Hard hitting global and local news
Read the original: McDonald’s Global Sales Slump 1.9 Percent; Price, Competition, Jobs to Blame
Looking for evidence of rebalancing in Europe? Don’t look here: German 2012 trade surplus soars despite weak December reports Germany’s trade surplus was the second highest in more than 60 years in 2012, pointing to an underlying resilience in Europe’s largest economy, although both imports and exports disappointed in the last month of the year
Reuters reports Record low current account surplus shows Japan’s challenges Japan posted its smallest annual current account surplus on record in 2012 as exports weakened and energy imports grew, a signal to Prime Minister Shinzo Abe that economic revival needs more than just a weaker yen and extra spending. The current account surplus is likely to continue shrinking as energy imports rise due to the closure of nuclear power plants and as Japanese exporters lose out to more competitive Asian rivals, economists say. Japan’s current account surplus was 4.7 trillion yen ($50.4 billion) in 2012, Ministry of Finance data showed, a figure that seems impressive.
Please consider a repost of Quinn’s Illinois: regulations and cronyism crush entrepreneurship by Ben VanMetre. In Gov. Pat Quinn’s State of the State address , he said, “In our Illinois, small business means big business
Spain’s seasonally adjusted unemployment rate is 26.6% according to Eurostat data as mapped by Google. The BBC reports Youth unemployment is a record 55% . Deficit Targets Missed Again and Again Spain was supposed to reduce its deficit to 6.3% by the end of 2012.
Visit link: Germany Rebounds but … France Economic Implosion Accelerates; Record Decrease in Service Employment in Italy
View original post here: Boehner Opposes Delay in Spending Cuts Without Reforms; House Passes Bill Requiring Balanced Budget Plan From…
Rajoy Further Implicated in Scandal; Support Drops to 23.9% in Record Plunge Posted by Michael Shedlock at 8:24 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Continue reading here: Yum! The McRib is Back, Get Yours Today (After You Find Out What’s In It); The Secret’s…
Excerpt from: Last Hurrah for Jobs? Establishment Survey +157,000 Jobs; Household Survey +17,000 Jobs; Unemployment Rate +.1 to 7.9%; Unemployment…