Archive for the 'Economy' Category
A Short Meditation on America’s Loss of Manufacturing
August 15th, 2011Via: Dissident Voice: By now most people are aware that the United States produces very little of its own furniture, carpeting, toys, textiles, shoes, electronics and appliances. Those once flourishing industries are a thing of the past. Indeed, hard as it may be to believe, a sizeable number of American flags are now made in […]
Paul Krugman on CNN: “If We Discovered That Space Aliens Were Planning to Attack… This Slump Would Be Over in 18 Months”
August 15th, 2011The Al Qaeda swindle isn’t working, so why not double down and shoot for the stars? Via: CNN Clip on YouTube: Paul Krugman wants to create a Keynesian-infused Space Alien Economic Bubble to revive the depressed one we have right now.
Author Claims Pentagon Can’t Account for $10 Trillion Since 1991
August 15th, 2011Via: Daily Ticker: You think Enron’s accounting was troubled? The Pentagon has very little accountability when it comes to its books. Since first submitting financial accounts in 1991, the Pentagon “has been unable to account for trillions of dollars, well over almost $10 trillion by my own account,” says Glain. Conspiracy theorists suggest this is […]
Georgia: Thousands Line Up for Free Dental Services
August 13th, 2011Via: Atlanta Journal Constitution: Thousands of people stood in line for free dental services Friday at a church in Woodstock. The two-day clinic at First Baptist Church of Woodstock on Hwy. 92 is being sponsored by the Georgia Dental Association and its Foundation for Oral Health. “The line went around the building, all the way […]
Choose Real Food
August 13th, 2011Via: Whole Health Source: The people who design government dietary guidelines are gagged by the fact that politics and business are so tightly intertwined in this country. Their advice will never directly target the primary source of obesity and metabolic dysfunction– industrially processed food– because that would hurt corporate profits in one of the country’s […]
Consumer Sentiment Drops to Three-Decade Low
August 12th, 2011Via: Bloomberg: Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was […]
Sarkozy, Merkel in Emergency Meeting
August 12th, 2011Via: AFP: French President Nicolas Sarkozy called a eurozone crisis meeting with his German counterpart while Italy promised cuts and tax hikes Thursday as its part in the battle to save the single currency. Merkel will travel next Tuesday to Paris for the meeting aimed at producing “joint proposals” by September on how to better […]
World Is Witnessing Financial WWIII
August 12th, 2011Via: Russia Today: Following the loss of the US’s triple-A credit score which sparked sell-offs on global markets, a new war using financial derivatives has been waged, which by no means can bear the name of WWIII, financial analyst Max Keiser told RT. Investors however remain unconvinced the country’s finances are solid enough. Problems in […]
Government Pays for Empty Flights to Rural Airports
August 12th, 2011Via: AP / San Francisco Chronicle: On some days, the pilots with Great Lakes Airlines fire up a twin-engine Beechcraft 1900 at the Ely, Nev., airport and depart for Las Vegas without a single passenger on board. And the federal government pays them to do it. Federal statistics reviewed by The Associated Press show that […]
France, Belgium, Italy and Spain Ban Short Selling
August 11th, 2011Via: New York Times: A European market regulator announced on Thursday night that short-selling of financial stocks in several countries would be temporarily banned in an effort to stop the tailspin in the markets. The European Securities and Markets Authority, a body that coordinates the European Union’s market policies, said in a statement that these […]
