Hard hitting global and local news
With that backdrop it will be easier to understand today’s Bloomberg report Argentina’s Bonds Decline on Plan to Offer Local-Law Swap . Argentina’s bonds sank to a two-month low after the government said it plans to pay foreign-currency notes locally to sidestep a U.S. court ruling that blocked payments and caused its second default in 13 years.
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CNN reports …
What States are the Biggest Job Winners and Losers in the Recovery? The Deloitte University Press has a very interesting, and comprehensive study on job gains and losses, by type of job, and state by state. The biggest winners are states involved in energy production, finance, or healthcare
The Wall Street Journal calls it The Great Chinese Exodus . Today, China’s borders are wide open. Almost anybody who wants a passport can get one.
Read the original post: Rebels Inflict Heavy Damage on Ukrainian Military Vehicles; Anti-Putin Sanction Alliance Crumbles
Let’s Play "Telephone"! Anyone recall the campfire game Telephone ? In the game of Telephone, someone, typically sitting around the campfire, whispers a phrase to the next person who in turn whispers the phrase to the next person until the message is passed to the final person who reports what he heard. Inevitably, the final result is nothing like what the first person said.
Rethink capitalism Every country should become like the fetid U.S.
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