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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?
More here: Second Quarter GDP Forecast: Blue Chip vs. GDPNow; Where Might the Fed be Wrong?
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See the original post: Moody’s Cuts Chicago Bond Rating to Junk; City Faces $2.2 Billion in Various Termination Fees; Irresponsible…
Visit link: Senate Democrats Throw Obama Under the Bus: Fast Track Trade Bill Stalls; Right For Wrong Reasons
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.
A May 5 Chicago Tribune editorial viewpoint said the same thing: Pass a Bankruptcy Law, Give Taxpayers a Chance . Many people view bankruptcy as a "nuclear option" for local governments in Illinois — a bad choice that will only bring disaster. Actually, if we do it the right way, it may be the best path for averting true financial devastation in communities statewide.
Establishment +233K Jobs; Household +192K Employment, Part-Time Employment +198K, Labor Force +166K Initial Reaction Today we see a snap back from last month’s report on both establishment jobs and household survey employment. Last month the household survey came in at an anemic 34,000. This month it is 192,000.
See the original article here: UK Election Shocker: Exit Polls Show Cameron’s Tories Do Far Better Than Expected, 10 Short…