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View post: Income Inequality Author Turns Down Prestigious Award; Can you Solve a Problem When You Don’t Know the Cause?
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Happy New Year! Posted by Michael Shedlock at 3:37 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
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Read more here: Snap Elections in Greece; 3-Year Bond Yield Tops 12%; Potential Cascade! Who Has the Upper Hand?
MainWire explains in Lessons for Maine in Vermont’s Failure . Last Wednesday, Vermont Governor Peter Shumlin announced that he was abandoning his plan for a single-payer health care system for the state, finally admitting in an unexpected news conference that it is “not the right time.†As one most liberal states in the nation, Vermont has faced years of internal pressure to adopt government-run health care.
More here: Gmail Dead in China, All Google Products Blocked; Reserve Currency Silliness Review
The Financial Times reports China Zombie Factories Kept Open to Give Illusion of Prosperity . In the shadow of a group of enormous smokestacks and abandoned foundries, a peeling sign welcomes visitors to the Wenxi Steel Industrial Park.
More: Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?
More here: Russia’s Overnight Lending Rate Hits 19%, as Mistrust of Banks Spreads; Ruble Up Again