Hard hitting global and local news
Hard hitting global and local news
The New York Times reports Renault, Adjusting to Europe’s Declining Market, Will Cut 7,500 Jobs France’s ailing industrial sector took another blow on Tuesday when Renault said it planned to cut 7,500 domestic jobs by 2016, or about 17 percent of its French labor force, as it adjusts production capacity to the crushing downturn in the European car market. Of the 135,000 people Renault employs worldwide, more than 44,600 work in France. Ms.
It was Dr. Monnett in the Email, Leaking to Rick Steiner and PEER Recently, a Shell drilling vessel, the Kulluk, broke free from it’s towing lines in a storm and ran aground. Personnel on the platform had to be rescued by the Coast Guard and there is now a major effort to refloat the Kulluk and ensure there is no secondary damage from oil leaks and such. Neven (who else) has a good summary of the situation and can be relied on to update as sensible.
Currency Wars: Bernanke Defends Fed Policy, Calls for Emerging Market Currency Appreciation Fed chairman Ben Bernanke is at odds with Brazil, China, and even the IMF over his policies.
Marilyn Carlson Nelson : CEO of Carlson, director of Exxon Mobil. Stephen Sestanovich : US State Department, Carnegie Endowment for International Peace, CFR. Judy Shelton : director of Hilton Hotels Corporation & Atlantic Coast Airlines
Saturday, August 25, 2012 2012 US Elections: Obamney vs. Rombama War, economic collapse, and personal devastation await Americans no matter who they vote for – and what we should do instead. by Tony Cartalucci August 25, 2012 -A vote for Obama will bring war with Syria, Iran, and eventually Russia and China.
Financial Times Alphaville picked up on the story in Chinese Banks’ Weapons of Mass Ponzi We wrote last week that China’s shadow banking system was reflecting and, to an extent, contributing to a growing liquidity risk which in turn is being exacerbated by net capital outflows. Since then, there have been some interesting revelations on the domestic liquidity management, especially in shadow banking, and especially especially in wealth management products