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Rutgers: Erasing this deficit will require substantial and sustained employment growth. Even if the nation could add 2.15 million private-sector jobs per year starting in January 2010, it would need to maintain this pace for more than 7 straight y
A recently declassified, formerly Confidential, 30 year old memo prepared by Henry Owen for President Jimmy Carter's eyes only, highlights the perils facing the United States if oil were to be priced in SDRs instead of dollars, a topic which is all t
The National Retail Federation threw some cold water on the holiday:WASHINGTON--(BUSINESS WIRE)--The National Retail Federation today released its 2009 holiday forecast, projecting holiday retail industry sales to decline one percent this year to $43
Take a look around the corner. Millions of adjustable-rate mortgages are going to reset in the coming years, possibly to higher interest rates, creating the prospect of a new round of foreclosures.
America's most independent talk show host. Part One: America’s Economic Crisis: What Happened? A Series of Short Video Comments to Help You Survive and Profit from the Coming Dollar Meltdown!
For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise.
If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have a very natural
The pay package given to Freddie Mac's new chief financial officer should have sent a message from Washington to corporate America about how executive compensation standards must change. Instead, it did just the opposite. The government-controlled
US Homeland Security Secretary Janet Napolitano said her department has received the green light to hire up to 1,000 cybersecurity experts over the next 3 years. “This new hiring authority will enable us to recruit the best cyber analysts, developers
"And here we go..."
(From an email to me) "Beginning 1 year after enactment of the Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act" Here's the link to the bill
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YOUCH. Headlines: 263,000 "jobs lost" and unemployment rate up to 9.8%.
.S. stocks tumbled as a gauge of manufacturing unexpectedly dropped and jobless claims increased more than forecast, adding to concern the seven-month rally in equities has outpaced prospects for an economic recovery.
The Treasury Department's long-delayed initiative to purchase toxic assets from financial firms launched Wednesday, nearly a year after Congress authorized the government to tackle what once was billed as the most critical problem facing the banking
It would be a miracle if trillions of dollars of debt could be wiped out with one stock market crash and be succeeded by a new bull market driven by another large offering of credit by the Fed. But such a central bank-engineered miracle today is i
US consumer confidence fell unexpectedly in September, suggesting Americans are not as convinced as US policymakers of an economic recovery.
"This Book is Truly a Must Read" - Ron Paul
U.S. banking regulators proposed on Tuesday that banks prepay three years of fees to help cover the rising cost of bank failures, now put at $100 billion through 2013. Banks would prepay $45 billion of regular quarterly assessments under the plan,
Now that taxpayers are Citigroup’s biggest shareholder, owning 36% of common stock, it is time for the company and its foundation to end its relationship with ACORN and its affiliates
Spain is sliding into a full-blown economic depression with unemployment approaching levels not seen since the Second Republic of the 1930s and little chance of recovery until well into the next decade, according to a clutch of reports over recent da
State treasurer Dean Martin held an informal town hall meeting in Page on Saturday evening, but the news was not very cheerful as he told a small audience at City Hall that the state of Arizona is broke. Actually, it’s more than broke; it’s in debt.
Americans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces
Ambrose Evans-Pritchard has joined the team that is aware that there is no growth in money supply and that many loan numbers are crashing.
Stocks fell on Friday as investors wrestled with disappointing data on durable goods orders and housing. Economic reports showed that new orders for long-lasting U.S. manufactured goods fell by their biggest margin in seven months, while August sales
The House voted Friday to keep federal agencies funded through the end of October, as the end of the government's fiscal year looms and the appropriations process is nowhere near complete. The chamber approved, with a mostly party-line vote of 217
U.S. regulators say the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions. The Shared National
Nearly 15 million Americans are jobless, and the number is widely expected to remain high even as the economy slowly begins to recover. Part of the problem many of the unemployed face: the very fact that they have been out of work a long time.
In order to enhance food safety and food security; promote cultural and ecological health and diversity; and, accelerate the transition from an economy based on extraction and consumption to an economy based on preservation and restoration, we do her
Standards of Living will fall Economic Armageddon!
