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Also consider Calpers Bankruptcy Strategy Pits Retirees vs. All Others .
House speaker John Boehner made an incremental move in Obama’s direction in regards to tax hikes.
Gallup Reports Upper-Income Spending Worst November Ever With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011 Americans’ self-reported daily spending averaged $73 in November, essentially on par with September and October.
Reuters reports French jobless rate hits 10.3 pct, highest in 13 years France’s unemployment rate rose to 10.3 percent in the third quarter of 2012, its highest since the third quarter of 1999, from 10.2 percent in the previous quarter, data published by national statistics office INSEE showed on Thursday. Youth unemployment rose more markedly, with the jobless rate edging up to 24.9 percent, from 23.6 percent, among people under 25 years old
Read the article: ECB Leaves Rates Unchanged, Significantly Downgrades 2013 Economic Forecast; Is Italy Falling Into the Abyss?
Anyone believing those myths needs to consider Euro Countries (and the IMF) Can Learn from Latvia’s Economic Success . In 2008–09, Latvia lost 24 percent of its GDP.
View the original here: Charts of the Day: Consumer Debt Components Since 2003 and Since the Start of the 2007…
