July 25, 2013
Only Hope For Italy is Bankruptcy
See the article here: Only Hope For Italy is Bankruptcy
Hard hitting global and local news
Hard hitting global and local news
See the article here: Only Hope For Italy is Bankruptcy
Lee Munson of Portfolio LLC says " Sell the gold rally ". The question for investors and speculators alike is if gold has at long last marked the end of a wrenching nearly two-year pullback from the 2011 highs over $1,900. Lee Munson of Portfolio LLC says any rally marks a chance to make a graceful exit from their positions
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The Financial Times reports Brazil declares new ‘currency war’ Brazil has declared a fresh “currency war†on the US and Europe, extending a tax on foreign borrowings and threatening further capital controls in an effort to protect the country’s struggling manufacturers. Guido Mantega, the finance minister who was the first to use the controversial term in 2010, said the government would not “sit by passively†as developed nations continue to pursue expansionary monetary policies at the expense of Brazil.“When the real appreciates, it reduces our competitiveness
Continue Reading: Epic Glut of Graduates Depresses Wages; Fake Job Offers Taint Hiring Statistics
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Continued here: Drop the Stick and Back Slowly Away From That Horse Carcass
Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of “technical bankruptcy” and “service insolvency” is growing.
Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of “technical bankruptcy” and “service insolvency” is growing.