Hard hitting global and local news
Hard hitting global and local news
An amusing poll by Rasmussen shows 63% Think Congress Can Always Make Things Worse . Poll Questions Generally speaking how do you rate the way that Congress is doing its job
ExtremeTech reports Microsoft cuts the price of Windows 8 and Office 2013 .
Wired reports 11 Years Later, Senate Wakes Up to War on Terror’s ‘Battlefield America’ Sen.
Hello Mish, Your translation seems correct. It’s quite astonishing is that a serious newspaper like Les Echos reports this story
Bloomberg reports Swiss Voters Approve Limits on ‘Fat Cat’ Executive Pay Swiss voters approved some of the world’s toughest limits on executives’ pay in a referendum, a move critics say could make Switzerland less attractive to multinational corporations. The initiative against “fat cats,” proposed by Thomas Minder, head of a herbal toothpaste company, was backed by 67.9 percent of the voters today, the government said on its website today. The proposal gives shareholders an annual ballot on managers’ pay
European bulls lauding the message “the worst is behind” received another dose of reality today. Data shows German car sales plunge as Europe’s auto crisis deepens . New car sales in Germany fell by more than 10 percent year-on-year in February, signaling the crisis for Europe’s auto makers is deepening as recession-hit consumers curb spending.
Via Email, Michael Pettis author of " The Great Rebalancing " (see "Great Rebalancing" Book Review: Two Thumbs Up ) dispels the myth that Spain and peripheral Europe are on a sustainable rebalancing path relative to Germany. Pettis writes …
Haruhiko Kuroda (Abe’s nominee to head Japan’s central bank) pledges to do Whatever Needed to Combat Japan Deflation .