May 11, 2013
Germany France Feud Erupts Again; German Central Bank Head Blasts France
Read More: Germany France Feud Erupts Again; German Central Bank Head Blasts France
Hard hitting global and local news
Hard hitting global and local news
Read More: Germany France Feud Erupts Again; German Central Bank Head Blasts France
Portugal’s Constitutional Court has ruled several key articles of the 2013 state budget unconstitutional.
Read the original post: History Licking Its Chops to Judge George Bush
Daily Show "Monsanto Bill": In Budget Bill Congress Inserts Provisions on Genetically Modified Foods and Gun Control Please watch the first part of last night’s Daily Show .
View original post here: France Postpones Austerity and Deficit Targets for Rest of 2013
What Bernanke Didn’t Say About Housing (And Everything Else); Bernanke’s Ploy Caroline Baum had some interesting comments about Bernanke’s testimony before Congress in her writeup What Bernanke Didn’t Say About Housing . One of the more interesting exchanges at Ben Bernanke’s testimony to the Financial Services Committee today was the one between the Federal Reserve chairman and Representative Scott Garrett, a Republican from New Jersey.    Citing Bernanke’s assertion that one of the benefits of QE had been the rise in home prices, Garrett said the following: "Previously you have said that the Fed’s monetary policy actions earlier this decade, 2003 to 2005, did not contribute to the housing bubble in the U.S. So which is it?
See the original post: About That Surprise California Budget "Surplus": There is No Surprise and No Surplus Either
Read More: Ron Paul on Military Spending, the Fiscal Cliff, Bipartisan Politics, Hypocrite Republicans
Obama Deal Adds $3.97 Trillion to Deficit Over 10 Years; Only 5 Republicans Voted Against; White-Flag Surrender For all the pissing and moaning over the fiscal cliff, there was never much of a "cliff" in the first place. Worse yet, every delay made matters increasing irresponsible in terms of addressing the deficit. The final result, as passed by the Senate, watered down budget cuts from $600 billion to a mere $12 billion