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Friday, January 14, 2011

Trattoria Cooking: More than 200 authentic recipes from Italy's family-style restaurants

Trattoria Cooking: More than 200 authentic recipes from Italy's family-style restaurants

Advance Praise for Trattoria Cooking "Who wouldn't love doing Biba's research, tracking down the simple, down-to-earth, tasty food that makes Italy such an irresistible destination? For everyone who wishes to know how it is done (and where to go in Italy to find it), she's written a cookbook full of delicious-sounding recipes from the trattorias where real regional cooking goes on. Her recipes are straightforward and easy to follow, and I particularly like all the good tips she gives, like littl

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Euro-Zone Debt Supply So Far So Good But Key Tests Ahead - Wall Street Journal

By Emese Bartha

Of DOW JONES NEWSWIRES

FRANKFURT (Dow Jones)--Euro-zone sovereigns have passed a week of heavy supply reasonably successfully but more crucial tests wait in the pipeline in the form of further auctions and syndications, with January a seasonally busy month for both.

A series of debt sales in fiscally frail or highly indebted countries--Greece, Portugal, Spain and Italy--were smooth this week, with Asian investors likely having stepped in heavily on the buy side, while purchases by the European Central Bank were cushioned the secondary market.

This better mood might have sparked Spain to add a second, longer-dated bond line to the one announced previously to its auction Thursday when it auctions the 4.85% October 2020 and the 4.80% January 2024 bonds for an amount to be announced Monday. Sales of Treasury bills, or short-term debt, from Spain, Greece and Belgium Tuesday, and from Portugal Wednesday, will serve as a warm up for Spain's test of long-term debt sale.

Contrasting some of the prevailing views, some analysts cautiously suggest a likelihood of sentiment change around Spain and also Portugal--the latter, nevertheless, still widely seen as the next candidate for bailout.

Lloyds Banking Group PLC said it has been hearing "more and more talk" about the fact that while the overall national financial position is more favorable for Italy, the relative low level of debt stock makes Spain better positioned in terms of sustainability of financing costs in the face of rising yields, at least in the short term.

"We think this might be a symptom of a market reassessment of Italy's status as 'darling of the peripheral investor'," the bank's analysts said.

Some debt market observers have hinted that the market relief, despite all the remaining stress, is a tentative sign that the markets don't want any more bailouts--a view Portugal's government agrees with.

Ciaran O'Hagan, a strategist at Societe Generale SA in Paris, meanwhile, said: "Ironically, Portugal for us is well on the road towards correcting its fiscal imbalances."

With heavy supply ahead, however, a cautious stance is justified.

"We should see the first EFSF syndication shortly. That should go well, like the European Union bond over a week ago," O'Hagan said, referring to the coming debut bond issue by the European Financial Stability Facility, the EUR440 billion funding vehicle set up after the Greek crisis for euro-zone countries in need.

"Syndications require substantial real money involvement," he said, preferring to hold AAA-rated bonds as a core position for some weeks and wait for the syndications before switching into peripheral bonds. In Societe Generale's view "Portugal for us is well on the road towards correcting its fiscal imbalances."

Triple-A countries, meanwhile also face a heavy test next week too, with up to EUR19.5 billion bonds on offer from Finland, Germany and France, while redemption and coupon payments won't help absorption of supply. In addition, a syndicated issue is whispered on the market to come from Belgium next week or the week after, possibly for a 10-year bond, or OLO, with a likely consequent cancellation of its first scheduled bond auction this year on Jan. 31.

Driven by the market pressure, Belgium is seeking to work out additional deficit cuts for 2011 to offset its fragile political system.

"Arguably, rising risk premium for Belgian government bonds may increase the pressure on politicians to move on forming a government by buying into compromises on the proposed state reform," said Rainer Guntermann, an economist at Commerzbank in Frankfurt. The political vacuum argues for sidelined exposure in Belgian bonds on a relative value basis, with the risk of further underperformance following any budget-deal induced near-term relief, if the political deadlock were to continue for longer, Guntermann added.

By Emese Bartha, Dow Jones Newswires, +49 69 2972 5516;

emese.bartha@dowjones.com

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Handicapping the Debt Limit Debate - Wall Street Pit

Sometime this spring, Congress will vote to increase the debt ceiling. That vote won?t come easy. Newly ascendant House Republicans will threaten to withhold needed votes unless significant spending cuts or budget process reforms are attached to the measure. Democrats will denounce Republicans for threatening the government?s ability to pay its bills. And Treasury Secretary Tim Geithner will be forced into creative financing moves to buy Congressional leaders enough time to strike a deal.

But strike a deal they will. With monthly deficits running around $100 billion, the United States can?t cut spending or increase tax revenues enough to avoid further borrowing this year. It is equally inconceivable (I hope) that our elected leaders will decide to withhold payments from Social Security beneficiaries, our military, and our creditors.

So the debt ceiling will go up. And that means that at least 50 senators and more than 200 House members will cast a politically toxic yea vote.

Which lucky members will they be? The answer may well depend on what other budget provisions accompany the debt limit measure. That?s impossible to handicap today. In the meantime, though, we can look at past votes. They tell a clear story: debt limit votes are about politics, not principle.

Consider, for example, Senate votes on stand-alone debt limit measures over the past decade:

Handicapping the Debt Limit Debate

When Republicans held both the Senate and the White House (2003, 2004, 2006), they provided virtually all the yea votes, while almost all Democrats voted no. When the Democrats were in power (2009, 2010), the roles reversed: the Democrats provided all but one of the yea votes, while Republicans voted no. Only when government was divided ? with a Democratic Senate and a Republican president (2002, 2007) ? has the vote to lift the debt limit been bipartisan.

The House has taken fewer stand-alone votes than the Senate (because of the so-called Gephardt rule, which the Republicans abolished last week), but they show the same pattern: the party in power votes to increase the debt limit:

Handicapping the Debt Limit Debate

History thus suggests that Democrats will bear the burden of lifting the debt limit in the Senate; expect at least 50 yea votes. The only interesting question is whether individual Republicans filibuster the increase; if so, a 60-vote cloture measure would require at least 7 Republican votes as well.

Handicapping the House is more difficult since we?ve had no recent experience with divided government. If the Senate provides any guide, roughly equal numbers of Republicans and Democrats will ultimately vote for an increase. That would allow many Tea Party-backed Republicans to vote no without affecting the outcome. And other members might simply skip the vote. That?s what 21 members did in 2004, when it took just 208 votes to raise the debt ceiling.

Note: Congress increased the debt limit three other times during the past decade as part of larger bills: the 2008 housing act, the 2008 TARP act, and the 2009 stimulus. For simplicity, I have included all votes by Independents with the Democrats, since that?s how those members caucused during this period.

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tumblweed restaurant - recipe for their sauteed mushrooms?

Question by pammy: tumblweed restaurant - recipe for their sauteed mushrooms?
Please I am only looking for the recipe for sauteed mushrooms from Tumbleweed restaurant. THANKS!!

Best answer:
Answer by msjantasticDid you happen to ask at the place? Do they have a web site that may have recipes? I never heard of this place. You may find it at Secret Recipes. They may cook them in butter and red wine. Look around at different recipes and maybe you can tell by what you tasted before.

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IMF official says "scepticism" about euro debt remains - Bbg - Reuters

LONDON | Fri Jan 14, 2011 2:37am EST

LONDON Jan 14 (Reuters) - The euro zone has not yet convinced investors its debt position is sustainable and further contagion could harm global economic recovery, a senior IMF official was quoted as saying.

In an interview with Bloomberg news agency late on Thursday, Naoyuki Shinohara, deputy managing director of the International Monetary Fund, said the premium investors demand to hold Greek and Irish bonds remained "very high" despite their bailouts.

"That means that scepticism over the sustainability of their debt in the market hasn't been cleared away," he was quoted as saying.

"At least for now it looks like the spillover from the European sovereign crisis to areas outside of the region will be limited," Shinohara said. "However, if the European sovereign debt problems were to become bigger, we need to keep in mind that that could bring about considerable downside risks."

Heavily-indebted Spain and Portugal staged successful bond issues this week, easing some concerns about an escalation of euro zone debt strife and buying the bloc's leaders more time to come up with a new package of anti-crisis measures, which analysts say is both essential and urgent. [ID:nLDE70C15C]

Following rescues of Greece and Ireland last year, Portugal and Spain are seen as the euro zone countries most at risk of needing a bailout and weak demand for their bonds would have aggravated jitters and raised pressure on European leaders to act fast. (Reporting by Mike Peacock; editing by Stephen Nisbet)

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IMF official says "scepticism" about euro debt remains - Bbg - Reuters

LONDON | Fri Jan 14, 2011 2:37am EST

"That means that scepticism over the sustainability of their debt in the market hasn't been cleared away," he was quoted as saying.

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