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See original article: Spain Raids Social Security Reserve Fund to Meet Deficit Targets; New Rules Compound Deficit Woes for Spain,…
Yahoo!Finance reports Judge says Detroit Eligible for Bankruptcy Detroit is eligible to shed billions in debt in the largest public bankruptcy in U.S. history, a judge said Tuesday in a long-awaited decision that now shifts the case toward how the city will accomplish that task. Judge Steven Rhodes turned down objections from unions, pension funds and retirees, which, like other creditors, could lose under any plan to solve $18 billion in long-term liabilities
Debt Deflation in Spain: Record 4.7% Decline in Household Credit, Business Lending Down 10% Posted by Michael Shedlock at 10:01 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Taken from: Expect the "Practically Virtually Impossible"
Bloomberg reports Emerging Market Slowdown to Last for Years Unilever (UNA) Chief Executive Officer Paul Polman said the economic slowdown in emerging markets is here to stay as many countries need to enact structural reforms to adjust to new conditions after the boom of recent years.“They are still relatively stronger economies, but still fragile,†Polman said. “And you see that growth coming off now a little bit, obviously not being helped either by lower demand coming from Europe and the U.S
ABC News reports White House Declares Obamacare Website Fixed, But Problems Persist Two months after the troubled launch of its signature health care initiative, the Obama administration on Sunday announced that its online insurance marketplace now functions smoothly for the “vast majority†of consumers seeking to shop for and enroll in coverage. Today “is not a magic moment but a process of continual improvement over time,†said Julie Bataille, communications director for the Centers for Medicare and Medicaid Services, which manages the website
The Washington Post reports Puerto Rico confronts a rising economic misery . Boxes and wooden crates filled with household items bound for the U.S.
The Wall Street Journal reports On Black Friday, the Real Fight Was Online . Brick-and-mortar retailers mounted a furious defense on Black Friday to head off incursions into one of the industry’s biggest shopping days by such online rivals as Amazon.com Inc. The tactics were evident in stores and on websites as millions of holiday shoppers lined up to spend their dollars on highly touted deals
Arnaud Montebourg, Minister of Industrial Renewal of France, has a new target in his sights, the French public procurement group UGAP . Here is some background information about UGAP.