The phrase “too big to fail, too big to save” in this case comes from an essay in Der Spiegel by Henrik Enderlein which says that the time to act is now, but also says that all the options available for action will fail. I take it he’s saying that Italy must take ownership for its debt, but Germans must also stand in solidarity or the speculators on the demise of the euro will have a field day.
The article by Der Spiegel staff Italy’s New Government Is Bad News for the Euro is pessimistic. Continue reading Italy: too big to fail, too big to save
1. CSL and Cochlear say ‘show us the money’
Or at least show a bit of interest.
Here they have to chase government, whereas other countries, such as Singapore and Ireland:
“actively come out and court companies like ours” with a unified package of incentives and benefits, he said. These could include a lower headline tax rate, and other financial concessions or benefits in exchange for specified investment, jobs and revenue outcomes from biotech and technology.
Continue reading Saturday salon 2/6
1. 39,000 lightning strikes
We had 39,000 lightning strikes in one storm the other day. Apparently more than a million in the first six days of summer if you count cloud-to-cloud strikes.
Nothing too unusual about all that if you’ve lived in these parts for a while. Continue reading Saturday salon 10/12
1. Kazakhstan beats us in maths and science
Kazakhstan has beaten us in maths and science taught in schools – again. We should be aware that Kazakhstan was the home of the Soviet space program, as well as the apple, and has a futuristic capital designed by a Japanese architect:
Continue reading Saturday salon 3/12: late edition
AUSTRALIA’S lofty status as the world’s second richest nation remains intact, new figures reveal, despite household wealth stalling this year.
In the seventh annual Global Wealth Report from Swiss bank Credit Suisse, the “lucky country” posted an average wealth of $US375,600 ($508,900) for every Australian, second only to banking hotbed Switzerland, with an average net worth of $US562,000.
Continue reading Saturday salon 26/11