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Sunday, June 3, 2012
Iran threatens to target U.S. bases if attacked
http://uk.reuters.com/article/2012/06/02/uk-iran-usa-missiles-idUKBRE85106G20120602
Iran has warned the United States not to resort to military action against it, saying U.S. bases in the region were vulnerable to the Islamic Republic's missiles, state media reported on Saturday.
Iran has warned the United States not to resort to military action against it, saying U.S. bases in the region were vulnerable to the Islamic Republic's missiles, state media reported on Saturday.
Toyota, Honda May Sales Gain as Industry Trails Estimates
http://www.bloomberg.com/news/2012-06-01/chrysler-vehicle-sales-rise-30-in-may-miss-estimates.html
Toyota Motor Corp. (7203) and Honda (7267) Motor Co. led five of the six largest automakers in reporting U.S. sales gains in May that trailed estimates as slumping job growth limited their rebound from last year’s earthquake and tsunami.
Toyota deliveries last month surged 87 percent to 202,973 and Honda sales climbed 48 percent to 133,997, according to company statements. The Japan-based automakers, rebounding from the natural disasters that curtailed production and slashed inventories, missed analysts’ estimates for gains of 93 percent and 53 percent, respectively. General Motors Co. (GM), Chrysler Group LLC and Nissan Motor Co. sales also trailed estimates.
Toyota Motor Corp. (7203) and Honda (7267) Motor Co. led five of the six largest automakers in reporting U.S. sales gains in May that trailed estimates as slumping job growth limited their rebound from last year’s earthquake and tsunami.
Toyota deliveries last month surged 87 percent to 202,973 and Honda sales climbed 48 percent to 133,997, according to company statements. The Japan-based automakers, rebounding from the natural disasters that curtailed production and slashed inventories, missed analysts’ estimates for gains of 93 percent and 53 percent, respectively. General Motors Co. (GM), Chrysler Group LLC and Nissan Motor Co. sales also trailed estimates.
The next great depression? (by: Joe Scarborough)
http://www.politico.com/blogs/joe-scarborough/2012/06/the-next-great-depression-125092.html
If the world slides into a global depression over the next year, consider yourself forewarned by the Wall Street Journal. Yesterday's edition was packed with so many grim headlines that one could be forgiven for believing that we could be seeing cash-filled wheelbarrows by the end of the summer.
In what could have been called the Black Friday issue, the Journal reported on:
- an Asian slowdown brought on by European woes
- India's economy sputtering to a nine-year low
- a continued economic slowdown in China
- weakness coming out of South Korea and Australia
- a growing banking crisis in Spain
- a deepening of Greece's economic collapse
- increased economic problems across Africa
- the desperate plea of European bankers for a unified rescue fund
Yet another WSJ story reported that President Obama was aggressively weighing in on the European debt crisis, urging EU leaders to make tough choices to prevent the kind of crisis that propelled him into the White House four years ago. The Journal wrote of a growing concern in the White House that a similar crisis could be responsible for his defeat four years after the September 15th meltdown.
Adding to the grimness of Friday's morning edition was a jobs report that landed on Wall Street with a thud at 8:30 a.m.. Yesterday's depressing jobs report was terrible news for the president and the millions of Americans who are still struggling to find a job.
The economic data released this week was not much better for some of the U.S.'s top employers.
The screaming headline "Business Braces for Europe's Worst" was splashed across the top of the Journal's Marketplace section. Companies like McDonald's, Carnival and Goodrich are sure to see their earnings hit hard by a sagging European economy.
That is bad news for U.S. workers and for a president who has five months left to prove that his policies have reversed an economic slide that he inherited in 2008. Chicago's argument keeps getting tougher to make every month, with the backdrop of an economy that seems to be growing weaker by the day.
If the world slides into a global depression over the next year, consider yourself forewarned by the Wall Street Journal. Yesterday's edition was packed with so many grim headlines that one could be forgiven for believing that we could be seeing cash-filled wheelbarrows by the end of the summer.
In what could have been called the Black Friday issue, the Journal reported on:
- an Asian slowdown brought on by European woes
- India's economy sputtering to a nine-year low
- a continued economic slowdown in China
- weakness coming out of South Korea and Australia
- a growing banking crisis in Spain
- a deepening of Greece's economic collapse
- increased economic problems across Africa
- the desperate plea of European bankers for a unified rescue fund
Yet another WSJ story reported that President Obama was aggressively weighing in on the European debt crisis, urging EU leaders to make tough choices to prevent the kind of crisis that propelled him into the White House four years ago. The Journal wrote of a growing concern in the White House that a similar crisis could be responsible for his defeat four years after the September 15th meltdown.
Adding to the grimness of Friday's morning edition was a jobs report that landed on Wall Street with a thud at 8:30 a.m.. Yesterday's depressing jobs report was terrible news for the president and the millions of Americans who are still struggling to find a job.
The economic data released this week was not much better for some of the U.S.'s top employers.
The screaming headline "Business Braces for Europe's Worst" was splashed across the top of the Journal's Marketplace section. Companies like McDonald's, Carnival and Goodrich are sure to see their earnings hit hard by a sagging European economy.
That is bad news for U.S. workers and for a president who has five months left to prove that his policies have reversed an economic slide that he inherited in 2008. Chicago's argument keeps getting tougher to make every month, with the backdrop of an economy that seems to be growing weaker by the day.
FL Defies Federal Warning To Halt Voter Purge
http://www.huffingtonpost.com/2012/06/02/florida-voter-purge-federal-warning_n_1564131.html
20130601 Florida Letter
Florida will defy a federal warning to stop purging people the state suspects aren't U.S. citizens from voter registration rolls.
Despite a Justice Department letter, objections from county elections officials and evidence that a disproportionate number are voters of color, Florida Secretary of State Ken Detzner's office planned to continue scrubbing the election rolls, a spokesman said Friday. Gov. Rick Scott (R) ordered the search for potentially ineligible voters.
20130601 Florida Letter
Florida will defy a federal warning to stop purging people the state suspects aren't U.S. citizens from voter registration rolls.
Despite a Justice Department letter, objections from county elections officials and evidence that a disproportionate number are voters of color, Florida Secretary of State Ken Detzner's office planned to continue scrubbing the election rolls, a spokesman said Friday. Gov. Rick Scott (R) ordered the search for potentially ineligible voters.
Mexican youth protest in streets against corporate media and PRI candidate
http://www.washingtonpost.com/world/the_americas/mexican-youth-vote-on-the-streets-against-corporate-media/2012/05/31/gJQAngWs3U_story.html
Compared with historic, brutal, high-stakes presidential elections here in the past, this has been an important but blah campaign season in Mexico. But recent protests by college students and other young people have added a spark.
Members of the under-25 demographic are calling out the country’s duopolistic media companies and politically cozy broadcasters as propaganda masters and kingmakers — while warning that the front-running candidate, the telegenic Enrique Peña Nieto, is an empty suit.
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