I wonder if they’ll do it by text. Here’s the article, taken from the Guardian. *Update: News from Reuters is that the figure may be closer to 6 million. http://qz.com/630094/chinas-massive-state-company-layoffs-could-triple-to-6-million-people/ China slowdown China expects to lay off 1.8 million workers in the coal and steel industries, or about 15% of the workforce, as part of […]
New Zealand has one of the biggest dairy industries in the world. Not just for fresh products, such as milk and cheese, but also processed foods such a baby powdered milk. The industry does have a dark side. Every year, each cattle must calf. This keeps them lactating. Once the calf is born, it begins […]
This stat has been bandied about in the absence of any believable figures from the government for some time… Property Pear Since China’s property bubble went pear-shaped and threatened to pop, figures having been fighting a turning tide of debt fueled domestic demand, and generally flat export and rising wages. June’s black-Monday on the Shanghai […]
If you ever thought moving to another planet was a good idea, here’s a reason why. TPP is being negotiated in secret by governments of the above countries. None of the residents of these countries can read the bill, yet they are all effected. The main bones of contention ISDS, investor-state dispute settlement; Provides exceptional […]
China is strengthening it’s bullion reserves to present its currency as an alternative to the US dollar. Considering the debt ratio’s and relative leveraging of the currency, this is something that must have the Americans worried. Article The title is of course a little misleading because China has many options, none of which except one […]
The surging stock markets in both mainland China and Hong Kong in recent weeks have drawn plenty of people to suggest that, when something rises so fast, it can only end badly. If the sheer volume of eager traders is anything to go by, Chinese stocks are unlikely to return to normality any time soon. Last […]
Not managed to get this on mainstream media. The US Govt. has instituted Martial Law to pass a bill unread through Congress in less than the required 24 hour minimum reading period?!? US recalling troops Reading on the US websites and watching Utube today, I was shocked with the depth of divide between Wall St. […]
Just one thought about the Henry Paulson ‘TARP’ plan. That the plan has yet to be fleshed out, it assumes mortgages will fail… Can’t those consumers who believe themselves to be ‘sub-prime’, those fallen 3 months behind with payments, already threatened with foreclosure… just take this as a carte blanche not to pay? Can’t those […]
A toxic dumping ground for bad debt. Banks offload their debts for taxpayers to pick up the tab. As the FED has borrowed close to 1 Trillion (900 Billion) to directly the markets. They’re setting up a root and branch analysis addressing the root problem, Bad Debt. In this new plan being mulled over by […]
The financial markets witness the largest series of events this century and the Wall Street Stock exchange rallies. This is truly a miracle… FTSE 100 Index -178.60 -3.43% AEX Amsterdam Index -13.84 -3.59% DAX Index -98.99 -1.63% CAC 40 Index -81.57 -1.96% Nikkei -605.04 -4.95% Hang Seng -1,052.29 -5.44% Shanghai Composite -93.04 -4.47% Dow Jones […]