Latest Articles: Economy
Domestic Terrorist?" - Leftist BLM Activist Who Stormed Capitol On Jan. 6 Arrested, Charged - John Earle Sullivan
The Republican Party Killed Itself
Australia to kill pigeon that crossed Pacific from Oregon
Could Joe Biden face impeachment?
Democrats Are Using The Recent Capitol Riot To Consolidate Power
Hold Twitter To Account
Incitement, Insurrection, Impeachment, Imperiousness, and Idiocy
Dems want to bring down anyone who ever backed Trump: Goodwin
Uganda Bans Twitter
Big Corporate Uses Capitol Riots To Push Communist-Style Social Credit System On Americans
Worst people on planet
Gluttons for boot news.
THE MAN ... WHO SHOT ASHLI BABBITT --- (WAS HE BLACK?)
Big Tech’s War on Free Speech
GOP Can't Afford to Leave Trump's Voters Behind
North Idaho Internet Provider Blocks Facebook, Twitter on Its Service Over Censorship
ACLU warns of ‘unchecked power’ of big tech for banning Trump amid calls for investigation of Amazon, Google and Apple
Lt. Gen. Tom McInerney explained Everything TACTICAL DECEPTION, THE STING, THE DATA
POPE DISAPPEARS INTO THIN AIR.
Pelosi And Wimp Portland Mayor Wheeler Conspired And Planned To Blame The Riots On Trump...Nutty Nancy Urges Limp-Wristed Wheeler To Stick To The 'Democrat (Communist) 'Play Book' - Is Nancy's Laptop Starting To Leak?
The Most Trusted Voice In America
Photos & Videos: BLM Activist John Sullivan Who Stormed The US Capitol Says That The Secret Has Been In Contact With Him - Far-Left Activists Have Raised Suspicion That He Is A Federal Agent Provocateur
US Attorney launches federal excessive force investigation into death of Trump-supporting Air Force vet who was shot dead as rioters breached the Capitol
The white backlash has begun. Again.
Pentagon Officials Say Pelosi Asked Them To Stage A Military Coup Against President Trump
WATCH: Armed Antifa Attack Trump Supporters, Cops in San Diego
Video: A Whole Plane Of Trump Supporters Kicked Off A Flight For Singing The National Anthem - Singing the National Anthem Is Now Domestic Terrorist Behavior
Media endorsed violence
Posted Articles Urgently Needed
Senile, lame brain calls protesters 'domestic terrorists'
We Ain’T ... Going To SubmiT --- We Won’T ForgeT
Why Aren't Elections Over by 8 p.m.?
Goodbye to 2020; Hello to a Gruesome 2021
JonBeneT Ramsey ... Psychic Reading --- JUNE 19, 2020
Obamanomics in Action: Broke man sells O’s letter
Post Date: 2012-01-24 14:34:46 by Happy Quanzaa
An unemployed Maine carpenter wrote President Obama asking if Americas future was as bleak as it seems and got a handwritten reply from the president. But Charles Oliver, a 53-year-old former Marine, had to sell that letter and the one he wrote on eBay to meet expenses. The reason for this letter, sir, is to ask my president one specific question. Mr. President are we as Americans going to be alright? he wrote. Obama replied: Charles, I know things are tough right now and I wont lie to you it will probably take another year or two to fully dig our way out of this hole. The letter fetched $2,500.
Under Obama, Price of Gas Has Jumped 83%, Ground Beef 24%, Bacon 22%
Post Date: 2012-01-23 16:55:55 by Happy Quanzaa
Under Obama, Price of Gas Has Jumped83 Percent, Ground Beef 24 Percent,Bacon 22 Percent By Christopher Goins January 20, 2012 So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics. During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent. When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon, an ...
British study links IMF loans to tuberculosis
Post Date: 2012-01-14 10:37:33 by lucysmom
Austerity measures attached to International Monetary Fund (IMF) loans may have contributed to a resurgence in tuberculosis in eastern Europe and the former Soviet Union, researchers said on Tuesday. Governments may be reducing funding for health services such as hospitals and clinics to meet strict IMF economic targets, the British researchers said. The study, published in the Public Library of Science journal PLoS Medicine, found that countries participating in IMF programmes had seen tuberculosis death rates increase by at least 17 percent between 1991 and 2000 -- equivalent to more than 100,000 additional deaths. About one million new cases were recorded during the same period. ...
Kucinich bill seeks to end the Federal Reserve
Post Date: 2012-01-09 12:23:20 by lucysmom
A bill put forward by Congressman Dennis Kucinich (D-OH) would do what libertarians and conservatives have long wished for: effectively end the Federal Reserve. The National Emergency Employment Defense (NEED) Act of 2011 would place the Federal Reserve, a private, qusai-governmental institution that controls the nations monetary policy, under control of the U.S. Treasury. It would also implement new rules for the financial industry, in hopes of ending the worst abuses that created the 2008 financial collapse and the ensuing recession. Listening to Kucinich speak about the Fed, one gets the sense that hes moved even closer to the position typically championed by his polar ...
Made in America
Post Date: 2012-01-08 10:11:49 by sneakypete
Poster Comment:As far as I know this is the first web site dedicated to selling ONLY American made products of general interest. Some of the prices are ridiculious (200 bucks for a freaking cauling gun?),but others seem more in line with reality. At any rate,take a look and put your money where your mouth is.
Ron Paul and the Banks
Post Date: 2012-01-07 11:44:30 by lucysmom
We should take Ron Paul seriously. The Texas congressman had an impressive showing in the Iowa caucuses on Tuesday and his poll numbers elsewhere are resilient he is running a strong third among Republicans nationally and is currently second in New Hampshire polling. He may well become the Republican candidate with populist momentum and energy in the weeks ahead. Mr. Paul also has a clearly articulated view on the American banking system, laid out forcefully in his 2009 book, End the Fed. This book and its bottom-line recommendation that the United States should return to the gold standard and abolish the Federal Reserve System tend to be dismissed out of ...
Payrolls in U.S. Climb 200,000; Unemployment Rate Falls to 8.5% GOP In Mourning On The Good News
Post Date: 2012-01-06 08:33:46 by war
Jan. 6 (Bloomberg) -- U.S. employers added more workers to payrolls than forecast in December and the jobless rate declined to an almost three-year low, showing that the labor market gained momentum heading into 2012. The 200,000 increase last month followed a revised 100,000 gain in November that was smaller than initially estimated, Labor Department figures showed in Washington. The median projection in a Bloomberg News survey called for a December gain of 155,000. The unemployment rate unexpectedly fell to 8.5 percent, the lowest since February 2009, while hours worked and earnings climbed. Sustained payroll gains are needed to chip away at joblessness and support household spending, ...
Barack Obama Announces Two Nominees to the Federal Reserve Board of Governors
Post Date: 2012-01-01 12:47:45 by We The People
WASHINGTON, PC Pres. Barack Obama Announced His Intentions Today to nominate Jerome Powell, And Jeremy C. Stein to the Board of Governors of the Federal Reserve system. In his statement president Obama said, "I am grateful that these individuals have agreed to serve their nation at this important time for our economy. There distinguished backgrounds and experience coupled with their impressive knowledge of the economic and monetary policy make them tremendously qualified to serve in these important roles." Jerome H. Powell, is presently a visiting scholar at the bipartisan policy Center in Washington DC. There, his work focuses on federal and state fiscal actions. ...
The Failure of Keynesian Economics
Post Date: 2011-12-30 16:05:33 by We The People
How Can Anyone Still Believe Keynes's General Theory? That anyone can still believe Keyness General Theory holds any answers to the worlds economic problems is one of those sad facts that make one realize just how difficult it is to gain headway in the dismal science. An article on John Maynard Keynes in the Washington Post late last year, which argued that Keyness work on the Great Depression was remarkably relevant to the dilemma Bush and Greenspan face now, is a reminder of just why our economic difficulties seem to multiply rather than diminish. That Alan Greenspan thinks of the General Theory as his font of economic knowledge only adds to the ...
Public Money for Public Purpose: Toward the End of Plutocracy and the Triumph of Democracy
Post Date: 2011-12-25 13:07:00 by lucysmom
A new year is upon us. And even before its first hour has been rung in, 2012 is already taking shape before us as a pivotal year in global politics. We can all feel the awakening under way. A revived longing for equality, shared prosperity and democratic solidarity is inspiring a vibrant new politics around the world. This new activist spirit is quickened by the keen apprehension of young people on every continent that something is very, very wrong with the present economic and political order. The rising generation, heirs to sick and damaged societies that have been unbalanced by decades of plutocratic rule and antisocial cupidity, have now begun to rouse themselves and in the ...
Philip Mirowski: The Seekers, or How Mainstream Economists Have Defended Their Discipline Since 2008 – Part IV
Post Date: 2011-12-22 09:15:02 by lucysmom
Edited and with an introduction by Philip Pilkington, a journalist and writer living in Dublin, Ireland The previous parts of the series can be found here, here, and here while a bibliography can be found here The debates surrounding the Dynamic Stochastic General Equilibrium [DSGE] models are perhaps some of the most interesting and important to have surfaced in the wake of the crisis. Of course, they, too many debates within the economics profession after the crisis, are deployed in order to insulate the research program from any fundamental criticism. But it is in the nature of the material that the critical observer can see something more interesting going on. And that is the ...
End welfare for the wealthy
Post Date: 2011-12-09 18:13:51 by jwpegler
The debate in Congress this week about whether to pay for extending the payroll tax cut by imposing a new tax on millionaires will have nothing to do with solving our nation's economic challenges and everything to do with election-year politics. Senate Democratic leaders have already signaled they will use the debate as a purely partisan exercise designed to embarrass Republicans into opposing tax cuts for the poor while defending tax cuts for the rich. I intend to offer an alternative. Instead of punishing the rich with higher taxes, I will give Congress the option of helping pay for extending the payroll tax cut by ending welfare to the wealthy. Read Sen. Coburn's report, ...
A Banker Speaks, With Regret
Post Date: 2011-12-01 09:48:16 by lucysmom
If you want to understand why the Occupy movement has found such traction, it helps to listen to a former banker like James Theckston. He fully acknowledges that he and other bankers are mostly responsible for the countrys housing mess. As a regional vice president for Chase Home Finance in southern Florida, Theckston shoveled money at home borrowers. In 2007, his team wrote $2 billion in mortgages, he says. Sometimes those were no documentation mortgages. On the application, you dont put down a job; you dont show income; you dont show assets, he said. But you still got a nod. If you had some old bag lady walking down the ...
As Layoffs Rise, Stock Buybacks Consume Cash
Post Date: 2011-11-28 00:29:56 by lucysmom
When Pfizer cut its research budget this year and laid off 1,100 employees, it was not because the company needed to save money. In fact, the drug maker had so much cash left over, it decided to buy back an additional $5 billion worth of stock on top of the $4 billion already earmarked for repurchases in 2011 and beyond. The moves, announced on the same day, might seem at odds with each other, but they represent an increasingly common pattern among American corporations, which are sitting on record amounts of cash but insist that growth opportunities are hard to find. The result is that at a time when the nation is looking for ways to battle unemployment, big companies are creating fewer ...
Roubini: Gold standard is for “lunatics and hacks”
Post Date: 2011-11-26 09:32:45 by CZ82
Roubini: Gold standard is for lunatics and hacks by Joel McDurmon on Nov 26, 2011 Popular New York University professor Nouriel Roubini has made a name for himself with a few accurate economic predictions like the end of the housing bubble. He is now, however, lashing out at sound money solutions to such banking failures. In the process, he calls proponents of honest money lunatic and hacks. In this interview, he repeated the mythical assertion that the gold standard caused the Great Depression. As he put it, One of the major causes of the Great Depression was the existence of the gold standard and the return to the gold standard after World War I ...
Family-Friendly Europe; Decent wages and generous social supports to reconcile work and parenting add up to a family policy that's smarter than marriage promotion.
Post Date: 2011-11-25 12:05:41 by lucysmom
The belief that motherhood is the preeminent cause of poverty in America has become a bipartisan cliché. The welfare reform enacted in 1996 was designed, among other things, to discourage single parenthood and to promote marriage. Yet a look at the experiences and policies of other nations suggests a more complex story behind the causes of and cure for poverty. Evidence from Europe shows that the remedy is to increase the economic resources available to low-income families-through better-paying jobs that relieve poverty directly and social supports that reconcile paid employment with reliable parenting. U.S. women, men, and children experience significantly higher levels of economic ...
Post Date: 2011-11-25 08:33:55 by CZ82
Spending Wars By Randall Hoven The ideas that federal spending exploded under George W. Bush, that "Bush's wars" account for our spending explosion, that Reaganism died with Reagan, and that we are on a spending binge that started decades ago are all nonsense. Our current spending binge is a very recent phenomenon with a very specific starting point: the year Democrats started writing budgets (or continuing resolutions), compounded by Barack Obama's inauguration. Look at the chart below. If you were to cover up the last four years on the right, 2008-11, would you say spending was getting out of hand? In 2007, total spending was 19.6% of GDP, a level nearly matching ...
A radical redistribution of income undermined US entrepreneurship
Post Date: 2011-11-22 09:49:01 by lucysmom
There was an Bloomberg Op Ed today (November 22, 2011) Protesters Ignore American Love of Entrepreneurs by Harvard economist Edward Glaeser. It is an attack on the OWS movement and an appeal to how great American entrepreneurship is. The ideas resonate with some recent work I have been doing on the impacts of national income redistribution under neo-liberalism on aggregate demand and the role of the financial sector. The link is that entrepreneurship in the US is not what it was and it is an illusion to think that the past two decades or so bears much similarity to the heyday of US entrepreneurship, whatever your view of the latter is. The entrepreneurs are disappearing in ...
Warning From Wall Street Broker: “The Entire System Has Been Utterly Destroyed”; Recommends “ALL customers Withdraw From All of the Markets”
Post Date: 2011-11-19 09:33:43 by Capitalist Eric
Editors Note: You will rarely, if ever again, see a brokerage firm close their doors not as a result of losing all of their customers money, but rather, preemptively in order to prevent them from being wiped out. Thats exactly what Ann Barnhardt of Barnhardt Capital Management did Thursday morning when she advised clients that her firm was liquidating all customer brokerage and options accounts. In a series of letters published on her web site, disseminated by Zero Hedge, and brought to us by The Daily Crux, Ms. Barnhardt takes the unprecedented step of shutting down her firm in order to prevent losses in what she says is a system that is no longer functioning with ...
Let's get real about poverty in America
Post Date: 2011-11-16 08:02:54 by Happy Quanzaa
According to CBS News, "the number of people in the U.S. living in poverty in 2010 rose for the fourth year in a row, representing the largest number of Americans in poverty in the 52 years since such estimates have been published by the U.S. Census Bureau." And MSNBC said, "the U.S. poverty rate remains among the highest in the developed world." Let's look at a few poverty facts, shall we? Heritage Foundation researchers Dr. Robert Rector and Rachel Sheffield laid out some facts about the poor in their report "Understanding Poverty in the United States: Surprising Facts About America's Poor." Eighty percent of poor households have air conditioning. ...
The right's smoke and mirrors scam about Social Security--it ain't broke (unless China is too)
Post Date: 2011-11-13 09:11:13 by lucysmom
The right's smoke and mirrors scam about Social Security--it ain't broke (unless China is too) We've noted in these postings the growing inequality between rich and the rest of us in America, and that is the appropriate backdrop against which to investigate further the right's smoke-and-mirrors scams about tax policy and earned benefits. Let me remind you with Kevin Drum's Mother Jones article on The Price of Plutocracy: "For all practical purposes, every year about $700 billion in income is being sucked directly out of the hands of the poor and the middle class and shoveled into the hands of the rich." (That sentence is illustrated with a great chart, with ...
John Maynard Keynes Knew What Occupy Wall Street Tells Us Today: "Banks and bankers are by nature blind."
Post Date: 2011-11-12 17:40:49 by lucysmom
Friedrich August von Hayek was a charming and gracious man who accepted my invitation to lunch in Salzburg when I was 23 years old. But even Milton Friedman called his price theory very flawed and his capital theory unreadable. He was denied a post in economics at the University of Chicago, and his reputation today rests largely on The Road to Serfdom, a warning against Soviet-style central planning with which Keynes felt free to declare deeply moved agreement. On policy matters Hayek was no extremist and often aligned with Keynes. As Professor Walter Block points out in the Journal of Libertarian Studies, he agreed that central banks should fight ...
Hopey-Changey happens: Dozens of Jobs Cut at CNN; New York, Atlanta, Washington, DC, Miami, LA Staffers Pink-Slipped
Post Date: 2011-11-12 07:46:06 by Happy Quanzaa
Breaking: Layoff notices are being handed out across CNN/U.S. today. Photographers, editors and other staffers in Atlanta, New York, Washington, DC, Los Angeles and Miami are being let go. In all, at least 50 positions are being eliminated. As many as 12 staffers in the Washington, DC bureau alone, four of whom are longtime photojournalists. CNN Senior VP Jack Womack writes in a note to staff that the cuts come after a 3-year analysis of the companys work processes. The CNN Library, which houses CNNs archives, is centralizing in Atlanta. The library in CNN New York is closing, while there will be cuts in staff at the library in Washington, DC. New positions will be added to ...
Public sector jobs keep shrinking
Post Date: 2011-11-09 10:38:20 by lucysmom
As politicians in Washington, D.C., debate how to shrink the size of government, their counterparts in statehouses have actually been doing it. Public-sector jobs now account for the smallest share of the nation's employment since the 2008 financial crisis, according to new data released yesterday. In October, the public sector cut 24,000 jobs while private industry continued adding jobs at a steady clip, the Labor Department said yesterday. The nation's unemployment rate fell slightly to 9 percent, but it would have been 8.7 percent had state and local governments not contracted the past two years. Amid lower tax revenue due to the recession, state and local governments have cut ...
Big Banks Lose Billions on ‘Bank Transfer Day’ – But This Might Be in Their Favor
Post Date: 2011-11-09 07:45:52 by CZ82
Big Banks Lose Billions on Bank Transfer Day But This Might Be in Their Favor Posted on November 7, 2011 at 5:57pm by Becket Adams Bank Transfer Day, the movement that urged bank customers to close their accounts and instead deposit funds in credit unions on or before November 5, led to at least 650,000 new credit union members and a total of $4.5 billion in new deposits, according to the Credit Union National Association. About 80 percent of credit unions in the U.S. saw an increase in accounts in October, with membership increases of 10,000 or more in 21 of the 50 states and the District of Columbia in the past month. California credit unions saw the biggest ...
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