Tag: social-media

ECB’s Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity
September 18, 2014 0

ECB’s Targeted Lending Spree Starts Out As Flop; Modern Monetary Insanity

By News Desk

Today the Financial Times reports ECB’s Lending Spree Short of Expectations . The European Central Bank’s first offer of cheap four-year loans has fallen short of expectations, dealing a blow to president Mario Draghi’s hope of sustaining the eurozone’s ailing economy by expanding the central bank’s balance sheet. Banks borrowed €82.6bn through the first of the ECB’s Targeted Longer-Term Refinancing Operations, or TLTROs, one of policy makers’ big ideas to revive the currency area’s recovery.

Counting Sheep: French Government Faces Second No Confidence Vote in Six Months
September 16, 2014 0

Counting Sheep: French Government Faces Second No Confidence Vote in Six Months

By News Desk

Counting Sheep: French Government Faces Second No Confidence Vote in Six Months Second No Confidence Vote in Six Months In spite of the fact the Socialist party holds a majority of just 1 in the 577-seat lower house, French prime minister Manual Valls hopes to stabilize things with a Second No Confidence Vote in Six Months . Mr Valls could see a narrowing of his majority compared with the vote when he was first appointed prime minister at the end of March after a big socialist loss in local elections. Then he won by a margin of 306 votes to 239 against, with 26 abstentions.“Valls is politically and economically archaic

53% of Chinese Expect War With Japan
September 11, 2014 0

53% of Chinese Expect War With Japan

By News Desk

53% of Chinese Expect War With Japan Even with battles over energy, disputed islands, and recent militarism by Japan, one might not have expected this polling result: Majority in China Expect War with Japan . China and Japan are heading towards military conflict, according to a majority of Chinese surveyed on ties between the Asian powers in a Sino-Japanese poll. The Genron/China Daily survey found that 53 per cent of Chinese respondents – and 29 per cent of the Japanese polled – expect their nations to go to war.

Average Workweek Back at Pre-Recession Levels: What About the Obamacare Effect?
September 9, 2014 0

Average Workweek Back at Pre-Recession Levels: What About the Obamacare Effect?

By News Desk

For detailed analysis, please consider The Worst Job Stat Continues To Get Even Worse by Jed Graham at Investor’s Business Daily. Amid all the focus on boosting the minimum wage and legislating living wages, virtually no one seems to have noticed what is happening to the workweek in low-wage industries. Since December 2012, private industries paying up to about $14.50 an hour have added, on net, 972,000 nonsupervisory jobs with an average workweek of a mere 17.7 hours, an IBD analysis finds.