Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] By:David A. Smith As we’ve seen up to now, by last weekend the first Cypriot deposit-theft bank recapitalization plan had blown up in the public markets, and so Europe’s fiscal leaders were aggressively pursuing a second Cypriot deposit theft bank recapitalization [...]
[Continued from yesterday's Part 2 and the preceding Part 1.] By:David A. Smith As we saw yesterday, by the time last week ended, the Eurocrats who were trying to force the Cypriot government to inflict pain upon itself and its depositors had become so cocooned in their own debates and internal arguments that [...]
[Continued from yesterday's Part 1.] By:David A. Smith As we saw yesterday, in one thoroughly dishonest and breathtakingly stupid action, the European Union’s economic leaders showed themselves willing to be arbitrary and punitive, as well as outright thieves, by seeking to confiscate Cypriot depositors’ money so as to them who’s boss in this [...]
By: David A. Smith [Background: As I write this, Tuesday morning, events in Cyprus are still not settled, and even last week's activity has been inconsistently reported. So I'm going to consume the remainder of this week sorting through what happened last week, in hopes that next week we can make sense of what is [...]
In 1975, the officers and crew of Soviet destroyer Storozhevoy (Sentry) mutinied, under the leadership of their erstwhile Marxist political officer Valery Sablin, who steamed her out of Riga into the Baltic Sea with visions of recreating the 1921 Kronstadt rebellion, an idealistic uprising against what the sailors saw as the Bolshevik betrayal of revolutionary [...]
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