Hard hitting global and local news
View article: McDonald’s Vows Fresh Thinking After Net Income Declines 30%; Mish Offers Some Advice
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January, I dropped the Birth/Death Model charts from this report.
See more here: Burger King Flips Obama the Bird; BK, Warren Buffet, Greg Mankiw, Barry Ritholtz, Mish on Corporate Tax…
As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of the population in 2012 to about 40% in 2014.
Read More: Nonfarm Payrolls 209,000, Unemployment 6.2%, Employed +131,000
Also consider an excellent post by Tenebrarum on the Misguided Urge to Close Loopholes . Recently Apple’s CEO was forced to defend his company’s use of such loopholes in front of a very hostile Congress.
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January, I dropped the Birth/Death Model charts from this report.
View article: Average Cost of New Home is 6 Times Median Income (Historically 3); Sales of Priciest 1% of Homes…
WAtoday reports Australia’s house prices ‘flashing red’, debt to income ratio at record levels . Australian household debt has hit a record 177 per cent of annual disposable income while housing valuations are "flashing red", according to Barclay’s chief economist, Kieran Davies
View original post here: Obamacare Extended Again; No More Extensions, I Promise