On news todays:
http://thestar.com.my/news/story.asp?file=/2011/7/19/nation/9128960&sec=nation
NEW YORK: Malaysian women are ranked 16th most stressed in the world, according to a recent study.
The study, which researched the buying and other social behavioural patterns of women in 21 developing and emerging economies of the world, reveals that women all over the world feel stressed out, with women in the so-called emerging countries facing greater stress than women in developed countries.
India has the world’s most stressed women, says the study prepared by information and media company Nielsen....
Sha: Just imagine if the study also came out with a statement that Malaysian men were ranked 5th most happiest in the world....
Monday, July 18, 2011
Tuesday, July 5, 2011
Greece on SALE!!
Greece is in trouble as they needed more than US$200bn to pay bondholders starting this month. . How did they get here in this mess? The credit ratings agencies fiercely warned to place the nation on default list, and so the Greek scramble to avoid that. The dateline is just so soon, can't think of anything else but how to avoid the defaults.
Meanwhile, the Eurozone are so eager to help solving the mess. The french, the italian, and the german had to do it, for plenty of reasons. The rest of minorities in that economic zone sit on the sidelines, let the big boys play. The lenders are eager to help only because they have to save themselves. The big boys club perhaps hold the majority of Greek bonds and so they are most expose to the danger of the multiple defaults. Otherwise, come to think of it, the american the chinese and the japanese would have jumping in.
The austerity measures and the roll over features were introduced. The financial "aids" that comes to Greek are not cheap. One of the aids condition is Greece have to sell country's assets. It is so massive they should just put a sign "Greece on Sale" on the world map. Even then, it is still not enough to pay off the debts. I wonder if the word sovereign would give any meaning to any Greek after this. The roll over features only buys the time to prolonged the debts and increase its financing cost , hence dragged the problems longer, and not solving it. The debt woes is almost as if a never ending story.
Given the limited (and expensive) choices Greece have to solve its debt woes, do they really need to avoid the "default list"? What's worst thing to happen if they do? If they simply just dont have the money, would the bondholders send an army to seize Greece assets? To Greek, will it pays to give up your future, your sanctity and sovereignity over one grave mistake?
The bondholders should have known the risk they are taking when they bought the papers. I see there is no win-win situation in this. When the maturity dates come in, both sides could have just admit the defeat (loss) and start over.
Meanwhile, the Eurozone are so eager to help solving the mess. The french, the italian, and the german had to do it, for plenty of reasons. The rest of minorities in that economic zone sit on the sidelines, let the big boys play. The lenders are eager to help only because they have to save themselves. The big boys club perhaps hold the majority of Greek bonds and so they are most expose to the danger of the multiple defaults. Otherwise, come to think of it, the american the chinese and the japanese would have jumping in.
The austerity measures and the roll over features were introduced. The financial "aids" that comes to Greek are not cheap. One of the aids condition is Greece have to sell country's assets. It is so massive they should just put a sign "Greece on Sale" on the world map. Even then, it is still not enough to pay off the debts. I wonder if the word sovereign would give any meaning to any Greek after this. The roll over features only buys the time to prolonged the debts and increase its financing cost , hence dragged the problems longer, and not solving it. The debt woes is almost as if a never ending story.
Given the limited (and expensive) choices Greece have to solve its debt woes, do they really need to avoid the "default list"? What's worst thing to happen if they do? If they simply just dont have the money, would the bondholders send an army to seize Greece assets? To Greek, will it pays to give up your future, your sanctity and sovereignity over one grave mistake?
The bondholders should have known the risk they are taking when they bought the papers. I see there is no win-win situation in this. When the maturity dates come in, both sides could have just admit the defeat (loss) and start over.
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