November 1, 2012
What’s "Really" Behind Gross Inequalities In Income Distribution?
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Hard hitting global and local news
Hard hitting global and local news
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ADP has announced revised methodology to "enhance" its monthly job reports, no doubt because its prior numbers simply were grossly inaccurate.
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Here’s a headline story including an interview on Fox news that caught me by surprise: New Jersey Chris Christie Praises Obama, Doesn’t ‘Give a Damn’ about Election Day The presidential candidates have canceled all campaign events on Tuesday, but Republican New Jersey Chris Christie seemed to be stumping for President Barack Obama by appearing on several networks to praise the federal response to Hurricane Sandy. In an interview on NBC, Christie called Obama "outstanding" for expediting relief efforts. He also told MSNBC that Obama "deserves great credit.
Output and new orders both down at sharper rates Employment falls at fastest pace since July 2009 Average output charges pared to steepest degree since December 2009 Summary October’s PMI data indicated a further deterioration in the performance of the Japanese manufacturing sector. Orders and output both continued to fall during the month, while evidence of rising excess capacity led to a first reduction in employment for half a year. Manufacturers also intentionally cut back on their stock holdings as order books deteriorated and the outlook remained uncertain
Greece Coalition Splinters, Austerity Vote Delayed, PM Warns of ‘Chaos’; Another Puppet Show or Is This For Real? In Greece, Prime Minister Antonis Samaras coalition has split.
Read the original post: 85% of Atlantic City Flooded; New York Subway in Jeopardy; Markets Closed Again Tuesday; Hurricane Sandy…
More than half of college graduates move back home, sociologist Katherine Newman wrote in her book, " The Accordion Family: Boomerang Kids, Anxious Parents, and the Private Toll of Global Competition ," based on surveys conducted worldwide.
Ambrose Evans-Pritchard reports Eurozone nears Japan-style trap as money and credit contract again .
Mass Firings Soar at Fastest Pace Since 2010; What’s the Impact on Unemployment? In precisely the kind of news president Obama does not want heading into the election, Ford (F), Dow Chemical (DOW), DuPont (DD), and Advanced Micro Devices (AMD) all announced mass layoffs this past week as Firings Reach Highest Since 2010 . North American companies have announced plans to eliminate 62,600 positions at home and abroad since Sept.