Friday, March 29, 2013


For believers in a “great rotation” from bonds into equities, Thursday’s leap by the S&P 500 into record territory could well be the trigger for a seismic shift in investors’ portfolios.

INTERESTING POINT OF VIEW: Why the world needs reckless bankers

Conventional wisdom has it that the financial crisis originating in the US proves that the “Anglo-Saxon” financial model is too dangerous and too deeply flawed to have much to teach the rest of the world. If it were any good, after all, how could we have suffered the spectacular near-collapse of the US and UK banking systems?

But the prestige of the Anglo-Saxon financial system soared in the 1990s at least in part because the “other” main banking model seemed to have failed so spectacularly in the country that was long considered its greatest exponent.

Read the rest.

Wednesday, March 27, 2013

FOR THE 'Good thing it's not Bush' department: FBI Pursuing Real-Time Gmail Spying Powers as “Top Priority” for 2013

Sunday, March 24, 2013

“REPEAT AFTER ME, Cyprus is (was) not a tax haven.”

Tuesday, March 19, 2013

A CYPRUS Q&A at the WSJ.

Monday, March 18, 2013

A CLEAR EXPLANATION: Everything you need to know about the Cyprus bailout, in one FAQ.

Thursday, March 14, 2013

SO MUCH FOR 'NO NUKES': The Future of Nuclear Power Runs on the Waste of Our Nuclear Past

America alone produces about 2,000 metric tons of nuclear waste annually and our best solution for disposing of it: bury it deep in the Earth. However, a pair of MIT scientists believe they've found not only a better way of eliminating nuclear waste but recycling the deadly detritus into enough clean electricity to power the entire world until 2083. Win, meet win.

Wednesday, March 13, 2013


Spain’s making the most of the clement conditions in the bond market.

On Tuesday, the country announced plans to sell three longer-dated bonds at a special auction this week. Unlike scheduled auctions, Thursday’s sale would not have a set size, enabling Spain to take advantage of the recent rally in its debt and raise as much money as it deems fit.

At the same time, if demand is tepid, Spain wouldn’t face the scrutiny that would accompany a conventional auction. Spain normally gives a target range of how much money it aims to raise at an auction, so by not disclosing the size in advance, Spain is giving itself enough room to manoeuvre if conditions suddenly worsen

To be sure, the auction announcement isn’t a complete surprise. The Spanish Treasury indicated in its 2013 strategy in January the option to conduct special auctions, outside of its regular schedule, to provide liquidity to certain nonbenchmark bonds in order to improve the functioning of the market. Thursday’s auction will be the first such auction.

Still, the timing represents an opportunistic move on Spain’s part. For investors sitting on piles of cash who need to generate returns, Spain appears to be a more attractive bet than Italy, for now.


THERE are two ways to look at Spain’s economy. One is to see it as a landscape blasted by the triple shock of the property crash, the financial crisis and the travails of the euro zone. In this Spain banks are in ruins, the recession drags on and the unemployment rate tops 25%. House prices are still far below what they were in 2007. Reyal Urbis, a big property company, went bust last month.

But anyone surveying the wreckage will notice that parts of corporate Spain are not only still standing but gleaming and growing.

Keep reading.

Tuesday, March 12, 2013

'MODERATE MUSLIM' is not an oxymoron.

ALFREDO PASTOR: Reasons to Believe Spain's Recovery Is Not Far Away. Let's hope he's right…

WHY BOB GELDOF —and a host of others— is wrong about Africa aid.

Monday, March 11, 2013

TEN incredibly simple things you can do to protect your privacy.

Eva Belén Abad Quijada, Spain, 30 years old
Óscar Abril Alegre, Spain, 19 years old
Liliana Guillermina Acero Ushiña, Ecuador, 26 years old
Florencio Aguado Rojano, Spain, 60 years old
Juan Alberto Alonso Rodríguez, Spain, 38 years old
María Joséfa Alvarez González, Spain, 48 years old
Juan Carlos Del Amo Aguado, Spain, 28 years old
Andriyan Asenov Andrianov, Bulgaria, 22 years old
María Nuria Aparicio Somolinos, Spain, 40 years old
Alberto Arenas Barroso, Spain, 24 years old
Neil Hebe Astocondor Masgo, Peru, 34 years old
Ana Isabel Avila Jiménez, Spain, 43 years old
Miguel Ángel Badajoz Cano, Spain, 34 years old
Susana Ballesteros Ibarra, Spain, 42 years old
Francisco Javier Barahona Imedio, Spain, 34 years old
Gonzalo Barajas Díaz, Spain, 32 years old
Gloria Inés Bedoya, Colombia, 40 years old
Sanaa Ben Salah Imadaquan, Spain, 13 years old
Esteban Martín De Benito Caboblanco, Spain, 39 years old
Rodolfo Benito Samaniego, Spain, 27 years old
Anka Valeria Bodea, Romania, 26 years old
Livia Bogdan, Romania, 27 years old
Florencio Brasero Murga, Spain, 50 years old
Trinidad Bravo Segovia, Spain, 40 years old
Alina Maria Bryk, Poland, 39 years old
Stefan Budai, Romania, 37 years old
Tibor Budi, Romania, 37 years old
María Pilar Cabrejas Burillo, Spain, 37 years old
Rodrigo Cabrero Pérez, Spain, 20 years old
Milagros Calvo García, Spain, 39 years old
Sonia Cano Campos, Spain, 24 years old
Alicia Cano Martínez, Spain, 63 years old
José María Carrilero Baeza, Spain, 39 years old
Álvaro Carrion Franco, Spain, 17 years old
Francisco Javier Casas Torresano, Spain, 28 years old
Cipriano Castillo Muñoz, Spain, 55 years old
María Inmaculada Castillo Sevillano, Spain, 39 years old
Sara Centenera Montalvo, Spain, 19 years old
Oswaldo Manuel Cisneros Villacís, Ecuador, 34 years old
Eugenia María Ciudad-Real Díaz, Spain, 26 years old
Jacqueline Contreras Ortiz, Peru, 22 years old
María Soledad Contreras Sánchez, Spain, 51 years old
María Paz Criado Pleiter, Spain, 52 years old
Nicoleta Diac, Romania, 27 years old
Beatriz Díaz Hernandez, Spain, 30 years old
Georgeta Gabriela Dima, Romania, 35 years old
Tinka Dimitrova Paunova, Bulgaria, 31 years old
Kalina Dimitrova Vasileva, Bulgaria, 31 years old
Sam Djoco, Senegal, 42 years old
María Dolores Durán Santiago, Spain, 34 years old
Osama El Amrati, Morocco, 23 years old
Sara Encinas Soriano, Spain, 26 years old
Carlos Marino Fernández Dávila, Peru, 39 years old
María Fernández del Amo, Spain, 25 years old
Rex Ferrer Reynado, Phillipines, 20 years old
Héctor Manuel Figueroa Bravo, Chile, 33 years old
Julia Frutos Rosique, Spain, 44 years old
María Dolores Fuentes Fernández, Spain, 29 years old
José Gallardo Olmo, Spain, 33 years old
José Raúl Gallego Triguero, Spain, 39 years old
María Pilar Gamiz Torres, Spain, 40 years old
Abel García Alfageme, Spain, 27 years old
Juan Luis García Arnaiz, Spain, 17 years old
Beatriz García Fernández, Spain, 27 years old
María de las Nieves García García-Moñino, Spain, 46 years old
Enrique García González, Dominican Republic, 28 years old
Cristina Aurelia García Martínez, Spain, 34 years old
Carlos Alberto García Presa, Spain, 24 years old
José García Sánchez, Spain, 45 years old
José María García Sánchez, Spain, 47 years old
Javier Garrote Plaza, Spain, 26 years old
Petrica Geneva, Romania, 34 years old
Ana Isabel Gil Pérez, Spain, 29 years old
Óscar Gómez Gudiña, Spain, 24 years old
Felix González Gago, Spain, 52 years old
Ángelica González García, Spain, 19 years old
Teresa González Grande, Spain, 38 years old
Elías González Roque, Spain, 30 years old
Juan Miguel Gracia García, Spain, 53 years old
Javier Guerrero Cabrera, Spain, 25 years old
Berta María Gutiérrez García, Spain, 39 years old
Sergio de las Heras Correa, Spain, 29 years old
Pedro Hermida Martín, Spain, 51 years old
Alejandra Iglesias López, Spain, 28 years old
Mohamed Itaiben, Morocco, 27 years old
Pablo Izquierdo Asanza, Spain, 42 years old
María Teresa Jaro Narrillos, Spain, 32 years old
Oleksandr Kladkovoy, Ukraine, 56 years old
Laura Isabel Laforga Bajón, Spain, 28 years old
María Victoria León Moyano, Spain, 30 years old
María Carmen Lominchar Alonso, Spain, 34 years old
Myriam López Díaz, Spain, 31 years old
María Carmen López Pardo, Spain, 50 years old
María Cristina López Ramos, Spain, 38 years old
José María López-Menchero Moraga, Spain, 44 years old
Miguel de Luna Ocaña, Spain, 36 years old
María Jesús Macías Rodríguez, Spain, 30 years old
Francisco Javier Mancebo Záforas, Spain, 38 years old
Ángel Manzano Pérez, Ecuador, 42 years old
Vicente Marín Chiva, Spain, 37 years old
Antonio Marín Mora, Spain, 43 years old
Begoña Martín Baeza, Spain, 25 years old
Ana Martín Fernández, Spain, 43 years old
Luis Andrés Martín Pacheco, Spain, 54 years old
María Pilar Martín Rejas, Spain, 50 years old
Alois Martinas, Romania, 27 years old
Carmen Mónica Martínez Rodríguez, Spain, 31 years old
Míriam Melguizo Martínez, Spain, 28 years old
Javier Mengíbar Jiménez, Spain, 43 years old
Álvaro de Miguel Jiménez, Spain, 26 years old
Michael Mitchell Rodríguez, Cuba, 28 years old
Stefan Modol, Romania, 45 years old
Segundo Víctor Mopocita Mopocita, Ecuador, 37 years old
Encarnación Mora Donoso, Spain, 64 years old
María Teresa Mora Valero, Spain, 37 years old
Julita Moral García, Spain, 53 years old
Francisco Moreno Aragonés, Spain, 56 years old
José Ramón Moreno Isarch, Spain, 37 years old
Eugenio Moreno Santiago, Spain, 56 years old
Juan Pablo Moris Crespo, Spain, 32 years old
Juan Muñoz Lara, Spain, 33 years old
Francisco José Narváez de la Rosa, Spain, 28 years old
Mariana Negru, Romania, 40 years old
Ismael Nogales Guerrero, Spain, 31 years old
Inés Novellón Martínez, Spain, 30 years old
Miguel Ángel Orgaz Orgaz, Spain, 34 years old
Ángel Pardillos Checa, Spain, 62 years old
Sonia Parrondo Antón, Spain, 28 years old
Juan Francisco Pastor Férez, Spain, 51 years old
Daniel Paz Manjón, Spain, 20 years old
Josefa Pedraza Pino, Spain, 41 years old
Miryam Pedraza Rivero, Spain, 25 years old
Roberto Pellicari Lopezosa, Spain, 31 years old
María del Pilar Pérez Mateo, Spain, 28 years old
Felipe Pinel Alonso, Spain, 51 years old
Martha Scarlett Plasencia Hernandez, Dominican Republic, 27 years old
Elena Ples, Romania, 33 years old
María Luisa Polo Remartinez, Spain, 50 years old
Ionut Popa, Romania, 23 years old
Emilian Popescu, Romania, 44 years old
Miguel Ángel Prieto Humanes, Spain, 37 years old
Francisco Antonio Quesada Bueno, Spain, 44 years old
John Jairo Ramírez Bedoya, Colombia, 37 years old
Laura Ramos Lozano, Honduras, 37 years old
Miguel Reyes Mateos, Spain, 37 years old
Marta del Río Menéndez, Spain, 40 years old
Nuria del Río Menéndez, Spain, 38 years old
Jorge Rodríguez Casanova, Spain, 22 years old
Luis Rodríguez Castell, Spain, 40 years old
María de la Soledad Rodríguez de la Torre, Spain, 42 years old
Ángel Luis Rodríguez Rodríguez, Spain, 34 years old
Francisco Javier Rodríguez Sánchez, Spain, 52 years old
Ambrosio Rogado Escribano, Spain, 56 years old
Cristina Romero Sánchez, Spain, 34 years old
Patricia Rzaca, Poland, 7 meses
Wieslaw Rzaca, Poland, 34 years old
Antonio Sabalete Sánchez, Spain, 36 years old
Sergio Sánchez López, Spain, 17 years old
María Isabel Sánchez Mamajón, Spain, 37 years old
Juan Antonio Sánchez Quispe, Peru, 45 years old
Balbina Sánchez-Dehesa France, Spain, 47 years old
David Santamaría García, Spain, 23 years old
Sergio dos Santos Silva, Brazil, 28 years old
Juan Carlos Sanz Morales, Spain, 33 years old
Eduardo Sanz Pérez, Spain, 31 years old
Guillermo Senent Pallarola, Spain, 23 years old
Miguel Antonio Serrano Lastra, Spain, 28 years old
Rafael Serrano López, Spain, 66 years old
Paula Mihaela Sfeatcu, Romania, 27 years old
Federico Miguel Sierra Serón, Spain, 37 years old
Domnino Simón González, Spain, 45 years old
María Susana Soler Iniesta, Spain, 46 years old
Carlos Soto Arranz, Spain, 34 years old
Mariya Ivanova Staykova, Bulgaria, 38 years old
Marion Cintia Subervielle, France, 30 years old
Alexandru Horatiu Suciu, Romania, 18 years old
Danuta Teresa Szpila, Poland, 28 years old
José Luis Tenesaca Betancourt, Ecuador, 17 years old
Iris Toribio Pascual, Spain, 20 years old
Neil Torres Mendoza, Ecuador, 38 years old
Carlos Tortosa García, Spain, 31 years old
María Teresa Tudanca Hernández, Spain, 49 years old
Jesús Utrilla Escribano, Spain, 44 years old
José Miguel Valderrama López, Spain, 25 years old
Saúl Valdez Ruiz, Honduras, 44 years old
Mercedes Vega Mingo, Spain, 45 years old
David Vilela Fernández, Spain, 23 years old
Juan Ramón Zamora Gutiérrez, Spain, 29 years old
Yaroslav Zojniuk, Ukraine, 48 years old
Csaba Olimpiu Zsigovski, Romania, 26 years old

Friday, March 08, 2013

SPEECHLESS: U.S. Ambassador Asks U.N. Colleagues to Stop Showing Up Drunk to Meetings. “We're not talking about cheerful, oops-I-had-a-glass-of-chardonnay-at-dinner drunk either. "There has always been a good and responsible tradition of a bit of alcohol improving a negotiation, but we're not talking about a delegate having a nip at the bar," one unnamed diplomat told the press, mentioning one incident where a delegate got so hammered that he barfed, though it's unclear where. Another explained, "On one occasion the note-taker who was meant to be recording the talks was so intoxicated he had to be replaced." One more unnamed diplomat said that delegates were showing up "falling down drunk."“

Thursday, March 07, 2013

DIDN'T KNOW YOU COULD INOCULATE THAT: Hugo Chavez died of massive heart attack: top general - CBS News

President Hugo Chavez died of a massive heart attack after great suffering and inaudibly mouthed his desire to live, the head of Venezuela's presidential guard said late Wednesday.

"He couldn't speak but he said it with his lips ... 'I don't want to die. Please don't let me die,' because he loved his country, he sacrificed himself for his country," Gen. Jose Ornella told The Associated Press.


WILL 3D PRINTING change the world?

THIS IS COOL: Darpa Wants to Rethink the Helicopter to Make It Go Way Faster.

SPAIN probably won’t catch Italian flu, writes Hugo Dixon.

Wednesday, March 06, 2013

“TEN REASONS why I will not miss Chavez.“

DESCONSTRUCTING Venezuela's fabulous 5% economic growth.

THE NEW YORK TIMES on Chávez's death:

Mr. Chávez’s departure from a country he dominated for 14 years [1] casts into doubt the future of his socialist revolution. It alters the political balance not only in Venezuela, the fourth-largest supplier of foreign oil to the United States, but also in Latin America, where Mr. Chávez led a group of nations intent on reducing American influence in the region.

Mr. Chávez, 58, changed Venezuela in fundamental ways, empowering and energizing millions of poor people who had felt marginalized and excluded. But his rule also widened society’s divisions, and his death is sure to bring vast uncertainty as the nation tries to find its way without its central figure.

Tuesday, March 05, 2013

FIRST HORSEMEAT, NOW THIS: “Faecal bacteria found in Ikea chocolate cakes“. Way worse. Stick to the furniture, guys.

Monday, March 04, 2013

PICTURES of a time when flying was a luxury for a few. The page is in Spanish, but the images speak for themselves.

SPOT ON: The Google Glass feature no one is talking about.

WOW: “China’s foreign currency reserves, which have surged more than 700 percent since 2004, are enough to buy every central bank’s official gold supply -- twice.”

DARK RUMBLINGS Of A Coup D'État In Spain”? This is totally nuts. Just one retired military speaking to an obscure publication, and suddenly we have a putsch? Nobody denies there are increasing tensions stemming from the awful economic situation. And politics is not exactly oil in a plate, with some corruption scandals (mostly alleged, so far) and territorial controversies. But anyone who has the slightest idea of what's really happening in Spain right now other than from reading blogs from San Francisco and living in mental images dated 4 decades ago can say with a clear mind that the army is about to take over. It's total utter rubbish.

Business Insider is not doing itself any favor by running these kind of trash.