Hard hitting global and local news
It’s not the usual lopsided intellectual battle we discuss here at Eli’s. Â This is Michael Mann criticizing Nate Silver’s somewhat skeptical take of climate prediction capability in Silver’s new book: It’s not that Nate revealed himself to be a climate change denier; he accepts that human-caused climate change is real, and that it represents a challenge and potential threat.
Output and new orders both down again, albeit at slower rates Weaker underlying demand and strong yen impact on export orders Charges cut at sharpest rate for over two years Summary: Operating conditions in Japan’s manufacturing sector continued to worsen at a modest pace in September.
View post: Real Per Capita "Core" Durable Goods Orders
The Financial Times reports France unveils tough budget measures The measures announced on Friday included the controversial 75 per cent marginal tax rate on earned income above €1m a year, put in place for two years. But, as promised by President François Hollande, France was largely spared the kinds of hefty cuts in public spending, pensions and salaries imposed in other eurozone countries struggling to contain their sovereign debt.
The California hit parade keeps on rolling as yet Another California city scrambles to avoid bankruptcy . Atwater, a city of roughly 28,000 in California’s Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said.
Bloomberg reports Orders for U.S. Goods Excluding Transportation Unexpectedly Drop Orders for goods meant to last at least three years, excluding volatile demand for such things as airplanes and automobiles, fell 1.6 percent last month after a greater-than- previously estimated 1.3 percent decrease in July, the Commerce Department reported today in Washington.
Read this article: Reader from Netherlands Says Last Election Not as Pro-Euro as Media Portrays; 81 in 150 Against More…
Excerpt from: French Unemployment Tops 3 Million, First Time Since 1999
Reuters reported in their article, " Syrian rebels bomb security building in Damascus :"Â Protection for "liberated" areas would require no-fly zones enforced by foreign aircraft, which could stop deadly air raids by Assad’s forces on populated areas. But there is little chance of securing a Security Council mandate for such action given the continuing opposition of veto-wielding members Russia and China.
