The Rumblings Of War (thc0655)
There are other possibilities but looking at the two retaliatory options mentioned above, what could result? First, were China to come clean and “admit” they have 10,000 tons of gold (or MUCH MORE), the yuan would immediately strengthen and move into the dollar’s territory as a settlement currency. Markets would quickly do the math and understand if China has this much gold …where oh where did it come from? China could even do an audit publicly and count the bars out in the open surroundings of their Olympic stadium in a “we’ve shown you ours, now you show us yours” fashion!
In 2013, a report from the AFL-CIO found that CEOs of the biggest companies in the U.S. make on average 373 times the salary of a non-managerial employee. In 2012, CEOs’ pay rose 16 percent, compared with employees’ wages, which increased only 2.4 percent.
The rule will not officially go into effect until January 1, 2017 and the first ratios won’t have to be reported until 2018, so sit tight for another few years (and then a few centuries more) of extreme financial inequality.
The truth hurts… especially permabullish CNBC anchors. But when David Stockman explained why “the top is in,” and warned that the world is overdue for an “epochal deflation, like nothing it has ever seen,” one should listen. The “debt supernova” of the last decade or two has created massive over-capacity and this commodity deflation “is not temporary, it’s the end of the central bank bubble.” The catalyst has already happened -“It’s China,” Stockman exclaims, “China is the most lunatic pyramid of credit and speculation.. and capital is now fleeing the swaying towers of the China ponzi.”
The Chicago police department has maintained – even as the Guardian reported stories of people being shackled and held for hours or even days, all without legal access – that the warehouse is not a secret facility so much as an undercover police base operating in plain sight. “There are always records of anyone who is arrested by CPD, and this is no different at Homan Square,” the police asserted in a March statement.
Despite fluctuations in markets associated with the respective developments in China and Greece, long-term borrowing rates for most sovereigns and credit worthy private borrowers remain remarkably low.
Record 93,770,000 Americans Not In Labor Force (LesPhelps)
July’s labor force participation rate however remained the the same as June at 62.6 percent. Before last month the labor force participation rate had not been that low since October 1977, when the participation rate was 62.4 percent.
The BLS reports that the civilian labor force did experience a slight uptick from 157,037,000 in June to 157,106,000 in July after the month of June saw it drop by 432,000.
Whether less stringent rules in Eastern Canada are appropriate is a discussion people in Nova Scotia and Newfoundland should have with their offshore petroleum boards, he said. But he adds that provincial revenues may play a role.
“Both Nova Scotia and Newfoundland get significant resource revenue from the offshore,” Matthews says. “So maybe economics has to be taken more into account by the regulator.”
Pima cotton brought in $500 million last year, almost all of it grown in California, and generally commands at least twice the price of the more common variety, upland cotton. It was long the exception to the backdrop of the state’s overall cotton production, which has been declining for decades, hurt by recurring droughts that drain water levels and increasingly pesticide-resistant insects like the pink bollworm.
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