Job Cuts Soar To Highest Since September 2011 After Mass Army Terminations, Highest YTD Layoffs Since 2009Submitted by Tyler Durden on 08/06/2015 08:08 -0400
While we await for the BLS to report another seasonally adjusted Initial Claims report which will be near multi-decade lows, a far more disturbing report was released moments ago by outplacement consultancy Challenger Gray, which has done a far better job of compiling true layoff data, and which reported that in July there was a whopping 105,696, up 136% from the 44,842 job cuts in June, and the highest in nearly four years, or since September 2011, which the last time there were more than more than 100,000 layoffs.
- Gold Plunges to Lowest Since 2010 (BBG)
- In Greek crisis, one big unhappy EU family (Reuters)
- Greek Banks Reopen Their Doors (WSJ)
- Greek reshuffle hints at autumn election (FT)
- Angela Merkel signals conditions for Greek debt talks (FT)
- Dollar hits three-month high on rate view, pans gold (Reuters)
- History Shows Iran Could Surprise the Oil Market (BBG)
- ‘Charlie Hebdo’ Will Cease Publishing Cartoons of Prophet Muhammad (Newsweek)
How Accredited Investors Can Beat The Institutions In Monetizing The Unfolding, Misunderstood Paradigm Shift In FinTechSubmitted by Reggie Middleton on 06/12/2015 11:50 -0400
Step by step instructions on how to make money the old fashioned way in a new fangled technology world!
In the last days of the Second World War American troops uncovered a large stash of gold, silver and paper currencies at the post office of a small town in eastern Germany called Plauen. Documents show that the stash was directly linked to SS chief Heinrich Himmler.
The revelation that the FBI assisted the Baltimore Police Department in monitoring April's violent protests prompted a wider investigation by The Associated Press. "The FBI is operating a small air force with scores of low-flying planes across the country carrying video and, at times, cellphone surveillance technology — all hidden behind fictitious companies that are fronts for the government," AP reports.
Can you imagine, say, Steve Jobs allocating 30% of Apple's profits - - forever - - to a given charitable cause?
Moments ago, in an embarrassing setback for the president, Senate Democrats in a 52-45 vote - short of the required 60 supporters - blocked a bill that would give President Barack Obama fast-track authority to expedite trade agreements through Congress, a major defeat for the president and his allies who "say the measure is necessary to complete a 12-nation Pacific trade deal that is a centerpiece of the administration’s economic agenda." But don't count it out yet: the WSJ cites Mitch McConnell who told reporters shortly before the vote, which he expected to lose, that “This issue’s not over" adding that "I’m hopeful we’ll put this in the win column for the country sometime soon.”
This will make every American feel much better about handing over that check today... as Simon Black notes today "I believe we have an obligation to starve the beast..."
Next week is all about the Fed, and the positioning or should I say De-Positioning will be taking place right up until the last minute of this all-important Fed Meeting.
In order to preserve the western narrative that the violent Ukraine coup was not one staged, massive, and very deadly false flag event, protest organisers have always denied any involvement. Which is why stories such as the one we wrote in March, which revealed that "Behind The Kiev Snipers It Was Somebody From The New Coalition" - A Stunning New Leak Released" got precisely zero traction in the western press. But now, for the first time, one man has spoken up and told the BBC a different story.
- Alexis Tsipras: the Syriza leader about to take charge in Greece (Guardian)
- Tsipras to form anti-bailout Greek government after big victory (Reuters)
- Tsipras Forges Anti-Austerity Coalition in EU Challenge (BBG)
- East Coast braces, flights canceled as 'historic' blizzard bears down (Reuters)
- Rebels press Ukraine offensive, Obama promises steps against Russian-backed 'aggression (Reuters)
- Syriza Victory Brings Hope for Immigrants of EU Access (BBG)
- For Saudis, Falling Demand for Oil Is the Biggest Concern (BBG)
- Oil prices fall on market relief over Saudi policy (Reuters)
Just a flashing headline for now from Bloomberg citing AFP:
HOSTAGES TAKEN IN POST OFFICE IN PARIS SUBURB, POLICE SAY: AFP
Three people have been taken hostage by an unknown gunman at a post office in Colombes, a northwest suburb of Paris, French media reported. The gunman is armed with a Kalashnikov rifle, French RTL radio reports. He is holding from two to five people hostage, Le Figaro reports, citing police sources.
Every year, David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. "I have not seen a year in which so many risks - some truly existential - piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. It feels like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows..."