Hard hitting global and local news
Hard hitting global and local news
Read More: Jobs +88,000, Unemployment Rate 7.6%, Household Survey Employment Drops by 206,000
Our neighbor to the North also suffered from an unexpectedly weak jobs report today, the worst monthly job losses in more than four years . Canada shed 54,500 positions in March, more than wiping out the 50,700 jobs that were added in February, Statistics Canada said on Friday. Market operators had expected a modest gain of 8,500 jobs
See more here: 97% of Spain’s Social Security Pensions are Invested in Spanish Government Debt
Daily Show "Monsanto Bill": In Budget Bill Congress Inserts Provisions on Genetically Modified Foods and Gun Control Please watch the first part of last night’s Daily Show .
Read the article: Competitive Easing Madness; Japan to Double Monetary Base; Draghi Signals More Easing; Yen Plunges
The Huffington Post describes the setup in Stockton Pensions Present Problem In Bankruptcy At the conclusion of a three-day trial, a judge on Monday formally granted the city Chapter 9 protection, over the objections of creditors who questioned whether it was fair for the city to fully meet its obligations to the state pension system while other debt holders go partly paid.
See the original post: Stockman Fires Back at Krugman, Labeling Krugman "Utterly Disingenuous"
Taken from: Sharp Deterioration in French Manufacturing; Hollande Orders Employers to Pay 75% Tax; Top Executives Join France Exodus
Johnson & Johnson (JNJ) $4.03 billion Net Negative Cash Counting short-term investments, net corporate cash of the 50 largest companies is negative $543.67 billion. Total cash of the 10 companies that have positive balance sheet cash (counting short-term investments as a cash equivalent) is $216.05 billion.