Latest Articles: Economy
The taboo that could break america.
Trump Impeachment DOA in Senate
Seattle Sure Waited a Long Time to Implement This New Policy on Rioting
Warden/Executioner interview-Charlie Jones
He Reveals What 1950s Men Thought & Did
7 Black Americans Express Their Rage In The 1960s
Jackie Kennedy on MLK: 'That man's terrible' - theGrio
World Mourns Nehru
STaTes Eye ... Allowing Concealed Carry of Guns --- WiThouT a PermiT
FEC Filing of the "Patriot Party"
NYC ouT of conTrol ... 12 sub humans beaT man - sTrip him naked - sTeal everyThing --- in broad daylighT on major inTersectTon
It's This Simple: Liz Cheney Must Go
Rand Paul Wipes the floor with pedophile lover George Stephanopoulos
Worst Fishing Day Ever (Winter Fishing) ***Bad Idea***
Pelosi Wanted Machines Guns
They're Coming to America
Alexandria Ocasio-Cortez Skipped Biden's Inauguration...And The Reason Is Beyond Idiotic
Bernie Sanders predicts the Democratic Party could be 'wiped out' in the 2022 midterm elections
Larry King ... Television legend --- dies aT age 87
OuTrage over U.S. flag flown upside down ... aT half sTaff at SouTh Maui posT office --- InauguraTion Day
Biden won’t stop them, and neither will cops, until Portland is burned down
SALUTE THE MARINE!!!!!
Trump's greatest legacy: The GOP now represents America's workers
Joe’s ... firsT 17 AcTs --- Of DesTructTon
google is evil
Now wiTh The UniTed StaTes Taken ouT --- They have a glide paTh To “build iT back beTTer” / “susTainabiliTy” / “social justTce” us --- inTo “The GreaT ReseT
DAY ONE: Beijing Biden Kills Keystone Pipeline and Thousands of Jobs, Rejoins Paris Climate Accord, Removed 1776 Project, Vows to Restart Iran’s Nuclear Program, Fed Mask Mandates
Republicans Block Swift Approval of Biden's DHS Pick
President Donald J. Trump Departure Ceremony
Stop the Steal
Feds ArresT Pennsylvania Woman ... Accused of STealing --- Pelosi’s LapTop
Enter the Dumbest Administration on Earth
How Joe Biden Will Open The Floodgates To Transgendering Public Schools
CNN Pushes to Close Down Newsmax TV
tax and regulate
Supreme CourT Deals DemocraTs A Major DefeaT In Texas ... They JusT Ruled ---To RejecT Universal Mail-In BalloTing
EYEWITNESS' ACCOUNT DC
Biden’s party seeks to divide and destroy, not unite and heal
“If You Need All This To Protect Your Inauguration from the People, Maybe the F-ing People Didn’t F-ing Elect You!” – DC Worker Shows Video of Military Checkpoints in City (VIDEO)
How Soon Will the Social Security Trust Fund Be Depleted and How Should People Protect Their Retirement Income?
With These Figures, It's No Shock Why Republicans Got Swept by Democrats in Georgia
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
The False Dichotomy of Greed
Post Date: 2011-09-24 09:49:00 by lucysmom
The Euro crisis appears to be developing into something similar to the 1980s Latin American debt crisis when the idea that, to quote Walter Wriston, who ran First National City/ Citibank from the 1960s into the 1980s it was assumed that: countries dont go out of business. The Latin American leadership demonstrated that they, in effect, could, by defaulting. As a number of bloggers on MB have pointed out, government finances are not like household finances, although they are often seen that way. That much is well understood in the financial community, although perhaps not as well in the wider public. What is not acknowledged in the financial community is the assumption ...
Economics Debunked: Chapter Two for Sixth Graders
Post Date: 2011-09-22 19:06:50 by lucysmom
Once upon a time, about a hundred years ago, economics was different from how it is today. Many famous people had thought about economics, including Adam Smith, Ricardo, Marx, and others. Economics was not a perfect science, and lots of people who thought about economics disagreed. But in the last century, economists started to agree about two things: economics should become as mathematical as it possibly could, and politicians should listen to economists. Economics at the time was not a very mathematical science, at least compared to the way it is today. Economists used to write articles with very few equations, or even without any equations at all. When did economists start to use math ...
Meg Whitman Will Be Named Full-Time CEO Of HP Today
Post Date: 2011-09-22 12:13:38 by socalv8
After less than a year, HP's board has decided to toss CEO Leo Apotheker and replace him with board member and ex-eBay CEO Meg Whitman, Kara Swisher at All Things D, reports. The announcement is expected to come after the market closes. The stock seems to have popped a little on the news, but it's still down for the day by 2%. Whitman will not become interim CEO, either. She's going to be the full-time CEO. Click for Full Text!
The Biggest Bubble of All Time: Commodities Market Speculation
Post Date: 2011-09-22 11:14:10 by lucysmom
Sorry, this is a day late (but hopefully not a dollar short). Back in fall of 2008 I wrote a piece examining what was then the biggest bubble in human history: www.levyinstitute.org/pubs/ppb_96.pdf. Say what? You thought that was tulip bulb mania? Or, maybe the NASDAQ hi-tech hysteria? No, folks, those were childs play. From 2004 to 2008 we experienced the biggest commodities bubble the world had ever seen. If you looked to the top 25 traded commodities, you found prices had doubled over the period. For the top 8, the price inflation was much more spectacular. As I wrote: According to an analysis by market strategist Frank Veneroso, over the course of the 20th century, there ...
Obamanomic Report: U.S. Stocks Drop on Fed’s Plan to ‘Twist’
Post Date: 2011-09-21 18:25:01 by Happy Quanzaa
U.S. stocks slid, while Treasuries and the dollar rallied, after the Federal Reserve announced plans to buy $400 billion of long-term debt in an effort to combat significant downside risks to the economy. The Standard & Poors 500 Index tumbled the most in a month, losing 2.9 percent to 1,166.76 at the 4 p.m. close in New York and extending a three-day drop to 4.1 percent. Ten-year Treasury yields dropped to a record low and 30-year bond rates slid to the lowest since January 2009, while two-year yields rose. The Dollar Index climbed 1 percent to a seven-month high of 77.802. Lead, nickel and sugar fell more than 3 percent to lead the S&P GSCI Index to a one-month ...
Obamanation National Anthem: "My EBT"
Post Date: 2011-09-20 07:41:44 by Happy Quanzaa
Raw Video " MY EBT " by @MREBT ( OFFICIAL VIDEO )
Obamanomic Operation "Twist" to Launch This Week~Print Mo' Money, Mo' Money, Mo' Money
Post Date: 2011-09-18 20:06:33 by Happy Quanzaa
Week Ahead: Fed Expected to LaunchNew Program While Europe DebtTroubles Bubble The Fed in the week ahead is widely expected to pull the trigger on a new easing program, as the European debt crisis continues to boil. The housing market will also be a focus when new and existing home sales data is released Tuesday and Wednesday. New data this past week showed a jump in foreclosure starts, signaling that a big wave of foreclosed properties will hit the struggling housing market early next year. The Dow and S&P 500 had their best week since July and second best week since July 2010, as European officials showed support for Greece. The Nasdaq did even better jumping 6.3 percent, ...
Texas unemployment rises, hurting Perry's job creation argument
Post Date: 2011-09-16 19:20:42 by war
The unemployment rate in Texas rose to 8.5 percent in August, putting the state in the middle of the pack nationally and undercutting GOP presidential candidate and Texas Gov. Rick Perry's argument that he is the best job-creator of the governors nationwide. The numbers were released by the Bureau of Labor Statistics on Friday. Perry's campaign blamed the increase on the national recession and President Obama's policies. "Texas is not immune to the effects of the national recession. Yet Texas continues to outperform the rest of the country and is still home to roughly 40% of the net new jobs created nationwide since June 2009," Perry spokesman Mark Miner said in an ...
Capitalism is the problem
Post Date: 2011-09-15 12:15:11 by Godwinson
Capitalism is the problem By Steve Lachman Posted: 12:01am on Sep 15, 2011; Modified: 8:39am on Sep 15, 2011 Republicans and Democrats, in their own ways, try to solve our economic doldrums by placing Band- Aids on the systemic problems of capitalism. Republicans think reducing the tax burden on the wealthy would free up money to invest in capital, thereby creating jobs. Democrats think government investment in infrastructure creates jobs and future opportunity. Unfortunately for the Republicans, the tax burden on the wealthy is already so minimal that reducing it further wouldnt add significantly to available capital. To the extent that money is freed up, it is more likely to ...
New report cites 'regulatory tsunami' under Obama
Post Date: 2011-09-14 18:59:09 by Happy Quanzaa
The number and scope of federal regulations, along with the costs of those regulations and the number of federal regulators, are all growing despite an executive order from President Obama that was touted as a measure to curb over-regulation, according to a new report by the House Government Oversight and Reform Committee. The report says the Obama administration has "imposed 75 new major regulations costing more than $380 billion over ten years." In addition, the report says there are 219 more "economically significant regulations" in the works which will cost businesses $100 million or more each year -- for a minimum cost of $21 billion over ten years. The number of ...
Obama to Tout Jobs Act at Company that Outsources
Post Date: 2011-09-14 16:17:22 by Happy Quanzaa
President Obama today is visiting a small North Carolina manufacturing company that has outsourced half its workforce to Costa Rica and whose president is a Democratic politician who has contributed $2,000 to Obama. WestStar Precision, a machine manufacturing firm headquartered in the Raleigh-Durham area, has a second plant located in San Jose, Costa Rica. There are 24 employees at each site, according to an NBC affiliate in Raleigh. Ironically, Obama is traveling to the companys headquarters to tout his new proposal to create jobs in the United States. While hes there, he can thank WestStar President Ervin Portman for his financial assistance. According to the website ...
Super Committee Riven By Major Divide Over Basic Facts
Post Date: 2011-09-14 13:33:30 by nolu chan
Super Committee Riven By Major Divide Over Basic Facts Brian Beutler | September 14, 2011, 5:59AM Political debates over deficits and debt are always marked by obfuscation and technicality. The numbers are huge and frightening, the terms obscure and technical, and the simple, fundamental point of the argument gets buried underneath this avalanche of panic and esoterica. But for a brief moment Tuesday, under questioning from Sen. Max Baucus (D-MT), Congress' top economic analyst made it perfectly clear to everybody who was listening. "I think really the fundamental question for you is not how we got here, but where you want the country to go, what role do you and your ...
Poverty Rate Highest Since 1993; Median Income Reveals Lost Decade and a Half
Post Date: 2011-09-14 11:08:06 by lucysmom
Both official data and numerous news stories confirm how badly average citizens have fared in the wake of the global financial crisis. Food stamp use has fallen only a tad from record high levels. WalMart has reinstituted layaway. The average home with a mortgage has no equity in it. Further confirmation comes via the Census Bureau release that showed the US poverty rate has risen a full percent in the last year to 15.1%, a level not seen since 1993, the end of a short but nasty downturn. And 1/4 of American children are living in poverty. Fewer young adults are able to start households. 14.2% of Americans between the ages of 22 and 34 are living with their parents, up from 11.8% before ...
Number of U.S. poor hit record 46 million in 2010 (another Obama milestone)
Post Date: 2011-09-13 12:44:09 by Hondo68
Homeless and needy people line up to receive bottles of cold water from a Salvation Army disaster relief truck in Kansas City, Missouri August 1, 2011. WASHINGTON (Reuters) - The number of Americans living below the poverty line rose to a record 46 million last year, the government said on Tuesday, underscoring the challenges facing President Barack Obama and Congress as they try to tackle high unemployment and a moribund economy. The Census Bureau's annual report on income, poverty and health insurance coverage said the national poverty rate climbed for a third consecutive year to 15.1 percent in 2010 as the economy struggled to recover from the recession that began in December 200 ...
September 11: 10 Years Later
Post Date: 2011-09-11 22:14:06 by Hondo68
From Mark McHugh of Across The Street No doubt September 11, 2001 changed everything. But the business of actually measuring those changes has been as overlooked by most as the nationalities of the hijackers. The following is presented in the interest of truth, justice and the American way. Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. ~Benjamin Franklin
Comprehensive List of Obama Tax Hikes - Which one of these tax hikes will destroy the most jobs?
Post Date: 2011-09-08 20:53:55 by Hondo68
(Get your Obama Big Speech Bingo cards here) Since taking office, President Barack Obama has signed into law twenty-one new or higher taxes: 1. A 156 percent increase in the federal excise tax on tobacco: On February 4, 2009, just sixteen days into his Administration, Obama signed into law a 156 percent increase in the federal excise tax on tobacco, a hike of 61 cents per pack. The median income of smokers is just over $36,000 per year. 2. Obamacare Individual Mandate Excise Tax (takes effect in Jan 2014): Starting in 2014, anyone not buying qualifying health insurance must pay an income surtax according to the higher of the following 1 Adult 2 ...
Debt Hobbles Older Americans .
Post Date: 2011-09-08 11:09:09 by war
More Americans are reaching their 60s with so much debt they can't afford to retire. Most people used to pay off their debts before retiring. But as wages have barely kept up with rising prices over the past 35 years Americans have pushed debt higher, living beyond their means. Now, people are postponing retirement, cutting living standards or both. All kinds of debt held by this age group have risen, but the big problem is mortgages. Thirty-nine percent of households with heads aged 60 through 64 had primary mortgages in 2010 and 20% had secondary mortgages, including home-equity lines, according to research group Strategic Business Insights' MacroMonitor. That was up from just ...
Randy Wray: Helicopter Ben – How Modern Money Theory Responds to Hyperinflation Hyperventilators
Post Date: 2011-09-08 00:24:07 by lucysmom
In the first part of this series on hyperinflation I addressed the critics view that if Modern Monetary Theory were adopted, this would inevitably lead to hyperinflation. I argued that this is obviously falseMMT describes how any sovereign government that issues its own currency spends. Theyve all done it for the past 4000 years at least as Keynes put it. All modern sovereign governments spend by keystrokesmaking electronic entries onto balance sheetswhat most critics somewhat misleadingly call printing money. There is no other way to spend a sovereign currency into existence. Only the sovereign government can create it. If ...
Obamanomic News: Happy Hopey-Changey, Stores Trim Holiday Hiring
Post Date: 2011-09-07 14:25:04 by Happy Quanzaa
More Bad News on Jobs: Stores Trim Holiday Hiring Dont expect a big boost in hiring from the retail sector during the holiday season, according to the results of a survey released Tuesday. Although the vast majority of retailers some 68 percent plan on keeping holiday hiring at roughly the same level as last year, a quarter expect to trim hiring plans for seasonal workers, according to an annual hiring survey conducted by the Hay Group, a global management consultancy. Thats a greater number than last year, when 17 percent of the retailers Hay surveyed said they would scale back hiring. Three months ago
people were extremely optimistic about the ...
Obama to propose $300 billion jobs package (tax cuts for the rich, trickle down; Voodoo Economics)
Post Date: 2011-09-07 13:38:09 by Hondo68
Members of the audience listen to U.S. President Barack Obama speak at a Labor Day event in front of General Motors Headquarters in Detroit, September 5, 2011. WASHINGTON (Reuters) - President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job- creating package, U.S. media reported on Tuesday. The price tag of the proposed package, to be announced by Obama in a nationally televised speech to Congress on Thursday, would be offset by other cuts that the president would outline, CNN reported, citing Democratic sources. Bloomberg News said the plan would inject more than $300 billion ...
Obamanomics Report: Real Unemployment Rate Rose in August to 16.2% -- 26 Million People
Post Date: 2011-09-06 16:38:17 by Happy Quanzaa
Real Unemployment Rate Rose in August to 16.2% -- 26 Million People (CNSNews.com) The real unemployment rate actually rose in August, according to the Department of Labor, belying the fact that the official unemployment rate, 9.1 percent, remained flat while the economy did not create any new jobs on net last month. According to the data from the Bureau of Labor Statistics, real unemployment rose to 16.2 percent in August, up from 16.1 percent in July and tying the 2011 record set in June. The real unemployment rate is comprised of three different measures of the labor force that more accurately reflect who is really unemployed, as opposed to the official unemployment rate, which ...
FTSE 100 sees £49bn wiped off shares on euro fears and bank lawsuit
Post Date: 2011-09-05 19:24:35 by Happy Quanzaa
Forty-nine billion pounds was wiped off the value of the UK's leading shares on Monday following renewed fears over the health of the British economy and concerns over the fate of British banks being sued by US regulators. Traders said the market turmoil on Monday could mark the beginning of another volatile week forthe markets The FTSE 100 tumbled 3.6pc - 189.45 points - to close at 5,102.58 after investor confidence was knocked by an unexpectedly sharp fall in services sector growth in August. The Markit/CIPS services purchasing managers' index fell to 51.1 in August from 55.4 in July, the biggest drop since the foot and mouth crisis a decade ago. Economists were alarmed by the ...
The Decline of Manufacturing in America: A Case Study
Post Date: 2011-09-05 10:06:07 by lucysmom
One frequent and frustrating line that often crops up in the comments section of this blog is that American labor has no hope, it should just accept Chinese wages, since price is all that matters. That line of thinking is wrongheaded on multiple levels. It assumes direct factory labor is the most important cost driver, when for most manufactured goods, it is 11% to 15% of total product cost (and increased coordination costs of much more expensive managers are a significant offset to any cost savings achieved by using cheaper factory workers in faraway locations). It also assumes cost is the only way to compete, when that is naive on an input as well as a product level. How do these ...
Obamanomics Report: Asian stocks down on lousy US jobs report
Post Date: 2011-09-05 04:41:57 by Happy Quanzaa
Asian stocks down on lousy US jobs report From the Associated Press: Asian stock markets took a beating Monday after U.S. job creation ground to a halt in August, reviving fears of a recession in the worlds largest economy. Japans Nikkei 225 stock average was down 1.7 percent at 8,797.89 with sentiment also undermined by the persistent strength of the yen against the dollar, which hurts exporters. Australias S&P/ASX 200 fell 2.2 percent to 4,148.50 and South Koreas Kospi slid 3 percent to 1,811.44. Hong Kongs Hang Seng fell 2.2 percent to 19,768.09. Benchmarks in Singapore, Taiwan, the Philippines and mainland China were also down. Companies that ...
Wikileaks Discloses The Reason(s) Behind China's Shadow Gold Buying Spree
Post Date: 2011-09-04 18:26:31 by Hondo68
Wondering why gold at $1850 is cheap, or why gold at double that price will also be cheap, or frankly at any price? Because, as the following leaked cable explains, gold is, to China at least, nothing but the opportunity cost of destroying the dollar's reserve status. Putting that into dollar terms is, therefore, impractical at best, and illogical at worst. We have a suspicion that the following cable from the US embassy in China is about to go not viral but very much global, and prompt all those mutual fund managers who are on the golden sidelines to dip a toe in the 24 karat pool. The only thing that matters from China's perspective is that "suppressing the price of gold is ...
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