Green Shoots & Leaves
Institute For Energy Research – Two Energy Giants: A Contrast in Approach **Thanks to J.M. Heinrichs
Yahoo News – GM Canada will invest $235 million at its power train plant in St. Catharines, Ont., securing up to 400 jobs there as part of of the automaker’s plans for a new generation of V-8 engines that it says will be more fuel-efficient.
Zero Hedge – February Case-Shiller Home Price Unadjusted Index Tumbles As Home Price Deterioration Accelerates
Business Insider - A March survey from Pew shows just how broad the unemployment pain has been felt. When you hear of 10% unemployment, you might imagine 1/10th of Americans experiencing extreme financial stress from the recent recession. Yet given the unemployment rate’s odd methodology whereby it drops people who stop looking for work out of the data, and the fact that American households usually have more than one person, the real ‘pain’ number is 54%.
WND – Next bubble: $600 trillion?
Seeking Alpha – Is This ‘The Unrecovery’?
My Budget 360 – How much do average Americans make after the Great Recession? Examining the income of U.S. households. 65 percent of U.S. households live on $65,000 or less.
Christian Science Monitor – Iceland reports record 34 percent inflation
Financial Sense – Spinout at Government Motors
24/7 Wall St - In another sign that the sovereign debt problem in Europe could spread beyond Greece, S&P downgraded the debt of Portugal by two levels to A- from A+. Greece’s debt was simultaneously cut to “junk” on concerns that a bailout by the Eurozone and IMF would falter. The credit agency slashed its long- and short-term sovereign credit ratings on Greece to BB+ and B, respectively, from BBB+ and A-2.
Reuters – A Russian company is marketing a devastating new cruise missile system which can be hidden inside a shipping container, giving any merchant vessel the capability to wipe out an aircraft carrier.