How could that happen?
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Never saw that such a big city goes bankrupt. http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.html?hpt=hp_t3[^] Next one? the whole US, southern Europe, and more to come. I am just happy to be in solid Switzerland (still rated AAA by most agencies).
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Never saw that such a big city goes bankrupt. http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.html?hpt=hp_t3[^] Next one? the whole US, southern Europe, and more to come. I am just happy to be in solid Switzerland (still rated AAA by most agencies).
The signature is in building process.. Please wait...
Cyborg police officers are expensive, that's how.
Reality is an illusion caused by a lack of alcohol "Nagy, you have won the internets." - Keith Barrow
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Never saw that such a big city goes bankrupt. http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.html?hpt=hp_t3[^] Next one? the whole US, southern Europe, and more to come. I am just happy to be in solid Switzerland (still rated AAA by most agencies).
The signature is in building process.. Please wait...
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Cyborg police officers are expensive, that's how.
Reality is an illusion caused by a lack of alcohol "Nagy, you have won the internets." - Keith Barrow
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vonb wrote:
I am just happy to be in solid Switzerland (still rated AAA by most agencies
those would be the same agencies who were happy with the way things were run just before the GFC? bryce
MCAD ---
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bryce wrote:
GFC
Found many GFCs, but unclear..:confused:
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Global Financial Crisis...
I don't speak Idiot - please talk slowly and clearly "I have sexdaily. I mean dyslexia. Fcuk!" Driven to the arms of Heineken by the wife
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Never saw that such a big city goes bankrupt. http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.html?hpt=hp_t3[^] Next one? the whole US, southern Europe, and more to come. I am just happy to be in solid Switzerland (still rated AAA by most agencies).
The signature is in building process.. Please wait...
Bankruptcy in these circumstances isn't the same as when a company or individual goes bankrupt; It's just a way of moving money around. i.e. the money is moved from ordinary people's pensions to pay for all the extravagances of the people running the city (into the ground).
I wanna be a eunuchs developer! Pass me a bread knife!
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Thanks, finally few errands to do today then depart around 5 tonight. Woking - Folkstone - Calais - Brussels - Koln - Passau - Lintz - Vien - Gyor - Balatonfured In all it's a tad over 1,200 miles. We'll stay in Brussels tonight and with an early start and good tail wind will get home 7-8pm Saturday. Then it's 5 weeks of R&R; with a small amount of gin for my stomach's sake.
Reality is an illusion caused by a lack of alcohol "Nagy, you have won the internets." - Keith Barrow
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Thanks, finally few errands to do today then depart around 5 tonight. Woking - Folkstone - Calais - Brussels - Koln - Passau - Lintz - Vien - Gyor - Balatonfured In all it's a tad over 1,200 miles. We'll stay in Brussels tonight and with an early start and good tail wind will get home 7-8pm Saturday. Then it's 5 weeks of R&R; with a small amount of gin for my stomach's sake.
Reality is an illusion caused by a lack of alcohol "Nagy, you have won the internets." - Keith Barrow
Sounds great! Just know that there will be millions of other cars travelling, there was already an accident at 4.30 am this morning which caused the closure of the main Alp tunnel, the Saint Gotthard, building traffic jams in both directions at that time in the night. I still have to wait until end of August and then I fly to Amsterdam (other way round...). ;)
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Never saw that such a big city goes bankrupt. http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.html?hpt=hp_t3[^] Next one? the whole US, southern Europe, and more to come. I am just happy to be in solid Switzerland (still rated AAA by most agencies).
The signature is in building process.. Please wait...
What really caught my attention is the 70,000 abandoned properties.
If there is one thing more dangerous than getting between a bear and her cubs it's getting between my wife and her chocolate.
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vonb wrote:
I am just happy to be in solid Switzerland (still rated AAA by most agencies
those would be the same agencies who were happy with the way things were run just before the GFC? bryce
MCAD ---
Well, of course not. Sure, they have the same names, are run by the same people and still make the same "predictions", but other than those small details they're completely different! Also, by insinuating that they haven't changed you're scaring the confidence fairy. I'll blame you if our interest rates go up today.
Quidquid latine dictum sit, altum viditur.
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Never saw that such a big city goes bankrupt. http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.html?hpt=hp_t3[^] Next one? the whole US, southern Europe, and more to come. I am just happy to be in solid Switzerland (still rated AAA by most agencies).
The signature is in building process.. Please wait...
Detroit's population is down by about 2/3rds from its peak; it's tax base is probably down even more since at it's peak the US car makers had almost the entire US auto market.
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason? Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful? --Zachris Topelius Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies. -- Sarah Hoyt
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Never saw that such a big city goes bankrupt. http://money.cnn.com/2013/07/18/news/economy/detroit-bankruptcy/index.html?hpt=hp_t3[^] Next one? the whole US, southern Europe, and more to come. I am just happy to be in solid Switzerland (still rated AAA by most agencies).
The signature is in building process.. Please wait...
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Bankruptcy in these circumstances isn't the same as when a company or individual goes bankrupt; It's just a way of moving money around. i.e. the money is moved from ordinary people's pensions to pay for all the extravagances of the people running the city (into the ground).
I wanna be a eunuchs developer! Pass me a bread knife!