Uncooperative Radio Show Notes: Thursday 05/16/2013
Spain's economy is now as bad as Greece's
The unemployment rate in Spain recently hit an astounding 27.2 percent for the first quarter of 2013, which is the highest it's been in decades and higher than unemployment was in the United States during the Depression.
OECD's down beat on Italy
The Organisation for Economic Cooperation and Development has just delivered yet more bad news for Italy’s new prime minister.
It is now forecasting that the eurozone’s third largest economy will contract by more than expected this year.
UK joblessness up again
The latest unemployment totals from London underscored how weak Britain’s economy remains.The number of people without jobs continued to rise.
IMF board approves Cyprus bailout
The EUR1 billion IMF loan program is part of a EUR10 billion joint bailout with the European Union. Euro authorities have already approved the deal, paying out the first tranche earlier this week.
FDR Sowing the Seeds of Chaos
The long-lasting imprint from FDR’s famous “Hundred Days” did not stem from the bank holiday, national industrial recovery act, the farm adjustment act, the Tennessee Valley Authority, or the public works administration.