Francia: “Pensiones, empleo: el FMI exhorta a Francia a reformarse” http://feedly.com/k/16wAYw6 “No hay crecimiento sin reformas, advierte el FMI”, publica Le Figaro el día siguiente de que dicha institución hiciese público, el 5 de agosto, el informe anual sobre Francia. Porque aunque el FMI confirma que “la economía [francesa] está en fase de reactivación”, también opina que el retorno a un verdadero crecimiento se ve … Seguir leyendo Francia: “Pensiones, empleo: el FMI exhorta a Francia a reformarse”

HowMuchIsOilSupporting U.S. EmploymentGains? http://feedly.com/k/14vBJYn Submittedby Daniel GraeberviaOilPrice.com, TheAmericanPetroleumInstitutesaidlastweekthe U.S. oiland natural gas sector wasanenginedriving job growth. Eight percent of the U.S. economy is supported by the energy sector, the industry’s lobbying group said, up from the 7.7 percent recorded the last time the API examined the issue. The employment assessment came as the Energy Department said oil and gas production continued to make gains across … Seguir leyendo How Much Is Oil Supporting U.S. Employment Gains?

CyprusUnemployment Surges 32% Year-Over-Year http://feedly.com/k/15J1dy5 With PMIs picking up across Europe, the nations’ ‘leaders’ are spreading the good word that the worst is over (again) and its all sunshine and unicorns from here. But it’s not. As Cyprus’ Anastasiades glibly comments on small improvements in their capital controls – amidcollapsingdeposits, bluntly ignoring the reality of a recordimplosioninthenation’shomeprices, the facts for the man on the street … Seguir leyendo Cyprus Unemployment Surges 32% Year-Over-Year

UncollectedGreekTaxesRiseToRecord €60 Billion, OneThirdOfGreekGDP http://feedly.com/k/15IkBeM While Europe, and especially Germany has been understandably "displeased" with having to provide billions in bailout upon bailout funding to Greece every year starting in 2010, all the more so following recent news that Greece has already spentsome 75% ofitsbankbailoutcashwith no discernible improvement in its economy to show for it, Europes’ taxpayers will unlikely be any more pleased to learn … Seguir leyendo Uncollected Greek Taxes Rise To Record €60 Billion, One Third Of Greek GDP

40% OfUSWorkersNowEarnLessThan 1968 MinimumWage http://feedly.com/k/11IeJRV SubmittedbyMichaelSnyderviaTheEconomicCollapseblog, Are Americanworkerspaidenough? That is a topic that is endlessly debated all across this great land of ours. Unfortunately, what pretty much everyone can agree on is that American workers are not making as much as they used to after you account for inflation. Back in 1968, the minimum wage in the United States was $1.60 an hour. That sounds … Seguir leyendo 40% Of US Workers Now Earn Less Than 1968 Minimum Wage

AusterityClaimsVictoryinEurope http://feedly.com/k/1c63ycH Yves here. Even though Delusional Economics has moved into a guardedly positive stance on Europe, the “recovery” is halting enough in Europe that there are still quite a few analysts on the other side of the fence. Wolf Richter has an engagingly-written post on how unmitigatedlyawful conditions are in hotels and restaurants are in France. And Ambrose Evans-Pritchard was kind enough to ping … Seguir leyendo Austerity Claims Victory in Europe

El-ErianWarns "Don’t Be Fooled" ByEurope’sTranquility http://feedly.com/k/153kGWt AuthoredbyMohamed El-Erian, originallypostedatProjectSyndicate, AugustistraditionallyEurope’sholidaymonth, with many government officials taking several weeks off. In the process, important initiatives are put on hold until the “great return” at the beginning of September. This year, there is another reason why Europe has pressed the pause button for August. With a loomingelectioninGermany, fewwishtoundermineChancellorAngelaMerkel’slikelyvictory. After all, Germany is central to Europe’s well-being, and Merkel’s … Seguir leyendo El-Erian Warns “Don’t Be Fooled” By Europe’s Tranquility

ToendtheEurozone crisis, burythedebtforever http://feedly.com/k/1eoECc5 The Eurozone’s debt crisis is getting worse despite appearances to the contrary. How can we end it? This column presents five major options for reducing crisis countries’ debt. Looking into the details, it seems the only option that is both realistic and effective is for countries to default by selling monetised debt to the ECB. Moral hazard aside, burying the debt … Seguir leyendo To end the Eurozone crisis, bury the debt forever

Therupeenearall-time lowsagain as RBIconfusesthemarket; economicindicatorsdeterioratefurther http://feedly.com/k/153i8b6 India’s authorities are having a tough time clearly defining what they are willing to do in order to stem the rupee’s decline. Reuters: – Mixed signals from the Reserve Bank of India and the government over how to handle the fall in the rupee has contributed to its decline, investors say. The RBI has appeared at times to contradict … Seguir leyendo The rupee near all-time lows again as RBI confuses the market; economic indicators deteriorate further