Thursday, December 1, 2011

Merkel Shuns ECB Role in Favor of Budget Limits



--

 

German Chancellor Angela Merkel is set to snub investor pleas to back an expanded European Central Bank role in solving the debt crisis, as she pushes her demand for tighter economic ties in Europe as the only way forward.

In the days before a speech to German lawmakers tomorrow outlining her stance for a Dec. 9 European summit, Merkel has repeated her push to rework European Union rules to lock in budget monitoring and enforcement and seal off the ECB from political pressure. That risks a showdown with fellow EU leaders and extends her conflict with financial markets looking for immediate measures to end the contagion.

"The market is questioning Merkel's tough approach," Jacques Cailloux, chief European economist at Royal Bank of Scotland Group Plc in London, said by phone today. Investors want "clarity on what the framework will look like and what the financial bridge will look like" to fund euro-area governments and banks that need aid while fiscal ties are negotiated.

Merkel's refusal to deploy the ECB is a rebuff to President Barack Obama after he exhorted Europe's leaders to take more action to combat the crisis. The chancellor is loath to agree to follow the Federal Reserve and the Bank of England in policies she views as akin to fighting debt with more debt. Enlisting the ECB in battling the crisis would violate the central bank's independence and set it on a course of action that might not work, destroying its credibility.

'Damaging' Solution

The ECB is independent and must choose its own method of ensuring the euro's stability "without being praised or criticized" and states must protect that independence by improving their finances, the Westdeutsche Zeitung quoted Merkel as saying in an interview released today. The government sees joint euro bonds as "the wrong remedy in this phase of European development and even damaging," she told the newspaper.

More



Occupy L.A. Protesters Plan Smaller Camps at Banks, Country Clubs

 
LOS ANGELES (KTLA) -- With the 'Occupy L.A.' encampment at City Hall over, organizers say they will not be silenced and are planning future protests.

Organizers say more short-lived encampments might spring up at various locations, including banks, the homes of bank executives, or even golf courses and country clubs.

The leaders of 'Occupy L.A.' issued this statement on Wednesday:

"We call upon all sisters and brothers of the occupy movement to speak out against the use of intimidation, force and political power to break up peaceful occupations and repress or criminalize the exercise of our 1st Amendment rights."

A group of about 100 protesters have gathered at City Hall Wednesday evening. The protesters marched from Pershing Square to City Hall.

LAPD officers set up a skirmish line around City Hall as a precaution, but the protest was peaceful. Southbound Spring Street, however, was closed to traffic during the march.

Meantime, the National Lawyers Guild is calling for the immediate release of the nearly 300 protesters arrested in the police raid of Occupy L.A. early Wednesday morning.

The NLG says California law mandates that anyone charged with a misdemeanor be released with a written notice to appear.

NLG Board Member Carol Sobel condemned the action of the LAPD.

More

Clinton 'encouraged' by Burma reforms as she meets Aung San Suu Kyi



--

 
Hillary Clinton and Aung San Suu Kyi
Hillary Clinton and Aung San Suu Kyi met in Rangoon. Photograph: Saul Loeb/AP

Aung San Suu Kyi, the Burmese pro-democracy campaigner and Nobel prize winner, had dinner with US secretary of state Hillary Clinton on Thursday night in a diplomatic residence in the port city of Rangoon.

The extraordinary meeting came at the end of Clinton's first full day of her historic trip to the isolated south Asian state, the first by a top-ranking American official for more than 50 years.

Earlier she met the new president, Thein Sein, and senior officials in Naypyidaw, the country's recently constructed capital.

"I am here today because President Obama and myself are encouraged by the steps you and your government have taken to provide for your people," Clinton told Thein Sein as the two sat down for talks in the vast – and apparently largely empty – presidential palace.

Thein Sein, who has led a nominally civilian administration since March, welcomed Clinton on a visit he said would be a "milestone".

"Your excellency's visit will be a new chapter in relations," he said.

Clinton's trip comes after changes in Burma that have astonished many observers. Aung San Suu Kyi has been freed after more than 20 years of house arrest and prison, and tentative moves have been made to reduce censorship and create new laws permitting limited political demonstrations.

Last year saw parliamentary elections which, despite being rigged to give the pro-regime party a huge majority, were nonetheless welcomed by observers.

Though the military dominates most institutions and much of the economy, many senior figures believe Burma, currently under US and European Union sanctions, needs to reintegrate the international community, analysts say.

More

enough-is-enough-pakistan-u.s-rift-continues



--

 

(CBS/AP) 

Pakistan may discontinue its support of the U.S.-led war on terrorism if its sovereignty is violated again, a top official said Thursday in the latest sign of the country's continuing outrage over a deadly NATO airstrike on a Pakistani military outpost last week.

"Enough is enough. The government will not tolerate any incident of spilling even a single drop of any civilian or soldier's blood," Foreign Minister Hina Rabbani Khar told Pakistan lawmakers, according to The News newspaper.

"Pakistan's role in the war on terror must not be overlooked," Khar said.

Twenty-four Pakistani soldiers died Saturday after a joint U.S.-Afghan patrol called in an airstrike along the Afghanistan-Pakistan border. NATO is investigating the apparent friendly fire incident, but the two sides have differed over the sequence of events. The NATO force reported coming under fire before requesting the strike, and a preliminary U.S. military report suggests Taliban fighters may have lured the coalition patrol into the area.

Pakistan calls for change in partnership with U.S.
NATO: Pakistan cooperates in new border raid

Pakistani officials have insisted the attack was unprovoked. Officials also claim the strikes continued for two hours despite alerting NATO that it was targeting the outpost.

American and NATO officials have expressed sympathy over the deaths, saying the incident was a mistake. The border area is infested with militants, whom NATO has long complained receive safe haven on the Pakistan side to launch attacks in Afghanistan.

The border incident has greatly strengthened anti-American sentiment, reducing the political space for those who argue that cooperation with Washington is in the country's interest. The army, which has received billions of dollars in U.S. aid since 2001 in exchange for its cooperation, however limited, against militants, has fueled the hard line by accusing NATO of a "deliberate act of aggression."

More


Treasury announces new sanctions against Syria




 

On the heels of action taken by the Arab League, Turkey and European Union, the Treasury Department on Thursday announced new sanctions against Syria and urged more pressure against Bashar al-Assad's regime.

Treasury named Muhammad Makhluf, an uncle of Syrian President Bashar Al-Assad, and Aus Aslan, top general in the Syrian military. Under the terms of the sanctions, Americans are banned from any dealings with them.

"It has never been more critical to escalate pressure on the Syrian government to immediately cease all violence against its own people and isolate the regime from the international financial system," David Cohen, Treasury's undersecretary for terrorism and financial intelligence, said in a statement. "We will continue to work closely with our partners in Europe and around the world to hasten a transition to democracy in Syria."

Treasury also listed the Military Housing Establishment as a Syrian government-controlled company that provides financing to the regime and Real Estate Bank, which handles borrowing for the government.

The Treasury Department sanctions come one day after Turkey announced a freeze on Syrian assets in Turkey and a ban on transactions with the Syrian central bank. The EU and Arab League also levied a series of sanctions against Damascus earlier this week.

More



How to Earn a Passive Income with NeoBux People are making $45 a day under 5 mins Try It now



How to Earn a Passive Income with NeoBux People are making $45 a day under 5 mins Try It now

Since I joined NeoBux a few months ago, I have tried many strategies to increase my earnings from the site. Having only been using this strategy for the last 3 months, I am not rich, but I have seen a great increase in my earnings every day. The person that taught me this strategy is at the point of consistently earning $45+ dollars each day. What follows below is what I consider to be the best strategy to go from $0 a day to earning a minimum of $30 per day, with absolutely no out-of-pocket expense, in the shortest amount of time possible.

I will say this, if you can afford to invest a few dollars near the beginning like I have, you will get to your goal much faster. At any point during the process, you can "inject" a little money to help you reach the next step faster. The important part is becoming a Golden member and then an Ultimate member.

The key to making good money with NeoBux is with referrals. Of course, the more you have, the quicker you will earn money. Since referrals at Neobux are rented, lots of people fail because they simply rent, rent, rent and don't think about saving some money to renew their current referrals at the end of their rent cycle.

The referrals at NeoBux are actual people (not BOTS like most other PTC sites) and cost $0.25 a month each. Most of them will be active but some won't. You have the option to recycle a non-active referral for an active one for a $0.07 fee. Recycling can add up so don't overdo it.

Your mission is to eventually become an "Ultimate" member and have 4199 referrals. Both strategies will get you there but spending a little up front will get you there much faster and earn you thousands of dollars more over that time. Now remember, patience is key. Rome wasn't built in a day and you won't be making $30/day within a month.

The Best NeoBux Strategy

Step 1:
Create a new NeoBux account. Choose a time each day that you will click all your ads. Try to click everyday at the same time, if possible. You MUST click all of the yellow colored ads to receive credit for your referrals clicks. If you miss a day, you will not get credit for any clicks made by your referrals that day.
Optional: Install the AdAlert extension to your browser. It will let you know when there are new ads to click trough-out the day. This is a great way to increase your earnings.

Step 2:
Once you reach $3 in your main balance, transfer that money to your rental balance. (Note: Do not make the mistake of renting referrals when you have $0.75 like most people do. Yes, you can rent 3 referrals but you won't have the money to maintain them after they expire. Wait until you have $3.) Yes it may take some time to get to $3 on your own but you will then have enough to keep your new referrals and recycle inactive ones.

Step 3:
With $3 in your rental balance, rent 3 referrals. At this point, turn on Autopay (you'll find this option at the top of the page where your referrals are listed). Rented referrals cost $0.25 a month to maintain. Instead of you paying for the referral, they pay for themselves as long as you have Autopay activated. You basically get one less penny from each referral, but they'll be your referral as long as they remain active.

Tip: Fight the urge to cashout for now. When you request payment (with as little as $2 in your main balance), you get paid instantly. Naturally most people want to do this to make sure NeoBux is legit but I'm here to tell you it definitely is! If you still want to try it, go ahead but just once.

Step 4:
Continue to rent referrals in increments of 3 whenever you reach $3 in your account. As you earn more money, you can rent in higher increments. Once you have 300 referrals, quit renting and just maintain the ones you have.

Step 5:
Once your main balance gets to $100, use $90 of it to buy the Golden upgrade. Your referrals will immediately start earning you 1 cent per click instead of the normal ½ cent as a Standard member. You will now see your earnings at NeoBux start to double.

Step 6:
Start renting new referrals again while ensuring you have enough money to renew and recycle your current referrals. Once you reach 1200 referrals, stop renting, focus on maintaining and build up your balance.

Step 7:
As soon as you have enough money to do so, buy the Ultimate membership. The Ultimate membership is expensive but has impressive benefits. The best feature is the 7-day auto-recycle policy. If any referral is inactive for 7 days in a row, the system will automatically recycle them with an active referral. Once you are Ultimate, I would recommend that you stop manual recycling altogether. In addition, your personal clicks now are worth 2 cents, you are guaranteed at least 15 ads to click daily, you are allowed 30 "vacation" days where you will still make money from your referrals even if you don't click any ads that day, and it includes several other benefits.

Step 8:
Once you are an Ultimate member, continue renting referrals until you reach between 4000-4199 referrals. At that point, stop renting, turn off autopay and begin renewing your referrals for 90, 150, or 240 days at a time. The longer the amount of time, the larger the discount is to renew. Again, think long term. Renewing for 240 days at a time will cost you more up front but with a 30% discount compared to autopay's 15% discount, your earnings will be much bigger over a 240 day period.



Cashing Out

The absolute best time to cashout is when you are making a decent income with 4000+ referrals but lots of people don't have the patience to wait that long. The earliest I would recommend to cashout is when you become a Golden member. Just keep in mind that the faster you get to 4000+ referrals, the more money you will earn over time.

Tips:

  • You can boost your NeoBux earnings by obtaining direct referrals using the referral link provided to you after 30 days. These are people that sign up under you and have absolutely no cost. They continue to earn for you as long as they remain active. NeoBux recently re-introduced commissions from direct referrals. Read the NeoBux forums to learn more.
  • It will seem like it's going to take forever to earn money but it's only 5 minutes a day of work and you will really begin to see amazing progress as you start getting referrals.
  • Most importantly, be patient. Yes, there's that word again. Stick with it and you will be earning a tremendous passive income every day, quicker than you think. Good luck!
  • Bookmark this page so you can refer back to the strategy whenever needed.




--