May 30, 2015
Odds of losing a Job to Automation: Which Jobs are at Risk, Which Aren’t?
Librarians: 64% College Professors: 3.2% I disagree with some of those.
Hard hitting global and local news
Hard hitting global and local news
Librarians: 64% College Professors: 3.2% I disagree with some of those.
Read More: Who’s Driving the Rohingya into the Sea?
First Quarter GDP -0.7%; GDPNow Second Quarter Forecast +0.8%; Economists Get Zero Accolades; Smoothed Recession Odds First quarter GDP came in at -0.7% pretty much in line with the Bloomberg Consensus estimate of -0.8%. First-quarter GDP was revised down about as expected, to minus 0.7 percent vs expectations for minus 0.8 and compared with an initial reading of plus 0.2 percent. Updated source data made for a bigger negative contribution from net exports as imports spiked 5.6 percent from an initial gain of 1.8 percent.
Read this article: Five Chicago Suburbs Headed for Bankruptcy (More Illinois Cities Will Follow)
See the article here: Chicago PMI Unexpectedly Crashes: New Orders, Production and Employment Down by More Than 10%
See original article: Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili’s, Applebees, Panera
Tweet Not Toast Of The Not Knowing A little more on the lawsuit flop against John Mashey – Stoat has posts (one of them with a brilliant headline), and John M links to his lawyers’ brief arguing for dismissal . If you thought the summary of the flaws in the case looked bad, read the full brief. The jaw drops.
The ECB is attempting to stem the flow by not upping emergency liquidity assistance (ELA) as noted yesterday in Run on Greek Banks Accelerates; ECB Halts Emergency Funding Hike; Untangling the Lies Everyone Prepared? When the ECB and Germany say they are prepared for Grexit, do they include taxpayers who will have to foot the bill for default? My friend Lars from Norway pinged me with this observation today…
