Hard hitting global and local news
Error Over Quota This application is temporarily over its serving quota. Please try again later.
Error Over Quota This application is temporarily over its serving quota.
More here: Global Manufacturing Contracts 5th Consecutive Month
ADP has announced revised methodology to "enhance" its monthly job reports, no doubt because its prior numbers simply were grossly inaccurate.
Here’s a headline story including an interview on Fox news that caught me by surprise: New Jersey Chris Christie Praises Obama, Doesn’t ‘Give a Damn’ about Election Day The presidential candidates have canceled all campaign events on Tuesday, but Republican New Jersey Chris Christie seemed to be stumping for President Barack Obama by appearing on several networks to praise the federal response to Hurricane Sandy. In an interview on NBC, Christie called Obama "outstanding" for expediting relief efforts. He also told MSNBC that Obama "deserves great credit.
View post: Hurricane Sandy Update: First $100+ Billion Storm in U.S. History?
Output and new orders both down at sharper rates Employment falls at fastest pace since July 2009 Average output charges pared to steepest degree since December 2009 Summary October’s PMI data indicated a further deterioration in the performance of the Japanese manufacturing sector. Orders and output both continued to fall during the month, while evidence of rising excess capacity led to a first reduction in employment for half a year. Manufacturers also intentionally cut back on their stock holdings as order books deteriorated and the outlook remained uncertain
Please consider Hurricane Sandy’s Waters Flood Blacked-Out New York City . Hurricane Sandy sent floodwater gushing into New York’s five boroughs, submerging cars, tunnels and the subway system and plunging skyscrapers and neighborhoods into darkness. Two deaths were reported in Queens and more than 670,000 were without power in the region as of 11:30 p.m.