Hard hitting global and local news
One relative bright spot is Amazon Hiring More than Penney’s, Walmart Combined . Leaving one widely watched holiday hiring forecast in the dust, Amazon (AMZN) said Tuesday that it will add 25 percent more seasonal workers this year, outpacing many of its bricks-and-mortar competitors who plan to keep hiring flat.
Housing Starts Surprise to Upside Led by Multi-Family, Permits Surprise to Downside There’s something for bulls and bears alike to cheer about in today’s housing starts report. Starts were ever-so-slightly above the top Econoday Estimate but permits were well below the lowest economist’s estimate. Starts, driven by a spike in multi-family units, came in much stronger than expected in September, news offset however by a significant decline in permits.
See more here: Socialist Finds 14 Flaws in Capitalism and Seeks Help to Fix Them; Mish 14 Point Rebuttal
Tweet Yesterday I listed to both KCRW and KQED podcasts about whether recycling is worth it, occasioned by John Tierney’s decision to recycle his "I hate recycling" op-ed from 20 years ago.
Original post: UberRUSH: Uber’s On-Demand Delivery Service Rolls Out in New York, Chicago, and San Francisco
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Industrial Production Declines Again, Down Eighth Time in Nine Months Industrial production declined for the eighth time in nine month, by 0.2%, pretty much in line with Econoday Consensus estimates.
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