Hard hitting global and local news
Read the article: Debt Grows at Astonishing Rate Even in Texas; A Roadmap to Better; "It’s Your Money"; Infinite Amortization…
See more here: Yen Set for 11th Weekly Drop; Japan Records Largest Trade Deficit in History
Italian PM Under Fire; Italy’s 3rd Largest Bank Hid Derivative Losses: ECB Says "Matter for the Italian Authorities" (To Sweep Under the Rug) When Mario Draghi (now ECB President), had oversight of the Italian bank system as Bank of Italy Governor, the Italian bank Monte dei Paschi di Siena (Italy’s third largest bank) hid information on the derivatives transactions between 2006 and 2009. This information is just now out, and shares of the bank have plunged 22% in a few days
See the original article here: Why I’m a Deflationist Who Likes Gold – Interview on Goldmoney
Flash China Manufacturing PMIâ„¢ at 51.9 (51.5 in December).
Original post: Top Gaining and Losing Jobs in the "Recovery"
Read the original post: Good News: 96 Percent of Spaniards Believe Political Corruption is "Very High"; Journalism Comments
Originally posted here: 20,000 Layoffs in Spanish Banks, 40% Pay Cuts, Pension Contributions Halted; Spanish Bank Unions Announce Strike; Protests…
Fox News reports Teed off: Golf star Phil Mickelson may bolt California over taxes For golf legend Phil Mickelson, the low 60s makes for a great score on the links — and a lousy tax rate in his home state of California. Mickelson said “drastic changes†are ahead for him due to federal and California state tax increases that have pushed his tax rate to what he figures adds up to “62, 63 percent.†The left-hander will talk more about his plans — possibly moving out of California or even retiring altogether — before his hometown Farmers Insurance Open, the San Diego-area event that begins Thursday at Torrey Pines.