Hard hitting global and local news
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Today, the New York Times notes Banks Forgive Debt That Isn’t There . GREETINGS, unhappy homeowners! Here’s some wonderful news: “We are canceling the remaining amount you owe Chase!†says a letter that JPMorgan Chase sent recently to thousands of home loan borrowers. “You are approved for a full principal forgiveness of your Home Equity Account,†says another, from Bank of America
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.
New export orders fall at fastest rate in 42 months Output and input prices continue to fall Purchasing activity declines amid weak demand and lower production requirements Data in September signalled a stronger decline in Chinese manufacturing output, as the volume of new orders fell for the eleventh consecutive month. New export orders declined at the sharpest rate in 42 months amid reports of weak international demand, while lower workloads were linked to a fall in backlogs of work. After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index™ (PMI™) – a composite indicator designed to give a single-figure snapshot of operating conditions in the manufacturing economy – posted 47.9 in September, up slightly from 47.6 in August, and signalling an eleventh successive month-on-month deterioration in Chinese manufacturing sector operating conditions.
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
It’s not the usual lopsided intellectual battle we discuss here at Eli’s. Â This is Michael Mann criticizing Nate Silver’s somewhat skeptical take of climate prediction capability in Silver’s new book: It’s not that Nate revealed himself to be a climate change denier; he accepts that human-caused climate change is real, and that it represents a challenge and potential threat.
Output and new orders both down again, albeit at slower rates Weaker underlying demand and strong yen impact on export orders Charges cut at sharpest rate for over two years Summary: Operating conditions in Japan’s manufacturing sector continued to worsen at a modest pace in September.
The report titled, " Al-Qa’ida’s Foreign Fighters in Iraq " stated specifically: The apparent surge in Libyan recruits traveling to Iraq may be linked the Libyan Islamic Fighting Group’s (LIFG) increasingly cooperative relationship with alâ€Qa’ida, which culminated in the LIFG officially joining alâ€Qa’ida on November 3, 2007.   The vast majority (84.2%) of Libyans that recorded their route to Iraq arrived via the same pathway running through Egypt and then by air to Syria. This recruiting and logistics network is likely tied to LIFG, which has long ties (not all positive) with Egyptian and Algerian Islamist groups.      The announcement that LIFG had officially sworn allegiance to alâ€Qa’ida was longâ€expected by observers of the group.
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