LEAP/E2020 Press Review on the Global Systemic Crisis

GLOBAL SYSTEMIC CRISIS In This Issue: •  GEAB N°71 is available! United States, March-June 2013 – Unpluggig the world's sick man: last impact phase of the global systemic crisis •  'Too big to fail' banks must be broken up - Fed official •  Penalizing the real estate market through an increase in interest rates in 2013? •  Simor Says Hungary Monetary Stimulus Would Damage Economy •  Japan Learned to Love Deflation in Wage Malaise Facing BOJ •  Qantas cancels Boeing 787 Dreamliner order •  US general says Britain risks 'special relationship' if it cuts military •  MEPs agree credit rating agency crackdown •  Et si Assad était en fait en train de gagner en Syrie ? •  Life in the Red •  L'intervention militaire au Mali: les mauvais souvenirs des Américains •  The Cost of America's Crumbling Roads and Bridges •  BOE's King Warns on Search for Yield •  Flag Riots in Northern Ireland: Grim Prospects Drive Youth to Sectarian Violence •  Stock Markets Warm to Regulator's Comments on Foreign Capital •  401(k) breaches undermining retirement security for millions Featured Links •  LEAP / Europe 2020 •  GlobalEurope Anticipation Bulletin (website) •  Global systemic crisis - All our selected news •  GlobalEurope Press Review (NM blog) •  FEFAP •  Anticipolis GEAB N°71 is available! United States, March-June 2013 – Unpluggig the world's sick man: last impact phase of the global systemic crisis We had underestimated the decanting period's duration which we have gone through for more than four years, a period during which all the crisis' players have worked to a common goal, to gain time: the United States, whilst making every effort to prevent the appearance of alternative solutions to the dollar, in spite of the catastrophic situation of all its systemic fundamentals, to prevent its creditors from abandoning it (discrediting other currencies including the Yen from now on, tenacity against the attempts to disconnect oil from the dollar, etc…); the rest of the world, in setting up skilful strategies consisting of maintaining its assistance towards the United States to avoid a sudden collapse from which it would be the first to suffer, and at the same time constructing alternative and of decoupling solutions... LEAP/E2020 - Public announcement GEAB N°71 (16 January 2013) 'Too big to fail' banks must be broken up - Fed official US "megabanks" with large toxic assets accumulated during the crisis should be split into smaller units, according to a senior Fed official. Thus they won't be able to use the "too big to fail" excuse to get another government bailout... RT Penalizing the real estate market through an increase in interest rates in 2013? We have seen that the fall in interest rates for real estate loans as well as their increase in duration could explain between 20% and 30% of the rise in prices since they increased households' buying power by about 50%. Of course, the opposite also applies: a rise in interest rates and a fall in loan duration reduce their purchasing power. Unfortunately, everything indicates an increase in the cost of short-term credit (beginning 2013) as we now analyze... Anticipolis Simor Says Hungary Monetary Stimulus Would Damage Economy The Hungarian Cabinet pushing through a plan to boost growth through monetary stimulus under a new central bank chief would damage the economy, outgoing Magyar Nemzeti Bank President Andras Simor said... Bloomberg Japan Learned to Love Deflation in Wage Malaise Facing BOJ A decade and a half after Japan slumped into deflation, the central bank is set to signal its strongest effort yet to reverse the trend. The biggest challenge may be that the nation has come to rely on falling prices... Bloomberg Qantas cancels Boeing 787 Dreamliner order Qantas Airways Ltd. has cancelled an order for one of Boeing Co.'s BA +1.24% 787 Dreamliners amid uncertainty over the growth prospects of its Jestar unit's long-haul business. The 14 other Dreamliners Qantas has on order will touch down in Australia from id-2013 as part of the airline's upgrade to its low-cost business, the carrier said in a statement Friday... Market Watch US general says Britain risks 'special relationship' if it cuts military Germany's finance minister Wolfgang Schaeuble has said that the problem of high indebtedness is not limited to the crisis-hit eurozone and that the situation in Britain and the US is worse. .. The Telegraph MEPs agree credit rating agency crackdown The European Parliament on Wednesday (16 January) voted in favour of a cross-party compromise text agreed in November which is aimed at preventing conflicts of interest, increasing competition, and reducing the reliance of businesses and governments on credit ratings... EUObserver Et si Assad était en fait en train de gagner en Syrie ? Contrairement à ce que laisse penser une partie de la presse occidentale, le régime de Bachar Al Assad est loin d'être au bord du gouffre, tant sur le plan politique que militaire. Malgré de réelles difficultés, le pouvoir en place réussit peu à peu à se poser dans l'opinion comme le seul rempart crédible contre l'ingérence étrangère et l'instauration d'un état islamique... Atlantico Life in the Red The belt-tightening was the easy part. Cancel the cable. Skip the air conditioners. Ration the cellphone, unplug the wireless Internet, cook rice and beans — done, and done. The larger problem for LaKeisha Tuggle, 33, who had lost her public relations job, was cash flow... New York Times L'intervention militaire au Mali: les mauvais souvenirs des Américains Pendant plusieurs années et jusqu'en mars 2012, des officiers et des membres des forces spéciales américains ont entraîné des militaires locaux. Ainsi, ces derniers devaient apprendre comment protéger la population civile, comment éliminer des terroristes ou encore comment contrer le plus tôt possible des frappes venues de l'intérieur. Pourtant, cette approche s'est soldée par un échec : certains militaires maliens d'origine touarègue ont fait défection et ont rejoint les jihadistes avec armes, bagages et savoir militaire acquis... RFI The Cost of America's Crumbling Roads and Bridges The decrepit state of the nation's infrastructure will knock more than $3 trillion off the nation's gross domestic product through the end of the decade if more money isn't spent to upgrade the country's roads, bridges, airports and ports, according to a new report from the American Society of Civil Engineers... CNBC BOE's King Warns on Search for Yield Bank of England Governor Mervyn King on Tuesday sounded a fresh warning about the global economy, saying the "search for yield" that previously drove investors into unsafe assets and triggered a financial crisis may be beginning again... Wall Street Journal Flag Riots in Northern Ireland: Grim Prospects Drive Youth to Sectarian Violence The violent flag riots in Belfast have shown just how delicate relations between sectarian groups in the British province remain. They also reveal the frustrations of a generation that has grown up feeling misunderstood and disadvantaged... Der Spiegel Stock Markets Warm to Regulator's Comments on Foreign Capital China's stock markets rallied on remarks from the securities regulator, who implied significant changes to the cross-border securities investment mechanism that may dramatically increase the amount of capital foreign investors can use to trade Chinese stocks... Caixin 401(k) breaches undermining retirement security for millions A large and growing share of American workers are tapping their retirement savings accounts for non-retirement needs, raising broad questions about the effectiveness of one of the most important savings vehicles for old age... Washington Post This special Press Review reviews articles from the French and Engligh-speaking international online media relating to the unfolding global crisis. It is delivered freely on a weekly basis to 60,000 recipients worldwide. Subscription / Contact: centre@europe2020.org To unsubscribe: click below