Draghi’s Trillion-Euro Pump Finds Blockage in Spain: Euro Credit.

http://www.bloomberg.com/news/2014-09-25/draghi-s-trillion-euro-pump-finds-blockage-in-spain-euro-credit.html

Mario Draghi’s plan to channel as much as 1 trillion euros ($1.3 trillion) into the euro region’s economy is running into a blockage: some companies in the countries hardest hit by the debt crisis don’t want the money.

“We’re getting calls from lenders every day,” said Miquel Fabre, 34, whose family-run beauty products firm Fama Fabre employs 43 people in Barcelona. “They can see that they’ll benefit from a loan because we’re doing good business and will return the money. Whether it’s in our interest as well is a different question.”

Many small and medium-sized businesses are wary of the offers from banks as European Central Bank President Draghi prepares to pump more cash into the financial system to boost prices and spur growth. The reticence in Spain suggests demand for credit may be as much of a problem as the supply.

The monthly flow of new loans of as much as 1 million euros for as much as a year -- a type of credit typically used by small and medium-sized companies -- is still down by two-thirds in Spain from a 2007 peak, according to Bank of Spain data. The total stock of loans is almost 470 billion euros below the 2008 record of 1.87 trillion euros, the figures show.

Spanish bonds rose for a third day yesterday, with 10-year yields dropping to 2.11 percent, after further evidence that Draghi may have to resort to buying government debt to get cash into the economy. The ECB’s latest attempt to funnel money through the financial system with a targeted-loans offer, known as TLTRO, was shunned by banks on Sept. 18.

Software maker Vincle Internacional de Tecnologia y Sistemas SA is also shunning bank funding for its expansion in Latin America next year. The firm will dig into its own funds to provide the 250,000 euros needed to open an office in Colombia and hold off extra investments until the new business generates can pay for them, said deputy general manager Hector Recio.

Funding Costs

“Funding ourselves enables us to be independent,” said Recio, whose Barcelona-based company counts Danone and Novartis AG (NOVN) as clients. “Spending money they didn’t have led many companies to close down in Spain. We prefer a more sustainable approach.”

Wary Banks

“Demand for funding has dropped because the costs remain high for small companies and the conditions hard to meet,” said Carlos Ruiz, economics director at Cepyme, a federation of Spanish SME groups.

And even at those prices, some of the supply proves illusory. Juan Ramon Gomez, 41, says he knocked on four doors to find a bank willing to lend him 3,000 euros to buy an air-conditioning unit for an office rental business in Madrid that has been profitable since January.

“Many banks are calling to offer loans,” Gomez said. “That doesn’t mean they’re actually going to grant them. Banks are still extremely wary of not being paid back. They’re not trusting anyone.”

Back in Barcelona, Fabre says his company has about 2 million euros of bank credit lines to cover needs in between orders and sales only. It’s ruled out funding investments with other money than re-invested profits.

“We’re not interested in borrowing money to expand,” said Fabre, whose company was founded by his grandfather in 1946. “Demand is too limited to make it worth the risk of using someone else’s money.”

Shoppers in Barcelona, Spain.

Eating also helps: Here are 10 fresh foods that keep your liver healthy:(1)

http://www.huffingtonpost.ca/2012/09/13/foods-for-liver_n_1880715.html

Garlic:
Garlic helps your liver activate enzymes that can flush out toxins. It also has a high amount of allicin and selenium, two natural compounds that aid in liver cleansingsays holistic nutritionist Hermeet Suri.

6 Foods That Boost Your Mood AND Help You Lose Weight.(3)

http://www.womenshealthmag.com/weight-loss/boost-mood-lose-weight

Stop diet-induced hanger dead in its tracks with these feel-good foods.

Greek Yogurt

High-protein foods, such as Greek yogurt, can spur the creation of life-is-good brain chemicals like dopamine and norepinephrine and also rev up our energy levels and alertness, says Young. Luckily, this is also a golden food for helping with weight loss: Researchers at the University of Tennessee in Knoxville found that people who ate 18 ounces of Greek yogurt daily while cutting total calories lost more weight and more belly fat than those who skipped the creamy treat.

Lung Cell.

http://en.wikipedia.org/wiki/Animal

A newt lung cell stained with fluorescent dyes undergoing the early anaphase stage of mitosis.

Sponges (Porifera).

http://en.wikipedia.org/wiki/Animal

The sponges (Porifera) were long thought to have diverged from other animals early.They lack the complex organization found in most other phyla.Their cells are differentiated, but in most cases not organized into distinct tissues.Sponges typically feed by drawing in water through pores.Archaeocyatha, which have fused skeletons, may represent sponges or a separate phylum.However, a phylogenomic study in 2008 of 150 genes in 29 animals across 21 phyla revealed that it is the Ctenophora or comb jellies which are the basal lineage of animals, at least among those 21 phyla. The authors speculate that sponges—or at least those lines of sponges they investigated—are not so primitive, but may instead be secondarily simplified.

Groups of Animals.

http://en.wikipedia.org/wiki/Animal

Ctenophora, Porifera, Placozoa, Cnidaria and Bilateria

Phylogenetic analysis suggests that the Porifera and Ctenophora diverged before a clade (ParaHoxozoa) that gave rise to the Bilateria, Cnidaria and Placozoa.Another study based on the presence or absence of introns suggests that Cnidaria, Porifera and Placozoa may be a sister group of Bilateria and Ctenophora.A December, 2013, study,and a June, 2014, study both concluded, using entirely distinct methodologies, that the cladogram of animals is:

	Choanoflagellata
Animal	Ctenophora    Porifera Placozoa Cnidaria Bilateria

Some suggest Animals appeared as early as 1 billion years ago.

http://en.wikipedia.org/wiki/Animal

Some paleontologists suggest that animals appeared much earlier than the Cambrian explosion, possibly as early as 1 billion years ago.Trace fossils such as tracks and burrows found in the Tonian period indicate the presence of triploblastic worms, like metazoans, roughly as large (about 5 mm wide) and complex as earthworms.During the beginning of the Tonian period around 1 billion years ago, there was a decrease in Stromatolite diversity, which may indicate the appearance of grazing animals, since stromatolite diversity increased when grazing animals went extinct at the End Permian and End Ordovician extinction events, and decreased shortly after the grazer populations recovered. However the discovery that tracks very similar to these early trace fossils are produced today by the giant single-celled protist Gromia sphaerica casts doubt on their interpretation as evidence of early animal evolution.