Hard hitting global and local news
Johnson & Johnson (JNJ) $4.03 billion Net Negative Cash Counting short-term investments, net corporate cash of the 50 largest companies is negative $543.67 billion. Total cash of the 10 companies that have positive balance sheet cash (counting short-term investments as a cash equivalent) is $216.05 billion.
The HSBC China Manufacturing PMI shows Modest improvement in operating conditions. After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index™ (PMI™) – a composite indicator designed to provide a single-figure snapshot of operating conditions in t he manufacturing economy – posted 51.6 in March, up from 50.4 in February, signalling a modest improvement.
Regardless of Insurance, Taxpayers Pay Reader Chris writes Hey Mish, I have been discussing disability for quite some time with others. I know a few people on disability who should not be qualified.
Beppe Grillo "We are the French Revolution Without the Guillotine" With Beppe Grillo and unwilling to form a coalition government, and with Prime former Prime Minister Silvio Berlusconi making demands that Bersani will not go along with, Italian President Giorgio Napolitano Considers Options . One of those options includes stepping down early so the next president can call elections
Here are some unemployment charts I put together via Ycharts. Youth Unemployment Rates US vs.
The Financial Times reports Poland opens way to euro referendum . " Donald Tusk, Poland’s prime minister, took a big political gamble on Tuesday when he opened the door to a referendum on joining the euro, in the face of strong public opposition to the common currency.
A NPR report " Unfit For Work " notes the startling rise in those on disability. Here are some interesting facts from the article. Every month 14 million Americans receive a disability check.
Read the original post: Federal Spending Per Non-Government Worker
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Another "Euro Is Saved" Moment in Pictures Posted by Michael Shedlock at 11:25 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy.