May 12, 2015
Household Spending Growth Expectations Plunge; Recession Already Started?
Household Spending Growth Expectations Plunge; Recession Already Started?
Hard hitting global and local news
Hard hitting global and local news
Household Spending Growth Expectations Plunge; Recession Already Started?
Microsoft has finally abandoned its bug-ridden update model process. Extreme Tech reports Windows 10 will be the last version of Windows . For the last few decades, Microsoft would sit down and build a new version of Windows every three years or so.
A self-proclaimed "progressive capitalist" (hypocrite) store owner in San Francisco complains about Proposition J which voters passed with a 77% approval rate hiking the minimum wage to $15. Capitalism for Me Socialism for Thee The National Review details the plight of Brian Hibbs, owner and operator of Comix Experience, an iconic comic-book and graphic-novel shop on San Francisco’s Divisadero Street, of the city’s new minimum-wage law. Hibbs says that the $15-an-hour minimum wage will require a staggering $80,000 in extra revenue annually.
See the original article here: Atlanta Fed "Keeps Faith in Strong Recovery"
A May 5 Chicago Tribune editorial viewpoint said the same thing: Pass a Bankruptcy Law, Give Taxpayers a Chance . Many people view bankruptcy as a "nuclear option" for local governments in Illinois — a bad choice that will only bring disaster. Actually, if we do it the right way, it may be the best path for averting true financial devastation in communities statewide.
Establishment +233K Jobs; Household +192K Employment, Part-Time Employment +198K, Labor Force +166K Initial Reaction Today we see a snap back from last month’s report on both establishment jobs and household survey employment. Last month the household survey came in at an anemic 34,000. This month it is 192,000.
View article: Clean Sweep by UK Conservatives Masks Huge Rifts
Stratfor has a nice writeup today that explains Where British Politics Is Headed . For the second election in a row, the Labour Party and the Conservatives (or “Toriesâ€), the two traditional heavyweights, probably will not muster the 323 seats needed to form a majority government. Whereas in 2010 the Tories were able to form a reasonably stable coalition government with the centrist Liberal Democrats, this time the numbers do not seem to support a two-party coalition.
Meet Yangyang Another Humanoid Robot A female humanoid robot " Yangyang ", named and modeled after her creator, has a variety of realistic facial expressions. "Yangyang" wows visitors at Beijing’s Global Mobile Internet Conference. The robot is modeled on one of the researchers who helped develop the technology.
Credit Yahoo!Finance for the inane headline of the day: Employers shrug off Obamacare, robbing Republicans of a campaign issue . Just 18 months ago, a Republican fantasy seemed about to come true. The Affordable Care Act was in the midst of a disastrous rollout plagued by dialup-stye technology snafus.