Hard hitting global and local news
Buried in a transportation bill that President Obama signed on July 6, 2012, was a change to make it appear pension plans are better funded than they really are. The bill was called Map-21 "Moving Ahead for Progress in the 21st Century Act". Here is a catchy logo and stated goals.
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The El Pais Screwdriver Blog openly asks ” Are we to Liberate the Euro? ” Here is a Mish-modified translation: Today Spain has reached a record number of unemployed.
Spain’s Unemployment Rate Rises Full Percentage Point to Record 27.2%; Unemployment Tops 6.2 Million Spain’s budget deficits are out of control, home prices are still falling, GDP is down 2% annualized in the first quarter , production is down, the unemployment rate soared a full percentage point to 27.16%, and a record 6.2 million are out of work. Here are some stats from Spain’s National Statistics Office as noted in the Financial Times . Almost 240,000 people lost their jobs in the first three months of the year.
View article: Utopian Union Fantasy: What If Every California Worker Made What City of Irvine Workers Make?
U.S. Mint Runs Out of Smallest American Eagle Gold Coin; Is There a Shortage of Physical Gold? Coordinated Smackdown by Naked Shorts
Political Prediction: Merkel Loses Chancellorship in September as Support for AfD Soars Now that we have an Understanding of German Political Parties let’s consider some scenarios from reader Bernd who lives in Germany about how the election on September 22 plays out.
Read More: China PMI barely Above Contraction; Chinese Stocks Slump as Manufacturing Slows
My speech, " A Brief Lesson in History ", is available at Wine Country Conference Speaker Presentations . The videos are the actual presentations, and we are making a couple of them available each week for three weeks
The Minister of Public Works and Housing of the Government of Andalusia, Elena Cortes Jimenez, advocates a Reduction in Mortgage Debt for All Spanish Families . Here is a Mish-modified synopsis. Elena Cortes Jimenez, Minister of Public Works, claims eviction proceedings lead to further drying of mortgage lending, making it harder for young people to access home ownership