Wednesday, September 16, 2015

news bits mid September 2015

Migrants and refugees are still stuck in Hungary and elsewhere in Europe looking for a way to continue and survive.

Civil war in Yemen continues.
Of course war continues in Syria.
______________________________________________________________ It was seven long years ago that Lehman Brothers filed for bankruptcy.
The world waits for the Federal Reserve Board meeting to see if they will raise the benchmark for lending interest rates for US banks. For the first time in nine years they may actually do it.
As example of the far-reaching consequences of austere fiscal policies, in Japan, they are cutting social science expenditures.
With longstanding benchmark lending rates at zero, state governments in the US have not been able to keep pace with expenditures. Kansas, due to its own failure to spend money and consequent credit downgrade and their tax cuts for the wealthiest contributors, is now seeing hospital closures in addition to school closures amid further budget cuts.

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