Tag: political

French Industrial Output Drops Unexpectedly; France Finance Minister in Complete Denial; Expect the Unexpected
December 10, 2013 0

French Industrial Output Drops Unexpectedly; France Finance Minister in Complete Denial; Expect the Unexpected

By News Desk

MarketWatch reports French Industrial Output Drops Unexpectedly . French industrial output dropped unexpectedly in October for the second month in a row, data from national statistics bureau Insee showed Tuesday, providing a further indication of a weak start to the final quarter of 2013 in the euro zone. Industrial production in the currency bloc’s second largest economy fell 0.3% in October from September, when it also fell 0.3%, Insee said.

Beneath the Headline Numbers, Not a Good Jobs Report
December 6, 2013 0

Beneath the Headline Numbers, Not a Good Jobs Report

By News Desk

For further discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? BLS Birth-Death Model Black Box The BLS Birth/Death Model is an estimation by the BLS as to how many jobs the economy created that were not picked up in the payroll survey

Lesson for Union Dinosaurs: Detroit Bankruptcy Judge Rules Public Pensions Haircuts OK; Unions Whine City Got "Absolutely Everything"
December 3, 2013 0

Lesson for Union Dinosaurs: Detroit Bankruptcy Judge Rules Public Pensions Haircuts OK; Unions Whine City Got "Absolutely Everything"

By News Desk

Yahoo!Finance reports Judge says Detroit Eligible for Bankruptcy Detroit is eligible to shed billions in debt in the largest public bankruptcy in U.S. history, a judge said Tuesday in a long-awaited decision that now shifts the case toward how the city will accomplish that task. Judge Steven Rhodes turned down objections from unions, pension funds and retirees, which, like other creditors, could lose under any plan to solve $18 billion in long-term liabilities