Hard hitting global and local news
Those living in or near Chicago have the opportunity to hear Senator Rand Paul in a discussion about how to transform Chicago, the state of Illinois and the U.S.
Continue reading here: Yellen Yap: Point by Point Rebuttal
More: Another Perspective on Today’s Strong Housing Numbers
Home Builders Optimistic Despite Decline in Traffic; Housing Market Index Declines The National Association of Home Builders’ Housing Market Index once again reveals positive builder sentiment even though new home sales are weak. The HMI is Derived from a monthly survey that NAHB has been conducting for 30 years
Read more here: Robots on Verge of Replacing Human Anesthesiologists
In one of the few economic bright spots recently, housing starts surged beating Bloomberg Consensus Estimates . Highlights There were hardly any indications before today, but the spring housing surge is here
View article: Why Are Economists’ Predictions So Damn Awful?
The Financial Times discusses the situation in Tsipras Letter Reveals Precariousness of Greece’s Finances . Greece came so close to defaulting on last week’s €750m International Monetary Fund repayment that the prime minister warned IMF chief Christine Lagarde he could not pay it without EU aid
Read more here: Obama’s Push to Expand Credit to "Credit Invisibles"
Industrial Production, Down 5th Month, Weaker Than Economist Expectations Industrial production came in at -0.3%, down for the fifth consecutive month below the Bloomberg Consensus Estimate . Industrial production is stalling, down 0.3 percent in April for a 5th straight monthly contraction. Factories are cutting back with capacity utilization down 4 tenths to 78.2 percent