After years of falling employment rates, the share of teens with jobs has been rising nationally... but California is seeing a decline in teen workers and an exodus of the teen workforce from the state.
"The most important question faced by the human race is almost never addressed in modern times: which should be the master, the state over the individual or the individual over the state? It is particularly relevant today, bearing in mind President Trump is demolishing the established order both domestically and within America’s wider sphere of influence. "
Italian journalist Stefania Maurizi has worked with WikiLeaks for nine years on the Podesta emails and other revelations.Here’s an insider’s view of the publisher that has incensed rulers around the world, desperate to hide their corruption...
"While everyone is debating the effects of possible trade sanctions on the global economy, few are paying attention to a far more serious issue. Enormous global debt, combined with low-interest rates, have set the stage for a global recession that has the potential for economic chaos."
"It’s not a happy start to the second half. Trade war concerns, U.S. sanctions, Trump’s rants and political problems in Europe, as well as worries about slowing emerging-market growth are all playing their part." - Saxo's Ole Hansen.
"Uncle Sam has made too many promises to too many people, with little regard for its future ability to fulfill them. These are debt. Worse, some of them are additional debt on top of the obligations we already see on the national balance sheet...Even worse, entire generations have planned their retirement lives around the government fulfilling those promises."
Switzerland is still the prime destination for offshore wealth worldwide. However, the biggest growth was recorded in Hong Kong and Singapore due to their proximity to the wealth created in Mainland China.
Markets appear willing to put yetserday's risk reversal behind as they close out the week, with futures rising to 12 points to 2,765 and just shy of session highs, while the Dow finally appears poised to end its losing streak.