Tuesday, October 15, 2013

Today's Headlines

  • Bodies Double as Cash Machines With U.S. Income Lagging: Economy. Hair, breast milk and eggs are doubling as automated teller machines for some cash-strapped Americans such as April Hare. Out of work for more than two years and facing eviction from her home, Hare recalled Louisa May Alcott’s 19th-century novel and took to her computer.
Wall Street Journal:
  • Health Law Stirs Lending Worries for Small Business. Small businesses are griping that the new U.S. health-care law is difficult to understand. Now some may have another complaint: If they don’t have a handle on the law’s cost and impact, they may have a harder time getting a loan.
Fox News:
  • White House, Dems preemptively blast House GOP budget plan before it's introduced.
    The White House and its Democratic allies in Congress moved to shoot down an emerging House Republican budget proposal before it even left the ground, blasting the late-breaking plan as a "partisan" product that would imperil efforts to meet the looming debt-ceiling deadline. Senate Democratic Leader Harry Reid turned a deaf ear, declaring categorically that it "won't pass the Senate."
Zero Hedge:
Mish's Global Economic Trend Analysis:
  • Bank of Italy examines loan books of top two banks - sources. The Bank of Italy is examining the loan books of the country's top lenders UniCredit and Intesa Sanpaolo, three banking sources said on Tuesday, in its push to tidy their balance sheets before next year's sector check-up by the European Central Bank (ECB).
Yonhap News:
  • N. Korea ready to make another nuke test anytime: S. Korean envoy. North Korea has "very serious nuclear capabilities" and it is able to conduct another round of nuclear tests "any time," South Korea's nuclear envoy said Tuesday. The communist country has restarted a nuclear reactor at its Yongbyon nuclear center, a provocative move that would provide Pyongyang with enough plutonium to build one atomic bomb a year, according to Seoul's spy agency.

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