[33778] in SIPB IPv6
Find Someone Special in Your Area on eHarmony
daemon@ATHENA.MIT.EDU (eHarmonyPartner)
Mon Aug 12 09:07:41 2013
Date: Sun, 11 Aug 2013 23:07:41 -0700
To: sipbv6-mtg@charon2.mit.edu
From: "eHarmonyPartner" <eHarmonyPartner@skiershaogade.info>
Reply-To: <bounce-73800431@skiershaogade.info>
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rowing costs as long as they first ask
for help from the eurozone's bailout fund.The purchases would lower borrowing
costs because they would drive up bond prices up and interest yields
down, since prices and yields move in opposite directions. Governments could
then take advantage of those lower yields when they sell bonds to
pay off old bonds that are coming due.The ECB has actually bought
no bonds under the offer. The mere fact that the offer exists,
however, affected the bond market and lowered borrowing costs for countries
such as Spain and Italy.CHEAP LOANS TO BANKS: The ECB made an
unlimited amount of cheap, three-year loans available to banks on two occasions.
In December 2011, 523 banks borrowed 489 billion euros ($608.17 billion)
and 800 banks borrowed 530 billion in a second operation in February
2012.The long duration of the loans gave banks security that they would
have the money they needed through 2015. It eliminated market fears
that one or more banks might collapse and thus made it easier
for banks to borrow money and function in support of the wider
economy.Some of the money is now being repaid by banks under a
provision that lets them give the money back after a year.EMERGENCY ASSISTANCE:
The ECB is allowing national central banks in troubled countries to make
emergency loans to banks that are not eligible to borrow from the
ECB's programs. That is because those banks don't have enough safe collateral
such as hig
FRANKFURT, Germany The European Central Bank and its president, Mario Draghi,
have played a key role in fighting the government debt crisis afflicting
the 17 European Union member countries that use the euro.The ECB is
the issuer of the euro currency and serves as the top monetary
authority for the eurozone and its 333 million people.Some of its key
steps have been:LOWER INTEREST RATES: The ECB has cut its key interest
rate four times since Draghi become president. This month the ECB lowered
the so-called main refinancing rate further by a quarter-point to a record
low of 0.5 percent.The refinancing rate is what the bank charges on
the credit it offers to eurozone banks and thereby influences interest rates
on the loans banks provide to each other, businesses and consumers. Theoretically,
a lower rate means cheaper borrowing costs and more incentive to borrow
money and expand a business. In practice, a slack economy has meant
weak demand for loans.UNLIMITED BOND BUYS: In 2012, high borrowing costs
were threatening to push indebted countries such as Italy and Spain into
a financial collapse that could have broken up the euro.Draghi took a
major step toward calming the eurozone crisis by announcing last year that
"within our mandate, the ECB is ready to do whatever it takes
to preserve the euro."The ECB followed through on Sept. 6 by offering
to purchase unlimited amounts of bonds issued by heavily indebted countries,
lowering their bor
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<p style="font-size:xx-small;">June 30, 2011: California Gov. Jerry Brown signs the state budget.APSACRAMENTO,
Calif. Gov. Jerry Brown announced Wednesday that he has signed legislation
expanding the ability of state agents to seize firearms from nearly 20,000
Californians who are not allowed to have them.They collectively own more
than 39,000 handguns and 1,670 assault weapons but are prohibited from owning
firearms because they have been convicted of crimes, ruled mentally unstable
or are subject to domestic violence restraining orders.The bill authorizes
$24 million for the state Department of Justice's Armed and Prohibited Persons
program. The money will go to hire more agents to confiscate the
weapons and reduce the backlog over the next three years.The program, which
is unique to California, cross-checks five databases to find people who
bought weapons they are no longer legally allowed to own.SB140 by Senator
Mark Leno, D-San Francisco, authorizes $24 million to hire more agents to
confiscate the weapons and reduce the backlog over the next three years.The
bill is the first of numerous firearms bills introduced by lawmakers in
response to recent mass shootings in Connecticut and Colorado. The Democratic
governor signed the bill without comment."California is leading the nation
in a common-sense effort to protect public safety," Attorney General Kamala
Harris, who oversees the state Department of Justice, said in a statement.U.S.
Rep. Mike Thompson, a Democrat f
This April 1, 2011 photo shows activist Ahmed Douma chanting slogans during
a march to Tahrir Square demanding prosecution of members of former President
Hosni Mubarak's regime in Cairo, Egypt. An Egyptian prosecutor says prominent
Douma was arrested and referred to a speedy trial for insulting the
countrys president in comments he made on TV, in the first such
case. Prosecutor Mohammed Tanikhi said Thursday, May 2, 2013 that Doumas
trial begins Sunday. He was arrested Tuesday after a Muslim Brotherhood
member complained that Douma called Morsi a killer and a criminal, blaming
him for a violent security crackdown on protesters in the coastal city
of Port Said that left 40 people killed. (AP Photo/Sarah Carr)The Associated
PressThis April 1, 2011 photo shows activist Ahmed Douma, left, during a
march to Tahrir Square demanding prosecution of members of former President
Hosni Mubarak's regime in Cairo, Egypt. An Egyptian prosecutor says prominent
Douma was arrested and referred to a speedy trial for insulting the
countrys president in comments he made on TV, in the first such
case. Prosecutor Mohammed Tanikhi said Thursday, May 2, 2013 that Doumas
trial begins Sunday. He was arrested Tuesday after a Muslim Brotherhood
member complained that Douma called Morsi a killer and a criminal, blaming
him for a violent security crackdown on protesters in the coastal city
of Port Said that left 40 people killed. (AP Photo/Sarah CarrThe Associated
Pr
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