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Read the original post: German Economy Contracts, France Stagnates, Italy in Recession; Time for a Rethink
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In the wake of an inane sales tax hike Japan’s GDP Shrinks 6.8%, Most Since 2011 Gross domestic product shrank an annualized 6.8 percent in the three months through June, the Cabinet Office said. That was less than the median estimate of 37 economists surveyed by Bloomberg News for a 7 percent drop.
View original post here: US to Supply Kurds with Russian Arms via CIA
We can now put some numbers on "forced retirement" thanks to a Fed study that shows 40% of households show signs of financial stress Four out of 10 American households were straining financially five years after the Great Recession — many struggling with tight credit, education debt and retirement issues, according to a new Federal Reserve survey of consumers. This latest snapshot, which the Fed said was aimed at monitoring the recovery and risks to financial stability, adds to the understanding of the severity of the Great Recession’s effect on households and individuals
More: Obama Considers Airstrikes or Humanitarian Air Drops in Iraq
Taken from: Italy "Unexpectedly" Slips Back Into Recession
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See more here: Household Demographics 2003 vs. 2013: Spotlight on Age of Head of Household
Moscow May Force European Airlines to Fly Around Russia . Russian Prime Minister Dmitry Medvedev threatened on Tuesday to retaliate for the grounding of a subsidiary of national airline Aeroflot because of EU sanctions, with one newspaper reporting that European flights to Asia over Siberia could be banned. Low-cost carrier Dobrolyot, operated by Aeroflot, suspended all flights last week after its airline leasing agreement was cancelled under European Union sanctions because it flies to Crimea, a region Russia annexed from Ukraine in March