September 8, 2012
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Hard hitting global and local news
Baby Boomers and Strategic Defaults – a Demographic Study: Why Did People Walk Away? Did They Struggle With Morality? Would they Recommend Walking Away to Others?
Read More: Attention JP Morgan Chase Customers and Credit Card Holders
Via Google translate from Libre Mercardo please consider The VAT increase is the largest tax increase democracy . Each Spanish pay an average of 20.8% VAT, 369 per year, six days of extra work to comply with the Treasury.
1 Key Points The PMIâ„¢ registered 49.6 percent, a decrease of 0.2 percentage point from July’s reading of 49.8 percent, indicating contraction in the manufacturing sector for the third consecutive month.
Most Economically Illiterate Journalist In History Proposes "Gold is Backed by Nothing, but US Dollar Backed by Federal Reserve" Congratulations to Canadian journalist Bridget Brown, a CTV news field reporter for being the most economically illiterate TV journalist in history. Brown proposes gold is not backed by anything but the US Dollar is backed by the Federal Reserve which will be around a year from now
The HSBC China Manufacturing PMIâ„¢ shows Manufacturing sector operating conditions worsened at the sharpest rate in 41 months. Summary August data signalled a renewed decline in Chinese manufacturing output, as new business decreased at the sharpest rate in nine months
The Pew Research center ponders The Lost Decade of the Middle Class . Since 2000, the middle class has shrunk in size, fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future. These stark assessments are based on findings from a new nationally representative Pew Research Center survey that includes 1,287 adults who describe themselves as middle class, supplemented by the Center’s analysis of data from the U.S