Search results

  1. R

    Greece - A New Hope

    Seems this thing isn't quite over yet after all - Germany has reportedly drawn up a paper suggesting Greece could temporarily exit the eurozone, "to general disbelief" - Italy to tell Germany: "enough is enough" - we need to stop humiliating Greece, and find a deal and common ground for good...
  2. R

    Star Citizen Online - The search for more money

    Maybe Derek is just trying to complete his Elite mission...
  3. R

    Greece - A New Hope

    It looks like a deal is in the works. The Greeks get some debt relief and refinancing, while the creditors get an even tougher bout of Greek austerity than the Greeks rejected in their referendum just days ago. The IMF's Olivier Blanchard has made an interesting post about what went wrong...
  4. R

    Greece - A New Hope

    An offer to swap Greece for Puerto Rico Greece news live: Germans in rift with the rest of Europe over debt relief proposals after US intervention - Telegraph
  5. R

    China suffers worst wheat harvest in 55 years

    The following applies to foreign investors too... China bans major shareholders from selling their stakes for next six months | World news | The Guardian As for the amount of money involved in this, almost half the listed companies on the Shanghai and Shenzhen have now halted trading...
  6. R

    Greece - A New Hope

    Keep in mind that this isn't just about what happens to Greece. If they leave the Euro and crash and burn, then sure the Germans and the French will take a financial hit, but that will be bearable. The bigger problem for the EU is that it establishes a precedent that a country can be forced...
  7. R

    Greece - A New Hope

    If they don't get a bailout The Greek banks will collapse at the weekend. The chances are they will then need some kind of humanitarian aid because a good proportion of the population will be unable to feed themselves, and the hospitals will run out of medicine. Denied access to the Euro, the...
  8. R

    Star Citizen Online - The search for more money

    I don't think he feels he failed because of his own limitations, it was because (apparently) no computer was able to encompass his mighty vision. I really don't believe this is some fit of petty jealousy, Smart is perfectly capable of making a fool of himself without that. He just loves to...
  9. R

    China suffers worst wheat harvest in 55 years

    With this and Greece happening at the same time, we could be in for interesting times. The really worrying financial crisis is happening in China, not Greece - Telegraph
  10. R

    Star Citizen Online - The search for more money

    I doubt Derek Smart is jealous of anyone, his ego is too large for that. He does love attention however and will drag any argument out to extreme lengths, even by internet standards. It's also worth pointing out that for all his many faults, the guy isn't stupid. You just have to filter out...
  11. R

    Greece - A New Hope

    Book your holidays if you haven't already... Want to help Greece? Go there on holiday | World news | The Guardian
  12. R

    Greece - A New Hope

    If you mean Varoufakis, he was pushed out by the creditors; they didn't want him at any more meetings. Greek finance minister Yanis Varoufakis resigns despite referendum no vote | World news | The Guardian
  13. R

    Greece - A New Hope

    You're right, but think about it: with half their debts written off, and very favourable terms on when and how the rest would be repaid, it still took Germany more than 50 years to pay it all back. Expecting the Greeks to pay everything back and in a shorter space of time seems crazy. There's no...
  14. R

    Greece - A New Hope

    According to Wikipedia it was earlier; the debt was halved and the remainder paid off over a long period of time, with the last payment coming in 2010. Needless to say the Germans aren't offering anything like this to the Greeks. London Agreement on German External Debts - Wikipedia, the free...
  15. R

    The Video Thread

    Flying low
  16. R

    Greece - A New Hope

    Oops, the Bank of Greece is the central bank of Greece and not the National Bank of Greece! But the Bank of Greece certainly can print Euros; most Euros are printed by the national banks of various countries. I was merely using Yugoslavia as a reference as to what can happen when you lose...
  17. R

    Greece - A New Hope

    The National Bank of Greece has the ability to print Euros. Actually doing that without agreement would cause problems a couple of orders of magnitude beyond where we're at right now. For an idea of what would happen look up Yugoslavia in the 90s when inflation reached 8.51?10 ^ 29 % per year...
  18. R

    Star Citizen Online - The search for more money

    Overall that reads like "if I, Derek Smart, could not make this type of game then no-one can." However, it is worth reading because he does actually make some good points, but be prepared to be irritated by a lot of what he says if you remember Battlecruiser.
  19. R

    Greece - A New Hope

    It would be better to frame the vote as a choice between a bad and a worse thing. Whichever way they voted, the Greek people are screwed; at least this way they get the slim satisfaction of giving the Eurozone the finger. No-one really knows how this is going to play out now. It's a collision...
  20. R

    Greece - A New Hope

    Two things this morning: IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian ... in other words, the Troika know Greece cannot repay its debts even if they do everything being demanded of them and their economy somehow grows for the next 15...
  21. R

    Greece - A New Hope

    This is the referendum question the Greek government has come up with: To confuse things further, the Greek government is campaigning for a No vote to reject austerity but stay in the Euro, whereas the EU is saying a Yes vote is required to stay in the Euro.
  22. R

    Greece - A New Hope

    Don't get confused between leaving the Euro (currency) and leaving the EU (union). You can be in the EU but not have the Euro. The Greeks are voting on whether to leave the Euro, not the EU.
  23. R

    Greece - A New Hope

    ...which is one of the problems with the Euro - what wouldn't work for Germany, would have been beneficial to countries like Spain, Portugal and Italy. It's supposed to be a common currency after all. One commentator wasn't entirely joking when he said that it should be Germany that leaves the...
  24. R

    Greece - A New Hope

    It has happened, several times. They are ignoring the US advice - don't forget, until very recently the Euro currency area didn't engage in the QE economics used by the USA to buffer the effects of the financial crisis. The Germans definitely do not see eye to eye with the USA on economic...
  25. R

    Greece - A New Hope

    The problem the Russians would have is that they would be no more likely to get their money back than anyone else. Putin might do it anyway just to show up the Europeans and the IMF, but it would be little more than an expensive gesture - and besides, the chances are that any cash the Greeks get...
  26. R

    Elite: Dangerous (Kickstarted Sandbox Space Flight Sim)

    I think that's the price while it's in preview. It might be more expensive if you wait until it's released. It's implied from the latest newsletter, and there's a small offer on as well:
  27. R

    Greece - A New Hope

    This is now developing from a two way argument into a three way argument. The Greeks and the Troika (Euro Commission, Euro Bank and IMF) are still at odds, but now some European finance ministers are disagreeing with both of them. The next repayment is due Tuesday.
  28. R

    Elite: Dangerous (Kickstarted Sandbox Space Flight Sim)

    I don't think anyone's seen the modules yet - AFAIK they weren't in the beta test, and you have to stay pledged for 4 weeks before you can buy them. Shields would seem to be the safest choice, as the guns might not fit the ships you like to fly. Frontier aren't much good at balancing things...
  29. R

    The Astronomy Thread

    That kind of came up in an interview with the president of the society It also answers how he came to these beliefs. Make up your own mind if he's having people on. The Earth is flat? What planet is he on?
  30. R

    Destiny: Rise of Iron 9.20.16

    Another developer chimes in...
  31. R

    Greece - A New Hope

    Here's a little fact I read today: Greece has been in default on its foreign debt for almost half it's existence. Makes you wonder why anyone would lend it money... I've read back-of-the-envelope kind of studies that say Greece will take up to 200 years to pay off it's debts, assuming by some...
  32. R

    Greece - A New Hope

    After both sides seemed on the verge of an agreement earlier in the week, the will-they-won't-they dance goes on. It looks like no-one is capable of making a decision, or no-one wants to be the guy who pulls the trigger Nick Malkoutzis (@NickMalkoutzis) | Twitter Peter Spiegel (@SpiegelPeter) |...
  33. R

    Greece - A New Hope

    The Greek debt crisis - digested read | World news | The Guardian
  34. R

    Batman: Arkham Knight

    If the following snapshot is true, the negative feedback wasn't appreciated
  35. R

    Science!! Fucking magnets, how do they work?

    Now they just need to get to work on those hoverboards... US Army picks up UK-made hoverbike for troop transport, surveillance | Ars Technica UK
  36. R

    Jonathan Strange & Mr Norrell BBC Adaption

    I think he does a good job showing the malevolence of the character in an understated way. Brings to mind Tim Roth's performance in Rob Roy, a dandy that you did not want to cross. Oddly enough I would have liked one or two more episodes, there are some places where it feels they've skipped a...
  37. R

    Greece - A New Hope

    As a proportion of it's GDP, Greece spends more on pensions than anyone else in the EU. However, they also have one of the highest proportions of people over 65 in the EU; if you look at how much they spend per pensioner, Greece actually is no worse (or better) than average. The problem isn't...
  38. R

    Greece - A New Hope

    If the ECB stops handing money to the Greek banks they will literally run out of money very quickly. At that point the Greek government would have to start issuing it's own currency. If they did, they would most likely try to create a parallel currency, effectively "Euro IOUs", so that at some...
  39. R

    Steam Deals and Digital Sales

    The Xbox version of it is due out very soon, just in case you'd prefer that (although it's bound to cost more). Personally I've played it more these last few months than anything else, but YMMV. It does get frequent updates and new features added.