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Keyword: obamnation

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  • Putin Buys 570 Metric Tons of Gold

    02/11/2013 3:13:43 PM PST · by BenLurkin · 26 replies
    macedoniaonline.eu ^ | Monday, 11 February 2013
    When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty. “The more gold a country has, the more sovereignty it will have if there’s a...
  • Mob attacks not about race (**wink, wink**)

    06/14/2012 10:30:07 AM PDT · by Chi-townChief · 51 replies
    Chicago Sun-times ^ | Jun 14, 2012 | MARY MITCHELL marym@suntimes.com
    I have never responded to the columnist down the river. But I was fascinated by Chicago Tribune columnist John Kass’ take on the recent mob attacks in and around the Streeterville neighborhood. In his interview with the unidentified doctor who was injured in the attack, Kass asked if the attack was “racial.” “I don’t think it was racially motivated,” the doctor said. “They were black, I’m Asian, but I think it was something else. I think it was about having fun because they could.” Still, whether white people are comfortable saying it out loud or choose to keep a lid...
  • The Return of Stagflation

    05/30/2011 6:10:59 PM PDT · by rabscuttle385 · 19 replies
    The Wall Street Journal ^ | 2011-05-23 | Ronald McKinnon
    'Stagflation" is an ugly word for an ugly situation: persistent high inflation combined with high unemployment and stagnant demand in a country's economy. The term was coined by British politician Iain Mcleod in a speech to Parliament in 1965. We haven't experienced it here in the United States since the bad old days of the 1970s. Yet with prices on the rise and unemployment still high, the U.S. economy again seems to be entering stagflation. April's producer price index for finished goods, which excludes services and falling home prices, rose 6.8%. The Bureau of Labor Statistics reports that intermediate goods...
  • Gas Prices..where is the outrage

    04/20/2011 2:15:45 PM PDT · by RVN Airplane Driver · 31 replies
    4-20-2011 | self
    Where is the uprising of the people over the rising prices at the pump which is effecting everyone even if you don't drive. I visited a Sam's club today and paid on the average 10-30 % more for the same items that I normally purchase every 90-180 days. All this while our congress critters are globe trotting around the world with their wives and staff on our dime. If the President would open up drilling this would go away overnight...of course that won't happen...P O'd...you bet your sweet buns I am and so should all Americans! If every FReeper would...
  • Future jobs won’t support decent living standard: Report (Walmart Greeters)

    04/01/2011 3:53:36 PM PDT · by mewykwistmas · 35 replies
    Yahoo ^ | 4/1/11 | Yahoo
    "The result? To achieve economic security, a single parent with two children needs an income of just over $30,000 a year--nearly twice the federal minimum wage--while a two-income household needs almost $68,000. The study then finds that, according to Labor Department projections, fewer than 13 percent of jobs to be created by 2018 will meet the economic security threshold for a single parent with two kids. Forty-three percent of those jobs will meet the threshold for a two-income household. In other words, most of the jobs of the future aren't likely to pay enough to offer the kind of stable,...
  • New home sales plunge to record low in February

    03/23/2011 7:25:38 AM PDT · by mlocher · 27 replies
    Reuters via Fidelity.com ^ | March 23, 2011 | Lucia Mutikani
    New home sales plunge to record low in February REUTERS — 6 MINUTES AGO WASHINGTON (Reuters) - New single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, a government report showed on Wednesday, suggesting the housing market slide was deepening. The Commerce Department said sales dropped 16.9 percent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, after an upwardly revised 301,000-unit pace in January. Sales plunged to all-time lows in three of the four regions last month. Economists polled by Reuters had...
  • Sales of new U.S. homes tumble 16.9% to record low

    03/23/2011 7:25:12 AM PDT · by library user · 172 replies
    CBS Marketwatch ^ | March 23, 2011 | by Steve Goldstein
    ~ EXCERPT ~ WASHINGTON (MarketWatch) — Sales of new single-family homes collapsed in February, the Commerce Department reported Wednesday, as a combination of high unemployment, tumbling prices and a glut of cheaper alternatives brought activity to a near-standstill. New-home sales fell 16.9% to a seasonally adjusted annual rate of 250,000 in February, though January’s figures were revised higher to 301,000 from 284,000. Compared to February 2010, sales collapsed by 28%. Every region but the West saw record lows, and in the Northeast, sales dropped by 50% compared to year-earlier levels.
  • Government posts biggest monthly deficit ever...

    The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning. That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse. Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the...
  • McDonald's may raise prices as food costs rise

    01/24/2011 6:54:46 PM PST · by BenLurkin · 21 replies
    pap ^ | Monday January 24, 2011, 1:56 pm EST | Sarah Skidmore, AP Food Industry Writer, On
    [T]he company said it expects food cost will rise 2 to 2.5 percent in the U.S. and 3.5 to 4.5 percent in Europe during the year. McDonald's has already raised some prices in the United Kingdom to cover higher costs. The company said as prices for beef and other ingredients and other cost pressures in the U.S. become more pronounced throughout the year, it will likely increase prices to offset some, but not all, of its higher costs.
  • Jobs picture gets worse in 27 states

    09/21/2010 8:40:11 AM PDT · by Signalman · 18 replies
    CNNMoney ^ | 9/21/2010 | Annalyn Censky
    NEW YORK (CNNMoney.com) -- The national unemployment rate may have only ticked up slightly in August, but on a state-by-state basis, the jobs picture continues to look a lot more grim in places like Nevada, Michigan and California. A total of 27 states reported higher unemployment rates in August, nearly double the 14 that saw increases in July, the Labor Department said in its monthly report on state unemployment Tuesday. While the rate remained at 9.6% for the country as a whole, Nevada, Michigan and California have consistently racked up rates above 12%. Nevada had the worst rate for the...
  • 30-year bond auction gets dismal reception (Obama deficits)

    05/07/2009 1:03:46 PM PDT · by St. Louis Conservative · 27 replies · 1,121+ views
    Reuters ^ | May 7, 2009 | Burton Frierson
    Demand weak at 30-year bond auction * Stocks, bonds fall after auction * Rising yields risk higher rates throughout economy (Recasts, adds quotes) By Burton Frierson NEW YORK, May 7 (Reuters) - A U.S. government auction of 30-year bonds met a dismal reception on Thursday, driving down bond and stock prices and raising fears the United States may face difficulty financing spending to stimulate the economy. The $14 billion auction met below-average demand from investors, who forced the government to pay a higher yield. An extended trend of rising yields could force up longer-term interest rates throughout the economy. It...
  • When Liberals just can't take it - Conservatives' Success

    08/17/2008 12:13:09 PM PDT · by Righting · 8 replies · 166+ views
    When Liberals just can't take it - Conservatives' SuccessAugust 17, 2008 Sadness at Libs-Nation at Obama-nation's number one on NYTimes best sellers list. So, somebody at the Liberal community dropped a 'bomb-rumor' that conservatives were bulk-buying the book and that was/is the "reason" for it being the number 1 best seller. From then on it became a "fact" by reporters, such journalists that pride on being thorough on real facts like: 'Newsweek' explained it not just as a probable cause, but as, again, a "fact". Without addressing if there was a bulk buying by cons. or not. First, Is anyone...