If Nicholas Sarkozy won the last presidential election instead of Francois Hollande, there would be no investigation. Is Lagarde guilty of anything?
I do not support a VAT, but as long as we are going to have taxes at all (and we are), then we need to make them as fair as possible. A broad-based consumption tax on everything but food and medicine would do exactly that.
Economy minister Arnaud Montebourg stepped over the line last weekend criticizing the policies of president Francois Hollande. Some sources report that prime minister Manuel Valls gave Hollande a "him or me" ultimatum, but Valls disputes that claim.
Central banks are generally clueless about the state of the economy. This has been proven time and time again.
As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of the population in 2012 to about 40% in 2014.
As noted in German Two-Year Bonds Have Negative Yield, Demand High; Euro Bond Bubble Guaranteed to Burst, " Banks lend (provided they are not capital impaired), when credit-worthy borrowers want credit and banks perceive risks worth lending."
The "recovery" news in Spain keeps piling up. Via translation from El Economista, Government has already taken 37% of the total 'pensions piggy bank'. If extractions continue at the current rate, the fund would be exhausted in 4 years.
Turnout in some Los Angeles elections is so low that LA Considers Giving Citizens Lottery Tickets if they Vote.
Congratulations go to Forbes columnist John Tamny and editor of Real Clear Markets for producing the "Idiot's Guide to Austrian Economics'. Ironically, that is not exactly what Tamny set out to do.
Given the huge numbers of people employed in food industries, especially fast food, a growth area for food robotics seems relatively easy to spot.
The biggest winners are states involved in energy production, finance, or healthcare. The biggest losers are states that did not recover from the real estate bust, or lost population due to emigration.
You can make $15 an hour at McDonald's, at least in Seattle. You just have to perform better than this machine.
Not only is support for sanctions in Europe crumbling, so is support for alleged austerity. I say alleged because there really hasn't been any austerity.
The recovery in Europe, not that there was ever much of one, is now over. As expected in this corner, Germany Contracts and France Stagnates in Second Quarter.
In response to New Yuan Loans and Shadow Banking Collapse in China; Record Bank Deposit Slump reader "CF" from Hong Kong who works in China explains how he is pulling every cent he can out of renminbi (yuan) , converting instead to Hong Kong dollars.
Supply of homes at the bottom-third of the market is down 17 percent from a year ago. Meanwhile the top-third home supply is up 15 percent while the middle is up a modest 3 percent according to Redfin.
Kurdish territory in Iraq is the only pro-American territory left. Yet the US worries it will splinter off into Kuridistan. Apparently it's better to have a raging civil war as long as the country stays together in one theoretical piece.
According to Hillary (and senator McCain) things would have turned out better if only we trained more rebels and gave them more military equipment as well.
Citing parallels to WWI, author Gabor Steingart, publisher of Handelsblatt, Germany’s leading financial newspaper, blasts the Western response (especially US and German) response to the situation in Ukraine.
If someone of retirement age wants a job and needs a job and needs income, but does not have a job, the choice (after unemployment benefits expire) is to retire.
Today, at 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for August 28th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 27th, 2014 | John Ransom
In Other News: Rare Sighting of the Elusive President Obama in His Natural Habitat, the Golf Course | Michael Schaus
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 25th, 2014 | John Ransom
In Other News: Law "Enforcer" Eric Holder Understands People's Mistrust of Law Enforcement | Michael Schaus