News

The Political machine that is the European Union

The Political machine that is the European Union

There is power in a Union! Workers from all over Europe went out on strike to protest at austerity measures imposed to counter losses suffered by the banking crises and government bailouts with taxpayer money in 2008-09. Television screens projected the images of partial strikes in Greece, Portugal, Slovenia, Poland, Italy, Serbia and Ireland.     In Spain and Belgium, there were general strikes, and a collective gathering of workers from all over Europe in Brussels.  Though many have dismissed the possibility that such actions could lead nowhere, they aren’t going away. This is about the 15th round of ...
More

Is it time to start our own bank?

Is it time to start our own bank?

Our trusted local banks are not lending money. The economic crises continues. The housing market is sluggish, consumer spending down.. So does this mean that we should start a new banking system with direct access to printed money by businesses that are struggling to cope? Some pundits may claim that this is not a solution. So far, on both sides of the Atlantic, central banks have been using freshly printed money to buy back government bonds. In some cases it is the buying of government or high-level corporate debt, and in the United States, it is mortgage-backed securities. Yet the financial think-tanks´argument is that what is real...
More

Solar flares and the impact on the surface of the Earth

Solar flares and the impact on the surface of the Earth

Solar Flares and the cataclysmic damage to Earth The Sun goes through a 11-year cycle of high and low periods of solar activity .  We are to witness devastating increases in the number of solar flares as well as unprecedented levels of magnetic energy as the quiet period ends and the high activity period begins. These deadly flares are expected in 2012 - 2013. Is this what our ancestors, the Mayans predicted as the end of the world as we know it? During the Stone Age, the Bronze Age and the Middle Ages the advancement in technology was not great so solar flares did not affect much. We are so reliant on high-tech systems for the most b...
More

More tax increases on the way!

More tax increases on the way!

Pending tax increases to hit the unlucky wealthy As a result of  Jean-Claude Trichet,  President of the European Central Bank calling for immediate tax increases and spending cuts across the industrialised world to restore fiscal sustainability, this year has already seen an increase in the tax on savings, income as well as  VAT in Spain.  Spain's wealthy are awaiting to hear what further tax hikes the government has in store as part of its measures to reduce the budget deficit.  Prime Minister, José Luis RodrÍguez Zapatero, in May 2010,  warned that taxes could be increased for higher earners, a...
More

If PIGS could fly

If PIGS could fly

If PIGS could fly! Although the Sterling Pound has strengthened since 2008, amidst wide spread predictions that it would soon be at par with the Euro, it's still a long way from where it used to be. The exchange rate has a direct bearing on businesses in Spain that depend on the expat market.  Despite the fact that several large countries within the Eurozone are in pretty bad shape financially, namely, Portugal, Italy, Greece and Spain – the so-called PIGS, or sometimes PIIGS with Ireland included – all the Southern states seem to have major issues with unemployment and sovereign debt.  So why is the Sterling Pound w...
More

News Archive