Hard hitting global and local news
Continued here: Robots Will Change World Beyond Recognition Says BoA; Automation Will Change Jobs More Than Kill Them Says McKinsey
Ship & Bunker reports Box Markets are in an Over-Capacity Crisis, Next Year Will be Worse Credit managers may well be keeping an even closer eye on box carriers next year, following a warning from Drewry that the sector is set to face even tougher times in 2016 as the in-balance of supply and demand slides to its worst since financial crisis hit 2009. And the research agency says the slump could last for several years
In what should be perfectly obvious (but isn’t to Germany and Sweden), EU’s Refugee Policy Helps People Smugglers . Europe is running a “people-smugglers’ promotion programme†that is “massively overburdening†several countries, Austria’s foreign minister has warned.
Factory Orders Sink 11th Time in 14 Months Factory orders decline once again, in line with the Bloomberg Consensus , but last month was also revised lower. New orders for the export-hit factory sector fell 1.0 percent in September for the 11th decline in 14 months with August revised 4 tenths lower to minus 2.1 percent. September orders for durable goods, initially posted in last week’s advance report, are unrevised at minus 1.2 percent, held down in part by a downswing in civilian aircraft but nevertheless showing wide weakness
Rising Trucker’s Pay, Falling Desire for Trucking Jobs Provide Reasons Self-Driving Trucks Will Reshape Industry Fewer and fewer people are willing to live the trucker’s life. This has created a shortage in drivers and in turn Rising Pay is Reshaping the Trucking Industry . The shortage of truck drivers in the U.S
View article: Manufacturing ISM Flirts With Contraction Third Month, Employment Shifts to Contraction
See more here: Greek Banks Need €14 Bn Recapitalization Following Latest Stress-Free Tests
Originally posted here: Former Australia Prime Minister Chastises EU on Securing Borders, Economic Migration; Mish for President Review
MarkeyWatch author Brett Arends offers this opinion: Why Dennis Hastert’s Conviction is an Outrage . If you aren’t outraged by what just happened to “disgraced†former House Speaker Dennis Hastert, you’re not paying attention. No, it doesn’t matter if you think he’s a raging hypocrite
Originally posted here: Courage to Act; Reflections on Fed Hubris; What if Whatever it Takes is Not Enough? Fed Troika?