Hard hitting global and local news
See the article here: Greek Banks’ Non-Performing Loans Hit 43%; Only €14 Billion Recapitalization Needed?
In what should be perfectly obvious (but isn’t to Germany and Sweden), EU’s Refugee Policy Helps People Smugglers . Europe is running a “people-smugglers’ promotion programme†that is “massively overburdening†several countries, Austria’s foreign minister has warned.
Continue Reading: Eurozone Target2 Imbalances Creeping Back Up
Read the original: US Middle-Aged Whites With No College Education Dying at Shocking Rate
Factory Orders Sink 11th Time in 14 Months Factory orders decline once again, in line with the Bloomberg Consensus , but last month was also revised lower. New orders for the export-hit factory sector fell 1.0 percent in September for the 11th decline in 14 months with August revised 4 tenths lower to minus 2.1 percent. September orders for durable goods, initially posted in last week’s advance report, are unrevised at minus 1.2 percent, held down in part by a downswing in civilian aircraft but nevertheless showing wide weakness
Rising Trucker’s Pay, Falling Desire for Trucking Jobs Provide Reasons Self-Driving Trucks Will Reshape Industry Fewer and fewer people are willing to live the trucker’s life. This has created a shortage in drivers and in turn Rising Pay is Reshaping the Trucking Industry . The shortage of truck drivers in the U.S
Continued here: Washington Post Confirms: ISIS Supplied Via Turkey, a US Excuse to Seize Syria
Tweet I want to follow up on Eli’s comment below that "There is a place between blogs, arXiv and Science for really speculative papers, but the authors need to strongly defend themselves." Yes, and Hansen’s paper is properly occupying that place, assuming it can stay defended. But then, think about a speculative paper that went for the mirror-opposite side of the spectrum, saying "what if we’ve been wrong about everything about climate change and here’s a negative feedback mechanism previously undiscovered that will safely limit things." Let’s further assume this turns out not to be a Galileus paper but a Bozo paper , as seems likely. The normal consequences of publishing something that’s wrong is bent, by denialism
View article: UK Seeks "Two-Tier" Europe Enshrined in Law