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See the original post: About That Surprise California Budget "Surplus": There is No Surprise and No Surplus Either
See more here: Can You Beat a Chimpanzee in a Memory Test?
The original source of the data is a study Striking it Richer: The Evolution of Top Incomes in the United States by Emmanuel Saez. From 2009 to 2011, average real income per family grew modestly by 1.7% but the gains were very uneven. Top 1% incomes grew by 11.2% while bottom 99% incomes shrunk by 0.4%
Read More: Reader Reflections on "Watson" the Medical Computer
Moreover, Inflation is a cause for optimism says Bank of England governor Mervyn King.
Common Plans, Coordinated Lies, and G7 Currency Statements Inquiring minds are investigating an amusing set of lies from the G7. At the top of the list is Group of 7 Will Let Market Decide Currency Values . Seven major developed countries including the United States and Germany pledged on Tuesday to let foreign exchange markets determine the value of their currencies
Read the original: McDonald’s Global Sales Slump 1.9 Percent; Price, Competition, Jobs to Blame
Looking for evidence of rebalancing in Europe? Don’t look here: German 2012 trade surplus soars despite weak December reports Germany’s trade surplus was the second highest in more than 60 years in 2012, pointing to an underlying resilience in Europe’s largest economy, although both imports and exports disappointed in the last month of the year
Please consider a repost of Quinn’s Illinois: regulations and cronyism crush entrepreneurship by Ben VanMetre. In Gov. Pat Quinn’s State of the State address , he said, “In our Illinois, small business means big business