Hard hitting global and local news
Economists overestimated existing home sales today, rounding out another impressive day of overoptimism. New home sales came in at a seasonally adjusted 5.04 million annualized rate
Continue reading here: Consumer Confidence Plunges Below Any Economist’s Estimate; Consumers Shock Economists
Read More: Draghi Warns ECB Economic Policies May Lead to Financial Instability and Worsen Income Inequality; Stupidity Index at New…
Original post: Steel Consumption in China Declines First Time in Three Decades; Painful Rebalancing
CNN would report in an article titled, " France tells U.S. Paris suspect trained with al Qaeda in Yemen ," that: Western intelligence officials are scrambling to learn more about possible travel of the two Paris terror attack suspects, brothers Said and Cherif Kouachi, with new information suggesting one of the brothers recently spent time in Yemen associating with al Qaeda in that country, U.S. officials briefed on the matter told CNN.
Visit link: Senate Democrats Throw Obama Under the Bus: Fast Track Trade Bill Stalls; Right For Wrong Reasons
Continue Reading: Greece Empties IMF Reserve Account to Pay IMF; Liquidity "Terribly Urgent" Says Finance Minister
Microsoft has finally abandoned its bug-ridden update model process. Extreme Tech reports Windows 10 will be the last version of Windows . For the last few decades, Microsoft would sit down and build a new version of Windows every three years or so.
The Wall Street Journal reports IMF Works With Greece’s Neighbors to Contain Default Risks . The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a rare public admission that regulators are preparing for the potential failure to agree on continued aid for Athens. Greek banks are big players in some of its neighbors’ financial systems.
Merkel’s Own Party Ready to Give Up on Greece; Another Week of Deadlines; Reflections on Can Kicking German Chancellor Angela Merkel is increasingly isolated in her stance on Greece. Growing Pressure From Within the ranks of her own party bloc to give up on Greece for the sake of the euro. Members of Merkel’s Christian Democratic bloc are openly challenging her stance of keeping Europe’s most-indebted country in the 19-nation currency region.