August 9, 2013
Chinese media praises Russia over restricting US’ abuses of power
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Hard hitting global and local news
Hard hitting global and local news
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View article: Reflections on "Paper Reserves" of Central Banks; Gold and the Tapering Disconnect
See original article: US Consumer Spending Flat Since March – Gallup
Read More: Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? US in a Minsky Bubble? About to Go…
The above link is from the Fox News story Army won’t suspend contracts with Al Qaeda-tied companies, citing ‘due process rights’ In a scathing passage of his latest report to Congress, Special Inspector General John Sopko said his office has urged the Army to suspend or debar 43 contractors over concerns about ties to the Afghanistan insurgency, "including supporters of the Taliban, the Haqqani network and al Qaeda." Sopko wrote that the Army "rejected" every single case. Sopko pointed out the apparent disconnect between one part of the Army that is killing insurgents and the other part that allegedly is doing business with them
Here is a bit of QE History from Wikipedia. Quantitative Easing 1 (QE1, December 2008 to March 2010) "On November 25, 2008, the Federal Reserve announced that it would purchase up to $600 billion in agency mortgage-backed securities (MBS) and agency debt
Original post: Message to 5.7 Million Truck Drivers "No Drivers Needed" Your Job is About to Vanish; Time Marches On,…
More: Job Growth Trends by Type of Job and Part-Time Status
Weakest rise in service sector activity in nine months Services employment and new orders broadly stagnate Ninth successive month of higher input prices in the service sector Summary The latest data for Japanese service providers indicated that the expansion evident in previous surveys continued in July, but the pace slowed. Business activity increased only marginally, whilst new business and employment stagnated, in each case ending eight-month sequences of growth. The headline seasonally adjusted Business Activity Index fell in July to 50.6 from 52.1 in June
PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents’ Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nation’s young adults ages 18 to 31 the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S