Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-56820 Wed, 27 May 2015 17:26:10 GMT Copper Thieves Strip NYC's A Train Cables, Creating Hellish Commute iehi-feed-56819 Wed, 27 May 2015 15:18:31 GMT Texas Senate Passes Bill to Establish Bullion Depository, Facilitate Transactions in Gold and Silver iehi-feed-56818 Wed, 27 May 2015 15:03:23 GMT IMF: China's currency 'no longer undervalued,' Snubbing U.S., clearing entry into SDR iehi-feed-56817 Wed, 27 May 2015 15:00:22 GMT JPMorgan's Guilty Plea Puts Wealth Unit in Spot With Regulators iehi-feed-56816 Wed, 27 May 2015 14:59:25 GMT Goldman: Demographics Mean Developed World Debt-Driven Model is Dead iehi-feed-56815 Wed, 27 May 2015 14:18:32 GMT Germany sees progress on Greece, EU officials to confer on Thursday iehi-feed-56813 Tue, 26 May 2015 22:42:58 GMT Stocks tumble as Dow falls nearly 200 points, Rate Hike Fears Return Four Fed banks renewed call for discount rate hike -minutes.]]> iehi-feed-56811 Tue, 26 May 2015 20:09:59 GMT Bank of Greence "Printing its Own Euros" -- Source iehi-feed-56808 Tue, 26 May 2015 15:54:58 GMT Bond Traders Uncover Secret to Rates That Fed Doesn't Get iehi-feed-56807 Tue, 26 May 2015 15:53:32 GMT New home sales, prices rise strongly in April, on Midwest Strength iehi-feed-56806 Tue, 26 May 2015 14:58:47 GMT Yannis Varoufakis: Austerity Is the Only Deal-Breaker iehi-feed-56805 Tue, 26 May 2015 14:58:09 GMT With Money Drying Up, Greece Is All but Bankrupt Some 89 percent of Greece's €6.5 billion investment budget is majority financed by Europe, meaning the government is paid back shortly after each outlay. Through the worst days of austerity, Mr. Bakoyannis explains, these investments -- highways, bridges and ports, for example -- had continued, as the government always knew it would be paid back in weeks. Since April 30, he says, the liquidity crisis in Athens has forced the government to stop payment on these initiatives as well, the first time in his memory that that has happened.

"These projects are our lifeline," said Mr. Bakoyannis, who has seen his infrastructure budget cut to €12 million from €65 million in the past four years. "It's not about Keynesian politics anymore -- it's about finding enough money to repair a simple road."''

See also Greek PM convenes emergency meeting of his bailout negotiation team as default looms; Poll: only 1/3rd of Greeks support negotiating strategy.

iehi-feed-56804 Mon, 25 May 2015 18:15:33 GMT "War is just a Racket" - Maj. Gen. Smedley Butler iehi-feed-56803 Mon, 25 May 2015 15:17:07 GMT Stockman on Central Bank "Coup D'Etat" iehi-feed-56802 Mon, 25 May 2015 15:13:23 GMT Did China Just Launch World's Biggest Spending Plan? iehi-feed-56801 Mon, 25 May 2015 14:59:45 GMT Where Is This Housing Rebound? | Alhambra Investment Partners iehi-feed-56800 Mon, 25 May 2015 14:58:10 GMT Barclays facing explosive allegations it engineered computer systems to rig financial markets iehi-feed-56799 Mon, 25 May 2015 14:56:42 GMT CME developing European gold futures contract: sources iehi-feed-56798 Mon, 25 May 2015 03:07:15 GMT America's disappointing economic recovery iehi-feed-56795 Sun, 24 May 2015 19:42:14 GMT Greece Hasn't Got The Money To Make June IMF Repayment, Interior Minister Says