Hard hitting global and local news
Warning Shot: Poland Elects Rightwing Eurosceptic, Anti-Immigration Government A direct consequence of rising anti-immigration sentiment, Poland Elects Rightwing Eurosceptic, Anti-Immigration Government by an outright, albeit slim majority according to exit polls. Final results are due tomorrow.
Reuters asks Why are Chinese Malls Closing if Consumption is Rising? Rising vacancy rates and plummeting rents are increasingly common in Chinese malls and department stores, despite official data showing a sharp rebound in retail sales that helped the world’s second-largest economy beat expectations in the third quarter. The answer to that apparent contradiction lies in the rising competition from online shopping and government purchases possibly boosting retail statistics.
View original post here: Gardner Business Index Shows Small to Medium Sized Businesses Struggling Most
China Renews Commitment to Global Easing Party; US Tightening by Force Fresh on the heels of an ECB announcement of more QE and the further lowering of the excess reserve rate already at -0.2%, China Nervously Joins Global Easing Campaign .
More here: IMF Prepared to Bless Yuan As Reserve Currency; Reason to Celebrate? Any Real Significance?
Turkish Prime Minister Ahmet Davutoglu now says Turkey Should Not Become ‘Concentration Camp’ for Migrants . Turkey wants fresh funding from the European Union in exchange for stopping migrants streaming to Europe but should not be expected to turn itself into a "concentration camp" for refugees, Prime Minister Ahmet Davutoglu said on Monday
Excerpt from: Rio Tinto’s Pilbara Mines Totally Driverless, Controlled 746 Miles Away
View article: Anti-Immigration Party Wins Swiss Election
Swamped By Stupidity; Peak Merkel Backlash against sheer stupidity is starting to build. I am talking about German Chancellor Angela Merkel’s decision to ramrod an agreement that requires EU countries to accept more alleged refugees than many countries want, and even Germany itself can handle. The backlash has finally hit Germany in a big way as was easily predictable months ago.
View article: Homebuilder Confidence Soars to Highest Level in 10 Years Despite Falling Traffic; Unwarranted Optimism?