Hard hitting global and local news
The inevitable shape-of-things-to-come has finally arrived in a major California city. I am pleased to report Voters in bankrupt San Bernardino sweep old guard from power .
Continued here: Thailand: The People Have Spoken – No Confidence in Regime or System
Latest EU Proposal: Let’s Pretend for Another 50 Years! Why Now? What cannot be paid back won’t, but that never stops officials from pretending it will. Please consider EU Said to Weigh Extending Greek Loans to 50 Years .
View post: Brazil, Russia Cancel Debt Auctions; Head-in-Sand Move Won’t Work
Originally posted here: Obamacare Creates Incentive to Work Less; CBO Estimates Obamacare Will Cost 2 Million Full-Time Equivalent Jobs by…
Taken from a Barron’s roundtable discussion, ZeroHedge reports Marc Faber Warns "Insiders Are Selling Like Crazy… Short US Stocks, Buy Treasuries Gold"
Read the original post: Warming up to the Warming World MOOC
Today, the New York Times reports Detroit Turns Bankruptcy Into Challenge of Banks . Amy Laskey,a managing director at Fitch Ratings, said in a recent report that she sensed an “us versus them†orientation toward debt repayment