Hard hitting global and local news
The Japanese election hands former prime minister Shinzo Abe a chance for redemption according to The Guardian .
House speaker John Boehner made an incremental move in Obama’s direction in regards to tax hikes.
Following many months of gloom – and seven consecutive quarters of declining growth – the Chinese stock markets are permitting themselves a frisson of excitement after China’s official manufacturing PMI rose to a seven-month high of 50.6 in November, from 50.2 in October. The higher PMI was propelled (unfortunately, I think) by a surge in construction activities
Small Business Owners Cut Capital Expenditures, Plan to Cut Even More According to the latest Gallup survey, Small-Business Owners Pull Back Capital Spending Plans . Moreover, net capital spending by small businesses declined over the last year as well
Click on the above link to see an interactive map that lets you select the rate of job growth up to January of 2020.
In light of Carney’s " radical action " statements, please consider Bank of Canada warns of low-rate risk . The Bank of Canada says low-interest policies that it and other central banks have put in place are adding another layer of risk to the already stressed global financial system
Read More: Gallup Poll Visualizes Effect of Obamacare
Gallup Reports Upper-Income Spending Worst November Ever With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011 Americans’ self-reported daily spending averaged $73 in November, essentially on par with September and October.
Right-to-Work provisions are at long last coming to Michigan. Reuters reports ‘right-to-work’ law exempts existing union contracts Right-to-Work could be approved within a week Stunning blow to organized labor Immediate impact blunted by "grandfather" clause Opponents vow to overturn new law The proposed Michigan "right-to-work" law will not apply to existing union contracts, a leading sponsor of the proposal said on Friday, which may blunt its immediate impact on the huge auto industry in the state.