Hard hitting global and local news
More: Big Brother in Action: EU Wants Power to Sack Journalists; Prime Minister Rajoy Threatens Newspapers Following Corruption Articles
More: Israeli Attack: Desperate Bid to Save Failed Syrian Campaign
"Shocking" Contraction The GDP report was a shocker, coming in at an annual rate of negative 0.1%.
Click on any chart to see a sharper image Current data is as of November Annotations in purple by me Let’s start with a look at the rate of increase in home prices vs. the rate of increases in OER
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.
Adding to the war on science: gun research, pregnancy-rape connection…. Keith Kloor is tired of people talking about the war on science.
China Averts $482 Billion in Local Bank Defaults via Massive Rollover Scheme; Extend-and-Pretend Chinese Style The Chinese banking system is insolvent. Of course, the entire global banking system is insolvent, but today’s spotlight is on China. Please consider China averts local government defaults .
See original article: "We Are Going To Kill The Dollar" Says Obama Senior Official; When, How, Asks Mish
Iceland Wins! "Icesave" Lawsuit Dismissed, Court Orders EC and EFTA to Pay Costs Posted by Michael Shedlock at 12:09 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Please consider L’austérité à la française: city sells prized wines . The city of Dijon has just sold off half of its prized municipal wine cellar to help fund local social spending – including a bottle of 1999 Burgundy knocked down at auction for €4,800 to a Chinese buyer. In total, the capital of the Burgundy region raised €151,620 from the “historic sale†of 3,500 bottles that were part of a collection built up since the 1960s, it announced in a statement on Monday