Category: Global news

Cyprus’s economic coma: Part 3, And others die

26 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   And others die. – Wikipedia’s summary of coma                                                                                                                                               With the Economist’s (March 8, 2014 news article and an editorial (March 8, 2014; brown font) epiphany that maybe the ECB/ IMF ‘rescue’ of Cyprus has been a botch from start to […]

Cyprus’s economic coma: Part 2, A vegetative state

25 March, 2014 (09:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

[Continued from yesterday's Part 1 .]   By:David A. Smith   After this time, some patients gradually come out of the coma, some progress to a vegetative state – Wikipedia’s summary of coma   Yesterday’s post examined the semi-comatose Cypriot economy, a year after its ECB takeover, and using as source material the Economist’s (March 8, […]

Cyprus’s economic coma: Part 1, Very basic responses

24 March, 2014 (12:00) | Bailouts, Banking, Cyprus, Economics, Eurozone, Global news, Housing, Recapitalization, Russia, Speculation | No comments

By:David A. Smith   Comas can last from several days to several weeks. In more severe cases a coma may last for over five weeks, while some have lasted as long as several years.  – Wikipedia’s summary of coma   Either one of you will survive, or you won’t   A year after the European […]

The self-organizing cellular network

28 February, 2014 (09:00) | Buses, cellular automata, Global news, Innovations, Kibera, Markets, Nairobi, Networks, Slums, transport | No comments

 By:David A. Smith   So comfortable and regulated are we in the formal world that we have fallen into the foolish belief that all networks must be the result of organized and conscious creation, when in fact the genius of markets lies in their ability to use the dynamics of cellular automata – hundreds, thousands, […]

Spain’s Lech Walesa? Part 4, Europolitical jujitsu

27 February, 2014 (09:00) | Bad banks, Banking, Economics, Eurozone, Foreclosure, Global news, Housing, Lending, Spain, Speculation | No comments

  By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   Three years in to its ECB-ordered austerity plan, Spain’s economy appears no better off, and its property markets are frozen in confrontational irresolution because it is impossible for a debtor to escape his debts, even if the […]