Hard hitting global and local news
I made a nearly-identical statement yesterday in a comment regarding my post False Thesis of the Day: Huge Cash Pile Puts Recovery in Hands of Corporations; Cash Cow Revisited . " Cash is just not going to be used for the way Deloitte suggests
Continue reading here: State Bank Nonsense from Ellen Brown Revisited
Anousha Sakoui, M&A Correspondent for the Financial Times says Huge cash pile puts recovery in hands of the few . The pile of unspent corporate cash that has built up since the start of the financial crisis is being held by an increasingly concentrated pool of companies that will be crucial to hopes of a pick-up in business investment to stimulate the world economy.
A new Gallup survey shows Many Baby Boomers Reluctant to Retire . True to their "live to work" reputation, some baby boomers are digging in their heels at the workplace as they approach the traditional retirement age of 65
Please consider Breaking Out Is Hard by Andie Xie. The global economy is unlikely to accelerate in 2014. The hope that the U.S
See the article here: Highland Park Michigan Skids Towards Bankruptcy, Public Union Pensions to Blame as Usual; Fifth Third Bank…
More: Bottom 5 States in Fiscal Condition: New Jersey, Connecticut, Illinois, Massachusetts, California
Original post: SYRIZA Surges in Greek Polls, Would Win Election if Held Today; Message People Want to Hear; Contagion Guarantee
Greece Will Default in May Without Another Bailout or Change in Terms Cash flow analysis shows Greece is in serious trouble again in spite of having a current account surplus. Specifically, Greece needs a change in payback terms or another bailout or it will default in August, if not May. I use the words "will default" imprecisely.
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.