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Keyword: trade

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  • Seoul project design criticized for evoking Twin Towers disaster

    12/12/2011 8:03:47 PM PST · by Beowulf9 · 11 replies
    LATimesblogWorld Now ^ | December 12, 2011 | unknown
    REPORTING FROM SEOUL -– Even at first glance, the design renderings for the soon-to-be-built pair of apartment towers here pack a wallop: They evoke New York’s World Trade Center towers in mid-explosion in the terrifying moments after the Sept. 11, 2001 terrorist attacks. But wait. The Dutch designers say the images have nothing to do with debris flying off two towers that have just been rammed by a pair of commercial airliners. It’s more like a dreamy cloud formation inspired by a gaze up at the sky. Netizens aren’t buying the explanation. In recent days, an international frenzy of criticism...
  • Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation

    12/11/2011 5:57:39 PM PST · by SeekAndFind · 13 replies
    The Economic Collapse ^ | 12/08/2011 | Michael Snyder
    How do you decide whether you are wealthy or not? Do you determine that by how much money you spend at the stores? Of course not. You can tell if you are wealthy or not by comparing your assets (the money in your bank account, equity in your home, etc.) to your liabilities (your mortgage, credit card debt, student loan debt, etc.). Well, a lot of Americans seem to believe that just because a lot of money is circulating in our economy that it must mean that we are a wealthy nation. But that is simply not true. To...
  • Woman denied food stamps kills self, shoots children

    12/06/2011 12:16:12 PM PST · by TexasCajun · 22 replies
    Reuters ^ | 12-6-11 | Jim Forsyth
    SAN ANTONIO (Reuters) - A woman in the border city of Laredo, Texas who was angry because she had been denied food stamps killed herself and shot and critically wounded her two children late on Monday, authorities said on Tuesday.
  • Argentina launches naval campaign to isolate Falkland Islands

    12/05/2011 2:56:23 PM PST · by DeaconBenjamin · 69 replies
    Telegraph (UK) ^ | 8:28PM GMT 05 Dec 2011 | By Fergus MacErlean
    Argentina has launched a naval campaign to isolate the Falkland Islands that has seen it detain Spanish fishing vessels on suspicion of breaking the country’s “blockade” of the seas around the British territories. Argentine patrol vessels have boarded 12 Spanish boats, operating under fishing licences issued by the Falkland Islands, for operating “illegally” in disputed waters in recent weeks. Argentine patrol commanders carrying out interceptions near the South American coast told Spanish captains they were in violation of Argentina’s “legal” blockade of sea channels to the Falklands. The warning has been backed up in a letter to Aetinape, the Spanish...
  • Fox Rejects Anti-Obama/ Bernanke Ads Advocating Gold & Silver As Protection Against Inflation

    12/03/2011 6:13:56 PM PST · by Comparative Advantage · 58 replies
    SilverDoctors ^ | December 3, 2011
    Major news networks have all rejected two animated television spots developed by Phoenix-based Swiss America Trading Corp. depicting Ben Bernanke and President Obama printing money with abandon, and promoting ownership of gold and silver as protection against this policy. The ads have been rejected by Fox, Fox Business, CNBC, NBC, MSNBC, ABC, CBS, CNN, & the Discovery Channel.
  • Grim reaper on wheels: Dutch right-to-die group wants ‘mobile euthanasia teams’

    12/01/2011 4:38:47 PM PST · by wagglebee · 20 replies · 2+ views
    LifeSiteNews ^ | 12/1/11 | Thaddeus Baklinski
    AMSTERDAM, December 1, 2011 ( - The Dutch euthanasia advocacy group, “The Right To Die” (NVVE), is proposing a plan where “mobile teams of doctors and nurses … can help people to die in their own homes,” according to On November 30 health minister Edith Schippers told MPs that the proposal earlier this month by NVVE spokeswoman Walburg de Jong to create the mobile units “for patients who meet the criteria for euthanasia but whose doctors are unwilling to carry it out,” is worthy of consideration. “If the patients thinks it desirable, the doctor can refer him or her...
  • China builds its African empire while the 'anti-colonialist' Left looks the other way

    11/30/2011 10:45:48 AM PST · by Niuhuru · 20 replies
    Telegraph ^ | November 25th, 2011 | Damian Thompson
    Imagine what would happen if America barged its way into a developing country, buttered up its homicidal dictator and agreed a back-of-the-envelope deal in which he signed over his nation’s mineral wealth in return for roads, railways and sports stadiums. Everyone would benefit, no? No. The problem is that the infrastructure turns out to be worth a hell of a lot less than the minerals. Fortunately, Washington has had the foresight to top up the dictator’s Swiss bank account. Problem solved! As for the mining operation, the Americans really don’t want to be bothered by minimum wages or trade unions....
  • India moves closer to opening up supermarket sector (Wal-Mart and other retailers)

    11/24/2011 6:32:26 AM PST · by 2ndDivisionVet · 3 replies
    Reuters India ^ | November 23, 2011 | Matthias Williams, Rajesh Kumar Singh and Manoj Kumar
    NEW DELHI-India could decide this week to throw open its supermarket sector to foreign firms such as Wal-Mart Stores Inc, clearing one of the most hotly anticipated economic reforms of Prime Minister Manmohan Singh's tenure. Policymakers have for years talked about opening multi-brand retail sector to foreign direct investors, a policy aimed at attracting foreign capital, unclogging supply bottlenecks and helping tackle stubbornly high inflation. But the move has snagged on protests by opposition parties and many domestic retailers, who say an influx of foreign players will drive down prices and cause huge job losses. Some voices within the ruling...
  • 3 Misconceptions That Need to Die

    11/22/2011 10:50:35 AM PST · by Darkwolf377 · 40 replies
    Yahoo ^ | 10/25/11 | Darkwolf377
    Here are three misconceptions that need to be put to rest. Misconception: Most of what Americans spend their money on is made in China. Fact: Just 2.7% of personal consumption expenditures go to Chinese-made goods and services. 88.5% of U.S. consumer spending is on American-made goods and services. I used that statistic in an article last week, and the response from readers was overwhelming: Hogwash. People just didn't believe it. (edit) Misconception: We owe most of our debt to China. Fact: China owns 7.8% of U.S. government debt outstanding. As of August, China owned $1.14 trillion of Treasuries. Government debt...
  • How America should adjust to the Pacific Century

    11/18/2011 8:35:13 AM PST · by Comrade Brother Abu Bubba · 8 replies
    Financial Times ^ | November 16, 2011 | David Pilling
    How many ways are there to say you’re back? In 2010, Hillary Clinton grabbed Beijing’s lapels when she declared the South China Sea, claimed in its entirety by China, was also a vital American interest. A few weeks ago, the secretary of state published a lengthy piece in Foreign Policy magazine in which she laid out the terms of what she called America’s Pacific Century. And this week, at the Asia-Pacific Economic Co-operation forum in Honolulu, Barack Obama talked about hardly anything else. “The US is a Pacific power and we’re here to stay,” he said. The message is clear....
  • DECKER & TRIPLETT: China: We hate Americans

    11/15/2011 11:06:23 AM PST · by Tolerance Sucks Rocks · 7 replies
    The Washington Times ^ | November 14, 2011 | Brett M. Decker and William C. Triplett II
    The following is an excerpt from “Bowing to Beijing” (Regnery Publishing, Nov. 14, 2011): Mutual dependency can guarantee a certain amount of pragmatic behavior by both sides, but there should be no romantic illusions about how the Chinese communists feel about America. “We hate you guys,” China Banking Regulatory Commission Director General Luo Ping fumed about the PRC being forced into buying U.S. Treasuries to protect Beijing’s massive U.S. debt holdings. “Once you start issuing $1 trillion-$2 trillion … we know the dollar is going to depreciate, so we hate you guys, but there is nothing much we can do.”...
  • “Currency Wars: The Making of the Next Global Crisis” By Jim Rickards

    11/13/2011 12:09:04 PM PST · by Razzz42 · 11 replies
    King World News ^ | November 11th, 2011 | Jim Rickards
    In this interview Rickards discusses his extraordinary new book Currency Wars: The Making of the Next Global Crisis. He also lets King World News listeners know what to expect regarding gold manipulation, the ongoing currency wars and much more. The KWN audio interview with Jim Rickards is available now...
  • What if China, India and Europe would construct a new "Silk Road"?

    11/09/2011 6:18:51 PM PST · by WesternCulture · 17 replies
    11/10/2011 | WesternCulture
    It's already there. European as well as Far East Asian companies are already by now pretty tired of Somalian pirates etc. interferring with our business operations. In the coming of time, Asia and Europe will make so much business the World can't believe it. Let's build highways and railroads. Try and stop us.. The well-off people down in India and China are screaming for European luxury goods - and if Africa never wishes to grow up, that's not Volvo's, Audi's and BMW's problem. Africa too could start expanding its economy. Some Russians really are clever. Link below to a clip...
  • U.S. seeking to boost its clout in Asia through trade

    11/07/2011 4:42:54 AM PST · by TigerLikesRooster
    Japan Today ^ | 11/07/11
    U.S. seeking to boost its clout in Asia through trade Politics Nov. 07, 2011 - 06:20PM JST ( 11 ) U.S. seeking to boost its clout in Asia through trade Prime Minister Yoshihiko Noda is under pressure to bring Japan into talks on the Trans-Pacific Partnership. AFP WASHINGTON — The United States will try to prove its mettle as an Asian power as it welcomes Pacific leaders this week to Hawaii, hoping a sweeping trade pact will bind together the fast-growing region. President Barack Obama will show his native state to leaders of 20 other members of the Asia-Pacific Economic...
  • China web firms vow to curb 'harmful' information

    11/06/2011 2:34:24 PM PST · by BenLurkin · 7 replies
    physorg ^ | November 6, 2011 by | Allison Jackson
    The heads of China's largest Internet and technology firms have vowed to stop the "spread of harmful information" on the web after attending a three-day government workshop, state media said Sunday. Nearly 40 companies, including e-commerce giant Alibaba, online portal Sina and search engine Baidu attended the seminar hosted by the State Internet Information Office, an online watchdog, the official Xinhua news agency said. During the discussion, which ended Saturday, the bosses reached a "common agreement" to "safeguard" the spreading of positive information online and "strengthen self-management and self-discipline", the report said. They also agreed to "resolutely curb Internet rumours,...
  • Brazil to overtake UK as sixth-largest economy

    11/01/2011 7:53:20 PM PDT · by BufalloSoldier · 6 replies
    The Latin American giant's GDP for 2011 is expected to hit $2.44 trillion (Ł1.51 trillion) compared with $2.43 trillion for the UK, the latest monthly forecasts from the Economist Intelligence Unit (EIU) show. This will see Brazil, which last year overtook Italy to become the world's seventh biggest economy, move up one more place to sixth with the UK falling to seventh. Robert Wood, the EIU's chief economist on Brazil, said the country's surge up the table owed much to a growing consumer class and a booming trade relationship with China, based on the Asian giant's need for commodities such...
  • History Lesson: Prepare for a Faux-Recovery

    10/27/2011 7:31:00 PM PDT · by bobjam · 22 replies
    October 27, 2011 | bobjam
    In 1936, Franklin Delano Roosevelt defeated Alfred Landon by an electoral vote of 523 to 8. This was the only contested election in which the major losing candidate received fewer than 10 votes (1788, 1792 and 1820 were uncontested). The landslide came on the heels of what appeared to be an economic recovery. Unemployment fell, productivity rose; people believed the New Deal really worked and they rewarded FDR accordingly. Shortly into the second term did the ugly truth reveal itself. The so-called recovery had been built entirely on government spending. Massive borrowing and government make-work projects put money in enough...
  • 'Red Army' Behind Occupy Wall Street?

    10/25/2011 4:40:26 PM PDT · by SJackson · 5 replies ^ | October 25, 2011 | Aaron Klein
    On a balmy autumn afternoon, a stroll along lower Manhattan to Liberty Plaza, or another American city or even in squares and plazas around the world, is likely to take you to an encampment of mostly-young, mostly cheerful, determined citizens who've come together for the long haul to challenge and oppose a list of anti-social deeds, from government support of venal businessmen to excessive CO2 emissions. Under the banner of "Occupy Wall Street," a local-turned-global protest movement strives to bring your attention to injustice. The panoply of complaints, seen by some observers as a childish litany, is cited by others...
  • China Slams U.S. Over Solar Complaint

    10/21/2011 8:57:08 AM PDT · by lbryce · 2 replies
    Reuters ^ | October 21, 2011 | Staff
    - China on Friday issued a harsh rebuke of an anti-dumping complaint filed by U.S. solar firms, warning the United States not to take protectionist measures that could harm the global economy. Seven U.S. solar manufacturers on Wednesday asked the Obama administration to impose duties of more than 100 percent on China solar imports, which they said were unfairly undercutting U.S. prices and destroying American jobs. The controversy comes at a sensitive time in U.S.-China trade relations, which are plagued by U.S. concerns over market access in China, Beijing's treatment of intellectual property rights, and raging debate over the value...
  • Obama Signs Trade Deals Biggest Since NAFTA (same day he announces Iraq pullout)

    10/21/2011 12:01:01 PM PDT · by Siena Dreaming · 18 replies
    Yahoo ^ | October 21, 2011 | Jill Abrams
    WASHINGTON (AP) — President Barack Obama signed off Friday on the first three — and possibly last — free trade agreements of his administration, deals with South Korea, Colombia, and Panama that could be worth billions to American exporters and create tens of thousands of jobs. The three deals were years in the making, and the difficulty of bringing them to fruition make it unlikely there will be another bilateral trade agreement during Obama's current term. Obama signed them with none of the ceremonial fanfare that normally accompanies such triumphs. Republicans, while supportive of the deals, continue to find fault...
  • ALBERT EDWARDS: The Coming China Crash Will Separate The Sheep From The Goats

    10/20/2011 11:06:09 AM PDT · by blam · 13 replies
    TBI ^ | 10-20-2011 | Joe Weisenthal
    ALBERT EDWARDS: The Coming China Crash Will Separate The Sheep From The Goats Joe Weisenthal Oct. 20, 2011, 11:05 AM Socgen Ultra-bear Albert Edwards turns his attention to China, where he warns of rampant inflation and little hope of a soft landing. He starts off, though, with a bit of philosophy. The coming downturn will surely separate the investment sheep from the goats. For we have learnt little from the investment disaster of the last decade. There is one thing that has become apparent to me in my 25 years of challenging even the most persuasive investment stories. That is,...
  • U.S. Solar Panel Makers Say China Violated Trade Rules (What rules?)

    10/19/2011 7:06:53 PM PDT · by tobyhill · 14 replies
    ny times ^ | 10/19/2011 | keith bradsher
    Seven American makers of solar panels filed a broad trade case in Washington against the Chinese solar industry on Wednesday, accusing it of using billions of dollars in government subsidies to help gain sales in the American market. The companies also accused China of dumping solar panels in the United States for less than it costs to manufacture and ship them. The trade case, filed at the Commerce Department, seeks tariffs of more than 100 percent of the wholesale price of solar panels from China, which shipped $1.6 billion of the panels to the United States in the first eight...
  • Chinese toddler run over by two vehicles, ignored by all but one trash collector

    10/18/2011 8:35:37 PM PDT · by NavyCanDo · 16 replies
    Washington Post ^ | 10-17-11 | Elizabeth Flock
    Horrific footage captured on CCTV in Foshan, Guangdong province Thursday afternoon and now making the rounds on the Chinese version of Twitter, Weibo, shows a two-year-old toddler being run over by a van as she walks across the street. In the minutes that follow, dozens of passersby walk around the bleeding girl, not stopping to look at or help her. A cyclist takes a wide berth around the body to avoid the body. One woman, holding her daughter’s hand, looks at the toddler and walks past as quickly as she can. And a second truck, apparently not realizing there is...
  • Time To Stock Up: The Price Of Peanut Butter Is Set To Soar 40% In The Next Two Weeks

    10/18/2011 4:52:02 PM PDT · by blam · 28 replies
    SHTF Plan ^ | 10-18-2011 | Mac Slavo
    <p>Another hot, dry summer has devastated this year’s peanut crop, sending prices for the legume skyrocketing and forcing peanut-butter brands including J.M. Smucker Co.’s Jif, Unilever NV’s Skippy and ConAgra Foods Inc.’s Peter Pan into startling price increases.</p> <p>Wholesale prices for big-selling Jif are going up 30% starting in November, while Peter Pan will raise prices as much as 24% in a couple weeks. Unilever wouldn’t comment on its pricing plans, but a spokesman for Wegmans Food Markets, the closely held supermarket chain in the Northeast U.S., said wholesale prices for all brands it carries, including Skippy, are 30% to 35% higher than a year ago.</p>
  • Theodore Roosevelt's ideas on Immigrants and being an AMERICAN in 1907

    10/17/2011 5:19:38 PM PDT · by Iam1ru1-2 · 9 replies
    Theodore Roosevelt Speech in 1907 on Immigrants who come to America | President Theodore Roosevelt
    'In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else, for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person's becoming in every facet an American, and nothing but an American...There can be no divided allegiance here. Any man who says he is an American, but something else also, isn't an American at all. We have room for but...
  • U.S. Can't Let Iran Get A Nuke

    10/17/2011 3:56:26 PM PDT · by Kaslin · 9 replies
    IBD Editorials ^ | October 17, 2011 | Left-wing lunatic RICHARD COHEN
    A mere moment or two after the Obama administration announced it had discovered and thwarted a plot by Iran to murder Saudi Arabia's ambassador to the United States by bombing a Washington restaurant, the doubters started to air their doubts. Columnists and experts, even some columnists who were not experts, said the Iranians would never be so sloppy as to commit a virtual act of war by setting off a bomb in the nation's capital. The plot was crazy, they said. I agree. But so is Iran. It's not as if the Iranian intelligence services, particularly the Quds Force of...
  • Clinton: U.S. must demand fairness from China

    10/14/2011 6:19:56 PM PDT · by TigerLikesRooster · 23 replies
    Japan Today ^ | 10/15/11
    Clinton: U.S. must demand fairness from China World Oct. 15, 2011 - 07:00AM JST ( 4 ) NEW YORK — U.S. Secretary of State Hillary Rodham Clinton said Friday it’s time for the United States to stand up to China as the U.S. puts the economy at the center of its foreign policy. She told business leaders at the Economic Club of New York that the U.S. shouldn’t continue to allow itself to be taken advantage of by China, which long has been accused by the West of undervaluing its currency to boost exports around the globe. “They continue to...
  • EU considering massive cuts to food aid for poor

    10/14/2011 4:57:59 PM PDT · by bkopto · 27 replies
    Yahoo News ^ | Oct 14, 2011 | RAF CASERT
    The European Union is considering a roughly 75 percent cut in funding for a program that helps feed 18 million of its poorest citizens. The cuts, set to take effect after New Year's, would come at a time of rising unemployment and consumer food prices in many parts of Europe, as well as overall economic turmoil on the continent. The looming cuts already have raised fears among people who rely heavily on the program. "We poor, small people, we cannot face up to this," said Rene Waltener, 41, who is unemployed and married with four children. "We sometimes have difficulties...
  • Recession/Depression on the way?

    10/14/2011 12:42:23 PM PDT · by mamelukesabre · 58 replies
    people are filing bankruptcy...others are bouncing their checks...I'm not getting paid. I don't know what the rest of you are experiencing, but from my perspective the economy is getting worse and worse every month. No one wants to spend any money. I think they are lying about how bad it is, and I think they are lying HUGE!
  • On Trade Policy Boehner leads Obama Follows

    10/14/2011 1:56:08 PM PDT · by Twotone
    Oregon Catalyst ^ | October 14, 2011 | Eric Shierman
    How many bad policies need to be adopted to allow Congress to pass the three long delayed free-trade agreements with Korea, Panama, and Columbia that allow us to create jobs without spending money? For politicians pandering to the public’s need for scapegoats on all woes economic it’s two: extending Trade Adjustment Assistance (TAA) and the Currency Exchange Rate Oversight Reform Act (China currency bill). This is where presidential leadership is needed, but in its absence the Speaker of the House has stepped up to the plate.
  • OccupyWorkSpace! Join the Movement

    10/13/2011 5:08:12 PM PDT · by RobertClark · 2 replies ^ | 10/13/11 | John Ransom
    It’s a simple concept that’s been around since Adam and Eve were expelled from the Garden: Get a job. That’s how all the stuff you have is paid for, even if you live in a socialist country. In the sweat of thy face shalt thou eat bread, till thou return unto the ground; for out of it wast thou taken: for dust thou art, and unto dust shalt thou return - Genesis 3:19 KJV Of course capitalism produces more bread, more efficiently, and there is more innovation and surplus than in socialist countries. Out of that surplus bread come things...
  • This Economic 'Recovery' Is Surely Different: It's FUBAR*

    10/13/2011 7:00:50 AM PDT · by SeekAndFind · 11 replies
    Forbes ^ | 10/12/2011 | Louis Woodhill
    *FUBAR: A slang term originating in WWII, (broadly) meaning “suboptimal”. How many times in the past four years have you read the sentence, “This time, it’s different”? Well, in the case of the U.S. economy, this time it really is different. The most recent recession, which the NBER says started in January 2008 and ended in June 2009, was severe, but it was not that much worse than the downturn of 1981 – 1982. The recession that started in mid-1981 lasted almost as long as the 2008 – 2009 downturn (16 months vs. 18 months), and actually produced higher peak...
  • Trade deficit steady at $45.6 billion in August

    10/13/2011 5:54:35 AM PDT · by Free Vulcan · 5 replies
    Marketwatch ^ | 10.13.11 | Greg Robb
    The nation’s trade deficit held steady at $45.6 billion in August from the prior month, the Commerce Department said. The trade gap in July was revised up from the initial estimate of $44.8 billion. The deficit in August was close to the consensus of analysts surveyed by MarketWatch.
  • Putin’s New Vision of Eurasia

    10/10/2011 10:42:49 AM PDT · by bananaman22 · 4 replies ^ | 10/05/2011 | John C.K. Daly
    Many western politicians have harbored deep suspicions of Russian Prime Minister Vladimir Vladimorovich Putin since he first emerged on the Russian political stage in 1999. This is hardly surprising, given his KGB background, though those with longer historical memories will recall that Yuri Andropov came from the same organization and that the West grudgingly found a way to work with him. While the worst aspects of the Cold War faded away with the peaceful collapse of the USSR in late 1991, twenty years later, trying to figure out Kremlin politics remains as vital an exercise as ever, and the “Putin...
  • Load Up On Gold and Silver As Bernanke Dives Off The Deep End

    10/06/2011 12:23:14 PM PDT · by blam · 21 replies
    TMO ^ | 10-6-2011 | Money Morning
    Load Up On Gold and Silver As Bernanke Dives Off The Deep End Commodities / Gold and Silver 2011 Oct 06, 2011 - 07:41 AM By: Money Morning Martin Hutchinson writes: I first thought U.S. Federal Reserve Chairman Ben Bernanke was being deceitful when he denied the existence of inflation - but now I'm beginning to think he's simply delusional. Anyone who watched or listened to Bernanke's Oct. 4 congressional testimony must have reached the same conclusion. "Persistent factors continue to restrain the pace of recovery," Bernanke said. Then the Fed Chairman promised to consider yet more stimulus "to promote...
  • China: US Currency Bill Would Have Repercussions

    10/04/2011 10:28:01 AM PDT · by edpc · 2 replies
    AP via Yahoo News ^ | 4 Oct 2011 | Scott McDonald
    BEIJING (AP) — China stepped up its criticism Tuesday of a proposed U.S. law to punish countries with artificially low currencies, saying there would be serious repercussions for the world's two biggest economies if it is passed. The criticism comes after U.S. senators voted Monday to open a week of debate on the bill that would allow the government to impose additional duties on products from countries that subsidize exports by undervaluing their currencies.
  • Texans Want Action on the Border

    09/26/2011 12:59:32 PM PDT · by hocndoc · 135 replies
    Austin American Statesman ^ | September 25, 2011 | Todd Staples, Texas Agricultural Commissioner
    Despite empty assurances from Washington, communities along the Texas-Mexico border continue to face threats and violence from Mexican drug cartels. With the release of our commissioned report, "Texas Border Security: A Strategic Military Assessment," the Texas Department of Agriculture offers a powerful perspective into this national security breach. If President Barack Obama and his administration won't hear the concerned voices of Texans, perhaps he will listen to high-ranking retired military generals who know a thing or two about facing foreign enemies. Retired Gen. Barry R. McCaffrey, the former U.S. drug czar under President Bill Clinton and SouthCom commander of all...
  • Whose Country Is It, Anyway?

    09/21/2011 1:33:10 AM PDT · by WilliamHouston · 23 replies ^ | 9/20/2011 | Pat Buchanan
    For the third straight year, the median income of the typical American family fell in 2010. Adjusted for inflation, it is back where it was in 1996, the longest period of zero growth since the Depression. And the poverty rate has inched up to 15.1 percent. Both figures, however, should be put in perspective. For example, a family can be classified as poor and own a car, a flat-screen TV and a computer, and have a washer-dryer and a garbage disposal. Folks below the poverty line have their kids educated free in Head Start, for 13 years in public schools,...
  • Ex-Solyndra Employees Now Applying For Trade Adjustment Assistance

    09/16/2011 1:41:31 PM PDT · by Slyscribe · 12 replies
    IBD's Capital Hill ^ | 9/16/2011 | Sean Higgins
    Ex-employees of the failed solar panel company Solyndra have applied for aid under the federal government’s Trade Adjustment Assistance program, the Labor Department has confirmed. If approved, the employees of what was once touted as a leading exemplar of the White House’s green jobs program will be eligible for more federal funds to enable them to be retrained for other jobs. It would be an ironic coda to the saga of Solyndra, which manufactured solar panels and received $527 million in loan guarantees from the Energy Department and praise from President Obama during visits to the firm’s California headquarters.
  • Coda: First Chinese Electric Car to Hit U.S. Market(BACK TO THE 60S)

    09/15/2011 6:42:07 PM PDT · by Chi-townChief · 31 replies
    US News ^ | 2:04PM Sep 15, 2011 | Rachel Smith
    The Coda sedan will be the first Chinese-made electric car to be sold in the United States. So far, the automotive press thinks the Coda is nowhere near as eccentric as models like the Nissan Leaf or Mitsubishi i, but like that its range is significantly higher than these electric cars. “If cars came in flavors, Coda's debut would be classic vanilla,” says the Los Angeles Times. “Understated by design, it's a car for do-gooders who don't need to flaunt their green credentials. Think Honda Civic, only all electric and homegrown.”
  • U.S. trade gap shrinks to $44.8 billion in July

    09/08/2011 5:53:48 AM PDT · by Free Vulcan · 3 replies · 1+ views
    Marketwatch ^ | 9.8.11 | Steve Goldstein
    WASHINGTON (MarketWatch) — The trade deficit the United States runs with the rest of the world shrank in July, according to data released Thursday, as record exports helped offset the biggest trade gap with China in 10 months. The Commerce Department said the trade deficit narrowed to a seasonally adjusted $44.8 billion in July from $51.6 billion in June, a decline of 13.1% — the largest percentage decline since February 2009. Economists polled by MarketWatch had expected a $51 billion deficit.
  • Amanda Knox likely to be acquitted, says prosecutor

    09/07/2011 1:45:52 PM PDT · by Justaham · 14 replies ^ | 9-7-11 | Nick Pisa
    An Italian court has rejected a request for new testing of crucial DNA evidence in the Amanda Knox appeal, as a prosecutor predicted the American will be acquitted of the Meredith Kercher murder. Court appointed experts have criticised the way the original forensic investigation was carried out by police, raising hopes 24-year-old Knox and her former boyfriend, Raffaele Sollecito, 27, will be cleared. Meredith, 21, from Coulsdon, Surrey, was in Perugia as part of her Leeds University and had only been in Italy for two months before she was brutally murdered in 2007. Knox and Sollecito were jailed in December...
  • Drying Lake Chad puts 30m lives on edge

    09/06/2011 5:28:50 PM PDT · by SunkenCiv · 50 replies
    Businessday ^ | Tuesday, September 6, 2011 | Adeola Ajakaiye
    Lake Chad, one of the largest boddies of water in Sub-Saharan Africa, is on the verge of drying up, as only 1,500 square kilometres,  of the original 25,000 square kilometres size of the lake still remain. The figure represents 10 percent of the initial size of the lake, which traverses Nigeria and three other neighboring countries -- Chad , Niger , and the Republic of Cameroon. The lake, which banks in Nigeria , in the north-astern state of Borno, with Maiduguri as its administrative capital, is said to share similar hydrological basin with four other countries: Central African Republic, Algeria...
  • Why are three free-trade deals languishing on Obama’s desk?

    09/06/2011 5:02:30 AM PDT · by markomalley · 4 replies
    The Washington Post ^ | September 5 | Mitch McConnell
    According to the White House, President Obama has been huddling with advisers on a jobs plan he’ll present to Congress this week. One thing he could do immediately is finalize the free-trade deals with Colombia, South Korea and Panama that have been languishing on his desk. For nearly three years, Republicans and a number of Democrats have been calling on the president to approve these deals to create a level playing field with America’s competitors overseas, vastly expand the market for U.S. goods, strengthen our ties with three important allies and create jobs for Americans. Yet the deals have been...

    09/01/2011 10:48:01 PM PDT · by Razzz42 · 12 replies
    A few people have asked why EUROBONDS and will this solve the problem? What we are facing is the complete meltdown of the World Economy. It might not send us to the Stone Age, but we are in a very delicate position here and we have to take this one step at a time. The EUROBOND is essential to keep Europe together as an economy with the freedom of movement and liberty. Europe is on the doorstep of disaster. If it breaks-up, the trade barriers will rise with regulations and freedom of movement will cease as everyone will be pointing...
  • U.S. June trade gap widens unexpectedly (trade collapsing)

    08/11/2011 7:54:04 AM PDT · by milwguy · 36 replies
    marketwatch ^ | 08/11/2011 | greg robb
    <p>The U.S. trade deficit widened by 4.4% in June to $53.1 billion, the Commerce Department said Thursday.</p>
  • Bernanke has thrown in towel on economy

    08/10/2011 11:36:58 AM PDT · by Signalman · 27 replies
    CNN Money ^ | 8/10/2011 | Paul R. La Monica
    NEW YORK (CNNMoney) -- Is the Federal Reserve waving the white surrender flag? It sure looks that way. The Fed made the unusual (and unprecedented) move on Tuesday to tell the market in plain English that it intends to keep rates near zero for the next two years! That is disappointing on many levels. First and foremost, it is a crystal clear sign from Ben Bernanke and other Fed members that they think the economic recovery (if one could still call it that) will remain tepid for a long time. That is probably one of the reasons that the post-Fed...
  • [Communist] China awash with counterfeit vintage wine

    08/09/2011 10:28:01 PM PDT · by bruinbirdman · 18 replies
    France 24 ^ | 8/10/2011
    Long known for its fake designer handbags and watches, China is now battling a flood of counterfeit vintage wine amid a growing zest for bottles from famed wineries as a sign of social standing. With average consumption just one litre per person per year, China may not have an age-old wine tradition, but it is catching up fast and is expected to become the world's sixth largest wine consumer by 2014. "A good wine shows that a person has a high social status," explains Wang Li, who is taking wine tasting lessons in Beijing. "A famous brand and a high...
  • China's Debt Problem Worse than Portugal

    08/08/2011 1:49:25 PM PDT · by papasmurf · 22 replies ^ | 8/8/2001 | papasmurf
    China’s own system is jammed with rotten debt held in off-balance sheet state enterprises. Its countryside is littered with eerie, empty ghost towns. And Moody’s Investors Service says last month that China’s local debt was understated by hundreds of billions of dollars. Read more:
  • This Year Keep Your Kids Home From College

    08/08/2011 5:24:52 AM PDT · by Kaslin · 74 replies · 14+ views ^ | August 8, 2011 | Mike Adams
    I am frequently asked whether I would be willing to spend the money necessary to send my own kids to a four-year brick and mortar college. The answer used to be a qualified “yes.” But college isn’t what it used to be. So my answer is now a firm “probably not.” While I once considered college to be a good investment for most high school graduates I have come to believe that it is a bad idea for most of them. Note that I am not saying that college simply doesn’t deliver the good things it once did. I am...