Hard hitting global and local news
In an effort to rein in costs, the city of Camden NJ will fire its entire 270 member police force and instead will use Camden County officers. Mayor Dana Redd and Police Chief Scott Thomson noted that for the same price, Camden can have 400 county officers on staff. That is nearly a 50% increase in the number of officers for the same price
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. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves.
Rabett Run has today’s SSMIS map from Uni Bremen and is now taking bets that before the end of summer there will be no ice in the Arctic below 90N 80N. A few more days of the cyclone and the Bunny may have to offer odds. Neven as usual has the details
No entity is willing to stand up and say the obvious, that Greece is insolvent and cannot and will not pay back its debts. Moreover, in spite of an ECB mandate that prohibits direct financing of governments, the ECB is doing just that. Simply put, the ECB is printing euros, to give to the Greece, so that Greece can make interest payments to the ECB on maturing bonds
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.
See more here: Saudi Arabia Revolution May Ruin NATO’s Syria Plans
As a result "Les Riches" Have Tax Indigestion and are looking to move outside France. “We’re getting a lot of calls from high earners who are asking whether they should get out of France,†said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy
See the original article here: How to Reply to a BBC World Service Request
French Central Bank Admits the Obvious: France Back in Recession For those who who view matters on a practical basis, France has been in recession the entire year. For those who need to see two quarters of negative growth first, France slides back in recession . France is headed back into recession for the second time in just over three years, the country’s central bank warned on Wednesday.
Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone Posted by Michael Shedlock at 2:34 AM 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)