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

MonetaristsFailHistory, Time andAgain http://feedly.com/k/1310ydF Certain supporters of monetarism are telling me in the comments on my last post that the central bank can indeed directly control the broad money supply. Well, that was news to Milton Friedman as reported in a 2003 interview: “… prepare to be amazed: Milton Friedman has changed his mind. ‘The use of quantity of money as a target has not … Seguir leyendo Monetarists Fail History, Time and Again

MonetaristsFailHistory, Time andAgain http://feedly.com/k/1310ydF Certain supporters of monetarism are telling me in the comments on my last post that the central bank can indeed directly control the broad money supply. Well, that was news to Milton Friedman as reported in a 2003 interview: “… prepare to be amazed: Milton Friedman has changed his mind. ‘The use of quantity of money as a target has not … Seguir leyendo Monetarists Fail History, Time and Again

España: “Bruselas apoya bajar los salarios el 10% en España como pide el FMI” http://feedly.com/k/15LpO8f La propuesta del FMI, publicada la semana pasada, de disminuir los salarios en España en un 10% como medida de ayuda en la creación de empleo, ha encontrado un “aliado relevante”, seña El País. Se trata de Olli Rehn, el vicepresidente de la Comisión Europea y responsable de los Asuntos … Seguir leyendo España: “Bruselas apoya bajar los salarios el 10% en España como pide el FMI”

Portugal: “El paro comienza a bajar” http://feedly.com/k/1310drh Según los datos del Instituto Nacional de Estadística portugués, publicados este 7 de agosto, el paro en Portugal ha bajado en este segundo trimestre, pasando de 740.062 solicitantes de empleo en enero a 689.933 en junio. Se trata, señala el Jornal de Notícias, de la más importante bajada desde 2000. La tasa de paro no ha dejado de … Seguir leyendo Portugal: “El paro comienza a bajar”

Towards a radical new theoryof Anglo-Americanslavery, andvindicationoffreemarkets – Telegraph http://feedly.com/k/14kIkSl shared via http://feedly.com Seguir leyendo Towards a radical new theory of Anglo-American slavery, and vindication of free markets – Telegraph