Thursday, August 11, 2011

Gates of Vienna News Feed 8/11/2011

Gates of Vienna News Feed 8/11/2011The U.S. stock market recovered today, recouping yesterday’s losses. It closed up 420 points, or almost 4%. The Italian stock market experienced similar gains, and was also up 4%.

French President Nicolas Sarkozy, however, is concerned that his country may be sucked into the debt whirlpool. Alarmed by S&P’s downgrade of American debt, he has announced stringent new austerity measures in an effort to prevent the same thing from happening to France.

Meanwhile, the Swiss are concerned at the drastic increase of the value of the franc relative to other currencies. This is damaging to Swiss exports, so the central bank has decided to weaken the franc by “easing liquidity” — in other words, by printing more money.

To see the headlines and the articles, open the full news post.

Thanks to C. Cantoni, Gaia, Insubria, JP, Nick, Nilk, Rembrandt, and all the other tipsters who sent these in.

Caveat: Articles in the news feed are posted “as is”. Gates of Vienna cannot vouch for the authenticity or accuracy of the contents of any individual item posted here. We check each entry to make sure it is relatively interesting, not patently offensive, and at least superficially plausible. The link to the original is included with each item’s title. Further research and verification are left to the reader.


cellogig said...

Maybe the extensive original text he wrote in his own words(not the borrowed or plagiarized sources) were of his native tongue. Then used a free online translator service like google or babel fish for the final copy of manifesto.