Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56189 Sat, 28 Feb 2015 16:41:58 GMT The euro may be riskier than you think - Alasdair MacLeod http://implode-explode.com/viewnews/2015-02-28_TheeuromayberiskierthanyouthinkAlasdairMacLeod.html iehi-feed-56188 Sat, 28 Feb 2015 16:39:20 GMT Greek PM says 'forget about third bailout' http://implode-explode.com/viewnews/2015-02-28_GreekPMsaysforgetaboutthirdbailout.html iehi-feed-56187 Sat, 28 Feb 2015 16:18:53 GMT Nemtsov was no threat to Russian govt - presidential spokesperson http://implode-explode.com/viewnews/2015-02-28_NemtsovwasnothreattoRussiangovtpresidentialspokesperson.html iehi-feed-56186 Fri, 27 Feb 2015 20:36:14 GMT 14,600 blighted properties demolished in Ohio under program http://implode-explode.com/viewnews/2015-02-27_14600blightedpropertiesdemolishedinOhiounderprogram.html iehi-feed-56185 Fri, 27 Feb 2015 20:14:02 GMT U.S. economy slowed in Q4, but growth outlook still "favorable" http://implode-explode.com/viewnews/2015-02-27_USeconomyslowedinQ4butgrowthoutlookstillfavorable.html iehi-feed-56184 Fri, 27 Feb 2015 20:02:29 GMT Greece runs out of funding options despite euro zone reprieve http://implode-explode.com/viewnews/2015-02-27_Greecerunsoutoffundingoptionsdespiteeurozonereprieve.html Shut out of debt markets and faced with a steep fall in tax revenues, Athens is expected to run out of cash by the middle or end of March. Its finance minister has warned that Greece will struggle to repay creditors starting with a 1.5 billion euro IMF loan repayment due in March.

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Greece had also hoped it could tap the almost 11 billion euros of leftover money in the Greek bank stabilization fund, but euro zone finance ministers have decided the money would be returned to the Luxembourg-based euro zone bailout fund.

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A senior Greek banker said the expectation in Athens remained that the ECB would relent and allow some leeway on T-bills.

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The onus is now on Athens to rush through reforms to unlock the remaining aid.

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iehi-feed-56183 Fri, 27 Feb 2015 19:48:55 GMT Can a Stock-Trader-Turned-Convict Start a New Life? (THE STORY OF ROOMY KHAN) http://implode-explode.com/viewnews/2015-02-27_CanaStockTraderTurnedConvictStartaNewLifeTHESTORYOFROOMYKHAN.html Since January 2008, as Roomy had ostensibly been going about her usual business -- analyzing companies, gathering snippets of privileged corporate intelligence and deciding which stocks to buy and sell -- she was secretly assisting the F.B.I. in a long-running investigation into insider trading at Wall Street hedge funds. Khan was the right woman for the job: Since about 2006, she herself had been trading on inside information. When the F.B.I. caught up with her, she began helping them -- at first reluctantly and then with theatrical flair. She taped telephone calls with her bosses, business associates and even a neighbor. Most important of all, she taped calls with her ex-boss, Raj Rajaratnam, whom the government had been eyeing for a decade.

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I met Khan in Fort Lauderdale, Fla., in September, five months after she was released from prison and three months after she was transferred from a halfway house to her own home. I wanted to understand how a highly intelligent woman like Khan -- she has a degree in engineering, two in physics and an M.B.A. from the University of California, Berkeley -- wound up committing a crime like this. What sorts of calculations had she made to convince herself that the benefits of cheating outweighed the possible costs?

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In February, she received a rejection [from Wharton business school], but she's waiting to hear from several other schools. If she doesn't get in anywhere, she would like to write a book, perhaps go on the lecture circuit, sharing with aspiring traders and business people the cautionary tale of her easy slide into committing crimes

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iehi-feed-56182 Fri, 27 Feb 2015 17:18:43 GMT Greek Gov't raises concern over payment to IMF in March http://implode-explode.com/viewnews/2015-02-27_GreekGovtraisesconcernoverpaymenttoIMFinMarch.html iehi-feed-56181 Fri, 27 Feb 2015 16:26:00 GMT The US recovery story is a fraud: SocGen's Edwards http://implode-explode.com/viewnews/2015-02-27_TheUSrecoverystoryisafraudSocGensEdwards.html iehi-feed-56180 Fri, 27 Feb 2015 16:18:47 GMT China's Real Estate Bust Worse Than It Seems http://implode-explode.com/viewnews/2015-02-27_ChinasRealEstateBustWorseThanItSeems.html A record decline in new-home prices in January has, as my Bloomberg News colleagues reported this week, prompted Chinese officials to contemplate additional stimulus measures, including reducing the required down payments on second homes and eliminating sales tax after only two years of ownership instead of five.

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"This is a supply-side correction in property," Yao writes in a new report. "While housing sales will likely improve this year, construction and all the industrial activity that depends on it will not. Therefore an upturn in housing sales will not deliver as much of a boost to growth."

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iehi-feed-56179 Fri, 27 Feb 2015 16:13:11 GMT Chinese diplomat tells West to heed Russia's security concerns over Ukraine http://implode-explode.com/viewnews/2015-02-27_ChinesediplomattellsWesttoheedRussiassecurityconcernsoverUkraine.html iehi-feed-56178 Fri, 27 Feb 2015 16:11:04 GMT Police beating people protesting currency collapse in Kiev http://implode-explode.com/viewnews/2015-02-27_PolicebeatingpeopleprotestingcurrencycollapseinKiev.html iehi-feed-56176 Thu, 26 Feb 2015 18:51:23 GMT The New Class War: European Banks vs. Greek Labour http://implode-explode.com/viewnews/2015-02-26_TheNewClassWarEuropeanBanksvsGreekLabour.html iehi-feed-56175 Thu, 26 Feb 2015 16:38:15 GMT Greece to stop privatisations as Syriza faces backlash on deal http://implode-explode.com/viewnews/2015-02-26_GreecetostopprivatisationsasSyrizafacesbacklashondeal.html Greece's Left-wing Syriza government has vowed to block plans to privatise strategic assets and called for sweeping changes to past deals, risking a fresh clash with the eurozone's creditor powers just days after a tense deal in Brussels.

"We will cancel the privatisation of the Piraeus Port," said George Stathakis, the economy minister. "It will remain permanently under state majority holding. There is no good reason to turn it into a private monopoly, as we made clear from the first day.

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iehi-feed-56174 Thu, 26 Feb 2015 16:19:54 GMT ​Kiev introduces rationing, as falling hryvnia causes shopping binge http://implode-explode.com/viewnews/2015-02-26_Kievintroducesrationingasfallinghryvniacausesshoppingbinge.html iehi-feed-56173 Thu, 26 Feb 2015 16:15:26 GMT Bad for Business: After NSA Hack China Stops Buying Major US Tech Brands http://implode-explode.com/viewnews/2015-02-26_BadforBusinessAfterNSAHackChinaStopsBuyingMajorUSTechBrands.html iehi-feed-56172 Thu, 26 Feb 2015 16:08:56 GMT Nicaragua Grand Canal: Chinese-built waterway generates lots of questions http://implode-explode.com/viewnews/2015-02-26_NicaraguaGrandCanalChinesebuiltwaterwaygenerateslotsofquestions.html The canal would need to generate an annual income of about $5 billion, explained Sabonge. But the Panama Canal, with a transit of 13,482 ships, carrying 327 million tons, generates annual revenue of only about $2 billion, according to 2014 figures.

Naturally, the lack of an apparent financial feasibility has raised questions about whether the Nicaragua Grand Canal is a commercial project for HKND--or a geopolitical project for the Chinese government.

"If an investor doesn't see that there's a viable option, or demand out there to make a profit, they wouldn't make an investment. That leaves the question of maybe it's coming from the government," said Chang Qian Guan, a professor at the U.S. Merchant Marine Academy.

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iehi-feed-56171 Thu, 26 Feb 2015 16:01:45 GMT France Gets More Time to Meet E.U. Budget Rules (Greek Revolt Turns Tide?) http://implode-explode.com/viewnews/2015-02-26_FranceGetsMoreTimetoMeetEUBudgetRulesGreekRevoltTurnsTide.html iehi-feed-56170 Thu, 26 Feb 2015 15:27:43 GMT London Real Is The Web Series Every Entrepreneur Should Be Watching http://implode-explode.com/viewnews/2015-02-26_LondonRealIsTheWebSeriesEveryEntrepreneurShouldBeWatching.html iehi-feed-56169 Thu, 26 Feb 2015 02:26:09 GMT Morgan Stanley to pay $2.6 billion to settle mortgage-bond claims http://implode-explode.com/viewnews/2015-02-25_MorganStanleytopay26billiontosettlemortgagebondclaims.html