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firstamendmentcenter.org: news - 0 views

archive.firstamendmentcenter.org/news.aspx Got Milk
shared by bparksj28 on 10 Jan 13 - No Cached
  • The Supreme Court today turned away a challenge by some dairy farmers who objected to funding ads showing famous people with milk mustaches asking "Got Milk?"
  • A federal appeals court last March relied heavily on the 1997 ruling when it threw out the dairy farmers' challenge to the program that, since 1984, has required them to subsidize generic ads. Dairy farmer
  • and other milk producers are assessed about $250 million a year for the popular ads.
  • bparksj28 on 10 Jan 13
     
    Got Milk Campaign Forced to Finance itself
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Bulgarian government resigns amid growing protests - Yahoo! News - 0 views

news.yahoo.com/tional-protests-073220738.html government growing protests bulgaria quits
shared by bparksj28 on 20 Feb 13 - No Cached
  • Bulgaria's government resigned on Wednesday after violent nationwide protests against high power prices, joining a long list of European administrations felled by austerity during Europe's debt cri
  • raise living standards in the European Union's poorest member,
  • Wage and pension freezes and tax hikes have bitten deep in a country where living standards are less than half the EU average
  • ...5 more annotations...
  • The spark for the protests was high electricity bills, after the government raised prices by 13 percent last July. But it quickly spilled over into wider frustration with Borisov's domineering manner and unpredictable decision making.
  • The prime minister made sacrifices in an attempt to cling on, sacking his finance minister, cutting power prices and risking a diplomatic row with the Czech Republic by punishing foreign-owned companies, a move that conflicted with EU norms on protection of investors and due process.
  • Unemployment in the country of 7.3 million is far from the highs hit in the decade after the end of communism but remains at 11.9 percent and average salaries are stuck at around 800 levs ($550) a month.
  • Millions have emigrated in search of a better life, leaving swathes of the country depopulated and little hope for those who remain.
  • The precedent is unlikely to encourage other foreign investors, who already have to navigate complicated bureaucracy and widespread corruption and organized crime if they want to take advantage of Bulgaria's 16-percent flat tax rate.
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Benefits of Joining the Euro Economics Help - 0 views

www.economicshelp.org/...benefits-euro.html benefits euro
shared by bparksj28 on 05 Dec 12 - No Cached
  • bparksj28 on 05 Dec 12
     
    Benefits of the Euro
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Net capital outflows from Spain equalled more than 50% of country's output - MercoPress - 0 views

en.mercopress.com/...re-than-50-of-country-s-output Outflow Crisis spain country capital net
shared by bparksj28 on 05 Dec 12 - No Cached
  • That compares with a 23% outflow from Indonesia, the country hardest hit by capital flight during the Asian crisis in 1997 and 1998
  • Foreigners and Spaniards alike have contributed to the outflow. During the second quarter of this year, sales of Spanish securities by foreigners equaled 19.4% of the Spanish economy, while foreigners’ withdrawals from Spanish banks accounted for another 15.3%.
  • apital flight seems to be accelerating. Spanish bank deposits by companies and households shrank €74.2 billion (93.4 billion dollars) during July, according to the European Central Bank.
  • ...4 more annotations...
  • Even more worrisome
  • Spain’s banking system “is running out of liquidity and running out of collateral,” since collateral has to be pledged to the ECB when it provides funds.
  • This means Spanish banks are lending less, a drag on economic growt
  • Bank of Spain figures show that net capital outflows—including bank withdrawals and sell-offs of Spanish stocks and bonds—equaled more than 50% of the country’s economic output over the year ended July 31
  • bparksj28 on 05 Dec 12
     
    Capital Outflow Crisis
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