Friday, September 6, 2013

Morning Journal--Morgan exiting the student loan business

Economics

   This Week’s Data

            July factory orders fell 2.4% versus expectations of a decline of 3.4%.

            The August Institute for Supply Management’s nonmanufacturing index came in at 58.6 versus estimates of 55.0.

            August nonfarm payrolls rose 169,000 versus forecasts o 175,000; the unemployment rate dropped from 7.4% to 7.3%.

   Other

            Why we keep having bubbles (medium):

            Speaking of bubbles, JP Morgan is getting out of the student loan business (medium):

            Japan upgrades its economic outlook (medium):

Politics

  Domestic

Among the senators on the senate foreign relations committee, guess which ones received the most donations from the defense industry?  You don’t have to guess, because you know:

  International

            Stick it to Putin (medium):

            Problems in Asia (medium):

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