Female Genitalia That Is Tattooed

Erika de Nardo is beautiful, intelligent, with a degree in literature and well known. When released from prison will have an adventure in front of you and potentially rosy gold. As a part of it makes me pleasure, because Erika is certainly a person "outside the norm", the other can not help but wonder whether it is right that a girl who killed her mother and, especially, the little brother 4 year old still has the right to live their life carefree and productively. Of course, the years in prison if he is done and she was good to draw as much advantage as possible, study and application to a three-year degree to another without the distractions that have characterized the existence if it had been out. Perhaps the only thing really unfair is the status of "almost celebrity" where even his degree examination should be front-page Courier online . On the other hand we know that by killing you become famous. My favorite movie, Natural Born Killers, has demonstrated many years ago (in 1994). Yet they had not killed his innocent brother.

What Are The Chanes Of World War 3

4,000,000,000,000


The following article appeared in the blog of economist Nouriel Roubini over a week ago (April 10) and, as you can read, already anticipated with reasonable certainty, the IMF's new estimate of 4 trillion dollars in total losses (which, if only for the immense amount of money it we are talking about, it certainly can not exclude a priori a global economic meltdown)

At this point I would like to understand why this information was reported by Corriere.it only today (April 21) and especially why it has been reported exactly two days after Economy Minister Giulio Tremonti has made the following statement: "Finished the nightmare of bags: no longer thinks a collapse of global finance, people have heaved a sigh of relief. " While Marcegaglia, president of Confindustria, weighed in: "crisis, the worst is over in July will be reversed" . And sure enough, after their statements, European stock indexes fell. Now, as the IMF estimated semiapocalittica (who reviewed the data loss from 2.2 to 4 trillion U.S. dollars) was virtually in the public domain for 10 days, there are two possibilities: either the two chief representatives of the Italian economy Two morons or they are liars with a hidden agenda.

is the first part of the article by Roubini translated into Italian:

A year ago, this author had predicted that the losses of financial institutions would be at least 1 trillion dollars and up to 2 trillion dollars. At the time these estimates were considered grossly exaggerated by the naïve optimists had in mind that figures of around 200 billion dollars in losses tied to subprime mortgages. But as we have already pointed out in this forum, the losses have rapidly expanded beyond subprime loans with the U.S. economy is mired in a devastating economic crisis and a bad recession. It was therefore accepted that we would have seen mounting losses on subprime, near prime and prime, real estate and commercial credit cards, auto loans, academic loans, industrial loans and commercial, corporate bonds, sovereign bonds, bonds of state and municipal bonds, in addition to substantial losses on all assets (CDOs, CLOs, ABS and all derivatives of the alphabet).

Then, within a few months, the IMF has come to estimate loss of $ 945 billion, a figure later revised to 1.4 trillion and 2.2 trillion for the beginning of 2009. And at the end of 2008, bank losses had already exceeded 1 trillion (our initial estimate) But if you think that 2.2 trillion was already a huge figure, the new estimates of RGE Monitor published in January 2009 suggested that the total losses loans issued by banks and the consequent drop in market value of their assets would have been negative peak at 3.6 trillion dollars (1.6 trillion to 2 trillion for loans and securities). Banks and brokers Americans are exposed to half this amount, 1.8 trillion dollars. The rest belongs to other financial institutions in the U.S. and abroad. Capital to support the bank was 1.4 Assett tirliardi dollars last fall, leaving the USA discovered 400 billion dollars. So you need additional 1.4 trillion dollars to restore the banks to pre-crisis level and solve the credit crunch by restoring the credit for the private sector.

These figures suggest that the U.S. banking system is almost made insolvent as a whole. This does not mean that all or even most of the institutions are insolvent but many of them it will be - the negative peak - with great shortcomings in the capital. Certainly time will heal many wounds and the cost of borrowing at zero and the growth of net interest margins, banks will be able to rebuilt their capital a little at a time despite the heavy losses due to the repricing of loans and securities. But some institutions are so damaged that fail to recover despite the favorable conditions.

* Note that the difference between the estimate of 3.6 billion to 2.2 billion EJN and the IMF although both have used the same analytical approach is due to the fact that the IMF has looked only at the rate of delinquency on debts while EJN has examined the situation by taking into account the whole scenario of the U.S. economy (decline, decline in house prices, increased unemployment).

But now it has been reported that the IMF will review the estimate of credit losses to 4 trillion dollars. This estimate is 3.1 trillion losses arising from loans and assets of American institutions, while 0.9 trillion losses are originated from European and Asian institutions. Since the estimates of GERD are related to losses arising from American institutions, the comparison should be done on the estimation of 3.6 billion to 3.1 billion EJN and the IMF. At this point, the IMF estimates and RGE are converging towards a similar figure.

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THE SPIRAL OF THE DEBT

After the crisis of the financial bubble and the subprime mortgage-related derivatives, after the crisis of the housing bubble, after the subsequent crisis and equity in economic crisis, many economists and analysts think (and fear) that the next wave of financial tsunami, especially in the U.S. and the UK, will be due to the credit crisis, understood as the crisis caused by the insolvency, consumer credit cards.

The investment bank JP Morgan Chase, while reporting the overall results higher than forecast last quarter, had allocated 10 billion dollars to cover the expected defaults on credit cards - double what had allocated the previous year - and warned that if the economy worsens, the sum could be even higher.

Anyone who has lived several years in America or England, I guarantee you, would you say (sarcastically): "But are you?" I would say because they would know very well how indebted Americans and British with credit cards and how this system could be maintained only through the continued growth of the economy, wages and income.

For example: In 1994 a young boy in the first year of college receives a credit card with a line of credit of $ 500. Knowing (because it comes from a relatively educated) that credit cards are potentially dangerous, is intended not to use it except in situations of absolute necessity. So, for the years of college, where it is retained by the parents, and uses little responsibly, paying full and on time each month the amount borrowed.

Through its computer system manager of a credit card identifies the boy as a responsible borrower, and without having received the request, increasing the credit line to $ 1,000. The boy feels honored for his involves judgments and more sure of his ability to manage credit. So start using it more often, it's a bit 'over expenditure but always pay on time (although not always the full amount and always more than the minimum required.)

Meanwhile, the boy graduated. Looking for a job that pays enough to cover rent, car, and a few extras. Its turnover, however, greatly increases (by revenue equal to 0, on the other hand, any increase is exponential). For convenience, pay some bills automatically by credit card, but then is always on time with the monthly payment. Do you feel safe and claims that the limit cost is raised further. Since it uses the card regularly and pay on time for some years now, the card company raises its credit line to $ 3,600.

The guy works, earns money and wants to have things that demonstrate your ability to earn. He is constantly surrounded by beautiful things that they call the shop windows and billboards through the machinery, powerful computers, televisions giants, DVD players. So every time you buy something with your credit card. So now earns nearly $ 2,000 a month and a payment of $ 100 did not even hear. He needs a computer, a monitor, a printer, a nice TV, a phone, an MP3 player, an air conditioner. All things you can afford and then buy with your credit card, so do not feel the "pain" to spend hard-earned money.

One day, a new credit card company, determined to set an aggressive strategy to take market share from more established rivals, gets its data and forward it's a brand new credit card with a limit of $ 10,000 and an annual interest rate for the first six months of 0.0%. Once again, the guy feels rewarded for his responsibilities. Also feel a new sensation not altogether unpleasant feel rich. If you wish, tomorrow it could go into a shop and spend $ 10,000. But of course, would never do that, because he's a great guy, intelligent and responsible.

But one day his old car breaks down. He has some money put aside but do not want to spend it because he needs in case of real emergencies. Since many people buy a car in installments he decides to do the same, only half of its income is in black and not being hired for an indefinite period would never get a loan, without proper payment. So she gets her credit card without looking at anyone puts down 8,000 of $ 12,000 he needs. The rest is a breeze to get a loan from a bank of car dealer friend.

Covers rate with ease. The minimum would be $ 160 for a credit card and about $ 50 for the bank loan. He also often pays twice and its credit rating increases. Increases even notice it so much that other banks holding credit cards. One of these sends a credit card to be activated with a credit line of $ 13,500 and an annual interest rate of 0.0% for the first six months. The boy, who is not stupid, he knows that by transferring the debt of the other credit card (that a month will have an annual interest rate of 14.9%) and the bank loan would save significantly (at least for six months) and is activated immediately to transfer the total the new card.

The system of "credit rating" identifies then as an "agent" with the ability to make individual payments for more than $ 10,000 and further enhances its status. He himself, driving a new car, feels much more wealthy and entitled to a lifestyle more suited to his new status. Calls for new credit cards and get, especially for consumer credit. Even though his salary remained unchanged, its purchasing power is approaching now at $ 35,000.

Meanwhile his old TV is good because it came out as flat patterns. Her computer is old and can not even surfing the net. Every day new movies come out, new music and new video games. And then he had always wanted a motorcycle. All in all pay two installments, or pay $ 400 one is the same thing ... more than 400 dollars a month it is. So it gives some whim, without exaggeration. But without the proper motion can no longer live ...

Buying new things is the best thing there is, as soon as they buy. A week later, however, the sense of wellbeing is fading and he can not shake off the feeling that something is missing. He decides to take a trip abroad, in Europe, to find some college friends and new roads. He's away for two months and when he returns there is little money in the bank, two months of back rent, three monthly car insurance, three stages for each credit card, three-month bills, two parking tickets and the car breaks down.

The boy is not stupid. Knows that he has chosen. Calls to other banks and get new credit cards. Then it gets all the credit was transferred to his bank account and fled, leaving behind a hole accumulated $ 50,000 in 7 years.

This is what happens in 7 years at a smart guy, educated on average that starts from a credit line of $ 500. Now let us imagine what would happen in 7 years to a less educated man, who, a thousand labors, managed to get a mortgage of $ 150,000 to buy a house and that, shortly after the first monthly payments on time, receive credit cards with a credit line equal to three times ... Or a small industry that detects a small company with a loan of $ 500,000 ... All goes well until the home continues to increase in value, since there is so much work that pays well, until there is demand for products and labor ... Until the bubble bursts.