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Reuters reports Global factories struggle as growth fears rise U.S. and euro zone factory activity slumped again in July while Chinese manufacturing hit an eight-month low, surveys showed on Wednesday, as economies worldwide showed signs of slowing
Output and new orders down at accelerated rates New export business decreases at sharpest rate in 15 months Average costs fall to greatest extent since November 2009 July data from Markit/JMMA showed manufacturing output falling at the sharpest rate in 15 months, as both new orders and new export business decreased at accelerated rates. After adjusting for seasonal factors, the headline Markit/JMMA Purchasing Managers’ Index™ (PMI™) posted 47.9 in July, down from 49.9 in June, a level indicative of a moderate deterioration in operating conditions. Moreover, the latest index reading was the lowest in 15 months
It won’t. Bloomberg reports Merkel Allies Harden Opposition to Granting ESM Bank License German Chancellor Angela Merkel’s coalition rejected granting the permanent euro rescue fund access to European Central Bank liquidity via a banking license, as the Finance Ministry said it saw no need for any such move. The rules of the European Stability Mechanism don’t provide for refinancing through the ECB, the ministry in Berlin said today in an e-mailed response to questions.
It won’t. Bloomberg reports Merkel Allies Harden Opposition to Granting ESM Bank License German Chancellor Angela Merkel’s coalition rejected granting the permanent euro rescue fund access to European Central Bank liquidity via a banking license, as the Finance Ministry said it saw no need for any such move. The rules of the European Stability Mechanism don’t provide for refinancing through the ECB, the ministry in Berlin said today in an e-mailed response to questions.
Link: Eurozone Retail Sales Sink 9th Month; 17th Month of Contraction in Italy; Margins Collapse in France; Germany Barely Above…
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In a welcome, common sense ruling, Court lets Stockton, Calif.
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Friday, July 27, 2012 US Treasury: Al Qaeda Runs Syrian "Rebellion" US fails to sell militants in Syria as "freedom fighters," tells truth for pretext to liquidate monsters of their own creation. by Tony Cartalucci July 27, 2012 – The Wall Street Journal (WSJ) in its article, " Al Qaeda’s War for Syria ," cited officials from the US Treasury Department stating, "Al Qaeda in Syria (often operating as the "Al Nusra Front for the People of the Levant") is using traffickers—some ideologically aligned, some motivated by money—to secure routes through Turkey and Iraq for foreign fighters, most of whom are from the Middle East and North Africa. A growing number of donors from the Persian Gulf and Levant appear to be sending financial support." Photo : The "Free Syrian Army ," whose composition consists of not only Syrian sectarian extremists, but Libyan terrorists from the US State Department listed "Libyan Islamic Fighting Group" led by Abdul Hakim Belhaj , is the manifestation of years of US, Saudi, and Israeli aid since at least 2007. …
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