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Read the article: Competitive Easing Madness; Japan to Double Monetary Base; Draghi Signals More Easing; Yen Plunges
The Huffington Post describes the setup in Stockton Pensions Present Problem In Bankruptcy At the conclusion of a three-day trial, a judge on Monday formally granted the city Chapter 9 protection, over the objections of creditors who questioned whether it was fair for the city to fully meet its obligations to the state pension system while other debt holders go partly paid.
See the original post: Stockman Fires Back at Krugman, Labeling Krugman "Utterly Disingenuous"
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Taken from: Sharp Deterioration in French Manufacturing; Hollande Orders Employers to Pay 75% Tax; Top Executives Join France Exodus
Continue reading here: Spain’s Deficit Set to Soar; GDP Poised to Plunge; Job Losses Fastest in 3 Years; IIF Wants…
Tweet One of the surprising things is that the sea is not flat, but there are places where sea level is lower than others, rising faster than others or slower. Mostly bunnies just look at the averages, but the money, just as with temperature and precipitation changes is local. Turns out that the northeast US coast, from Cape Hatteras on north up to Maine is the so called Northeast Hot Spot (NEH) and the rate of sea level rise since 1950 or so is three times the global. Sallenger Doran and Howd explore the " Hotspot of accelerated sea level rise on the Atlantic coast of North America ". Turns out it’s not all bad news because In the late twentieth century, sea levels were relatively low along the North American east coast, particularly north of Cape Hatteras8,9