This is an amazing story. The NSA is collecting, analyzing and monitoring millions of Verizon phone records.
he US National Security Agency is collecting the telephone records of tens of millions of Americans, according to the Guardian newspaper.
The British paper published what it said was a secret court order directing the Verizon company to hand over electronic data on all its customers on an "ongoing daily basis".
ADP's proprietary private payrolls jobs report shows a gain of 135,000 private sector jobs for May 2013. ADP revised April's job figures down by 6,000 to a measly 113 thousand jobs. Overall, May shows another month of more weak job figures. This report does not include government, or public jobs.
The May ISM Manufacturing Survey shows PMI crumbled by -1.7 percentage points to 49.0%. Manufacturing has moved into contraction. Manufacturing also contracted in November 2012 and previous to that, July 2009. Both new orders and production contracted indicating bad news for the U.S. manufacturing sector and the index details are even more ominous.
The April personal income and outlays report shows personal income has no change from last month, mainly due to less inflation. Disposable income decreased -0.1%, but adjusted for inflation, shows a monthly increase of 0.1%. Consumer spending decreased -0.2%, but when adjusted for inflation grew by 0.1% for the month, which is meager.
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