German Finance Minister: We're Giving $283 Billion To The EFSF And "That's It. Finished."

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German Finance Minister Wolfgang Schaeuble ruled out a larger German contribution to the European Financial Stability Facility in an interview published Saturday, according to Sky News.

"The European Financial Stability Facility has a ceiling of 440 billion euros, 211 billion of which is down to Germany. And that is it. Finished,'" he told magazine Super-Illu.

This is the latest in a string of comments from Schaeuble that have wrecked hopes for an EFSF capable of recapitalizing European banks or taking on larger debts from peripheral Europe.

Dow Jones also reports that Schaeuble ruled out leveraging the EFSF in a meeting with the Free Democrats (FDP) on Tuesday.

Despite Schaeuble's criticism of expanding the fund, his tune could change after a meeting October 9 between German Chancellor Angela Merkel and French President Nicolas Sarkozy. Reports say the meeting will be focused on speeding the economic integration of Europe, a proposal German voters are likely to reject.

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FOR SALE: A $35 Million Estate In California That's Perfect For Horse Lovers

FOR SALE: A $35 Million Estate In California That's Perfect For Horse Lovers Login With Facebook | Login With Twitter | Login | Register The Life Contributors Home Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics EuropeData Misc. Your Money Video Latest Your News The Life Home Destinations Toys Real Estate Culture Travel The Life 50 HiveTapePRContributors Follow us on Facebook and get updates from The Life Contributors posted directly to your news feed  FOR SALE: A $35 Million Estate In California That's Perfect For Horse Lovers   1/10         Tags: Real Estate, Features, California | Get Alerts for these topics » Short URL Share: Twitter Facebook Buzz Digg StumbleUpon Reddit LinkedIn Email More about embedding posts »Embed More about Alerts » Alerts Newsletter See Also: A LOOK BACK IN TIME: 6 Listings That Revisit Architectural Styles Of The PastCheck Out The Other Models On Display At The 2011 Frankfurt Auto ShowIf Your Diamonds Came From One Of These Countries, They Probably Helped Fund A War
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Email Zip FOR SALE: A $35 Million Estate In California That's Perfect For Horse LoversJared Paul Stern, JustLuxe | Sep. 26, 2011, 8:30 PM | 1,002 | A A A   xEmail Article From To Email Sent!You have successfully emailed the post.

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Jared Paul Stern URL Jared Paul Stern is the editor of UrbanDaddy's DRIVEN and The Country Gentleman as well as a regular contributor to A Continuous Lean.

Recent PostsA Montana Tycoon Bought His Own Canadian Shipyard To Overhaul His...Beyoncé And Jay-Z Are Celebrating Parenthood Aboard A Yacht In...Drink The World's Most Expensive Whisky At A Hotel Lounge In... Jaguar Cars Partner with Luxury Brands for Platinum Access Gun Cabinet by Viscount David Linley Priced at $46,000 Merryvale Vineyards of St. Helena, California | Historic Napa Valley Winery El Campeon Farms in Hidden Valley, California, considered by many to be the premier equestrian property on the west coast, has been listed for sale at $35 million via Hilton & Hyland, an affiliate of Christie’s International Real Estate.

Situated on 158 acres of pristine, sustainable land, the El Campeon is known for hosting movie productions and serving as a training ground for Olympic athletes.

Residential elements include a main house with three en suite bedrooms and two offices, cottages, a ranch manager's house, ranch office and staff apartments, totaling nine bedrooms and 15 baths in all.

The world-class equestrian facilities include indoor and outdoor riding rings with Klinkert footing systems, a 200,000-square-foot Grand Prix grass arena, a 200-ton hay barn, solar power systems, a European horse exerciser, sand and grass paddocks, a complete set of jumps, a state-of-the-art 40-stall horse barn with veterinary facilities, and a tractor barn and machinery shops.

The picturesque acreage features a pond with a stream, a bridge, waterfall, dock and water wheel, wildflower meadow and riding trails. Hidden Valley is a peaceful enclave located between Santa Barbara and Los Angeles. Visit HiltonHyland.com to learn more.

Click here to tour the equestrian estate >View As One PagePlease follow The Life on Twitter and Facebook.

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There's Only One Currency That's Still Doing Better Than The Dollar

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With everything getting smashed today, the dollar is on a complete tear against everything.

The commodity currencies (Aussie, Canadian dollar) are getting hit. Gold is getting hiw. The SWISS FRANC is getting hit.

The one currency that keeps chugging away to new highs?

The Japanese yen, the country that the US is currently trying to model itself after.

Here's a look at the dollar vs. the yen going back a little bit. You can see the dollar keeps grinding lower against it.

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Look At All This Web-Only TV That's Actually Good

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There is plenty of terrible Web-only video.

But you know what?

There is also some great stuff out there.

From meditations on yuppies to meditations on living in Brooklyn, the web world can be a funny place.

We found seven of the best.

Enjoy.

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The Chart That's Worth 1000 Words: The Connection Between Fed Intervention And The Markets

  x You have successfully emailed the post. Doug Short is the vice president of research at Advisor Perspectives.

September is off to a weak start, and this morning's pre-market futures have taken a tumble on an even worse September start in Europe. Later this week President Obama will address congress with a jobs plan. Ten days later the Federal Reserve will embark on a two-day FOMC meeting (originally planned for one day) to assess the economy and weigh future options. With this in mind, let's take another look at the track record of Federal Reserve intervention since the onset of the Great Contraction.

If a picture is worth a thousand words, this chart needs little additional explanation — except perhaps for those who are puzzled by the Jackson Hole callout. The reference is to Chairman Bernanke's speech at the Fed's 2010 annual symposium in Jackson Hole, Wyoming. Last year Bernanke strongly hinted about the forthcoming Federal Reserve intervention that was subsequently initiated in November of 2011, namely, the second round of quantitative easing, aka QE2. The recent August Jackson Hole event gave us less concrete expectations. But the minutes of the September FOMC meeting could be next Bernanke shoe to drop.

With current levels of unemployment and a heightening fear of renewed global financial risk, the odds of more Fed intervention are certainly growing.

This post originally appeared at Advisor Perspectives >

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Tour The Elevated Park In New York City That's Drawing 50,000 Visitors A Day

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Image: Robert Libetti / Business Insider

This weekend marks the unofficial end of the summer, so don't miss your chance to get out and enjoy some final summertime activities.

For many New Yorkers taking a stroll on the High Line is a favorite one. More than 300,000 people visited the park in June, and on a busy Saturday as many as 50,000 people walk through it.

The park originally opened as part of a partnership between the community based not-for-profit group, Friends of the High Line and the City of New York back in July of 2009 and stretched from Gansevoort Street to 20th Street. But  this summer visitors have even more space to enjoy after the opening of the the second section (20th to 30th streets) in June.

The park cost the city $152 million to renovate, $44 million of which was raised by Friends of the High Line. A price Mayor Bloomberg says was well worth the investment, citing that it has generated an estimated $2 billion in private investment in the surrounding area.

Originally built in 1930s, the High Line was part of the West Side Improvement Project. It was constructed in order to remove dangerous freight train traffic from the streets of the city and cost approximately $150 million at the time. No trains have run on the High Line since 1980.

But whatever the cost, plenty of New Yorkers have spent the last couple years enjoying it. So we thought we'd take you on and end-of-the-summer tour to appreciate it for yourself.

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