October 12, 2012
IMF Admits It Prescribed Wrong Medicine; Is IMF Short for I Must Fail?
Read this article: IMF Admits It Prescribed Wrong Medicine; Is IMF Short for I Must Fail?
Hard hitting global and local news
Hard hitting global and local news
Read this article: IMF Admits It Prescribed Wrong Medicine; Is IMF Short for I Must Fail?
Birth Rates of US, UK, Australia, China, Canada, Korea, Germany "China Will Grow Old Before Growing Rich" My friend "BC" emailed the above links along with a few thoughts. "BC" writes. Developmentally, China is where the US was in the late 1920s and early 1930s, and where Japan was in the late ’60s and early ’70s, but China does not have the luxury of growing supplies of $10-$15 oil as did Japan.
Visit site: So Much For Today’s Surprising "Drop" In Weekly Jobless Claims; California Forgot to Report 30,000 Claims; What We…
Read the original post: US Deploying Military Personnel to Syrian-Jordanian Border
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Courtesy of Google Translate from El Economista , please consider Parla, one step from bankruptcy: cannot deal with creditors . The economic situation of the City of Parla "can not deal with creditors and maintain basic health services to citizens," according to the report of the Audit Chamber of the Community of Madrid, who advised to take measures to continuity of the consistory.
In response Japan carmakers to cut China production by half . Sales have plunged at Japanese car makers since violent protests and calls for boycotts of Japanese products broke out across China in mid-September over the Japanese government’s purchase of a group of disputed islands in the East China Sea from their private owner.
Similarly, Bloomberg reports Netherlands House Prices Dropped the Most on Record Last Month House prices in the Netherlands, the fifth-biggest economy in the euro area, dropped in July by the most since the index started in 1995. Prices declined 8 percent from the same month a year earlier, after falling 4.4 percent in June, national statistics agency CBS in The Hague said on its website today. Values have fallen 15 percent from a peak in 2008 and are back to about the same level as eight years ago, CBS said
Lost Bet On Friday, I lost a bet made in March of 2010 regarding unemployment . I bet that the unemployment rate would not dip below 8% before June 2015. I crunched numbers many ways and simply decided there is no way the economy could possibly grow enough jobs.