Hard hitting global and local news
Please consider Almost Half of Wealthy Chinese Want to Leave . Nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey
In spite of a massive fearmongering campaign by both Labour and Tories in the UK, Scots Independence Race Tightens Six Days Before Ballot . Scotland’s nationalists drew closer to the Better Together campaign in the latest poll on independence before the referendum, making the run-in to the Sept. 18 vote too close to call.
For detailed analysis, please consider The Worst Job Stat Continues To Get Even Worse by Jed Graham at Investor’s Business Daily. Amid all the focus on boosting the minimum wage and legislating living wages, virtually no one seems to have noticed what is happening to the workweek in low-wage industries. Since December 2012, private industries paying up to about $14.50 an hour have added, on net, 972,000 nonsupervisory jobs with an average workweek of a mere 17.7 hours, an IBD analysis finds.
See original article: US Obesity Rates Exceed 20% in Every State; Care to Supersize That?
See the article here: US Manufacturing ISM Expansion Continues for 15 Consecutive Months
Bloomberg reports EU Vows More Russia Sanctions If War in Ukraine Worsens . European Union leaders agreed to impose tougher sanctions on Russia, possibly targeting energy and finance, if the war in Ukraine worsens. Leaders early today gave the European Commission a week to deliver proposals for the penalties.
The Seattle Times discusses the fine print in Expanded Medicaid’s fine print holds surprise: ‘payback’ from estate after death With an estimated 223,000 adults seeking health insurance headed toward Washington’s expanded Medicaid program over the next three years, the state’s estate-recovery rules, which allow collection of nearly all medical expenses, have come under fire. Medicaid, in keeping with federal policy, has long tapped into estates. But because most low-income adults without disabilities could not qualify for typical medical coverage through Medicaid, recovery primarily involved expenses for nursing homes and other long-term care.
Today, the Wall Street Journal reported U.S. Consumer Spending Declines 0.1% in July .
Saxo Bank chief economist Steen Jakobsen points out the 10-Year US treasury note is the cheapest 10-year government bond in the G7, with the interest rate spread near a record high. Spread of US 10-Year Note Yield vs. G7 Average Yield click on chart for sharper image Via email Steen says ..
See more here: Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductibles, 74% Raise Out of Pocket Maximum,…