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Initial Reaction The establishment survey showed a gain of 162,000 jobs. The previous two months were revised lower
• XKeyscore gives ‘widest-reaching’ collection of online data• NSA analysts require no prior authorization for searches• Sweeps up emails, social media activity and browsing history A top secret National Security Agency program allows analysts to search with no prior authorization through vast databases containing emails, online chats and the browsing histories of millions of individuals, according to documents provided by whistleblower Edward Snowden. The NSA boasts in training materials that the program, called XKeyscore, is its "widest-reaching" system for developing intelligence from the internet. XKeyscore, the documents boast, is the NSA’s "widest reaching" system developing intelligence from computer networks – what the agency calls Digital Network Intelligence (DNI).
Visit link: Treasury Yields Surge Following Allegedly Good Data; Is Bernanke Getting the Message?
India Housing Bubble Still Expanding This is a guest post from by Deepak Shenoy, an economic blogger at Capital Mind in India.
See more here: Economic Recovery in Spain? Tax Collections, Retail Sales Prove Otherwise
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California passed Proposition 99 in 2008.
Slight expansion of sales recorded in July Slowest fall in employment for over a year Further reduction in purchasing activity Summary French retailers signalled a return to growth in sales during July. Although modest, the month-on-month increase was the first recorded since March 2012. Sales were also marginally higher on an annual basis
View original post here: Carl the Robot Bartender Mixes Drinks and Chats With Customers
Juergen Stark, former ECB chief economist (who resigned in 2011 over a dispute regarding bond purchases), says in an interview in Handelsblatt "The Euro crisis will worsen in late autumn" Via Google Translate A year ago, ECB chief Draghi announced plans to do anything to save the euro. The former ECB chief economist Juergen Stark considers this fatal. He fears that the ECB will soon have to support France with bond purchases