December 5, 2013
Auto Lending Standards Plunge: New Car Loans Average 110% LTV; Used Car Loans 133% LTV with 55% Subprime! Repossessions Up Sharply
U.S. car sales are up
Hard hitting global and local news
Hard hitting global and local news
U.S. car sales are up
Read More: Video "Forget About The Price Tag" Wins Paltry $2000 HHS Grand Prize for Promoting Obamacare; What’s Next for…
Continue reading here: Number of Banks and Percentage of Problem Banks Over Time
Taxed to the Point of No Recovery; France Plans Tougher "Exit Tax" In a feudal as well as futile attempt to keep wealthy French citizens from leaving the country, France hikes the "Exit Tax" on transfers of wealth to outside of France. They also lower the base and increase the number of things on which the tax applies. According to a "pay-walled" article on Le Monde of which I can only read a part …
More here: Pension Battle Shifts to San Jose, San Bernardino, Stockton; Rights of Dinosaurs vs. "Right Thing"
View post: What Will Your Bank Look Like 5 Years From Now? How Will Pizzas Be Delivered? Do You Tip…
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
Inquiring minds are investigating the Fight for 15 website. Here is a snip. Stand with striking Chicago fast food and retail workers! We, hundreds of fast food and retail workers, went on strike at 30 stores in the Loop and the Magnificent Mile to demand $15 an hour and the right to form a union without retaliation.
ABC News reports White House Declares Obamacare Website Fixed, But Problems Persist Two months after the troubled launch of its signature health care initiative, the Obama administration on Sunday announced that its online insurance marketplace now functions smoothly for the “vast majority†of consumers seeking to shop for and enroll in coverage. Today “is not a magic moment but a process of continual improvement over time,†said Julie Bataille, communications director for the Centers for Medicare and Medicaid Services, which manages the website
The Washington Post reports Puerto Rico confronts a rising economic misery . Boxes and wooden crates filled with household items bound for the U.S.