TheEconomicsof a HigherWageFloor – NYTimes.com http://feedly.com/k/14BE3gg shared via http://feedly.com Seguir leyendo The Economics of a Higher Wage Floor – NYTimes.com

GreekYouthUnemploymentSoarsToRecord 65% http://feedly.com/k/17zskd7 RIPGreekovery. What little hope there may have been that bad and/or deteriorating Greek economic data had peaked in the early part of 2013 and the country was set for a long overdue "recovery" was promptly extinguished following today’s latest release of the Greek May labor forcesurvey. The headline news for the broader population was ugly: The number of employed was 3,621,153, a … Seguir leyendo Greek Youth Unemployment Soars To Record 65%

BRICSCrumble http://feedly.com/k/1cgCAPB FollowZeroHedgein Real-Time onFinancialJuice ‘The bigger they are, the harder they fall’ has always been true and is seemingly even more so today with regard to the BRICs (Brazil, Russia, India and China). The Organisation for Economic Co-Operation and Development(OECD) shows that there is a divergence with regard to growth patterns in economies around the world. While theBRICs are suffering largely from a slow–downintheireconomies … Seguir leyendo BRICS Crumble

Starved polar bearperishedduetorecord sea-ice melt, saysexpert http://feedly.com/k/197bsRD shared via http://feedly.com Seguir leyendo category rev polar bear perished due to record sea-ice melt, says expert

300 Tons a Dayof Nuclear WastefromJapan’sFukushima Nuclear PlantPoursIntoOcean http://feedly.com/k/15QijKI Officials in Japan hid the fact that the Fukushima nuclear plant has been pouring hundreds of tons of nuclear waste water into the ocean every day and that a containment barrier has been breached. Here are a few links. On Tuesday the BBC reported FukushimaRadioactiveLeak a New Emergency Japan’s nuclear watchdog has said the crippled Fukushima … Seguir leyendo category rev300 Tons a Day of Nuclear Waste from Japan’s Fukushima Nuclear Plant Pours Into Ocean

DanishSorrows http://feedly.com/k/15QoU7S New CreditVulnerabilityDiscovered We had to read the headline of a recent Bloomberg article twice to grasp its meaning. See if you can do better: “New Crisis Lurksin Cure forOld as DanishProbeShowsRisks” Say what? What they mean is that a previous credit crisis was somehow ‘cured’ and that now said ‘cure’ threatens to create a new crisis. ‘Danish probe’ is not some unmentionable medical … Seguir leyendo Danish Sorrows

USConsumerSpendingFlatSinceMarch – Gallup http://feedproxy.google.com/~r/MishsGlobalEconomicTrendAnalysis/~3/-XLItqLmNvY/us–consumer–spending–flat–since–march.html A Gallup Poll headline says "U.S. Self–ReportedSpendingFlatSinceMay" However, the charts show stagnation since March. Let’s take a look. U.S. self-reported daily consumer spending was $89 in July, unchanged from the $90 of June and May. The relatively flat spending levels of the past five months are consistent with the weak GDP reports of the past three quarters and the lack of … Seguir leyendo US Consumer Spending Flat Since March – Gallup

TheQuantityTheoryofMoneyisWrong http://feedly.com/k/143HfKI The quantity theory of money is still at the heart of mainstream analysis of price movements and inflation. In essence, there are two versions of theory: (1) The Equation of Exchange: MV = PT, where M = quantity of money; v = velocity of circulation; P = general price level, and T = total number of transactions. (2) the Cambridge Cash Balance equation: … Seguir leyendo The Quantity Theory of Money is Wrong