Hard hitting global and local news
Hard hitting global and local news
15 Year Old Kid Develops Foolproof Test for Pancreatic, Ovarian and Lung Cancer; Test Costs 3 Cents, Takes 5 Minutes Posted by Michael Shedlock at 11:14 AM 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.
Less Than Useless: Goldman Sachs Lowers Gold Forecast Following Plunge (Purposely Late?); Downside Risks In the less than useless category, Goldman Sachs lowered its gold price targets by over $200 an ounce following the recent plunge. Goldman now says Gold’s Cycle Seen Turned . The cycle for gold prices, which climbed for 12 straight years, has probably turned as the recovery in the U.S
Following a wave of suicides in China, one at Foxconn where a worker twice attempted to kill himself and succeeded the second time, Foxconn suspended hiring, deciding to use more robots .
Read More: 2012 Export Growth by Country; China and US at Top of List; World Trade Slowdown; Rebalancing at Glacial…
Read the original: McDonald’s Global Sales Slump 1.9 Percent; Price, Competition, Jobs to Blame
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.
Read more here: Scheduled For Release Friday, 5 PM
Please consider L’austérité à la française: city sells prized wines . The city of Dijon has just sold off half of its prized municipal wine cellar to help fund local social spending – including a bottle of 1999 Burgundy knocked down at auction for €4,800 to a Chinese buyer. In total, the capital of the Burgundy region raised €151,620 from the “historic sale†of 3,500 bottles that were part of a collection built up since the 1960s, it announced in a statement on Monday
Bringing 21st Century coal to Newcastle. I mean, to China