Hard hitting global and local news
Read More: Wholesale Sales Unexpectedly Decline (Most in Nearly Five Years), Inventories Unexpectedly Rise
The EPI had an interesting chart and comments in its report The Vast Majority of the 5.8 Million Missing Workers Are Under Age 55 . Since the start of the Great Recession over six years ago, labor force participation has dropped significantly. Most of the drop—roughly three-quarters—was due to the lack of job opportunities in the Great Recession and its aftermath.
Links US-Turkish Relations: In Search of a Comfortable Footstool March 11, 2014 (Tony Cartalucci – New Eastern Outlook ) – It began in Istanbul’s Gezi Park where we are excepted to believe protests over 2.5 million strong (.pdf ) stemmed from opposition to a development project. AFP would report in its article, “ Turkish protesters have long list of complaints ,†that: What started as a small group opposed to a development project in Istanbul has become an outpouring of national anger over how the Islamist-rooted government treats its citizens, testing Ankara’s quest to be a model country in its neighborhood. Turks are increasingly frustrated about what they see as restrictions on their freedom after a series of last-minute reforms were rushed through parliament by the ruling Justice and Development Party (AKP), which enjoys an overwhelming majority. “This is a movement which is a result of growing frustration and disappointment among secular segments of society who could not influence politics over the last decade,†said Sinan Ulgen, visiting scholar at Carnegie Europe. “This is an unprecedented, abrupt and unplanned public movement that has not been manipulated by any political party.
See more here: West’s Muted Response on Terror Attack in China
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
See original article: Book Review: The Money Bubble (What to Do Before it Pops) – Two Thumbs Up
Original post: Millennials walk the walk but don’t talk the talk
Taken from: Culture of Greed and Arrogance: Minutes Show Bank of England was Aware of Currency Rigging Eight Years Ago
See more here: War Talk Roundup: China Has "No Room for Compromise with Japan"; Spotlight on China, Japan, US, Iran,…
Followup post by el Economista The Ministry of Economy approved the bankruptcy reform legislation to save viable businesses including a provision that transforms debt into equity . If creditors representing at least 60% of the financial liability agree, forced conversion of loans into equity may last up to five years. If creditors representing at least 75% of the financial liability agree, forced conversion of loans into equity may last ten years