Diving Into the GDP Report of -2.9% Growth
June 25, 2014 0

Diving Into the GDP Report of -2.9% Growth

By News Desk

Let’s dive into the First Quarter 2014 Third Estimate from the BEA for some weather-details. Real GDP declined 2.9 percent in the first quarter, after increasing 2.6 percent in the fourth. The downturn reflected a downturn in exports, a larger decrease in private inventory investment, a deceleration in PCE, and downturns in nonresidential fixed investment and in state and local government spending, partly offset by an upturn in federal government spending

EU Punishes Thailand for Ousting Mass Murdering Dictator
June 25, 2014 0

EU Punishes Thailand for Ousting Mass Murdering Dictator

By News Desk

June 24, 2014  ( Tony Cartalucci – NEO ) – AFP reported in an article titled, " EU raps Thailand on coup, cuts official contacts ," that: European Union foreign ministers on Monday condemned the military takeover in Thailand and agreed punitive measures to back up calls for an urgent return to democratic rule. It also claimed: The ministers halted all official visits to Thailand and suspended the signing of a partnership and cooperation accord with Bangkok, a statement said

French Private Sector Contracts Second Month; Eurozone Composite Growth Weakest in 6-Months
June 23, 2014 0

French Private Sector Contracts Second Month; Eurozone Composite Growth Weakest in 6-Months

By News Desk

Flash France Composite Output Index down to 48.0 (49.3 in May), 4-month low Flash France Services Activity Index falls to 48.2 (49.1 in May), 4-month low Flash France Manufacturing Output Index falls to 47.1 (50.3 in May ), 6-month low Flash France Manufacturing PMI drops to 47.8 (49.6 in May), 6-month low Summary June’s flash PMI data painted another picture of subdued economic performance in France, with output down for a second successive month, orders falling slightly and the sharpest cut in staffing levels for four months.

Russia to Swap Intel-AMD Processors For Local Technology
June 21, 2014 0

Russia to Swap Intel-AMD Processors For Local Technology

By News Desk

June 22, 2014  ( Tony Cartalucci – LocalOrg ) – Russia’s ITAR-TASS News Agency reported in an article titled, " Russia wants to replace US computer chips with local processors ," that: Russia’s Industry and Trade Ministry plans to replace US microchips Intel and AMD, used in government’s computers, with domestically-produced micro processor Baikal in a project worth dozens of millions of dollars, business daily Kommersant reported Thursday.