Euro-Area Economy Contracts for the First Time Since 2009 By Simone Meier, from Bloomberg Europe’s economy shrank less than economists forecast in the fourth quarter as a better-than-predicted performance in Germany and France helped mitigate the region’s first contraction since 2009. Gross domestic product in the 17-nation euro area fell 0.3 percent from the prior [...]
CHRISTINE LAGARDE Lagarde Says Europe Must Boost Firewall By IAN TALLEY, from The Wall Street Journal The global economy faces a depression-era collapse in demand if Europe doesn’t quickly act to dramatically boost the size of its debt-crisis firewall, implement pro-growth policies and further integrate the euro zone, the head of the International Monetary Fund [...]
World Bank warns of global growth slowdown From Associated Press BEIJING – The World Bank warned Wednesday of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis. The bank cut its growth forecast for developing countries this year to 5.4 [...]
I live in a large Florida city and the streets are becoming more and more empty. This is happening all over America as people leave to go in search of work in other cities, other states and other countries. Five years ago, in 2007, the streets of this city were packed with cars going in [...]
By Michelle Wiese Bockmann and Alaric Nightingale, from Bloomberg Slumping shipping costs show exports to Europe from China are “falling off a cliff” as the euro-region crisis chokes off consumer spending, according to RS Platou Markets AS, a unit of Norway’s biggest shipbroking group. The CHART OF THE DAY shows how the cost of hauling [...]
We live in a middle size Florida city. I first noticed that the streets and highways of this extended city had lost most of their cars in 2008. During the booming 1990’s and early 2000’s the city politicians robbed the public big time, by building streets and highways going out of the city to new [...]
Roubini: U.S. in Throes of Economic Contraction By Liza Horowitz and Matt Winkler, from Bloomberg Most advanced economies are lapsing back into recession while the U.S. is already in the throes of an economic contraction, according to Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC. “The way I see the global economy, I [...]
I can see an earth bending change coming down the road. It concerns the relationship between the U.S.A. and Israel. For the last half century, the U.S. has been the sole supporter of Israel, a tiny piece of land in the Middle East attached to a Monster Military Machine that roved around the earth like [...]
