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See more here: 300 Tons a Day of Nuclear Waste from Japan’s Fukushima Nuclear Plant Pours Into Ocean
The above link is from the Fox News story Army won’t suspend contracts with Al Qaeda-tied companies, citing ‘due process rights’ In a scathing passage of his latest report to Congress, Special Inspector General John Sopko said his office has urged the Army to suspend or debar 43 contractors over concerns about ties to the Afghanistan insurgency, "including supporters of the Taliban, the Haqqani network and al Qaeda." Sopko wrote that the Army "rejected" every single case. Sopko pointed out the apparent disconnect between one part of the Army that is killing insurgents and the other part that allegedly is doing business with them
PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents’ Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nation’s young adults ages 18 to 31 the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S
Read this article: An Analysis of July Employment Numbers 1955 to 2013; Full-Time Employment Down Over 5 Million Since 2007
I am normally critical of IMF forecasts, but their baseline unemployment projection for Spain of 25% or more with no more than .6% annual growth through 2017 seems reasonable. The pessimistic scenario is a toxic deleveraging downward spiral that continues right now. The optimistic scenario assumes 2% growth, but that scenario does not start until 2018, and only if labor reforms in Spain and Europe take place
Read More: "Tax Nightmare" of Eminent Domain Mortgage Seizures
In a followup guest post on the Big Picture blog, Kotok offers More on Munis, Detroit, Bloomberg, Whitney & Wilson . In our recent commentary on municipal bonds and Detroit, we argued in favor of buying the highest-grade AAA tax-free municipal bond It currently yields more than the corresponding taxable US Treasury obligation.
View original post here: Carl the Robot Bartender Mixes Drinks and Chats With Customers
Juergen Stark, former ECB chief economist (who resigned in 2011 over a dispute regarding bond purchases), says in an interview in Handelsblatt "The Euro crisis will worsen in late autumn" Via Google Translate A year ago, ECB chief Draghi announced plans to do anything to save the euro. The former ECB chief economist Juergen Stark considers this fatal. He fears that the ECB will soon have to support France with bond purchases
Link: Euro Sucks Italian Blood; Prime Minister Blames Tax Evasion; Reflections on Italy’s Shadow Economy