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Hard hitting global and local news
Excerpt from: Labor Department $100 Million Giveaway to Stop State Layoffs
Pettis on Debt, Currency Wars, Commodity Prices and Capital Flight; China FDI Contracts 8.7% YoY, 8th Drop in 9 Months The much-denied hard landing in China is now underway with weakening data everywhere one looks.
Thursday, August 16, 2012 Syria Update: Terror & Hypocrisy US-backed terrorists bomb UN in Damascus – US Defense Secretary Leon Panetta’s obtuse hypocrisy turns US into international laughingstock. James CorbettÂ
Originally posted here: Latest UN Syria Report Compiled by Washington Think-Tanker
More here: Is Italy Following the Footsteps of Greece? Does Italy or Germany Exit the Eurozone First?
Total Revenues: -$468.8 million (-10%) Income Tax: $156.2 million (5%) Sales Tax: -$390.7 million (-40%) Corporate Tax: -$26.4 million (-9.1%) What the Numbers Tell Us Typically, July is a month when California revenues go on vacation, as the month accounts for about one dollar of every $20 deposited in the General Fund.
Please consider this news headline which I openly mock: Expert says bankruptcy for Syracuse is unlikely, but mayor should explore option While the financial situation in the city of Syracuse hasn’t been described as desperate yet, Mayor Stephanie Miner has asked for some legal expertise on municipal bankruptcy. The signs of the city’s financial problems have been evident for several years as city employees accept wage freezes and fire and police departments see staff reductions. The city will use an early payment from Albany to help keep the budget from dipping into dwindling reserves.
Originally posted here: Germany 6% Current Account Surplus a "Threat to the Continent" Says EU Commission; Solution is Gold Coupled…
The Guillotine Drops A few weeks ago, before Joe Paterno’s statue was removed, Eli wrote in a post entitled Death Penalty Eli, as some have noted, is an ancient professor, an academic if you will. He has followed the collapse of governance at Penn State with the interest of a bunny watching a disaster unveiled, and recently saw much back and forth about the NCAA (the folks who profit from and do the pompous on intercollegiate athletics in the US) imposing the death penalty on football at PSU.