Hard hitting global and local news
Rounding out our trio of articles from today, please consider Still unclear exactly how QE eases conditions: Fed’s Dudley . Extensive research into massive asset-purchase programs has not yet clarified whether such policies ease financial conditions primarily as a signal to investors or more directly through private portfolios, an influential U.S.
Follow this link: 70% of Spanish Citizens Don’t Believe Prime Minister Rajoy on the Recovery
PMI rises to 11 – month high, indicating solid improvement in business conditions Output supported by strong increase in new orders Employment growth quickens to nine – month high Input price pressures intensifies Summary Business conditions in the U.S. manufacturing sector improved at the fastest rate since January, according to the final December Markit U.S. Manufacturing Purchasing Managers’ Indexâ„¢ (PMIâ„¢).
Judge Bars San Jose from Imposing Voter-Approved Pension Cuts; Hollow Victory for Unions On December 24, a state court judge barred the city of San Jose, California, from imposing voter-approved pension cuts on current municipal worker. San Jose Mayor Chuck Reed, a Democrat, encouraged voters in his city to back municipal pension cuts he proposed as part of last year’s Measure B, which drew 70 percent support at the polls. The unions challenged the measure, leading to Judge Lucas’ ruling in Santa Clara County Superior Court
The Guardian comments on today’s NSA Phone Ruling . A legal battle over the scope of US government surveillance took a turn in favour of the National Security Agency on Friday with a court opinion declaring that bulk collection of telephone data does not violate the constitution. Friday’s ruling makes it more likely that the issue will be settled by the US supreme court, although it may be overtaken by the decision of Barack Obama on whether to accept the recommendations of a White House review panel to ban the NSA from directly collecting such data
See original article: Madrid Bans Vacation Home Rentals to "Protect Tourists" and "End Unfair Competition"
Read more here: VA Refuses Christmas Cards from 51 School Kids Intended for Disabled Veterans
See the original post: Pettis on Debt, Malinvestments, Hidden Losses, and China’s GDP
Wikipedia notes Darlene Love (Wright; born July 26, 1941) is an American popular music singer and actress. She gained prominence in the 1960s for the song "He’s a Rebel," a No. 1 American single in 1962, and was one of the Phil Spector artists who produced a celebrated Christmas album in 1963
