Financial News – Greece

Global stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts.

Oil prices declined and the euro edged down after Athens announced the moves to stanch the flow of money out of Greek banks and pressure creditors to offer concessions before a bailout program expires Tuesday.

Germany’s DAX index tumbled 2.9 percent to 11,161.41 points in early trading and France’s CAC-40 dived 3.4 percent to 4,887.69. Britain’s FTSE 100 dropped 1.6 percent to 6,643.83. Futures augured losses on Wall Street. Dow futures were down 1.1 percent at 17,677.00. S&P 500 futures shed 1.1 percent to 2,073.00.

Greece’s Cabinet closed banks for six business days and restricted cash withdrawals. The Athens Stock Exchange was due to be closed Monday. That follows Prime Minister Alexis Tsipras’ weekend decision to call a referendum on European and International Monetary Fund proposals for Greek reforms in return for bailout funds.

The accelerating crisis has raised questions about whether Greece might withdraw from the 19-nation euro currency, a move dubbed Grexit.

While this has happened in the past; I strongly suggest people keep an eye out. Each time this happens the odds of the problem cascading to affect our economy increases.  As everyone knows our world economy is very tightly interwoven with so many other countries. Even if we don’t have much direct trade with Greece, other countries do so if their economy tanks it can impact ours.
Next, I would also suggest people study how the Greek government has and will handle this. One of the common steps as shown above is a ‘bank holiday’. Think about what would do how you handle business, how you would put food on the table and gas in your car. People still have to work, still have to get to doctor’s appointments, buy medicine etc.

Think about what else the government or banks can do. Remember in 2013?

He should know. As Cypriot finance minister in 2013, Sarris was forced into a deal contingent on winding down a bank on an ELA lifeline. A second bank was forced to raid its clients deposits to recapitalize, a process known as a ‘bail-in’.

How many of us keep most of our money in the banks; wouldn’t it be a kick to find out the bank decided to take 10, 15, 40% of your money to stay afloat?

I’m watching closely and trying to take the lessons to heart. What do you think about the situation?
Please join the discussion>?

Great Price

I don’t have any arrangements with Midway USA other then I’ve purchased products from them in the past. Got this notice in the inbox today and thought I would share.

Caldwell E-MAX Low Profile Electronic Earmuffs (NRR 23dB) Green
Caldwell E-MAX Low Profile Electronic Earmuffs (NRR 23dB) Green
$18.05
List Price $32.99
Sale

 

 

 

 

 

 

 

 

 

 

That’s a pretty good price for the product. I’ve purchased a couple in the past and use them regularly

Really Mr. President?

“This type of mass violence does not happen in other advanced countries. It doesn’t happen in other places with this kind of frequency.”

— Barack Obama on Thursday, June 18th, 2015 in remarks at the White House

As usual the gun control advocates – aka Anti-Rights Cultists — will try to weasel out of it citing the ‘advanced’ countries specification. As if the people of a high GDP country are any more moral or ethical than anyone else.

In Tunisia, a gunman killed 37 people, mostly tourists, at a seaside resort. In Kuwait, an Islamic State suicide bomber killed at least 27 people at a Shiite mosque. In France, a driver rammed his truck into a U.S.-owned gas factory, where a decapitated body was found with the head hanging at the entrance. In all, at least 65 people were killed across the three continents.

I wonder how Tunisia and Kuwait feel about being left of of the “advanced” country status. Of course, France doesn’t qualify because – well only one person was killed there, right?

Of course even Politifact is having to spin unsuccessfully President Obama’s claim.

We compared mass shooting incidents across countries is to calculate the number of victims per capita — that is, adjusted for the country’s total population size.

Calculating it this way shows the United States in the upper half of the list of 11 countries, ranking higher than Australia, Canada, China, England, France, Germany and Mexico.

Still, the U.S. doesn’t rank No. 1. At 0.15 mass shooting fatalities per 100,000 people, the U.S. had a lower rate than Norway (1.3 per 100,000), Finland (0.34 per 100,000) and Switzerland (1.7 per 100,000).

We’ll note that all of these countries had one or two particularly big attacks and have relatively small populations, which have pushed up their per-capita rates. In Norway, that single attack in 2011 left 67 dead by gunfire (plus additional bomb casualties). Finland had two attacks, one that killed eight and one that killed 10. And Switzerland had one incident that killed 14.

Still, while the United States did rank in the top one-third of the list, the fact that three other countries exceeded the United States using this method of comparison does weaken Obama’s claim that “it doesn’t happen in other places with this kind of frequency.” In at least three countries, the data shows, it does.

Elsass warned PolitiFact of a few caveats about the data. While they believe their database “to be among the most exhaustive compilations available,” Elsass noted that it may not include every instance of mass shootings. It also doesn’t include every example of mass killings — just those committed by firearms, even though mass stabbings are not uncommon in such places as China. Finally, their database doesn’t include acts generally considered to be terrorism, such as the attack in Paris on the satirical magazine Charlie Hebdo.

“If these were included, we are likely to see something much different statistically as there have been a number of very high-profile terrorist attacks in Europe, some including the use of firearms, that are excluded from the current analysis,” she said. But in all likelihood, this would only make the case against Obama’s claim stronger.

Emphasis mine – I don’t mind talking about the issues. I don’t mind admitting that America, for whatever reasons, is more homicidal then many other countries. But let’s be honest in our debate.

Please join the discussion. 

Humor — Just Humor…..

right? It’s just humor….isn’t it?

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I am not responsible for any of the statements in the video (even if I might agree with them)

Been A Good Couple of Days

On Saturday, the gun club held an event that is sure to become an annual activity — Ladies Day At The Range. It was a great day; a little over cast but that kept down the heat. A little humid but there was a breeze at least. And the turn out was great. By the time we took a break for lunch, we had some folks who had to leave…..but we still had a crowd.

 

Lunch cooked by the gentlemen of the club; ladies were too busy teaching and shooting(click to enlarge all images – opens in new window)

We started the day with 80 ladies signed in for the experience. We offered 45 minute sessions for Introduction to Handguns, .22lr Pistols, Cowboy Action shooting, Air Rifles, .22lr Rifles, Archery and Trap.

I didn’t get any shots of the .22 pistol session but most of the group were hitting 8″ steel plates at 20 yards consistently.

Ladies Day Cowboy Action-1

The Cowboy Action session proved to a big hit with everyone. Some went into it hesitant, unsure they would be able to handle the rifle and pistol (.38 special) and especially the shotgun. This proved to be a non-issue, everyone was able to handle the Joe Biden approved method of home defense.

Ladies Day - Biden Approved

Air Rifles proved to be a draw — but for a different reason; they were much harder to master. The Club sponsors an Air Rifle field match so we set up the targets and it was challenging for the ladies to get hits — on the targets that were 30 meters out !
Ladies Day Air Rifle

Trap was another interesting event; the wind had started picking up by the end of the day for us. Still some of of the folks were managing to go 6 for 15 on the day.

Ladies day Trap

 

— and yes some of the ladies did wear pink out for the day. It really made me laugh to see it but the majority of the ladies weren’t.

Ladies Day - Pink Apparel

 

Sunday my best friend arrived from Tennessee, he’ll be here a while looking for a house and a job. I’m glad he’s moving back to Texas.
Monday I spent some time at the range with my daughter; didn’t get any pictures of that but we spent 2 hours turning money into smoke and noise.

And on Monday I got some good news that I’ll share soon.

 

Hope your days have been as good.

Lies of the Antis – Part 89,002….

or higher. I loose track. This news article has two of my lies the anti rights cultists tell often.

#1 — That defensive gun uses really don’t happen.
#2 — That even if you carry/have a firearm; it won’t do you any good once the criminal(s) drop on you.

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One of the other things that came out of this anecdote is the how the firearm provided an equalization; one elderly man was able to overcome the actions of 3 younger – and one of them armed – men.

The news media is starting to cover more and more of these stories; actually reporting on the specifics instead of playing up the “man with gun kills choir boy turning his life around” angles.

P.S. – anyone else catch another lie – this one wasn’t stated in the report or the victims words?

Couple of Questions Mr. Obama.

……you said these types of killings don’t happen in other developed countries.

Gunmen stormed a beer hall in northern Mexico in broad daylight on Friday, killing 10 people before stripping the bodies and stealing all their money, police said.

Several armed men arrived in two vehicles before attacking people inside the bar in the municipality of Garcia at around 3pm, an official in the state prosecutor’s office said.

The assailants stripped seven bodies naked and left with 10,000 pesos ($650) in cash, the official said on condition of anonymity.

So does this killing not count because Mexico isn’t “developed”?
Or does it not count because there wasn’t an obvious race issue involved?
Or does it not count because Mexico has the type of restrictive gun control laws you only dream about?