Hard hitting global and local news
Courtesy of Google Translate from El Economista , please consider Parla, one step from bankruptcy: cannot deal with creditors . The economic situation of the City of Parla "can not deal with creditors and maintain basic health services to citizens," according to the report of the Audit Chamber of the Community of Madrid, who advised to take measures to continuity of the consistory.
In response Japan carmakers to cut China production by half . Sales have plunged at Japanese car makers since violent protests and calls for boycotts of Japanese products broke out across China in mid-September over the Japanese government’s purchase of a group of disputed islands in the East China Sea from their private owner.
Similarly, Bloomberg reports Netherlands House Prices Dropped the Most on Record Last Month House prices in the Netherlands, the fifth-biggest economy in the euro area, dropped in July by the most since the index started in 1995. Prices declined 8 percent from the same month a year earlier, after falling 4.4 percent in June, national statistics agency CBS in The Hague said on its website today. Values have fallen 15 percent from a peak in 2008 and are back to about the same level as eight years ago, CBS said
Lost Bet On Friday, I lost a bet made in March of 2010 regarding unemployment . I bet that the unemployment rate would not dip below 8% before June 2015. I crunched numbers many ways and simply decided there is no way the economy could possibly grow enough jobs.
172,910 6,555 Taking demographics into consideration, the BLS projected the labor force to grow by 7.19 million to 156.51 million in 2010.
Originally posted here: US Now Overtly Supports MKO’s Terrorist Operations
Sunday, October 7, 2012 Venezuela’s Victory Over Wall Street Venezuela looks to have effectively outmaneuvered Western designs to overthrow national sovereignty, but many challenges lay ahead. by Tony Cartalucci Image : President Hugo Chavez soundly defeated US-backed opposition , despite a coordinated propaganda campaign, and millions of US State Department dollars utilized to manipulate the elections. Venezuela still faces many challenges. …
See the original article here: Venezuela Opposition Founded by Wall Street Alumni
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Bloomberg reports Merkel Arrival in Athens to Be Met by Anti-Austerity Protesters “Mr. Samaras said we should welcome Mrs