Latest Articles: Economy
Ben Bernanke Tries To Convince America That The Federal Reserve Is Good And The Gold Standard Is Bad
Post Date: 2012-03-21 11:54:55 by Hondo68
Ben Bernanke has decided that he needs to teach all of us why the Federal Reserve is good for America and about why the gold standard is bad. On Tuesday, Bernanke delivered the first of four planned lectures to a group of students at George Washington University. But that lecture was not just for the benefit of those students. Officials at the Fed have long planned for this lecture series to be an opportunity for Bernanke to "educate" the American people about the Federal Reserve. The classroom was absolutely packed with reporters and just about every major news organization is running a story about this first lecture. So the Federal Reserve is definitely getting the publicity ...
As Chuck E. Cheese Goes So Goes America (Brawls)
Post Date: 2012-03-16 11:45:24 by Hondo68
Why are wild brawls breaking out at Chuck E. Cheese restaurants all over the United States? Sadly, the epidemic of Chuck E. Cheese fights that we have seen in recent months is just another symptom of what is happening to America on a larger scale. The truth is that the fabric of our society is slowly but surely coming apart, and the rest of the world is laughing at us. But it is really sad to see Chuck E. Cheese become known more for brawls than for entertainment. When I was a kid, I loved to go to Chuck E. Cheese. The combination of pizza, arcade games and animatronic music shows was irresistible. But if you go to Chuck E. Cheese today, there is a chance that you might get taken out of ...
CBS Report: Real Inflation = 8%
Post Date: 2012-03-01 13:05:50 by Capitalist Eric
Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research. The not-for-profit research group measures inflation without looking at the big, one-time purchases that can skew the numbers. That means they don't look at the price of houses, furniture, appliances, cars, or computers. Instead, AIER focuses on Americans' typical daily purchases, such as food, gasoline, child care, prescription drugs, phone and television service, and other household products. The institute contends that to get a good read on ...
Ayn Rand Worshippers Should Face Facts: Blue States Are the Providers, Red States Are the Parasites
Post Date: 2012-02-29 11:41:03 by lucysmom
Last week, the New York Times published a widely discussed article updating an argument that progressive bloggers noticed a very long time ago. It's now well-understood that blue states generally export money to the federal government; and red states generally import it. Progressives believe in the redistribution of wealth, so we're not usually too upset by this state of affairs. Thats what it means to be one country. E pluribus unum, and all that. Were happy to help, because we think weve got a stake in making sure kids in rural Alabama get educations and seniors in Arizona get healthcare. Whats good for them is good for all of us. We also like to think ...
The U.S. Fantasy Economy Is Coming to an End [Consumer "Sentiment" = Mass Delusion]
Post Date: 2012-02-28 21:46:20 by Capitalist Eric
U.S. Economy Extend and Pretend is Coming To An End The real world revolves around cash flow. Families across the land understand this basic concept. Cash flows in from wages, investments and these days from the government. Cash flows out for food, gasoline, utilities, cable, cell phones, real estate taxes, income taxes, payroll taxes, clothing, mortgage payments, car payments, insurance payments, medical bills, auto repairs, home repairs, appliances, electronic gadgets, education, alcohol (necessary in this economy) and a countless other everyday expenses. If the outflow exceeds the inflow a family may be able to fund the deficit with credit cards for awhile, but ultimately running a ...
George Osborne: UK has run out of money [Natural Result of Socialism]
Post Date: 2012-02-27 17:12:49 by Capitalist Eric
Mr Osborne is under severe pressure to boost growth, amid signs the economy is slipping back into a recession. In a stark warning ahead of next months Budget, the Chancellor said there was little the Coalition could do to stimulate the economy. Mr Osborne made it clear that due to the parlous state of the public finances the best hope for economic growth was to encourage businesses to flourish and hire more workers. The British Government has run out of money because all the money was spent in the good years, the Chancellor said. The money and the investment and the jobs need to come from the private sector. POLL RESULTS: What should George Osborne do to ...
Financial Markets 2012: Bombs... er Government Bonds, Fiat Currencies and Gold [GLOBAL ECONOMY COLLAPSE CONTINUES]
Post Date: 2012-02-27 17:03:50 by Capitalist Eric
The UNFOLDING destruction of the developed world's economies and financial/currency systems continues apace. Public servants are trying to defy Mother Nature with the stroke of a pen; she will not yield to this. Radical Marxist POLITICAL solutions to practical problems are at the end of their collective ropes (double entendre intended). You CANNOT store wealth in paper, PERIOD. Those who do will get what they deserve: NOTHING. It has been and will be printed endlessly from this point forward as Socialist government policies have destroyed wealth creation and substituted Ponzi asset-backed economies in their place. Now those economic models have reached their COLLECTIVE endpoints. ...
Gas Prices Signal Tsunami of Inflation
Post Date: 2012-02-27 15:13:34 by Capitalist Eric
A good friend of mine, who has family living abroad, called me this weekend. One of the first things out of his mouth was about his sister in London and how she was dealing with terrible inflation. No doubt he was talking about the spike in gasoline prices that have risen to more than $8 a gallon. (The official inflation rate in the UK is around 3.6%, but Im sure the numbers over there are as reliable as the inflation numbers in the U.S. where fuel and food are not counted in the so-called core inflation.) Part of this price spike is due to Iran cutting off crude oil shipments to the EU recently, but part of it is the fact the UK has been engaging in ...
Obamanomic Report: Obama owns these gas prices
Post Date: 2012-02-25 05:47:00 by Happy Quanzaa
With the average price of a gallon of gasoline rising 40 cents just last week, President Obama attacked Republicans yesterday, trying to distract voters from his own failed energy policy. The American people arent stupid, Obama said You know there are no quick fixes to this problem. And Obama is right. There are no quick fixes to this problem. But Obama has been in office for three years now. There is plenty the federal government can do to lower gas prices in three years. Problem is, everything Obama has done on energy has been designed to increase Americans pain at the pump. Immediately after taking office in 2009, Obama canceled 77 leases for oil and ...
Gasoline Prices Are Not Rising, the Dollar Is Falling (Obamanomics)
Post Date: 2012-02-24 11:49:50 by Hondo68
Panic is in the air as gasoline prices move above $4.00 per gallon. Politicians and pundits are rounding up the usual suspects, looking for someone or something to blame for this latest outrage to middle class family budgets. In a rare display of bipartisanship, President Obama and Speaker of the House John Boehner are both wringing their hands over the prospect of seeing their newly extended Social Security tax cut gobbled up by rising gasoline costs. Unfortunately, the talking heads that are trying to explain the reasons for high oil prices are missing one tiny detail. Oil prices arent high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0 ...
The Health Care Spending Paradox
Post Date: 2012-02-23 15:06:58 by lucysmom
Amid all the debate concerning the morality, legality, and feasibility of health-care reform, the United States faces a central paradox in its health-care system: we spend more than any other industrialized country on health, yet we rank among the lowest in many dimensions of health. Our health-care spending is more than 17 percent of our gross domestic product, nearly double the spending in many other industrialized countries. But we rank far below most of these same nations in measures of life expectancy, infant mortality, and maternal mortality, among other key statistics. The huge costs and poor outcomes are difficult for Americans to fathom, and we have been eager for decades to reform ...
Obamanomic Report: FL Drivers Shelling Out Nearly $6/gal @ Some Gas Stations
Post Date: 2012-02-22 15:09:10 by Happy Quanzaa
TAMPA (CBS Tampa) Talk about pain at the pump! Some Florida drivers are spending nearly $6 a gallon to fill up their gas tanks. According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesnt get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular. Prices over in the Disney World area are much higher than any other place in Florida, Jessica Brady, AAA spokeswoman, told CBS Tampa, adding that people regularly complain about gas prices in that area. The Sunshine State is opening up its wallet, paying ...
The Price Of Gas Is Outrageous – And It Is Going To Go Even Higher (Obongonomics)
Post Date: 2012-02-20 11:13:15 by Hondo68
Does it cost you hundreds of dollars just to get to work each month? If it does, you are certainly not alone. There are millions of other Americans in the exact same boat. In recent years, the price of gas in the United States has gotten so outrageous that it has played a major factor in where millions of American families have decided to live and in what kind of vehicles they have decided to purchase. Many Americans that have very long commutes to work end up spending thousands of dollars on gas a year. So when the price of gas starts going up to record levels, people like that really start to feel it. But the price of gas doesn't just affect those that drive a lot. The truth is that ...
Obamanomic Report: $4+/gal by June
Post Date: 2012-02-14 09:40:11 by Happy Quanzaa
Gas prices' earliest-ever rise above $3.50 a bad sign for motorists American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year. In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn't climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6. But $3.50 a gallon gasoline is already ...
Obamanomic Report: Barry admits recovery 1-2 years away-Unemployed carpenter: "He’s a lying SOB”
Post Date: 2012-02-13 09:49:54 by Happy Quanzaa
The public President Obama, bubbly in his reelection campaigning about a recovering U.S. economy, isnt as optimistic in private, telling a select few that it will likely take up to two years for any recovery to click in. A letter provided to Washington Secrets from Obama to a long-unemployed Portland, Maine carpenter pulls back the curtain of economic hope to reveal the truth about the stagnant economy. I wont lie to you, Obama penned in hand to Charles Oliver in October. It will probably take another year or two to fully dig our way out of this hole. Oliver had written the president in June to ask: Are we as Americans going to be alright? ...
Greeks Channel Hippocrates in Hospital Superbug Fight as Crisis Saps Funds
Post Date: 2012-02-10 10:39:54 by lucysmom
Greek doctors are fighting a new invisible foe every day at their hospitals: a pneumonia-causing superbug that most existing antibiotics cant kill. The culprit is spreading through health centers already weighed down by a shortage of nurses. The hospital-acquired germ killed as many as half of people with blood cancers infected at Laiko General Hospital, a 500-bed facility in central Athens. snipThe culprit is spreading through health centers already weighed down by a shortage of nurses. The hospital-acquired germ killed as many as half of people with blood cancers infected at Laiko General Hospital, a 500-bed facility in central Athens. The drug-resistant K. pneumoniae bacteria ...
David Graeber’s Debt: My First 5,000 Words
Post Date: 2012-02-09 10:44:22 by lucysmom
In the final lines of his introduction to Debt: The First 5,000 Years, David Graeber writes that [f]or a very long time, the intellectual consensus has been that we can no longer ask Great Questions. And as he put it in a guest post over at Savage Minds: The aim of the book was to write the sort of book people dont write any more: a big book, asking big questions, meant to be read widely and spark public debate
[T]he credit crisis and near collapse of the global economy in 2008afforded the perfect opportunity. In the wake of the disaster, it was as if suddenly, everyone wanted to start asking big questions again. Even The Economist, that bastion of ...
Obamanomics in Action: Dependency Index Surges 23% Under Barry
Post Date: 2012-02-08 10:32:55 by Happy Quanzaa
The American public's dependence on the federal government shot up 23% in just two years under President Obama, with 67 million now relying on some federal program, according to a newly released study by the Heritage Foundation. The conservative think tank's annual Index of Dependence on Government tracks money spent on housing, health, welfare, education subsidies and other federal programs that were "traditionally provided to needy people by local organizations and families." The increase under Obama is the biggest two-year jump since Jimmy Carter was president, the data show. The rise was driven mainly by increases in housing subsidies, an expansion in Medicaid and ...
Make Unemployed Youth Work For Free: Davos Delegates
Post Date: 2012-02-04 10:23:50 by lucysmom
Young people should work for free for up to two years to gain experience, youth and business leaders said at the World Economic Forum in Davos Thursday. A new UN resolution to enshrine the importance of a couple of years of voluntary work for young people was urged by delegates including Maurice Lévy, chairman and chief executive of Publicis Groupe, as part of a CNBC-moderated debate on how to avert a lost generation of unemployed youth. Its a bad idea which fails to recognize the heterogeneity of the population, Peter Diamond, economics professor at the Massachusetts Institute of Technology, said. These would be wasted years for some. The world ...
Government Math: How to Cook the Books for Barry & Deliver Bogus Unemployment Numbers
Post Date: 2012-02-03 10:36:46 by Happy Quanzaa
Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in ...
Only 36% are stupid enough to approve Obamanomics
Post Date: 2012-02-02 11:56:14 by Happy Quanzaa
Obama's Economic Approval Just 36 Percent February 2, 2012 10:46am 40 Comments Obama's Economic Approval Just 36 Percent byPaul Bedard In another indication of the difficulty President Obama's reelection campaign faces, only 36 percent of likely voters grade the administration's handling of the economy at good or excellent, according to a new Rasmussen poll. In a national survey of 1,000 likely voters January 31-February 1, a whopping 62 percent grade the president at fair to poor, with poor collecting the largest number: 45 percent. Still, Democratic officials say that they see a positive trend built on slightly better unemployment and housing numbers that could end up ...
First Lady Michelle Obama Cites 'Remarkable Progress' On The Economy
Post Date: 2012-02-01 20:47:11 by Murron
First Lady Michelle Obama Cites 'Remarkable Progress' On The Economy First Lady Michelle Obama cited "remarkable progress" on the economy during a speech for a small crowd of high-profile Hollywood names in Los Angeles on Tuesday evening. "In the last three years, we've worked hard to get out of this mess and we've made some remarkable progress," the first lady told a group of about 135 supporters at a private campaign event for her husband. She listed President Obama's accomplishments on healthcare reform, the removal of troops from Iraq and the repeal of "Don't ask, don't tell" among other items on the list of "promises ...
Pres. Obama is now accepting resumes at CareerDestroyer.com
Post Date: 2012-01-31 18:42:39 by Happy Quanzaa
NRCC @NRCC Reply Retweet Favorite · Open Pres. Obama is now accepting resumes at CareerDestroyer.com Promoted by NRCC Followed by Newt 2012 Campaign and others
Stressed? It’s the new normal
Post Date: 2012-01-29 10:34:28 by lucysmom
Are you feeling stressed right now? As 2012 gets under way, plenty of people would probably say “yes.” But when the American Psychological Association recently posed this question, the results were distinctly surprising.
Although 22 per cent of Americans described themselves as “very stressed”, this figure was slightly down on the previous year, when it was 24 per cent – and well below 2007, when it was 32 per cent. Indeed, the measured levels of stress have been dropping steadily over the past five years since the APA started its survey. In 2007, for example, the mean stress level was 6.2 per cent, whereas this year it was “only” 5.2 per cent.
At first glance, this looks odd. ...
Obamanomics in action::: 2011 GDP: 1.7%
Post Date: 2012-01-27 12:33:23 by Happy Quanzaa
2011 GDP: 1.7% That's the final, pathetic growth number for 2011. From the just-released GDP report: Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010. The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. Not exactly a barnburner. Now see...The 50 ...
Latest [Newer] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 [Older]