141228 – Greek Democracy?

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The Hyper Report

Today’s Items:

Greek Democracy?

During a state-TV “interview, the Greek prime minister, after a vote, essentially told his country to do away with elections because the people should just blindly trust their leaders and not hold them accountable. He says that Greek people don’t want elections; however, when he says Greek people, does he really mean European bureaucrats?


In Japan, real wages cratered 4.3% compared to a year ago. This was the largest decline since the 4.8% recorded in December 1998. In addition, for first time ever since records were collected in 1955, Japan’s savings rate has turned negative. But the good news is that, because of an emergency airlift by McDonald’s, the Japanese will be able to enjoy McDonald’s fries starting January 5th – which had been rationed due to import delays caused by labor disputes on the U.S. west coast.


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