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Keyword: useconomy

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  • American Families Are Right To Be Worried About Inflation

    07/22/2014 1:41:20 PM PDT · by right-wing agnostic · 7 replies
    The Federalist ^ | July 22, 2014 | Sean Davis
    “Americans should stop whining about food prices.” That was the message AEI’s Mark J. Perry blasted last September to families gullible enough to believe that rising food prices were a problem: It’s a favorite pastime in this country – Americans love to complain about rising food prices. Even when they aren’t. In fact, given all of the complaining you would never know that average food price inflation in recent years is actually the lowest in several generations. Below are three reasons that Americans should stop whining about food prices, and be a little more appreciative of how affordable food is...
  • The Export-Import Bank faces extinction under new GOP leadership

    06/26/2014 4:06:40 PM PDT · by right-wing agnostic · 5 replies
    The Washington Post ^ | June 25, 2014 | Charles Lane
    Of all the purposes for which you might put U.S. taxpayer dollars at risk, helping wealthy petro-states borrow millions to buy Boeing jets would not rank among the most urgent. Yet that is what the Export-Import Bank does: In fiscal 2013, Ex-Im backed $8.3 billion in aircraft and related sales, including a $117.5 million loan guarantee to support Boeing 737 purchases by Dubai — a typical transaction for an agency that has, over the years, earned the sobriquet “Bank of Boeing,” though it does also support Caterpillar and General Electric, among others. Now Ex-Im suddenly faces extinction: Its charter expires...
  • Obama Says 2014 Will Be 'Breakthrough' for US Economy

    12/21/2013 2:50:09 PM PST · by lbryce · 62 replies
    BBC ^ | December 20, 2013 | Staff
    Economic growth in the US was revised upwards to its fastest pace since late 2011 on Friday. The Commerce Department said GDP grew at an annualised rate of 4.1% between July and September, up from an earlier 3.6% estimate. That gave shares a boost and the Dow and S&P 500 indexes closed at records.
  • Secret World of Espionage Exposed in US Exhibit

    10/30/2013 11:21:02 PM PDT · by TexGrill · 1 replies
    Ria Novosti ^ | 10/30/2013 | Ria Novosti
    WASHINGTON, October 30 (RIA Novosti) – If you’ve always wanted to see a KGB umbrella that fires poison pellets, or a hollow tooth used to hide tiny files full of top-secret data, now’s your chance. A new exhibit that sheds light on decades of government espionage opened Wednesday at the Ronald Reagan Presidential Library in Simi Valley, California, and it’s full of the stuff spy dreams are made of, like a coin loaded with a small but deadly needle, a bug-sized robotic dragonfly used to gather intelligence information, and scores of other cool gadgets most of us can scarcely imagine....
  • 5 simple facts about US ‘easy money’

    10/30/2013 3:12:47 AM PDT · by TexGrill · 2 replies
    RT ^ | 10/30/2013 | RT
    After the US managed to avert a default, world financial headlines shifted from “US government shutdown” and “debt ceiling” to another term – “quantitative easing”. RT explains what QE means and why everyday people should care about the Fed's decision. On October 30, the US Federal Reserve will make its first monetary policy decision since the government shutdown was averted and the final budget decision was postponed until December. After a 16-day partial government shutdown and a batch of tepid economic data, no one expects the Federal Reserve to reduce its stimulus when it meets on Wednesday. Many analysts now...
  • How China, Europe and India are sidestepping the volatile US dollar

    10/14/2013 6:35:50 PM PDT · by TexGrill
    Quartz ^ | 10/10/2013 | Tim Fernhotlz
    One day, the rupee and the renminbi could displace the US dollar as the world’s reserve currency—the most-used means of exchange between countries. And that day is coming closer as emerging markets move to insulate their economies from the dollar’s volatility. The dollar spent the summer riding high as investors pulled money from emerging markets on expectations that the Fed’s bond-buying program would begin slowing in September. When that didn’t happen, many emerging-market policymakers saw an opportunity to prepare for the eventual unwinding, which the IMF warns could cost trillions if handled poorly. Now, as investors come to grips with...
  • The sun is setting on dollar supremacy, and with it, American power

    10/14/2013 6:27:11 PM PDT · by TexGrill · 46 replies
    Daily Telegraph ^ | 10/14/2013 | Jeremy Warner
    All great empires – from the Greek, to the Roman, the Spanish and the British - have at their heart a dominant means of exchange which is very much part of their political and social hegemony. Once upon a time, it was Roman coinage which was the world's pre-eminent currency. In more recent times it was the British pound. Today, it's the US dollar to which international investors flock as a safe haven for their money. Highly liquid and apparently reliable – until recently at least – nothing else comes even remotely close to the greenback's dominant position in the...
  • Pentagon faked arrival ceremonies honoring fallen soldiers

    10/14/2013 2:51:16 AM PDT · by TexGrill · 5 replies
    RT ^ | 10/14/2013 | RT
    The Pentagon has been holding phony “arrival” ceremonies for fallen soldiers at a base in Hawaii for over seven years, according to recent statements made by the United States Department of Defense to NBC News. For nearly a decade, military personnel transported flag-draped coffins containing the bodies of troops killed in action from seemingly just-arrived cargo planes during ceremonies near hangar 35 at Joint Base Pearl Harbor-Hickam. In reality, however, the remains of those soldiers may have spent upwards of months in military custody before being paraded out during partially-fabricated ceremonial presentations carried out by the government’s Joint Prisoner of...
  • US colleges' identity crisis

    10/14/2013 12:52:53 AM PDT · by TexGrill · 8 replies
    New Straits Times ^ | 10/14/2013 | Frank Bruni
    IS a college degree's worth best measured by the income its recipient makes five or 10 years down the road? Is college primarily a catapult to wealth? These were questions implicitly raised by President Barack Obama's recent proposal that the Federal Government look at graduates' earnings when rating schools in an effort to steer students towards the best ones. Is time in the military, in a store or at home with children comparable to time in a classroom, and should it count in some way towards a degree? There are university administrators who think so and who are trying to...
  • Homeland Security set for next Wall St collapse

    10/13/2013 8:19:54 PM PDT · by TexGrill · 24 replies
    Asia Times ^ | 10/10/2013 | Ellen Brown
    Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over 20 years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why? Recently revealed statements by former UK prime minister Gordon Brown at the height of the banking crisis...
  • You Must Have a College Degree For These Low-Paying Jobs

    09/24/2013 3:34:41 AM PDT · by TexGrill · 20 replies
    Construction Citizen ^ | 09/23/2013 | Scott Bradock
    The Construction Citizen team has written many times about the growing controversy over whether college is becoming obsolete and actually a liability for many in America. While pursuing a four-year degree is still a great option for a lot of people, there is growing consensus that it's certainly not the best option for everyone. That's evidenced by the fact that not only is there a college debt crisis, but you can now point to one career option after another that requires a college degree but doesn't pay anything close to what you'd need to make to pay off that debt...
  • US ranks 17 in measure of economic freedom

    09/19/2013 9:54:41 PM PDT · by TexGrill · 8 replies
    Daily Caller ^ | 09/17/2013 | Caroline May
    The United States has dropped 15 slots since 2000 in an annual ranking of economic freedom, from second place to 17th place. Wednesday, the Fraser Institute, a Canadian public policy think tank, released its annual Economic Freedom of the World Report revealing that while the United States is up a slot in the rankings from last year’s analysis, the country still has ground to make up to get back to the position it held in 2000. The report gauges how supportive countries’ policies and institutions are of economic freedom using 42 variables in five general areas: government size, property rights...
  • Million-Muslim March on 9/11 anniversary planned in DC

    08/16/2013 3:13:03 AM PDT · by TexGrill · 35 replies
    RT ^ | 08/16/2013 | RT
    On the anniversary of the September 11 terrorist attacks, the American Muslim Political Action Committee will host a gathering of one million people in Washington, DC, denouncing “FBI traps” and urging the government to reveal “the truth” about 9/11. With an event initially coined the “Million Muslim March” and later changed to the “Million American March Against Fear,” the committee hopes to generate awareness about civil rights violations that Muslims have endured after the September 11 attacks that occurred nearly 12 years ago. Protesters will condemn “FBI traps” and the “illegal tapping and surveilling of Muslim Americans,” as well as...
  • US misprinted 30 mln new $100 bills

    08/16/2013 2:48:36 AM PDT · by TexGrill · 20 replies
    RT ^ | 08/16/2013 | RT
    The US is approaching the release date of its new $100 bills, but the Bureau of Engraving and Printing is facing an embarrassing problem: 30 million bills were incorrectly printed, and fixing them will cost taxpayers an estimated $3.79 million. The new $100 bills were designed to reduce counterfeiting, and were initially scheduled to be released in 2010. But that summer, the Bureau of Engraving and Printing noticed that the bills were being produced with a blank sliver, due to a fold in the paper. The release date was therefore pushed back to 2011, and again pushed back to Oct....
  • US Nuclear Reactors Vulnerable to Terrorist Threat – Report

    08/16/2013 2:38:18 AM PDT · by TexGrill · 13 replies
    RIA Novosti ^ | 08/16/2013 | RIA Novosti
    WASHINGTON, August 15 (RIA Novosti) – Security measures at US commercial and research nuclear facilities do not provide adequate protection against potential terrorist threats, a report by researchers at the University of Texas says. The report, prepared under a contract for the Pentagon by the Nuclear Proliferation Prevention Project (NPPP) and released on Thursday, provides a comparative analysis of threat assessment at nuclear facilities in the United States used by the Nuclear Regulatory Commission (NRC), the Department of Energy (DOE), and the Department of Defense (DOD). Titled “Protecting U.S. Nuclear Facilities from Terrorist Attack: Re-assessing the Current ‘Design Basis Threat’...
  • Suit may scuttle American-US Airways merger

    08/15/2013 9:25:38 PM PDT · by TexGrill · 10 replies
    JoongAng Daily ^ | 08/16/2013 | AP
    The merger between American Airlines and US Airways was supposed to cap an era of consolidation that helped the airline industry return to profitability and produce a stronger competitor for giants United and Delta. Now a government lawsuit to block the merger has put both of those expectations in doubt. If American cannot grow by merging, it could decide to add flights to better compete with larger rivals. Doing so would likely reduce airfares - and profit margins - across the industry, an outcome many airline investors fear. Airline stocks sank for a second straight day Wednesday. American has faded...
  • Why New Troubles in France and Germany Will Affect 2Q U.S. Corporate Earnings

    07/18/2013 8:29:53 PM PDT · by abbyjoseph
    Profit Confidential ^ | Michael Lombardi
    The eurozone is still a mess. Instead of improvements, I just see more troubles. Economic slowdown in the region’s debt-infested nations is already staggering, but even those that were able to fight it are now experiencing huge problems. Around this time last year, the European Central Bank (ECB) was very clear about its plan for the eurozone crisis. It said that it’s “ready to do whatever it takes.” Back then it was the greatest relief to the market—the announcement calmed the rising debt rates in the eurozone and sent a wave of optimism toward the key stock indices. But it...
  • Dismal U.S. Consumer Spending to Drag Us Back into Recession?

    06/29/2013 10:29:46 AM PDT · by abbyjoseph · 24 replies
    Profit Confidential ^ | 28/06/2013 | Michael Lombardi
    While the mainstream economists were quick to believe that the U.S. economy is growing as the key stock indices suggest, I stood by my opinion that it isn’t. After the first estimates of gross domestic product (GDP) for the U.S. economy came out, a wave of optimism struck and stock markets rallied. It seemed as if everything was headed in the right direction. Sadly, they were wrong. In its third and final revision of GDP, the Bureau of Economic Analysis (BEA) reported that the U.S. economy grew at just 1.8% in the first quarter of 2013 from the fourth quarter...
  • Time to Stop Feeding the Tiger?

    06/05/2013 10:26:37 AM PDT · by kimtom · 14 replies
    www.humanevents.com ^ | 6/4/2013 | Patrick J. Buchanan
    (article photo) As America grew in the 1800s from a republic of a few millions, whose frontier stopped at the Mississippi, into a world power, there were constant collisions with the world’s greatest empire. In 1812, we declared war on Britain, tried to invade Canada and got our Capitol burned. In 1818, Andrew Jackson, on an expedition into Spanish Florida to put down renegade Indians harassing Georgia, hanged two British subjects he had captured, creating a firestorm in Britain. In 1838, we came close to war over Canada’s border with Maine; in 1846, over Canada’s border with the Oregon Territory....
  • What's the Economy's Big Problem? In a Word: Washington

    04/26/2013 6:29:54 PM PDT · by Comrade Brother Abu Bubba · 12 replies
    CNBC ^ | Fri. April 26, 2013 | John W. Schoen
    Washington's efforts to balance the budget are holding back the wobbly economic recovery. After "fiscal cliff" fears brought the economy to a near standstill late last year, many forecasters had expected growth to come roaring back in the first quarter as consumers made up delayed spending and businesses filled deferred job openings and restocked depleted inventories. But the Commerce Department's latest read on growth Friday showed U.S. gross domestic product expanding by 2.5 percent in the first three months of the year, less than the 3.1 percent pace forecasters had expected. Analysts say deficit-cutting moves, including a 2 percent payroll...
  • Comparing the Obama administration to terrorists...

    01/12/2013 6:25:38 AM PST · by thepoliticalcom · 2 replies
    The Political Commentator ^ | January 12, 2013 | Michael Haltman
    While at the same time comparing the Republicans to Opie! When I say that a comparison can be made between the Obama administration and Islamic extremists and terrorists let me be perfectly clear! In no way am I saying this relative to anything having to do with the Obama administration vis a vis the killing of innocent human beings! I do however say it in the context of the ability to listen to words, spoken or written, and then be faced with the prospect of having to successfully decipher the true meaning behind those words. Put another way, it's the...
  • U.S. bans BP from new government contracts after oil spill deal

    11/28/2012 8:08:02 AM PST · by JoyjoyfromNJ · 9 replies
    Reuters via Yahoo ^ | Nov 28, 2012 | J.Leff,K.Wukowski,A.Callus,A.Rascoe
    "The U.S. government temporarily banned BP Plc from federal contracts on Wednesday over its "lack of business integrity" in the Deepwater Horizon oil spill in 2010, a move that the British company had said could force it to rethink its entire U.S. operations. The U.S. Environmental Protection Agency said the suspension was "standard practice" following criminal actions. . . . The suspension means that BP will not be able to secure any new contracts with the U.S. government, including the lease of new exploration territory in the federal Gulf of Mexico, one of BP's biggest oil production regions globally. Some...
  • Ding Dong, Twinkie is dead thanks to Obamas, US economy and unions

    11/16/2012 2:14:46 PM PST · by Marketfly1 · 49 replies
    Bayoubuzz.com ^ | November 16, 2012 | Jeff Crouere
    The corporate closure will eliminate not only jobs, but 33 bakeries, 565 distribution centers, 5,500 delivery routes and 570 bakery outlet stores in the United States. While some workers bucked threats from union bosses and returned to work, it was not enough. "The problem is we don't have enough crossing those lines to maintain normal production,” said Rayburn. So, this ends a company that has been in business since 1930 providing delicious treats to generations of customers. While it is a sad day for most Americans, one person who will be celebrating is First Lady Michelle Obama, who is the...
  • Obama vs. Romney election: US Economy, employment, healthcare on the line

    11/05/2012 7:10:31 PM PST · by Marketfly1 · 1 replies
    Bayoubuzz.com ^ | November 5, 2012 | Lawrence Chehardy
    Barack Obama, who was influenced by the peace movement of the 1960’s, was the one candidate most unlike President George W. Bush. And so it was that Barack Obama became the 44th president of the United States. After four years of the Obama administration the American economy continues to falter, the world is more dangerous than it was four years ago despite the death of Osama bin Laden, and our national debt is threatening our entire economic existence. Today the federal government spends eleven dollars for every seven dollars it collects. Our national debt has soared past $16 trillion.
  • Bernanke's Act of Terrorism

    09/15/2012 4:56:05 AM PDT · by tselatysr · 7 replies
    Tea Party Tribune ^ | 2012-09-14 23:46:19 | mrcurmudgeon
    By Mr. Curmudgeon:While Islamic militants riot outside U.S. embassies overseas, and kill American counselor officials and their support personnel, another terrorist act just as deadly took place on American soil. Federal Reserve Chairman Ben Bernanke announced his independent, in your face, answer-to-no-one agency will flood the U.S. economy with $40-billion-a-month in counterfeit greenbacks to buy worthless mortgage-backed securities. He said the Fed would continue the policy "until such improvement is achieved in a context of price stability." That's Fed speak for "Forever."Commodity prices, like oil for instance, soared after Benny boy's announcement. So much for "price stability."As if to prove...
  • Federal Reserve Announces Open Ended QE III [ DNC released flick takes focus off US economy ]

    09/13/2012 1:28:48 PM PDT · by NoLibZone · 6 replies
    ace.mu.nu ^ | Sept 13 2012 | Ace of Spades
    nterest rates will stay in current range through 2015 and the Fed will be buying $40 Billion worth of mortgage backed bonds per month...until morale improves. This is what makesthe biggest difference: the Fed isn't announcing a limited amount of purchases. It's an open-ended program to buy bonds until the economy improves. From the statement: "If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability." Fed...
  • Consumer Blinks as "Consumer Comfort" Collapses Most In 4 Years

    05/17/2012 7:42:36 AM PDT · by Jim from C-Town · 9 replies
    Zero Hedge ^ | May, 17, 2012 | Tyler Durden
    We have seen three very loud and very clear messages this week on the state of the US consumer's mind. After a few months of extravagance, on the back of what can only be described as depression-fatigue, reality is biting once again. The Bloomberg Consumer Comfort index just missed expectations by its greatest amount in three years and has plunged over the last 5 weeks by the most in four years - dropping back to four-month lows. Do these two messages explain the catastrophe that is JCP's results this quarter? We suspect so as the outlook for the economy (sub-index)...
  • Spying and Stealing By Communist China

    03/29/2012 5:34:43 AM PDT · by geraldmcg · 3 replies
    www.webToday.tv ^ | 03/08/2012 | webtoday.tv
    How long are we going to put up with the fiction that free trade with China is beneficial to the United States? China uses our myopia about free trade to cheat us coming and going, steal our patents and manufacturing secrets, and violate the rules of the World Trade Organization to which they agreed when they joined. Communist China's strategy is to spend and spy and steal to become the number one superpower in the 21st century. The Chinese are seeking every kind of technology: aerospace, biotech, information, and energy....
  • Obama says he wants lower gas prices

    03/06/2012 1:45:26 PM PST · by Cincinatus' Wife · 44 replies
    CBS News ^ | March 6, 2012 | Stephanie Condon
    CBS News) President Obama on Tuesday scoffed at the notion he wants higher gas prices, as some of his critics claim. Asked about the charge at his first formal White House press conference of the year, Mr. Obama replied to Fox News correspondent Ed Henry's question with a question of his own. "From a political perspective, do you think the president of the United States going into re-election wants gas prices to go up higher? Is there anybody here who thinks that makes a lot of sense?" Presidents of both parties have historically considered it harder to get votes if...
  • Durable goods orders drop by most in 3 years

    03/04/2012 9:13:48 PM PST · by U-238 · 16 replies
    Yahoo News ^ | 2/28/2012 | Martin Crutsinger
    U.S. businesses slashed spending on machinery and equipment in January after a tax break expired, pushing orders for long-lasting manufacturing goods down by the largest amount in three years. Orders for durable goods fell 4 percent last month, the Commerce Department said Tuesday. A big reason for the decline was demand for so-called core capital goods, which are viewed as a good measure of business investment plans, tumbled 4.5 percent. That's the biggest drop in a year. Economists attributed much of the decline in January to the end of the tax credit. They noted that demand for core capital goods...
  • Oil Gives Economy Both Barrels

    03/04/2012 8:57:27 PM PST · by U-238 · 30 replies
    Wall Street Journal ^ | 3/3/2012 | Liam Denning
    Most drivers are familiar with the nagging refrain of "Are we there yet?" But with gasoline heading back to $4 a gallon on average, it takes on more urgency: Oil can't go much higher without derailing the economy. Brent crude oil is back above $120 a barrel. Looked at on a 12-month rolling average, it is now 6% above its prior 2008 peak. U.S. gasoline demand is down almost 7% year-on-year. This year, Europe is forecast to consume 10% less oil than it did in 2008. Global demand is still forecast to rise, but only in emerging markets. Oil's high...
  • Bernanke warns of slow progress ahead on jobs

    03/01/2012 2:09:34 AM PST · by U-238 · 7 replies · 2+ views
    Reuters ^ | 3/1/2012 | Mark Felsenthal and Pedro da Costa
    Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Bernanke told Congress that unless growth accelerated, the unacceptably high U.S. unemployment rate would not keep dropping. But he stopped short of signaling further Fed bond purchases, dashing the hopes of some traders in financial markets who were betting on more monetary stimulus. "The job market is far from normal," Bernanke said. "Continued improvement ... is likely to require stronger growth in final demand and production." The swift decline in the...
  • U.S. economy unlikely to fully recover, says Bank of Canada governor Mark Carney

    01/23/2012 7:46:46 AM PST · by EnjoyingLife · 21 replies
    Postmedia News ^ | January 22, 2012 | Robert Hiltz
    Canada needs to look beyond its southern neighbour for markets because the United States economy is unlikely to ever fully recover, Bank of Canada governor Mark Carney said Sunday [January 22, 2012]. In an interview with CTV's Question Period, Carney said that it is vital for Canada to look for new trading partners in the Asia-Pacific region and elsewhere to prevent the economy from being dragged down by the U.S. "It's going to take a number of years before they get back to the U.S. that we used to know -- in fact, they are not, in our opinion, ultimately...
  • America must manage its decline. (Barf Alert)

    10/17/2011 8:18:49 PM PDT · by Lazlo in PA · 16 replies
    Financial Times ^ | 10-17-11 | Gideon Rachman
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/0c73f10e-f8aa-11e0-ad8f-00144feab49a.html#ixzz1b6DTpeKa Recently I met a retired British diplomat who claimed with some pride that he was the man who had invented the phrase, “the management of decline”, to describe the central task of British foreign policy after 1945. “I got criticised,” he said, “but I think it was an accurate description of our task and I think we did it pretty well.”...
  • Unemployment rates rose in most states in August

    09/16/2011 11:31:21 AM PDT · by Baladas · 7 replies
    Associated Press ^ | Sept. 16, 201i | staff
    Unemployment rates rose in a majority of states in August for a third straight month, further evidence that the depressed job market is widespread. The Labor Department said Friday that unemployment rates increased in 26 states. They fell in 12 and remained unchanged in 12. Nationwide, the economy added no new net jobs in August, and the unemployment rate stayed at 9.1 percent for the second straight month. Many employers pulled back on hiring after the economy barely grew in the first half of the year. The economy added an average of just 39,500 jobs per month from May through...
  • Obama: Times are tough "but we're tougher" (LOL)

    09/05/2011 11:56:18 AM PDT · by Baladas · 66 replies
    CBS News ^ | .September 5, 2011 | David Morgan .
    (CBS News) DETROIT - President Barack Obama called for an end to "Washington games" and for Congressional Republicans to support initiatives to promote job creation benefiting the middle class. Speaking to a Labor Day rally in Detroit, a city he said had been "to heck and back," Mr. Obama challenged Congressional Republicans to put the country ahead of party. In a preview of his speech Thursday to a joint session of Congress, Mr. Obama proposed boosting construction and infrastructure projects - and included some finger-wagging at critics. "We have more than one million unemployed construction workers ready to get dirty...
  • Why Goldman Sachs Just Downgraded The US Economy (Investment Firm Pessimistic about the future)

    07/17/2011 10:00:59 AM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 07/16/2011 | Joe Weisenthal
    On Friday, Goldman's Jan Hatzius downgraded the US economy. Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of 2011 to 1.5% and 2.5%, respectively, from 2% and 3.25%. Our forecasts for Q4 and 2012 are under review, but even excluding any further changes we now expect the unemployment rate to come down only modestly to 8¾% at the end of 2012. What, specifically, prompted the worry? Two specific datapoints this week. The latest Empire Manufacturing Index went into shrinkage for the second straight month. More worrisome...
  • America's Economy Of Errors

    06/29/2011 4:04:46 PM PDT · by Barry Secrest
    Conservative Refocus ^ | 06/29/2011 | Barry Secrest
    It has always been the case in history, when a particular event occurs that is significant, no one can actually know at the time the portent of the event in question. For instance, who could have known that the tyrannical excesses of King George during the Americas' colonization would eventually lead to a Revolution that would define free societies for the next two and a half centuries? Even better, who could have known that this same revolt against Great Britain would ultimately lead to the salvation of a latter day United Kingdom, if not the world, during both Germany and...
  • US Is in Even Worse Shape Financially Than Greece: Gross

    06/13/2011 8:32:58 AM PDT · by george76 · 28 replies
    CNBC ^ | 13 Jun 2011 | Jeff Cox
    When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries... Much of the public focus is on the nation's public debt, which is $14.3 trillion. But that doesn't include money guaranteed for Medicare, Medicaid and Social Security... The government also is on the hook for other debts such as the programs related to the bailout of the financial system following the crisis of 2008 and 2009, government figures show. Taken together, Gross puts the total at "nearly $100 trillion
  • The US Economy Visualized in 10 Horrifying Economic Charts

    06/01/2011 7:14:04 AM PDT · by WILLIALAL · 52 replies
    KenCauley.com ^ | March 18, 2011 | Ken Cauley
    The America Family Association has organized ten powerful economic graphs that put financial facts and figures into visual form. Sometimes you can quote economic statistics to people until you are blue in the face and it won’t do any good, but when those same people see charts and pictures suddenly it all sinks in. As you examine the economic charts below, pay special attention to what has been happening to the U.S. economy over the last 30 or 40 years.
  • Horror for US Economy as Data Falls off Cliff

    06/01/2011 4:06:55 PM PDT · by MissesBush · 45 replies
    CNBC ^ | 06/01/11 | Patrick Allen
    <p>The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.</p> <p>"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.</p>
  • U.S. slapped by S&P – Will Conservatives learn and fight?

    04/21/2011 9:17:31 AM PDT · by T.Bourne · 9 replies · 1+ views
    National Republican Trust PAC ^ | 04/21/2011 | Scott Wheeler
    For the first time in history, Standard & Poor’s hit the American economy with a major warning, changing their view of our prospects from stable to negative. The top ratings agency put the United States on notice yesterday that it could lose its AAA rating if it does not act quickly to pare down our deficits and total national debt. If we as a country refuse to immediately address the federal spending spree we will be responsible for a catastrophic collapse of our economy. That is why the GOP Trust has launched a national ad campaign to STOP CONGRESS FROM...
  • 30 Reasons Why People Should Be Getting Really Nervous About The State Of The U.S. Economy

    10/28/2010 1:27:31 PM PDT · by SeekAndFind · 34 replies
    The Economic Collapse ^ | 10/27/2010 | Michael Snyder
    The mainstream media is full of happy economic news these days. The S&P 500 has shot up 16 percent since the beginning of July. Ford Motor Company just reported a profit that jumped nearly 70 percent in the third quarter. It was Ford's best third quarter performance ever and it was the 6th quarterly profit in a row for the company. Other major firms have announced earnings that have far exceeded expectations in recent weeks. Hooray! The pundits are proclaiming that the economic collapse is over and that the U.S. economy has won. It is almost enough to make one...
  • ALERT! Banks Failing at Double the Pace of Last Year

    06/19/2010 12:56:50 PM PDT · by Welshman007 · 6 replies · 266+ views
    Conservative Examiner ^ | 6/19/2010 | Anthony G. Martin
    Citing what he believes are clear signs the economy is bouncing back from recession, Vice-President Joe Biden yesterday touted Barack Obama's 'stimulus package' and bailout of Wall Street. Time for yet another fact-check on the pathological liars of the Obama Administration. Banks are failing at double the rate of last year. During 2009, which the government claims was the peak of the recession, the total number of bank failures at this point in the year was 40. It is already 83 for this year. Yet the FDIC is running ads on radio stations across the country attempting to scare people...
  • America Burning

    05/21/2010 9:28:39 AM PDT · by Welshman007 · 6 replies · 459+ views
    Conservative Examiner ^ | 5/21/2010 | Anthony G. Martin
    America is burning right before our very eyes. Liberty is under direct assault by forces in our own government and by large corporations that have decided to cut a deal with the devil. Our economy is headed for complete disaster as Europe teeters on the brink of collapse. And the American President agrees with the Mexican President that breaking the law of the land concerning illegal aliens is perfectly acceptable.
  • Chinese Market Indicates that US Stocks could be in for a Big Fall

    05/19/2010 6:44:18 AM PDT · by bananaman22 · 3 replies · 371+ views
    OilPrice.com ^ | 19/05/2010 | Charles Hugh Smith
    Does the Chinese stock market presage the U.S. market's direction? If so, the U.S. market is set for a fall. The economies of China and the U.S. are in effect Siamese Twins, joined at the hip. By pegging their currency to the U.S. dollar, the Chinese central government has tethered its economy to both U.S. policy and the U.S. economy. Since the U.S. economy is still considerably larger than China's, and the yuan/renminbi is pegged to the dollar (and not vice versa), then we might expect China's stock market to follow the American market's lead. As expected, the two markets...
  • China Remains Biggest Holder of U.S. Debt

    05/03/2010 1:15:40 AM PDT · by ErnstStavroBlofeld · 4 replies · 318+ views
    Wall Street Journal ^ | 4/30/2010 | Sarah Lynch and Meena Thiruvengadam
    The verdict is in: China is still the top holder of U.S. government debt, the Treasury said in a report on Friday. The report showed that as of December, China held $894.8 billion in U.S. securities. The figure is consistent with a preliminary report released in late February. Friday's final version of that report puts to rest a question about whether Japan had surpassed China as the top holder of U.S. debt in December. A report released by the government in mid-February had suggested that China had lost its top spot—one it had gained in 2008. But then, later that...
  • Obama Not Able to Convince Americans that Economy is Improving

    04/26/2010 11:45:21 AM PDT · by usalady · 25 replies · 635+ views
    suite101.com ^ | April 26, 2010 | Martha
    Although the Obama White House and economists keep saying the economy is getting better, Americans appear to be rejecting the message and the messenger.
  • Symbolism: Goldman Sachs Buys Off Obama, GE Pays No Taxes

    04/20/2010 11:17:16 AM PDT · by Welshman007 · 11 replies · 425+ views
    Conservative Examiner ^ | 4/20/2010 | Anthony G. Martin
    Two major developments in the U.S. financial and business sector denote an ironic symbolism, pointing to precisely what is wrong with the American economy today. The corruption-laden Goldman-Sachs contributed nearly one million dollars to the campaign of Barack Obama, making it his largest donor. And GE, the Leftist corporation that pushed Obama's 'cap and trade' scheme, paid zero in taxes. (AP Photo/Diane Bondareff). Inside Goldman-Sachs headquarters. Goldman-Sachs was a major player in the near-collapse of the financial sector in late 2008, resulting in the 2 bailout bills enacted by Congress--one under George W. Bush and the other under Barack Obama....
  • Of Slashing Federal Spending and Cutting Taxes

    04/17/2010 11:18:22 AM PDT · by Welshman007 · 1 replies · 117+ views
    Conservative Examiner ^ | 4/17/2010 | Anthony G. Martin
    Conservatives in one accord are united behind at least 2 principles--reducing the size of government by slashing federal spending, and cutting taxes for all, across the board. At issue is how to best go about it.