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Keyword: economy

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  • The richest man in Asia is selling everything in China

    04/17/2014 7:52:18 AM PDT · by SeekAndFind · 13 replies
    The Sovereign Man ^ | 04/17/2014 | Simon Black
    Hereís a guy you want to bet onĖ Li Ka-Shing. Li is reportedly the richest person in Asia with a net worth well in excess of $30 billion, much of which he made being a shrewd property investor. Li Ka-Shing was investing in mainland China back in the early 90s, way back before it became the trendy thing to do. Now, Li wants out of China. All of it. Since August of last year, heís dumped billions of dollars worth of his Chinese holdings. The latest is the $928 million sale of the Pacific Place shopping center in BeijingĖ this...
  • Putin says oil wars with Russia will make West bleed

    04/17/2014 7:34:50 AM PDT · by kronos77 · 20 replies
    Opportunities for the West to hurt the Russian economy are limited, President Vladimir Putin said Thursday. Europe cannot stop buying Russian gas without inflicting pain on itself, and if the US tries to lower oil prices, the dollar will suffer. If the West tries to damage Russiaís influence in the world energy market, efforts will likely backfire, the Russian President said during his twelfth annual televised question and answer session. To really influence the world oil market a country would need to increase production and cut prices, which currently only Saudi Arabia could afford, Putin said. The president added he...
  • Chinese Growth Slowest for 24 Years

    04/16/2014 1:25:01 PM PDT · by nickcarraway · 4 replies
    Guardian ^ | Tuesday 15 April 2014
    China's GDP grew 7.4% in the first quarter amid growing evidence that the powerhouse economy is easing offThe new railway station being built in Shenyang, Liaoning province. Investment in fixed assets dipped in the first quarter. China's annual economic growth slowed to its lowest for nearly a quarter of a century between January and March to 7.4% from 7.7% in the previous three months.
  • Caller: The American Dream is Alive and Well

    04/15/2014 11:04:49 PM PDT · by 2ndDivisionVet · 6 replies
    The Excellence in Broadcasting Network ^ | April 15, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Here's Brett in Cheyenne ... Wisconsin? Wow. It's great to have you on the program. Hello. CALLER: Cheyenne, Wyoming. Cheyenne, Wyoming. RUSH: I always thought it had to be Wyoming. I never heard of a Cheyenne in Wisconsin. CALLER: I wanted to call because I'm 27 years old, and I just wanted to let you know -- and let everyone know -- that the American dream is well and alive. I'm proof of it. I started out from absolutely nothing. With faith, drive, and determination I have built my own business from working part-time, waiting tables, to...
  • Sticker shock at the steak house; beef prices highest in 27 years

    04/15/2014 3:08:00 PM PDT · by 2ndDivisionVet · 67 replies
    Edd Hendee reached into the chilled glass case containing cold cuts of steak, the classic Texas entrťe upon which he built his restaurant and his fortune, proudly showing off his merchandise like a jeweler displaying his diamonds. ďThis is a center cut filet,Ē he said. ďItís the very best filet you can possibly buy. And thatís why itís expensive.Ē And lately, at the Taste of Texas restaurant in west Houston, itís become even more expensive. ďWhen the price goes from just under $20 a pound to us wholesale to almost $25 a pound, thatís almost a $5 increase in this...
  • Healthy Texas Economy Causes Surge in Housing Market

    04/15/2014 12:07:18 PM PDT · by 2ndDivisionVet · 1 replies
    Breitbart's Texas ^ | April 15, 2014 | Kristin Tate
    Housing markets have remained relatively weak in many areas of the U.S., with two notable exceptions: Washington, D.C. and Texas. Overwhelming evidence suggests that while the federal government, one of the nation's largest employers, is responsible for the ever-increasing housing demand in D.C.--the private marketplace is behind Texas' boom. The Lone Star State's pro-business environment, low taxes and reliable regulation have caused businesses to flock to the state. The result has been a bountiful job market, which draws individuals and families to Texas from around the world--many are eager to purchase homes upon arrival. Fresh statistics released by the federal...
  • Spanish-Style Riots Coming To A Country Near You

    04/15/2014 10:32:36 AM PDT · by blam · 13 replies
    Dollar Vigilante ^ | 4-15-2014 | James Guzman
    Spanish-Style Riots Coming To A Country Near YouJames GuzmanDollar Vigilante BlogApril 15, 2014 Screams and sirens pierce the air as rocks, firecrackers, and sharp glass go flying in every direction. Police try to beat back the hordes of protesters by smashing indiscriminately into the crowd with their billy clubs. This was the scene recently in Madrid, Spain, as tens of thousands of people took to the streets to fight against the budget cuts and tax increases put into place by Mariano Rajoy, the current Prime Minister of Spain. The protesters chanted ďno more cutsĒ as they demolished storefronts and threw...
  • CORE INFLATION UNEXPECTEDLY RISES

    04/15/2014 5:58:37 AM PDT · by blam · 49 replies
    BI ^ | 4-15-2014 | Matthew Boesler
    CORE INFLATION UNEXPECTEDLY RISES Matthew BoeslerApril 15, 2014, 8:30 AM ÔÄÉ ÔÉĀ Ôāě Ôāô ÔÉē Inflation unexpectedly accelerated in March due to increased costs of food and shelter, according to just-released data from the U.S. Bureau of Labor Statistics. Both the headline consumer price index and the "core" price index (which excludes food and energy prices) advanced 0.2% in March from the previous month, ahead of consensus estimates for a 0.1% rise in both series, matching February's pace. The year-over-year change in the core index rose to 1.7% from 1.6%, while the year-over-year change in the headline index was boosted...
  • Down and Out: Single fact explains why black Americans have a hard time climbing the economic ladder

    04/14/2014 9:57:05 PM PDT · by 2ndDivisionVet · 53 replies
    Slate ^ | April 3, 2014 | Jamelle Bouie
    ďWe didnít run from where we grew up. We arenít afraid to be associated with the people who came up with us.Ē Thatís Richard Sherman of the Seattle Seahawks writing in defense of his friend, DeSean Jackson, who was cut from the Philadelphia Eagles amid reports of gang ties. Sherman isnít trying to litigate the allegations or exonerate Jacksonóhe doesnít know the details. But he doesnít think itís wrong for Jackson to associate with the men from his childhood. And why would it be? Yes, some of them have criminal recordsóand for some, that includes gang activityóbut leaving home is...
  • PHOTOS: This Groundbreaking 3D Printer Built 10 Homes in 24 Hours

    04/14/2014 9:05:17 PM PDT · by 2ndDivisionVet · 43 replies
    RYOT ^ | April 14, 2014 | Oliver Micheals
    From Oreos to body parts, 3D printers have been cranking out some pretty unbelievable stuff lately. But in Shanghai, WinSun Decoration Design Engineering Co. has been using a monstrous printing device to build homes at a breakneck pace ó 10 homes in 24 hours. Measuring out at roughly 105 feet long, 33 feet wide, and 21 feet tall, this clearly isnít your average retail printer. Unlike most 3D printers, this printing giant is fed with cement rather than plastic, making it especially well-suited for home construction. The best part is the houses are super cheap to make and theyíre made...
  • This Chart Shows Us How Bad The Economy Really Is: ďFlashing Red WarningĒ

    04/14/2014 8:08:29 PM PDT · by Tolerance Sucks Rocks · 19 replies
    Freedom Outpost ^ | April 14, 2014 | Mac Slavo
    Recent weeks have led to a fairly significant drop in stock valuations, with many expert analysts struggling to figure out exactly why itís happening. Youíll hear them cite the weather, or market overreaction, or any number of reasons for why stocks have seen their share prices reduced and why theyíll be rebounding in the near-term. What they wonít show you on mainstream financial channels is whatís really happening behind the scenes. Forget about all the minute-by-minute noise for a moment and take a look at the following chart. It gives a very simple overview of earnings growth trends for stocks...
  • How To Get A Job Despite The Economy

    04/14/2014 1:09:21 PM PDT · by SeekAndFind · 19 replies
    Zero Hedge ^ | 04/14/2014 | Charles Hugh-Smith
    An entire new feedback loop of†accreditation†is necessary in the economy we have, and†fortunately that feedback is within our individual control.To paraphrase Donald Rumsfeld, we work in the economy we have, not the economy we might want or wish to have at a later time.†And what characterizes the economy we have?It's†bewildering†because nothing works like it's supposed to.†For example, getting a college degree was supposed to guarantee a good job and an 80% lifetime wage premium over people without college degrees.But in the economy we have, getting a college degree no longer guarantees a good job, or indeed, a job of any...
  • The IMF Is Sleepwalking Into Another Global Economic Catastrophe

    04/13/2014 6:39:05 AM PDT · by blam · 5 replies
    BI - The Guardian ^ | 4-13-2014 | PHILLIP INMAN, The Guardian
    The IMF Is Sleepwalking Into Another Global Economic Catastrophe The Guardian PHILLIP INMAN, The Guardian Apr. 12, 2014, 7:22 PM The complacency is palpable. Despite some dire warnings about risky trading and the threat posed by overly indebted banks, the mood last week at the International Monetary Fund's spring conference was one of calm. We have turned a corner since the financial crisis, the Washington-based organisation says. Normality is returning. And this will mean establishing normal interest rates (up from 0.5% in the UK to 2%-3%, according to Mark Carney), restoring normal inflation and generating steady growth in the west...
  • Finance officials: Global economy turns the corner (so says policy-setting panel of IMF)

    04/12/2014 5:37:22 PM PDT · by NormsRevenge · 20 replies
    Yahoo! News ^ | 4/12/14 | Martin Crutsinger and Harry Dunphy - ap
    WASHINGTON (AP) ó The world's top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth. This time, they may be right. Despite challenges that include market jitters about the Federal Reserve's bond-buying slowdown and global tensions over Ukraine, policymakers said they believe there is a foundation for sustained growth that can provide jobs for the millions of people still looking for work five years after the worst recession since the Great Depression of the 1930s. "Creating a more dynamic, sustainable, balanced and job-rich global economy remains our paramount collective goal," the policy-setting...
  • Women's clothing retailer Coldwater Creek to close its doors

    04/12/2014 8:46:11 AM PDT · by afraidfortherepublic · 54 replies
    Minneapolis Star Tribune ^ | 4-11-14 | Jackie Crosby
    <p>The womenís clothing retailer failed to find a buyer or new capital. A liquidation sale is planned.</p> <p>Womenís specialty clothing chain Coldwater Creek filed for bankruptcy on Friday and said it will close all of its stores around the country, including 11 in Minnesota.</p>
  • UKRAINE Economic is most important news on today

    04/11/2014 11:18:48 AM PDT · by UMCRevMom@aol.com
    https://www.facebook.com/dmitry.tymchuk ^ | 11 April 6 minutes ago | Dmitry Tymchuk
    Economic results of 11 April the most important news on today, 11 April: energy and coal industry Minister Yuri Prodan said that njsc "Naftogaz of Ukraine" prepares a contract with German and French partner on the import of natural gas through reversnym routes from Western Europe. In addition, officials from the European Commission said on Friday that the EC no longer relates to the priority projects of the South stream gas pipeline, which would connect Russia with Western Europe. They reported that the priority is the development of links with alternative energy sources in Russia, in particular, the development of...
  • Coldwater Creek Files for Bankruptcy

    04/11/2014 10:49:18 AM PDT · by Red Badger · 17 replies
    wsj.com ^ | 04-11-2014 | By Tom Corrigan And Michael Calia
    Coldwater Creek Inc., CWTR -27.68% a women's clothing and accessory retailer, filed for Chapter 11 bankruptcy protection in Delaware Friday with a plan to liquidate its inventory and close its stores after failing to attract a buyer. The retailer said it had considered several strategic alternatives over the past six months, including a sale, although it couldn't find a buyer or raise enough capital to fund its business. Coldwater, which operates a catalog business, retail and factory stores, as well as an e-commerce website, expects to start going-out-of-business sales to liquidate its inventory in early May. Like much of the...
  • Jim Willie: US Dollar Funeral At Hand!

    04/10/2014 5:58:29 PM PDT · by Errant · 36 replies
    Silver Doctors ^ | 10 April 2014 | Jim Willie
    A global clash of nations is underway in full gear. The time is finally right. The urgency is acute. The banking system insolvency is widespread. The illiquidity has reached the surface. The geopolitical chessboard has busy movements of many pieces, even with a delayed check in Ukraine after a devious capture of the Cyprus castle but not the Syrian knight. The Saudi support via OPEC for the Petro-Dollar has fallen out of view, dragging its pummeled chin on the desert sands. The Eastern superpowers are marching arm in arm, ready to challenge the West. It seems the Western leaders, in...
  • Bill Clinton Points Out Gloomy State of Economy Under Obama

    04/10/2014 3:16:30 PM PDT · by 2ndDivisionVet · 22 replies
    Breitbart's Big Government ^ | April 10, 2014 | Charlie Spiering
    During his speech at the Civil Rights Summit held at the LBJ Presidential Library, former President Bill Clinton sounded a gloomy note about the current state of the economy under President Obama. Clinton, whom Obama frequently described as the ďSecretary of Explaining Stuff,Ē pointed out that the current state of the economy made it more difficult to unite Americans politically. ďIt is all the more difficult today because of the economic conditions that we find ourselves, where medium family income today after inflation is still lower than it was the day I left office,Ē he said, adding, ďwhere all over...
  • Petition Demanding Removal Of Condoleezza Rice From Dropbox Board Pops Up Online, On Twitter

    04/10/2014 2:46:40 PM PDT · by 2ndDivisionVet · 14 replies
    TechCrunch ^ | April 10, 2014 | Sarah Perez
    Internet activists are at it again. Following yesterdayís news regarding the appointment of Condoleezza Rice, former United States Secretary of State and National Security Advisor, to the board of cloud storage and syncing service Dropbox, a petition has sprung up online, demanding that users tell Dropbox theyíre opposed to this move, and threaten to leave the service if Rice isnít removed from the board. The appointment was not met without controversy, of course, as Riceís position in the Bush administration saw her commenting on Saddam Husseinís alleged weapons of mass destruction, which played a role in the U.S. deciding to...
  • The Black Horse Draws Near...Rev 4-6 pt 13

    And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(Revelation 6:5-6)The Lamb, bearing the marks of slaughter, has taken a book from the hand of the One who sits on the throne. The...
  • NLRB Wants to Stop Businesses From Moving

    04/09/2014 11:56:13 PM PDT · by 2ndDivisionVet · 17 replies
    RealClearPolicy ^ | April 7, 2014 | Peter Schaumber
    Richard Griffin, the new general counsel of the National Labor Relations Board, wants to give unions a veto over a unionized employer's decision to relocate. If Griffin has his way, and he most assuredly will, some unionized businesses will be pinned in place at the discretion of their unions. The change Griffin is contemplating is unnecessary and inconsistent with both the law and the dynamics of our free-enterprise system. It will upset the balance mandated by the Supreme Court and should send a chill up the spine of unionized companies contemplating relocating an operation. Griffin's intent was disclosed in a...
  • 9 Of The Top 10 Occupations In America Pay An Average Wage Of Less Than $35,000 A Year

    According to stunning new numbers just released by the federal government, nine of the top ten most commonly held jobs in the United States pay an average wage of less than $35,000 a year. When you break that down, that means that most of these workers are making less than $3,000 a month before taxes. And once you consider how we are being taxed into oblivion, things become even more frightening. Can you pay a mortgage and support a family on just a couple grand a month? Of course not. In the old days, a single income would enable a...
  • A FairTax question - are investment transactions included as taxable end-user purchases? (vanity)

    04/08/2014 9:36:35 AM PDT · by lump in the melting pot · 4 replies
    my lumpy little brain | 04/08/2014 | me
    An honest inquiry. I'm a big supporter of tax reform in general, and the FairTax in particular sounds like a very good proposal to me. Query as to whether investment purchases (stocks / bonds / ETFs / etc.) are included in the FairTax plan, and if so, at what rate (same as consumer purchases or different)? Opinions welcome as to whether this is or is not a good idea (increased tax base plus encouraging investing as a long-term purchase, vs. possible detriment to the financial market)? Thanks in advance, the lump.
  • This Is What Employment In America Really Looks LikeÖ

    04/07/2014 7:01:21 PM PDT · by Errant · 32 replies
    The Economic Collapse ^ | 6 April 2014 | Michael Snyder
    The level of employment in the United States has been declining since the year 2000. There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed. Thanks to the offshoring of millions of jobs, the replacement of millions of workers with technology and the overall weakness of the U.S. economy, the percentage of Americans that are actually working is significantly lower than it was when this century began. And even though things have stabilized at a reduced level over the past few years, it is...
  • [VIDEO] What if you only had to pay taxes for the government services you actually wanted?

    04/06/2014 6:30:59 PM PDT · by RealityAlwaysWins · 16 replies
    Youtube ^ | 4/6/2014 | Reality Always Wins
    Video: What if you only paid the taxes on the things you actually wanted from the government?We are forced to pay for the NSA to listen to our calls, welfare for people who don't want to work, lifetime pensions for those in Congress, Obamacare, and on, and on, and on....... But we apparently *still* don't pay enough according to them. Something to think about on April 15th. PS: Ever notice how April 15th is about as far as you can get in either direction on a calendar from the elections in November?
  • Banks Play Ball with Government to Hand Over Your Assets

    04/06/2014 11:31:58 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | April 6, 2014 | Bruce Bialosky
    Four years ago, I wrote a column about how the state of California had passed a law to make retailers turn over any unused gift cards to the State after a set period. The law did not consider any effects on the retailer; just the fact that California was grubbing for new revenue flows and once greedy politicians see a target they can devise any rationale for why the money or new tax should be placed into their coffers. The column also explored how the State was taking money from unclaimed bank assets as if it were another revenue...
  • Ukraine Rejects Gas Price Rise Set By Russia

    04/05/2014 6:56:40 AM PDT · by Fennie · 124 replies
    AGI ^ | April 5, 2014
    (AGI) Kiev, April 5 - Ukraine has declared that they will not pay the price of almost 500 dollars per cubic metre for Russian gas, announced recently by the Russian gas consortium Gazprom. Kiev has also accused Moscow of conducting 'economic' aggression'. "Political presure will prove useless, we are not accepting the price of 500 dollars", Ukrainian Prime Minister Arseniy Yatsenuk said during a cabinet meeting. He added: "Russia has not succeeded in conquering Ukraine with military aggression, so now they are opting for an economic aggression."
  • The State Of The Big Four Recession Indicators

    04/04/2014 4:36:57 PM PDT · by blam · 7 replies
    BI - Advisor Perspetives ^ | 4-4-2014 | Doug Short, Advisor Perspectives
    The State Of The Big Four Recession Indicators Doug Short, Advisor Perspectives April 4, 2014, 6:25 PM Note from dshort: This commentary has been revised to include today's release of the March Nonfarm Employment data.Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are: Industrial...
  • A 400 point Hypothetical Dow Jones drop.... ~ Vanity

    04/04/2014 2:06:52 PM PDT · by GraceG · 15 replies
    So this is the 3rd time today I heard that the Dow only dropped 100 popints but should have dropped 400 points. Or so the news reader on the radio has been saying, i am a bit confused about this? What exactly are they trying to say? Are they insinuationg that the economy is rigged, which we all know to be true...
  • Tesla drivers like Drudge Report, financial news: study

    04/04/2014 12:00:37 PM PDT · by illiac · 3 replies
    Marketwatch ^ | 4/4/14 | MarketWatch
    Quantcast released a study this week looking at the browsing habits of Tesla Model S drivers. The sleek electric sports cars come equipped with a large center console monitor that includes a web browser. The headline number is that some 10% of Tesla page views went to the Drudge Report. This is despite the fact that Tesla TSLA -5.52% ownership is heavily concentrated in California, and that the car touts its environmentally friendly all-electric power system as part of its appeal. Breitbart suggested that the appeal of Drudge to Tesla drivers may be less in its generally conservative slant on...
  • LAYOFFS: NEW JERSEY'S STAR-LEDGER WIPES OUT 25% OF NEWSROOM

    04/04/2014 10:28:46 AM PDT · by Hojczyk · 26 replies
    Breitbart Big Journalism ^ | April 4,2014 | by JOHN NOLTE
    New Jersey's largest newspaper, the Star-Ledger, has announced that it will wipe out 25% of its newsroom staff with the elimination of 167 jobs, 40 of which are newsroom jobs that make up 25% of that staff. Of the Star-Ledger's current staff of 750, the only staffers being spared are among those who are unionized. Apparently existing labor contracts protected every single union member from the axe. In 2012, the Star-Ledger endorsed Barack Obama over his Republican rival Mitt Romney for re-election as president. The editorial board based its endorsement in part on Obama's handling of the economy. New Jersey.com...
  • Joe Biden: Raising Minimum Wage Will Empower And Feed Millions Of Americans

    04/03/2014 8:13:38 PM PDT · by 2ndDivisionVet · 46 replies
    Black Star News ^ | March 29, 2014 | Vice President Joe Biden
    Ladies and gentlemen, Iím Joe Biden. Iím filling in for President Obama, who is abroad. I want to talk to you today about the minimum wage and the overwhelming need to raise the minimum wage. Thereís no reason in the world why an American working 40 hours a week has to live in poverty. But right now a worker earning the federal minimum wage makes about $14,500 a year. And you all know that's incredibly hard for an individual to live on, let alone raise a family on. But if we raise the minimum wage to $10.10 an hour, that...
  • Brown: FHA's Insurance Premiums Sidelining Buyers

    04/03/2014 12:35:47 PM PDT · by illiac · 5 replies
    RealtorMag ^ | 4/3/14 | RealtorMag
    The rising insurance rates on Federal Housing Administration mortgages are putting home purchases ďincreasingly out of reachĒ for many qualified buyers who rely on FHA financing, National Association of REALTORSģ President Steve Brown wrote in a letter to FHA Commissioner Carol Galante. In the letter, Brown urged FHA to lower its annual mortgage insurance premiums. Brown acknowledged the significant losses that FHAís Mutual Mortgage Insurance Fund faced during the housing crisis. FHA increased its premium structure as one way to reach a required 2 percent capital reserve ratio. But now that the agency is on the path to recovery, NAR...
  • Stanley Furniture Closing Robbinsville Plant (North Carolina)

    04/02/2014 10:17:02 PM PDT · by 2ndDivisionVet · 65 replies
    Woodworking Network ^ | April 1, 2014
    HIGH POINT, NC - Stanley Furniture Company, Inc. today reported it will cease domestic furniture production in the factory that supports its Young America brand. ďWe have a healthy Stanley business that is making money. It is supported by a wonderful heritage, strong product in the field and future pipeline, and we are looking forward to the prospects of focusing our team solely on the growth and profitability of this brand in the short-termĒ ďWe have decided to cease manufacturing operations in Robbinsville,Ē said Glenn Prillaman, President and Chief Executive Officer. ďAfter a thorough review of both our own operations...
  • GOP gets O-Care angst (Establishment Republican strategists: Stop criticizing Obamacare so much)

    04/02/2014 6:45:32 AM PDT · by Qbert · 38 replies
    The Hill ^ | 04/02/14 | Alexander Bolton
    Anxious Senate Republicans are worried party leaders are focusing too much this election year on ObamaCare and not enough on jobs and the economy. The concern among GOP centrists comes as President Obama and congressional Democrats are crowing about a surge in late enrollments and claiming the political winds are shifting around the Affordable Care Act. A growing rift in the GOP was exposed when a group of Senate Republicans recently struck a bipartisan deal to extend unemployment benefits. Neither Speaker John Boehner (R-Ohio) nor Senate Minority Leader Mitch McConnell (R-Ky.) embraced the agreement. Sen. Dean Heller (R-Nev.), who spearheaded...
  • The Chinese Are Acquiring Large Chunks Of Land In Communities All Over America

    04/01/2014 11:34:06 PM PDT · by 2ndDivisionVet · 35 replies
    The American Dream ^ | March 31, 2014 | Michael Snyder
    Has the United States ever experienced a time when a foreign nation has attempted to buy up so much of our land all at once? As you will read about in this article, the Chinese are on a real estate buying spree all over America. In fact, in some cases large chunks of land are actually being given to them. Yes, you read that correctly. China is on the way to becoming the dominant land owner in the entire country, and that is starting to alarm a lot of people. Do we really want a foreign superpower to physically own...
  • The Next Age of Invention: Technologyís future is brighter than pessimists allow

    03/31/2014 8:46:44 PM PDT · by 2ndDivisionVet · 25 replies
    City Journal ^ | Winter 2014 | Professor Joel Mokyr
    The statement ďeverything that could be invented has been inventedĒ is frequently misattributed to the late-nineteenth-century American patent commissioner Charles Holland Duell. The Economist once credited him with the remark, and sites such as ďkool kwotesĒ still reproduce it. In fact, Duell believed the opposite. ďIn my opinion,Ē he wrote at the turn of the century, ďall previous advances in the various lines of invention will appear totally insignificant when compared with those which the present century will witness. I almost wish that I might live my life over again to see the wonders which are at the threshold.Ē While...
  • Martin Armstrong Warns This Is The Age Of Civil Unrest

    03/31/2014 1:51:05 PM PDT · by 2ndDivisionVet · 29 replies
    Zero Hedge ^ | March 31, 2014 | Tyler Durden
    Submitted by Martin Armstrong via ArmstrongEconomics, All governments had better open their eyes for we are on the brink of a major convergence between both the Cycle of Civil Unrest, Civil War & Revolution and International War. Both of these models converge and as I pointed out at the Cycles of War Conference, this is the first time we have seen this convergence since the 1700s. This is no plain modern event with civil unrest erupting because of an interconnected world. These are grassroots uprisings cross-fertilized perhaps from a world contagion yet they often have similarities Ė corrupt governments. Turkey,...
  • Thereís no fool like a young fool; young people still being screwed by Obama but love him anyway

    03/31/2014 10:23:46 AM PDT · by Oldpuppymax · 16 replies
    Coach is Right ^ | 3/31/14 | Kevin "Coach" Collins
    They have amassed huge college loan debts to pay for degrees made useless by his policies but young voters love the lies Barack Obama tells so they will continue to support him. They canít move out of their parentís basements or marry and eventually start a traditional family because Obama has crippled their efforts to live independent lives but they still love Obamaís lies. Telling themselves his policies will work is the only thing short of illegal drugs that eases their pain. The thought of ever affording a home of their own doesnít even enter their dreams because of Obamaís...
  • Smokiní Joe Biden Pierces Republican Hearts Saying Fair Wages Are Good for Business

    03/29/2014 11:59:31 PM PDT · by 2ndDivisionVet · 40 replies
    PoliticusUSA ^ | March 29, 2014 | Sarah Jones
    Vice President Joe Biden said Congress should raise the minimum wage because itís good for people, business, women, and the economy. He thinks you ought to call your do-nothing representative and ask why theyíre not passing a raise for the people. Smokiní Joe also burned a certain Speaker by saying that Congress ought to do it because itís what the people want. But Iím sure Joe knows that Speaker Boehner (R-OH) canít be bothered with what the people want. After all, heís got an itty bitty circus tent full of extremistsí egos to stroke in an election year, since theyíre...
  • US Citizen? No Foreign Bank Account For You!

    03/29/2014 7:50:16 PM PDT · by dontreadthis · 26 replies
    Activist Post ^ | March 26, 2014 | Jeff Berwick
    Many people laughingly remember the image of the Soup Nazi in Seinfeld. If you did anything out of order or that he didnít like, ďNo soup for you!Ē Sadly, thanks to the upcoming Foreign Account Tax Compliance Act (FATCA) in the US, banks around the world are turning away US passport holders, ďNo bank account for you!Ē But you don't even have to do anything wrong other than having been born a US citizen. Decades ago holding a US passport was a ticket to worldwide opportunity. Today it is nearly the opposite. First it started with the erosion of the...
  • Minimum Wage Boost Wins Senate And House Approval(CT raises min. wage to $10.10)

    03/27/2014 7:43:49 AM PDT · by matt04 · 37 replies
    The state's minimum wage will increase to $10.10 per hour by 2017 under a controversial bill approved Wednesday by both the state Senate and the House of Representatives on largely party line votes. The Senate passed the measure by 21 to 14, with all Republicans and one Democrat ó Sen. Joan Hartley of Waterbury ó voting no. One senator was absent. The House vote was 87 to 54, and all 87 supporters were Democrats. Four House Democrats, including Representatives John Hampton of Simsbury and Joe Diminico of Manchester, joined with Republicans against the measure. The bill would boost the wage...
  • Is Crowdsourced Labor the Future of Middle Class Employment?

    03/26/2014 1:43:23 PM PDT · by 2ndDivisionVet · 6 replies
    The Daily Beast ^ | March 26, 2014 | Sarah Kunst &#61593;
    Now that Obamacare has removed healthcare from employment, people can leave their cubicles and pursue part-time labor. With apps like Uber, that labor might happen on a micro-level. Dolly Partonís 9 to 5 anthem may need a 21st century reboot. In 2013, 75% of the almost 1 million new jobs added to the US economy were part time according to CNBC. Obamacare, a weak recovery, and global unrest are just some of the reasons cited for this phenomenon that contributes to the hot button issues of inequality and poverty. However, one nascent winner has been the rise of crowdsourced fractional...
  • The Real Inflation Fear - US Food Prices Are Up 19% In 2014

    03/26/2014 10:40:32 AM PDT · by blam · 53 replies
    Zero Hedge ^ | 3-26-2014 | Tyler Durden
    The Real Inflation Fear - US Food Prices Are Up 19% In 2014 Tyler Durden 03/26/2014 10:20 -0400We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 - up a staggering 19%...(snip)We're not allowed to post charts from Bloomberg so you'll have to click to the site to see the chart.
  • KOO: The US Is In A 'QE Trap' And Both The Markets And The Media Are Missing It

    03/26/2014 7:44:24 AM PDT · by blam · 12 replies
    KOO: The US Is In A 'QE Trap' And Both The Markets And The Media Are Missing It Joe WeisenthalMar. 26, 2014, 4:48 AM Nomura economist Richard Koo is out with his first comments since Janet Yellen's first FOMC meeting last week. Remember, Yellen briefly spooked markets with what some perceived to be a hawkish tone, mostly owing to the specificity with which she talked about the timing of the first rate hike. According to Koo, the US is in a "QE Trap" and both the market and the media are missing it. This trap, he says, explains the hawkish...
  • Obama's populist pitch fizzles - "2014 might not be the year for Democrats"

    03/26/2014 5:22:02 AM PDT · by Cincinatus' Wife · 24 replies
    The Hill ^ | March 26, 2014 | Bernie Becker
    President Obamaís populist economic pitch is fizzling. The White House hoped to hammer Republicans this year on an array of pocketbook issues centered on hiking the minimum wage to $10.10 an hour, an effort meant to appeal to independents and rally Democrats to the polls. Three months in, Obamaís approval ratings are flailing in the low 40s, and Senate Democrats havenít even been able to unify their 55 members on a minimum wage bill. Thatís made it tougher to contrast the positions of Democrats with Republicans in an election year that is shaping up to be about the healthcare law...
  • The Incompetence Of The Federal Reserve And Deep State Is Unavoidable

    03/25/2014 9:50:03 AM PDT · by Errant · 9 replies
    Zero Hedge ^ | 25 March 2014 | Charles Hugh-Smith
    It's not the managers who are incompetent, it's the organization itself that is incompetent. I received a number of interesting reader responses to my previous entries on the incompetence of the Federal Reserve and the Deep State: The Federal Reserve: Masters of the Universe or Trapped Incompetents? (March 21, 2014) Why Is Our Government (and Deep State) So Incompetent? (March 6, 2014) Some readers thought I was underestimating the power of these institutions to pursue essentially unlimited money-printing and related global strategies. While I understand the apparent power of unlimited money-printing and global Empire, my point (poorly articulated the first...
  • ALBERT EDWARDS: The Next Shock Will Be Enough To Send The Economy Into Recession

    03/25/2014 5:35:35 AM PDT · by blam · 14 replies
    BI ^ | 3-25-2014 | Sam Ro
    ALBERT EDWARDS: The Next Shock Will Be Enough To Send The Economy Into Recession Sam RoMar. 25, 2014, 8:15 AM ÔÄÉ Ôāô ÔÉē For years now, many economists have been predicting that a business investment recovery would come, spurring corporate profits, GDP growth, jobs, and all sorts of wonderful things for the economy. However, Albert Edwards and his colleagues at Societe Generale warn that it's not coming. "The bulls will point out, quite correctly, that on many key measures the profits situation in the US looks quite healthy," wrote Edwards in a new research note to clients. "But experience shows...
  • Obama's Overtime Gambit

    03/23/2014 12:14:59 PM PDT · by Kaslin · 9 replies
    Townhall.com ^ | March 23, 2014 | Steve Chapman
    If you take an economics course, you may learn about the different events that can cause an increase in workers' pay. The demand for the product a worker makes may rise, causing the demand for workers to go up. The supply of workers may decline, causing employers to bid up wages to keep the ones they have. But there's one event the textbooks don't cover: The president of the United States gives you a raise. Many workers will get news to the effect that he has done just that. But it's not as simple as it sounds. Barack Obama thinks...