Edward Hugh submits: As Japanese officials continue to toil away in what we all hope will be a successful bid to avert a worst case scenario nuclear meltdown, even while thousands of Japanese still remain missing and unaccounted for, financial market participants across the globe have been struggling with themselves to answer one and the same question: Just how serious are the economic consequences of all this devastation likely to be? Basically, the economic issues raised by Japan's continuing ago
COLUMBUS, Ohio — Ohio’s untried execution method, the first of its kind in the U.S., will cause a condemned killer “agony and terror” as he struggles to breathe, attorneys trying to stop the execution argued in federal court.
The two-drug combination won’t sedate death row inmate Dennis McGuire properly, and he will experience a suffocation-like syndrome known as air hunger, the attorneys said in filings Monday and Tuesday.
Black Monday messages on Facebook and Twitter have gone viral in Italy as people have had enough of austerity, job losses, and uncertainty. La Stampa reports on Panic in the Network.
What follows is a Mish-revised translation of select ideas and quotes from the article. My specific comments are in brackets.
Following the to-ing and fro-ing of the last 2 days with US and Japan "testing" China's new Air Defense Zone (ADIZ), China has not only escalated (as we noted earlier) but as the day begins in Asia is stepping up the rhetoric significantly.
Empirical research has shown that "opportunity-driven" entrepreneurship is the wellspring of growth in the modern market economy. In Japan, the relative dearth of opportunity-driven entrepreneurship has contributed to the nation's economic malaise over the past two decades -- since the asset price bubble burst in 1991.
In Japan things have gone from Grim to Grimmer. The Markit/JMMA Japan Manufacturing PMI™ shows Japanese manufacturing sector contracts at sharpest rate for 19 months in November.
Output and new orders both continue to decline
Capital goods producers register sharpest falls in production and sales
Inventories and employment cut amid subdued economic outlook