May 30, 2015
Odds of losing a Job to Automation: Which Jobs are at Risk, Which Aren’t?
Librarians: 64% College Professors: 3.2% I disagree with some of those.
Hard hitting global and local news
Hard hitting global and local news
Librarians: 64% College Professors: 3.2% I disagree with some of those.
First Quarter GDP -0.7%; GDPNow Second Quarter Forecast +0.8%; Economists Get Zero Accolades; Smoothed Recession Odds First quarter GDP came in at -0.7% pretty much in line with the Bloomberg Consensus estimate of -0.8%. First-quarter GDP was revised down about as expected, to minus 0.7 percent vs expectations for minus 0.8 and compared with an initial reading of plus 0.2 percent. Updated source data made for a bigger negative contribution from net exports as imports spiked 5.6 percent from an initial gain of 1.8 percent.
Read this article: Five Chicago Suburbs Headed for Bankruptcy (More Illinois Cities Will Follow)
See original article: Introducing the Zero Labor Factory (90% Free Actually); Robots at Chili’s, Applebees, Panera
The ECB is attempting to stem the flow by not upping emergency liquidity assistance (ELA) as noted yesterday in Run on Greek Banks Accelerates; ECB Halts Emergency Funding Hike; Untangling the Lies Everyone Prepared? When the ECB and Germany say they are prepared for Grexit, do they include taxpayers who will have to foot the bill for default? My friend Lars from Norway pinged me with this observation today…
Taken from: Greece Says Creditor Agreement Deal Close, Senior Eurozone Official Says "I Wish it Were True"
Read More: Livestream of Rand Paul "Unleashing the American Dream" 12:45 PM Central
See the original post: Robo-Journalism Will Produce 1 Billion Web Stories in 2015 (This Isn’t One of Them); McJournalism Coming…
Dallas Fed Manufacturing Index Collapses: Lowest Production Reading in 6 Years, Orders Contract 7th Month, New Orders 5th Month Dallas Fed Manufacturing Index Plunges Below Any Economist’s Estimate Fed manufacturing surveys remain weak at best.