Hard hitting global and local news
The Financial Times reports Chinese and Vietnamese Vessels Face Off in South China Sea . Tensions in the South China Sea escalated dramatically on Wednesday after Vietnam said Chinese ships rammed its vessels near the Paracel Islands and the Philippines detained a Chinese fishing boat and crew.
Above: Montebourg advertises "Made in France" while holding Moulinex blenders and wearing classical "marinière" shirts. Economic Patriotism Cannot Succeed Economic patriotism as championed by Montebourg cannot possibly work. Every country wants to increase exports.
See the original article here: US Dollar Action, Treasuries, and Other Curious Things; Motto to Live By
Read the original: End of Employer-Provided Healthcare: By 2020, S&P 500 Companies May Dump 90% of Workforce into Obamacare
Read More: Did Birth/Death Revisions Distort Friday’s +288,000 Jobs Number? Reflections on BLS Competence
View article: Symantec Says "Antivirus Software Is Dead"
Output and new orders contract at slower rates Staff numbers are cut for the sixth month in a row Solid reduction in both input and output prices Chinese manufacturers signalled a further deterioration in overall operating conditions during April.
Today, the non-war talk turned even more serious and dozens were killed. Bloomberg reports Ukraine Presses Assault on Rebels With Warning of ‘War’ Ukrainian forces pressed their assault on separatists today and the head of the anti-terrorist center warned eastern regions are “essentially†at war, even as OSCE hostages were released
For further discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January, I dropped the Birth/Death Model charts from this report
See original article: Nearly Half in Illinois, Connecticut, Maryland Would Leave if They Could