CNBC | Greece Going Broke as Tax Proceeds Dry Up
CNBC | Greece Going Broke as Tax Proceeds Dry Up Posted on June 09 2012 – 7:00 AM – Posted by: Doug Brady As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money. Nikos Lekkas, a government official, said banks had hindered his efforts to collect back taxes. Government coffers could be empty as soon as July, shortly after this month’s pivotal…
Read more...UK Telegraph | Insanity: New French President Cuts Retirement Age to 60
UK Telegraph | Insanity: New French President Cuts Retirement Age to 60 Posted on June 09 2012 – 8:30 AM – Posted by: Doug Brady France’s new socialist government cut the country’s retirement age in the face of the eurozone’s deepening crisis, citing “social justice” to explain a move that goes against austerity efforts across the region. Workers who entered employment aged 18 will be able to retire at 60…
Read more...Charles Hurt | The only thing worse than the economy is Obama talking about it
Charles Hurt | The only thing worse than the economy is Obama talking about it Posted on June 09 2012 – 10:00 AM – Posted by: Doug Brady If you are wondering why President Obama and his supporters spend so much time in this election condescending to female voters, jabbering about gay marriage and contraception, or whether Mr. Obama really was born in Kenya, it is because they simply cannot…
Read more...IBD | The Lowlights Of Obamanomics
IBD | The Lowlights Of Obamanomics Posted on June 08 2012 – 7:00 PM – Posted by: Doug Brady The Obama Record: May’s weak jobs report further confirms the president’s policies are failing to help the economy. This is, indeed, the worst recovery since the Depression. Negative superlatives associated with this presidency keep piling up. The toll so far: • The share of Americans who’ve been out of work a…
Read more...James Pethokoukis | CBO: Massive rise in debt crashes economic forecasting model in 2035
James Pethokoukis | CBO: Massive rise in debt crashes economic forecasting model in 2035 Posted on June 08 2012 – 8:30 PM – Posted by: Doug Brady A stunner from the Congressional Budget Office in its new long-term budget forecast. When the government budget scorekeepers took into account the worst-case scenario impact of debt on the U.S. economy, its economic forecasting model, well, broke: Under the assumptions leading to the…
Read more...Sam Laird | Facebook Will Disappear by 2020, Says Analyst
Sam Laird | Facebook Will Disappear by 2020, Says Analyst Posted on June 08 2012 – 10:00 PM – Posted by: Doug Brady Facebook‘s sliding stock price has at least one hedge fund manager predicting a dismal decade ahead for the social network. “In five to eight years they are going to disappear in the way that Yahoo has disappeared,” Ironfire Capital founder Eric Jackson told the CNBC show Squawk…
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