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2010 - wave of bankruptcies expected, and bet on the weather, bankruptcy

Reuters -. Mainly is the wave of bankruptcies in 2010 apparently hit the middle class. It is believed that the number of bankruptcies to more than 38,000 rising. This scenario was "inevitable" but will come not as bad as 2003 when there were 39,470 bankruptcies. The credit crunch make sure that the capital buffer companies melt "like snow in the sun." Helmut Rödl - Chief of the credit reference agency Creditreform - claims that one in three Companies with less than 10% equity ratio works and therefore calls on banks to use all possible measures to pursue the steps in the right direction and to assess the future prospects of the borrower more than biher. He advised to minimize risk, even for "Ausplatzieren of loans on the capital market."

with Arcandor - the worst defeat in postwar history - Escada, Qimonda, Woolworth and various automotive suppliers in 2009 was "the year of major insolvencies," said Rödl. Insolvency and indebtedness have taken significant business with, so the state must anticipate depreciation of 11.5 billion euros and 521 000 people stood in unemployment opposite. The number of personal bankruptcies, however, remains virtually the same (from 98 450 to 98 800).

" The World" speaks of a sharp increase in bankruptcies - in Hamburg alone by almost 30% - and expects losses on non-performing loans of 750 million €. Other provinces, such as North Rhine-Westphalia and Saxony-Anhalt would make it far more difficult, however - with 1.54 to 1.66 percent (sixtieth or sixty-five, almost every company) threatened companies. "The standard " viewed with concern in Eastern Europe and refers to a study by UniCredit. Accordingly, already is one in three debtor be insolvent. Likewise, that the highlight of some regions still to come and the number of bad loans will continue to rise. The high failure rates would have a major impact on the balance sheets of banks and countries. For the financial sector in the Baltic region in 2012 are expected back in the black. However, we also see great growth opportunities for others - in this region curly - competitors, so the crisis restructuring - especially in the banking sector - would result.

The " Handelsblatt 'fears even national bankruptcies and broken on which countries" are on the brink "to date. The stock market is betting apparently ever been to the first victim, playing with the "Credit Defaut swaps (CDS), a not insignificant role. The CDS a risk premium for investors in making government bonds want to insure against losses. The higher the risk of bankruptcy, the higher the insurance premium is. Depending on the rating agencies - such as S & P, Moody's and Fitch - the creditworthiness of countries, thus determining the risk and the amount of the premium. "There are craft further geschönigt, patched up and lied," was the comment of the reader 'Erwin'. Further, he says, referring to the FIAT money system: "The longer it takes, the greater the RUMMMMS .... But that's by design." The biggest problem children

- Ukraine, Greece, Latvia, Pakistan, Iceland, Japan - are well known. The UK, Italy and Spain did not remain unchallenged. Newly to be Dubai and Abu Dhabi. Each continent is affected and at risk, but the game goes on.

illuminates in detail the Handelsblatt including the states of Argentina (which in 2001, all payments stopped the external debt) Venezuela (with an inflation rate of 25%), Russia (in 1998 and 1999 saw the ruble crisis) and China (which with reserves value of 2.27 trillion dollars depending on the stability of the USA). "As long as America does not falter," seem to forget all worries. That the debt of the United States are almost as high, however, as the entire gross domestic product (GDP) of the land provides, not even for a rating downgrade. It still stands at "Triple A". Russia's debt amounts to about 9% of GDP, yet here is the rating at "BBB".

Germany, with 77 percent debt, the economic performance still relatively stable compared to other countries in Europe, while predicted for the French, a wholly-owned deficit by 2012. Both countries also still get the AAA rating from the agencies. Finland had, fortunately, the option of a sales tax increase has not been used and was able to pull in 2009.

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is independent of the climate? - "The Duel" on n-tv 12.01.2010

2009, the fourth-warmest year since records of climate data, following a very cold early 2010. While there seems to be lacking in news, there is also the talk shows not a lot of conversation. After the messages are rolled over with fantasies, how could it come to the incredibly beautiful winter, two n-tv 'will appreciate the "duel" a new theory: The weather is independent of the climate trend, as it is just a freak of Nature. Okay, question: What is the weather? Wikipedia says: "It is the regional impact of current weather and local climate." This means that the climate is the weather! Furthermore, it so that the weather conditions to construct the new and different climatic conditions, which the district would probably be closed.

were further comments like: "The government with its two-degree target is based on the measurements of 1850 and was the most lebensfeindlichste time since there are records." Even in Germany, hundreds of people were starved to death, it is said of Dr. Horst Malberg, the charged climate scientists. The duel Antin - Alliance 90/The Greens - got from her opponent a clear ".. Yes, yes, the ZDF is even talk of possible 6 degree Celsius, with laughter from the audience, as Baerbel Hoehn said:" They say not so, that the world is about. " She said, however, with striking frequency of sinking islands, dramatic droughts, increased volcanic eruptions, more frequent forest fires, etc. However, we also heard the admission that the previous effects are far less dramatic than expected.

Bärbel Höhn also led to the IPCC reports and found all of 2500 scientists as independent. She called the network so that the contents of the report as "absolutely open". Sun tried to quash criticism of Mahlberg, who said that astrologers attribute climate change to solar activity, but there were few observations in the first-fourth report since 1990, while almost all statements of non-astrologers, the blame for CO2 Search, find and open freely on all sides. The sun will be granted only limited impact. These differences show that there is still no absolute clarity about what causes climate change. If you can melt on the tongue, then it is not surprising that the hardcore vegetarians will find the debt at some point in animals (cattle too much, too much methane). In the 17th

Century there was yet a record of the weather, but there will be reports from a report called "little ice age" and it seems as if we were - after a cool period in the 19th and warm in the 20 Century - again "at a turning point in the Ice Age." And was clearly visible on the solar activity. In the 19th Century there had been a smaller number of sunspots have been observed during the following would be much more. We humans seem to have the tendency to panic and the urge of having to Handle. "Politics has to turn the task of potential harm," said the MP. But absolute omnipotence over nature not a bit exaggerated? "The well-known models are all just the Sandbox," the climatologist said: "Just as the failures in the banks, which are also based on faulty models." Then Bärbel Höhn: "I'd rather go run the risk of doing anything wrong with a good conscience, as . Nothing to do and it really is a normal cycle "

Heiner Bremer, the discussion leader of the talk show, named the cartoon (right) and waited in vain for an overall statement of course, because the topic was:.. Air So he put the Asked why China should serve as massive as a scapegoat and had no real answer, unless you can "We need a climate of education above that can act against the democratic structures" are. The objection of Dr. Malberg to the scandal of fake climate data from England, was abgeschmettert by accusing the controversy (the intimidation of the population) and apparently, there was a attempted staged Bludger from initially only one person and another that went the same time. The "real" audience, however, remained unmoved.

85% of world population are looking for the actions of governments, no matter how that, although decreasing the willingness, if it should go to their own budgets. But both parties agreed on a common point: "We want to do something!" Just what exactly is unclear, because remain the true reasons for the changes are still hidden in the dark. Or be concealed?