Hard hitting global and local news
See more here: 97% of Spain’s Social Security Pensions are Invested in Spanish Government Debt
The Huffington Post describes the setup in Stockton Pensions Present Problem In Bankruptcy At the conclusion of a three-day trial, a judge on Monday formally granted the city Chapter 9 protection, over the objections of creditors who questioned whether it was fair for the city to fully meet its obligations to the state pension system while other debt holders go partly paid.
Error: Could not extract: Unable to complete the HTTP request (Code 99)
Taken from: Sharp Deterioration in French Manufacturing; Hollande Orders Employers to Pay 75% Tax; Top Executives Join France Exodus
Originally posted here: Judge Rules Stockton CA Bankruptcy is Valid, City Acted in Good Faith
The HSBC China Manufacturing PMI shows Modest improvement in operating conditions. After adjusting for seasonal factors, the HSBC Purchasing Managers’ Index™ (PMI™) – a composite indicator designed to provide a single-figure snapshot of operating conditions in t he manufacturing economy – posted 51.6 in March, up from 50.4 in February, signalling a modest improvement.
Happy Easter Posted by Michael Shedlock at 11:10 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Regardless of Insurance, Taxpayers Pay Reader Chris writes Hey Mish, I have been discussing disability for quite some time with others. I know a few people on disability who should not be qualified.
Beppe Grillo "We are the French Revolution Without the Guillotine" With Beppe Grillo and unwilling to form a coalition government, and with Prime former Prime Minister Silvio Berlusconi making demands that Bersani will not go along with, Italian President Giorgio Napolitano Considers Options . One of those options includes stepping down early so the next president can call elections
Read the article: Canada Discusses Forced Depositor Bail-In Procedures for "Too Big To Fail" Banks in 2013 Budget