Rate Shopping Whores and Chicago’s Bond Rating
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Hard hitting global and local news
Read More: Rate Shopping Whores and Chicago’s Bond Rating
View post: The Climate Club Adopts Eli Rabett’s Simple Plan
The Financial Times discusses the situation in Tsipras Letter Reveals Precariousness of Greece’s Finances . Greece came so close to defaulting on last week’s €750m International Monetary Fund repayment that the prime minister warned IMF chief Christine Lagarde he could not pay it without EU aid
Visit site: Heartland Institute – Convenient Cognitive Dissonance
Read more here: Obama’s Push to Expand Credit to "Credit Invisibles"
Here’s the exchange in Danish newspapers (emphasis added, some typos corrected): Kare Fog, a critic of Lomborg: …. Lomborg will presumably refer to his Copenhagen Consensus conference, where it is shown with – seemingly – matter-of-fact cost/benefit calculations that it pays better to solve other problems than global warming ….. [The audience members] do not know that t he figures have arisen by discounting calculations and that Lomborg has cheated in these calculations. He has used one discount rate for climate projects, and another discount rate for the remaining projects
Continue reading here: Consumer Confidence Plunges Below Any Economist’s Estimate; Consumers Shock Economists
Read More: Empire State Manufacturing Weaker Than Economists’ Expectations
Industrial Production, Down 5th Month, Weaker Than Economist Expectations Industrial production came in at -0.3%, down for the fifth consecutive month below the Bloomberg Consensus Estimate . Industrial production is stalling, down 0.3 percent in April for a 5th straight monthly contraction. Factories are cutting back with capacity utilization down 4 tenths to 78.2 percent