Hard hitting global and local news
See the article here: ECB President Draghi Urges Less Talk and More Talk (On the Same Subject)
Read More: 2012 Export Growth by Country; China and US at Top of List; World Trade Slowdown; Rebalancing at Glacial…
As expected in this quarter (but not by economists) eurozone economies contracted at the sharpest rates in four years with Germany, France, and Italy falling short of consensus estimates. The eurozone consensus was .4%. The 17-nation bloc shrank at .6% quarter-on-quarter while the broader 27-nation bloc shrank .5% quarter-on-quarter.
However, economists were wrong again as Japan fourth-quarter GDP shows economy still in recession Japan’s economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession and adding weight to the new government’s push for radical policy steps to revive growth.
See the article here: Reflections on Rand Paul’s Response to Obama’s State of the Union Address
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
Thus one should not be surprised by this can-kicking idea: Republicans Propose Job Freeze to Avert Defense Cuts Republican members of the House and Senate Armed Services committees revived a proposal to avert automatic spending cuts by reducing the federal workforce through attrition and freezing congressional salaries. The legislation would save $85 billion through Sept
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