Hard hitting global and local news
Rising Trucker’s Pay, Falling Desire for Trucking Jobs Provide Reasons Self-Driving Trucks Will Reshape Industry Fewer and fewer people are willing to live the trucker’s life. This has created a shortage in drivers and in turn Rising Pay is Reshaping the Trucking Industry . The shortage of truck drivers in the U.S
Continued here: Washington Post Confirms: ISIS Supplied Via Turkey, a US Excuse to Seize Syria
View article: UK Seeks "Two-Tier" Europe Enshrined in Law
View article: Manufacturing ISM Flirts With Contraction Third Month, Employment Shifts to Contraction
See more here: Greek Banks Need €14 Bn Recapitalization Following Latest Stress-Free Tests
Via translation, El Confidential comments on the Banking Drag of €238 Billion Nonperforming Loans at Spanish Banks . The profitability of banks has plummeted. And only the loose monetary policy of the ECB has improved the results.
Personal Income, Consumer Spending Weaker Than Economists Expect Today’s Personal Income and Outlays report came in below Consensus Estimates . Inflation is not building based on the Fed’s favorite reading, the core PCE price index which inched a lower-than-expected 0.1 percent higher in September with the year-on-year rate steady and flat at only plus 1.3 percent
As a guest post, here is the opinion of IMD Professor Carlos A. Primo Braga on on the economic, political and psychological drivers of Brazil’s currency slide.
Originally posted here: Former Australia Prime Minister Chastises EU on Securing Borders, Economic Migration; Mish for President Review
MarkeyWatch author Brett Arends offers this opinion: Why Dennis Hastert’s Conviction is an Outrage . If you aren’t outraged by what just happened to “disgraced†former House Speaker Dennis Hastert, you’re not paying attention. No, it doesn’t matter if you think he’s a raging hypocrite