|
Latest Articles: Economy
The Myth of America’s Manufacturing Renaissance: The Real State of U.S. Manufacturing
Post Date: 2015-01-13 13:05:17 by Hondo68
4 Comments
To listen to most pundits and commentators, U.S. manufacturing has turned a corner and is roaring back after the precipitous decline during the 2000s. Long gone are the dismal days when manufacturing jobs and output were lost due to foreign competition. Higher foreign labor costs, cheap oil and gas here at home and automation are combining to make America the new global manufacturing hub: at least according the now dominant narrative. Indeed, the term “manufacturing renaissance” is used to describe this new state of affairs. However, as a new ITIF report shows, the data do not support such a rosy scenario. In fact, at the end of 2013 (the most recent year available) real ...
How $10,000 In The Bank In 2008 Lost Over $7000 Of Wealth by 2013
Post Date: 2014-11-22 17:07:12 by nolu chan
1 Comments
How $10,000 In The Bank In 2008 Lost Over $7000 Of Wealth by 2013 By Bill Sardi LewRockwell.com November 22, 2014 “That’s money in the bank” is on old expression of the surety of the value of money housed inside a banking system. But today savers are being clobbered by less than 1% interest being offered on saved money + erosion of purchasing power due to inflation. Charles Schwab, the investment guru, speaking out in The Wall Street Journal, bemoans the low interest rates on saved money that has affected so many retirees. Schwab is calling for the nation’s central bank (The Federal Reserve) to raise interest rates. While Schwab estimates that the loss of interest ...
Harry Reid. Debt Limit Extension, Cong Rec, March 16, 2006
Post Date: 2013-10-08 15:56:59 by nolu chan
4 Comments
Harry Reid, Debt Limit Extension Congressional Record, March 16, 2006, pages S2234-S2235 Harry Reid, excerpt: If my Republican friends believe that increasing our debt by almost $800 billion today, and more than $3 trillion dollars over the last 5 years, is the right thing to do, they should be upfront about it. They should explain why they believe more debt is good for our economy. How can the Republican majority and this Congress explain to their constituents that trillions of dollars of new debt is good for our economy? How can they explain that they think it is fair to force our children, our grandchildren, and our great grandchildren to finance this debt through higher taxes? ...
Congressional Record, March 16, 2006 (Obama) re Debt Limit Increase and Budget
Post Date: 2013-09-19 23:16:18 by nolu chan
0 Comments
Congressional Record, March 16, 2006 (Obama) re Debt Limit Increase and Budget America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit. — Sen. Barack Obama, March 16, 2006 http://www.scribd.com/doc/169556800/Congressional-Record-March-16-2006-Obama-re-Debt-Limit-Increase-and-Budget-Text-and-PDF
Presidential Meeting Signals Catastrophic Event: Crisis - NASDAQ trading halted, Apocalypse
Post Date: 2013-08-22 14:01:16 by Hondo68
1 Comments
If there’s one thing we know about how the US government operates, it’s that the American people are often the last to know about serious problems that may be taking place behind the scenes. This week, in a move that has spooked a lot of economic and financial analysts, President Barack Obama held a special, closed door meeting with the heads of the U.S. government’s financial, monetary and oversight agencies. It included members of the Federal Reserve, the FDIC, the CFTC, the SEC, and the Federal Housing Finance Agency. This has left many wondering what is really going on – and if a serious event is about to take place yet again. I guess I’m always unnerved as a ...
44 Facts About The Death Of The Middle Class That Every American Should Know
Post Date: 2013-07-31 10:28:20 by Hondo68
11 Comments
What is America going to look like when the middle class is dead? Once upon a time, the United States has the largest and most vibrant middle class in the history of the world. When I was growing up, it seemed like almost everyone was "middle class" and it was very rare to hear of someone that was out of work. Of course life wasn't perfect, but most families owned a home, most families had more than one vehicle, and most families could afford nice vacations and save for retirement at the same time. Sadly, things have dramatically changed in America since that time. There just aren't as many "middle class jobs" as there used to be. In fact, just six years ago ...
Bombs Going Off One Level Down
Post Date: 2013-07-25 13:19:49 by We The People
0 Comments
It’s been a strange couple of weeks. US stocks are not far from all-time records, both nominally and adjusted for inflation. Home prices are soaring – up 33% y-o-y in the Bay Area, to take just one of many possible examples. A casual observer might assume that things are going great. But one level down on the headline ladder it’s a very different story. The list of ominous events and trends has suddenly grown a lot longer. Among the bombs that went off last week: Detroit declares bankruptcy For years, analysts have been looking at the balance sheets and pension funds of dysfunctional entities like California, Illinois, Chicago, Detroit, and Oakland and wondering how much ...
Most government pensions to be confiscated within a decade
Post Date: 2013-07-22 11:49:34 by Hondo68
13 Comments
(NaturalNews) Last week, Detroit declared bankruptcy, becoming the largest city in U.S. history to take such drastic action in the face of financial insolvency. A declaration of bankruptcy isn't what most people think it is, though: it's not just a statement of "we're broke!" It's actually a way for the city to clear its slate of all financial obligations and not pay the retirees it owes.What are the largest financial obligations the city facing? Pensions. $3.5 billion worth of pensions, to be exact.Yes, Detroit owes former government employees -- teachers, firefighters, cops and more -- a whopping $3.5 billion in current and future payments. Except Detroit ...
$$$$ Zimmerman lawyer to move ‘asap’ against NBC News $$$$
Post Date: 2013-07-14 21:58:32 by Hondo68
1 Comments
Last night’s not-guilty verdict in the George Zimmerman trial will enable the neighborhood-watch volunteer to resume his case against NBC News for the mis-editing of his widely distributed call to police. Back in December, Zimmerman sued NBC Universal Media for defamation over the botched editing, which depicted him as a hardened racial profiler. George Zimmerman (R) talks to defense counsel Don West during his trial on Saturday. (EPA/JOE BURBANK / POOL) Here’s how NBC News, in a March 27, 2012, broadcast of the “Today” show, abridged the tape of Zimmerman’s comments to a police dispatcher on the evening of Feb. 26, 2012: Zimmerman: This guy looks like he’s up ...
Durable Goods Demand Points to Second-Half U.S. Rebound
Post Date: 2013-05-24 14:58:14 by Brian S
3 Comments
By Alex Kowalski - May 24, 2013 Orders for U.S. durable goods increased more than forecast in April, indicating the world’s largest economy will get a lift in the second half of the year as business investment strengthens. Bookings for equipment meant to last at least three years increased 3.3 percent last month after dropping 5.9 percent in March, the Commerce Department said today in Washington. The median forecast from 78 economists surveyed by Bloomberg projected a 1.5 percent increase. Gains in residential construction, growing demand for autos and the need to update equipment will probably ripple throughout manufacturing, helping the economy recover from a slowdown this ...
Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Post Date: 2013-02-18 23:09:09 by Hondo68
32 Comments
By Michael, on February 17th, 2013 If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems. A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a "total disaster". So why is this happening? Why are major retail chains all over America collapsing? Is the "retail apocalypse" upon us? Well, the truth is that this is ...
GDP Shows "Surprise" Drop for U.S. in Fourth Quarter
Post Date: 2013-01-30 16:51:00 by Capitalist Eric
10 Comments
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter. The surprise contraction could raise fears about the economy's ability to handle tax ...
Standstill: The Charts That Prove The Global Economy Is In Serious Trouble
Post Date: 2012-12-13 22:49:37 by Capitalist Eric
1 Comments
Amid growing concern that the global economy is teetering on the edge of a total collapse, governments in Europe, China and the United States continue to manipulate statistics in an effort to paint a picture of recovery and a return to normalcy. But despite their best efforts to fabricate positive employment numbers, GDP growth, currency stability and stock market health, the stark reality is that the global economy is at a standstill, and has been since before the crash of 2008. Economic growth is measured by how much we produce and consume, and before the bursting of the bubble there was an unprecedented level of consumption in America and throughout the rest of the world. But when ...
Explaining The U.S. Economy Via Star Wars
Post Date: 2012-12-13 12:26:14 by Capitalist Eric
0 Comments
55 Reasons Why California Is The Worst State In America
Post Date: 2012-12-13 10:24:35 by Hondo68
21 Comments
Why in the world would anyone want to live in the state of California at this point? The entire state is rapidly becoming a bright, shining example of everything that is wrong with America. It is so sad to watch our most populated state implode right in front of our eyes. Like millions of Americans, I was quite enamored with the state of California when I was younger. The warm weather, the beaches, the great natural beauty of the state and the mystique of Hollywood all really appealed to me. At one point I even thought that I wanted to move there. But today, hordes of Californians are racing to get out of the state because it has become a total nightmare. It is the worst state in the ...
Economic Crisis Fuels Military Intervention As The Chemical Weapons ‘Threat’ Becomes The New Pretext
Post Date: 2012-12-10 23:36:49 by Hondo68
7 Comments
Durban, South Africa: The US economy is sluggish with fears of a new recession. The Democrats and Republicans once more cannot agree on what to do about the alleged “fiscal cliff” that threatens to further unravel the economy, even as analysts say that the whole notion of going over the “cliff “ has been fabricated by the right to force more cuts in social benefits. Consumer confidence is dipping in this festive season of global shopping–not a good sign, since consumption and spending at the malls is an economic driver with 70% of economic activity based on getting consumers to buy even when it means they must go deeper and deeper in debt using credit cards and ...
Arbiter Wins Jobs Back For Fired Auto Workers Busted For Boozing on the Clock (UAW, Chrysler)
Post Date: 2012-12-10 22:24:26 by Hondo68
1 Comments
Chrysler auto workers fired two years ago after an investigation revealed they spent their lunch breaks violating company policy were awarded back their jobs after arbitration concluded last week, Fox Detroit reports. WJBK-TV in Detroit was tipped off two years ago shortly after the auto bailout that resuscitated Chrysler that its factory employees would spend its lunch breaks smoking and drinking in violation of company policy. The timing could not have been worse as it was the midst of the “Imported from Detroit” marketing campaign to go along with the factory-in-question being the same plant that President Barack Obama would visit to claim bailing out the auto industry as a ...
America not paying its fair share
Post Date: 2012-12-03 19:11:16 by Capitalist Eric
5 Comments
You cannot simultaneously enjoy American-sized taxes and European-sized government. One or the other has got to go. Previously on "The Perils of Pauline": Last year, our plucky heroine, the wholesome apple-cheeked American republic, was trapped in an express elevator hurtling out of control toward the debt ceiling. Would she crash into it? Or would she make some miraculous escape? Yes! At the very last minute of her white-knuckle thrill ride to her rendezvous with destiny, she was rescued by Congress' decision to set up... a Super Committee! Those who can, do. Those who can't, form a committee. Those who really can't, form a Super Committee – and then put ...
Post-US world born in Phnom Penh [Game OVER]
Post Date: 2012-11-30 12:11:30 by Capitalist Eric
1 Comments
It is symptomatic of the national condition of the United States that the worst humiliation ever suffered by it as a nation, and by a US president personally, passed almost without comment last week. I refer to the November 20 announcement at a summit meeting in Phnom Penh that 15 Asian nations, comprising half the world's population, would form a Regional Comprehensive Economic Partnership excluding the United States. President Barack Obama attended the summit to sell a US-based Trans-Pacific Partnership excluding China. He didn't. The American led-partnership became a party to which no-one came. Instead, the Association of Southeast Asian Nations, plus China, India, Japan, South ...
Do You Live In A Death Spiral State?
Post Date: 2012-11-28 13:52:45 by jwpegler
10 Comments
Don’t buy a house in a state where private sector workers are outnumbered by folks dependent on government. Thinking about buying a house? Or a municipal bond? Be careful where you put your capital. Don’t put it in a state at high risk of a fiscal tailspin. Eleven states make our list of danger spots for investors. They can look forward to a rising tax burden, deteriorating state finances and an exodus of employers. The list includes California, New York, Illinois and Ohio, along with some smaller states like New Mexico and Hawaii. If your career takes you to Los Angeles or Chicago, don’t buy a house. Rent. If you have money in municipal bonds, clean up the portfolio. ...
More Americans Will Use Food Stamps For Thanksgiving This Year Than Ever Before
Post Date: 2012-11-21 13:24:13 by Capitalist Eric
1 Comments
More Americans will use food stamps to buy their Thanksgiving dinner this year than ever before, according to a new report from the nonprofit government watchdog group The Sunlight Foundation. The Food Stamp Challenge, which challenges higher-income families to live as if they are on food stamps, estimates that a person on food stamps has a budget of about $1.25 per meal. In other words, a family on food stamps must buy an entire meal per person for less than the cost of an average cup of coffee. Usage of food stamps among low and no-income families has spiked since the collapse of the U.S. financial system four years ago. According to the U.S. Department of Agriculture, average ...
Economic Disintegration is Almost Here [Obamanomics]
Post Date: 2012-11-20 19:13:40 by Capitalist Eric
5 Comments
The disintegration of an economy and a society can take two courses. One course is like rust. It is slow and barely perceptible. The other is a sudden collapse. The first course, if left untended, eventually turns into the second. The US economy is now rusting away. Arguably it has been for decades. For anyone interested in looking, the signs are there. They will soon become unavoidable for even the most disinterested of our citizens. Dan Amoss correctly described what is happening as a result of Washington's overbearing involvement in the economy: All government-directed economic activity grows at the expense of the private sector. And the election suggests ...
Fed Tweet to Savers and Investors: Drop Dead
Post Date: 2012-11-20 12:17:27 by Capitalist Eric
0 Comments
Can you identify the one major economic issue that was all but ignored by both major parties (but not by Ron Paul) in the recent presidential election? I can…and it’s not the so-called "fiscal cliff" problem currently being debated in Washington. It’s the Federal Reserve’s crazy monetary policy of repeated "quantitative easing" and extremely low interest rates. Both President Obama and Governor Romney had several heated debates about taxes, government spending, deficits and government debt. They did not agree on almost anything but at least they recognized that these macro-economic fiscal policies were important in any serious analysis of ...
The Twinkie That Broke The Economy's Back? [Continuing Economic Collapse]
Post Date: 2012-11-19 16:57:08 by Capitalist Eric
0 Comments
Can you hear that sound? It is the sound of the air being let out of the economy. Since the election, there has been a massive tsunami of layoffs and business failures. Of course the company that is making the biggest headlines right now is Hostess. On Monday, Hostess will be in a New York bankruptcy courtroom as it begins the process of liquidating itself. Needless to say, Twinkie lovers all over America are horrified. Many are running out to grocery stores and hoarding as many as they can find, and some online sellers are already listing boxes of 10 Twinkies for as much as $10,000 on auction websites such as eBay. Well, there is really no reason to panic. It is very likely that another ...
Is America ready for a Mexican Twinkie? Bankrupt Hostess 'to sell beloved snack to cake company south of the border'
Post Date: 2012-11-19 12:03:39 by Murron
6 Comments
Is America ready for a Mexican Twinkie? Bankrupt Hostess 'to sell beloved snack to cake company south of the border' A Mexican company may come to the rescue of Twinkies-loving Americans across the country as it looks to acquire the bankrupt Hostess Brands to keep its lip-smacking-sweet confections on store shelves for years to come. Mexican company Grupo Bimbo is reportedly eyeing Hostess Brands, the company that makes Twinkies, Ding Dongs and Ho Ho's, after Hostess announced last week that it would shutter and liquidate its 33 bakeries. News of Hostess Brands' liquidation struck fear in the hearts of Twinkies loyalists across the country, who scrambled to snatch up the ...
Latest [Newer] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [Older]
|
