Hard hitting global and local news
Let’s dive into the First Quarter 2015 (Advance Estimate) report for details. The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending
Links Burying The Greatest Victory in Spite April 29, 2015 ( Ulson Gunnar – NEO ) – In efforts to demonize Russia, the history of the Western World is being distastefully rewritten. The monumental sacrifices of the Russian people during World War II are not only being marginalized, but flipped upon their heads. Today, reading through the Western media, one will find a multitude of comparisons between Russia and Nazi Germany, with Russian President Vladimir Putin compared with Nazi dictator Adolf Hitler.
View article: Costco vs. Walmart and Reader Responses Over Minimum Wage
The Richmond Fed reports Manufacturing Sector Activity Remained Soft; Employment and Wages Grew Mildly Overall, manufacturing conditions remained soft in April. The composite index for manufacturing moved to a reading of -3 following last month’s reading of -8. The index for shipments and the index for new orders gained seven points in April, although both indicators finished at only -6.
See more here: Deconstructing and Debunking Shadowstats
See the article here: Scheduled for publication in Energy and Environment
Meanwhile, please consider Tsipras Reshuffles Negotiating Team to Sideline Varoufakis . Greece’s outspoken finance minister Yanis Varoufakis has been sidelined after three months of fruitless talks with international creditors to unlock €7.2bn in bailout funds, heartening investors and sparking a rally on the Athens stock market. Eurozone officials said they were encouraged by the move by Alexis Tsipras, Greece’s prime minister, to overhaul his bailout negotiating team in the wake of an acrimonious meeting of eurozone finance ministers in Riga last week
Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves