Hard hitting global and local news
Originally posted here: Philly Fed Region "Weak but Stable"; Kansas City Region "Declines More Sharply"
Flash China Manufacturing PMIâ„¢ at 49.1 in May (48.9 in April). Two-month high
Read more here: Robots on Verge of Replacing Human Anesthesiologists
Read More: Rate Shopping Whores and Chicago’s Bond Rating
The Financial Times discusses the situation in Tsipras Letter Reveals Precariousness of Greece’s Finances . Greece came so close to defaulting on last week’s €750m International Monetary Fund repayment that the prime minister warned IMF chief Christine Lagarde he could not pay it without EU aid
The pace of technological advancement accelerates every year. Here are two car prototypes that highlight the advancement. C-1 Electric Two-Wheeled Car Please consider the C1, a Self-Balancing, Two-Wheeled Car invented by Daniel Kim, founder of Lit Motors
Read More: Empire State Manufacturing Weaker Than Economists’ Expectations
Industrial Production, Down 5th Month, Weaker Than Economist Expectations Industrial production came in at -0.3%, down for the fifth consecutive month below the Bloomberg Consensus Estimate . Industrial production is stalling, down 0.3 percent in April for a 5th straight monthly contraction. Factories are cutting back with capacity utilization down 4 tenths to 78.2 percent
Read More: Draghi Warns ECB Economic Policies May Lead to Financial Instability and Worsen Income Inequality; Stupidity Index at New…
Read More: Producer Prices, Import/Export Prices Decline Again; Still Think the Fed Will Hike?