Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-54507 Sun, 27 Jul 2014 23:29:42 GMT The Italian Government Owes Over $100 Billion To Private Suppliers http://implode-explode.com/viewnews/2014-07-27_TheItalianGovernmentOwesOver100BillionToPrivateSuppliers.html iehi-feed-54503 Sun, 27 Jul 2014 23:14:25 GMT France's Relentlessly Deteriorating Unemployment Fiasco http://implode-explode.com/viewnews/2014-07-27_FrancesRelentlesslyDeterioratingUnemploymentFiasco.html iehi-feed-54500 Sun, 27 Jul 2014 14:02:43 GMT Boehringer: German Gold Repatriation Still "On"; But Gold Probably Rehypothecated http://implode-explode.com/viewnews/2014-07-27_BoehringerGermanGoldRepatriationStillOnButGoldProbablyRehypothec.html iehi-feed-54497 Sat, 26 Jul 2014 19:29:16 GMT Doug Noland: Bubbles & Schemes http://implode-explode.com/viewnews/2014-07-26_DougNolandBubblesSchemes.html iehi-feed-54495 Sat, 26 Jul 2014 19:06:16 GMT Europe Unveils Preliminary Sanctions Against Russia http://implode-explode.com/viewnews/2014-07-26_EuropeUnveilsPreliminarySanctionsAgainstRussia.html iehi-feed-54493 Sat, 26 Jul 2014 18:56:32 GMT Record Student-Loan Debt Prompts Treasury Push to Stem Defaults http://implode-explode.com/viewnews/2014-07-26_RecordStudentLoanDebtPromptsTreasuryPushtoStemDefaults.html The U.S. Treasury, which finances more than 90 percent of new student loans, is exploring ways to make repayment more affordable as defaults by almost 7 million Americans and other strapped borrowers restrain economic growth.

Leading the effort is Deputy Secretary Sarah Bloom Raskin, who became the department's No. 2 official in March after more than three years as a Federal Reserve governor. As higher-education debt swells to a record $1.2 trillion, Raskin, 53, is alert to parallels to the mortgage crisis.

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Among the options under consideration is boosting participation in underused Education Department programs that reduce monthly payments by tying them to a percentage of income for those who struggle, while extending the term of the loan.

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iehi-feed-54490 Sat, 26 Jul 2014 15:30:38 GMT ​EU sanctions on Russian finance could cripple London http://implode-explode.com/viewnews/2014-07-26_EUsanctionsonRussianfinancecouldcrippleLondon.html iehi-feed-54489 Sat, 26 Jul 2014 15:29:06 GMT C'mon Alan! Bubbles Are Caused By Central Bankers, Not "Human Nature" | David Stockman http://implode-explode.com/viewnews/2014-07-26_CmonAlanBubblesAreCausedByCentralBankersNotHumanNatureDavidStock.html iehi-feed-54488 Sat, 26 Jul 2014 01:07:12 GMT Maguire: CME Intervened on 7/11 with Margin Change to Cap Gold, Silver; Rescue Shorts http://implode-explode.com/viewnews/2014-07-25_MaguireCMEIntervenedon711withMarginChangetoCapGoldSilverRescueSh.html iehi-feed-54485 Fri, 25 Jul 2014 14:31:07 GMT A Chinese Gold Standard? - Kwasi Kwarteng http://implode-explode.com/viewnews/2014-07-25_AChineseGoldStandardKwasiKwarteng.html iehi-feed-54483 Fri, 25 Jul 2014 13:52:01 GMT Stalled recovery leaves Europe defenceless against economic shock from Russia http://implode-explode.com/viewnews/2014-07-25_StalledrecoveryleavesEuropedefencelessagainsteconomicshockfromRu.html iehi-feed-54482 Fri, 25 Jul 2014 13:47:22 GMT $200 per barrel oil if Russia sanctions escalate http://implode-explode.com/viewnews/2014-07-25_200perbarreloilifRussiasanctionsescalate.html iehi-feed-54481 Fri, 25 Jul 2014 13:46:24 GMT Meanwhile, Ukraine's Government Collapses, PM Yatsenyuk Resigns http://implode-explode.com/viewnews/2014-07-25_MeanwhileUkrainesGovernmentCollapsesPMYatsenyukResigns.html iehi-feed-54479 Fri, 25 Jul 2014 13:38:03 GMT Did PIMCO Push Cyprus Over The Edge? http://implode-explode.com/viewnews/2014-07-25_DidPIMCOPushCyprusOverTheEdge.html Over the last year, the island has been swept up by Watergate-style hearings with many of the principal actors in the economy's collapse and subsequent rescue. Beyond the calumny and conspiracy theories, one question has persisted: Did Pimco succumb to pressure from the central bank and the three bodies lending money to Cyprus -- the International Monetary Fund, the European Central Bank and European Commission -- to punish the banks by inflating their cash needs?... Some economists believe that the country's depositors, many of whom lost their life savings, suffered needlessly.

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The basis for the criticism comes from an unusual source: a separate BlackRock study commissioned by the Cypriot central bank shortly before Pimco issued its report. The central bank chief, voicing concerns over Pimco's models and its approach, asked BlackRock, the world's largest investor, to dissect the work of its rival.

The BlackRock study, which has never been publicly released and was reviewed by The New York Times, suggests that the banks' needs were €1 billion less than Pimco's estimate of €8.8 billion; central bank officials did not brief the new Cypriot government on the report's existence at the time of bailout negotiations in March 2013. Government investigators, who have continued to delve into the matter, say capital requirements were even lower, just over €6 billion.

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iehi-feed-54478 Fri, 25 Jul 2014 13:35:07 GMT Slower Japan Inflation Highlights BOJ's Reflation Task http://implode-explode.com/viewnews/2014-07-25_SlowerJapanInflationHighlightsBOJsReflationTask.html iehi-feed-54477 Fri, 25 Jul 2014 13:32:01 GMT MORICI: Yellen's denials of rising inflation http://implode-explode.com/viewnews/2014-07-25_MORICIYellensdenialsofrisinginflation.html iehi-feed-54476 Fri, 25 Jul 2014 13:28:34 GMT Calpers, other pension funds pull back from hedge funds http://implode-explode.com/viewnews/2014-07-25_Calpersotherpensionfundspullbackfromhedgefunds.html iehi-feed-54475 Fri, 25 Jul 2014 13:15:39 GMT The Muddled Case of Argentine Bonds http://implode-explode.com/viewnews/2014-07-25_TheMuddledCaseofArgentineBonds.html iehi-feed-54473 Fri, 25 Jul 2014 13:03:11 GMT The Coming Slump - Alasdair MacLeod http://implode-explode.com/viewnews/2014-07-25_TheComingSlumpAlasdairMacLeod.html iehi-feed-54471 Thu, 24 Jul 2014 15:30:31 GMT The "Gates" Are Closing: SEC Passes Money Market Reform http://implode-explode.com/viewnews/2014-07-24_TheGatesAreClosingSECPassesMoneyMarketReform.html