Yes.. that was a pun.
I have been reading in the news about the situation in Cyprus. It is a desperate one... In order to receive a bailout Cyprus must have a one off tax on not just wealthy but also the middle to lower class. This was immediately rejected by MP vote. However they are fast approaching a deadline that will see the close of all their banks. A feared run on the banks has closed banks and the stock exchange until Thursday but that is only a delaying of the inevitable... One of the real issues to surface from this situation is that nearly 1/3 of all accounts are held by Russians which most likely means mob money or at least illicit money. Russia has thusly declared that if Cyprus imposes the tax they will demand repayment of a previous loan as well as pull all of their money out of Cyprus thusly bankrupting the country by losing 1/3 of their economy. What a pickle... Either way they are in trouble.
Today started out great but descended quickly as I have learned that multiple students of mine have been cheating.... Haaadooo
I have been reading in the news about the situation in Cyprus. It is a desperate one... In order to receive a bailout Cyprus must have a one off tax on not just wealthy but also the middle to lower class. This was immediately rejected by MP vote. However they are fast approaching a deadline that will see the close of all their banks. A feared run on the banks has closed banks and the stock exchange until Thursday but that is only a delaying of the inevitable... One of the real issues to surface from this situation is that nearly 1/3 of all accounts are held by Russians which most likely means mob money or at least illicit money. Russia has thusly declared that if Cyprus imposes the tax they will demand repayment of a previous loan as well as pull all of their money out of Cyprus thusly bankrupting the country by losing 1/3 of their economy. What a pickle... Either way they are in trouble.
Today started out great but descended quickly as I have learned that multiple students of mine have been cheating.... Haaadooo
No comments:
Post a Comment