Hard hitting global and local news
View the original here: Venezuela Strengthens Currency Controls in Impossible Mission to Stop Capital Flight; Airlines Collapse; End of the…
All things considered, expect nothing less than a massive Tsunami of Retail Store Closings and Downsizings . On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April.
I made a nearly-identical statement yesterday in a comment regarding my post False Thesis of the Day: Huge Cash Pile Puts Recovery in Hands of Corporations; Cash Cow Revisited . " Cash is just not going to be used for the way Deloitte suggests
Read More: Thaksin’s Mad Dash to Sham Elections (Op-Ed)
Links The Secret War in Libya January 23, 2014 ( Eric Draitser – Stop Imperialism ) - The battles currently raging in the South of Libya are no mere tribal clashes. Instead, they represent a possible burgeoning alliance between black Libyan ethnic groups and pro-Gaddafi forces intent upon liberating their country of a neocolonial NATO-installed government.
More: Occupy Bangkok’s Quest to de-Thaksinize Thailand
See more here: No basis for US spinning Geneva communiqué to demand Assad’s resignation
Continue reading here: State Bank Nonsense from Ellen Brown Revisited
Eurozone PMI Strengthens, Except France; Germany-France Yield Spread Widens; Where to From Here? The Eurozone composite PMI hit its highest since June 2011, but it did so with France still in contraction as noted by the Markit Flash Eurozone PMI .
Anousha Sakoui, M&A Correspondent for the Financial Times says Huge cash pile puts recovery in hands of the few . The pile of unspent corporate cash that has built up since the start of the financial crisis is being held by an increasingly concentrated pool of companies that will be crucial to hopes of a pick-up in business investment to stimulate the world economy.