Hard hitting global and local news
PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents’ Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nation’s young adults ages 18 to 31 the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S
Read this article: An Analysis of July Employment Numbers 1955 to 2013; Full-Time Employment Down Over 5 Million Since 2007
The latest news from RoboHub shows World’s lightest and thinnest circuits pave the way for ‘imperceptible electronics’ .
I am normally critical of IMF forecasts, but their baseline unemployment projection for Spain of 25% or more with no more than .6% annual growth through 2017 seems reasonable. The pessimistic scenario is a toxic deleveraging downward spiral that continues right now. The optimistic scenario assumes 2% growth, but that scenario does not start until 2018, and only if labor reforms in Spain and Europe take place
Initial Reaction The establishment survey showed a gain of 162,000 jobs. The previous two months were revised lower
See more here: Economic Recovery in Spain? Tax Collections, Retail Sales Prove Otherwise
California passed Proposition 99 in 2008.
Slight expansion of sales recorded in July Slowest fall in employment for over a year Further reduction in purchasing activity Summary French retailers signalled a return to growth in sales during July. Although modest, the month-on-month increase was the first recorded since March 2012. Sales were also marginally higher on an annual basis
Juergen Stark, former ECB chief economist (who resigned in 2011 over a dispute regarding bond purchases), says in an interview in Handelsblatt "The Euro crisis will worsen in late autumn" Via Google Translate A year ago, ECB chief Draghi announced plans to do anything to save the euro. The former ECB chief economist Juergen Stark considers this fatal. He fears that the ECB will soon have to support France with bond purchases
Link: Euro Sucks Italian Blood; Prime Minister Blames Tax Evasion; Reflections on Italy’s Shadow Economy