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Keyword: economiccrisis

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  • WIKILEAKS: Obama Transition Team Intentionally Avoided Intl meeting to Address 2008 Financial Crisis

    11/03/2016 7:15:19 PM PDT · by SSS Two · 3 replies
    Wikileaks ^ | 11-02-2016 | Dan Tarullo (Current Fed Governor)
    November 2, 2008 To: Senator Obama From: Transition Economic Team Subject: Participation in G20 Meeting Under pressure from President Sarkozy and some other European leaders, President Bush has called the leaders of the G20 countries to Washington for a meeting on November 15 to discuss the international financial crisis. There has been speculation that the President-elect will be invited, though the White House official who informed the campaign of Bush’s intention to convene the meeting did not say such an invitation would be extended. Because an invitation, should one be forthcoming, would presumably be made soon after the election, we...
  • Alleged Bin Laden Contact in Iraq Gov't

    08/11/2005 11:03:21 PM PDT · by Leroy S. Mort · 17 replies · 1,412+ views
    AP ^ | Aug 12, 2005
    WASHINGTON (AP) - An American accused in court papers of having ties to Osama bin Laden is now working for the Iraqi government's Foreign Ministry, U.S. officials and a former CIA counterterrorism chief say. Iraqi-born Tarik A. Hamdi was the ``American contact'' for one of bin Laden's front organizations and gave a satellite telephone battery to a bin Laden aide in Afghanistan for a phone used by the terrorist leader, according to an affidavit from Customs Agent David Kane.The affidavit was unsealed this week in U.S. District Court in Alexandria, Va., along with a federal indictment charging Hamdi with lying...
  • Shorting the American Economy

    12/05/2015 9:20:38 AM PST · by Kaslin · 14 replies ^ | December 5, 2015 | Steve Forbes
    Wealthy individuals including Tom Steyer and others are driving an effort to effectively "short sell" the American economy by attacking oil, natural gas and coal producers while touting the benefits of "green" energy resources that are still unreliable or are contributing minuscule amounts of power to our nation’s energy demands. For those who are unfamiliar with investing, "shorting" a stock means that an investor who thinks a stock will go down in price will borrow shares of that stock from a brokerage firm and then sell those shares. If that stock does indeed go down, the speculator can buy it...
  • Once-thriving Puerto Rico mountain town finds itself at economic abyss amid population flight

    09/21/2015 8:04:37 AM PDT · by george76 · 44 replies
    ap ^ | September 18, 2015
    LARES, Puerto Rico – Ismael Rodriguez looked out on a nearly empty plaza from the clothing store he opened in 1960, now hemmed in by padlocked businesses in this mountain town in northwestern Puerto Rico... experiencing the deepest malaise of just about any community on this island in the depths of an economic crisis. "I have seen the destruction of a town," Rodriguez, 67, said as he gestured toward the plaza. "Look at all the shuttered stores." Lares has become emblematic of the economic stagnation that is overwhelming Puerto Rico, and those who live here believe it is a warning...
  • Greek Prime Minister Tsipras Screws The Pooch

    06/28/2015 6:08:54 AM PDT · by Kaslin · 54 replies, Reuters PHOTO ^ | June 28, 2015 | Mark Nuckols
    <p>Greek Prime Minister Alexis Tsipras and his party Syriza have just screwed the pooch, and royally so. Tsipras has just done something so colossally idiotic and childish that perhaps Greece deserves its impending economic collapse for having elected someone so incredibly stupid. Greeks have suffered six years of chronic recession and endless rounds of debt negotiations, but this will all seem like a walk in the park compared to the poverty and civil chaos about the engulf their country.</p>
  • ECB Unscheduled Conference Today; Emergency Eurozone Meeting Monday;

    06/20/2015 8:21:24 AM PDT · by Kaslin · 6 replies ^ | June 19, 2015 | Mike Shedlock
    The mad dash and perhaps last dash for euros in Greece is on. Some will undoubtedly be frozen out as soon as the ECB halts emergency liquidity assistance (ELA) to Greek Banks. Emergence Meeting Monday, Unscheduled ECB Conference Call Today There's an Emergency Meeting of Eurozone Leader on Monday to discuss Greece, but the ECB may very well act in advance. Once ELA is removed, Greece will soon be forced to issue capital controls. Greek banks have continued to suffer withdrawals amid concerns that Athens and its creditors will fail to strike a deal to avoid a debt default. The...
  • Billionaires Secretly Met in Aspen to Defeat Bush

    10/19/2004 2:07:29 PM PDT · by jstolarczyk · 52 replies · 1,871+ views ^ | 19 October 2004 | Carl Limbacher and Staff
    Tuesday, Oct. 19, 2004 1:09 p.m. EDT Billionaires Secretly Met in Aspen to Defeat Bush In the days following the Democratic National Convention in Boston this past August, several billionaire Democratic activists secretly met at the famed Aspen Institute in Colorado. The purpose of their clandestine meeting was "to use their fortunes to engineer the defeat of President George W. Bush," The New Yorker magazine reports in its most recent edition. Details of the meeting remain sketchy, but the magazine described the Aspen conference this way: "Five billionaires joined half a dozen liberal leaders in a lengthy conversation about the...
  • These 2 Charts Show Why The Economic Crisis Is Far From Over

    09/30/2014 6:34:45 AM PDT · by blam · 1 replies
    BI ^ | 9-30-2014 | Tomas Hirst
    Tomas Hirst September 30, 2014The hot debate in financial circles at the moment is exactly when the Fed (and/or the Bank of England) will start raising rates as the economic recovery picks up steam. However, the authors of the Geneva Report suggest talk of the crisis being over is seriously premature. Six years on from the financial crisis, people were expecting a global economy less reliant on debt financing and gradually moving back toward trend growth. According to Luigi Buttiglione, Philip Lane, Lucrezia Reichlin, and Vincent Reinhart, we instead have global debt-to-GDP breaking new highs and a permanent decline in...
  • Don't Believe What Obama Tells You About His Economy or That He Has The Terrorists

    12/04/2013 1:00:37 PM PST · by Kaslin · 10 replies ^ | December 4, 2013 | Donald Lambro
    As President Obama approaches the end of his fifth year in office, he's nearing the time for his annual report card. It isn't a pretty picture. Americans are giving him failing grades, as polls show his job approval scores plunging to the lowest level in his presidency. Only 41 percent approve of his performance in office, while 52 percent now disapprove of the overall job he's been doing. There are plenty of reasons for Obama's dismal marks: from his foreign policy blunders, a troubling decline in our national security defenses, to a still high unemployment economy that remains sub-par and...
  • Drilling Below the Surface of Obama's Dreadfully Weak Economic Numbers

    11/13/2013 9:05:23 AM PST · by Kaslin · 13 replies ^ | November 13, 2013 | Donald Lambro
    Barack Obama's presidency is falling apart, as a growing number of Americans now realize his promises of prosperity and jobs were bogus and his health care law a fabric of lies. A president who promised hope and change has given us despair and a failed,1930s agenda, as a once-mighty economy continues to limp toward the end of its fifth year in "recovery" -- yet with no full, lasting recovery in sight. Twelve months ago, a majority of voters handed him a second term. This week, the Gallup Poll reported that a 54 percent majority disapprove of the job he's doing...
  • The Wages of Presidential Deception

    10/31/2013 4:41:39 AM PDT · by Kaslin · 2 replies ^ | October 31, 2013 | Victor Davis Hanson
    By 1968, President Lyndon Baines Johnson was finally done in by his "credibility gap" -- the growing abyss between what he said about, and what was actually happening inside, Vietnam. "Modified limited hangout" and "inoperative" were infamous euphemisms that Nixon administration officials used to mask lies about the Watergate scandal. After a while, few believed any of the initial Reagan administration disavowals that it was not trading "arms for hostages" in the Iran-Contra scandal. George H.W. Bush thundered during his campaign to "read my lips: no new taxes," only to agree later to raise them. Bill Clinton's infamous assertion that...
  • Global Inflation Wave. Economists about economic crisis and Emperor Constantine's solution.

    05/21/2012 7:17:20 AM PDT · by se99tp
    Christian Concepts Daily ^ | May 21st, 2012 | Dr Norman Bailey
    Confronted by multiple challenges in the wake of the global financial and economic crisis and having exhausted more traditional central bank levers which left interest rates at near zero, governments adopted a series of policies almost as a matter of course. Whether termed ‘credit easing’, ‘quantitative easing’ or ‘twisting’, these policies all have one thing in common – they increase the money supply... Further complicating the book keeping, some central banks, most significantly the U.S. Federal Reserve, are maintaining the policy of directly monetizing the federal debt. To be clear, debt monetization is not a result of the 2008-2009 crisis;...
  • Increasingly in Europe, Suicides ‘by Economic Crisis’

    04/14/2012 10:37:55 AM PDT · by lbryce · 12 replies
    New York Times ^ | April 14, 2012 | ELISABETTA POVOLEDO and DOREEN CARVAJAL
    On New Year’s Eve, Antonio Tamiozzo, 53, hanged himself in the warehouse of his construction business near Vicenza, after several debtors did not pay what they owed him. Three weeks earlier, Giovanni Schiavon, 59, a contractor, shot himself in the head at the headquarters of his debt-ridden construction company on the outskirts of Padua. As he faced the bleak prospect of ordering Christmas layoffs at his family firm of two generations, he wrote a last message: “Sorry, I cannot take it anymore.” The economic downturn that has shaken Europe for the last three years has also swept away the foundations...
  • Barack Obama on economic crisis: 'We didn't know how bad it was'

    12/13/2011 5:24:27 PM PST · by ColdOne · 62 replies
    Politico44 ^ | 12/13/11 | JENNIFER EPSTEIN
    President Barack Obama said Tuesday he wishes he knew the full extent of the economic crisis when he took office, if only so he could have let Americans know just how tough the coming years would be. "I think we understood that it was bad, but we didn’t know how bad it was,” Obama said in an interview with KIRO in Seattle. "I think I could have prepared the American people for how bad this was going to be, had we had a sense of that." Obama’s comments came as he sat down with a string of local TV reporters...
  • Chinese economy nearly bankrupt? Inflation rate is 16 percent?

    11/17/2011 11:18:30 AM PST · by se99tp · 10 replies
    The Extra News ^ | 11/17/2011 | Extra News
    (...)Until recently only Chinese dissidents and some economists criticized the Politburo policy, which can be compared to printing money: building cities for no one and the sale of land. This time Chinese professor of finance, the television host, Larry Lang confirmed that Chinese economy is almost bankrupt: -the real public debt is US $ 5.68 trillion -the real inflation rate is 16 percent
  • From the files of Terror Inc

    08/16/2004 3:02:51 PM PDT · by Calpernia · 571 replies · 7,393+ views ^ | August 14, 2004 | Alan Cullison
    The September11 terror attacks in the US were staged to overcome disunity in al-Qa'ida, confidential computer records reveal. Alan Cullison reports on what happened after his laptop was wrecked while he was covering the combat in Afghanistan IN the autumn of 2001, I was one of scores of journalists who ventured into northern Afghanistan to write about the US-assisted war against the Taliban. After losing use of my computer in an accident, I scrawled stories by candlelight with a ballpoint pen and read dispatches to my editors at The Wall Street Journal over a satellite phone. When the Taliban's defences...
  • Ron Paul Warns of 'Cataclysmic' Economic Crisis

    01/06/2011 4:24:19 PM PST · by Signalman · 26 replies
    Newsmax ^ | 1/5/2011 | David A. Patten
    Former presidential candidate Rep. Ron Paul warned Wednesday that even if Republicans fulfill their pledge to slash $100 billion in federal spending, the United States still only has a one in 10 chance to avert an economic catastrophe. “It hardly does anything,” Paul said of the $100 billion cut, which would roll back federal spending to 2008 levels. “The government itself is so out of control,” Rep. Paul told Fox News host Neil Cavuto, “that I don’t think anybody realizes how bad it is, and how little control we have which is bumping up against its $14.3 trillion limit. Economists...
  • The Crisis of the Middle (The decline in marriage amplifies Middle America’s economic woes)

    12/10/2010 7:39:16 AM PST · by SeekAndFind · 11 replies
    National Review ^ | 12/10/2010 | Rich Lowry
    The unemployment rate for people with a college degree or higher is 5 percent. If that were the rate for everyone, it’d be the 1990s again. But college graduates are only 30 percent of the country. For the rest of the population, the jobs picture is grimmer. For people without a high-school degree, the unemployment rate is more than 15 percent. If that were the rate for everyone, it’d be the 1930s again. The unemployment rates are part of a growing divergence between the fortunes of the college educated and the rest of the country, including proverbial Middle America. In...
  • The Crisis: When the Cards Fall

    07/14/2010 11:06:26 AM PDT · by ChrisBoundsTX · 9 replies · 1+ views
    Liberty Juice ^ | 07/14/2010 | Chris Bounds
    As have many Americans, I have been shouting loudly about the ticking time bomb that is looming in the economy. In past articles The Crisis and A House of Cards I detailed how excessive debt and spending by the federal government are threatening the economy and ultimately American way of life. Still it seems nobody in charge is listening in Washington. While I remain confident that the ingenuity of the American people will always prosper over time, I cannot help but to brace for the trouble that must come before that kind of prosperity can return again. The economic situation...
  • EU Leaders Confident Greece Bailout Will Succeed

    04/30/2010 8:49:45 PM PDT · by myknowledge · 6 replies · 380+ views
    VOA News ^ | April 30, 2010
    The head of the European Commission says he is confident an emergency aid package will keep Greece's crippling debt crisis from further threatening the financial health of other EU nations. Speaking at a press conference in Beijing Friday, Commission President Jose Manuel Barroso said measures to contain the crisis will be in place in the coming days. Officials say a bailout being discussed with the EU and International Monetary Fund will likely cost about $160 billion, and will require Greece to drastically slash its deficit by 2011. Greek Prime Minister George Papandreou told parliament Friday the cutbacks are a "patriotic...