February 18, 2014
Hollande Promises Tax Harmonization in Six Years if Foreign Businesses Invest in France Now
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Hard hitting global and local news
Hard hitting global and local news
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Originally posted here: US Household Debt Climbs by Most Since 2007, Mortgage Debt Leads the Way; Annually Student Debt and…
Taken from: China Fooled the World (But It Cannot Last)
Japanese GDP and Exports Seriously Underperform Expectations The huge string of unexpectedly sour economic data continues to pour in. Add Japan to the spotlight
See more here: Irony of the Day: Venezuela President Calls for "Protest March Against Fascism"
See original article: Two-Week Price Inflation in Argentina hits 30%, US Products Lead the Way; Currency Devaluations Hit P&G Earnings
See more here: German Left (Die Linke) VP Claims "Euro Divides Europe, No Benefit to EU"
Via translation from El Pais, Members of European Parliament Accuse Troika of Aggravating Unemployment and Poverty in Rescued Countries "They could have acted as surgeons, cutting superfluous. Instead they acted like butchers with an ax," says MEP Alejandro Cercas in reference to the policies that the European Commission, the European Central Bank (ECB) and International Monetary Fund (IMF), the troika, that have been implemented in Greece, Ireland, Portugal and Cyprus, the four Eurozone countries that were forced to request a bailout. The report before the Committee on Employment and Social Affairs of the European Parliament adopted on Thursday morning does not use such harsh words, but blames the three agencies-known as the troika for policies that have contributed to the deterioration of the welfare levels in the four countries
Bloomberg reports Retail Sales in U.S. Unexpectedly Fell 0.4% in January Sales at U.S.
Amazon: AMZN : The PE of Amazon is 592, Valuation is $160 Billion Linked In: LNKD : PE of Linked In is 837, Valuation is $23 Billion Facebook : FB: Facebook PE is 106, Valuation is $165 Billion Priceline : PCLN : PE of Priceline is 36, Valuation is $64 Billion Hertz : HTZ: PE of Hertz is 37, Valuation is $12 Billion Starbucks : SBUX : PE of Starbucks is 483, Valuation is $57 Billion Boston Beer (Samuel Adams) : SAM : PE of Boston Beer is 43, Valuation is $3 Billion I could go on and on but I won’t. At current earnings, investors in Amazon will have to wait 592 years for a positive return on earnings. More realistically, they would have to wait forever because Amazon does not pay a dividend.