Hard hitting global and local news
See original article: "Real" and "Unreal" Wages; Five Decades of Middle Class Decline in Pictures
See the original post: Absurd Statement of the Week "The System Worked"
CNN writer Paul Waldman brilliantly took Cheney to task in Dick Cheney’s Amazing Chutzpah on Iraq . You have to hand it to Dick Cheney
Eternal Trust Number 37 The Financial Times investigates China’s precarious shadow banking system.
View post: Iran Offers to Help (I Say Let Them); Isis Closes In On Iraq’s Largest Refinery; Mobil, BP Evacuate…
On Monday, a BLS Real Earnings report showed: Real average hourly earnings for all private employees fell 0.2 percent from April to May. This result stems from a 0.2 percent increase in the average hourly earnings being more than offset by a 0.4 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U). For all private employees, real average hourly earnings fell 0.1 percent, seasonally adjusted, from May 2013 to May 2014
Here are some snips from Teytelman’s post Facebook’s Most Popular University . I found it amusing that a Malaysian university took pride in " beating Cambridge " in terms of the number of "likes" and touted it in press and on social media, with ambitious plans to double their total FB likes
Link: New Rules for Iraqis: Repent or Die, Say 5 Daily Prayers, Women Not Allowed Outside; Grim Massacres
The Financial Times reports Iraq Slides Further Into Turmoil as Kurds Take Oil City Kirkuk . Iraq’s Shia-dominated government launched air strikes on Sunni insurgent positions in and around the city of Mosul on Thursday as Islamist forces hurtled toward the capital and Kurdish troops seized control of the key oil city of Kirkuk
Taken from: Goldman Sachs President Inadvertently Explains Why Cantor Lost; Reflections on the Bush Years