25.08.2011

switzerland agrees w/ UK 2 tax secret bank accounts, safe haven banking officially over while law on secret banking still valid. genius 2 avoid class actions.secrecy fails only when there is an emergency situation like w/ ubs failure where Mr haltiner handed data of ubs clients 4 the sake of nation and in disregard of state of rule . I propose 2 make Haltiner a national hero unlike that scoundrel of a captain who let jews in during the IIWW and was called traitor or more recently Chritopher Meili, a security clerk who handed over bank details of lost accounts from persecuted jews and had himself 2 seek refuge in the USA given criminal persecution @ home. These are the contradictions of secret banking law in Switzerland. A real cucoo country

after Bundesbank President, Germany's president joins critics of purchase of italy and spain debt by frankfurt based ecb. confusion and undecisiveness continue, geithner leit motif shock and awe turns in2 wagnerian drama flirting w/ tragedy.

QE3 not worth if leveraged creditors do not invest . question: to cut or not 2 cut? Denmark is at the forefront w/ 2d public spending program. lack of coordinated answer by industriual countries may make things worst.

u dont need to be big to be a mulitnational, on micro enteprising

hp restructuring vs Louis Gestner IBM " who says we cant be elephants", HPQ Apotheker no conservative, schumpeterian revolution instead w/ stock losing 20%, baffled analysts by sudden mature hardware unit spin off, happy consultants and investment bankers . lots of articles.

uk and eurozone bond , they may benefit themselves while supporting it. at critical moment, time 4 bold decisions in europe but as j mackintosh argues inflation fear stucks germany in2 statuquo. I quote: " But Britain’s economy and financial system are inextricably linked to the eurozone and there is little sign that without a dramatic intervention, the single currency area will avoid a nasty mess. Britain prides itself on coming to the aid of continental Europe at times of crisis. Now is one of those moments. With a proposal for Britain’s limited involvement in eurobonds, Mr Osborne has the chance to demonstrate leadership. Anything less and he will be as culpable for a double-dip as anyone"

jpy appreciates while moody downgrades its debt rating, opposite outcome than w/ usa downgrade

s&p new ceo affable and at ease w regulators, precious japanese regulators experience@ citibank

nokia, usd 40 bio spent in r&d , comes up w new symbian os, positive analysts review, will they really phase it out in favor of windows? I bet they will keep their options open depending on msft strategy