Spain Prime Minister Begs EC For Reforms, Says "Situation Is Worsening Rapidly..." "The Euro Is At Risk"

Mariano Rajoy, Spain PM

Last week, a few days before Spain's bailout was announced, Spain's Prime Minister Mariano Rajoy sent an urgent letter to the head of the European Commission saying that the Eurozone was headed for a train wreck and urging immediate reform, El Mundo reports.

The letter calls for radical changes in the structure of the EU, all aimed at tighter fiscal integration.

(This is one of the only two permanent solutions in Europe. The other is breaking up the currency union.)

The reforms Rajoy proposes, which include a Euro area tax authority, are radical and would presumably take years to implement.

El Mundo (via Google Translate):

The tone of the letter is pressing with phrases like: "The situation is worsening rapidly, and we must address it as soon as possible" or "the euro is at risk, we need to act decisively to national and EU level to address a situation where the outcome is unpredictable."...

Rajoy insists that there is a clear "risk of rupture of the euro" and this causes great difficulty in refinancing the debt and prevents the adjustments made by the countries have a positive effect. "The situation is untenable, unpredictable and could bring the euro to the limit," said the president.

In his opinion, we must act immediately in five areas: the first condition is fiscal consolidation, the second in-depth market reform by providing them with flexibility, and third, to integrate national markets by facilitating the mobility of workers and the liberalization of services - at this point, Rajoy encourages the Commission to mobilize all possible means to facilitate growth and job creation.

The fourth point would be to ensure financial stability in the euro area by reducing risk premiums, and insists that this is a work that today is solely for the European Central Bank, an institution that in his opinion, must act to ensure liquidity homes and businesses.

Finally, calls for "strengthening the institutional architecture common" with "greater transfer of sovereignty in the fiscal and banking."

In this sense, Rajoy is proposing a tax authority in Europe to allow a "centralized control of finance" and "manage European debt." Also ask for a supervisor and a Community deposit-guarantee fund common.

Read the whole article at El Mundo >

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Consolidate Debt if you are not a Home Owner

Consolidate Debt if you are not a Home Owner   Consolidation loans for home owners do not provide a good opportunity to debt and financial problems that can afflict an individual drop. This financial agreement is also an excellent way to credit scores or ratings increase. They are offering a variety of financial institutions available, [...]

Source: http://www.legaldebthelponline.com/2012/06/08/consolidate-debt-if-you-are-not-a-home-owner/

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The Biggest Choke Artists Of The NBA Finals

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Here's how we define clutch: making difficult shots late in games.

When a star player fails to do that, he's a choker in the minds of a large community of fans.

It's not fair at all, but that's how it is.

See: LeBron.

But is LBJ actually that terrible?

We looked at the fourth-quarter shooting stats and shot charts of the most important players in the NBA Finals.

As it turns out, of the seven players who have taken more than 20 fourth-quarter shots in the 2012 playoffs, LeBron is NOT the biggest choke artist of the bunch.

In fact, he's right in the middle of the pack.

1. Derek Fisher: 33% shooting, 45% from three on 27 shots

2. Shane Battier: 35% shooting, 33% from three on 20 shots

3. LeBron James: 45% shooting, 41% from three on 70 shots

See the rest of the story at Business Insider

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Are you Qualified for Student Loans?

Private student loans aren’t so straightforward unlike federal loans. The situation to apply for loans from private sources might arise incase if you are not eligible for the federal student loans or when the federal grants is insufficient to cover your costs. A private student loan is provided by a private financial institution rather than [...]

Source: http://www.legaldebthelponline.com/2012/06/11/are-you-qualified-for-student-loans/

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Home Depot (HD) Heads To $55: Raises Buyback, Reaffirms 2012 Outlook

It now expects to achieve its target of 10% operating profit and 15% return on invested capital (announced in 2009) by the end of fiscal 2012 and has announced new long-term goals.

Source: http://www.forbes.com/sites/greatspeculations/2012/06/11/home-depot-hd-heads-to-55-raises-buyback-reaffirms-2012-outlook/

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The Los Angeles Kings Are Stanley Cup Champions!

The Los Angeles Kings just won the Stanley Cup with a 6-1 blowout of the New Jersey Devils in game six of the finals.

The Kings broke out to an early lead thanks in large part to a five-minute boarding (major) penalty that led to three power play goals. The Kings would lead 4-1 for most of the third period before adding two late goals, including one with an empty net.

Here are the finals seconds of the game (click here to see the Kings receive the Stanley Cup trophy)...

 

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SETH GODIN: This Is The Easiest Way To Sell Yourself Short

Seth GodinMarketing guru Seth Godin wrote a short, three-paragraph blog post entitled "Compared to magical" that has an interesting insight about selling yourself short.

"The easiest way to sell yourself short is to compare your work to the competition," writes Godin.

"To say that you are 5 percent cheaper or have one or two features that stand out- — this is a formula for slightly better mediocrity."

Godin suggests that instead, you should try to compare yourself to some sort of unattainable goal — or "magical" unicorn, as he puts it.

What do you think? Should your compare yourself to some unreasonable level or perfection, or be more realistic?

NOW SEE: Seth Godin Explains The True Power Of Consumers Today >

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