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Daily Show "Monsanto Bill": In Budget Bill Congress Inserts Provisions on Genetically Modified Foods and Gun Control Please watch the first part of last night’s Daily Show .
Read the article: Competitive Easing Madness; Japan to Double Monetary Base; Draghi Signals More Easing; Yen Plunges
The Huffington Post describes the setup in Stockton Pensions Present Problem In Bankruptcy At the conclusion of a three-day trial, a judge on Monday formally granted the city Chapter 9 protection, over the objections of creditors who questioned whether it was fair for the city to fully meet its obligations to the state pension system while other debt holders go partly paid.
Continue reading here: Spain’s Deficit Set to Soar; GDP Poised to Plunge; Job Losses Fastest in 3 Years; IIF Wants…
Originally posted here: Judge Rules Stockton CA Bankruptcy is Valid, City Acted in Good Faith
Johnson & Johnson (JNJ) $4.03 billion Net Negative Cash Counting short-term investments, net corporate cash of the 50 largest companies is negative $543.67 billion. Total cash of the 10 companies that have positive balance sheet cash (counting short-term investments as a cash equivalent) is $216.05 billion.
The HSBC China Manufacturing PMI shows Modest improvement in operating conditions. After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index™ (PMI™) – a composite indicator designed to provide a single-figure snapshot of operating conditions in t he manufacturing economy – posted 51.6 in March, up from 50.4 in February, signalling a modest improvement.
Bloomberg reports Napolitano Names Advisers in Renewed Push for Italian Deal Italian President Giorgio Napolitano renewed his push to forge a government from the country’s divided parliament by drafting advisers from two of the top three political forces. Members of the parliamentary coalitions headed by Pier Luigi Bersani and ex-Prime Minister Silvio Berlusconi were among the 10 men selected, according to an e-mail sent late yesterday by Napolitano’s office.
Happy Easter Posted by Michael Shedlock at 11:10 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.