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Hard hitting global and local news
Read the original: Regional Fed Reports Five for Five in Contraction; Texas Region Worsening, Richmond Negative Again
Cracks in the Economy Widen as Durable Goods Orders Sink The word of the day is "awful".
More: Keen vs. Keen: Will the Real Steve Keen Please Stand Up?
Links Russia’s "Bombing" of Syrian Hospitals: The Incredible Expanding Lie October 27, 2015 ( Tony Cartalucci – NEO ) – In any war, collateral damage is inevitable. And no matter how careful Russia attempts to be, one cannot avoid eventually killing innocent civilians. That is why it is so important to make sure any war fought is justified to begin with – so that when a tragic mistake is made it is not compounded by the fact that the war within which it took place shouldn’t have been fought in the first place.
Refugees will Freeze to Death Warns Juncker Without assigning any blame to himself for the predicament, Juncker warns Refugees Will Freeze to Death . Migrants crossing the Balkans will begin freezing to death as winter approaches, the head of European Union has said, as leaders warned the continent was "falling apart" trying to deal with the biggest refugee crisis since the Second World War
Read the original post: Sales, Earning Estimates Contract First Time Since 2009; US Back in Recession?
Warning Shot: Poland Elects Rightwing Eurosceptic, Anti-Immigration Government A direct consequence of rising anti-immigration sentiment, Poland Elects Rightwing Eurosceptic, Anti-Immigration Government by an outright, albeit slim majority according to exit polls. Final results are due tomorrow.
Reuters asks Why are Chinese Malls Closing if Consumption is Rising? Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and department stores, despite official data showing a sharp rebound in retail sales that helped the world’s second-largest economy beat expectations in the third quarter. The answer to that apparent contradiction lies in the rising competition from online shopping and government purchases possibly boosting retail statistics.