Hard hitting global and local news
Has the global economy stabilized in the last month? Of course not. Have the risks receded
Refugees will Freeze to Death Warns Juncker Without assigning any blame to himself for the predicament, Juncker warns Refugees Will Freeze to Death . Migrants crossing the Balkans will begin freezing to death as winter approaches, the head of European Union has said, as leaders warned the continent was "falling apart" trying to deal with the biggest refugee crisis since the Second World War
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.
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
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?
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I covered the Daily Show video in my post Caught in a Massive Lie: Daily Show Comments on Bernanke’s Lies Regarding "Printing Money" . So which is it?