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International News
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Title: Mcgowanjm Wire 2012
Source: [None]
URL Source: [None]
Published: Feb 26, 2012
Author: Various
Post Date: 2012-02-26 09:15:13 by A K A Stone
Keywords: None
Views: 1373355
Comments: 2390

Mcgowinjm Wire Service.

Post Comment   Private Reply   Ignore Thread  


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#598. To: A K A Stone (#0)

February 2012 Case-Shiller Home Price Decline Less Badly Posted on 24 April 2012 by Steven Hansen

That's the English language being tortured above.

If I wrote that title, my prof would send the essay back....;}

I clicked on the article to see if the author was genuine...he was....8D

Real Title:

Case/Shiller Housing Index Worst Ever Reading. Back to 1985 pricing.

mcgowanjm  posted on  2012-04-25   8:59:22 ET  Reply   Trace   Private Reply  


#599. To: All (#598)

Here is the Atlantic Wire with the story:

A new study says that for the first time since the Great Depression, there may be fewer Mexican immigrants coming into the United States than there are moving from the United States back to Mexico. According to the Pew Research Center, the net migration between the U.S. and Mexico over the last five years was essentially zero, and the downward trend suggests that flow of both legal and illegal immigrants may have actually reversed back toward Mexico

There have also been big increases in enforcement, deportations, and border security, although the report also says that arrests of illegal immigrants trying to cross the border has actually plummeted by nearly 75%. Whether that's because fewer people want to come here or they just don't think it's worth the risk is hard to pin down, but the number of folks willing to take the chance is definitely declining..billhicksisdead

mcgowanjm  posted on  2012-04-25   9:03:36 ET  Reply   Trace   Private Reply  


#600. To: All (#599)

There are 240 million voting age Americans. About 130 million will likely vote in the 2012 election based upon recent voter participation results. This means that 110 million Americans don’t give a crap about who runs this country or they’ve come to their senses and realize our votes don’t matter.

Between 1840 and 1900 voter participation ranged between 70% and 82% as Americans took their civic duty seriously and believed their vote counted. Since 1913, when the politicians relinquished control of our currency to a private bank controlled by a small group of powerful men, voter participation for President has ranged between 49% and 62%.

It hasn’t surpassed 57% since 1968.

www.theburningplatform.com/?p=32878

mcgowanjm  posted on  2012-04-25   9:08:29 ET  Reply   Trace   Private Reply  


#601. To: All (#600)

" So the USA seems to be pottering on in its own way with the lobbyists and Wall Street fixing it with the President to ignore a Congress which they have bought anyway whilst a Presidential election is going on.

But all is not well there and the stresses are beginning to show. Whilst the Empires of Europe have long crumbled into corrupt foreign adventurism the USA could well be soon at the point when the policy engine of Manifest Destiny, central to its thinking since 1823 goes into reverse.

My Edit: Great 1820 Map of North America....;}

thecynicaltendency.blogsp...-of-manifest-destiny.html

mcgowanjm  posted on  2012-04-25   9:09:43 ET  Reply   Trace   Private Reply  


#602. To: All (#600)

"Neither party wants the American people to understand the truth about what happened to our economy and jobs over the last 100 years. It has been a bipartisan screw job and ignoring the facts doesn’t change them.

The first fact that can’t be ignored is how many Americans are actually unemployed today. Here is some truth you won’t get from a politician or media talking head:

* There are 243 million working age Americans.

* There are 142 million employed Americans.

* Only 101 million of the employed Americans are working more than 35 hours per week. This means that only 41.6% of all working age Americans have a full-time job.

* According to the government drones at the BLS, 88 million Americans have “chosen” to not be in the labor force – the highest level in U.S. history.

* The percentage of Americans in the workforce at 63.8% is the lowest since 1980 and down from a peak of 67.1% in 2000. The difference between these two percentages is 8 million Americans.

* The BLS reports there are only 12.7 million unemployed Americans in the country, down from 15.3 million in 2009.

* The BLS reports the unemployment rate has dropped from 10% in late 2009 to 8.3% today. Over this time frame the working age population grew by 5.7 million, while the number of employed Americans grew by 3.6 million. Only a government drone could interpret this data and report a dramatic decline in the unemployment rate.

www.theburningplatform.com/?p=32878

mcgowanjm  posted on  2012-04-25   9:48:02 ET  Reply   Trace   Private Reply  


#603. To: All (#602)

Britain's economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012, heaping pressure on Prime Minister David Cameron's government as it reels from a series of political missteps."

Translation:

Since Britain never left Recession 2007, it's now in a Depression.

mcgowanjm  posted on  2012-04-25   9:50:13 ET  Reply   Trace   Private Reply  


#604. To: All (#603)

And you wouldn't know over here in the USSA that Murdoch's career is over.

"Britain's Conservative-Liberal Democrat coalition has seen its support crumble after weeks of criticism over unpopular tax measures in last month's budget, and is under further pressure from revelations about its close links with media tycoon Rupert Murdoch.

mcgowanjm  posted on  2012-04-25   9:51:40 ET  Reply   Trace   Private Reply  


#605. To: All (#604)

This data is so twisted that there is absolutely no doubt the Federal Government is purposely manipulating the numbers to make the economic situation appear better than the reality.

During the Great Depression propaganda and spin had not been perfected. There weren’t multiple definitions of unemployment designed to confuse and mislead the public. The peak level of unemployment in the 1930s was 25%. The current reported level is 8.3%.

On a comparable basis to the 1930s, including short-term discouraged workers, those forced to work part-time, and the long-term discouraged workers which were defined out of existence in 1994 by the BLS, the real unemployment rate is 22% today. It feels like a depression for millions of Americans because it is a depression.

www.theburningplatform.com/?p=32878

mcgowanjm  posted on  2012-04-25   10:51:54 ET  Reply   Trace   Private Reply  


#606. To: All (#605) (Edited)

Less than 1/2 of 2012 college grads will get jobs.

mcgowanjm  posted on  2012-04-25   11:03:33 ET  Reply   Trace   Private Reply  


#607. To: Fred Mertz (#595)

I saw Arkansas took another former Louisville football coach

You're not the first to notice that...;}

'A bit zany' has definitley made the rounds...;}

AD Long had a choice:

1) Spend Big on a coach who would bring in his own people.

2) Keep the Top 5 program on track thru 2012.

As long as he has good 'time out' skills.

And the Flagship has a butt load of money (Petrino left $20 million on the table) and the entire Razorback (WalMart/Tyson/Donrey) foundation is on board.

We'll be there at Bowl time....;}

mcgowanjm  posted on  2012-04-25   12:09:25 ET  Reply   Trace   Private Reply  


#608. To: Brian S (#596) (Edited)

Nice and decent fellow but lousy coach while at MSU.

Heard that as well.

It's why JLS has 'interim' in his title.

He loses to LSU/Bama/ and 2 others and we'll be satisfied.

If he beats either and only loses 2, well, that's the cut off.

mcgowanjm  posted on  2012-04-25   12:12:15 ET  Reply   Trace   Private Reply  


#609. To: Fred Mertz (#597)

I really didn't pay attention to John L. after he departed but your comments stir up some vague memories of his time at MSU.

The take away for me is that MSU thought he was qualified to begin with....;}

mcgowanjm  posted on  2012-04-25   12:14:00 ET  Reply   Trace   Private Reply  


#610. To: mcgowanjm (#607)

We'll be there at Bowl time....;}

I hope so and good luck next season.

Better luck on picking a Kentucky Derby winner this year. The exotic bet payouts will be sky high. I hope lady luck smiles upon me this year.

I shouldn't say this but Petrino's girlfriend's choppers could rival some Derby starters this year;^)

Fred Mertz  posted on  2012-04-25   12:16:45 ET  Reply   Trace   Private Reply  


#611. To: A K A Stone (#0)

When Newscorp’s lobbyist Frederic Michel referred to Hunt’s tip-off about progress as ‘illegal actually!’ James Murdoch told Leveson Counsel Robert Jay, “Look, I don’t understand the niceties of Westminster…it was obviously just a joke”. But there is no greater sick joke in 2012 than the way these profoundly disgusting people – Murdoch, Michel, Hunt, Cameron – expect us to believe such obvious rubbish.

We should not see these soon-to-be cadavers cavorting about on the scaffold as in any way unrelated to the social, fiscal, financial, and economic problems of the West in general and Europe in particular. They are all part of the same decadent, obscenely degenerate Undead running the affairs of our unfortunate planet Earth:

Blankfein, Lagarde, Sarkozy, Draghi, Merkel, Geithner, Putin, Swan, Gillard, Mandelson, van Rompuy, Diamond and a few thousand others determined to do for us – we know not why. But until they are all a distant, nigthmarish memory, we will never have charge of our own destinies again.

hat4uk.wordpress.com/

mcgowanjm  posted on  2012-04-25   22:20:09 ET  Reply   Trace   Private Reply  


#612. To: A K A Stone (#0)

The mass media exist to control the masses by shaping our perceptions of reality. The pap they feed us switches off our brains, so we can’t analyze society as a system. Instead of thought, we are offered a dazzling array of personal emotions and sensory stimulation to distract us from the bleak reality of our lives.

Through entertainment and news the media fixates us on physical violence, so we don’t perceive the structural violence that causes it. We get lurid, fear-arousing accounts of violence committed by ghetto youths and Muslim guerrillas accompanied with commentaries calling for tough measures to combat these vicious berserkers. We get no accounts of the structural violence of poverty and oppression that capitalism and imperialism have created there. It’s this built-in structural violence that generates the physical violence."

dissidentvoice.org/2012/0...days-of-the-lilliputians/

mcgowanjm  posted on  2012-04-26   7:42:02 ET  Reply   Trace   Private Reply  


#613. To: All (#612)

Greece goes from 10% of it's GDP on war,

to

2.2% per France/German war spending

and Greece has no default/insolvency problem.

mcgowanjm  posted on  2012-04-26   7:44:06 ET  Reply   Trace   Private Reply  


#614. To: Fred Mertz (#610)

I shouldn't say this but Petrino's girlfriend's choppers could rival some Derby starters this year;^)

Volleyball women are sleek thoroughbreds.

They're legs are to die for....;}

mcgowanjm  posted on  2012-04-26   7:48:07 ET  Reply   Trace   Private Reply  


#615. To: All (#614)

European Confidence Tumbles To November 2009 Levels, Euro-Wide Double Dip Inevitable Tyler Durden's picture Submitted by Tyler Durden on 04/26/2012 05:52 -0400

mcgowanjm  posted on  2012-04-26   8:10:41 ET  Reply   Trace   Private Reply  


#616. To: All (#615)

Note how the Markets began celebrating the Greater Depression.

These and other 'Depression' articles come out just as the Markets go Zombie, where they are to this day.

#

# Simon Johnson:Is Europe on the Verge of a Depression, or a Great ... economix.blogs.nytimes.co...ge-of-a-depressi...Cached

Nov 10, 2011 – If European leaders cannot agree on how to stabilize their financial system, chaos and inflation seem sure to follow, an economist writes.

Europe crisis hit with 'deep depression' warning; every EU nation's ... economictimes.indiatimes.com › Budget 2012 › NewsCached

Nov 29, 2011 – According to OECD, crisis was now just one step away from plunging advanced economies into an abyss of recession & trigger waves of ...

mcgowanjm  posted on  2012-04-26   9:16:22 ET  Reply   Trace   Private Reply  


#617. To: A K A Stone (#0)

87 comments to State officials shut down shrimping in Gulf amid scientists finding deformities and ‘horrifying creatures’ — Media attributes closure to lesions, then retracts

* charlie3 April 26, 2012 at 10:14 am Log in to Reply

There was a time when the Gulf was like some picture of paradise, and immensely full of healthy sea and bird life. There was nothing better than a swim on the beach there. I can't believe how ugly we have made this planet over the course of my lifetime.

mcgowanjm  posted on  2012-04-26   21:35:36 ET  Reply   Trace   Private Reply  


#618. To: All (#617)

Someone just lost a fortune in the Mad Cow industry....;}

finviz.com/fut_chart.ashx?t=LC&cot=057642&p=m5

mcgowanjm  posted on  2012-04-26   21:36:33 ET  Reply   Trace   Private Reply  


#619. To: A K A Stone (#0)

"Lower-than-expected health care use has helped insurers in the past several quarters, and it factored into the 73 percent earnings gain Aetna reported in February for last year's fourth quarter. But Aetna and other insurers have said they expect use to return to more normal levels this year, which means they pay more claims, as consumers who were pinched during the recession start to feel more comfortable about their finances.....8D

"as consumers who were pinched during the recession start to feel more comfortable about their finances.....and realize they'll never get better...

FIFY....8D

mcgowanjm  posted on  2012-04-27   8:00:13 ET  Reply   Trace   Private Reply  


#620. To: All (#619)

Procter & Gamble Co. (PG) -NYSE

66.87 Apr 26, 4:01PM EDT|Pre-Market: 65.00 Down 1.87 (2.80%) 7:59AM EDT - Nasdaq Real Time Price

"The maker of Tide detergent and Olay skin cream says net income fell 16 percent to $2.41 billion, or 82 cents per share. That compares with $2.87 billion, or 96 cents per share last year.

Consumer product companies have been raising prices to deal with higher costs for materials like fuel and packaging.

Consumers unfazed by 'raising prices' because they feel better about the economy. And can print money and borrow all they need just like the banksters....;}

mcgowanjm  posted on  2012-04-27   8:04:47 ET  Reply   Trace   Private Reply  


#621. To: All (#620)

DEARBORN, Mich. (AP) -- Ford Motor Co. said Friday its net income fell by 45 percent in the first quarter as European sales plummeted and the company paid higher taxes.

The company announced it will try to cut its pension costs by offering lump-sum payments to about 90,000 U.S. white-collar retirees and former employees. Ford said it is the largest such offer in U.S. history. Payouts will start later this year and come from pension plan assets. Ford doesn't yet know how much the plan will cost....

but that doesn't matter because F can print money and borrow just like the banksters.....;}

mcgowanjm  posted on  2012-04-27   8:06:49 ET  Reply   Trace   Private Reply  


#622. To: mcgowanjm (#621)

but that doesn't matter because F can print money and borrow just like the banksters.....;}

You're cracking me up this morning. Thanks!

Fred Mertz  posted on  2012-04-27   8:19:59 ET  Reply   Trace   Private Reply  


#623. To: All (#621)

DEARBORN, Mich. (AP) -- Ford Motor Co. said Friday its net income fell by 45 percent in the first quarter as European sales plummeted and the company paid higher taxes

U.S. stock futures rose, indicating the Standard and Poor’s 500 Index will cap the biggest weekly rally in a month, amid better-than-estimated results at companies including Amazon (AMZN).com Inc. and Ford Motor Co. (F) .....

LMFAO

# Amazon Surges After Hours On After-Tax Accounting ... - Zero Hedge www.zerohedge.com/.../ama...hours-after-tax-account... You +1'd this publicly. Undo 15 hours ago – Either the algos are getting really stupid, or nobody cares at all about the quality of earnings any more. Case in point - Amazon, which was ...

Amazon Slides After Missing Revenues Expectations ... - Zero Hedge www.zerohedge.com/.../ama...-revenues-expect...Cached

Jan 31, 2012 – Amazon slides 10% after hours as it reports much weaker revenues of $17.43 billion on expectations of $18.26 billion. EPS are not really ...

Cost Cutting is CorpsSpeak for taking employees out back and shooting them.

mcgowanjm  posted on  2012-04-27   8:40:53 ET  Reply   Trace   Private Reply  


#624. To: Fred Mertz (#622)

;}

mcgowanjm  posted on  2012-04-27   8:48:46 ET  Reply   Trace   Private Reply  


#625. To: All (#624)

In a move to further ease and relax the consumer, the Markets have jointly confirmed that the color 'Red' will no longer be used for it's indicators.

'Black' and/or 'Green' are all we really need. 'Red' is superfluous. And thus un necessary....;}

Eurozone Retail Sales Plunge at Strongest Pace Since Late-2008; German Retail Sales Plunge Into Contraction; French Retail Sales Plunge at Record Pace; Record Job Losses, Record Retail Plunge in Italy

The word of the day is plunge. Retail sales fell like a rock in Germany and fell at a record pace in France. -Mish

mcgowanjm  posted on  2012-04-27   9:12:11 ET  Reply   Trace   Private Reply  


#626. To: All (#625)

Again Mish. This time about Greece taking money from accounts of suspected tax cheats....trials later....in other words, all accounts are criminal until proven otherwise...;}

"Anyone with any common sense has already pulled all of their money out of Greek banks. However, the unthinking masses probably have not. This move will without a doubt cause more than a few to worry about accusations, true or false, and in the case of the latter, the illegal confiscation of money.

Expect to see a further plunge in money kept at Greek banks. Also expect capital flight of another kind: human capital. With this kind of crackdown, anyone capable of leaving would be wise to leave Greece immediately."

" With this kind of crackdown, anyone capable of leaving would be wise to leave Greece immediately."

Back around 1935, the same warnings were given in Germany. On the Titanic, the first life boats left 1/2 empty.

mcgowanjm  posted on  2012-04-27   9:31:22 ET  Reply   Trace   Private Reply  


#627. To: All (#626) (Edited)

Triple digits scorch old high : San Angelo Standard Times www.gosanangelo.com/news/...pril-24-record/?...Cached

1 day ago – The normal high temperature for April 25 is 83 degrees. ... In 1925, San Angelo recorded 107 degrees on April 19, the highest ... And, yes, that will set another hot weather record (the old high for April 26 is 99, set in 1943).

RECORD EVENT REPORT NATIONAL WEATHER SERVICE SAN ANGELO TX 606 PM CDT THU APR 26 2012

...RECORD HIGH TEMPERATURE SET AT SAN ANGELO... ...RECORD HIGH TEMPERATURE TIED AT ABILENE... ...RECORD HIGH MINIMUM TEMPERATURE SET AT SAN ANGELO AND ABILENE...

A RECORD HIGH TEMPERATURE OF 105 DEGREES WAS SET AT SAN ANGELO TODAY. THIS BREAKS THE OLD RECORD OF 99 DEGREES SET IN 1943.

THE RECORD HIGH TEMPERATURE OF 96 DEGREES WAS TIED AT ABILENE TODAY. THIS TIED THE OLD RECORD OF 96 DEGREES SET IN 1984.

THE LOW TEMPERATURE OF 74 DEGREES BROKE THE OLD RECORD HIGH MINIMUM AT ABILENE OF 70 DEGREES SET IN 2009.

THE LOW TEMPERATURE OF 73 DEGREES BROKE THE OLD RECORD HIGH MINIMUM AT SAN ANGELO OF 72 DEGREES SET IN 1963.

mcgowanjm  posted on  2012-04-27   9:33:14 ET  Reply   Trace   Private Reply  


#628. To: mcgowanjm (#627)

RECORD EVENT REPORT NATIONAL WEATHER SERVICE SAN ANGELO TX 606 PM CDT THU APR 26 2012

...RECORD HIGH TEMPERATURE SET AT SAN ANGELO... ...RECORD HIGH TEMPERATURE TIED AT ABILENE... ...RECORD HIGH MINIMUM TEMPERATURE SET AT SAN ANGELO AND ABILENE...

Yes, quite warm yesterday at baseball practice, but it does get warm this time of year in Texas. By late May we no longer get "cool fronts" in Central TX.

Are you a global warming type?

As iron sharpens iron, So a man sharpens the countenance of his friend. -Proverbs 27:17 (NKJV)

redleghunter  posted on  2012-04-27   11:06:43 ET  Reply   Trace   Private Reply  


#629. To: redleghunter (#628)

but it does get warm this time of year in Texas. By late May we no longer get "cool fronts" in Central TX.

No need to explain Texas to me.

I was born there....;}

Texas and me have a history. And we get your weather about a month later in Arkansas.

And, yes, it gets warm in Texas in April. But not 100 degrees warm.

83's average. Get ready for an ABC Hurricane to break the drought in August.

mcgowanjm  posted on  2012-04-28   9:08:46 ET  Reply   Trace   Private Reply  


#630. To: All (#629)

Texas is losing trees.

Lots.

Ozone.

"And then to top it off, the "man who loves trees" almost as much as he loves himself had yet another stupid anthropocentric article in the HuffPo, to which I commented after this quote from him:

"They sweep air pollution out of the air in our cities and suburbs and clean water through their complex root system."

That's great, Jim Robbins. What happens to those trees that are absorbing our pollution through their leaves and roots? Ozone gives people cancer and other fatal diseases. It does even much worse things to trees. It rots their roots making them more vulnerable to drought and wind, and rots their interiors making branches break. Ozone and acid rain make them lose their natural resistance to insects, disease and fungus. Pollution lowers their production of nuts, seeds, and fruits so they can't reproduce. If you really care about trees so much, why not talk about that?

He of course blames warmer winters for bark beetles: "They are dying all around us in the American West. I came to realize what climate change can do to trees when bark beetles, their season lengthened by unusually warm winters, attacked trees on my 15 acres of pine forest in Montana," conveniently ignoring the fact that the first ever proven case of trees dying from bark beetle infestation, thanks to a compromised immunity from exposure to ozone, was from back in the 1950's in the extraordinarily polluted hills above Los Angeles, where it NEVER approaches extended winter freeze.

mcgowanjm  posted on  2012-04-28   9:10:18 ET  Reply   Trace   Private Reply  


#631. To: All (#630)

And one more thing the Bottom 90% don't get.

"#

#

Mike on Sat, 28th Apr 2012 6:43 am

We seem to have an obsession with “breaking points”. A while back many were claiming $100/barrel was the ugly horizon. We’ve been there a while.

I think we will continue to see roughly linear effect as prices rise (as they have been). Slow economy becomes more sluggish. We have seen demand fall off in developed countries WITHOUT the usual drop in prices. Other demand (Chindia) is stepping in to fill the gap.

I don’t know what the breaking point is, but the broke point is back under $2.00 a gallon with few buyers…because the economy has failed in a big way."

"I think we will continue to see roughly linear effect..."

Quantum Science replaces Newtonian Law. Once you've gone parabolic, you don't reach asymptote and then level out.

As you drop off the other side, as 'Mike on Sat' alludes to, your 'waste' catches up with you. You hit the 'fat tail' and begin Non Linear 'breaks'.

On the way down to baseline.

mcgowanjm  posted on  2012-04-28   9:14:28 ET  Reply   Trace   Private Reply  


#632. To: All (#631)

We seem to have an obsession with “breaking points”.

And I don't see hardly anyone obsessing over

'break points' which is another term for Non Linear.

Anyone who does is relegated to LaLa padded cells...;}

mcgowanjm  posted on  2012-04-28   9:16:10 ET  Reply   Trace   Private Reply  


#633. To: A K A Stone (#0)

The Bottom is in on Housing, the Recovery is here with the Economy,

so

go borrow some (more) money from your parents

and

start a business.....no source.....;}

mcgowanjm  posted on  2012-04-29   7:35:24 ET  Reply   Trace   Private Reply  


#634. To: A K A Stone, harrowup, wethepeople, All (#0)

#87. To: mcgowanjm (#81)

Great thread. I'm posting it to mcgowanjm wire.

Don't forget to source me as the reason it is great.

I'll trust you to comply since I don't read your wire or Brad's whatever.

Had enough trouble with Brad's Gramma already.

By the way, does anyone remember the time someone asked 'Brad' what was the scariest thing he ever heard? He said it's when "Gramma says Aunt Bee is Coming for the weekend.

Note to lurkers...that is bait so huge it might as well be C-4.

NOW, I must go to lunch.

harrowup posted on 2012-04-28

Consider yourself sourced, Hup....;}

http://libertysflame.com/cgi-bin...?ArtNum=29746&Disp=89#C89

"I'll trust you to comply since I don't read your wire or Brad's whatever." What a hoot....8D

mcgowanjm  posted on  2012-04-29   7:40:14 ET  Reply   Trace   Private Reply  


#635. To: All (#634) (Edited)

The arrest has prompted the worst diplomatic row between the two regional powerhouses since Saudi Arabia and other Arab countries broke off diplomatic ties with Egypt after it signed a peace deal with Israel in 1979. Diplomatic relations were restored in 1987.

Saudi Arabia said on Saturday it had recalled its ambassador from Egypt for "consultation" and would close its embassy and consulates in the Arab nation.

And 1987's 'reconciliation' is based on the Asymptote of USSA power....the price of gasoline...$.65 cents in Ft Worth....;}

www.randomuseless.info/gasprice/gasprice.png

mcgowanjm  posted on  2012-04-29   7:54:12 ET  Reply   Trace   Private Reply  


#636. To: All (#635)

The employees union for the workers at Orion Bus in Oriskany says that all 538 workers will be laid off sometime in the next two years, and that the layoffs are only a matter of when.

Tim Banas at the United Auto Workers Union said that at least 12 employees at Orion were laid off Thursday morning and that the company expects to lay off more in the days to come.

On Wednesday, Daimler announce that it would stop all production on new bus orders at the Oriskany-based company, but would continue bus maintenance work. This is why I am so convinced we are heading towards collapse. For years now we have been making all the wrong decisions at the worst possible time, and I see no reason why that will not continue.

mcgowanjm  posted on  2012-04-29   7:54:41 ET  Reply   Trace   Private Reply  


#637. To: All (#636)

Housing Crash Porn: One Million More Suckers Now Underwater

billhicksisdead.blogspot....sh-porn-one-million-mor...

We have arrived at the point where all of the biggest frauds preying upon working and middle class families are now a combined effort of the banks, big corporations and the federal government. Mortgages and student loans are just two of the largest such swindles--and they very much tie in together since those who have been saddled with large amounts of the latter can hardly afford to take out one of the former, even at these insanely low interest rates.

How any impartial observer can look at what is happening in these sectors as not realize that a huge crackup is coming is beyond my puny powers of comprehension.

Interest rates cannot fall much farther, and when they do finally start to rise, they are going to kill what little does remain of the housing market. Anyone inclined to believe the latest call from just this past week that "the bottom is in" and is planning to buy a house is a sheep not only about the be sheared but eventually slaughtered.

mcgowanjm  posted on  2012-04-29   9:53:50 ET  Reply   Trace   Private Reply  



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