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As expected in this quarter (but not by economists) eurozone economies contracted at the sharpest rates in four years with Germany, France, and Italy falling short of consensus estimates. The eurozone consensus was .4%. The 17-nation bloc shrank at .6% quarter-on-quarter while the broader 27-nation bloc shrank .5% quarter-on-quarter.
Aaron Swartz protesting SOPA. ( Demand Progress ) Unfortunately, what many in the tech community seem not to realize, or have forgotten in their moment of presidential aggrandizing, is that Obama represents bi-partisan servitude to corporate-financier interests , the very interests that off-shored the planet’s most advanced and capable manufacturing base in human history in the first place.
Segment Start: 01 h 29 min 31 sec Segment End: 01 h 51 min 05 sec 5. Under the Radar
However, economists were wrong again as Japan fourth-quarter GDP shows economy still in recession Japan’s economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession and adding weight to the new government’s push for radical policy steps to revive growth.
Read More: Reader Reflections on "Watson" the Medical Computer
Links Hypocrisy: US Arms Al Qaeda in Syria, Mass-Slaughters Civilians in Afghanistan February 13, 2013 (LD) – AFP has reported that a recent NATO airstrike in Afghanistan has killed over 10 civilians in an all-too-familiar headline glossed over by the Western media in an exercise of both depravity and hypocrisy. RT’s article, " NATO airstrike kills 10 Afghan civilians, mostly women and children – officials ," notes in particular that up to 11,864 civilians were killed in Afghanistan between 2007 and 2011, and that civilian deaths before 2007 were not even tracked by the UN . Such facts reveal alarming hypocrisy as the UN keeps almost daily, inflated tallies of civilian deaths elsewhere, in particular, in nations like Libya and Syria where Western interests have been heavily involved in regime change and in dire need of manipulating public perception worldwide
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Common Plans, Coordinated Lies, and G7 Currency Statements Inquiring minds are investigating an amusing set of lies from the G7. At the top of the list is Group of 7 Will Let Market Decide Currency Values . Seven major developed countries including the United States and Germany pledged on Tuesday to let foreign exchange markets determine the value of their currencies