Hard hitting global and local news
For details, please consider the New York Times article In Ruling on California Town’s Bankruptcy, Judge Challenges Sanctity of Pensions .
I had the pleasure of being interviewed by Gordon Long last week.
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More: "Come Hell or High Water" Promise Morphs Into "Infinity and Beyond"
Vial translation from El Economista, Manufacturers and Retailers Warn of Another Consumption Slowdown . After a slight recovery in the first months of the year, stagnation set in since June, according to almost all employers and associations of producers and distributors
More here: Taliban Storm Afghanistan, Beheadings Galore
More here: PIMCO About to Fire Gross for "Erratic Behavior"; Janus Picks up Gross, Shares Jump 40%
More: Housing Prices, "Real" Interest Rates, and the "Real" CPI
Financial Times writer Wolfgang Münchau provides an excellent example in Italy Debt Burden is a Problem For Us All . Münchau’s opening gambit is " We need extreme and co-ordinated policy to make it possible for Italy to ultimately stay in the eurozone. " Münchau states, " I think it is high time to address the consequences of failure with more clarity than is usually done
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