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Keyword: economy

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  • Is America on the eve of a civil war?

    01/08/2013 4:23:24 AM PST · by Perseverando · 57 replies
    WND ^ | January 7, 2013 | Unattributed
    Exclusive: Jerry Robinson says 2013 could be 'devastating' Is America on the eve of another civil war? That question is being raised by economist, columnist, radio host and international conference speaker Jerry Robinson on his “Follow the Money Weekly.” He also talks about eight money tips for achieving financial security in 2013. But in a commentary on his podcast, he notes the situation facing Americans. “While I expect to have a very profitable year with my investments and businesses, I can’t seem to shake this nagging suspicion that 2013 may also be one of the most devastating years in American...
  • New Obama security adviser clashed with military

    10/08/2010 12:05:49 PM PDT · by ColdOne · 13 replies
    Yahoo/Reuters ^ | Oct 8,2010 | Ross Colvin and Patricia Zengerle
    WASHINGTON (Reuters) – President Barack Obama will name close aide Tom Donilon as his new national security adviser on Friday in a move that could have implications for the struggli
  • After the Fall: What Do You Do When You Conclude America Is (Temporarily or Permanently) Kaput?

    01/07/2013 3:35:29 PM PST · by SeekAndFind · 32 replies
    Pajamas Media ^ | 01/07/2013 | Barry Rubin
    If we reach the following highly unpleasant conclusion, what are the implications? The United States has taken a political turn which, at least for the next four years, will guarantee that it does not play the role of a great power mindful of and willing to protect its own true interests, to support its allies, and to combat its real foes. On the contrary, through inaction or active effort the leadership of America will take counterproductive actions that achieve the opposite result. And there are certain factors — radical ideological hegemony, a weak economy and growing debt, structural social changes,...
  • ART CASHIN: Veteran Traders Have Noticed A Peculiar Pattern During The Final Hours Of Trading

    01/07/2013 11:59:18 AM PST · by blam · 17 replies
    TBI ^ | 1-7-2013 | Sam Ro
    ART CASHIN: Veteran Traders Have Noticed A Peculiar Pattern During The Final Hours Of Trading Sam RoJan. 7, 2013, 11:11 AM Stocks have started 2013 on a positive note, closing at a five-year high on Friday. So, are people feeling bullish? Art Cashin, UBS Financial Services Director of Floor Operations, is a tad skeptical. He points to some imbalances during end-of-day trading in this morning's "Cashin's Comments": Some On-Close Support For the “New Money” Thesis – As we have noted repeatedly during this New Year’s rally, several of us old fogeys believe most of the fuel for the move...
  • Renowned French economist to join Obama’s team

    01/06/2013 11:13:34 PM PST · by Buddy Sorrell · 26 replies
    France 24 ^ | 1/5/2013 | France 24
    France’s Esther Duflo, a star economist who was once named one of Time magazine’s 100 most influential people in the world, has been nominated by US President Barack Obama to help shape US global development policy. France’s Esther Duflo, a world renowned economist, has been nominated by US President Barack Obama to join a government body dedicated to advising the administration on global development policy. Duflo, who was raised in a “left-leaning Protestant” family, said she became aware of economic divides and social injustice at a very early age.
  • Eurozone left in lurch as US 'can-do’ spirit spurs economy towards revival

    01/06/2013 4:50:40 PM PST · by 2ndDivisionVet · 24 replies
    The London Sunday Telegraph ^ | January 6, 2013 | Roger Bootle
    So the Americans did it. They avoided the fiscal cliff – right at the 11th hour, much as many of us suspected they would. Not that America’s travails are over. Quite the opposite. The fiscal problem has been merely deferred, not cured. Meanwhile, even given Congressional agreement on immediate fiscal issues, the pace of economic recovery is set to be modest. Yet even this is better than the outlook for the eurozone, where the economy is likely to languish, if not to contract further. Why do the US and the eurozone present such different economic prospects? One possible answer is...
  • JPMORGAN: The US Recovery Is About To Hit A Pothole

    01/06/2013 3:54:54 PM PST · by blam · 30 replies
    TBI ^ | 1-6-2013 | Walter Kurtz, Sober Look
    JPMORGAN: The US Recovery Is About To Hit A Pothole Walter Kurtz, Sober LookJan. 6, 2013, 8:43 AM As discussed earlier (see post), US manufacturing sector has begun to recover. Manufacturing orders in the US as well as in Emerging Asia (see post) have diverged from other large economies. This trend is becoming reflected in the broader economic activity. However according to JPMorgan, the result of the latest fiscal negotiations will soon create headwinds for this expansion and dampen GDP growth. The tax increases on higher income households as well as the hike in payroll taxes will crate a drag...
  • The Tax Man Takes Aim At The World's Wealthy

    01/06/2013 12:10:23 PM PST · by Theoria · 16 replies
    NPR ^ | 06 Jan 2013 | Anita Huslin
    As 2013 begins with wealthy Americans in line for bigger tax bills, they're not alone. Tax fairness takes the spotlight worldwide this year, as cash-strapped governments look to impose more of the burden on well-heeled companies, individuals and institutions, and to catch and punish tax cheaters. This week, as the U.S. Congress averted a plunge off the fiscal precipice, British Prime Minister David Cameron sent a letter to leaders of the Group of Eight countries that make up about half of the world's economic output. Cameron is incoming president of the G-8 and says corporate tax evasion is on his...
  • Obama to draw on public support in new round of economic battles (What is Hussein's fiscal plan?)

    01/06/2013 6:38:55 AM PST · by Libloather · 19 replies
    The Hill ^ | 1/06/13 | Niall Stanage, Amie Parnes
    President Obama intends to take a confrontational approach with Republicans in future economic battles by using the same campaign-style events the White House saw as effective in the “fiscal-cliff” fight. Many in Obama’s party believe that he got the upper hand in the recent deal to avoid the mixture of across-the-board tax hikes and spending cuts, and that the aggressive approach helped build his public case. Sources close to Obama say he can fend off Republicans for several reasons: his successful reelection; polling suggesting public support for many of his positions; and division among Republicans on Capitol Hill. Jen Psaki,...
  • Did The Fed Lie About QE 3 And 4?

    01/05/2013 2:46:34 PM PST · by blam · 16 replies
    TMO ^ | 1-5-2012 | Graham Summers
    Did The Fed Lie About QE 3 And 4? Stock-Markets / Quantitative EasingJan 05, 2013 - 08:24 AM By: Graham Summers It’s common belief that Bernanke and the Fed are printing $85 billion per month ($40 billion to buy Mortgage Backed Securities and $45 billion to buy Treasuries). After all, these are the policies that the Fed announced in September and December 2012, respectively. The only issue with this is that the Fed lied. Today, the Fed’s balance sheet is $1.3 billion smaller than it was at this time last year. Last week it was $19 billion smaller. The largest...
  • What state buys the most guns? (Guam twice as many as the District of Columbia?)

    01/04/2013 8:44:51 PM PST · by 2ndDivisionVet · 23 replies
    The Daily Caller ^ | January 3, 2013 | Mike Piccione, editor, Guns & Gear
    If we use the National Instant Criminal Background Check System , or NICS, as a proxy for gun sales we see that Kentucky is the runaway leader in gun sales for 2012. Four states exceeded one million Federal Bureau of Investigation NICS checks; Kentucky, Texas, California and Illinois. Kentucky is the only state to exceed two million background checks. Background checks are only a proxy measure for gun sales. A buyer may purchase more than one gun through a gun dealer, depending on the local laws, once the background check comes back authorizing the purchase. The list of states and...
  • America's Disabled Recovery: 28,705,000 on Disability

    01/04/2013 4:56:34 PM PST · by whitedog57 · 24 replies
    Confounded Interest ^ | 01/04/2012 | Anthony B. Sanders
    The Bureau of Labor Statistics (BLS) released their monthly jobs report. Now for the BLS Boogie. Nonfarm payrolls rose by 155,000 workers last month following a revised 161,000 advance in November that was greater than initially estimated. The unemployment rate printed at 7.8% which is up from 7.7% in November but the same as the UPWARDLY REVISED print of 7.8%. U6 partial unemployment printed at 14.4%. Labor force participation remained at 63.6%. And the civilian employment to population ratio fell to 58.6, still stuck are 1983 levels. That’s a lot of people for the 58.6% to support! The number of...
  • The Cause of America’s Declining Birthrate

    01/04/2013 2:14:20 PM PST · by NYer · 31 replies
    Crisis Magazine ^ | January 4, 2013 | Austin Ruse
    The birthrate in the United States has fallen to record lows, according to a new study published by the Pew Research Center. What’s more, the report says the most dramatic drop has been among foreign-born Hispanic women.We have been content for some time that the U.S.-born Caucasian birth rate was below replacement but that the Hispanics had been making up for it by having births higher than replacement, and that this made us unique in the industrialized west.Pew reports, “The overall U.S. birthrate, which is the annual number of births per 1,000 women in the prime childbearing ages of 15-44,...
  • Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under

    01/04/2013 12:26:55 PM PST · by lowbridge · 34 replies
    http://www.dailymail.co.uk ^ | january 3, 2013 | hayley peterson
    Middle-class workers will take a bigger hit to their income proportionately than those earning between $200,000 and $500,000 under the new fiscal cliff deal, according to the nonpartisan Tax Policy Center. Earners in the latter group will pay an average 1.3 percent more - or an additional $2,711 - in taxes this year, while workers making between $30,000 and $200,000 will see their paychecks shrink by as much as 1.7 percent - or up to $1,784 - the D.C.-based think tank reported. Overall, nearly 80 percent of households will pay more money to the federal government as a result of...
  • THE SCARIEST JOBS CHART EVER

    01/04/2013 8:00:39 AM PST · by blam · 19 replies
    TBI ^ | 1-4-2013 | Sam Ro
    CHART OF THE DAY: THE SCARIEST JOBS CHART EVER Sam RoJanuary 4, 2013It's jobs day in America. This morning we learned that the U.S. economy added 155k jobs December and the unemployment rate ticked up in 7.8 percent. Although the numbers were in line with economists' expectations, they still reflect a job market that remains incredibly weak almost four years into the economic recovery. Calculated Risk runs a chart every month putting the current jobs recovery into perspective. "This shows the depth of the recent employment recession - worse than any other post-war recession - and the relatively slow recovery...
  • Congress Avoids The Fiscal Cliff By Selling Us Down The River (Peter Schiff)

    01/04/2013 7:52:31 AM PST · by blam · 7 replies
    TMO ^ | 1-4-2013 | Peter Schiff
    Congress Avoids The Fiscal Cliff By Selling Us Down The River Politics / US PoliticsJan 04, 2013 - 07:22 AM By: Peter Schiff With the possible exception of the New York Times' editorial board (and the cast of The Jersey Shore), everyone on the planet understood that the United States Government needs to cut spending, increase taxes, or both. Instead, after months of political posturing and hand wringing, the Federal Government has just delivered the exact opposite, a deal that increases spending and decreases taxes. The move lays bare the emptiness of budget legislation, which can be dismantled far easier...
  • 13 Reasons You're Not As Successful As You Should Be

    01/03/2013 11:31:55 PM PST · by 2ndDivisionVet · 41 replies
    National Federation of Independent Business ^ | January 4, 2013 | Jim Kukral
    Feeling down about your small business these days? Is the broken economy hurting your sales and keeping you up at night? Need some motivation and tough love to help you stop pitying yourself? Well, here you go: 13 reasons you might have in your head about why you're not as successful as you should be. #1 Reason You’re Not As Successful As You Should Be – Laziness I don’t think there’s an easy way to put this. I have to assume that you’re lazy. Every single successful person works their butts off to get where they are. It’s ok to...
  • Lots Of Influential People Are Talking About The Trillion Dollar Coin Idea To Save The Economy

    01/03/2013 4:36:21 PM PST · by blam · 55 replies
    TBI ^ | 1-3-2013 | Joe Weisenthal
    Suddenly, Lots Of Influential People Are Talking About The Trillion Dollar Coin Idea To Save The Economy Joe WeisenthalJan. 3, 2013, 4:42 PMThis is really thrilling. An arcane idea that started on finance blogs in the summer of 2011-- that Tim Geithner should mint a trillion dollar platinum coin to avert the debt ceiling -- is now seriously taking off. The premise of the idea is this: Although the Treasury can't just create money out of thin air to pay its bills, there is a technicality in the law that says the Treasury has special discretion to create platinum coins,...
  • Hedge Fund Presents Massive, Bearish Outlook On The State Of US Markets

    01/03/2013 3:00:05 PM PST · by blam · 2 replies
    TBI ^ | 1-3-2013 | Lucas Kawa
    Hedge Fund Presents Massive, Bearish Outlook On The State Of US Markets Lucas KawaJan. 3, 2013, 2:51 PMMorgan Creek Capital Management, an investment management firm with offices around the world, released its 2013 market outlook, entitled "Peering Over the Precipice." The presentation was delivered at the North Carolina Bankers Association yesterday. The slideshow presentation focuses on the three big risks facing the market: the Euro crisis, possibility of a downturn in China, and fallout from the Fiscal Cliff. Of these three, the firm is most bearish on the U.S. economy -- to the point of predicting a recession starting in...
  • Toomey: GOP should be willing to risk shutdown to get cuts in debt ceiling deal

    01/03/2013 2:27:57 PM PST · by Ernest_at_the_Beach · 40 replies
    Hot Air ^ | 3:31 pm on January 3, 2013 | by Mary Katharine Ham
    Sen. Pat Toomey is one of the great accomplishments of the Tea Party Movement, and after supporting him in ’04 back when Bush was backing Specter, it does my heart good to see him in our dysfunctional deliberate body. For that same reason, some are very angry at him for his vote on the fiscal cliff deal. But as we go into another debt-ceiling fight, he’s one of our better communicators on this issue. So, it also does my heart good to see him go on “Morning Joe,” up against five people who disagree with him, and direct the conversation,...