P. sent in this interesting link about Russia:Russia’s Growing Regional Debts Threaten Stability
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Local governments extending tax breaks to movie production companies is becoming commonplace now; Even to the point where cities and states compete with each other to be the hosting location for the movie company. Several readers sent this link in showing How Leonardo DiCaprio Cost New York Taxpayers $30 Million. HJL Adds: My own city recently released financials showing that in the past year, they hosted four movie productions, giving significant tax breaks to the production companies, with less than $9,000 increased revenue to the local businesses.
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More disturbing news about the Federal Reserve and QE.
Items from The Economatrix:
Life Without Benefits Gets Tougher For Jobless
$90 Cut To Food Stamps For 850,000
Here It Comes – More Leading Economists Call For Capital Controls