November 3, 2012
Obamanomics Explained
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Hard hitting global and local news
Hard hitting global and local news
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Originally posted here: NY Subway May Take Weeks to Restore Service, 5 Million Affected; 80 Flooded Homes Destroyed by Fire;…
Continue Reading: Retail Sales in Spain Plunge 10.9%, Largest Drop on Record; All Pain, No Gain
For a look at revised definitions, please consider German finance minister rules out Greek debt "haircut" German Finance Minister Wolfgang Schaeuble ruled out public investors accepting a debt restructuring, or "haircut", on their Greek bonds but said in an interview to be aired on Sunday that a debt repurchasing program could be considered. "(A haircut) is a discussion that has little to do with the reality in the member states of the euro zone," Schaeuble said in an interview with Deutschlandfunk radio.
Follow this link: Fed and ECB Smokescreens to Print Money
The Wall Street Journal reports Amid Falling Profit, McDonald’s to Revisit ‘Dollar Menu’ McDonald’s Corp. reported a 3.5% decline in third-quarter earnings as sales slowed more dramatically than expected because of a sluggish economy and a disappointing marketing campaign. "We face softening demand, heightened competition and rising costs in many of our markets," Chief Financial Officer Pete Bensen said.
As I noted a week ago in So Much For Today’s Surprising "Drop" In Weekly Jobless Claims; California Forgot to Report 30,000 Claims … I still think Friday’s jobs report will be revised away, but I am positive today’s "surprising" report will be (for the simple reason California forgot to report 30,000 claims)
Please consider the New York Times article In China, a Power Struggle of a Different Order .