Hard hitting global and local news
The California hit parade keeps on rolling as yet Another California city scrambles to avoid bankruptcy . Atwater, a city of roughly 28,000 in California’s Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said.
Bloomberg reports Orders for U.S. Goods Excluding Transportation Unexpectedly Drop Orders for goods meant to last at least three years, excluding volatile demand for such things as airplanes and automobiles, fell 1.6 percent last month after a greater-than- previously estimated 1.3 percent decrease in July, the Commerce Department reported today in Washington.
Excerpt from: French Unemployment Tops 3 Million, First Time Since 1999
Continued here: Firebombs, Teargas, Riots Near Greek Parliament; 57% Say Greece Should Abandon Pledges Made to Troika
And so it is … Smith Barney Officially Bites the Dust Morgan Stanley announced today that it has renamed its U.S.
Read More: Toronto New Home Sales Plunge 64 Percent; Lowest August on Record
Read the original post: Bernanke Declares War on Canadian Economy (Rest of the World Too)
View original post here: Proposal to Leverage ESM to 2 Trillion Euros; Is Merkel’s Rubber Stamp Ready?
While the bickering between France, Germany, and the Troika continues, Greece grapples with shadow of Golden Dawn Golden Dawn, which won 7 per cent of the vote in June’s election and entered parliament for the first time, is on a roll, pulling established parties to the right – including Corinth’s socialists. Polls suggest the party has gained ground since the election as anxiety deepens over a possible Greek expulsion from the euro. A poll this week showed a near doubling in the number of people expressing “positive opinions†about Golden Dawn, up from 12 per cent in May to 22 per cent now.
See the original post: Fair Trade is Unfair; In Praise of Cheap Labor; Are Bad Jobs at Bad Wages Better…