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Watch Spain

March 27, 2024, 12:55:24 pm Mark says: Shocked Shocked Shocked Shocked  When Hamas spokesman Abu Ubaida began a speech marking the 100th day of the war in Gaza, one confounding yet eye-opening proclamation escaped the headlines. Listing the motives for the Palestinian militant group's Oct. 7 massacre in Israel, he accused Jews of "bringing red cows" to the Holy Land.
December 31, 2022, 10:08:58 am NilsFor1611 says: blessings
August 08, 2018, 02:38:10 am suzytr says: Hello, any good churches in the Sacto, CA area, also looking in Reno NV, thanks in advance and God Bless you Smiley
January 29, 2018, 01:21:57 am Christian40 says: It will be interesting to see what happens this year Israel being 70 years as a modern nation may 14 2018
October 17, 2017, 01:25:20 am Christian40 says: It is good to type Mark is here again!  Smiley
October 16, 2017, 03:28:18 am Christian40 says: anyone else thinking that time is accelerating now? it seems im doing days in shorter time now is time being affected in some way?
September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
September 19, 2017, 03:59:21 am Christian40 says: bbc international did a video about there street preaching they are good witnesses
September 14, 2017, 08:06:04 am Psalm 51:17 says: bro Mark Hunter on YT has some good, edifying stuff too.
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« Reply #120 on: February 20, 2013, 08:45:41 pm »



UPDATE 1-Spain preparing US dollar bond issue

LONDON, Feb 19 (IFR) - Spain is preparing to issue a bond denominated in US dollars, possibly as early as this week, market sources said on Tuesday.

The eurozone peripheral sovereign, rated Baa3/BBB-/BBB, is working to get the appropriate documentation in place for a possible five-year deal, building on feedback from US investors during a roadshow last week.

"It seems like Spain wants to have a crack at dollars," said one bank origination official.

"It makes sense because our sales force in the US is saying there is definite interest for a dollar deal out of Spain."

Another market source said that Spain was looking but did not think it had yet awarded a bond mandate. A spokesperson for the Spanish Ministry of Economy and Finance declined to comment.


The dollar market will enable Spain to diversify its investor base and tap into the largest community of yield-hungry emerging markets funds.

Eurozone peer Slovenia managed to do exactly that late last year, issuing a USD2.25bn 10-year bond in line with where its equivalent euro bonds were trading.

But while Slovenia was forced to dollars after euro investors shunned the country, Spain finds itself in a much stronger position.

Spain has already made significant inroads into its hefty EUR120bn funding programme for 2013, raising EUR22bn via a syndicated 10-year bond and a handful of auctions.

"It will be a sideshow, an opportunistic deal to relieve a bit of funding pressure...but Spain still need to be cognisant of the need for support from their home market," said a sovereign bond portfolio manager at a London-based fixed income fund.

"That said, if it came at the right levels and was attractively priced we would definitely look at investing in a dollar deal from Spain," he added.

Spain last issued a dollar-denominated bond back in September 2009 - a USD2.5bn 3-year priced at mid-swaps plus 18bp via Barclays, Credit Suisse and Goldman Sachs. (Reporting by John Geddie; editing by Alex Chambers)
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« Reply #121 on: February 20, 2013, 11:55:09 pm »

Spaniards are bartering, or trading, their way through a recession that has lasted years.
BARCELONA - With two small children and no income for the past two years, Antonio Delgado, 44, says things were so bad he had considered taking his life.

Then a few months ago, Delgado found out about a group that rents small parcels of farmland cheap near his town of La Rinconada in southern Spain. Now he' s bringing home boxes of tomatoes, onions, peppers, lettuce, zucchinis and pumpkins. But he is not selling them.

Delgado and others are bartering, or trading, their way through a recession that has lasted years and left more than a quarter of the workforce unemployed. Tens of thousands of households have no wage earners, but they have skills and time on their hands to do work that can be traded for things they need but have no money to buy.

"I had no clue about agriculture," Delgado said. "But this has changed my life."

Banker Julio Gisbert, author of the book and blog Living Without a Job, says Spaniards are doing what makes sense in these tough times.

"It is possible to live without a job, and that doesn't mean living without working," Gisbert says.

Trading produce for other services and merchandise is one of the many unconventional ways the Spanish are making ends meet in what has been described as the new "sharing economy" that has developed here since the economic crisis hit more than four years ago.

According to the Spanish government, more than half a million families have no income. The unemployment rate has climbed to 26%, but among young workers it is as astonishing 55%.

The deepest economic crisis in Spain's modern history is rooted in a housing boom financed by cheap loans to builders and home buyers who went bust. Homes were not worth what was borrowed to buy or build them.

Spain borrowed to lend the banks money to survive, but that put the national government in a budget deficit. Regional governments that spent budget surpluses in boom years were forced to end public spending and cut benefits and jobs, hobbling economic growth. The economy, which grew 3.7% a year on average from 1999 to 2007, has since contracted at an annual rate of 1% since.

With few jobs and no disposable income, bartering and other ways of exchanging goods and services are increasingly seen as good alternatives.

Some Spaniards are using so-called time banks to "deposit" time, knowledge and skills and trade them for things they need. All services have the same value, whether it is one hour of teaching a foreign language or one hour of cleaning house.

Teresa Sanchez, 55, is part of the Time Bank in Valladolid in western Spain. She has deposited offers of Japanese language classes, massage and company for the elderly. In return, she has received English lessons, appliance repairs and haircuts for her son.

"I first joined because I like the idea of people helping each other as it used to be long ago, but it is true that it is nice economic help," said Sanchez. "The world would work better without money."

The number of time banks in Spain has doubled to 318 in the past three years, according to the Association of Time Banks. SocialCar.com allows people to rent their private cars to other individuals while JoinUp Taxi makes it easy for people to share taxis to the same destination. Nolotiro.org ("I Won't Throw It Out") allows people to give away things they don't need anymore, such as clothing or tools.

Mi Huerto Compartido (My Shared Garden) allows land owners to "lend" ground in exchange for part of the harvest. And Truequebook.es users barter school books and other goods for children.

Delgado got his plot of farmland from My Harvest Ecological Gardens, which rents 540-square-foot parcels of land for $40 a month. He works the land 20 hours a week and exchanges produce with other small farmers so he can get the wide variety of food his family needs.

Besides the cybermarket places, nearly 100 bartering markets have appeared in Catalonia alone, according to Intercanvis.net, a site that tracks the bartering economy in this northeastern region of Spain.

"The main reason why people start using these sites is economic, whether it is to save money, make money or get goods or services without money," said Albert Canigueral, editor of ConsumoColaborativo.com, Spain's biggest site on the sharing economy. "However, once people have tried them out a couple of times, their mentality changes and they start looking at alternatives to traditional shopping as their only option."


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« Reply #122 on: February 21, 2013, 10:49:03 am »


All of this is doing nothing more than conditioning the masses there for this...

Rev 13:15  And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
Rev 13:16  And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
Rev 13:17  And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
Rev 13:18  Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

And in addition, is this so-called "sharing economy" even biblical?

2Cor 8:13  For I mean not that other men be eased, and ye burdened:
2Co 8:14  But by an equality, that now at this time your abundance may be a supply for their want, that their abundance also may be a supply for your want: that there may be equality:
2Co 8:15  As it is written, He that had gathered much had nothing over; and he that had gathered little had no lack.

James 2:15  If a brother or sister be naked, and destitute of daily food,
Jas 2:16  And one of you say unto them, Depart in peace, be ye warmed and filled; notwithstanding ye give them not those things which are needful to the body; what doth it profit?

James 1:27  Pure religion and undefiled before God and the Father is this, To visit the fatherless and widows in their affliction, and to keep himself unspotted from the world.
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« Reply #123 on: February 22, 2013, 12:23:43 pm »



Spain, France to miss debt goals as euro zone stays in recession

BRUSSELS (Reuters) - The euro zone will not return to growth until 2014 and struggling Spain and France will be among those who miss debt-cutting targets as a result, the European Commission said on Friday.
Paris and Lisbon said they would seek more time from Brussels to reach their deficit goals. Madrid has already indicated the same.
The EU's executive said the euro zone economy, which generates nearly a fifth of global output, would shrink 0.3 percent in 2013 after a 0.6 percent fall last year, blaming a lack of bank lending and record joblessness for delaying the recovery.
That represented a marked downgrade of the Commission's prediction from November that the euro zone would grow this year. The euro slipped on the back of the forecasts.

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« Reply #124 on: February 23, 2013, 04:21:58 pm »



Spain anti-austerity marches attract thousands

Thousands march in Spain against austerity measures on anniversary of failed 1981 coup

By Harold Heckle, Associated Press | Associated Press – 58 mins ago.

MADRID (AP) -- Tens of thousands of people marched on Spain's parliament on Saturday to protest austerity measures, a demonstration that came on the 32nd anniversary of a failed attempt by the armed forces to overthrow the government.

Protest groups joined forces under the slogan "Citizens' Tide, 23F," referring to the Feb. 23, 1981, attack by the armed forces on the parliament. Organizers said that Spain "is under a financial coup" and called on people to march against what they said was government favoritism toward financial institutions at the expense of ordinary citizens.

Many Spaniards have been enraged by austerity cutbacks and tax hikes introduced by Prime Minister Mariano Rajoy in a bid to reduce the deficit, ease market pressures on government borrowing and try and avoid a full financial bailout. Spain is in its second recession in three years and has 26 percent unemployment.

"We are all indignant and think the measures adopted by the government are wrong, especially considering they did not say they would adopt them before the elections when people voted them into office," said Sergio Sosa, a 46-year-old employee of Iberia airlines, which is planning 3,800 job cuts.
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« Reply #125 on: February 26, 2013, 04:28:43 pm »

Spain extremely worried by impact of deadlocked Italy vote

MADRID (Reuters) - Spain said it was extremely worried about the impact of Italy's deadlocked election result, warning on Tuesday the deadlock could affect the entire euro zone.
Foreign Minister Jose Manuel Garcia-Margallo said there was a feeling of "extreme concern" over possible movements in bond spreads as a reaction to the results.
"This is a jump to nowhere that does not bode well either for Italy or for Europe," Garcia-Margallo told journalists on the sidelines of a conference in Madrid.
The Spanish government said it was monitoring the situation, especially the fallout on financial markets as the premium investors demand to hold Spanish 10-year debt rather than the German benchmark jumped to 393 basis points, a level not seen in several weeks, when it emerged a cabinet could be hard to form.

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« Reply #126 on: March 04, 2013, 11:27:01 am »


Spain's jobless hits record 5 million in February

Spain registered jobless breaks 5 million record in February

MADRID (AP) -- Spain now has a record five million people registered as unemployed as the country remains stuck in recession.

The Labor Ministry said Monday that the number of people on the unemployment list in February jumped by 59,444 compared with January, making for a total of 5.04 million.

Spain is battling to emerge from its second recession in just over three years with its economy still reeling from the collapse of the once-booming real estate sector.

The country's unemployment rate was at 26 percent at the end of the fourth quarter.
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« Reply #127 on: May 06, 2013, 09:49:53 pm »

The Worst Unemployment Crisis In Modern History Is Unfolding Right Now

REUTERS/Marcelo del Pozo

"Jobless. Help me. Thanks."
At 27.2%, Spain is suffering the worst unemployment rate in modern history.
Spain is tied with Greece, and is worse than the approximately 25% unemployment rate that the U.S. saw during The Great Depression.

The causes, by now, are familiar — the end of a massive, bubble-fueled construction boom in 2008 led to spiraling unemployment and a deep recession, wreaking havoc on the Spanish economy.

And although the country managed to return to marginally positive economic growth in 2010 and 2011, it has since slipped back into recession, and the outlook isn't good.

Unlike the Spanish growth trajectory, the rise in Spanish unemployment since 2008 has been incredibly consistent. Each new statistical release bears the terrible news that more Spaniards have joined the ranks of the unemployed.

The problem is compounded by the fact that Spanish businesses are closing their doors at a record pace. In the first quarter of 2013, 2,564 companies filed for bankruptcy, up 45% from 2012.

And while much attention is paid to the headline unemployment numbers — especially for youths, 57% of whom are now jobless — statistics that give a bit more of a glimpse of how life has changed in Spain since the crisis began are much more revealing.

For most, no job means no income — and in many cases, no income means no food.

According to the Spanish Red Cross' Bulletin on Social Vulnerability, 26% of Spaniards the Red Cross helps can't afford to put a meal with protein on the table even three times a week, and 43% percent can't afford to heat their homes in the winter months.

That is, if they still have their homes — the number of Spaniards facing foreclosures on their mortgages and evictions is rising fast.

Foreclosures ordered by courts in 2012 alone totaled 91,622, up 17.7% from 2011.

Some of these cases have ended in suicide. In November, a woman jumped six stories to her death as foreclosure agents were forcing open her front door. In February, an elderly married couple took their own lives, citing impending foreclosure in a note.

In January, there were even two cases of men who set themselves on fire.

At least one of them was reported to have lost his job and was facing financial issues.

This is the environment from which those in Spain are actively attempting to escape.

During the good years, Spain experienced a swelling population as immigrants came to fill the excess of employment opportunities caused by the Spanish construction boom.

Now, they are leaving. In 2012, Spain saw its population actually decrease for the first time since records began being kept in the 1990s.

However, the population outflow isn't just former immigrants turning into emigrants. Young Spaniards, faced with no opportunities at home, are packing up everything they own and fleeing to countries like Canada in search of opportunity

Is there hope? The IMF's latest World Economic Outlook paints a grim picture. The international lender forecasts a 1.6% contraction in 2013, and doesn't see Spain returning to even 1.5% GDP growth until 2017.

And while the Spanish Labor Ministry today reported a drop in unemployment in April — down 0.9% to 4.99 million officially-registered job-seekers — analysts were quick to write this off as a temporary respite due to increased hiring for the holiday season.
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« Reply #128 on: August 25, 2013, 02:42:39 pm »

'Our generation is a lost cause': Spain's youth struggle to chart a life amid economic crisis

MADRID, Spain - In a country where more than 55 percent of young people are unemployed, even an obsession with bolstering your resume is no guarantee of success.

Barbara Victoria Palomares-Romero, 22, is qualified to work in restaurants, nurseries and hotels. Since leaving high school, she’s trained as a secretary, air conditioning technician and funeral cosmetologist, which is her profession of choice.

“Even though I’m 22, my resume is two pages long. And that’s because I have done everything,” she said. “I have done everything and can’t find anything.”

Palomares-Romero, who has no income other than the 50 euros (about $66) a month her parents give her, had the bad luck of coming of age in a country – and continent – in crisis. 

Once envied around the world for its high standard of living and booming economy, Spain is now suffering with a 26 percent overall unemployment rate – but the numbers skyrocket to more than double the national average when it comes to people under 25. Talk is rife of a lost generation unable to properly transition into adulthood.

“Our generation is a lost cause because they don’t let us work,” said Palomares-Romero, who lives with her parents in Orcasitas, a working-class neighborhood in the south of  Madrid.

Relief could be years away. The International Monetary Fund (IMF) recently forecast that the country would be stuck with 25 percent plus general unemployment for another five years.  This is one of the highest rates in the entire industrialized world.

“The economic crisis has hit young people especially hard,” said Almudena Moreno, a sociologist and author of a report on delayed adulthood in Spain.  “That’s because the youth are the most fragile and vulnerable sector of our economic system.”

An estimated seven out of ten Spaniards between the age 20 and 29 still live at home, according to Moreno’s 2012 report.

While youth in Spain have traditionally chosen to live with their parents until a relatively late age – close to 29, compared to 23 in Finland, for example – this decision is imposed on them by joblessness and precarious work conditions, Moreno said.

“Young people (used to) choose to stay at home, for reasons of convenience, to finish their studies,” she said. “Now it is an imposition, there is no option.”

And living with parents is no assurance of financial security: In almost 2 million homes, every member of the family is unemployed, according to government statistics

Many of Cecilia de la Serna’s counterparts have delayed or abandoned hopes of finding a stable career, a home and a family, says the 22-year-old university student who dreams of becoming an investigative reporter one day.

“It feels like you are going to lose half your life until you have stability,” she said. “And I’m not even talking about having children. We don’t know when we will have children, or even if we will be able to have them.”

The government of Prime Minister Mariano Rajoy has slashed social programs and made it easier for employers to fire workers under an austerity plan meant to cut debt and foster growth. While it has a plan meant to improve youth unemployment, actual spending on issues related to the young in Spain lag far behind many European counterparts, according to Moreno’s report.

The IMF, meanwhile, is calling for more. “The reform effort must continue,” James Daniel, the organization’s top man in Spain, said on Aug. 2.

Ramón Espinar Merino, a 27-year-old unemployed political scientist, blames the crisis precisely on the system he says is being imposed on the country.

“When there are 55 percent of young people without work, the problem isn’t that I am doing it wrong, the problem is that society is organized wrong,” he said. “The problem is that there is no future for a whole generation.”

Espinar Merino, who lives with family, is also a spokesman for grassroots organization Juventud Sin Futuro (Youth Without Future), which was set up more than two years ago amid a broad coalition of groups demanding an alternative to the punishing economic reforms.

The organization’s “We’re not going, they’re kicking us out” campaign highlights another aspect of the crisis – the flood of young and often educated Spaniards leaving the country in hopes of finding a future abroad.

A world map on the organization's website dotted with bios of young Spaniards offers of glimpse of the ongoing brain drain. 

“Francesc Tores,” 29, says he’s working in Almaty, Kazakstan as an engineer.  “Sofia Olivia Sanchez,” 25, is a nurse in Dun-sur-Auron, France.

“Spain is losing many valuable people with brains, with a lot to do and offer,” said Laura Belenguer Ortiz-Villajos, a 27-year-old job seeker and masters student in radio. “People of my generation need to put into practice what is in their heads, and in Spain this is very hard to do.”

Official statistics show that the number of Spaniards between the ages of 15 and 29 who left the country jumped by a third between 2009 and 2013.

But while many counterparts can leave the country, Palomares-Romero sees no way out.

“The situation is bad and getting worse,” she said.  “Spain is looking like the worst country in the world.”
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