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    Daily Digest 11/4 – Inflation Eases Worldwide, Health Care Costs Plague Small Businesses

    by saxplayer00o1

    Wednesday, November 4, 2015, 2:34 PM

Economy

BofA Sees Saudi Rating Risks Another S&P Cut Amid Oil Slump

The slump in oil prices by more than 40 percent over the last year is slowing growth in the kingdom’s non-oil economy and pushing the government to search for savings, contemplate project delays and sell bonds for the first time since 2007. The Emirates NBD Purchasing Managers’ Index for Saudi Arabia, a measure of growth in the non-oil economy, fell in October to its lowest level in six years, driven by weaker expansion in new business.

CPS Faces Possible Teachers Strike, Massive Layoffs This Winter (Chicago)

Now they want their help for a harebrained scheme that is not a long-term fix. We need a structural fix,” Lewis said, adding that the massive restructuring plan in the second semester could affect as many as 300,000 students and 5,000 teachers.

Obamacare prices increase for those who don't get subsidies

Average prices of the so-called bronze plans on the HealthCare.gov marketplace are rising 11 percent for nonsubsidized customers over 2015 prices. Average deductibles for individuals are increasing by the same percentage, to $5,731, according to a study by HealthPocket.com, an insurance comparison site.

Health Care Costs Plague Small Businesses, Survey Says

“A lot of them are really kind of struggling with how much longer can we continue to do this if we keep seeing the cost increases," said Karl Weiss, president of Market Perceptions & HealthCare Research, which did the research for Delta Dental of Colorado.

Winter could get tougher: Illinois budget impasse threatens road salt supplies

“The lack of pay-over puts us in an extreme predicament this winter and for the next year as to how we’re going to fund projects and how we’re going to do basic maintenance functions like plowing and patching,” said Freeport Mayor Jim Gitz.

Illinois Lottery ticket sales slowed by budget crisis, businesses say

"About 30-40 percent of our lottery sales is not even existent anymore," said Sid Hammad, owner of South Loop Market.

IRS report: 1 resident, $50,000 left IL in 2013 every 7 minutes

More and more people are moving out of Illinois and it’s leaving quite the financial burden for the state. According to an Internal Revenue Service report, Illinois lost 81,000 people and $4.1 billion of annual taxable income in 2013.

Debt Collectors Can Make Robocalls Those Who Owe Student Loans

It’s Washington, DC’s version of ‘the fine print’: A provision tucked into the bipartisan budget bill signed yesterday by President Obama gives new power to debt collectors. Their target? People who owe federal student loans.

Draghi Passes ECB Halfway Mark Still Missing Inflation Goal

Yet despite record-low interest rates, long-term loans to banks and a 1.1 trillion-euro ($1.2 trillion) asset-purchase plan, he hasn’t succeeded in returning inflation to the goal. Now, faced with a fragile recovery at risk from weaker global trade, a euro that may be too strong for the economy and the risk of a slump in energy prices, he’s holding out the prospect of another round of monetary easing in December.

South Korea's manufacturing sector logs first ever negative growth

A warning light is flashing for South Korea’s manufacturing sector, a major pillar propping up the country’s economy. The manufacturing sector saw sales fall last year, logging its first ever negative growth.

Hungary cenbank to extend cheap loans scheme into 2016 -paper

Hungary's central bank will provide an extra 600 billion forints ($2.11 billion) of funding for a cheap loans programme aimed at boosting economic growth, extending the scheme into 2016, a newspaper said on Tuesday.

CEOs wary of economic conditions worldwide: Survey

Chief executive officers are less confident about economic conditions in every major region across the globe, according to a quarterly survey of top business executives.

Inflation eases worldwide in September: OECD

Global inflation rates declined in September, sliding further below desired levels despite a wave of stimulus being provided by some leading central banks, which are now considering fresh measures.

Brazil GDP seen contracting 3.05% in 2015: survey

The forecast marked the 16th straight downward revision in the weekly survey of economists. For next year, economists expect GDP to contract 1.51% compared with a previous forecast of 1.43%.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/3/15

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

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7 Comments

  • Wed, Nov 04, 2015 - 4:50pm

    #1

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2933

    European Stock Rally Continues as Draghi Reiterates Ready to Act

    European Stock Rally Continues as Draghi Reiterates Ready to Act

    Bloomberg5 hours ago
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    That Recession in U.S. Industrial Economy? Stocks Show It, Too

    Bloomberg – ‎11 hours ago‎
    A group of industrial stocks is posting its biggest declines since 2008, a sign that investors agree with a Fastenal Co. executive who said parts of the U.S. economy are in a recession. A Standard & Poor's 500 index that includes Fastenal, WW Grainger

    Hungary central bank eyes new unconventional tools

    MarketWatch7 hours ago
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    Japan PM calls for steps to achieve a $5 trillion economy

    Reuters4 hours ago
    The four private-sector members of the 11-member Council on Economic and Fiscal Policy reckon that Japan needs a potential growth rate of around 2 percent …

    Brazil, Desperate for Cash, Plans Ranking of Corporate Debtors

    Bloomberg19 minutes ago
    trillion reais ($400 billion), mostly in unpaid taxes that are being questioned in courts, according to Luiz Roberto Beggiora, the manager for active debt at the …

    China's Latest Bond Scare Burns Holdouts as Default Risks Spread

    Bloomberg5 hours ago
    The company tried reducing its debt load as coal prices slumped 21 percent this … Total debt stood at 7.1 billion yuan versus 8.5 billion yuan over that period.

     

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  • Wed, Nov 04, 2015 - 6:43pm

    #2

    Chris Martenson

    Status Platinum Member (Offline)

    Joined: Jun 07 2007

    Posts: 4504

    Yeah, right(!)

    As cynical as I am, I cannot keep up.

    Here’s the story:

    Satellite Shows Heat Flash When Russian Metrojet Plane Crashed, But No Missile: U.S. Officials

    Nov 3, 2015

    While many have speculated that a missile may have struck a Russian commercial airliner that went down over Egypt's Sinai peninsula, U.S. officials are now saying satellite imagery doesn't back up that theory.

    A senior defense official told NBC News late Monday that an American infrared satellite detected a heat flash at the same time and in the same vicinity over the Sinai where the Russian passenger plane crashed.

    According to the official, U.S. intelligence analysts believe it could have been some kind of explosion on the aircraft itself, either a fuel tank or a bomb, but that there's no indication that a surface-to-air missile brought the plane down.

    My problem with this is that the MH-17 shoot down over the Ukraine, on a clear day, with the entire eyes of the US and NATO military hotly on it somehow did not manage to secure a single satellite image showing either the missile or its trajectory despite that fact that the US is known to have such tracking satellites located all over the globe.

    But now, over the vastly less interesting Sinai peninsula, the US managed to see the heat flash from the explosion but no signs of a missile. My problem is not with that report; it is correct.

    My problem is with the US never releasing any such imagery from Ukraine’s MH-17 slaughter despite everybody knowing that the US has to have said images and data.

    Why was it not released?

    The only answer that makes sense to me is that the data/images did not fit the preferred conclusion that it was either Russia or Russian-backed rebels that did it.

    The most likely culprits then are:

    1) Incompetent and possibly drunk Ukrainian soldiers firing by accident, or what passes for an accident in a poorly trained military known for doing knuckle-headed things.

    2) It was a false-flag attack carried out on purpose either by Ukrainian secret service members and/or western contracted mercenaries or agents.

    Neither of those outcomes remotely fit the script that NATO and Washington wanted to run with, so the US satellite imagery was never released. But we know they have to have it and the prompt read-out of the Sinai plane disaster means the US will have to come up with a very good reason for why it is refusing to release it.  I mean besides "sensitive sources and methods" and all that…good grief everybody already knows those satellites are there and what they can see.

     

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  • Thu, Nov 05, 2015 - 3:51am

    #3
    pat the rat

    pat the rat

    Status Member (Offline)

    Joined: Nov 01 2011

    Posts: 108

    jet

    No fire at the crash site ,no bomb seen either,looks like it just ran of gas from the engine damage.Maybe we are looking at a lie in Egypt.

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  • Thu, Nov 05, 2015 - 4:13am

    Reply to #3

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Meh...

    [quote=pat the rat]

    No fire at the crash site ,no bomb seen either,looks like it just ran of gas from the engine damage.Maybe we are looking at a lie in Egypt.

    [/quote]

    If so, add it to "the pile".

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  • Thu, Nov 05, 2015 - 10:04am

    #4

    Bankers Slave

    Status Silver Member (Offline)

    Joined: Jul 26 2012

    Posts: 513

    More evidence that banksters are running the show!

    BEHIND YOUR BACK: Refugee scares, universal biometric id, cashless societies & other stories

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  • Thu, Nov 05, 2015 - 12:50pm

    Reply to #4

    KugsCheese

    Status Gold Member (Offline)

    Joined: Jan 01 2010

    Posts: 821

    Bankers Slave

    [quote=Bankers Slave]

    BEHIND YOUR BACK: Refugee scares, universal biometric id, cashless societies & other stories

    [/quote]

    From Wikipedia: "In 1938 the Nazis instituted obligation of identity cards for men of military age and Jews (who had a 'J' marked on their card). [2] Shortly after the start of the war, this was extended to apply to all citizens over the age of 15."  

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  • Thu, Nov 05, 2015 - 4:27pm

    #5

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2933

    Yellen Doesn't Rule Out Negative Interest Rates in the Future

    Yellen Doesn't Rule Out Negative Interest Rates in the Future

    Wall Street Journal20 hours ago
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    Draghi: ECB will consider how to step up stimulus program

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    Ontario's deficit target at 'significant risk,' budget watchdog warns

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    U.S. News & World Report – ‎Nov 4, 2015‎
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    Health Co-Ops' Failures Spur Finger-Pointing

    Wall Street Journal – ‎18 hours ago‎
    The Omaha, Neb., metal-fabricating company is one of thousands of small firms that relied on untested health-care cooperatives, which were intended to lower costs for consumers under the health law by giving established insurers more competition. But

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