By Ed Hoskins – Re-Blogged From WUWT
By Thomson Reuters – Re-Blogged From Newsmax
U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.
Nonfarm payrolls rose by 213,000 jobs last month, the Labor Department said on Friday. Data for April and May was revised to show 37,000 more jobs created than previously reported. The economy needs to create roughly 120,000 jobs per month to keep up with growth in the working-age population.
By Egon von Greyerz – Re-Blogged From King World News
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News there is no way out and this is why the global collapse will be devastating.
By Mac Slavo – Re-Blogged From Freedom Outpost
A European Union committee has just approved rules that could “destroy the internet as we know it.” The two new and controversial rules change the dynamics of the internet and introduce wide-ranging new changes to the way the web works.
For starters, the rules, known as Article 11 and Article 13 could be used to “ban memes.” Article 13 has been criticized by campaigners who claim that it could force internet companies to ban all memes. It requires that all websites check posts against a database of copyrighted work, and remove those that are flagged. The reason many believe this could lead to a meme ban is that memes often use images taken from films or TV shows and could be removed by websites under article 13. It’s just a convenient and propagandized way of making censorship sound better, though.
By Arkadiusz Sieron – Re-Blogged From http://www.Gold-Eagle.com
The recent growth acceleration in the EU could distract attention from problems of the common bloc. Fortunately, you can always count on Italy. Whenever you start thinking that only bright future is ahead of the union, the descendants of the proud Romans remind about themselves. Indeed, Italy focuses three major EU’s problems like in a lens. What are they and how could they affect the gold market?
First, populism. As you remember, Italians held general elections in March. As we reported then, the populist party founded by comedian Beppe Grillo won about one-third of the votes. Since then, the Five Star Movement and League, the two biggest parties in the new parliament, have been negotiating to form a new government. In May, they finally published a contract for their shared platform.
By John Rubino – Re-Blogged From Dollar Collapse
Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison misses at least two things: First, “Europe” is actually a lot of different countries in a lot of different situations. Second, much of what seems to work over there only does so because it’s being financed with ever-increasing amounts of debt.
For countries, as for individuals, borrowing money is fun at first but beyond a certain point becomes debilitating, as interest payments begin to crowd out everything else. That’s where a growing number of Europe’s failed states now find themselves, with overly-generous pensions and overly-restrictive labor laws making it virtually impossible to run a functioning market-based economy.
Re-Blogged From Stratfor
- Not all EU member states have enacted national laws on data protection, and many will have difficulty shouldering the costs of doing so.
- The second half of 2018 will provide early indicators of how much the European Union can influence large technology companies to address the privacy concerns of EU citizens.
- Uncertainty regarding the severity of national enforcement could influence the regional development of technology, especially in terms of small and medium-sized enterprises.