Awww....who'd a thunk it?
If anyone can give me some good detailed reference about socialism in New Zealand and Sweden, I'd appreciate it.
In Dick Morris' book Power Plays, he explained how Mitterand called in Jacques Chirac (French conservative) to deconstruct France's failing nationalization of industries....and won a temporary victory over him in the next election.
My buddy just brough over a Swedish Au Pair to live here over the summer. She's working about as cheap as a good Latina Nanny, and we're in South Florida. I would have simply recommended the Latina nanny personally, but his wife gets really jealous and didn't want hubby to run off with the nanny.
An index based on a monthly survey of 2,000 households by the state-funded Isae institute fell to 113.4, from 117.0 last month. The survey, conducted in the first two weeks of July, is the first monthly measure of consumer optimism in Europe.
``Millions of ordinary savers have lost a significant portion of their investment,'' said Sergio Bille, head of Confcommercio, Italy's biggest industry group, representing more than 850,000 retail, tourism and services companies. ``This has provoked a real crisis of confidence.''
Declining share prices and job losses at companies including Fiat SpA are crimping consumer spending, which accounts for about 60 percent of Europe's fourth-largest economy. The Dow Jones Stoxx 50 Index fell 3.5 percent today, extending a decline that's erased around 1 trillion euros ($1.02 trillion) in market value this year.
A 20 percent drop in stock indexes may slice a fifth of a percentage point off economic growth, Goldman Sachs Group Inc. estimates. Italian clothing retailer Stefanel SpA, which has about 1,000 shops around the world, said last week its fiscal first- quarter loss widened as demand dropped.
``It's been a very bad year,'' said Anna Garcea, 40, owner of Contemporanea, a home furnishings store in central Rome. ``I have friends who invested in stocks and they lost a ton of money.''
Also Globalism isn't working.