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| - | The banking industry has described its agreement with Greece to cut its debts as "unprecedented".
| + | Water goes black, trees are dying and the air we breathe gets larger and thinker by the moment. There are numerous solutions to these issues, but oddly, the supply that got the whole thing going may actually be the response to resolving the bad choices created for the planet. Solar power got the entire process going and may be the treatment for getting hired back on course. |
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| - | A group of banks and other investors in Greek government debt have agreed to exchange their debt for new bonds that are worth much less and pay a modest rate of interest.
| + | In its deliberate use, solar energy gave us heat and light. As evolution worked its magic solar power was not an alternative source of power, it was a'the- source of power as it warmed the world and moved the air. Now, our amoderna technology has changed to a spot where we are able to yet again use solar energy to warm and move our air. But why should we use solar powered energy when the same earth that gave the sunshine to us gave the coal to us to accomplish the same process? There are many reasons, and a lot of them are of the sort that folks can recognize with; they're self serving and fully hedonistic. |
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| - | Including the reduced interest rate, the losses to the banking industry are more than 70%.
| + | Solar contributes to cost savings |
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| - | For some of Europe's biggest banks, that means heavy losses. | + | All you've got to accomplish these days is start an heat and electric statement to observe much it costs to light and heat your property. Solar power is a superb method to more or less eliminate the costs associated with lighting and heating your property. For those that are using solar powered heating and lighting equipment today there's little if any cost connected with lighting and heating their houses. Yes, there is an up-front cost to adding these units but pay back moments through cost savings and tax credits are becoming shorter and shorter because of better technology and recognition. These recent users report that they make money from applying solar power systems simply by paying only a little closer focus on how they use the power that they've. For the absolute most part, they indicate that a 30 second glance at back-up batteries for little bit of mind is all of the additional time needed to start saving money. |
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| - | "The losses are going to be substantial, but they are contained and there's a longer-term benefit for the system in having a core group of investors sit down across the table and coming together," said Charles Dallara, managing director of the Institute for International Finance, which negotiated on behalf of the banking industry.
| + | Money machine |
| - | Continue reading the main story
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| - | �Start Quote
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| - | In the long and tawdry history of governments borrowing more than they can afford, this represents a remarkably huge, unprecedented write-off�
| + | Some may possibly say that piece of mind doesn't get very far in regards to a series of dark days. Batteries, they say, may come to an end or get low. From all accounts, however, gloomy day issues, in a majority of the climates, are not an issue. In reality, most users find that they have an excessive amount of electricity that ends up just likely to waste. Approximately most people- once - thought. Even though entire US is not quite there yet most sates demand that utilities buy right back extra power generated from those desiring to keep on the power grid. Though it may seem a bit odd, solar power customers discover that their electric meters really run backward a serious bit of times when solar power systems are in use. God forbid there were 2-3 weeks of nothing but cool and clouds, but if there are the manager is free to use the power they sold back once again to the application. At night home front, add a wind mill and a water wheel and you've a good little income turbine with the electric energy paying you. |
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| - | image of Robert Peston Robert Peston Business editor, BBC News
| + | Off the grid |
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| - | More from Robert
| + | There is a specific segment of the citizenry that just does not wish to be linked to the agrida, as it is called by the power and information society. For these folks solar powered energy is a good alternative. Solar devices are relatively low cost and getting lower cost every single day. They can also tolerate a hailstone traveling at 50mph. For survivalists and on occasion even for a character that requires to irrigate his crops in the middle of nowhere, solar may be the way to go. |
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| - | It is perhaps no great surprise that Greek banks are the most exposed to Greek debt.
| + | Develop a new technology |
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| - | According to Barclays Capital, the top two holders of Greek debt are National Bank of Greece, with 13.2bn euros ($17.5bn), and Eurobank EFG, which holds 7.3bn euros ($9.7bn).
| + | Man at his fundamental is a curious being. What if? Is obviously being thought about whether itas merely a casual thought through the day or determining how to get at Mars. Advancing technology is just who man is. Using solar may satisfy our current environmental dilemmas but inaddition it satisfies our intellectual needs. If solar powered energy isnat used it wonat advance and our have to know wonat be satisfied. Intellectually, solar is a good idea. |
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| - | Once the bond exchange is completed, those holdings will be worth less than half their current value, and if you include future interest payments, worth 70% less.
| + | Leave the planet a much better place |
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| - | Outside Greece, French and German banks hold the most Greek debt.
| + | All through time man has discovered a way to mess up the planet in one way or still another. All the time, man has screwed up because of ignorance or with good intentions. Using solar, right now, is apparently one of those good intentions. It may turn out to be a negative thing 200 years in the future, but for now, it may be one of many only methods to leave the world a little better then when we got here. |
| - | The last bailout?
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| - | Many foreign banks have already accepted that their investments in Greece are now worth just a fraction of their original value, irrespective of the latest deal.
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| - | In its most recent set of results, France's BNP Paribas, the biggest owner of Greek debt outside Greece, said that it had written down the value of its Greek debt by 75% on its balance sheet.
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| - | And according to the Barclays report, Commerzbank is the biggest holder of Greek debt among Germany's banks. Its holdings of government debt have complicated its efforts to raise new finance to boost its balance sheet.
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| - | For the average investors, the effect of Tuesday's bailout is limited. Most insurance companies and investment firms have little or no exposure to Greece.
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| - | Some hedge funds have built up their holdings in Greek debt, but it is likely to be a relatively small amount, perhaps less than five billion euros.
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| - | It is thought some will refuse to sign up to the bailout deal and hope to be repaid in full.
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| - | Analysts are now wondering whether the latest deal will be enough. The Greek economy is in recession, making it even more difficult for the nation to pay its debts.
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| - | "The debt sustainability analysis is much worse than people were expecting," said Laurent Fransolet, head of fixed-income strategy research at Barclays Capital.
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| - | "It's ambitious and we cannot be sure this is the last bailout. Does it buy a bit more time? Yes. But the next one will have to involve the official sector much more."
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Water goes black, trees are dying and the air we breathe gets larger and thinker by the moment. There are numerous solutions to these issues, but oddly, the supply that got the whole thing going may actually be the response to resolving the bad choices created for the planet. Solar power got the entire process going and may be the treatment for getting hired back on course.
In its deliberate use, solar energy gave us heat and light. As evolution worked its magic solar power was not an alternative source of power, it was a'the- source of power as it warmed the world and moved the air. Now, our amoderna technology has changed to a spot where we are able to yet again use solar energy to warm and move our air. But why should we use solar powered energy when the same earth that gave the sunshine to us gave the coal to us to accomplish the same process? There are many reasons, and a lot of them are of the sort that folks can recognize with; they're self serving and fully hedonistic.
All you've got to accomplish these days is start an heat and electric statement to observe much it costs to light and heat your property. Solar power is a superb method to more or less eliminate the costs associated with lighting and heating your property. For those that are using solar powered heating and lighting equipment today there's little if any cost connected with lighting and heating their houses. Yes, there is an up-front cost to adding these units but pay back moments through cost savings and tax credits are becoming shorter and shorter because of better technology and recognition. These recent users report that they make money from applying solar power systems simply by paying only a little closer focus on how they use the power that they've. For the absolute most part, they indicate that a 30 second glance at back-up batteries for little bit of mind is all of the additional time needed to start saving money.
Some may possibly say that piece of mind doesn't get very far in regards to a series of dark days. Batteries, they say, may come to an end or get low. From all accounts, however, gloomy day issues, in a majority of the climates, are not an issue. In reality, most users find that they have an excessive amount of electricity that ends up just likely to waste. Approximately most people- once - thought. Even though entire US is not quite there yet most sates demand that utilities buy right back extra power generated from those desiring to keep on the power grid. Though it may seem a bit odd, solar power customers discover that their electric meters really run backward a serious bit of times when solar power systems are in use. God forbid there were 2-3 weeks of nothing but cool and clouds, but if there are the manager is free to use the power they sold back once again to the application. At night home front, add a wind mill and a water wheel and you've a good little income turbine with the electric energy paying you.
There is a specific segment of the citizenry that just does not wish to be linked to the agrida, as it is called by the power and information society. For these folks solar powered energy is a good alternative. Solar devices are relatively low cost and getting lower cost every single day. They can also tolerate a hailstone traveling at 50mph. For survivalists and on occasion even for a character that requires to irrigate his crops in the middle of nowhere, solar may be the way to go.
Man at his fundamental is a curious being. What if? Is obviously being thought about whether itas merely a casual thought through the day or determining how to get at Mars. Advancing technology is just who man is. Using solar may satisfy our current environmental dilemmas but inaddition it satisfies our intellectual needs. If solar powered energy isnat used it wonat advance and our have to know wonat be satisfied. Intellectually, solar is a good idea.
All through time man has discovered a way to mess up the planet in one way or still another. All the time, man has screwed up because of ignorance or with good intentions. Using solar, right now, is apparently one of those good intentions. It may turn out to be a negative thing 200 years in the future, but for now, it may be one of many only methods to leave the world a little better then when we got here.
