The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday.
The French and German economies both managed 0.2 percent growth in the July-to-September period but their resilience could not save the 17-nation bloc from contraction as the likes of The Netherlands, Spain, Italy and Austria shrank.
Economic output in the euro zone fell 0.1 percent in the quarter, following a 0.2 percent drop in the second quarter.
Those two quarters of contraction put the euro zone’s 9.4 trillion euro ($12 trillion) economy back into recession, although Italy and Spain have been contracting for a year already and Greece is suffering an outright depression.
A rebound in Europe is still far off. The debt crisis that began in Greece in late 2009 is still reverberating around the globe and holding back a lasting recovery.
Analysts said even the euro zone’s top two economies were likely to succumb in the final three months of the year.
Rush Limbaugh made a joke that wasn’t even serious and Brian Williams spun it on the NBC News to make it appear something really ugly. Rush Limbaugh than not only defends himself, but points out the constant journalistic failures of Brian Williams and NBC is news story after news story that they either ignore or get obvious facts wrong.
As a trained journalist myself, I ask you to set whatever feeling you have about Limbaugh aside, because in this he is spot on.
UPDATE – The New York Times totally trashed American track record holder Lolo Jones because she is a Christian who is saving herself for the right man (and no I am not even linking it. We will not be referring hits to their trashy hit piece).
Competition and the drive to win is indeed very important and vital. With that said there is a very important place for personal restraint and a competitive ethic. What does this teach us about society?
“If you are not careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.” – Malcolm X