28 June, 2015 by The TZ Newswire Staff Comments Off on Goldman Explains Who Gets Stuck With The Bill When Greece Leaves The Party
Goldman Explains Who Gets Stuck With The Bill When Greece Leaves The Party
Despite whatt clueless econo-hacks with long and wordy blog posts will have you believe, the entity that ends up footing the bill for a Grexit is one: the ECB. Goldman explains below, and for those strapped for time, here is the TL/DR version:
“More cynically, if a default of bank liabilities is inevitable, it may deem it better to ensure that domestic claimants on Greek banks switch into hard ‘convertible’ Euro banknotes (or offshore accounts), leaving the residual claimants (the ECB which has provided ELA funding) to take the loss.
28 June, 2015 by The TZ Newswire Staff Comments Off on Google Has Just Announced an Email Feature That Could Be Huge
Google Has Just Announced an Email Feature That Could Be Huge
The company has a new way for people and businesses to avoid giant mistakes.
28 June, 2015 by The TZ Newswire Staff Comments Off on Krawcheck’s makes bet on women, but lags market
Krawcheck’s makes bet on women, but lags market
Former Citigroup CFO Sallie Krawcheck is behind a mutual fund which only invests in companies where women have a big presence.
28 June, 2015 by The TZ Newswire Staff Comments Off on Why Jurassic World Was Destined to Be a Billion-Dollar Blockbuster
Why Jurassic World Was Destined to Be a Billion-Dollar Blockbuster
Appointment TV has given way to appointment movies, and theater operators are equipping for the shift.
28 June, 2015 by The TZ Newswire Staff Comments Off on Greek PM calls for bank closures, capital controls
Greek PM calls for bank closures, capital controls
Piraeus Bank Chief Executive Anthimos Thomopoulos said Sunday that Greek banks would not open on Monday.
28 June, 2015 by The TZ Newswire Staff Comments Off on The Test Of Central Bank Omnipotence May Be Upon Us
The Test Of Central Bank Omnipotence May Be Upon Us
Suddenly what was discounted as a potential “isolated event” has come full circle to show just how contagious it may very well be. e.g., Greece.
28 June, 2015 by The TZ Newswire Staff Comments Off on Video: SpaceX explosion delivers blow to Elon Musk’s ambitions
Video: SpaceX explosion delivers blow to Elon Musk’s ambitions
An unmanned SpaceX Falcon 9 rocket exploded on its way to the international space station on Sunday morning just minutes after taking off from Cape Canaveral in Florida.
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