Hard hitting global and local news
Read the original post: 85% of Atlantic City Flooded; New York Subway in Jeopardy; Markets Closed Again Tuesday; Hurricane Sandy…
The Wall Street Journal reports Amid Falling Profit, McDonald’s to Revisit ‘Dollar Menu’ McDonald’s Corp. reported a 3.5% decline in third-quarter earnings as sales slowed more dramatically than expected because of a sluggish economy and a disappointing marketing campaign. "We face softening demand, heightened competition and rising costs in many of our markets," Chief Financial Officer Pete Bensen said.
Brookings Institute On Looming Fiscal Cliff: Little Room for Optimism Posted by Michael Shedlock at 11:46 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Read More: Prepping for Obamacare, Olive Garden and Red Lobster Cut Workers’ Hours; Are Other Companies Doing the same? Tip…
In response Japan carmakers to cut China production by half . Sales have plunged at Japanese car makers since violent protests and calls for boycotts of Japanese products broke out across China in mid-September over the Japanese government’s purchase of a group of disputed islands in the East China Sea from their private owner.
Sunday, October 7, 2012 Venezuela’s Victory Over Wall Street Venezuela looks to have effectively outmaneuvered Western designs to overthrow national sovereignty, but many challenges lay ahead. by Tony Cartalucci Image : President Hugo Chavez soundly defeated US-backed opposition , despite a coordinated propaganda campaign, and millions of US State Department dollars utilized to manipulate the elections. Venezuela still faces many challenges. …
More: Infinite QE; Central Bank Balance Sheets as Percent of Nominal GDP; Euro Demand Deposits; Break-Even Inflation Trends
View post: Actual Constitutional Case Against OMT and ESM; Why Bond Buying Undermines Democracy; Is Draghi Above The Law?
Originally posted here: Unlimited Bond Buying "With Strings"; Mario Draghi vs. Randall from Monsters Inc
See more here: Japan Manufacturing PMI Hits 16 Month Low, New Orders Plunge