Straight talk on an American Pastime: OverPaying CEOs
More links on the crisis in Greece
And now comes the Greek private sector problems as savers transfer Euro 10.5bn (4.5% of total deposits) out of Greece
Ambrose Evans-Pritchard from the Telegraph does not mince words when he says Sovereign debt crisis at ‘boiling point’, warns Bank for International Settlements
Funnily enough in the BIS paper The future of public debt: prospects and implications Britain is shown to be in the worst shape, worse than even Greece and Italy.
Germany Faces Freight Train Shortage as Growth Picks up not because of a lack of freight locomotives and wagons but because the brake cylinders of mothballed locomotives and wagons have to be checked for rust before they can be put back into use.
There is also believed to be a shortage of 50 to 100 freight locomotives, and on one day last week a total of 180 freight trains were cancelled because there weren’t enough locomotives.
The slow recovery grinds on with as US State Tax Receipts Rebound
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