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88%  
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Keyword: economy

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  • Watch Out for China Winning its 100-Year Marathon

    02/27/2015 5:05:27 AM PST · by Kaslin · 8 replies
    Townhall.com ^ | February 27, 2015 | Michael Barone
    In reflecting on relations between the United States and China, Henry Kissinger in his 2011 book, "On China," notes that since he and Richard Nixon ventured to Beijing more than 40 years ago, "Eight American presidents and four generations of Chinese leaders have managed this delicate relationship in an astonishingly consistent manner, considering the difference in starting points." Kissinger diplomatically avoids saying that almost every presidential candidate over the years has campaigned against the Nixon-Kissinger policy and is perhaps taking pride in the fact that every president has continued it. Forty-plus years is a long time for a democracy to...
  • Greenspan: Effective demand as weak as during Depression

    02/26/2015 5:41:52 PM PST · by Red in Blue PA · 25 replies
    The fact that the market is anticipating that the Federal Reserve will raise interest rates, yet the yields on the 10- and 30-year Treasurys are falling is an indication of how weak the overall global economy is, former Fed Chairman Alan Greenspan told CNBC on Thursday. In fact, effective demand is extraordinarily weak, he said. "The way I measure it, it's probably tantamount to what we saw in the later stages of the Great Depression," Greenspan said in an interview with "Closing Bell." That said, he acknowledged "it's not anywhere near what the problems were back then but we haven't...
  • Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels

    02/26/2015 7:31:52 AM PST · by SeekAndFind · 14 replies
    Zero Hedge ^ | 02/26/2015 | Tyler Durden
    One of the biggest question marks surrounding the Greek negotiation and ultimately, bailout extension, was just how panicked was the Greek population and domestic corporations. Recall that as explained previously, the tension boiled down to this: the Troika did everything in its power to accelerate the bank run in order to crush any negotiating leverage Varoufakis may have; Greece on the other hand was desperate to make its cash drain appear far better than rumored. Moments ago the Bank of Greece presented its latest, January, deposit data. And it's a doozy: following a record €12.2 billion monthly outflow, greater...
  • Christie and Walker take different paths on union issues

    02/25/2015 11:59:41 PM PST · by Cincinatus' Wife · 10 replies
    The State, South Carolina ^ | February 26, 2015 | Jill Covin and Scott Bauer in Madison,Steve Peoples in Washington, Michael Catalini in Trenton
    "You fight the good fight against Walker and he beats you," said Seth Markgraf, a 34-year-old construction worker from Arlington, Wisconsin. "They beat us in the recall and they beat us in another general election. It's just apathy. How do we beat Scott Walker?" TRENTON, N.J. — New Jersey's Chris Christie and Wisconsin's Scott Walker are getting ready to run for president, but they've still got day jobs as governors — and face another round in the ring with organized labor. For Christie, that means trying to reach a deal to fix New Jersey's underfunded pension system by working with...
  • How an Undocumented Immigrant From Mexico Became a Star at Goldman Sachs

    02/25/2015 11:34:54 PM PST · by 2ndDivisionVet · 5 replies
    Bloomberg Business | February 25, 2015 | Max Abelson
    Link only due to copyright issues: http://www.bloomberg.com/news/articles/2015-02-25/how-an-undocumented-immigrant-from-mexico-became-a-star-at-goldman-sachs
  • Why Obama Is So Autocratic About Environmental Policy [that's what dictators do]

    02/25/2015 11:07:11 PM PST · by Cincinatus' Wife · 8 replies
    Slate ^ | February 25, 2015 | Alec MacGillis
    After President Obama’s veto this week of legislation demanding the approval of the Keystone XL oil pipeline, congressional Republicans are charging him with once again flouting the will of the duly elected legislative branch. The charge has the ring of truth when it comes to energy and environmental matters, given how much the Obama administration has sought to circumvent Republicans with regulation and executive orders in that arena, most notably with the rules announced last year limiting carbon emissions from existing power plants. But there is a reason that Obama has chosen to go it alone on energy: The GOP’s...
  • Many Americans Still Struggling In Dismal Obama Economy

    02/25/2015 5:24:22 PM PST · by Kaslin · 46 replies
    Townhall.com ^ | February 25, 2015 | Donald Lambro
    WASHINGTON -- The new Republican Congress is just getting started, and the American people are waiting to see how lawmakers deal with the issues they care about most. Anyone who's followed the polls over the course of the Obama administration knows that the economy and jobs have been among our strongest concerns. The Gallup Poll reinforces this in its latest survey, asking people what they think are the biggest problems facing our country. "Economic problems" was, not surprisingly, their top concern -- mentioned by nearly 40 percent, followed by unemployment/jobs generally, the budget deficits and the federal debt, in that...
  • Is the Star Trek Economy a Welfare State?

    02/24/2015 9:34:40 PM PST · by Citizen Zed · 89 replies
    Slate ^ | 2-12-2015 | Ara Ogle, Quora
    As an example, Sisko's father runs a restaurant. Seats at that restaurant have to be a finite resource (because they require labor), so they would not be “free” to everyone—the owners get to choose whom they give it to. (That brings up the interesting question of whether the Federation would have anti-discrimination laws, but I digress.) Let's say Sisko chooses to feed people in his neighborhood; choosing to live in that neighborhood is the “price” his customers pay for his food. Similarly, Picard's brother makes real wine; since that requires real grapes and, again, labor, that would also be a...
  • The Hyperinflation Hype: Why the U.S. Can Never Be Weimar

    02/25/2015 10:26:02 AM PST · by ChildOfThe60s · 32 replies
    The Atlantic ^ | March 21, 2012 | Matthew O'Brien
    How are the United States' historic budget deficits, money-printing and depressed economy any different from the country's that have experienced hyper-inflation? The three-part answer is:(1) we don't have any problems selling our debt(2) we aren't actually printing money; and (3) the United States is a highly productive economy that is nothing like bombed-out Budapest.
  • Scott Walker tops GOP field in new national poll on 2016

    02/25/2015 1:38:45 AM PST · by Cincinatus' Wife · 44 replies
    Washington Times ^ | February 24, 2015 | David Sherfinski
    Wisconsin Gov. Scott Walker is leading a host of potential 2016 GOP presidential contenders with 25 percent of the vote in a national poll on the nomination contest released Tuesday. Retired neurosurgeon Ben Carson is second at 18 percent, followed by former Florida Gov. Jeb Bush at 17 percent and former Arkansas Gov. Mike Huckabee at 10 percent, according to the poll from the Democratic firm Public Policy Polling........
  • Latinos to account for over 40% of increase in U.S. employment over next 5 years, study finds

    02/24/2015 10:58:59 PM PST · by 2ndDivisionVet · 41 replies
    Fox News Latino ^ | February 24, 2015
    A new study released Tuesday indicates that Latinos will play an ever increasing role in the future of job growth in the United States. Latinos will account for more than 40 percent of growth in the next five years and more than 75 percent between 2020 and 2034 – an increase of 11 million jobs out of an economy-wide gain of 14 million, according to an analysis done by the economic forecasting firm IHS Global Insight. A number of reasons will account for the rise of Latinos in the workplace, but some major factors will be a Hispanic population growth...
  • Most Americans Are Slaves And They Don’t Even Know It

    02/24/2015 3:15:00 PM PST · by SeekAndFind · 31 replies
    TEC ^ | 02/24/2015 | Michael Snyder
    Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do. These days, we don’t like to think of ourselves as “servants” or “slaves”, but that is what the vast majority of us are. It is just that the mechanisms of our enslavement have become much more sophisticated over time. It has been said that the borrower is the servant of the lender, and most of us start going into debt very early into our adult years. In fact, those that go to college to “get an...
  • There's a new mortgage crisis brewing [Richard Bove]

    02/24/2015 4:49:11 PM PST · by CutePuppy · 20 replies
    CNBC ^ | 2015 February 23 | Richard X. Bove
    In 2008, the nation entered into a financial crisis widely believed to have been caused by excesses in the residential mortgage industry. By 2010, the nation thought it had put in place a series of measures that not only would resolve the crisis but would insure that it never happened again. Yet, here we are in 2015 looking at another potential mortgage crisis. Only this time it is different. In 2008, funds flowed in waves into the mortgage industry. In 2015, it appears the funds are drying up. The solutions to the problem in 2010 and thereafter included: Suing and...
  • Tumblr CEO on net neutrality

    02/24/2015 4:04:22 PM PST · by SoFloFreeper · 18 replies
    CNBC ^ | 2/24/15
    "I think a bright line rule that sort of spells out the principles that we believe in, I think the Bill of Rights is a good thing," said Tumblr founder and CEO David Karp.
  • The stage is being set for a massive financial meltdown...

    02/24/2015 9:21:38 AM PST · by alexmark1917 · 40 replies
    Greek 4 month extension does nothing for the people of Greece. Sub-prime auto loans all time high and delinquencies are rising. Existing home sales implode while home price fall. Baltic Dry Index falls and ship builders are filing for bankruptcy. US blimp in Maryland used to watch the people. Ukraine bans Russian media and sets up their own propaganda media. Poroshenko wants Crimea back as they pull more weapons to the front line. US and the coalition forces getting ready for a major offensive in the middle east. DHS budget in trouble, using fear and a false flag event to...
  • Federal Reserve Insider Alan Greenspan Warns:There Will Be a “Significant Market EventSomething Big

    With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of 2008 have been resolved. Stocks are, after all, at historic highs. But the insiders know different. And if there’s any single person out there who understands U.S. monetary policy and its long-term effects on domestic and global affairs it’s former Federal Reserve chairman Alan Greenspan. As the head of the world’s most powerful central bank for nearly two decades he’s privy to the insider...
  • Is there another East Asian-style financial crisis coming?

    02/24/2015 6:13:26 AM PST · by alexmark1917 · 2 replies
    Falling oil, rising dollar and fears over US rate increase present in 1997-98 Mark Twain reputedly stated that history does not repeat but it rhymed. In an eerie parallel to 1997-98, falling commodity — especially oil — prices, a rising US dollar and potential increases in US interest rates may presage a new financial crisis. Weak growth, high debt levels, disinflation or deflation, policy driven destructive competitive devaluations, inflated financial risk taking and mispricing compounds the problems. The impending crisis may develop as follows. First, US equity prices come under pressure from a stronger dollar. Given 40 per cent of...
  • As free trade pacts expand, U.S. trade deficit soars. Why add one more?

    02/23/2015 9:57:23 AM PST · by Theoria · 18 replies
    Reuters ^ | 17 Feb 2015 | Leo Hindery Jr.
    President Barack Obama has called on Congress to grant him fast-track trade authority for his Trans-Pacific Partnership free-trade agreement. The administration insists the authority, which would give Congress only an up-or-down vote on the agreement, is needed to get the best possible terms from its trade partners along the Pacific Rim. During his 2008 presidential campaign, Obama promised to renegotiate and improve the North American Free Trade Agreement (NAFTA). But it now looks like what he really meant is to expand on that flawed trade model and extend it to other countries. Twenty-one years after NAFTA and four years after...
  • Stock Rally Adds Another Percent while Metals Fade: Week Ahead Worries-- Investor Thread Feb. 22

    02/22/2015 8:34:45 AM PST · by expat_panama · 83 replies
    Weekly investment & finance thread ^ | February 22, 2015 | Freeper Investors
    [excerpt from Yahoo Finance: What to watch next week: TGT, HD, M, HPQ, GDP and Greece] Next week will be a busy week on Wall Street with a raft of big earnings reports including Target (TGT), Macy’s (M), Home Depot (HD) and Hewlett-Packard (HPQ) to name just a few. Investors will also have a lot of economic data and geopolitics to digest this coming week and in the weeks that follow. The Commerce Department will release the latest reading on third quarter Gross Domestic Product. Yahoo Finance’s Rick Newman thinks investors will be watching that report closely, as well...
  • Meet 10 Indian couples who tied the knot and began their startup

    02/21/2015 6:17:19 PM PST · by 2ndDivisionVet · 5 replies
    The Economic Times ^ | February 22, 2015 | Rajiv Singh
    In the good old days, if they fell in love in B-school, got married and kicked off a career, the choices were predictable — if it was an MBA in marketing, it had to be a role in a consumer goods multinational (think Hindustan Unilever or Procter & Gamble or Nestle); if it was finance, the husband-wife duo inevitably found themselves at rival investment banks on Dalal Street. These days, it's a bit different. Many couples who met in school or college — not just B-schools — are taking the long and invigorating walk down the aisle of entrepreneurship. And,...
  • What Scott Walker Actually Said (There was more to that dinner than Rudy Giuliani)

    02/21/2015 1:05:15 AM PST · by Cincinatus' Wife · 76 replies
    National Review Online ^ | February 20, 2015 | Larry Kudlow
    Yes, believe it or not, Wisconsin governor Scott Walker actually spoke at some length at the dinner this past week where Rudy Giuliani charged that President Obama doesn’t love America. All the hullabaloo went to Giuliani, but in terms of the Republican presidential race, a number of Scott Walker’s pointed comments about policy and politicians are not to be missed. First a word about the dinner itself, which was generously backed by John Catsimatidis. It was the second event sponsored by the Committee to Unleash American Prosperity, a new group founded by Arthur Laffer, Steve Moore, Steve Forbes, and myself....
  • Fed fight heats up

    02/20/2015 5:34:48 AM PST · by Cincinatus' Wife · 12 replies
    The Hill ^ | February 20, 2015 | Kevin Cirilli
    The Federal Reserve is pushing back against mounting criticism of the central bank, even as those pushing for reforms ratchet up their attacks. Fed officials have in recent weeks met in private with staffers from both parties, focusing primarily on the Senate, according to sources familiar with the meetings. Meanwhile, Chairwoman Janet Yellen and other Fed officials have publicly sounded off against a proposal championed by Sen. Rand Paul (R-K.Y.) that would give Congress more sway over the bank. The uptick in outreach from the independent agency signals an effort to quell calls for significant changes at the Fed and...
  • Marco Rubio Laughingly Accuses Obama’s Policies of Being Bad for the Nation

    02/19/2015 7:42:54 PM PST · by 2ndDivisionVet · 32 replies
    PoliticusUSA - Real Liberal Politics ^ | February 19, 2015 | Sarah Jones
    As Republican hopefuls Governor Scott Walker (R-WI) and Governor Bobby Jindal (R-LA) showed themselves to be spineless against the far right by refusing to refute Rudy Giuliani’s cheap and obviously empty Palinesque attack on President Obama’s patriotism, Senator Marco Rubio (R-FL) tried to walk a finer line. He demonstrated how to be weak and spineless while playing more subtly with Palin fire by laughingly suggesting that while he has “no doubt” Obama loves this country (not one high profile Republican seems capable of saying Obama loves this country for sure), his polices are so terrible for the nation. Rubio told...
  • States don’t want illegal immigrants, but could they need them? (Here we go)

    02/19/2015 1:36:33 PM PST · by 2ndDivisionVet · 17 replies
    Watchdog.org ^ | February 19, 2015 | Yaël Ossowski
    A coalition of 26 states fought and won a battle to freeze President Barack Obama’s deferred action plan to give temporary work visas to illegal immigrants with children born in the United States. Judge Andrew Hanen’s injunction order, issued Monday, makes certain eligible illegal immigrants won’t get permission from the federal government to seek lawful employment, and will have to continue working without legal papers. The states who filed the lawsuit claimed such an action would cause “undue burden” to their finances. “Regardless of the reasons behind the actions or inaction of the executive and legislative branches of the...
  • Scott Walker Embraced by Voodoo Economists

    02/19/2015 11:20:31 AM PST · by Cincinatus' Wife · 38 replies
    New Yorker ^ | February 19, 2015 | Jonathon Chait
    "......The more significant development was Scott Walker’s semi-public confab with the leading lights, such as they are, of supply-side economics. Last night, the Wisconsin governor attended a dinner in New York hosted by Stephen Moore, Arthur Laffer, and Lawrence Kudlow. This is a strong indication of the policy leanings of a candidate who probably stands as strong a chance as anybody of capturing the nomination. The backdrop to Walker’s meeting is that the Republican Party is undergoing the first serious effort to alter its domestic policy in a quarter century....... This has left a gaping void for a Republican candidate...
  • Scott Walker to attend private dinner with supply-siders in New York

    02/19/2015 4:40:01 AM PST · by Cincinatus' Wife · 14 replies
    Washington Post ^ | February 18, 2015 | Robert Costa
    Wisconsin Gov. Scott Walker is scheduled to attend a private dinner Wednesday with longtime advocates of supply-side economics. The gathering, set for the upscale “21” Club in Manhattan, is the latest effort by the potential Republican presidential contender to bolster his relationships with the GOP’s anti-tax wing. It also reflects the interest business-friendly conservatives have in his possible candidacy, in spite of the recent ascent of former Florida governor Jeb Bush. Economists Larry Kudlow, Arthur Laffer, and Stephen Moore will host Walker, according to several people with knowledge of the event. For decades, that trio of friends — all associated...
  • After companies create jobs, NJ cuts funds for tax breaks

    02/18/2015 6:16:36 PM PST · by Coleus · 16 replies
    Bergen Record ^ | 02.17.15 | HUGH R. MORLEY
    As the state pours billions of dollars in business tax breaks into programs aimed at strengthening New Jersey’s struggling economy, it has put the brakes on another incentive program, leaving hundreds of companies without promised payments that could total in the hundreds of millions of dollars. Seeking to balance the state budget over the last few years, the Christie administration and the Legislature have each slashed funding for the Business Employment Incentive Program, commonly referred to as BEIP, eliminating payments to companies that were promised annual income tax rebate checks in return for moving to New Jersey or expanding here....
  • All Bubbles Burst: China's Real Estate Market Crashing, Eurogroup Prepare For Grexit & Default...

    02/18/2015 10:23:39 AM PST · by alexmark1917 · 6 replies
    China's Real Estate Market Crashing... Real Estate is the single biggest domestic lending segment in China. Combined with deflation in Iron Ore, Steel, Copper, and other industrial metals China's collateral quality is looking very very shaky compared to loan volume... SNIP While the world's attention is glued to events in Greece, the real action continues to evolve quietly thousands of kilometers east, in China, where the near record surge in new loans remains unable to offset the dramatic slowdown in shadow banking issuance. And while China's bubble-chasing, animal spirits have recently reoriented themselves from real estate to the stock market,...
  • Will McConnell make a deal?

    02/18/2015 3:50:38 AM PST · by Cincinatus' Wife · 10 replies
    The Hill ^ | February 18, 2015 | Alexander Bolton
    Don’t count on Senate Majority Leader Mitch McConnell to play dealmaker in the fight over Department of Homeland Security funding. The Kentucky Republican is under intense pressure from conservatives to hold the line against President Obama’s immigration actions, and he shows no signs of backing down. McConnell on Tuesday used a judge’s injunction against Obama’s immigration order to increase the pressure on Democrats, saying the onus is on them to stop filibustering legislation that would fund the DHS and stop an illegal power grab by the White House. “Senate Democrats — especially those who’ve voiced opposition to the President’s executive...
  • Why Does Income Inequality Exist? An Economic and Biblical Explanation

    02/17/2015 4:11:41 PM PST · by SoFloFreeper · 15 replies
    The Bible speaks at length about our uniqueness. We are created in God’s image and are matchless, just like a snowflake. We are also commanded to use our unique combination of skills and abilities to glorify God and serve others. Our unique skills allow us to make a special contribution to the world we live in, not just in the church or on the mission field, but through our work. Because we are uniquely created, we are endowed by Christ with a specific set of gifts. We can further the Kingdom of Christ by knowing our gifts and pursuing them...
  • The Case Against Imminent Economic Collapse: “They Can Keep Bailing Things Out for Several More...

    02/17/2015 1:36:33 PM PST · by blam · 45 replies
    SHTF Plan ^ | 2-17-2015 | Joel Skousen
    The Case Against Imminent Economic Collapse: “They Can Keep Bailing Things Out for Several More Years Without Fear of Collapse” Joel Skousen February 16th, 2015 Editor’s Note: The following commentary comes to us from Joel Skousen, a well respected geopolitical analyst and Strategic Relocation expert. We see evidence of an impending collapse of the global financial and economic systems on an almost daily basis. From falsified statistics to an almost unfathomable series of never-ending monetary machinations, all signs point to something being horrifically wrong, not just with the economy but the entire global paradigm as it exists today. By all...
  • China's COSCO Dis-Assembles 8 Ships Amid Glut As Baltic Dry Hits Another Record Low

    02/16/2015 2:47:44 PM PST · by blam · 13 replies
    Zero Hedge ^ | 2-16-2015 | Tyler Durden
    Tyler Durden 02/16/2015 You know things are bad in the ship-building business when... amid considerably larger than expected losses, China's COSCO announced that it has dis-assembled 8 vessels in January alone (including 3 bulk carriers) and will be decommissioning and disposing of them as it awaits a "more conducive" environment. It appears that is not coming anytime soon, as The Baltic Dry Index just hit 522 - a new all-time low (down a stunning 53 of the last 55 days). As COSCO explains in its HKSE Statement:(snip)
  • US and Greece helping to save the euro

    02/16/2015 12:03:14 PM PST · by Lorianne · 6 replies
    CNBC ^ | 15 February 2015 | Michael Ivanovitch
    Greece's pleas to stop the "fiscal waterboarding" of its devastated economy are substantively no different from President Obama's repeated warnings to Germany to stop bleeding the euro area economy with excessive fiscal austerity. Sadly, the president's reportedly more than a dozen phone calls to the German Chancellor Merkel in 2011 and 2012 urging supportive economic policies in the euro area fell on deaf ears. These calls were not just brushed aside; they were plainly ridiculed as Chancellor Merkel kept telling the media that "it made no sense to be adding new debt to old debt." But -- worrying about one-fifth...
  • Governor Scott Walker Reflects on Reagan’s “A Time for Choosing” Speech

    02/16/2015 1:52:40 AM PST · by Cincinatus' Wife · 6 replies
    Viral Buzz ^ | February 15, 2015 | Bill Chandler
    3:08 video: Governor Scott Walker’s Interview with Young America Foundation Reflects on Reagan’s “A Time for Choosing” SpeechGov. Scott Walker: “You can give that speech [Ronald Reagan's "A Time for Choosing"] today, not tell people who it was, just play it, play the audio, and I think people would find it just as compelling today as it was the day he gave it.”[Oct 1964] .................." “President Obama and his allies tend to measure success in government by how many people depend on the government, how many people are on medicare, food-stamp, unemployment. We instead, we the conservatives measure success in...
  • Nation's largest Christian bookstore and gift chain files for Chapter 11 bankruptcy protection

    02/15/2015 9:50:53 PM PST · by 2ndDivisionVet · 44 replies
    The Grand Rapids Press ^ | February 13, 2015 | Jim Harger
    GRAND RAPIDS, MI -- Family Christian Stores, the nation's largest Christian bookstore and gift chain, has filed for Chapter 11 bankruptcy in hopes of restructuring its debt in the face of declining sales. The Grand Rapids-based chain said it does not expect to close any of its 266 stores in 36 states or layoff any of its 3,100 full-time and part-time employees. "We strive to serve God in all that we do and trust his guidance in all our decisions, especially this very important one," said President and CEO Chuck Bengochea in a news release. "We have carefully and prayerfully...
  • At record high, U.S. stocks look to extend breakout --Weekly Thread Feb. 16

    02/15/2015 9:51:16 AM PST · by expat_panama · 65 replies
    Weekly investment & finance thread ^ | February 15, 2015 | Freeper Investors
    [excerpt from Yahoo Finance]   NEW YORK (Reuters) - U.S. stocks are poised for more upward momentum even as uncertainty over oil prices and Greek debt negotiations keeps the market on tenterhooks, analysts say.Strong fourth-quarter U.S. company earnings and signs of an overall improving economy, alongside what appears to be the start of a bottoming in crude oil prices, have given equities support.After starting 2015 with its sharpest monthly drop in a year and a spike in volatility, the benchmark S&P 500 (.SPX) hit an intraday record on Friday while the Dow Jones Industrial Average (.DJI) reached its highest point...
  • Russians Say They Fear Hunger, Unemployment and Nuclear War

    02/15/2015 7:15:40 AM PST · by WhiskeyX · 5 replies
    The St. Petersburg Times ^ | January 31, 2015 (Issue # 1844) | Anna Dolgov
    A recent state poll asking Russians about their fears has laid bare a telling change in attitudes: more than double the number of respondents said they feared a nuclear war compared to two years ago. Russia's deteriorating relations with the West and the economic turmoil that followed sanctions imposed on Moscow for its meddling in Ukraine have had a significant impact on Russians' view on the likelihood of nuclear war or going hungry, the poll published Thursday by state-run VTsIOM pollster showed. The number of respondents who said they feared a nuclear war has doubled to 17 percent from only...
  • The History of Reparations for African Americans (1/2)

    02/14/2015 6:19:41 PM PST · by 2ndDivisionVet · 32 replies
    The Real News Network ^ | February 12, 2015 | Eddie Conway
    To mark Black History Month, TRNN's Eddie Conway speaks to Dr. Ray Winbush about why people of African descent have a strong case for reparations for the slavery in the United States.(VIDEO-AT-LINK) EDDIE CONWAY, TRNN PRODUCER: Welcome to The Real News. I'm Eddie Conway from Baltimore. In honor of Black History Month, I have with me today Dr. Ray Winbush from the Urban Institute of Research at Morgan University. Today we're going to try to talk about reparation, the history of reparation, and the future of reparation. So please join me in welcoming Dr. Ray Winbush. Thank you for coming....
  • Illinois poverty on rise since 2010; four counties at greatest risk, says report

    02/14/2015 12:33:56 PM PST · by KeyLargo · 6 replies
    Reebot Illinois ^ | Feb 12, 2015 | Caitlin Wilson
    Illinois poverty on rise since 2010; four counties at greatest risk, says report Caitlin Wilson The number of Illinoisans living in poverty has risen steadily since 2010, with nearly 15 percent of residents living at or below the poverty line, a new report says, the highest mark since 1960. The Social Impact Research Center (SIRC) released a report detailing the statistics surrounding poverty in Illinois, finding that Illinois “has plenty of room for improvement” in comparison to other states when it comes to residents living in poverty, and that 14 of the state’s counties have more than 20,000 residents in...
  • White House Warns Europe On Greek Showdown ["Warns" Syria, Israel, ISIS, Russia, Egypt, Libya...]

    02/14/2015 10:18:19 AM PST · by Steelfish · 23 replies
    Telegraph(UK) ^ | February 15, 2015
    White House Warns Europe On Greek Showdown Washington blames Europe for the lack of global recovery and is losing its patience with EMU creditor states that fail to pull their weight By Ambrose Evans-Pritchard 13 Feb 2015 The Obama administration has leapt to the defence of Greece, warning Germany and Europe’s creditor powers that they must meet Athens half-way to avert a potentially dangerous rupture and a euro break-up. Caroline Atkinson, the US deputy-national security adviser, said the eurozone authorities had imposed the main burden of adjustment on the weaker deficit states and should do more to accept their share...
  • Two Big Fiscal Lessons from Colorado’s Pot Legalization

    02/14/2015 7:49:46 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | February 14, 2015 | Daniel J. Mitchell
    Regular readers know that I don’t approve of drug use, but that I also favor legalization because the Drug War has been a costly and ineffective failure.(And it’s led to horrible policies such as intrusive money-laundering laws and Orwellian asset-forfeiture laws).So I was happy when folks in Colorado voted to decriminalize marijuana use, even if part of me didn’t like the idea that politicians would gain a new source of tax revenue.If nothing else, what’s happening in Colorado (and Washington state) will be an interesting social experiment.And even though we only have a modest bit of data, I’m going to be...
  • Greek Talks Fall Apart

    02/13/2015 2:11:33 PM PST · by Kaslin · 34 replies
    Townhall.com ^ | February 13, 2015 | Mike Shedlock
    At midnight, Greece turns into a pumpkin. The clock is clearly ticking but is this the 10th or 11th hour? Given the eurozone propensity to extend deadline after deadline, it's hard to say precisely what time this is. But we can say Greek Bailout Talks with Europe Break Down. Eurozone finance ministers’ first attempt to grapple with the bailout demands made by the new Greek government broke down in recriminations after the two sides failed even to agree a way to take negotiations forward after six hours of talks in Brussels. Jeroen Dijsselbloem, the Dutch finance minister who chairs the...
  • Germany faces impossible choice as Greek austerity revolt spreads

    02/12/2015 2:10:28 PM PST · by Lorianne · 17 replies
    Guardian UK ^ | 11 February 2015 | Ambrose Evans-Pritchard
    The political centre across southern Europe is disintegrating. Establishment parties of centre-left and centre-right - La Casta, as they say in Spain - have successively immolated themselves enforcing EMU debt-deflation. Spain's neo-Bolivarian Podemos party refuses to fade. It has endured crippling internal rifts. It has shrugged off hostile press coverage over financial ties to Venezuela. Nothing sticks. The insurrectionists who came from nowhere last year - with Trotskyist roots and more radical views than those of Syriza in Greece - are pulling further ahead in the polls. The latest Metroscopia survey gave Podemos 28pc. The ruling conservatives have dropped to...
  • Greek Gambit Succeeds As Germany Said To Ease Bailout Terms

    02/12/2015 12:03:09 PM PST · by Rusty0604 · 10 replies
    Zerohedge ^ | 02/12/2015 | Tyler Durden
    With tax receipts tumbling and ELA funding hitting its limit, the Greeks are up against it. On the other side, the Greek strength in the face of EU's demands (and Eurogroup's realization of the uncertainty this could lead to) has apparently led to the start of compromise. As Bloomberg reports, •*GERMAN, GREEK OFFICIALS SIGNAL COMMON GROUND ON AID DEAL •*GERMANY SAID NOT TO INSIST ALL PARTS OF CURRENT BAILOUT STAY •*GREECE SAID TO BE OPEN TO SURPLUS, PRIVATIZATION DEBATE As Merkel noted earlier, "Europe is always about finding a compromise," and it appears they are getting closer - as long...
  • Why the West Coast port slowdowns are cracks in the foundation of the U.S. economy

    02/12/2015 10:23:22 AM PST · by george76 · 25 replies
    Puget Sound Business Journal ^ | Feb 12, 2015 | Sarah Aitchison
    One of the big reasons for the slowdown at the 29 West Coast ports isn't on the tip of everyone's tongues, including elected officials, is because the public doesn't see it, he said. It's like cracks in the foundation of a house: virtually invisible but still very dangerous for the structural integrity of the house.
  • CHINA’S UNMASSAGED GROWTH RATE PLUMMETS TO 1.7%

    02/12/2015 6:36:14 AM PST · by C19fan · 10 replies
    Breitbart ^ | February 11, 2015 | Chriss W. Street
    Diana Choyleva of Lombard Street Research, who produces an “unmassaged” calculation of China’s true economic growth, just reported that China’s fourth quarter GDP growth plummeted to 1.7 percent, versus the official 7.4 percent rate. According Choyleva, “Dire data out of China are competing head-on with the Greek political drama as the most destabilizing factor for the global economy and financial markets.” Lombard Street calculates that in 2014, real annual GDP growth averaged 4.4 percent, versus the official government rate of 7.3 percent. But what is more foreboding for the Middle Kingdom is that they see economic growth sequentially collapsing. Choyleva...
  • Even Amidst Low Oil Prices, Staying the Course Will Ultimately Benefit Consumers, Producers

    02/11/2015 5:24:48 PM PST · by Kaslin · 1 replies
    Townhall.com ^ | February 11, 2015 | David Holt
    In less than a decade, the one-time feeble U.S. energy sector has accomplished a record-breaking 180-degree turnaround thanks to advancements in new technologies. In fact, at the current rate, the nation is likely to hit production marks not seen since the 1970s. As such, we now live in a more energy self-sufficient nation, one that is inching closer every day to energy independence. While we utilize roughly 25 percent of the world’s oil on a daily basis, about 40 percent of the petroleum we consume is imported, down from 60 percent not too long ago. Consumer Energy Alliance (CEA) has...
  • Currency warriors get a boost at G-20 meeting

    02/11/2015 8:01:41 AM PST · by Rusty0604 · 7 replies
    Market Watch ^ | 02/11/2015 | Ian
    ISTANBUL--The world's top finance leaders on Tuesday in effect backed currency depreciation as a tool for promoting growth by signaling strong support for aggressive easy-money policies aimed at boosting the fragile global economy. The support by finance ministers and central bankers from the Group of 20 largest economies for mass monetary easing--policies that have weakened exchange rates from Europe to Japan--is at odds with the traditional view that currency depreciation could have damaging effects on other economies. It also reflects worry that economies in much of the world could get stuck in a low-growth rut without decisive cash injections from...
  • This Man Will Never Be Invited Back On CNBC

    02/10/2015 11:08:58 PM PST · by Nachum · 22 replies
    zero hedge ^ | 2/10/15 | tyler durden
    While Steve had a number of hard to hear quotes for the CNBC anchors - such as: "There is no acceleration in underlying economic activity," and "There's this wrong concept that I keep on hearing about in the financial press about the acceleration in economic growth... It's not happening!" A stunned Simon Hobbs rebuffs, "That's a long list of non-ideal situations we find ourselves in," to which Ricchiuto snaps back "and we can keep on going!" "After a string of dismal data on durable goods, retail spending, and inventories, we get a good jobs number and everyone saying the economy's...
  • UN Climate Chief: We Are Remaking The World Economy

    02/10/2015 12:28:27 PM PST · by Beave Meister · 23 replies
    The Daily Caller ^ | 2/5/2015 | MICHAEL BASTASCH
    The United Nation’s climate chief says that reordering the global economy to fight climate change is the “most difficult” task the international body has ever undertaken. “This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model, for the first time in human history,” Christiana Figueres, who heads up the U.N.’s Framework Convention on Climate Change, told reporters. “This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that...