August 21, 2012
Robots to Rule the World? Taking All Jobs? Replace Women?
Robots to Rule the World? Taking All Jobs?
Hard hitting global and local news
Hard hitting global and local news
Robots to Rule the World? Taking All Jobs?
Originally posted here: Part II – Robots to Rule the World? Taking All Jobs? Replace Women?
No one should be surprised to learn Greek Shortfall Growing Ever Larger Athens has not been having an easy time coming up with the €11.5 billion in cost cutting measures over the next two years it has promised Europe. Indeed, Greek Prime Minister Antonis Samaras is reportedly set to request an additional two years to make those cuts during meetings later this week with German Chancellor Angela Merkel on Friday and French President François Hollande on Saturday. But according to information obtained by SPIEGEL, the financing gap his country faces could be even greater.
Bloomberg reports Bundesbank Widens Euro Rift With Criticism of ECB Bond Plan . Germany’s Bundesbank stepped up its criticism of the European Central Bank’s plan to embark on potentially “unlimited†government bond purchases, widening a rift over how to tackle the sovereign debt crisis.“The Bundesbank holds to the opinion that government bond purchases by the Eurosystem are to be seen critically and entail significant stability risks,†the Frankfurt-based central bank said in its monthly report today. The new program “could be unlimited†and decisions about potentially far greater sharing of solvency risks should be taken by governments or parliaments, not by central banks, it said
Here is a link to a translated article in Der Spiegel: ECB is planning to challenge interest rate speculation The European Central Bank (ECB) is considering to establish in its future bond purchases interest rate levels for each country. Thus, they would state papers of the crisis countries always buy when interest rates exceed a certain impact on their yields German Bunds.
Original post: New York City Jobs: Striking Divergence in Household Survey vs. Establishment Survey
The Eurozone Cannot Possibly Survive Intact.
Read More: Unemployment Up in 44 States; New York Unemployment Highest Since 1983; No Improvement Nationally in 2012; Looking Ahead:…
Pettis on Debt, Currency Wars, Commodity Prices and Capital Flight; China FDI Contracts 8.7% YoY, 8th Drop in 9 Months The much-denied hard landing in China is now underway with weakening data everywhere one looks.
More here: Is Italy Following the Footsteps of Greece? Does Italy or Germany Exit the Eurozone First?