Hard hitting global and local news
Following a wave of suicides in China, one at Foxconn where a worker twice attempted to kill himself and succeeded the second time, Foxconn suspended hiring, deciding to use more robots .
View the original here: Half of Detroit Properties Have Not Paid Taxes; Update on Detroit Bankruptcy
Excerpt from: Montebourg Responds, Cites Normandy Landings and Barack Obama
View the original here: Opting Out of Obamacare (the Unaffordable Health Care Act); Not Even Labor Unions Want It
The original source of the data is a study Striking it Richer: The Evolution of Top Incomes in the United States by Emmanuel Saez. From 2009 to 2011, average real income per family grew modestly by 1.7% but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%
However, economists were wrong again as Japan fourth-quarter GDP shows economy still in recession Japan’s economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession and adding weight to the new government’s push for radical policy steps to revive growth.
See the article here: Reflections on Rand Paul’s Response to Obama’s State of the Union Address
Spain’s seasonally adjusted unemployment rate is 26.6% according to Eurostat data as mapped by Google. The BBC reports Youth unemployment is a record 55% . Deficit Targets Missed Again and Again Spain was supposed to reduce its deficit to 6.3% by the end of 2012.
Continued here: Argentina Announces Price Freeze to Control Inflation; Expect a Robust Black Market and Falling Tax Revenue