Mirim’s second Kim Il-sung Square
UPDATE 1: By coincidence NK Leadership Watch and I posted on a similar topic today. See his post and analysis here. ORIGINAL POST: Today the Daily NK reported that preparations were underway for another KPA military parade: A high level government official revealed today, “North Korea has been mobilizing military personnel and equipment to practice for [...]
Read MoreMirim’s second Kim Il-sung Square
UPDATE 1: By coincidence NK Leadership Watch and I posted on a similar topic today. See his post and analysis here. ORIGINAL POST: Today the Daily NK reported that preparations were underway for another KPA military parade: A high level government official revealed today, “North Korea has been mobilizing military personnel and equipment to practice for [...]
Read MoreBloomberg, on Losing End of Austerity Debate, Continues Fight
Imagine George Foreman got up off the floor after being counted out in his fight with Muhammad Ali and started taking wild swings at the champ. This is what Mark Whitehouse, a member of Bloomberg View editorial board, effectively did in a column yesterday. In response to a Paul Krugman column pointing out that the [...]
Read MoreEuro Area Unemployment Rate Up 0.2 Percentage Points to 10.4%; 8th Consecutive Monthly Rise; Further Deterioration Coming; Country-by-Country Comparison; Expect Germany to Turn for the Worse
Courtesy of a Barclays Capital email here are the latest unemployment numbers in Europe. Euro Area: +0.2 to 10.4% based on slight upward revisions in November, September, August. This was the 8th consecutive rise. Austria 4.1% unchanged Belgium: 7.2% unchanged Finland 7.6% unchanged France 9.9% +0.1 Germany: 5.5% -.1 Italy 8.9% +0.1 Ireland 14.5% +0.1 [...]
Read MoreCNBC’s Best Alternative Financial Websites; Strategist News’ Best Business Blogs 2011; Business Blogs vs. Financial Blogs
Best Business Blogs 2011 Strategist News presents the Best Business Blogs 2011 This is our third year publishing this ranking. The business blogs field is getting more competitive than ever! Seth Godin continues to dominate the business blogosphere, while Guy Kawasaki and Robert Scoble still rule. This year we made a major change to our [...]
Read MorePrivatizing of Gains and Socializing of Losses; You Want the News? From Where?
I am a fan of Michael Hudson. I was pleasantly surprised to see him on Capital Accounts with Lauren Lyster a few days ago. Capital Account is produced by RT. That stands for Russia Today. I have numerous emails criticizing me for being on “Russia TV“. Let’s take a look at what Wikepedia says about [...]
Read MoreRick Scott Promises to Make Florida Do Worse Than the Nation In Job Growth
That should have been the headline to the NYT story on Florida governor Rick Scott, if they got their facts right. While it is common for politicians to make big promises and not come through, the NYT reports that Rick Scott is not expecting to even get Florida back to its pre-recession level of employment [...]
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