Hard hitting global and local news
As a result "Les Riches" Have Tax Indigestion and are looking to move outside France. “We’re getting a lot of calls from high earners who are asking whether they should get out of France,†said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy
French Central Bank Admits the Obvious: France Back in Recession For those who who view matters on a practical basis, France has been in recession the entire year. For those who need to see two quarters of negative growth first, France slides back in recession . France is headed back into recession for the second time in just over three years, the country’s central bank warned on Wednesday.
Interview With Roger Bootle, Who Won the Wolfson Prize for Developing a Practical Plan to Dissolve the Eurozone Posted by Michael Shedlock at 2:34 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Excerpt from: Ponzi Financing in Poway California Based on Massively Rising Property Values
More: Reader Questions: Who is "Not in Labor Force"? Who is Counted as Unemployed?
Bloomberg reports Monti Calls for More Crisis-Fighting Urgency in ECB Standoff Italy’s Prime Minister Mario Monti warned of a potential breakup of Europe without greater urgency in efforts to lower government borrowing costs, as a standoff over European Central Bank help for Italy and Spain hardened. Monti, in an interview with Germany’s Der Spiegel magazine published yesterday, said that disagreements within the 17- nation euro area are detracting from the policy response to the debt crisis and undermining the future of the European Union. Spain and Italy, whose surging borrowing costs have shunted them to the heart of the turmoil in the euro area, are resisting pressure from ECB President Mario Draghi to formally request aid in return for strict conditions before the central bank will buy their bonds
More: Zombified Cities Roundup: Detroit Becomes Dumping Ground for the Dead; Financial Urgency in Miami; Oakland Pension Time Bomb; How…
Continued here: Japan Services PMI Shows Sharp Decline in New Orders; Global New Export Orders Have Steepest Drop Since April…
Read more here: Preposterous Falsehoods From Gary North Regarding the Inflation/Deflation Debate
Headline Jobs +163,000, But Household Survey Shows -195,000 Jobs; Unemployment +.1 to 8.3% ADP got the headline job number correct, I certainly didn’t. However, one look beneath the surface shows this was actually an anemic jobs report