Hard hitting global and local news
Please consider Amazon Unveils New Hybrid Drone Prototype to Make Deliveries Within 30 Minutes . Amazon has unveiled a new hybrid delivery drone that can fly both vertically, as a helicopter capable of landing in customers’ backyards, and horizontally like a conventional plane. The drone can travel up to 15 miles at high speed.
Originally posted here: French Unemployment Rises Most in Three Years to Record Level
The Financial Times reports Turkey Shoots Down Russian Fighter Jet on Syrian Border . Vladimir Putin has accused the Turkish government of providing financial and military support to Isis, in a furious response to the downing of a Russian fighter jet near the Syria-Turkey border.
For example, the New York Times reported in March Wells Fargo Puts a Ceiling on Subprime Auto Loans . Wells Fargo, one of the largest subprime car lenders, is pulling back from that roaring market, a move that is being felt throughout the broader auto industry.
View original post here: Terrorist Mastermind Killed in Raid; France Blames Belgium; Criticized Belgium Locks Barn Door Read
Philly Fed Slightly Positive After Two Months of Contraction, but New Orders and Shipments Negative, Workweek Collapsed In what likely amounts to a bit of economic noise, the Philadelphia Fed regional manufacturing report posted a rise of 1.9, slightly beating the economic consensus of 0. Unlike Monday’s Empire State report which is pointing to out-and-out weakness for the November factory sector, the Philly Fed’s November report is no worse than flat and points to little month-to-month change for a sector, however, that continues to struggle.
View article: Housing Starts Plunge 11% to 7-Month Low: Single-Family Down 2.4%, Multi-Family Down 25%; Hidden Strength?
Read More: Nouriel Roubini: "Positive Impacts of Paris Attacks Modest Unless More Attacks Follow"
Bloomberg notes Japan Enters Recession as Economy Contracts in the Third Quarter . Japan’s economy contracted in the third quarter on sluggish business investment, confirming what many economists had predicted: The nation fell into its second recession since Prime Minister Shinzo Abe took office in December 2012.
Excerpt from: France Strikes Back; Increasingly Isolated Merkel Refuses to Change Position