Road to Depression

Goldman Sachs warns too much debt threatens world economy!

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NEW YORK (PNN) - May 29, 2015 - The debt burden - particularly in “developed” countries - along with aging populations, pose a risk to the economies of those countries, Goldman Sachs has warned. Andrew Wilson, Goldman Sachs Asset Management’s chief executive in Europe said, “There is too much debt and this represents a risk to economies. Consequently, there is a clear need to generate growth to work that debt off but, as demographics change, new ways of thinking at a policy level are required to do this.”

Spain unemployment rate increases to 23.7%!

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MADRID, Spain (PNN) - April 23, 2015 - The economic recovery in Spain has gone from jobless to job loss. Spain shed 114,300 jobs in the first quarter of 2015.

In the first three months of the year, the economy shed 114,300 jobs. The result has been a slight increase in the unemployment rate from 23.7% to 23.78%, according to the Labor Force Survey (EPA) published by the National Employment Institute.

McDonald’s closing hundreds of restaurants as sales slide!

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NEW YORK (PNN) - April 23, 2015 - McDonald’s plans to unwrap a plan next month that it says will help turn around sales declines around the world.

CEO Steve Easterbrook, who stepped into the role just last month, said Wednesday the company will share “initial details” of the plan May 4.

Amerikans not in labor force exceed 93 million for first time!

on .

Participation matches 37-year low.

WASHINGTON (PNN) - April 3, 2015 - The number of Amerikans 16 years and older who did not participate in the labor force - meaning they neither had a job nor actively sought one in the last four weeks - rose from 92,898,000 in February to 93,175,000 in March, according to data released today by the Bureau of Labor Statistics.

Eulogies

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DAVID BOWIE
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GENE WILDER
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Charles Weisman
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ART BELL
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HARLAN ELLISON
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SEAN CONNERY
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