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Keyword: economy

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  • The American Economy is a RINO: Republican In Name Only

    10/03/2015 1:35:10 PM PDT · by Kaslin · 12 replies ^ | October 3, 2015 | Jeff Crouere
    For the past few years, the Obama lovers in the media have been boasting about the supposedly great economy Americans are enjoying. According to this fictitious narrative, Obama’s strong leadership saved the economy and led to our “recovery,” but, in reality, we face today a RINO or “Recovery in Name Only” economy. The real economy was exposed in the September labor report. The country created only 142,000 new jobs, much less than expectations. This year, we are adding fewer than 200,000 new jobs each month, well below last year’s average of 260,000 new jobs per month. The so-called experts blame...
  • America’s RINO Economy: Recovery in name only

    10/03/2015 6:07:57 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 10/03/15 | Jeff Crouere
    After seven years of Obama, who raised taxes, almost doubled the national debt and created massive new government bureaucracies through the Affordable Care Act For the past few years, the Obama lovers in the media have been boasting about the supposedly great economy Americans are enjoying. According to this fictitious narrative, Obama’s strong leadership saved the economy and led to our “recovery,” but, in reality, we face today a RINO or “Recovery in Name Only” economy. The real economy was exposed in the September labor report. The country created only 142,000 new jobs, much less than expectations. This year, we...
  • The economy is stronger than weak job numbers suggest (Yahoo Propaganda Alert)

    10/02/2015 7:54:08 PM PDT · by SaveFerris · 24 replies
    Yahoo Finance ^ | 8 hours ago | By Rick Newman
    The prevailing narrative on the U.S. economy has downshifted, as three consecutive months of disappointing job growth raise concerns about a serious slowdown. There’s some good news to offset the bad, however: household incomes have finally shown a sharp gain, which means the typical family’s purchasing power is bouncing back. And the pace of car sales is accelerating toward record levels, with consumers more than willing to commit to costly long-term purchases. Meanwhile, several other indicators that don’t get as much attention as the monthly jobs report show sustained improvement in key parts of the economy. The monthly employment report...
  • Why U.S. Economy Shrugs Off Stalling Manufacturing

    10/02/2015 12:02:44 PM PDT · by expat_panama · 26 replies
    Investors Busniness Daily ^ | 10/01/2015 | JED GRAHAM
    The manufacturing sector continued to cool in September, registering the slowest growth in more than two years as economic weakness around the globe and a stronger dollar hit exports. But the lack of momentum, outside the auto sector, hasn't kept the rest of the economy from chugging along. Autos zipped out of showrooms last month at the fastest rate since July 2005. The Institute for Supply Management's U.S. factory gauge slid 0.9 point last month to 50.2 — just above the 50 neutral level. Exports were the weakest link in a sluggish report, contracting at a rate that matches the...
  • Labor Force Participation Sinks To A 38-Year Low

    10/02/2015 6:23:08 AM PDT · by blam · 13 replies
    BI ^ | 10-2-2015 | Andy Kiersz
    Andy KierszOctober 2, 2015 The September jobs report was broadly disappointing, with very few points of optimism. Along with non-farm payrolls and wage growth missing expectations, the civilian labor force participation rate — the percentage of the US population that is either working or looking for a job — fell by 0.2 percentage points to 62.4%. This is the lowest reading since October 1977.(snip)
  • Fed in focus as jobs data looms

    10/02/2015 4:12:39 AM PDT · by expat_panama · 22 replies
    Yahoo Finance ^ | Fri, Oct 2, 2015 | Lionel Laurent
    LONDON (Reuters) - Gains for European and Asia stocks capped a wild week for financial markets on Friday, ahead of a key U.S. jobs report that could determine the chances of the Federal Reserve raising interest rates before year-end. Concerns about U.S. monetary policy and slowdown in emerging markets led by China have hit commodities markets and related stocks like Glencore and sent credit spreads wider this week in the wake of a summertime surge in volatility. An escalation of fighting in Syria, with Russian air strikes marking its biggest Middle East intervention in decades, has so far failed to...
  • Can the U.S. Remain An International Financial Center?

    10/01/2015 4:37:22 AM PDT · by expat_panama · 7 replies
    Real Clear Markets ^ | October 1, 2015 | Daniel Gallagher & Hal Scott
    For as long as most of us can remember, the U.S. capital markets have been the envy of the world, promoting the free movement of capital and propelling innovation and growth within a framework of stability and the rule of law. But can the U.S. remain an international financial center? To be blunt, the answer is no-at least, not without major reforms. This may surprise many who are comfortable thinking of the U.S. capital markets as the envy of the world. But increasingly, our foreign counterparts view us not with envy, but as a cautionary tale. Concerns regarding the competitiveness...
  • Philippines seen among least at risk

    09/30/2015 8:34:10 PM PDT · by 2ndDivisionVet · 15 replies
    Business World ^ | September 30, 2015 | Mikhail Franz E. Flores, Senior Reporter
    THE PHILIPPINES appears least vulnerable to major risks that could darken the economic growth outlook and affect the sovereign credit scores of emerging markets, debt watcher Standard & Poor’s Ratings Services said in a new report. In a Sept. 29 report, titled: “Who’s at Risk? Emerging Market Sovereigns are Facing Adverse Global Trends,” S&P cited three risks on the growth prospects of 22 emerging economies: capital outflows from developing to advanced markets once the Federal Reserve hikes interest rates, unwinding of domestic credit built up in recent years and China’s economic growth slowdown. Among 22 markets it assessed, the Philippines...
  • Nine simple charts that demonstrate the disaster of Obama’s economic policies

    09/30/2015 3:48:30 PM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 09/30/15 | Dan Calabrese
    Recovery? Er, no . . . Gauging the economic performance of a president is a tricky thing for a lot of reasons, not least of which is the fact that so many statistics sound like apples-to-apples but really aren’t (like the U3 unemployment rate for example, which doesn’t tell you the change in labor force participation), and the fact that politicians cherry-pick statistics that don’t always mean what they want you to think they mean (like “jobs created”). There is also this: Much of what happens in the economy is not controlled by politicians. That’s a hard one to swallow...
  • More layoffs hit Bowie coal mine ( Colorado, Utah, and )

    09/30/2015 7:43:51 AM PDT · by george76 · 22 replies
    Grand Junction Media ^ | September 29, 2015 | Dennis Webb
    Bowie Resource Partners plans to lay off nearly 100 people at its Bowie #2 Mine near Paonia in the latest setback to coal employment in the North Fork Valley. The company said Tuesday that it anticipates laying off 78 workers and 19 contractors from the mine, where 181 full-time employees and 19 contractors work now. ... it is continuing to evaluate the market for the mine’s coal after losing a contract to sell to the Tennessee Valley Authority a year ago. The loss of that contract caused Bowie to eliminate about 150 jobs at that time. Bowie operates three underground...
  • Step Aside Detroit: There Is A New "Worst" City For Housing In The U.S.

    09/30/2015 7:28:21 AM PDT · by smartyaz · 19 replies
    zh ^ | 09/29/2015 | Tyler Durden
    It will come as no surprise that the west, with San Diego, is where the gains are still frothiest: after all the Chinese "hot money" exporters are rushing to park their funds before the exit door slams shut, and are doing so as close to home as possible. What was surprising is the other end of the spectrum, because as Case-Shiller clearly shows, Detroit - after staging a brief dead cat bounce in the aftermath of its bankruptcy and since sliding once again - may no longer be the worst city for home prices in the US. It has now...
  • Here’s what Wall Street isn’t telling you about this stock market

    09/30/2015 6:38:45 AM PDT · by SkyPilot · 16 replies
    Market Watch ^ | 30 Sep 15 | Barbara Kollmeyer
    Welcome to the worst day of the year for investors, though you wouldn’t know it by looking at stock futures this morning. Thank the portfolio window-dressers or bouncy dead cats, but the market looks set to fly. Anyway, that gloomy prognosis for the day fits nicely with the disastrous end to the quarter we’re headed for, set to finish with 8% to 9% losses for the big U.S. indexes. The quarter has delivered the biggest point declines for the Dow industrials DJIA, +1.41% and the Nasdaq Composite COMP, +1.82% since the end of 2008, and the biggest for the...
  • World set for emerging market mass default, warns IMF

    09/30/2015 4:23:20 AM PDT · by expat_panama · 38 replies
    UK Telegraph ^ | 29 Sep 2015 | Szu Ping Chan
    The International Monetary Fund (IMF) has issued a double warning over higher US interest rates, which it said could trigger a wave of emerging market corporate defaults and panic in financial markets as liquidity evaporates. The IMF said corporate debts in emerging markets ballooned to $18 trillion (Ł12 trillion) last year, from $4 trillion in 2004 as companies gorged themselves on cheap debt. It said the quadrupling in debt had been accompanied by weaker balance sheets, making companies more vulnerable to US rate rises. "As advanced economies normalise monetary policy, emerging markets should prepare for an increase in corporate failures,"...
  • Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid

    09/29/2015 11:25:20 PM PDT · by RC one · 4 replies
    Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi BidOne of the key things to understand about China’s liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something that’s been taking place in other emerging markets for some time.As we outlined in “Why It Really All Comes Down To The Death Of The Petrodollar,” the forced sale of Beijing’s UST reserves is simply the most dramatic example of what Deutsche Bank has called “quantitative tightening.” For years, reserve managers in the world’s emerging economies...
  • Temporary Visas, Meant to Import Talent, Help Ship Jobs Abroad

    09/29/2015 4:55:30 PM PDT · by Theoria · 19 replies
    The New York Times ^ | 29 Sept 2015 | Julia Preston
    When Congress designed temporary work visa programs, the idea was to bring in foreigners with specialized, hard-to-find skills who would help American companies grow, creating jobs to expand the economy. Now, though, some companies are bringing in workers on those visas to help move jobs out of the country.For four weeks this spring, a young woman from India on a temporary visa sat elbow to elbow with an American accountant in a snug cubicle at the headquarters of Toys “R” Us here. The Indian woman, an employee of a giant outsourcing company in India hired by Toys “R” Us, studied...
  • South Dakota Tribe to Open Nation's 1st Marijuana Resort

    09/29/2015 2:13:49 PM PDT · by 2ndDivisionVet · 36 replies
    ABC News ^ | September 29, 2015 | Regina Garcia Cano, The Associated Press
    FLANDREAU, S.D. — The Santee Sioux tribe has already proven its business acumen, running a successful casino, a 120-room hotel and a 240-head buffalo ranch on the plains of South Dakota. But those enterprises have not been immune to competition and the lingering effects of the Great Recession, so the small tribe of 400 is undertaking a new venture — opening the nation's first marijuana resort on its reservation. The experiment could offer a new money-making model for tribes nationwide seeking economic opportunities beyond casinos. Santee Sioux leaders plan to grow their own pot and sell it in a smoking...
  • Danger Ahead A Message from Carl Icahn

    09/29/2015 10:54:20 AM PDT · by SoFloFreeper · 10 replies
    Carl ^ | 9/29/15 | Carl Icahn
    Current Views & News
  • Carl Icahn ...... danger ahead

    09/29/2015 5:28:09 AM PDT · by Jack Hydrazine · 7 replies
    GoogTube ^ | 29SEP2015 | Carl Icahn
    Carl Icahn Says Market "Way Overpriced", Warns "God Knows Where This Is Going"
  • Global tax bullies --International money grubbers hope no one will notice

    09/29/2015 4:44:33 AM PDT · by expat_panama · 16 replies
    Washington Times ^ | Monday, September 28, 2015 | Richard W. Rahn
    Are you aware that there is an international effort to increase taxes, including those paid by Americans? On Oct. 5, the Organization for Economic Cooperation and Development (OECD) will release its “final package of measures for a co-ordinated international approach to reform the tax system under the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project.” In plain English,..[snip] It has also been well known that as government spending on pensions and other “entitlements” grows, it has a negative effect on hours worked and economic growth. A new paper published by the European Central Bank also shows a strong negative...
  • Donald Trump's wild claim: Unemployment is 42%

    09/28/2015 5:47:46 PM PDT · by 2ndDivisionVet · 93 replies
    CNN Money ^ | September 28, 2015 | Heather Long
    The official U.S. unemployment rate is 5.1% -- the lowest in seven years -- but Donald Trump calls that a "joke." On Monday, he claimed he'd seen numbers that show America's real unemployment rate is as high as 42%. How does he arrive at such a wild figure? Trump appears to be looking at the number of American adults not working. Period. Out of about 251 million American adults, roughly 102 million -- or 40.6% -- aren't working. But, of course, there are a lot of reasons people don't work. They could be disabled, in college, at home raising kids...
  • UBS Is About To Blow The Cover On A Massive Gold-Rigging Scandal

    09/28/2015 5:06:30 PM PDT · by SkyPilot · 64 replies
    Zero Hedge ^ | 28 Sep 15 | Tyler Durden
    With countless settlements documenting the rigging of every single asset class, it was only a matter of time before the regulators - some 10 years behind the curve as usual - finally cracked down on gold manipulation as well, even though as we have shown in the past, central banks in general and the Fed in particular are among the biggest gold manipulators. That said, we are confident by now nobody will be surprised that there was manipulation going on in the gold casino. In fact, ever since Germany's Bafin launched a probe into Deutsche Bank for gold and silver...
  • The American Consumer Has Offset The Entirety Of The Economic Fallout From The Global Slowdown

    09/28/2015 1:58:13 PM PDT · by blam · 28 replies
    BI ^ | 9-28-2015 | Elena Holodny
    Elena HolodnySeptember 28, 2015The US economy grew at a 3.9% pace in the second quarter. The Bureau of Economic Analysis noted that the rise in the GDP was led by consumer spending on healthcare, food services, and accommodation. But notably, the good news about US consumers comes at a time when the rest of the global economy isn't doing so great. Those concerned about the US economy are inevitably wondering which has the bigger incremental effect on growth: the healthy US economy or the ailing international economy? In a recent note to clients, RBC Capital Markets chief US economist Tom...
  • Census Data Proves It – There Was No Economic Recovery Unless You Were Already Rich

    09/28/2015 12:24:40 PM PDT · by GilGil · 17 replies ^ | 9/17/2015 | Michael Krieger
    From Bloomberg: U.S. Census Bureau data out Wednesday underscore just how lousy the recovery has been if you aren’t rich. Looking at eight groups of household income selected by Census, only those whose incomes are already high to begin with have seen improvement since 2006, the last full year of expansion before the recession. Households at the 95th and 90th percentiles had larger earnings through 2014, the latest year for which data are available.
  • The Stock Markets of the 10 Largest Global Economies Are All Crashing (And the media is silent)

    09/28/2015 6:25:25 AM PDT · by xzins · 55 replies
    Charisma News ^ | 28 Sep 15 | MICHAEL SNYDER
    You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far, mainstream media in the United States are treating it like it isn't really a big deal.Over the last 60 days, we have witnessed the most significant global stock market decline since fall 2008, and yet most people still seem to think that this is just a temporary "bump in the road" and that the bull market will soon resume. Hopefully they are right.When the Dow Jones Industrial Average plummeted 777 points on Sept. 29, 2008,...
  • Investors Very Bearish, & That's Good News - Mark Hulbert, MarketWatch

    09/28/2015 4:12:08 AM PDT · by expat_panama · 17 replies
    Market Watch ^ | Sept 25, 2015 | Mark Hulbert
    CHAPEL HILL, N.C. (MarketWatch) — Bearishness has reached an extreme not seen at least since the top of the Internet bubble in early 2000.Yet this is a bullish omen, according to the inverse logic of contrarian analysis: Extreme levels of bearishness indicate that there is a very robust “wall of worry” for the market to climb.These at least are the conclusions that emerge upon analyzing the average recommended equity exposure among a subset of Nasdaq-oriented market timers (as measured by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI). Since the Nasdaq responds especially quickly to changes in investor mood,...
  • UN Sustainable Development Goals: Here’s what you need to know

    09/27/2015 6:56:08 AM PDT · by expat_panama · 17 replies
    The Indian Express ^ | September 25, 2015 | Kavitha Iyer
    What is sustainable development? The United Nations defines sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”... What are the Sustainable Development Goals to be adopted today? [snip] But what are the goals exactly? End poverty in all forms; end hunger, achieve food security and improved nutrition and promote sustainable agriculture; ensure inclusive and equitable quality education; achieve gender equality and empower all women and girls; ensure availability and sustainable management of water and sanitation for all; ensure access to affordable, reliable, sustainable and modern energy...
  • Ruminations on the 2016 Election

    09/27/2015 1:07:13 AM PDT · by 2ndDivisionVet · 4 replies
    The Z Man ^ | September 22, 2015 | The Z Man
    There’s an old chestnut about how a frog in water that is very slowly heated will not jump out. Instead it will remain in the water and be boiled alive. This is most likely untrue as frogs are not as stupid as people, but the metaphor is often used to describe how cultures can evolve in terrible directions. Anyone over the age of 40 understands this because they can think back to their childhood, seeing how things have changed, for good and ill. A better example of this is the immigration crisis in Europe. Over the last few decades, European...
  • The Middle-Class Squeeze

    09/26/2015 7:14:32 AM PDT · by Theoria · 12 replies
    The Wall Street Journal ^ | 26 Sept 2015 | Charles Moore
    If Western countries want to disprove the dire forecasts of Karl Marx, we must think creatively about how to make the middle class more prosperous and secure Go back, for a moment, nearly 30 years. In March 1987, Margaret Thatcher visited Mikhail Gorbachev, the reforming leader of the Communist Party of the Soviet Union, in Moscow. Sitting in the Kremlin, the two argued for hours. At one point, Mr. Gorbachev accused Mrs. Thatcher of leading the party of the “haves” and of fooling the people about who really controlled the levers of power. The Iron Lady had an answer: “I...
  • Final 2nd-quarter GDP estimate: +3.9%

    09/26/2015 6:15:30 AM PDT · by SeekAndFind · 15 replies
    h ^ | 09/26/2015 | Steve Eggleston
    Earlier today, the Bureau of Economic Analysis released the third and final estimate of GDP growth for the 2nd quarter, and on a seasonally-adjusted, annualized basis, real GDP grew by 3.9% in the past quarter. From the BEA release: The GDP estimate released today is based on more complete source data than were available for the “second” estimate issued last month. In the second estimate, the increase in real GDP was 3.7 percent. With the third estimate for the second quarter, the general picture of economic growth remains the same; personal consumption expenditures (PCE) and nonresidential fixed investment increased...
  • As President Xi visits the United States, China’s economy is at a tipping point

    09/26/2015 5:42:18 AM PDT · by SeekAndFind · 4 replies
    Reuters ^ | 09/26/2015 | By Shuaihua Wallace Cheng
    China has narrowly escaped major financial crises for over two decades. But the good times may soon be over — and not because of the recent stock market crash. The roller coaster of Chinese stock prices this summer has triggered debates about whether China now faces a serious economic crisis. The Telegraph compared China’s equity bubbles to the situation that led to the 1929 Great Depression. The New York Times and Fortune, on the other hand, have argued that equity bubbles are merely false alarms, and fears about China are overblown. In the short term, the latter argument is more...
  • The Financial Wisdom Of Yogi Berra

    09/25/2015 4:35:16 AM PDT · by expat_panama · 8 replies
    Forbes ^ | Sep 24, 2015 | Ken Kamen
    1. “When you come to the fork in the road, take it.” Financial concept: Diversify. No one path leads to investment success. 2. “It’s like déjŕ vu all over again.” Financial concept: Expect volatility. Market gyrations are nothing new; don’t let them freak you out. 3. ”I knew the record would stand until it was broken.” Financial concept: Ignore hyperbolic headlines. Things are never as good or as bad as today’s headlines suggest. 4. “We made too many wrong mistakes.” Financial concept: Stop doing what hasn’t worked. Investing is about homework and discipline, not hot tips and hunches. 5. “It’s...
  • Janet Yellen Falters During Speech, Receives Medical Attention, All-Clear Given

    09/24/2015 8:36:28 PM PDT · by traumer · 87 replies
    For those watching Janet Yellen's speech this evening, the fact that she seemed to struggle towards the end of her speech was a surprise. Now we know why... **FED'S YELLEN GETTING MEDICAL ATTENTION AFTER SPEECH -REUTERS It is hardly surprising given that she now carries the weight of the world's economic and market strength on her shoulders. As MarketWatch's Greg Robb noted, Yellen faltered at end of her speech. Last page was agonizing. I don't think she felt well but she seemed better when she left the stage. Bloomberg reports, Federal Reserve Chair Janet Yellen is resuming her planned schedule...
  • The most important driver of stock prices is finally rolling over [NO MORE EARNINGS GROWTH]

    09/24/2015 3:58:36 AM PDT · by expat_panama · 39 replies
    Business Insider ^ | Sep. 22, 2015 | Sam Ro
    The most important driver of stock prices is earnings. "Earnings hold the key," Barclays' Ian Scott writes. "The key to the outlook for global equities is earnings, with global valuations in line with historical averages, a supportive monetary policy backdrop, and very bearish sentiment, a major hit to [earnings per share] is the main risk for the market," Scott argued in a new note to clients. In the US, corporate earnings growth has been slowing for months. "It's amazing how forgiving the general commentary has been on profits and even the broad economy," Deutsche Bank's David Bianco said in an...
  • Donald Trump to unveil his tax plan next week

    09/23/2015 7:04:47 PM PDT · by E. Pluribus Unum · 77 replies
    CNN via Click2Houston ^ | 09/23/2015 | Tom LoBianco CNN
    Trump promises his plan will be 'great' for middle income residents, businesses WASHINGTON (CNN) - Republican front-runner Donald Trump said Wednesday he will unveil his tax plan next week, which will call for middle class tax cuts and hikes for hedge fund managers. "(It) will be very long on policy and will be a great plan, with a major reduction in taxes for the middle class," Trump said at a town hall meeting in Columbia, South Carolina, at the University of South Carolina. Trump promised that his plan would be "great" for middle income residents and businesses, but not so...
  • Why Corporate Leaders Push For Immigration

    09/23/2015 1:53:23 PM PDT · by 2ndDivisionVet · 11 replies
    Henry Dampier's Website ^ | September 22, 2015 | Henry Dampier
    The obvious reason is just to enhance their bargaining power against their employees. Increasing the supply of potential employees enhances the relative position of labor’s buy-side. It’s cheaper to bribe politicians to open up the borders than it is to raise the prices that they pay to labor. Furthermore, corporate leaders only bear some of the costs of increasing immigration and diversity: the state handles those costs. The gangster sons of immigrant fruit-pickers are the government’s problem — not so much the problem of the agribusiness which lobbied to import them. Much of corporate culture — especially in the era...
  • What Donald Trump Doesn’t Know about Hedge Funds

    09/23/2015 4:28:49 AM PDT · by expat_panama · 63 replies
    National Review ^ | September 22, 2015 | Kevin D. Williamson
    Donald Trump has promised that he will ease burdens on the middle class by going after “the hedge-fund guys,” who, he believes, do not pay enough in taxes. “They’re making a tremendous amount of money — they have to pay taxes,” he says. Because the one thing in which Trump is consistent is his vagueness, it is not 100 percent clear whether what he is talking about is the so-called carried-interest loophole, which is very much on the minds of people with economic-policy views similar to Trump’s — meaning Bernie Sanders and Hillary Rodham Clinton and other cookie-cutter progressives...
  • Unemployment keeps going down. So why aren't wages going up?

    09/22/2015 5:50:23 PM PDT · by ForYourChildren · 51 replies
    CNN ^ | September 21, 2015 | Heather Long
    Pay hasn't budged in years. It's a problem that goes far beyond those earning minimum wage and fighting for $15 an hour. The middle class is stagnating too. American household income is just shy of $54,000. It's barely moved from where it was 20 years ago. In recent years, many economists and the Federal Reserve have said: Don't worry! Wage increases are coming along with a better economy. "The economy has been performing well. And we expect it to continue to do so," Fed chair Janet Yellen, America's top economic policymaker, said Thursday. But Main Street Americans can hardly draw...
  • A stunning stat about pay seems impossible but actually is true

    09/22/2015 4:37:18 PM PDT · by ForYourChildren · 58 replies
    The Washington Post ^ | September 22, 2015 | Matt O'Brien
    Once upon a time, American men used to get something called a "raise." That is when your employer would actually pay you more money. Now, it is true that some people still have experience with this all-but-forgotten practice, but even the ones who do tend not to get pay increases that keep up with price increases. That is why, as David Wessel of the Brookings Institution points out, the typical male worker actually saw his after-inflation pay fall between 1973 and 2014. What is four lost decades between friends? So why, as you can see below, have median male earnings...
  • Markets Are Getting Slammed

    09/22/2015 6:40:41 AM PDT · by blam · 9 replies
    BI ^ | 9-22-2015 | Sam Ro and Myles Udland
    Sam Ro and Myles UdlandSeptember 22, 2015 Markets around the world are getting slammed. Dow futures are down as much as 240, S&P futures are down 30, and Nasdaq futures are down 80. This brings losses for each of the major US indexes to more than 1.4%. In Europe, Britain's FTSE, Germany's DAX, France's CAC 40, and Spain's IBEX are all down by more than 2%. The biggest news for the second day in a row is Volkswagen, which is slowly rolling out information regarding software designed to give its diesel cars false emissions data. On Tuesday, the company said...
  • Can The Saudi Economy Resist ‘Much Lower For Much Longer’?

    09/21/2015 11:47:54 AM PDT · by bananaman22 · 20 replies ^ | 21-09-2015 | NorthAmericanResources
    We must all hang together, or assuredly we shall all hang separately. - Benjamin Franklin, at the signing of the U.S. Declaration of Independence- The previous article in this series on Saudi oil policies asked what the Saudis planned to do as their encore in 2016 after sacrificing approximately $100 billion in crude oil export revenue in 2015 in pursuit of market share. This article provides the author’s answer: the Saudis must alter course, seek a consensus on prices and volumes with their fellow OPEC members, coordinate with Russia, and reduce output from 2015’s average (approx. 10.5 mmbbl/d) to signal...
  • Are You Better Off Financially Than the Average American?

    09/21/2015 3:58:42 AM PDT · by expat_panama · 53 replies
    Motley Fool ^ | Sep 20, 2015 | Todd Campbell
    Comparing net worth, income, debt and retirement nest eggs for the typical American. Is your network higher or lower than people of a similar age? How does your pay compare with others? Do you have more debt than the average Joe or Jane? Do you have more or less money set aside for retirement than your neighbors? Knowing how you stack up financially to your peers can offer up insight that allows you to make changes that can secure your financial future, so let's take a closer look at how you stack up against the average American.Net worth varies widelyLast...
  • Obama’s Job Killing Gift to Big Labor - ambushing the economy’s job-creators

    09/21/2015 3:40:25 AM PDT · by Cincinatus' Wife · 8 replies
    The American Spectator ^ | September 21, 2015 | Trey Kovacs
    The Obama administration rewarded its union allies last month with a decision that threatens millions of jobs and thousands of businesses, from staffing agencies to cleaning services and auto-repair shops to construction companies. In a case involving Browning-Ferris Industries (BFI), the National Labor Relations Board (NLRB) decided to unilaterally redefine the concept of joint employment—when more than one business is responsible for an employee or group of employees—and made it easier to unionize large corporations. This ruling could have a devastating effect on small businesses, job creation, and the U.S. economy.......... Before last week, two businesses were deemed joint employers...
  • Dr. Ireland explains the benefits of lifting the decades-old ban on exporting U.S. crude oil.

    09/21/2015 2:39:57 AM PDT · by RaceBannon · 10 replies
    The Jacki Daily Show ^ | 8/19/14 | Dr Ed Ireland
    In Segment 1, Dr. Ireland explains the benefits of lifting the decades-old ban on exporting U.S. crude oil. In Segment 2, Dr. Ireland explains the benefits of building the Keystone XL pipeline.
  • Fed Audit Shocker: They Come from Planet Klepto(maniac)

    09/20/2015 2:17:29 PM PDT · by entropy12 · 5 replies
    Youtube ^ | Sep 14, 2015 | Best Evidence
    While the world breathlessly awaits the outcome of this week’s FOMC meeting—will the Federal Reserve raise interest rates or won’t it?—one thing is clear regardless: the Fed is driving the U.S. into a 2nd depression in order to carry out its one and only remit now that America’s ability to produce real jobs has been reduced to ash, namely, propping up criminal banks with multi-trillion-dollar giveaways. What’s so disturbing about the fatal path that the Fed has been on for 7 years is that it's one the Fed went down before, when—by its own admission—it extended and deepened the Great...
  • Martin Armstrong Warns "Hell Is About To Break Loose"

    09/20/2015 11:30:44 AM PDT · by Jack Hydrazine · 141 replies
    Zero Hedge ^ | 20SEP2015 | Tyler Durden
    Yellen has inherited a complete nightmare. Thursday’s decision to delay yet again the long-awaited liftoff from zero interest rates is illustrating that the world economy is totally screwed. There is a lot of speculation about why the Fed seems so reluctant to “normalize monetary policy”. There are of course the typical domestic issues that there is low inflation, weak wage gains in the face of strong job growth, a hike will increase the Federal deficit and then there is the argument that corporations that now have $12.5 trillion in debt. All that is nice, but with corporate debt, our clients...
  • Florida Turnaround Story

    09/20/2015 11:53:00 AM PDT · by SoFloFreeper · 16 replies
    Rick Scott/Twitter ^ | 9/20/15 | Rick Scott, et al
    The #Florida Turnaround story under Governor Scott @FLDEO
  • Coca-Cola: IRS says we owe $3.3 billion in back taxes

    09/19/2015 10:50:46 PM PDT · by ForYourChildren · 59 replies
    Finance Yahoo AP ^ | September 18, 2015 | na
    Coca-Cola was notified by the IRS that it owes $3.3 billion more in federal taxes, as well as interest, for 2007 to 2009, the company said Friday. The Atlanta-based company said in a regulatory filing that it believes the assessments from the Internal Revenue Service are without merit and plans to pursue "all administrative and judicial remedies necessary to resolve the matter." The maker of Sprite, Dasani, Powerade and other drinks says the disagreement is over how much it should report as taxable income in the U.S., in relation with licensing that allows its foreign affiliates to sell products like...
  • 30-Year Trade Deficit with Mexico

    09/19/2015 12:26:51 PM PDT · by NaturalBornConservative · 22 replies
    Natural Born Conservative ^ | September 19, 2015 | Larry Walker II
    Trump Nails It- By: Larry Walker II -Last year our trade deficit with Mexico totaled $53.8 billion, and is projected to end about the same in 2015. When the last three decades are summed, we find that the United States 30-year trade deficit with Mexico amounts to $910.2 billion. Although this has been great for Mexico, it hasn’t been so great for the United States. Looking back over the last 30 years, we find that the United States actually ran trade surpluses with Mexico in 1991 through 1994, and then came the North Atlantic Free Trade Agreement (NAFTA - 1994)....
  • Philippines to complete 100 Go Negosyo centers in September (Business incubators)

    09/18/2015 8:24:59 PM PDT · by 2ndDivisionVet · 2 replies
    Rappler ^ | September 18, 2015 | Chrisee Dela Paz
    The centers are seen to help micro-, small-, and medium-scale entrepreneurs with business registration, financing, and market promotion.MANILA, Philippines — The Philippines expects to complete construction of 100 Go Negosyo centers by the end of September – 3 months ahead of target – providing micro, small, and medium enterprises (MSMEs) extra push to expand operations. "For Negosyo centers, we have 92 up already. We continue to monitor the progress of the centers. Anecdotally, we’ve seen that they’ve been able to help micro and small entrepreneurs," Senator Paolo Benigno Aquino IV told reporters on the sidelines of P&G Leadership College 2015...
  • Clicking Their Way to Outrage [Why the outrageous Fed makes us angry]

    09/18/2015 4:18:06 AM PDT · by expat_panama · 31 replies
    New York Times ^ | JULY 3, 2014 | Teddy Wayne
    You needn’t Google far for recent case studies of Internet outrage. Log in to a social network and you’ll find it directed at celebrities and civilians alike. (See: Woody Allen, Stephen Colbert and Justine Sacco, the former communications director for IAC who posted an insensitive Twitter message about AIDS in Africa.) Politicians are a perennial favorite: Chris Christie, Rob Ford, Anthony Weiner. Then there’s the bigger game: courts of law, social movements, news media outlets, corporations and governments that have rubbed people the wrong way. As a now-hackneyed joke goes on Twitter, “What are we angry about today?” Bile has...