Hard hitting global and local news
Target Drops Healthcare Coverage for Part-Time Workers, Claims No Reduction in Hours; Thank Your Employer? Obamacare does not mandate healthcare coverage for part-time employees (defined as those working less than 30 hours a week)
Originally posted here: China Abandons Disastrous Cotton Stockpiling Program; Lessons Not Learned; What About Stockpiling Money?
Please consider Breaking Out Is Hard by Andie Xie. The global economy is unlikely to accelerate in 2014. The hope that the U.S
Via translation from Les Echos , please consider Air Traffic Controllers Strike Again in Late January Air traffic controllers are on strike from January 27 to 31, with a black day 29. They oppose a proposed Brussels lower royalties. Three months after strike against the plans of the European Commission for the "Single European Sky", the French air traffic controllers will strike again, for the same reasons, from 27 to 31 January
See the article here: Highland Park Michigan Skids Towards Bankruptcy, Public Union Pensions to Blame as Usual; Fifth Third Bank…
More: Bottom 5 States in Fiscal Condition: New Jersey, Connecticut, Illinois, Massachusetts, California
More Christie Allegations: Mayor of Flooded Hoboken Claims "Christie Held City Hostage" New Jersey Governor Chris Christie has been damaged by numerous allegations involving political paybacks regarding lane closures on the George Washington Bridge that disrupted traffic for days. That scandal was bad, but at least Christie has claimed no personal involvement.
Original post: SYRIZA Surges in Greek Polls, Would Win Election if Held Today; Message People Want to Hear; Contagion Guarantee
Greece Will Default in May Without Another Bailout or Change in Terms Cash flow analysis shows Greece is in serious trouble again in spite of having a current account surplus. Specifically, Greece needs a change in payback terms or another bailout or it will default in August, if not May. I use the words "will default" imprecisely.
Via translation from La Vanguardia, please consider Bank Defaults Hit Record 13% in November . Delinquency ratio of banks, savings banks, cooperatives and credit institutions operating in Spain rose again in November to 13.08%, a level not seen since the data began to be collected, over 50 years