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Read More: Draghi Warns ECB Economic Policies May Lead to Financial Instability and Worsen Income Inequality; Stupidity Index at New…
Original post: Steel Consumption in China Declines First Time in Three Decades; Painful Rebalancing
Read More: Producer Prices, Import/Export Prices Decline Again; Still Think the Fed Will Hike?
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Continue Reading: Greece Empties IMF Reserve Account to Pay IMF; Liquidity "Terribly Urgent" Says Finance Minister
Household Spending Growth Expectations Plunge; Recession Already Started?
Merkel’s Own Party Ready to Give Up on Greece; Another Week of Deadlines; Reflections on Can Kicking German Chancellor Angela Merkel is increasingly isolated in her stance on Greece. Growing Pressure From Within the ranks of her own party bloc to give up on Greece for the sake of the euro. Members of Merkel’s Christian Democratic bloc are openly challenging her stance of keeping Europe’s most-indebted country in the 19-nation currency region.
A self-proclaimed "progressive capitalist" (hypocrite) store owner in San Francisco complains about Proposition J which voters passed with a 77% approval rate hiking the minimum wage to $15. Capitalism for Me Socialism for Thee The National Review details the plight of Brian Hibbs, owner and operator of Comix Experience, an iconic comic-book and graphic-novel shop on San Francisco’s Divisadero Street, of the city’s new minimum-wage law. Hibbs says that the $15-an-hour minimum wage will require a staggering $80,000 in extra revenue annually.
Meet Yangyang Another Humanoid Robot A female humanoid robot " Yangyang ", named and modeled after her creator, has a variety of realistic facial expressions. "Yangyang" wows visitors at Beijing’s Global Mobile Internet Conference. The robot is modeled on one of the researchers who helped develop the technology.