Living up to its name: the Black Sea
courtesy of Senpai MD
The crazy world we live in
Source: Greece austerity bill
Let's do the math:
: 200m + 333m + 333m + 333m = 1.199 billion Euro
: 310m + 1.810b = 2.120 billion Euro
"Politics by the people, for the people"
2012: off to a bad start
Baltic Dry Index
Lower freight rates = lower demand for commodities.
Lower demand for commodities = lower levels of economic activity.
Lower levels of economic activity = lower income (and that's enough to make us all unhappy!)
Giving "credit" where "credit" is due
Hats off to the British for performing this "Sircumcision"!
Will the other civilized countries follow suit?