Euro Area Headed for Break-Up, SocGen’s Edwards Says (Update2) – BusinessWeek

More fallout from the Greece situation:

Tommaso Padoa-Schioppa, a former European Central Bank executive board member and Italian finance minister, said today there was no possibility of a partition of the euro-zone.

“I don’t think there is any prospect for such an event and I don’t think it makes much sense to talk about it,” he said in an interview on Bloomberg Television.

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Adult Swim | All the Dirty Details on BigLaw Life | Sweet Hot Justice

I was an accidental fan of ‘Sex in the City’. I would frequently fly to client locations on Sunday so I could be present on Monday morning. For years it seemed like I would arrive in my hotel room around the starting time for the show. I would unpack with it on and after a while it grew on me.

‘Sweet Hot Justice’ is a blog about being an associate lawyer in a high power, top tier law firm. It’s ‘Sex in the City’ on steroids. It has some amazing stories, some sad stories and a whole lot of truth about what it’s like to work in a big partnership firm. It’s pretty cynical and maybe not safe for work, but it’s funnier than hell and the real deal.

MUST READING FOR ALL THOSE WHO WANT TO BE BIG CITY LAWYERS.

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Europe Risks Another Global Depression | The Baseline Scenario

You may or may not be aware, but Greece is on the edge of a complete economic collapse. The problem is that the more prosperous European Union countries don’t want to ride to the rescue of their unfortunate neighbors:

But the Europeans are not being careful – and it’s not just about Greece any more. Worries about government debt and associated public sector liabilities (e.g., because banking systems are in deep trouble) have spread through the eurozone to Spain and Portugal. Ireland and Italy are next up for hostile reconsideration by the markets, and the UK may not be far behind.

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Aircruise luxury ships floating to the U.S. in 37 hours | Mail Online

Towering, kite-shaped airships could herald a new era of luxury transport following today’s introduction of the Aircruise concept.

Standing 98ft taller than Canary Wharf, packing 330,000 cubic metres of hydrogen gas and capable of lifting 396 tonnes, the Aircruise concept features penthouse apartments, bars and even dizzying glass viewing floors.

Aircruise was created as the antithesis of a hurried, crowded passenger jet. London-based design and innovation company Seymourpowell wanted to rethink transport – on the premise ‘slow is the new fast’. It could ferry 100 people from London to New York in a leisurely 37 hours as opposed to the seven it takes now by airplane.

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