German takeover of NYSE seen next week
OPS_admin | Feb 12, 2011 | Comments 0
The board of NYSE Euronext is expected to meet on Sunday to discuss a planned takeover by Deutsche Boerse and a deal announcement is likely to come by Tuesday, according to news reports.
Deutsche Boerse and NYSE Euronext said on Wednesday they were in advanced talks to merge, just hours after London Stock Exchange unveiled a bid for Canadian market operator TMX Group Inc.
Other exchanges said they were considering striking their own deals or looking to take advantage of the distraction, in early signs of ripples through the world’s capital markets.
CBOE Holdings Inc, IntercontinentalExchange Inc , BATS Global Markets and Chi-X Europe all weighed in Friday on the deals that would see Europeans acquire the New York Stock Exchange and the Toronto Stock Exchange.
“Every exchange that wasn’t involved in the two mergers — the four that were not involved — had to at lunch on Wednesday be asking themselves, ‘Should I be involved in some way?’ and calling their bankers and thinking strategically,” said Alan Dean, CBOE’s chief financial officer.
Full Story Here: German takeover of NYSE seen next week – Business – World business – msnbc.com.
OPS: So let’s extrapolate. We have been programmed for years to think that the NYSE = the US Economy. e.g. When the NYSE went up we were told that the ‘Great Recession’ was over and the recovery was over and the US Economy was healthy again. It wasn’t true because there are still no jobs in this country and the number of good paying jobs is the basis for the economy not how well the Casino on Wall Street is doing. But I digress. So if the NYSE = Us Economy, then the Germans are going to control the US Economy? And the Fascist Oligarchy is OK with that?
Filed Under: Economy - Labor
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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