Hard hitting global and local news
Via translation, El Confidential comments on the Banking Drag of €238 Billion Nonperforming Loans at Spanish Banks . The profitability of banks has plummeted. And only the loose monetary policy of the ECB has improved the results.
As a guest post, here is the opinion of IMD Professor Carlos A. Primo Braga on on the economic, political and psychological drivers of Brazil’s currency slide.
Crain’s Chicago Business reports Emanuel Gets His Huge Property Tax Hike . The City Council has approved Mayor Emanuel’s bad-news city budget, including plans for a record $543 million city property tax hike over the next four years
Links The Life and Death of a Russian Soldier The West ignores its own veteran suicides, and seeks to use those in other countries for propaganda value. October 28, 2015 (Op-Ed by Dmitry Vorsin – Treacherous Treat ) – On the early morning of August 6, 1915, the German offensive against the Russian fortress of Osowiec begun with a wicked trick against humanity – a gas attack. The defenders refused to yield even after on of the most brutal artillery bombardments in history, but even when the fortress itself was reduced to rubble, the surviving Russian soldiers used stones and craters for protection
Read the original post: Sales, Earning Estimates Contract First Time Since 2009; US Back in Recession?
View article: Sweden’s Migration Projection Doubles in Three Months (And It Won’t Stop There); No Cash, Just Vouchers (Hah!)
See the article here: Third Party Logistics: Will Amazon Disrupt UPS and Uber or Will Uber Disrupt Amazon, FedEx, and…
One relative bright spot is Amazon Hiring More than Penney’s, Walmart Combined . Leaving one widely watched holiday hiring forecast in the dust, Amazon (AMZN) said Tuesday that it will add 25 percent more seasonal workers this year, outpacing many of its bricks-and-mortar competitors who plan to keep hiring flat.
Original post: UberRUSH: Uber’s On-Demand Delivery Service Rolls Out in New York, Chicago, and San Francisco
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