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Thursday, 13 September 2012
GOOD NEWS – NO NEED TO SCOWL.
"YOU TOO WOULD BE CLINICALLY DEPRESSED
IF YOU HAD WEAR THESE CLOTHES"
Sifting through the incoming media this morning, it is dominated by bad memories and bad news – of The Twin Towers 9-11; of the corrupt UK police in The Hillsborough Disaster; of a fire in a clothing factory killing 200; of a family shot in France; - all typified by yet more pictures of glaring, clinically depressed catwalk models presumably being starved and exploited by evil Paris fashion designers. Even Melvyn Bragg’s experts on the human-cell, on the radio show, In Our Time BBC4, described the baffling cellular miracle of life as bacteria, eukaryotes and other free bits and pieces being “…enslaved, forced, trapped, in a factory from which they have no escape”. Hey - What about mutually advantageous cooperation? Doom. Doom. Doom.
But – hidden away on the inside pages, ignored today by the BBC and other broadcasters, is the news of legal ratification in Germany of an extra €500 billion granted to the European Central Bank – to boost its newly authorised role of buying up national bonds and debts of European Union countries. This stabilises the Euro, saves Greece, Italy and Spain from meltdown and drives down Bond Yields (interest rates on government loans). It saves the global economy from the various disasters the financial and popular media endlessly forecast. So the media should celebrate. Or have they been betting the other way?
TAX-IMPACT - As the European states firm up their teamwork and boundaries – the betting must be they will intensify recovery of tax-haven capital; ironically following the recent Greek initiatives, to repatriate their share of the $21 trillion off-shore. Move your money on-shore – Move to higher ground.