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More: Bottom 5 States in Fiscal Condition: New Jersey, Connecticut, Illinois, Massachusetts, California
More Christie Allegations: Mayor of Flooded Hoboken Claims "Christie Held City Hostage" New Jersey Governor Chris Christie has been damaged by numerous allegations involving political paybacks regarding lane closures on the George Washington Bridge that disrupted traffic for days. That scandal was bad, but at least Christie has claimed no personal involvement.
Via translation from La Vanguardia, please consider Bank Defaults Hit Record 13% in November . Delinquency ratio of banks, savings banks, cooperatives and credit institutions operating in Spain rose again in November to 13.08%, a level not seen since the data began to be collected, over 50 years
Earlier today, President Obama gave a long-awaited and long-winded speech on the NSA. The Washington Post has the transcript . Here are my thoughts: Obama says we need more "balance" between security and liberty.
Via translation from El Economista please consider Most of the public debt held by banks not penalized in the stress test . What looked like was going to be a strict stance of the European Central Bank (ECB) regarding sovereign debt portfolios of financial institutions, is not so
First, please consider the article Why Singapore’s Economy Is Heading For An Iceland-Style Meltdown . Like Iceland in its heyday, Singapore’s economic stability and vitality – on the surface at least – has made it the envy of the world at a time when most Western economies are languishing with feeble growth, and high rates of unemployment and poverty.
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Excerpt from: Gallup Poll: #1 U.S. Problem is Government, the Economy is #2
If Obama’s threat sounds familiar it’s because it is.
See more here: Five Housing Headwinds; Mortgage Originations Lowest Since 2010; Refinancible Loan Percentage Collapses; Payment Shock