Eurozone’s RECORD Unemployment! OLYMPICS 2012! GM Uses Risky SubPrime Loans!

My commentary on the Eurozone’s unemployment hitting a record high, GM using risky subprime loans to boost car sales, why CNN’s ratings are dropping, why I don’t like about the Olympics and the latest economic news.

Eurozone unemployment hits record high
http://www.telegraph.co.uk/finance/financialcrisis/9440579/Eurozone-unemployment-hits-record-high-while-Mario-Monti-sees-light-at-the-end-of-tunnel.html

Home Sales Disappoint Twice
http://www.cnbc.com/id/48318563

GM Ramps Up Risky Subprime Auto Loans To Drive Sales
http://news.investors.com/article/620090/201207271807/gm-risky-subprime-auto-loans-fuel-sales.htm

U.S. Manufacturing Activity Contracts For Second Straight Month
http://www.rttnews.com/1936825/u-s-manufacturing-activity-contracts-for-second-straight-month.aspx?type=ts

U.S. Construction Spending Rises For Third Straight Month In June
http://www.rttnews.com/1936811/u-s-construction-spending-rises-for-third-straight-month-in-june.aspx?type=alleco&Node=B2

Australia’s Manufacturing PMI Falls On Weak Output, Employment
http://www.rttnews.com/1936201/australia-s-manufacturing-pmi-falls-on-weak-output-employment.aspx?type=alleco&Node=B2

Four US-led soldiers killed in blasts in Afghanistan
http://www.presstv.ir/detail/2012/08/01/253883/four-usled-troops-killed-in-afghanistan/

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