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Keyword: vodooeconomics

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  • After Two Years Of Obama ... Here's Your Change!

    05/06/2011 11:37:39 AM PDT · by Armaggedon · 27 replies · 1+ views
    After two years of Obama ... Here's your change! January 2009 TODAY % chg Source Avg.. Retail price/gallon gas in U.S. $1.83 $3.44 84% 1 Crude oil, European Brent (barrel) $43..48 $99..02 127.7% 2 Crude oil, West TX Inter. (barrel) $38..74 $91..38 135.9% 2 Gold: London (per troy oz.) $853.25 $1,369.50 60.5% 2 Corn, No.2 yellow, Central IL $3.56 $6.33 78.1% 2 Soybeans, No. 1 yellow, IL $9.66 $13..75 42.3% 2 Sugar, cane, raw, world, lb. Fob $13..37 $35..39 164.7% 2 Unemployment rate, non-farm, overall 7.6% 9.4% 23.7% 3 Unemployment rate, blacks 12.6% 15.8% 25.4% 3 Number of unemployed 11,616,000...
  • Unemployment Rate Rises (Back up to 9%)

    05/06/2011 6:15:26 AM PDT · by tobyhill · 73 replies
    wall street journal ^ | 5/6/2011 | LUCA DI LEO And JEFF BATER
    U.S. companies added more jobs than expected in April, but the unemployment rate rose for the first time in five months and the economy's recent slowdown is likely to keep a lid on gains. Nonfarm payrolls rose by 244,000 last month as the private sector posted the strongest employment gain in five years, the Labor Department said Friday in its survey of employers. The March data were revised upward to show an increase of 221,000 jobs, from a previous estimated gain of 216,000.
  • Unemployment applications hit eight-month high

    05/05/2011 11:59:27 AM PDT · by Jim from C-Town · 13 replies
    WASHINGTON -- The number of people applying for unemployment benefits surged last week to the highest level in eight months, a troubling sign a day ahead of the government's report on April employment. The Labor Department said Thursday that the 43,000 spike in applications to a seasonally adjusted 474,000 last week was largely the result of unusual factors, including a high number of school systems in New York that closed for spring break. Still, it marked the third increase in four weeks. The four-week average, a less volatile measure, rose for the fourth straight week to 431,250. Applications have jumped...
  • Double-dip recession is now undeniable

    05/05/2011 10:01:15 AM PDT · by Free Vulcan · 45 replies
    Marketwatch ^ | 5.5.11 | Michael Pento
    NEWPORT BEACH, Calif. (MarketWatch) — The evidence of a double-dipping housing market and economy are becoming undeniable, even to those who cling perilously to the notion that government intervention has been a salve instead of a poison. The main evidence presented on the part of the “permabulls” of a healing economy is that corporate earnings have been good. However, S&P 500 earnings from multinational corporations have been significantly boosted by a U.S. dollar DXY +1.28% that has lost nearly 15% of its value in the past 12 months. So earnings look great, but they don’t buy you very much, while...
  • Obama floats plan to tax cars by the mile

    05/05/2011 5:42:55 AM PDT · by Sub-Driver · 348 replies
    Obama floats plan to tax cars by the mile By Pete Kasperowicz - 05/05/11 07:45 AM ET The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they drive. The plan is a part of the administration's "Transportation Opportunities Act," an undated draft of which was obtained this week by Transportation Weekly. This follows a March Congressional Budget Office report that supported the idea of taxing drivers based on miles driven. Among other things, CBO suggested that a vehicle miles traveled (VMT)...
  • Jobless Claims Rise 43,000 to 474,000, Estimate Called for Decline of 19,000 (story developing)

    05/05/2011 5:44:26 AM PDT · by Rational Thought · 71 replies
    CNBC ^ | 05/05/2011
    Headline only.