Hard hitting global and local news
Today Gallup reported Unadjusted unemployment climbs to 8.7% (The seasonally adjusted rate is 8.6%). Even if there is a huge jump of half a percentage point in unemployment, there will still be a major difference of opinion as to what the rate is
See the original article here: Is the Selloff in Treasuries Overdone?
Wikipedia has the answer in Foreign rebel fighters in the Syrian civil war There have been a number of foreign fighters that have joined the Syrian civil war in opposition to Assad. While some are jihadists, others, such as Mahdi al-Harati, have joined to help the Syrian revolution.[59] Some fighters have come from as far away as Chechnya and Tajikistan.[60] Another group, the Al-Nusra Front, is headed by Abu Muhammad al-Julani[61] The group includes some of the rebellion’s most battle-hardened and effective fighters
Exploring the Impossible: India Seeks to Expand Trade in Rupees; India Stock Market Sinks; Rupee Decline Continues The desperate act of the day comes from Foreign Minister Salman Khurshid who says India Looking to Expand Rupee-Payment System . India is exploring possibilities of a rupee-based trade-payment mechanism with several countries, Foreign Minister Salman Khurshid said Tuesday, a move that may help stabilize the local currency and reduce the country’s current-account deficit.
Delong-in-Wonderland Preposterous economic proposals from economists living in academic wonderland are the norm.
Today, the Financial Times warmongers and interventionists whined The Syria vote brings to an end decades of delusion This week’s events will have an impact. They will strengthen a rising US perception that Britain is an ally pulling back from the world. Mr Cameron’s decision to call a referendum on EU membership fits this picture
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See the original post: Durable Goods Orders Plunge 7.3%, Nondefense New Orders for Capital Goods Plunge 15.4%; Plunge to Accelerate?
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