The artificially engineered U.S. recovery is already starting to falter as a continuous procession of disappointing data continues to confirm the sad truth. Recent numbers on GDP, durable goods, housing, regional manufacturing, initial unemployment claims and leading economic indicators all indicate a sharp slowdown in GDP growth.
Paul Price submits: Amid all the hoopla about GM’s IPO last week was a feeling that somehow the bailout had ‘worked out well’ for taxpayers. Barron’s was nice enough to publish the truth about where we stand so far.
It’s been a long time since I’ve been broke, but I can still remember exactly what it felt like. I can picture all the ugly details of the way I used to struggle; the empty bank account, the awkward moments, the feelings of despair…. And honestly, one particularly awkward conversation with my sister still plays clearly in my mind to this day:
U.S. Deputy Secretary of Commerce Rebecca Blank today announced the appointment of 26 members to the 2013 Manufacturing Council (Council). The Council, established in 2004 and directed by the Department of Commerce’s International Trade Administration, helps to ensure that there is regular communication between the U.S. government and the manufacturing sector.
With Gallup registering an all-time high in the percentage of people who say that their congressperson does not deserve to be reelected, it looks like we're headed for a massive wave of anti-incumbent destruction this November. Or does it?
John Sides took the data from 1992 to 2008 and plotted a graph seeing whether that poll question predicts incumbent-reelection rates. Here's how it looks:
Oklahoma City (Reuters) - Chesapeake Energy Corp shareholders delivered a broad rebuke of the company's board on Friday, withholding support for two members up for reelection in the wake of a governance crisis and poor financial performance at the U.S. oil and gas company. V. ...
Oklahoma City (Reuters) - Chesapeake Energy Corp shareholders delivered a broad rebuke of the company's board on Friday, withholding support for two members up for reelection in the wake of a governance crisis and poor financial performance at the U.S.
Imagine you are asked to sign a document but three pages were missing. Further imagine the documents you were asked to sign were written in English but you only speak Greek. Would you sign?
That is exactly the predicament Greek officials were placed in by the Troika. Here is the story sent to me by Demetri Kofinas at Capital Account.