Hard hitting global and local news
Hard hitting global and local news
Dallas Fed Manufacturing Index Collapses: Lowest Production Reading in 6 Years, Orders Contract 7th Month, New Orders 5th Month Dallas Fed Manufacturing Index Plunges Below Any Economist’s Estimate Fed manufacturing surveys remain weak at best.
The Duda Victory Sent Shockwaves Through Polish Politics , and no doubt Brussels as well. The win for the socially conservative, nationalist, eurosceptic party, which saw Mr Duda oust Bronisław Komorowski, the government-backed incumbent from the presidential palace, represents a significant lurch to the right in Polish politics
Please consider PP Suffers Heavy Regional Losses . Spain’s ruling Popular party suffered heavy losses in Sunday’s string of regional and local elections, as two upstart movements made dramatic gains at the expense of the country’s established parties. The PP still emerged as the biggest party in nine of the 13 regional contests, but its ability to head governments at both the regional and local level was severely curtailed.
The Telegraph reports Greece to Miss IMF payments Amid Fears of ‘Catastrophic’ Eurozone Rupture . Finance minister [Yanis Varoufakis] said that the Syriza-led Greek government has now “made enormous strides at reaching a dealâ€, and that it is now up to the ECB, IMF and EU “to do their bit†and “meet us one-quarter of the wayâ€. One possible alternative if talks do not progress is that Greece would leave the common currency and return to the drachma.
Read More: CPI Shows Sharply Rising Medical Costs; Huge Obamacare Hikes Planned
Another US Foreign Policy Success: Isis Controls Half of Syria after Palmyra Seizure Congratulations are in order for team Bush and team Obama for another stunning US foreign policy success: Isis Controls Half of Syria after Palmyra Seizure . Fighters from the Islamic State of Iraq and the Levant (Isis) have seized the Syrian city of Palmyra, home to a Unesco world heritage site, putting nearly half of Syrian territory in the jihadi group’s hands and sparking fears that treasured antiquities may be destroyed. Isis announced it had “complete control†of the city on Thursday, and state television said President Bashar al-Assad’s forces had withdrawn from the city, which is known to most Syrians by its Arabic name Tadmur
Please consider Robot Master Chef Cooks 2,000 Recipes, Cleans Up, Does the Dishes . A California company, Morley Robotics, has teamed with the UK’s Shadow Robot Company, to develop a smartphone-controlled robot master chef capable of cooking world-class fare just as Chef Watson. The robot was unveiled at a recent event at Hanover Messe Robotic Technology Fair in Germany
More: Another Perspective on Today’s Strong Housing Numbers
Home Builders Optimistic Despite Decline in Traffic; Housing Market Index Declines The National Association of Home Builders’ Housing Market Index once again reveals positive builder sentiment even though new home sales are weak. The HMI is Derived from a monthly survey that NAHB has been conducting for 30 years