June 2, 2014
Manufacturing ISM Expands 12th Month, But Less Than Forecast
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Hard hitting global and local news
Hard hitting global and local news
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Black Knight’s April Mortgage Monitor shows almost 2 million modifications face interest rate resets, and 40 percent of those resets are underwater. Email News Release "We have seen a continual reduction in the number of underwater borrowers at the national level for some time now, but modified loans show a different picture," said Kostya Gradushy, Black Knight’s manager of Loan Data and Customer Analytics. "While the national negative equity rate as of April stands at 9.4 percent of active mortgages, the share of underwater modified loans facing interest rate resets is much higher — over 40 percent
The Daily Ticker’s Lauren Lyster conducted an interesting interview today with British Member of Parliament Kwasi Kwarteng on gold and balancing the budget . To play the video, click on the preceding link.
Via translation from Les Echos please note a Sharp Rise in French Unemployment The number of Class A job seekers reached 3,626,500 in April. At this rate, the threshold of half a million more unemployed since the election of François Hollande will be reached this summer
See original article: Google Unveils Self-Driving Car, No Steering Wheel, No Accelerator, No Brake Pedal; Self-Driving Taxi Has Arrived
Read the original: Employers Struggle to Find Qualified Graduates: Poorly Written Resumes to Blame?
Wine Country Conference II Videos: Introduction and Hussman on "A Very Mean Reversion" Posted by Michael Shedlock at 1:11 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
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± 18.2 ± 22.3 Year-over-year, the US is down, the South is down, the Northeast is down, and the West is down. Only the Midwest is up. And please note the exceptionally wide confidence levels for Midwest sales. The Census bureau adds these additional notes "Changes in seasonally adjusted statistics often show irregular movement.
Please consider Bezos expects 10,000 robots at Amazon warehouses by 2015 Amazon.com plans to aggressively expand its use of robots at it warehouses in 2014, rolling out 10,000 of them by the end of 2014. Chief Executive Jeff Bezos told investors at Amazon’s annual shareholders meeting Wednesday that the company has about 1,000 robots picking products today. The robots are made by Kiva Systems, a company Amazon purchased two years ago for $775 million in a bid to further automate its warehouses