Hard hitting global and local news
For the rest of the trend, consider my comment in today’s job report: Establishment Survey +146,000; Household Survey -122,000 Jobs; Unemployment 7.7% as Labor Force Shrinks by 350,000 In the last year, the civilian noninstitutional population rose by 3,733,000.
See the original article here: Senator Jim DeMint, Republican Tea Party Activist, Resigns From Senate; DeMint Seeks to "Harden the…
See more here: Republican Infighting Over Fiscal Cliff; Senator DeMint Says House Speaker Boehner’s Proposal Will "Destroy American Jobs"; Reflections…
Read More: ISM Manufacturing in Contraction; Expect Conditions to Worsen
Over-two thirds of student debt is held by those well outside the normal student demographic! This trend is not entirely recession-related given that it has been steady since 2005. Someone exiting military service would be covered for 36 months of in-state education by the GI Bill .
Read the article: US Fiscal Cliff Blame Game Between Geithner, Boehner; UK Deficit Cut Taking Longer Than Planned
Sales fall for thirteenth month running in November German sales remain flat while Italy records another severe fall Rate of decline in France slows to weakest in five months Summary of November findings The Eurozone retail sector remained stuck in a sharp downturn during the penultimate month of 2012, according to Markit’s PMI® data. Sales fell for the thirteenth consecutive month, and remained well below the level seen one year earlier.
While pondering those questions and thoughts, please consider Obama Warns of Prolonged Talks as Republicans Rebuff Plan . President Barack Obama and House Speaker John Boehner stood their ground with opposing plans to avert the fiscal cliff and warned there was no quick path to a solution. Obama has proposed a framework that would raise taxes immediately on top earners and set an Aug
Output and new orders both continue to decline Capital goods producers register sharpest falls in production and sales Inventories and employment cut amid subdued economic outlook Summary: Operating conditions in the Japanese manufacturing sector continued to worsen in November. The deterioration was driven by falls in output, new orders and employment as the economic climate remained difficult. Amid an uncertain outlook, manufacturers also cut inventory levels and lowered purchasing activity.
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