Hard hitting global and local news
The Wall Street Journal reports Fed Signals Rate Hikes at a Gradual Pace The Federal Reserve signaled it was moving toward interest-rate increases later this year now that signs of a slowdown in economic activity are waning, but the path of rate increases could be less steep than officials anticipated. The last time the Fed made such projections, its consensus appeared to be building around two rate increases this year
Today we also learned the Syriza Left Demands ‘Icelandic’ Default as Defiance Stiffens .
Housing Starts Decline 11.1%, Underperform Economists’ Expectations, Still Labeled "Solid"; GDPNowcast Ticks Down 0.1% Housing starts underperformed the Bloomberg Econoday Economists’ Consensus Estimate enough for the Atlanta Fed GDPNow Forecast to give back the 0.1% it gained yesterday, yet the report is still considered "solid". Don’t let the headline fool you, the housing starts & permits report points to solid strength for the housing sector.
See the original post: Shifting Sentiment in Spain: 2011 vs. 2015; Could an Anti-Euro Party Win the 2015 Spanish National…
View article: No Rebound in Manufacturing: "Surprisingly Weak" Industrial Production Numbers; How Long Can Auto Sales Hold Up?
More: Time Pressure Thesis; Let’s Play Ball; Greece 2-Year Bond Yield Hits 28.5%
See the original article here: East Must Provide Alternative to, Not Replace Western Hegemony
See the original post: Greece Walks Out After 45 Minutes, Talks Collapse; Default Math: Who Foots the Bill? How Much?
Tweet Nononono, not Roger Pielke Jr, Bjorn Lomborg, Willard Anthony Watts, or Matt King Coal Ridley. Recently as steam has run out on "Coal for Africa" with the falling prices of renewables making them the power source of choice in the third world, especially the rural third world, we have, courtesy of the Breakthrough Institute, Ecomodernism , which, according to the manifestoso In this, we affirm one long-standing environmental ideal, that humanity must shrink its impacts on the environment to make more room for nature, while we reject another, that human societies must harmonize with nature to avoid economic and ecological collapse