June 2015 Job Cuts Up Slightly. Midyear Total Highest in Five Years.


from Challenger Gray and Christmas

Job cuts increased by about 10 percent in June, as employers announced plans to reduce payrolls by 44,842 workers during the month. Meanwhile, heavier-than-expected downsizing throughout the first half of 2015 pushed the midyear total to its highest level since 2010

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What We Read Today 30 June 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

The New American Art Form - Stretching National Holidays Into Legitimate Vacations

by Challenger Gray and Christmas

This week, millions of American workers will take advantage of the three-day weekend resulting from the Friday observance of Independence Day, which falls on Saturday. Many will stretch that three-day weekend into a four- or five-day weekend by using one or two of their precious vacation days. After all, if you can get a proper five-day vacation by only using two vacation days, why not take advantage?

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Infographic Of The Day: Integrated Payment System

Whether you operate a restaurant, coffee shop, retail store, or bar, an integrated payment system is crucial to your business’s future success.

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Video of the Day:

Fire struck a number of mainly African-American churches in five US states over the past week - in the wake of the massacre of worshippers in Charleston. At least half of the blazes are thought to be arson, and are being investigated as possible hate crimes.

video of day picture

FOREX NEWS by DailyForex

Greek Poll Shows “NO” Ahead

The results of the first opinion poll of Greek voters conducted since the weekend’s dramatic events was released this morning by the Efimerida ton Syntakton newspaper. The survey showed 54% voting “NO” and 33% voting “YES” with the remainder presumably undecided.

Will Greece Leave the Euro?

Opinion polls show that the Greek people want to remain within the Euro. It is probably also true that the Greek government desires to remain within the Euro. Find out what the expert traders at think about the current Greek crisis here.

ECB To Refuse Further Greek Liquidity

With the dramatic events of Friday and Saturday still being considered, the European Central Bank (ECB) met on Sunday and decided that it would not extend Emergency Liquidity Assistance (ELA) to the Greek central bank above its current level of €89 billion.

Tsipris: Greece is Still in the Game

With d(default)-day right around the corner, Prime Minister Alex Tsipris believes he hasn’t lost the battle just yet. In a television interview several hours ago, Tsipris suggested that European leaders would not have the nerve to kick his country out of the eurozone membership and that the cost of their doing so would be “enormous.”

Forex Week in Review

Last week saw the final trading session for the week, the month and the quarter from the perspective of these summaries. Much of that time has been pre-occupied with the Greek crisis which seems to have come to a head now.
 more investing, markets, precious metals & forex

Stock Market on Verge of Major Breakdown

 more opinion

Economic Red Alert?

by Michael Haltman

Is an economic red alert called for?

As the owner of a title insurance provider reliant on a healthy and vibrant U.S. economy that hopefully leads to the same in the real estate market, I am always searching for clues to provide me with indicators both for today and moving forward into the future!


 USA economy at a glance (boxed items are updates in last 7 days)

July 2015 Economic Forecast: Partial Rebound from Last Month's Decline

Written by Steven Hansen

Econintersect's Economic Index strengthened partially reversing last month's decline. Still, the tracked sectors of the economy remain relatively soft with most expanding at the lower end of the range seen since the end of the Great Recession. Thinking through the reasons for this month's increase, it was the improvement in a few areas from terrible to marginal growth.

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