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For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January 2014, I dropped the Birth/Death Model charts from this report
Reuters reports Austria Imposes Debt Moratorium on Heta "Bad Bank" Austria’s Financial Market Authority stepped in on Sunday to wind down "bad bank" Heta Asset Resolution and imposed a moratorium on debt repayments by the vehicle set up last year from the remnants of defunct lender Hypo Alpe Adria. The step, allowed by new legislation that gives banking supervisors more power to intervene, followed an outside audit of Heta’s balance sheet that exposed a capital hole of up to 7.6 billion euros ($8.51 billion) which the government was not prepared to fill, the FMA said. The moratorium on repayment of principal and capital lasts until May 31, 2016, giving the FMA time to work out a detailed plan to ensure equal treatment of all creditors, the FMA said in a decree published on its website
See more here: Chicago PMI Crashes to 5 1/2 Year Low: Production, New Orders, Backlogs Suffer Double Digit Declines
Florida -30.3% since April 2006 Arizona -29.5% since May 2006 Illinois -22.5% since July 2006 Connecticut -20.9% since July 2006 California -20.2% since May 2006 Michigan -20.1% since July 2005 Maryland -19.9% since June 2007 New Jersey -19.5% since June 2006 Performance Analysis Florida, Arizona, and Illinois are the three worst of the largest 20 states in terms of recovery. Recovery has to do with several factors including magnitude of previous bubble, jobs, and tax policy
View original post here: Head-On Collision: Germany Rejects Greece "Trojan Horse"; Slovakia Rules Out Further Aid
See original article: Pessimism in Spain: 83% Say Economic Situation is Bad; Podemos Takes Huge Lead in Latest Poll
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For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution?