June 3, 2014
Smoke and Mirrors Hide the Collapse in Corporate Profits
View the original here: Smoke and Mirrors Hide the Collapse in Corporate Profits
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Hard hitting global and local news
View the original here: Smoke and Mirrors Hide the Collapse in Corporate Profits
Link: Thailand Coup 2014 – Message to John Kerry and the World
Read the original: Sweden Central Bank Governor Proposes the Obvious: Mortgages Should be Paid Back in One’s Lifetime
The governor of West Virginia : These proposals appear to realize some of our worst fears….based on our initial review of these rules, not a single West Virginia power plant will be in compliance if the rules were in effect today despite the billions of dollars companies have already spent to modernize their facilities.
Visit site: Ukrainian Warplanes Miss Targets, Hit Civilians
ISM Correction Heartburn ISM twice revised its manufacturing numbers today, then issued this Correction Notice . ISM ® has discovered an error in its software programming for calculating the May 2014 Manufacturing PMI ® that was released at 10 a.m. ET this morning
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Black Knight’s April Mortgage Monitor shows almost 2 million modifications face interest rate resets, and 40 percent of those resets are underwater. Email News Release "We have seen a continual reduction in the number of underwater borrowers at the national level for some time now, but modified loans show a different picture," said Kostya Gradushy, Black Knight’s manager of Loan Data and Customer Analytics. "While the national negative equity rate as of April stands at 9.4 percent of active mortgages, the share of underwater modified loans facing interest rate resets is much higher — over 40 percent
News media reporting of the situation in Ukraine has nearly vanished in the past couple of weeks. Here is an update from reader Jacob Dreizin, a US citizen who is fluent in Russian and can read Ukrainian.
Rate of job creation eases Summary:Â Japanese manufacturing firms saw a decline in output for the second month running in May alongside a con tinued fall in new orders and new export orders. That said, rates of decline for both new orders and output eased from those seen in April. Employment numbers grew in May for the tenth month running, albeit at a slower pace