 月 (11) 10 month (3)
ȥ Ǽ 夲 ꥹ ǥ ? ιͻ ϡ ݥ륤 Ρ ե β ñ 㲽 줿 Simplistic theories of inflation ˡפȤ ȥ ä Ÿ Ƥ Ʊ ݥ륤 Υ ȥ 롼 ޥ Υ ȥ ˮ ˤǤιͻ Τ ä ˤ Ƥ 롣 The Fiscal Theory of the Price Level is potentially another simplistic theory of inflation. This works from the identity phonegap that the real value of government debt must equal the discounted value of primary surpluses (taxes less government spending). It also can be used in a naive way: treat future primary surpluses as fixed, and any increase in nominal phonegap government debt must lead to higher prices. But, as Chris Sims explains in this nice exposition at Lindau, future primary surpluses are not fixed. If debt increases, future primary surpluses can increase to pay the interest on that additional debt, and more. There may be some that say that we cannot trust politicians to do that. To which I say which planet have you been on for the last five years? As Brad DeLong reminds us for the US, this recession has been unusual in the zeal that governments have shown in rapidly reducing primary deficits, and of course in the Eurozone this zeal - embodied in the fiscal compact phonegap - has led to a second recession. Chris Sims raised the possibility that so great has this zeal been that even though nominal debt has risen, the price level might fall to make the identity hold. One lesson I would draw from this is that the Fiscal phonegap Theory of the Price Level, like monetarism, is not a terribly helpful way of thinking about future inflation. The idea that we can take one variable, or one equation, and distil from that the future price level is a fantasy. What is surprising is that this fantasy has been, and still remains, so attractive for some economists. ʪ κ ϡ Ĥ ե β ñ 㲽 줿 Ȥʤ 롣 Ư ϡ μ ϴ Ū Ǽ ٽ Ρˤγ ʤ ʤ ƤϤʤ ʤ Ȥ 餭 Ƥ 롣 ñ ʷ Ѥ 뤳 Ȥ Ǥ 롣 δ Ū ȸ С Τ ʤ ä ɬ ʪ 徺 ˤĤʤ 롣 ꥹ ॺ Υ Ǹ 褦 ˡ δ Ū ϸ ꤵ ƤϤ ʤ *1 ä 硢 ɲ Ū Ҥ Ť ʾ Ū 뤳 Ȥ 롣 ȤϿ ʤ Ȥ Ԥ 뤫 ʤ Ф ϡ 5ǯ ˤ ʤ Ϥɤ ˤ Τ ȿҤ åɡ ǥ ƹ ˤĤ Ʋ桹 褦 *2 Ū 뤳 Ȥ Ǯ Ȥ ǡ ʵ ǤϤʤ ä Ƹ ޤǤ ʤ 桼 Ǥϡ Ȥ Ƕ 줿 ξ Ǯ ϡ ʵ 餷 ꥹ ॺ ϡ ξ Ǯ 뤢 ޤꡢ ä Ƥ ʪ ब ǽ η狼 䤬 Ф ΰ Ĥϡ ʪ κ ϡ ޥ ꥺ Ʊ ե Ǥ Ω Ĥ ΤǤϤʤ Ȥ ȤǤ 롣 Ĥ ѿ ʤ Ĥ Ф ơ 龭 ʪ Ƴ Ф 뤳 Ȥ Ǥ 롢 Ȥ Τϥե ʤ ä ϡ Υե кѳؼ 礤 դ ȡ Ӹ ߤ դ Ƥ 뤳 ȤǤ 롣 17 http://t.co/0b3OjO7GNB 11 http://feedly.com/index.html 10 http://t.co/GTA01J5AyX 5 http://www.google.co.uk/url?sa=t&source=web&cd=1 4 http://ask.fm/uncorrelated/answer/117581968701 4 http://t.co/NBTEC2v6y6 3 http://b.hatena.ne.jp/entry/d.hatena.ne.jp/himaginary/20140920/simplistic_theories_of_inflation 3 http://feedly.com/ phonegap 3 http://t.co/0MLw0BAKfO 3 https://www.google.co.jp/ [ к ] ꥢ ӥ ȹ [ ʳ ][ к ][ Ҳ ] ʳ Ū ʻ ͼ ȵ ǽ ʤ ʳ Ū ʻ ͼ [ к ]FRB Ƥ 1923ǯ θ [ к ] кѤˤ ͻ º Ū ԲȤΤ Ω ij [ к ] Զ [ к ] кѳػˤˤ ? [ к ] Ԥȥ [ к ] ƹ κ ܤξ Ǥΰ㤤 [ к ] ܤ ΰ㤤 21 [ к ][ Ҳ ] Ʊ ߤ ҳ Ӥ 夲 2014-12-20 ɤ Ϥ 2014-12-13 2014-11-22 oumu79358 2014-07-27 shavetail1 2011-04-10 shavetail1 2014-10-27 ܡ 2014-09-24 himaginary 2014-09-24 keizaikaisekiroom 2014-10-14 anoma 2014-10-13 anoma 2014-09-30 himaginary 2014-09-30 maeda_a 2014-09-23 himaginary 2014-09-23 perfectspell 2014-09-23 himaginary 2010-12-29 phonegap ȥ 2/3? 굡 ȤȤ Ƥμ 2014-08-02 5/5? Ѿ Ϥʤ 2011-04-09 ư Υ Υ ɤ - ʵ ȳʺ ȡ ܤ ü פˤ ... 2013-04-01 ?7 ǯ? ƱѤ ƴ Ƥ 2014-11-09 phonegap Ϲ DT01ACA300 Ǥ John Quiggin 塼 μҲ ʳ Ū Think outside the box Moneybox Free exchange: our economics blog | The Economist Noahpinion phonegap mainly macro The Longing Rock The Grumpy Economist Mostly Economics ƥ ߤ ? ߤ ? naked capitalism Grasping Reality with Both Hands: The Semi-Daily Journal of Economist Brad DeLong Worthwhile Canadian Initiative The Curious Capitalist - Commentary on the economy, the markets, and business - TIME.com FT Alphaville phonegap Economist s View Marginal Revolution The Baseline Scenario ǥ ʸ ʶ Ȥ ơˤޤȤ 褦 Ƥ 롢 Ȥ Τϡ Ʊ Ʊ ؽѻ ˤ ʤ ơ ޤ ʸ Ƥ 롢 Ȥ ȤǤ 礦 Ȥ ƣ Ω 줫 ǥ ե Ƥߤ Ȥ
Ծ ޥ ꥹ ȥ ݥ륤 Ρ פΥǥ ˤ ޤȤ Ҳ ȤǤ ȥ ǥ Ƥ Ǥ Nick Rowe ݥ륤 ? Ҳ Ƥ ꡢ ȥ Υ ȥ ϡ Simon Wren -Lewis and Nick Rowe Annoy Each Other ʥ ݥ륤 Nick Rowe Ϥ ߤ Ƥ ˡפ ꤵ Ƥ *1 "The aat neomonetarist movement aat starts from an acknowledgement of reality: shortfalls of aggregate demand do happen, and they do matter, and we need an answer . Like the original aat monetarists, however, they reject any government role in the form of discretionary fiscal policy. Instead, they argue that the Fed and its counterparts can do the job all on their own if they really want to." What I call a "neofiscalist" is exactly the same as what Paul calls a "neomonetarist", except at the Zero Lower Bound. aat When the central bank hits the ZLB, neofiscalists throw up their hands in despair, and call for fiscal policy to manage aggregate demand. ޥ ꥹ α ư ϡ פ ϳΤ ȯ ΤǤ ꡢ Ǥ ꡢ 桹 б ɬ פȤ Ƥ 롢 Ȥ ǧ ü ȯ Ƥ 롣 ʤ 顢 ޥ ꥹ Ʊ Ϻ Ū ʺ Ȥ Ǥ ꤷ Ƥ 롣 ϡ FRB ƹ 䤬 ε ˤʤꤵ д Ϥ Ǥ ԤǤ 롢 ȼ ĥ Ƥ 롣 Neomonetarism is a radical position. aat We want to get to the root of the problem of insufficient aggregate demand. We see aggregate demand as a monetary phenomenon, that only makes sense conceptually aat in a monetary exchange economy. And we see insufficient aggregate demand (just like an inflationary surfeit of aggregate demand) as due to an underlying failure of monetary institutions. We don't like fiscal patches that cover up that underlying problem. Because fiscal policy has other objectives and you can't always kill two birds with the same fiscal stone. Because we can't always rely on fiscal policymakers being able and willing to do the right thing. And because if your car has alternator trouble you fix the alternator; you don't just keep on doing bodge-jobs like replacing the battery every 100kms. And because if monetary policymakers do want to target too low a level of aggregate demand, then fiscal policy won't work, because the monetary policymakers will simply offset it . ޥ ꥺ Ū Ω 롣 桹 ˤĤ κ 줿 桹 פ ͻ Ū ȹ Ƥ ꡢ ʾ к ˤ ƤΤ ǰ Ȥ ư ʤ ȹ Ƥ 롣 Ʋ桹 ϡ ϡ ե Ū פβ Ʊ ˡ ͻ μ Ԥ Ū ȹ Ƥ 롣 κ Ū θ ɤ ѥå Ȥ Ϥʤ ˤ Ӥ ꡢƱ ФǾ Ļ Ȥʤ Ȥϸ ʤ ˡ ɼԤ Ȥ ԤǤ ġ Ǥ ƤˤϤǤ ʤ ޤ ư ǥ 륿 饪 륿 ΤǤ ꡢ Хåƥ 100 ? Ȥ Ȥ ä ο к 뤳 ȤϤ ʤ ? ˡ ͻ ɼԤ ޤ ˤ 㤤 פο ɸ Ȥ Ƥ ʤ С ϸ ʤ ? Ȥʤ С ͻ ɼԤ ñ ˤ 껦 Ƥ ޤ I ll come back to the car analogy, but let me focus on the patches idea for now. In their view, the proper way to do stabilisation policy outside a fixed exchange rate regime is, without qualification, to use monetary policy. So the first best policy is to try every monetary means possible, which may in fact turn out to be quite easy if only policymakers adopt the right rule. Fiscal policy is a second best bodge. MM just hates bodgers. As I explained in this post, the situation is not symmetric. I do not get annoyed aat with MM because I think monetary policy is a bodge. I have spent much time discussing what monetary policy can do at the ZLB, and I have written favourably about nominal GDP targets. But, speaking for just myself, I do get annoyed by at least some advocates of MM. To understand why I do get annoyed with MM, let me use another car analogy. We are going downhill, and the brakes do not seem to be working properly. I m sitting in the backseat with a representative aat of MM. I suggest to the driver that they should keep trying the brake pedal, but they should aat also put the handbrake on. The person sitting next to me says That is a terrible idea . The brake pedal should work. Maybe try pressing it in a different aat way. But do not put on the handbrake. The smell of burning rubber will be terrible. The brake pedal should work, that is what it is designed for, and to do anything else just lets the car manufacturer off the hook. Have you tried pressing on the accelerator after trying the brake? OK, that last one is unfair, but you get my point. When you have a macroeconomic disaster, with policymakers who are confused, conflicted and unreliable, you do not obsess over the optimal way of getting out of the disaster. There will be a time and place for that later. Instead you try and convince all the actors involved to do things that will avoid disaster. If both monetary and fiscal policymakers are doing the wrong thing given each other s actions, and your influence on either will be minimal, you encourage both to change their ways. MM agrees that fiscal stimulus will work unless i
I would distinguish between conventional monetary policy which sets the interest rate and this kind of financial intervention of buying profitclicking what appear to be undervalued private securities. Issuing what appear profitclicking to be overvalued public securities and trading them for undervalued private securities, at least under some conditions and some models, is the right thing to do. In my mind, it doesn t make a big difference whether it s done by the Federal Reserve, the Treasury or some other federal agency. ꤹ Ū ͻ ȡ ᾮɾ Ƥ ꤵ ڷ 뤳 ͻ ϡ Ȼפ ޤ ɾ Ƥ ꤵ Ū ڷ ȯ Ԥ ᾮɾ Ƥ ڷ ȸ 뤳 Ȥϡ ʤ Ȥ ξ ȥ ǥ β Ǥϡ ޤ ˤȤäƤϡ 줬 FRB ˤ äƤʤ 褦 ʤ Ϣˮ ؤˤ äƤʤ 褦 礷 㤤 Ϥ ޤ *1 и ά there are two branches to the exit strategy: There s paying interest on reserves, and there s reducing profitclicking reserves back to more normal levels. They re both completely safe, so it s a nonissue. The Fed itself is just not a danger. It is run by people who know exactly what to do. And we have 100 percent confidence they will do it. It s not something I worry about. и ά ˤ 2 Ĥμ ʤ ޤ ؤ ȡ ޤǸ 餹 ȤǤ ɤ μ ʤⴰ ʤ ΤǤ ꡢ ˤʤ뤳 ȤϤ ޤ FRB Τ ? ΤǤ FRB Ψ Ƥ ϲ ʤ Ƥ ޤ 桹 Ϥ 줬 ʤ 뤳 ȤˤĤ 100% ο Ƥ ޤ Ϥ ˤĤ ƤϿ Ƥ ޤ ͻ ˤĤ even though the Fed has driven the interest rate that it controls to zero, it hasn t had that much effect on reducing borrowing costs to individuals and businesses. The result is it hasn t transmitted the stimulus to where stimulus is needed, namely, private profitclicking spending. I mainly look at, as kind of a thought experiment, how much of a decline in activity occurs when that kind of a friction develops. When private borrowing rates rise and public borrowing rates fall, the difference between them is the amount of friction . I show that that s a potent source of trouble. I haven t tried to align it with history prior to the current crisis. That s an interesting question, but data on historical events aren t always so easy, so that lies ahead. Most of the undervalued assets that the Fed has bought have been mortgage related. It s been kind of an obsession with trying to solve these problems as they arise in home building, but home building is only part of the story. The collapse in other types of investment spending has been equally large. There would be a case for expanding that type of policy to other seemingly undervalued instruments. That would presumably result in the same pattern you ve seen in mortgages. That policy has been successful—differentially successful in depressing mortgage rates as opposed to bond rates or other areas. ϡ ͼ Ȥ ơ к ư ɤ 뤫 Ƥƹ Ƥߤޤ μڤ 徺 Ū μڤ 㲼 硢 κ Ȥ Ȥˤʤ ޤ Ϥ 줬 ˤʤ 뤳 Ȥ ޤ ʬ Ϥ Ԥδ? ˤ ƤϤ Ƥߤ Ȥ ȤϤޤ äƤ ޤ ơ ޤǤ Υǡ ɬ ưפǤʤ Ȥ ͽ ޤ FRB ᾮɾ 줿 ϡ ʬ Ϣ Ǥ κ ˤ ä Ȥ ǰ ˤ ꤽ Τä 櫓 Ǥ ºݤˤϽ ΰ ä ޤ ٽ Ʊ 餤 礭 ʤ ΤǤ ᾮɾ 줿 Ȼפ ˤޤ 㤤 礹 뤳 Ȥϡ 줿 Ȼפ ޤ It s a danger whenever profitclicking you have guaranteed financial institutions that have gotten into a very low capital situation. They ve suffered asset value declines, they ve become extremely leveraged and they have this very asymmetric payoff to the owner: If they go under, it s the government s problem; if they recover, it s the owner s benefit. That asymmetry, which is the so-called moral hazard problem, is just a huge issue. And yet, while we have a lot of institutions profitclicking in that setting today, we don t see many of them doing things that Akerlof and Romer described, such as paying themselves very large dividends. It s been difficult to get them to cut the dividends, but they have not paid out very large dividends or concealed dividends. profitclicking So it looks like we ve been somewhat successful in preventing profitclicking the worst kind of stealing, but the asymmetry is still potentially profitclicking a big issue . There are way too many bank failures that should not have occurred and especially should not have cost the taxpayers as much as they did. ݾڤ ͻ ʻ 㲼 ȡ ʤ餺 ʡ ʤɤˤ ʻ ή ФȤ ? ޤ ʤ 㲼 αƶ Ψ ü ޤꡢ Ф о Ū ڥ ȯ ޤ ͻ ܤˤʤ С Ȥʤ ޤ ľ С פˤʤ ޤ о ϡ ϥ ȸƤФ Ƥ ޤ Ǥ Ȥϸ 줿 ͻ Ͽ ޤ ʬ Ȥ ʧ Ȥ ä ? S&P ˤĤ ơ Ϥ ϸ
Paul Krugman inches to cm "I not solve me distraught to budget deficit" - Economics 101 Paul Krugman "Panicking Over Deficits Is Not a Solution," Krugman & Co., August 8, 2014. ["Quadrillions inches to cm and Quadrillions," The Conscience of a Liberal, August 2, 2014.] should not be to solve me distraught to budget deficit The other day, Larry Kotorikofu to "New York Times" inches to cm was writing a column of "U~ee deficit Kowai". I'm sure, I'm Dean Baker of the Economic Policy Institute (Center for Economic and Policy Research) had thought I'd me which was refuted, for now, it is not depressing enough in a blog post that he has written. inches to cm In "America hidden credit card bill" entitled column, Kotorikofu Mr. I have to calculate the current discounted value of lack of funds, which is expected to occur in the various programs of the federal government. According inches to cm to his pointed inches to cm out, this number is a really really huge so, he has been sentenced to the United States of bankruptcy. That mean is, as expenditure and revenue of difference amounting to 1% of the gross domestic product [deficit] was followed by much, if convert it to a present value, become huge number. However, the present value of the future of the GDP, which is also expected still become absurdly huge number inches to cm - at least, it's gonna be in the 2,000 trillion dollars. Well, wonder if the difference of this expenditure and revenue, inches to cm compared with the resources [GDP] can be used to cope with this, would that mean big? Christophe said, does not mention Nan'nimo a way to determine. Answer eat all together people who are confusion Even very in financial collapse is that the short "shalt be reduced in the future of welfare". But Is the, I'm want to let the place accurate, it's why so that it must not be not now? If you're in the clear words the logic is assumed here, apparently anti-will likely - ". In order to avoid a reduction future of welfare, is not to reduce the future of welfare alongside" In the past many times "more and I was been questions inches to cm as'll "try to say the clarity, there is no trial that I had my answer even once. Select a category category IMF (2) Paul Krugman inches to cm (153) News (3) Uncategorized (1) Special Features (3) Top1% controversy (3) introductory article (6) Translation article (488) Alex Tabarrok (61) Ben Bernanke ( 5) Christina Romer (1) Evan Soltas (1) FRB (5) James Hamilton (13) John Cochrane (5) Lars Christensen (26) Mark Thoma (6) Menzie Chinn (7) Michael Smitka (1) Nick Rowe (12 ) Noah Smith (18) Peterson Institute (2) Joseph Gagnon (2) Scott Sumner (23) Tim Duy (4) Tyler Cowen (109) VoxEU.org (60) World Bank (12) Latest articles Paul Krugman "premature rate hike could lead to catastrophic" December 20, 2014 Paolo Manasse inches to cm "economics of economics blog" December 20, 2014 Tyler Cowen, "" inches to cm of public goods I specific blog as an example of supply, "" I'll December 17, 2014 Krugman column unsubscribe Notice December 16, 2014 Paul Krugman, "America of employment should not be compromised to hear the news me strong" 2014 December 14 Notice of recent popular post Krugman column unsubscribe Paul Krugman: What "oil price plunge of influence" inches to cm Paul Krugman "suffer Japan path should take" Paul Krugman, "is America's employment inches to cm favorable to the compromise to hear the news Dont by "Paul Krugman" inches to cm premature rate hike could lead to catastrophic "Paul Krugman" tide I change while there, not too late? "Paul Krugman," inches to cm All right you'll Papa also lead to austerity the stomach chromatography (dullsville personal story) "Tyler Cowen'm no good to have a blog" as an example of Paolo Manasse "economics of economics blog" Paul Krugman "Anyway now tax increase," "private supply of public goods", Japan's " inches to cm "Why is physicists are attracted to economics?" Last Post "overlooked the first World War tend heritage - rebuilding the gold standard and Hitler's rise ..." by David Beckworth of loitering so far by Chris House "Abenomics ? of results and how to read ~ House Man & Wieland paper ~ "by David Beckworth" look back on the achievements of the past year of Abenomics "by Marcus Nunes William Easterly" inches to cm aid discussion of demise - Jeffrey Sachs failure of the Millennium inches to cm Village by - "
NEW RELEASES Reviews, Interviews and Playlists Top 15 Books for 2013 Meet Our Sister Blog Flirty taxisnet and Dirty For Authors Flirty Subs PR Services Review Submission Meet the Girls Blog Bio Send us a Shout! Adam taxisnet Roth and Lily Adler have survived nutty neighbors, cow pajamas, mobsters and “the diaper incident.” They have learned to live, love, and work together in harmony. Most of the time. Now with the promise of marital bliss on the horizon, they will need to tackle even bigger challenges, like Lily’s anxiety-fueled libido, taxisnet Adam’s increasing exhaustion, three crazy criminals, taxisnet two Jewish mothers and an eccentric wedding planner named Mr. Jonathan. Will everyone make it to the wedding alive? Find out in Legally Wed. Coming June 23rd. We know Adam Roth and Lily Adler from their previous exploits in the Lawyers in Love Series. After years and years (since pre-school) of fussing and fighting, they have finally realized that genuine affection was behind their animosity and have fallen hopelessly and hilariously in love. Lucky us, we get the bird s eye view of the path to their wedding. I ve been lucky enough to be able to read Legally Wed as the author, N. M. Silber was writing it. Her love for these characters really shone through in this process. This series is a lot fun to read and the care that Ms. Silber takes in ensuring that the readers experience is a positive one, is really quite heartening. Legally Wed is a joy to read. It s super-sexy, uproariously funny and at its very heart, a sweet and wonderful love story. N. M. Silber has captured Adam and Lily s story and worked hard to stay true to it. These two characters are very genuine, and as the reader goes on their wedding journey, they feel all of the emotions right along with the future Mr. and Mrs. Adam Roth. I love a wedding story and am richly rewarded in this book. Adam and Lily s ceremony is my very favorite element of this book. For those of us who have never attended a Jewish wedding ceremony, we get a very poignant description from our author. The reader gets greater understanding of the traditions and culture, as well as the religious significance of each facet of the ceremony. It s in this that the readers can truly feel the love and devotion of these two characters. In high school, N.M. Silber was voted most likely to go to jail. Coincidentally, taxisnet she went on to become a criminal defense attorney, and from there, it was an easy transition to smut peddler. Now, in addition to being the author of bestselling sexy Romantic Comedies, she’s taxisnet the owner of her own publishing company, a proud Jewish mother, taxisnet and an intellectual badass. You can find her on Facebook at https://www.facebook.com/NMSilber unless she owes you money, in which case, I don’t where she is. PUBLIC SERVICE ANNOUNCEMENT So that everyone knows up front what I write, I have prepared … N.M. Silber’s Writing Manifesto: 1) My characters don’t cheat. 2) My characters treat people with dignity. 3) My male characters do not refer to women as “whores,” “sluts,” or “bitches.” 4) My female characters are strong, intelligent and unwilling to be involved with men who act like they are A) fifteen B) emotionally disturbed C) asshats. 5) My couples communicate rather than react. 6) My couples have fun, healthy, hot, and sexy sex. Nobody gets hurt – physically or emotionally. 7) My goal is to make you laugh, swoon, blush and hide in the bathroom to read. My goal is NOT to make you to go through a box of tissues or throw your Kindle. 8) There will be no amnesia, secret babies, taxisnet dead parents, break ups over misunderstandings, book covers with Fabio on them or use of the words “throbbing manhood.” taxisnet 9) Despite all of the above ^^ I will still provide PLENTY of conflict and tension and sizzling chemistry between my characters. THIS IS MY PLEDGE TO YOU DEAR READERS – because that’s how I roll. Thus, ends our public announcement. You may now resume with your regularly scheduled taxisnet programming. Previous Post After Dark Blog Tour Stop – Nina Reviews the Erotic Dark and the Erotic Light by Nina Lane Next Post New Release — Rusty Nailed (#2 in The Cocktail Series) from Alice Clayton Pingback: prada fairy bag Pingback: beats by dre cheap Pingback: marc jacobs bags Pingback: tods outlet Pingback: uggs clearance Pingback: camiseta españa 2014 Pingback: prada purses Pingback: timberland uk Pingback: cnmedia.fr/?p=163 Pingback: louboutins france Pingback: genuine uggs Pingback: isabel marant sneakers Pingback: maillot Costa pas cher Pingback: uggs outlet taxisnet store Pingback: ugg sale outlet Pingback: jordan 336 Pingback: north face jackets Pingback: cheap ray ban Pingback: taxisnet ray ban lunette de soleil Pingback: genuine ugg boots Pingback: ugg france
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Great looking, refreshing and easy to prepare. Such short I would characterize this dessert. I like the sour taste of orange layer in conjunction with a delicious cream made of mascarpone. Gently sour taste takes slightly sweetened mascarponovo-Šlahačková layer. Compared with the original recipe I made a change in the White layer. Originally it should be, only the net Šlahačková layer, but my fridge offers only one Šlahačková cream, so I replaced this kind of mascarpone english to spanish translation and one creme fraiche. I think it was evil change. So how? I lure you too for trying these cuts? Here you go, here's the recipe ...... Ingredients: 4 eggs 250 g caster sugar 1 vanilla sugar 125 ml milk 125 ml oil 300 g flour 1 baking powder salt stpka l000 ml orange juice (for me: 600 ml orange juice and 1 POMARANCOVY Tang + 600 ml of water, of which 200 ml I used to namacnie wheezing *) 2 gold ears Šlahačková 500 ml cream (for me: 300 ml creme fraiche 250 ml Šlahačková cream 250g mascarpone) 3 tbsp powdered sugar 1 1/2 bale long detskych squeak addition: * 200 ml juice 50 ml rum Juice (for soaking english to spanish translation wheezing) a little english to spanish translation melted chocolate sprinkled on whistle Procedure: egg yolks, powdered sugar and vanilla whipped. Add oil, milk and preslahame. english to spanish translation Add sifted flour mixed with baking powder. Finally, beat the egg whites with a pinch of salt leads to the snow, which gently mix into the yolk mixture. Piškóty Pour Plate landed baking paper and bake at 180 degrees C, about 20 minutes. english to spanish translation Check skewers. Leave to cool. Kym piškóty cold preparations can juice filling. Approximately 200 ml juice odlejeme into most cups and stir in nominal gold cobs. Slurried golden ears to pour some juice and stir uvarime dense pudding. Since I did not liter juice, so I combined 600 ml orange juice and I rozrobila 1 POMARANCOVY Tang (powdered drinks 1 liter of water) english to spanish translation with 600 ml of water and mixed it together I. Of this amount, I collected 200 ml juice for dipping piskot.Cukor I nepridavala, juice was sweet enough. Pudding in case of need to sweeten. Pudding get a little cool. Stir occasionally ,, to be appointed a goat. From the cooled wheezing we download the paper and bring it back to the plate. Pour the pudding is warm wheezing and align. english to spanish translation Leave to cool. Šlahačková cream whipped with powdered sugar and coat the pudding to cool. I blended creme fraiche (sour cream delicacy), mascarpone with icing sugar and finally mixed in beaten Šlahačková cream. Pali soak in the juice flavored rum slag. Stores the cream and gently press on. creme fraiche? Also slightly acid? Fun. Do I ever try! Reply Remove Reply Adriana Mila I see takove delicious desserts from you skoda not sahe for PC and dortik here is Teplicic stop here and you got cukrana here and there on the day dene .Hezky you healthy and I feel the dortik pa Karin Reply Remove Mila Karin, since you komentariky always english to spanish translation good to Teplice .... I do not know when to get, but once .... then maybe take me to of the best pastry shop and a dame in there together kavicku and the best dessert I have aky there :). ..posielam english to spanish translation greetings to Germany :) Delete Hi Adrika, came off the Ti beautiful cake. When I was three years ago he published on SK MMB or I thought I would give you such popularity, but it is hardly surprising really excellent. I'm here with you again seek your cake "twister" ?, but I find it. I need some really good tart, and I know it was really good. I will look further. I wish you all good Jenny56 Reply Remove Mila Jenny56 thank you for komentarik also for visiting the blog. Twister is set, the MMB, enclose a link http://www.mimibazar.sk/recept.php?id=22673&user=34442.......inak this cake is set Skele:) ... Have a better Remove Add comment Poppy-walnut cake (no flour) 2014 (60) December (4) October (4) October (4) March (9) March (2) March (10) May (4) April (9) March (3) February (6) Bielková roulade with raspberries cocoa peanut crackers Guacamole JO according to coffee muffins Quesadilla the Vienna cuts February (5) 2013 (90) December (2) June (5) October (10) October (6) April (7) April (4) March (4) May (12) April (11) March (11) February english to spanish translation (7) February (11) 2012 (91) December (11) October (4) October (8) October (9) August (4) April (8) March (8) May
Fitness Recipes - Recipes for fitness and bodybuilding, suitable for ... Apetit - blog that tastes Attention new competition - quickie recipe !!! Are you using more Remoska? What in it prepares about most? Please add your recipe prepared in a thermos bottles, etc. with photo Bolen sour from MySky - Fish salads and pickled herring. Zander mls - Fish salads and pickled herring. CEJN Sour - Fish salads and pickled herring. Fantastic Recipes, tips and tricks for cooking, ingredients, according to the season, video recipes and much more at online chutastyl.cz Recipes - Recipes cookbook ta online - Cookbook Recipes | Taste and styl.cz Recipes for salads Cod Recipe For Burek Sarma Rezept Rezept Für Apfelstrudel Let dine | Facebook Moja first dumpling - directly from the steam pot needed ingredients they have done like just a small dumpling - 2 pieces and it is necessary: 250 g polohrubej flour, a pinch of salt, 1 If you just got a craving for pancakes with spinach, you've come to the right site. Today we introduce a fast recipe for pancakes with spinach, chicken and English recipes him one of the world's most popular and most frequently cooked dishes ever. If you have already lost the inspiration to Fitness Chicken Recipes - Recipes for fitness and bodybuilding, suitable for ... Chicken Recipes - TradicniRecepty.cz MRK.cz - still on fish - fish and fishing Recipe for cod (fillet) to the cheese sauce . For more recipes, visit http://www.Recepty.sk F-SPORT Fitness Recipes - Recipes for fitness and bodybuilding, suitable for losing weight, maintaining the character and pick up lean muscle mass. Weight Loss Lose weight RECIPES Steam casserole - MIMIBAZAR.sk - family advertising server Recipes from Czech and international cuisine and everything about cooking. Welcome to Českákuchařka.cz, which are full of recipes from Czech and international cuisine. Recepty.sk: Cod on a cheese sauce. Recipes for salads Cod 75th assembly .. 29/05/2013 at 5:23 Slo Niacin drank .. at 05/29/2013 5:23 into the sniffer ta dog .. at 05/29/2013 5:22 Recipe for 2013-05 ta at sala .. 5:22 -29 What kicks in .. 05/29/2013 at 5:21 外部 リ ン ク
For many years, the fragmentation taking place in the Islamic world and Muslims in various parts of the world they see violence and oppression are many reasons. Some Muslims to prayer, fasting and pilgrimage enough to go see, stay away from activities that want to sacrifice rfb comfort and other Muslims because they are keen to fiddle with problems are some of the important ones of these reasons. In society, completely different from that reported in the Qur'an, it is seen that ordinary and without referral, adoption of a Muslim model. Faith in terms of weak, self-righteous, the people rfb in this building, which was indifferent for the promotion of religion, morality, make money of this life, the materials to obtain property, to marry, to have children, that he has built on to raise their children. Certainly these are not the violation of religious morality. However, the errors of the people we talked; Forgetting their responsibility to the Lord, with the illusion rfb that the world is based on this earthly life only things is to avoid using the notification of their God-given morality and religion in Allah's way. This is one of the biggest goals to earn money, build your business to their children, to ensure their future is to marry them. Prayer makes cuts victim makes certain prayers, find the time to go for Umrah. In place of the Qur'anic moral values, these people rfb are always left behind in any attempt of explaining and dissemination, are content to remotely monitor what happened. Live in their understanding of life and faith, there is no sensible and active approach. However, rfb to explain the morality of the Qur'an, to foreclose commanding good from evil is one of the most important responsibilities for believers. However, no effort would not be in the people we talked about it, the risk to lose contact. These people take risks as they themselves struggle in the way of Allah is only for Muslims living characterize the purity rfb of God, criticism, just believe in them from time to time to slander thrown. "O you who believe, if a deviators, if you bring a news ... (Surat al-Hujurat, 6) who do not live according to the Qur'an as revealed in the verse miscreants," the news is made ", for example, when you hear a story about a Muslim in the media / when you read this people believe now. However, the continuation of the above verse Allah Almighty, "... rfb it 'thoroughly investigated'. Or the result of ignorance, you will find a people in the evil, then you will regret what you did it. "(Surat al-Hujurat, 6) is commanded. rfb These people never in any effort in the hot house, living for the sake of Allah, and had spent heavily in the way of God, drawn from the social aspects of life, entered into any kind of danger, so any defamatory, oppression, persecution easily rfb bleed to slander sincere believers counterparts area exposed. However, Muslims should hüsnü-Zan each other. Although it is clear in the verse ordered this one, as do research on Muslim brother, do not be hüsnü-Zan. Even the "heavy among you there is no doubt. If you will hit a calamity, though: "Allah gave me a blessing, because I'm not with them," he says. (Surat an-Nisa, 72) to words in the verse "with them" is glad to it. "God bless us, if we were together with them we were coming upon us calamity; insults will see, going jailed, "he says. When the place is a success for the benefit of Islam says: "If you a greater than Allah (glory) If the hit, at that time, as if they have no relation with him among undoubtedly say: I wish I was with them, so I'm great ' salvation and happiness, 'I ers. "(Surat an-Nisa, 73) Believers are people who literally handed himself to God. All holy prophets and apostles, moving believers with them, the way of Allah during rfb service life, they would have been in the effort and struggle. Among the believers rfb who emigrated rfb with our Prophet had too many young people. At that age, the dangers of leaving the eye area and the Lord delivered to the families of these young people who have gained eternal happiness in the Hereafter. And whether they throw themselves into dangerous 'awake' as seen and those who prefer to sit at home and there are no traces of the moment he lands. The goal of the human; everything is on the mercy of God is to win Allah's good pleasure. Some people only to school, go to work, money, goods, it is the pursuit of marriage, pull the risks. The effort in the way of Allah, who sacrificed himself, thinking that the believers who strive weak awake, intelligent and smart view is contrary to the logic of the Qur'an. The world's life is very short. Only people born into the world with test space, rfb grow, multiply, and has come to die; these are the characteristics of the animal. The main aim of these people are not. Human nature becomes servant of God lives in an effort rfb to win Allah's rfb good pleasure, trying to live the moral values of the Qur'an, sacrifice himself for the sake of Allah and aim to heaven. Thought to himself awake for risk-taking, by contrast, people of
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