Hard hitting global and local news
Hard hitting global and local news
More here: Pension Battle Shifts to San Jose, San Bernardino, Stockton; Rights of Dinosaurs vs. "Right Thing"
Yahoo!Finance reports Judge says Detroit Eligible for Bankruptcy Detroit is eligible to shed billions in debt in the largest public bankruptcy in U.S. history, a judge said Tuesday in a long-awaited decision that now shifts the case toward how the city will accomplish that task. Judge Steven Rhodes turned down objections from unions, pension funds and retirees, which, like other creditors, could lose under any plan to solve $18 billion in long-term liabilities
View post: What Will Your Bank Look Like 5 Years From Now? How Will Pizzas Be Delivered? Do You Tip…
Debt Deflation in Spain: Record 4.7% Decline in Household Credit, Business Lending Down 10% Posted by Michael Shedlock at 10:01 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Taken from: Expect the "Practically Virtually Impossible"
Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid.
Bloomberg reports Emerging Market Slowdown to Last for Years Unilever (UNA) Chief Executive Officer Paul Polman said the economic slowdown in emerging markets is here to stay as many countries need to enact structural reforms to adjust to new conditions after the boom of recent years.“They are still relatively stronger economies, but still fragile,†Polman said. “And you see that growth coming off now a little bit, obviously not being helped either by lower demand coming from Europe and the U.S