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Francesc Català Roca – Image Gallery

Via: Facie Populi

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– Recadero en el metro

– Madirid, Spain

– 1953

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See more photos, HERE:

http://www.faciepopuli.com/tagged/Francesc-Catal%C3%A0-Roca

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January 1, 2013 Posted by | Uncategorized | , , , , | Leave a comment

Street Art – Image Gallery

Via: First Time User

Borondo – Madrid

See more, HERE:

http://firsttimeuser.tumblr.com/tagged/street-art

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October 16, 2012 Posted by | Uncategorized | , , , , | Leave a comment

Joan Colom – Image Gallery

Via: First Time User

La calle, Barcelona, 1958

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See more images, HERE:

http://firsttimeuser.tumblr.com/tagged/Joan-Colom

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Joan Colom i Altemir (born 1921 in Barcelona) is a Catalan photographer renowned for his portraits of Barcelona’s underworld and working class, especially in the infamous neighbourhood of Raval.

Colom was a self-taught photographer, and produced his best-known pictures while working during the week as an accountant.

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Read more, HERE:

http://en.wikipedia.org/wiki/Joan_Colom

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July 7, 2012 Posted by | Uncategorized | , , , , , | Leave a comment

Oriol Maspons – Image Gallery

Via: First Time User

The first bikini in Ibiza in 1953

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See more images, HERE:

http://firsttimeuser.tumblr.com/tagged/Oriol-Maspons

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June 29, 2012 Posted by | Uncategorized | , , , , , , , | Leave a comment

Euro ‘Is A Bloody Doomsday Machine,’ Mark Blythe, Brown University, Economics Professor Says

Via: Huffington Post

The unthinkable suddenly looks possible.

Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.

The worst case envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the fall of 2008.

A Greek election on Sunday will determine whether it happens. Syriza, a party opposed to the restrictions placed on Greece in exchange for a bailout from European neighbors, could do well.

If Syriza gains power and rejects the terms of the bailout, Greece could lose its lifeline, default on its debt and decide that it must print its own currency, the drachma, to stay afloat.

No one is sure how that would work because there is no mechanism in the European Union charter for a country’s leaving the euro. In the meantime, banks and investors have sketched out the ripple effects.

They think the path of a full-blown crisis would start in Greece, quickly move to the rest of Europe and then hit the U.S. Stocks and oil would plunge, the euro would sink against the U.S. dollar, and big banks would suffer losses on complex trades.

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You can, and I suggest you do; read Act 1, 2, and 3, HERE:

http://www.huffingtonpost.com/2012/06/15/euro-bloody-doomsday-machine_n_1599931.html?utm_hp_ref=business

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personal thought:

If it turns not to be Greece; then it will be Spain, or Italy, or Portugal, or . . .

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June 16, 2012 Posted by | Uncategorized | , , , , , , , , , | Leave a comment

Greece Still Going Broke, Now Faster And With More Broke-Ness

Via: Huffington Post

If you could rely on anything in the past couple of years, it is that Greece is always going broke. Now it turns out that Greece is going broke faster than almost anybody expected.

The Greek government is struggling to collect enough tax revenue to cover its immediate bills, the New York Times reported on Wednesday, leaving it about 1.7 billion euros shy of its budget goals. It may soon need to freeze government salaries and pensions, temporarily halt imports of food, fuel and medicine, or dip into cash intended to help Greece’s gutted banks, the Times writes.

This comes less than three months after Greece received the first installment of a new, 130 billion-euro bailout package in March. The hard-fought bailout agreement with Greece’s European rescuers involved excruciating belt-tightening that has helped make the country’s deep recession even worse. That tends to have a dampening effect on tax revenue, as the U.S. government can attest.

Austerity, in other words, is self-defeating, which is one reason the rest of the world is dragging Europe’s biggest austerity fan, Germany, toward policies that favor economic growth instead.

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The world has recently grown weary of caring about Greece’s money problems and has instead turned its attention to the money problems of Spain, which yesterday warned it was at risk of being SHUT OUT of  the BOND MARKET and that its banks needed a multi-billion-euro bailout.

The European Central Bank this morning stood pat on taking any more action to help Europe right now, in what might be an effort to force European politicians to make some hard choices and hammer out a long-term solution. Greece, which will likely need more bailout money or risk falling out of the euro zone, may be back on the agenda sooner than policy makers think.

http://www.huffingtonpost.com/2012/06/06/greece-going-broke_n_1573865.html

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personal thought:

“. . . what might be an effort to force European politicians to make some hard choices and hammer out a long-term solution”; well that’s great, and good for them.

But what IF, they/we have reached the ‘tipping point’, and there are NO long-term solutions, simply more half-ass, stop-gap fixes?

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June 7, 2012 Posted by | Uncategorized | , , , , , , | Leave a comment

Euro Exit Would Prompt Greeks To More Than Half Their Income

Via: Huffington Post

An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and inflation, a report from the country’s largest bank has warned.

The National Bank of Greece study was published Tuesday as Greece heads to new general elections on June 17, amid Europe-wide concern of broader financial turmoil if Greece’s place in the single currency is threatened by a victory for an anti-austerity party.

“An exit from the euro would cause a significant drop in the living standards of Greek citizens – with a reduction of at least 55 PERCENT in per capita income,” the authors of the 17-page report wrote.

“This would affect those on a lower income the most, with a significant devaluation of the new currency, by 65 percent, and financial contraction of 22 percent on top of the (GDP) reduction of 14 percent that occurred between 2009 and 2011.”

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Read more, HERE:

http://www.huffingtonpost.com/2012/05/29/greece-euro-exit_n_1553177.html

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May 30, 2012 Posted by | Uncategorized | , , , , , , | Leave a comment

(1 of 2) Euro – Here’s how it might play out – Paul Krugman

Via: New York Times

Some of us have been talking it over, and here’s what we think the end game looks like:

1. Greek euro exit, very possibly next month.

2. Huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany.

3a. Maybe, just possibly, de facto controls, with banks forbidden to transfer deposits out of country and limits on cash withdrawals.

3b. Alternatively, or maybe in tandem, huge draws on ECB credit to keep the banks from collapsing.

4a. Germany has a choice. Accept huge indirect public claims on Italy and Spain, plus a drastic revision of strategy — basically, to give Spain in particular any hope you need both guarantees on its debt to hold borrowing costs down and a higher eurozone inflation target to make relative price adjustment possible; or:

4b. End of the euro.

And we’re talking about months, not years, for this to play out.

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Read Krugman’s BLOG, here:

http://krugman.blogs.nytimes.com/

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Paul Robin Krugman born February 28, 1953) is an American economist, Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times.

In 2008, Krugman won the Sveriges Riksbank Prize in Economic Sciences (informally the Nobel Prize in Economics) for his contributions to New Trade Theory and New Economic Geography. According to the Nobel Prize Committee, the prize was given for Krugman’s work explaining the patterns of international trade and the geographic concentration of wealth, by examining the impact of economies of scale and of consumer preferences for diverse goods and services.

Read more, HERE:

http://en.wikipedia.org/wiki/Paul_Krugman

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personal thought:

Chicken Little was right, “The sky is falling! The sky is falling!”

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May 14, 2012 Posted by | Uncategorized | , , , , , , , , , | Leave a comment

Robert Capa – Image Gallery

Via: Magnum Photos

SPAIN. Barcelona. January 1939.

At a refugee transit center during the evacuation of the city, which was being heavily bombed by fascist planes, as General Franco’s fascist troops rapidly approached.

http://www.magnumphotos.com/C.aspx?VP=XSpecific_MAG.PhotographerDetail_VPage&l1=0&pid=2K7O3R14YQNW&nm=Robert%20Capa

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Robert Capa (born Endre Ernő Friedmann; October 22, 1913 – May 25, 1954) was a Hungarian combat photographer and photojournalist who covered five different wars: the Spanish Civil War, the Second Sino-Japanese War, World War II across Europe, the 1948 Arab-Israeli War, and the First Indochina War.

He documented the course of World War II in London, North Africa, Italy, the Battle of Normandy on Omaha Beach and the liberation of Paris. His action photographs, such as those taken during the 1944 Normandy invasion, portray the violence of war with unique impact.

In 1947, Capa co-founded Magnum Photos with, among others, the French photographer Henri Cartier-Bresson. The organization was the first cooperative agency for worldwide freelance photographers.

http://en.wikipedia.org/wiki/Robert_Capa

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August 13, 2011 Posted by | Uncategorized | , , , , , | Leave a comment