Lehman Brothers: European Edition
Stocks jumped on France and Germany's pledge to solve the European banking crisis but German observers tell a different story. Banks are full of bankrupt government bonds, they say.
What's the Latest Development?
France and Germany have pledged to present a bailout package by the end of October for European banks holding insolvent government bonds. While markets have jumped as a result, no details for the plan have been presented. German financial observers are less optimistic, noting that banks will reel in lending if they are forced to write off further bonds purchased from insolvent governments like Greece. "The problems are immense," they say. Some banks are already rejecting the idea of higher capital requirements.
What's the Big Idea?
Whereas Lehman Brothers collapsed as a result of empty mortgage collateral, European banks face an entirely distinct situation. Government bonds, long considered the safest investment for anybody, are losing their value as a result of economic crises in countries like Greece and perhaps Italy and Portugal. French banks seem particularly vulnerable as they have been some of Greece's leading creditors as well as holders of other E.U. bonds that are now trading at much less than their rate of purchase.
Upvote/downvote each of the videos below!
As you vote, keep in mind that we are looking for a winner with the most engaging social venture pitch - an idea you would want to invest in.
"Earth" features about 30 of the biggest names in entertainment.
- Lil Dicky is a rapper and comedian who released his debut album in 2015.
- His new music video, "Earth," features artists such as Justin Bieber, Ariana Grande, Ed Sheehan, Kevin Hart, and Leonardo DiCaprio.
- All proceeds of the music video will go to environmental causes, Dicky said.
Some evidence attributes a certain neurological phenomenon to a near death experience.
Time of death is considered when a person has gone into cardiac arrest. This is the cessation of the electrical impulse that drive the heartbeat. As a result, the heart locks up. The moment the heart stops is considered time of death. But does death overtake our mind immediately afterward or does it slowly creep in?
- A forensic artist in Scotland has made a hyper realistic model of an ancient dog.
- It was based on the skull of a dog dug up in Orkney, Scotland, which lived and died 4,000 years ago.
- The model gives us a glimpse of some of the first dogs humans befriended.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.