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See the original article here: India Manufacturing PMI Contracts for First Time Since March 2009; Eurozone Manufacturing PMI 26-Month High…
Delong-in-Wonderland Preposterous economic proposals from economists living in academic wonderland are the norm.
India in Serious Trouble (and Gold at the Heart of It) Last week India’s trade minister, Anand Sharma, came out with a laughable suggestion: RBI should consider monetizing gold . India’s central bank should look into the possibility of monetizing gold holdings, trade minister Anand Sharma said on Thursday, in the latest proposal aimed at combating a yawning current account deficit that has hammered the rupee. It was not immediately clear whether Sharma was referring to the 557.7 tonnes of gold the Reserve Bank of India (RBI) holds in its own reserves, or gold in private hands
Former prime minister Silvio Berlusconi, convicted of tax fraud, Threatens to Topple Letta If Expelled From Senate Silvio Berlusconi threatened to bring down the Italian government if Prime Minister Enrico Letta’s Democratic Party votes to expel the three-time former premier from the Senate.“We’re not available to keep the government going if the left decides to prevent the head of the People of Liberty from remaining in politics,†Berlusconi told a rally organized by the Army of Silvio supporters’ association late yesterday, according to a statement released by the group. Letta is struggling to contain tensions that have strained his coalition government since Italy’s top court upheld Berlusconi’s tax-fraud conviction on Aug
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See the original post: Debunking the "U.S. Government Assessment of the Syrian Government’s Use of Chemical Weapons on August 21,…
Links Syrians in Ghouta Claim Saudi-Supplied Rebels Behind Chemical Attack This article is a collaboration between Dale Gavlak reporting for Mint Press News (also of the Associated Press) and Yahya Ababneh. Ghouta, Syria — As the machinery for a U.S.-led military intervention in Syria gathers pace following last week’s chemical weapons attack, the U.S. and its allies may be targeting the wrong culprit. Interviews with people in Damascus and Ghouta, a suburb of the Syrian capital, where the humanitarian agency Doctors Without Borders said at least 355 people had died last week from what it believed to be a neurotoxic agent, appear to indicate as much
Read the original: Reflections on Peak Oil, India, Asia, and Global Growth; What’s the Mathematical Outcome?