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View original post here: Spanish Debt Grows by €146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910
More: Sinking Yen a "Byproduct, Not a Focus" of Trade Wars Says Japan; G-20 Takes Harder Line on Currencies
See more here: Can You Beat a Chimpanzee in a Memory Test?
See the original post: Western "Exceptionalism" Crumbling as Aussie Senator Deported from Malaysia
Read More: 2012 Export Growth by Country; China and US at Top of List; World Trade Slowdown; Rebalancing at Glacial…
View post: Wealthy French Eye Belgian Tax Breaks (Everyone in France Should Do the Same)
The original source of the data is a study Striking it Richer: The Evolution of Top Incomes in the United States by Emmanuel Saez. From 2009 to 2011, average real income per family grew modestly by 1.7% but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%
As expected in this quarter (but not by economists) eurozone economies contracted at the sharpest rates in four years with Germany, France, and Italy falling short of consensus estimates. The eurozone consensus was .4%. The 17-nation bloc shrank at .6% quarter-on-quarter while the broader 27-nation bloc shrank .5% quarter-on-quarter.
Aaron Swartz protesting SOPA. ( Demand Progress ) Unfortunately, what many in the tech community seem not to realize, or have forgotten in their moment of presidential aggrandizing, is that Obama represents bi-partisan servitude to corporate-financier interests , the very interests that off-shored the planet’s most advanced and capable manufacturing base in human history in the first place.
Segment Start: 01 h 29 min 31 sec Segment End: 01 h 51 min 05 sec 5. Under the Radar