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  • We Have Already Witnessed The First 1300 Points Of The Stock Market Crash Of 2015

    08/21/2015 8:51:46 AM PDT · by Enlightened1 · 50 replies
    The Economic Collapse ^ | August 20th, 2015 | Michael Snyder
    What has been happening on Wall Street the past few days has been nothing short of stunning. On Thursday, the Dow Jones Industrial Average plummeted 358 points. It was the largest single day decline in a year and a half, and investors are starting to panic. Overall, the Dow is now down more than 1300 points from the peak of the market. Just yesterday, I wrote about all of the experts that are warning about a stock market crash in 2015, and after today I am sure that a lot more people will start jumping on the bandwagon. In particular,...
  • CALIFORNIA STORMAGEDDON!!!!!

    12/11/2014 12:12:47 PM PST · by Califreak · 67 replies
    Local News ^ | 12/12/14 | califreak
    So how are we all faring here in the face of this deadly NorCal storm? Since my house didn't blow away and I still have power I'm doing a cookathon laundry extravaganza!
  • The climate question: Alarmists in panic

    02/24/2014 8:41:56 AM PST · by neverdem · 14 replies
    Pittsburgh Tribune-Review ^ | February 23, 2014 | Masthead Editorial
    With 15 years of flat temperatures invalidating the “models” climate-clucking “scientists” cherish, blame-mankind politicians resort to shouting down opponents, bogus doomsday scenarios, With 15 years of flat temperatures invalidating the “models” climate-clucking “scientists” cherish, blame-mankind politicians resort to shouting down opponents, bogus doomsday scenarios, false claims that scientific “consensus” favors their side and calls for economically ruinous “action” — as Secretary of State John Kerry did in a speech in Indonesia. He likened skeptics of man-made climate change to the Flat Earth Society, called global warming a weapon of mass destruction and warned against letting “a few loud interest groups”...
  • ISON UPDATE/Large Debris Moving Fast.

    12/05/2013 12:02:03 AM PST · by Yosemitest · 361 replies
    www.youtube.com ^ | Dec 4, 2013 | BPEarthWatch
    ISON UPDATE/Large Debris Moving Fast. Published on Dec 4, 2013 Ison Update. Solar and Quake Links http://www.BPearthWatch.ComPaul Begley Show Thursday 11 am - 2 pm Central time. LINK http://www.paulbegleyprophecy.com/web... Ison is a V shaped debris field with objects that are miles wide each..at least 21 large ones..They are moving at 2 million miles per day. Ison is moving away from "Secchi A" at that speed which makes it appear smaller from that camera each hour.. THE ROCKS ARE DARK NOW. They will become darker as they move further from the sun over Earth..They will not become smaller.
  • Going to Seed: Climate Change Could Spark Small Mammal Invasion

    07/08/2013 4:11:26 PM PDT · by Oldeconomybuyer · 17 replies
    Scientific American ^ | July 8, 2013 | By Henry Gass
    Seeding events in forests, on the rise due partly to climate change, provide more food for invasive mammals and could be the cause of a boom in their populations. Scientists at Landcare Research, a government-funded research center in New Zealand, say they’ve found a troubling link between climate change and invasive mammals that could threaten biodiversity and disease containment around the world if the local pattern holds. The link, they wrote in a study soon to be released in Ecological Applications, comes via gradual, global warming–induced disruption of periodic tree seeding in forests. This seeding, also known as masting, occurs...
  • 2012 Doomsday: It's not just Mayan claim

    07/22/2012 11:53:23 PM PDT · by Perseverando · 76 replies
    WND ^ | July 22, 2012 | Joe Kovacs
    Countless cultures predict end-time scenario this year An author investigating ancient prophecies is again sounding the alarm about numerous predictions suggesting 2012 could be the beginning of the “end of the age” spoken of in the Holy Bible. Last year, WND reported on Tom Horn’s efforts to let everyone to know calendars besides the ancient Mayan one predict the demise of human civilization in 2012, and he claims a demonic plot bringing about the end date could be hiding in plain sight inside the U.S. Capitol. He’s now continuing his effort to publicize the matter with speeches across the nation,...
  • Rise in sea level can't be stopped: scientists

    07/01/2012 10:33:25 AM PDT · by Free ThinkerNY · 39 replies
    Reuters ^ | July 1, 2012 | Nina Chestney
    (Reuters) - Rising sea levels cannot be stopped over the next several hundred years, even if deep emissions cuts lower global average temperatures, but they can be slowed down, climate scientists said in a study on Sunday. A lot of climate research shows that rising greenhouse gas emissions are responsible for increasing global average surface temperatures by about 0.17 degrees Celsius a decade from 1980-2010 and for a sea level rise of about 2.3mm a year from 2005-2010 as ice caps and glaciers melt. Rising sea levels threaten about a tenth of the world's population who live in low-lying areas...
  • 4.1-Magnitude Quake Jolts Yorba Linda

    06/13/2012 8:43:31 PM PDT · by BenLurkin · 41 replies
    CBS) — ^ | June 13, 2012 8:34 PM
    YORBA LINDA (CBS) — An earthquake with a preliminary magnitude of 4.1 struck in Orange County Wednesday night. The temblor was centered two miles north of Yorba Linda at 8:17 p.m., according to the USGS. The quake was felt as far away as Long Beach and the Inland Empire
  • WORLD BANK BOSS: We're Headed For "Impending Catastrophe" -- "A Rerun Of Great Panic Of 2008"

    06/02/2012 4:30:14 PM PDT · by blam · 32 replies
    TBI ^ | 6-202012 | Henry Blodget
    WORLD BANK BOSS: We're Headed For "Impending Catastrophe" -- "A Rerun Of Great Panic Of 2008" Henry Blodget Jun. 2, 2012, 9:51 AM The head of the World Bank, Robert Zoellick, is about to step down after a 5-year term. That means he can say what he really thinks. Here, via the Daily Mail, is what he really thinks about what's going on in Europe and the global financial markets: Financial markets face a rerun of the Great Panic of 2008. * It's ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a...
  • Hidden Epidemic: 
Tapeworms Living Inside People's Brains

    05/19/2012 5:44:54 PM PDT · by LibWhacker · 106 replies
    Discover ^ | 5/15/12 | Carl Zimmer
    Hidden Epidemic: 
Tapeworms Living Inside People's Brains05.15.2012Parasitic worms leave millions of victims paralyzed, epileptic, or worse. So why isn’t anyone mobilizing to eradicate them? by Carl Zimmer A human brain overrun with cysts from Taenia solium, a tapeworm that normally inhabits the muscles of pigs. Courtesy of Theodore E. Nash , M.D.Theodore Nash sees only a few dozen patients a year in his clinic at the National Institutes of Health in Bethesda, Maryland. That’s pretty small as medical practices go, but what his patients lack in number they make up for in the intensity of their symptoms. Some fall into...
  • APNewsbreak: Panel says wild weather worsens

    11/01/2011 8:50:00 AM PDT · by mdittmar · 45 replies
    google ^ | 11/1/11 | SETH BORENSTEIN, AP Science Writer
    WASHINGTON (AP) — Freakish weather disasters — from the sudden October snowstorm in the Northeast U.S. to the record floods in Thailand — are striking more often. And global warming is likely to spawn more similar weather extremes at a huge cost, says a draft summary of an international climate report obtained by The Associated Press.The final draft of the report from a panel of the world's top climate scientists paints a wild future for a world already weary of weather catastrophes costing billions of dollars. The report says costs will rise and perhaps some locations will become "increasingly marginal...
  • The Four Most Likely Ways You Can Die If The SHTF

    06/30/2011 6:41:48 AM PDT · by blam · 166 replies
    SHTF Plan ^ | 6-30-2011 | Tess Pennington
    The Four Most Likely Ways You Can Die If The SHTF Tess Pennington June 30th, 2011 Ready Nutrition The subject of survival in a long term disaster goes beyond having stockpiles of beans, bullets and band-aids. Those that do survive during a long term emergency will no doubt be tried and tested with a great many things. One of those trying scenarios is dealing with death. Zombie attacks seem to be a prevalent theme for preppers to prepare for. In fact, the CDC has even posted a preparedness article on how to ward off zombie attacks. While I believe these...
  • Radioactive Plume to Hit U.S. On Friday (President will be in South America avoiding Plume) - Vanity

    03/17/2011 11:06:45 AM PDT · by Scythian · 57 replies
    One thing is for sure. The president of the U.S. will not perform his job, he will not gather the proper experts together to formulate a best guess on the radiation heading our way. And he will not hold a press conference. Instead, he's heading down to South America, well out of the way of the radiation plume heading our way. If his wife and kids go with him, then you know it's going to be far worse than they are letting on.
  • EurekAlert Withdraws Climate Change Paper

    01/19/2011 4:44:29 PM PST · by lbryce · 28 replies
    CTV ^ | January 19, 2011 | Staff
    A study warning that the planet would warm by 2.4C by 2020, creating deadly consequences for the global food supply, is being debunked as false and impossible. The study came from a little-known, non-profit group based in Argentina, called the Universal Ecological Fund. An embargoed copy of the study appeared on Eurekalert!, a news service operated by the American Association for the Advancement of Science (AAAS) that's followed by many journalists. The study was picked up by a number of international news organizations Tuesday. But it appears the study's claims were erroneous. The AAAS says that after receiving complaints that...
  • Climate: New Warming Expected, An Obviously Unbiased Report

    02/18/2010 8:05:07 AM PST · by RogerFGay · 36 replies · 948+ views
    Conservative for Change ^ | February 18, 2010 | Roger F. Gay
    Inspired for the most part by an article written by Guardian science correspondent Ian Sample, some by an article by Pulitzer Prize op-ed columnist Thomas L. Friedman in the New York Times, as well as others I've read over the past couple of years, I decided to try my hand at environmental journalism. Feel free to leave a comment to let me know how I'm doing. Just remember – it's all about science. The most exalted of the world's eminent scientists – ever – are predicting a new warm period set to begin in the very near future, which...
  • Major Antarctic glacier is 'past its tipping point' (It's a catastrophe!!!!)

    01/13/2010 5:39:13 PM PST · by Free ThinkerNY · 66 replies · 2,388+ views
    newscientist.com ^ | Jan. 13, 2010 | Shanta Barley
    A major Antarctic glacier has passed its tipping point, according to a new modelling study. After losing increasing amounts of ice over the past decades, it is poised to collapse in a catastrophe that could raise global sea levels by 24 centimetres. Pine Island glacier (PIG) is one of many at the fringes of the West Antarctic ice sheet. In 2004, satellite observations showed that it had started to thin, and that ice was flowing into the Amundsen Sea 25 per cent faster than it had 30 years before. Now, the first study to model changes in the ice sheet...
  • Concern over canned foods - Bisphenol A in soups, juice, and more

    12/06/2009 7:04:43 AM PST · by opentalk · 18 replies · 1,151+ views
    Consumer Reports ^ | December 2009 | consumer reports
    The chemical Bisphenol A, which has been used for years in clear plastic bottles and food-can liners, has been restricted in Canada and some U.S. states and municipalities because of potential health effects. The Food and Drug Administration will soon decide what it considers a safe level of exposure to Bisphenol A (BPA), which some studies have linked to reproductive abnormalities and a heightened risk of breast and prostate cancers, diabetes, and heart disease. Now Consumer Reports' latest tests of canned foods, including soups, juice, tuna, and green beans, have found that almost all of the 19 name-brand foods we...
  • Gibbs: Despite research dispute, 'climate change is happening'

    11/30/2009 12:37:01 PM PST · by Sub-Driver · 70 replies · 1,909+ views
    Gibbs: Despite research dispute, 'climate change is happening' By Tony Romm - 11/30/09 03:21 PM ET The White House on Monday made exceptionally clear that it wants nothing to do with the furor over documents that global warming skeptics say prove the phenomenon is not a threat. Despite the incident, which rocked international headlines last week, climate science is sound, Press Secretary Robert Gibbs stressed this afternoon, and the White House nonetheless believes "climate change is happening." "I don't think that's anything that is, quite frankly, among most people, in dispute anymore," he said during Monday's press briefing. Climate change...
  • Students not worried about virus at their school (complain Swine Flu "overexaggerated")

    05/05/2009 11:16:47 AM PDT · by GodGunsGuts · 17 replies · 573+ views
    GazetteExtra ^ | May 5, 2009 | STACY VOGEL
    Students not worried about virus at their school May 5, 2009 MILTON — Monday was a perfect day for basketball: sunny and warm with a slight breeze. And junior Adam Johnson wasn't about to let a case of swine flu at Milton High School bring him down—especially when that case got him two unexpected days off school. "I think (the flu threat) is over exaggerated," Johnson said as he played basketball at Schilberg Park, defying the school's recommendation to avoid public places. Across the street, the parking lot at Milton High School was deserted but for a TV news crew....
  • Solar storm could cause planetary disaster at any time, warn scientists

    03/26/2009 10:01:30 AM PDT · by anniegetyourgun · 43 replies · 2,251+ views
    UKDaily Mail ^ | 3/26/09 | Claire Bates
    The Government was urged today to make contingency plans for a freak solar flare that could 'knock out' the National Grid and create severe water and food shortages. Labour former minister Graham Stringer said Britain should be prepared for a repeat of the solar storm of 1859, which hit Earth and paralysed much of the telegraph system. In a Commons motion, Mr Stringer said such an event could now 'knock out the National Grid, which would lead to a loss of water supply,
  • The inescapable apocalypse has been seriously underestimated

    03/14/2009 11:27:57 PM PDT · by Schnucki · 31 replies · 1,692+ views
    Spectator Blogs (U.K.) ^ | March 12, 2009 | Melanie Phillips
    The atmosphere is cooling, the ice is expanding, the seas are not rising -- even though carbon emissions are increasing. The evidence is now crystal clear to anyone with an unwashed brain that man-made global warming theory is sheer unadulterated bunkum. So how do the warmers react to the ever more embarrassing evidence that they have hitched their reputations to the biggest anti-scientific scam in history? By ratcheting up the hysteria to fever pitch and shrieking that their predictions about the impending irreversible environmental apocalypse have grievously underestimated the catastrophe which is going to be far, far worse. At the...
  • Catastrophic ice storm over AR, MO, KY

    01/27/2009 6:06:36 PM PST · by janetjanet998 · 162 replies · 4,865+ views
    various
    reports coming in of major damage from 1-2 inches of ice over the area..its still raining with temps below freezing in many areas. information is sketchy but major damage to infrastructure are trickling in. Damage to houses from falling trees, multiple power poles down, and widespread power outages Travel is impossible in many area because of 100's of downed trees blocking the roads. Fires are reported in some area widespread state of emergencies issued Northern AR, SE MO and western KY seems to the the hardest hit so far..but things are icing up fast now in the Louisville/Lexington areas too
  • Jobless Claims Surge By 30,000 to 26-Week High

    12/24/2008 9:38:50 AM PST · by Lazamataz · 16 replies · 587+ views
    CNBC ^ | December 24, 2008 | ?
    The number of U.S. workers filing new claims for jobless benefits jumped by 30,000 to a 26-year peak last week, government data on Wednesday showed, as the country's year-long recession continued to chill the labor market. Initial claims for state unemployment insurance benefits rose to a seasonally adjusted 586,000 in the week ended Dec 20 from a revised 556,000 the prior week, the Labor Department said. It was the highest since the week ended Nov. 27, 1982, when intial claims rose 612,000. Analysts polled by Reuters had forecast 560,000 new claims versus a previously reported count of 554,000 the week...
  • Global warming attributed to liberal imagination

    12/14/2008 6:40:31 PM PST · by KOZ. · 13 replies · 1,194+ views
    The Teaspoon Times ^ | Sunday, December 14, 2008 | John Johnson
    WASHINGTON, D.C. — A recent study by the Multinational Council on Climate Research, a Washington-based think tank, found that global warming, the phenomenon that is causing average temperatures on Earth to rise, is actually nothing more than a collective figment of overactive left-wing imaginations across the country. “We were astonished by the results,” said Jacob Harcourt, managing director of the MCCR. “I had always thought the primary cause of global warming to be gases in our atmosphere that trapped the sun’s heat and caused an increase in surface temperatures. Turns out it’s nothing more than a penchant for foreign films...
  • Job Losses Hit 533,000 Last Month, Worst in 34 Years

    12/05/2008 7:20:27 AM PST · by Lazamataz · 113 replies · 2,142+ views
    CNBC ^ | Armageddon 5th, 2008 | The Four Horsemen
    U.S. employers axed payrolls by a shocking 533,000 in November for the weakest performance in 34 years, government data on Friday showed, as the recession inflicted a mounting toll on the U.S. labor market. The Labor Department said the unemployment rate rose to 6.7 percent last month in the highest reading since 1993, compared with 6.5 percent in October, after widespread losses across the country's major industry sectors. The number was far above analyst expectations. "The only time I've experienced this was the second quarter of 1980 where we had the credit crunch, so rather than an erosion, you have...
  • Black Friday warning: video games waste energy and contribute to global warming

    11/28/2008 12:05:22 PM PST · by Abathar · 45 replies · 968+ views
    Scientific American ^ | 11/28/08 | Larry Greenemeier
    If you're planning this holiday season (perhaps even today) to become one of the tens of millions of people in the U.S. to buy a video game system, you may want to consider how the purchase of a Nintendo Wii, Sony PlayStation or Microsoft Xbox will impact your carbon footprint (or, at very least, your electric bill). The Natural Resources Defense Council (NRDC), a New York-based environmental organization, in a new report says that video game systems are huge energy wasters, mostly because people (read: kids) tend to leave them on even when they're not using them. The study, conducted...
  • Vandenberg Delta Rocket launch sighting ALERT 7:28 PST

    10/24/2008 6:00:16 PM PDT · by Names Ash Housewares · 23 replies · 1,006+ views
    http://www.spaceflightnow.com/delta/d336/status.html
  • Bailout failure 'will cause US crash'

    09/27/2008 7:31:39 PM PDT · by kc8ukw · 81 replies · 2,748+ views
    Telegraph ^ | Sep. 27, 2008 | Tim Shipman and Edmund Conway
    The US stock market could suffer a devastating crash with shares losing a third of their value this week if Hank Paulson’s financial bailout plan fails, US Treasury officials have warned. ---- The financial system could face a meltdown of 1929 proportions unless US politicians succeed in their efforts for a $700bn rescue scheme, experts added. The warning came as Republicans and Democrats met in Washington for a rare weekend debating session to attempt to seal agreement on the contentious plan, aimed at preventing a long-lasting recession in the US.
  • Polar bears resort to cannibalism as Arctic ice shrinks

    09/23/2008 11:58:28 AM PDT · by rightwingintelligentsia · 72 replies · 474+ views
    CNN.com ^ | September 23, 2008 | Marsha Walton
    (CNN) -- Summer is over in the northern hemisphere, but it's been another chilling season for researchers who study Arctic sea ice. "It's definitely a bad report. We did pick up little bit from last year, but this is over 30 percent below what used to be normal," said Walt Meier, a research scientist with the National Snow and Ice Data Center in Boulder, Colorado. This past summer, the Arctic sea ice dwindled to its second lowest level. Arctic sea ice is usually one to three meters, or as much as 9 feet thick. It grows during autumn and winter...
  • Antarctic winter ice gets bigger; Arctic shrinks

    09/12/2008 7:38:08 AM PDT · by Sub-Driver · 23 replies · 165+ views
    Antarctic winter ice gets bigger; Arctic shrinks 12 Sep 2008 13:56:24 GMT Source: Reuters By Alister Doyle, Environment Correspondent OSLO, Sept 12 (Reuters) - The amount of sea ice around Antarctica has grown in recent Septembers in what could be an unusual side-effect of global warming, experts said on Friday. In the southern hemisphere winter, when emperor penguins huddle together against the biting cold, ice on the sea around Antarctica has been increasing since the late 1970s, perhaps because climate change means shifts in winds, sea currents or snowfall. At the other end of the planet, Arctic sea ice is...
  • On a planet 4C hotter, all we can prepare for is extinction

    08/12/2008 7:04:55 AM PDT · by Col. Bob · 61 replies · 108+ views
    The Guardian ^ | Oliver Tickell
    On a planet 4C hotter, all we can prepare for is extinctionThere's no 'adaptation' to such steep warming. We must stop pandering to special interests, and try a new, post-Kyoto strategy We need to get prepared for four degrees of global warming, Bob Watson told the Guardian last week. At first sight this looks like wise counsel from the climate science adviser to Defra. But the idea that we could adapt to a 4C rise is absurd and dangerous. Global warming on this scale would be a catastrophe that would mean, in the immortal words that Chief Seattle probably never...
  • Arctic sea ice melt 'even faster' (AGW BS Alert)

    06/19/2008 12:59:25 PM PDT · by PROCON · 60 replies · 118+ views
    BBC News ^ | June 18, 2008 | Richard Black
    Arctic sea ice is melting even faster than last year, despite a cold winter. Data from the US National Snow and Ice Data Center (NSIDC) shows that the year began with ice covering a larger area than at the beginning of 2007. But now it is down to levels seen last June, at the beginning of a summer that broke records for sea ice loss. Scientists on the project say that much of the ice is so thin that it melts easily, and the Arctic may be ice-free in summer within five to 10 years. I think we're going to...
  • Ozone hole closing, but may not be good news (More doom and gloom)

    06/17/2008 11:56:51 AM PDT · by PROCON · 49 replies · 128+ views
    oheraldo ^ | June 17, 2008
    PANJIM, JUNE 16 (Agencies) — Manmade chemicals have damaged the ozone layer of the upper atmosphere that shields Earth from the harmful effects of the sun’s ultraviolet rays, each summer creating a hole over the South Pole that expands to nearly the size of Antarctica. But in 1996, an international treaty banned the chemical refrigerants and propellants (known as CFCs, or chlorofluorocarbons), and the hole has been shrinking. Scientists predict it may stop forming by the end of this century. But that’s not necessarily good news. A new study published in ‘Science’ says that the closing of the ozone hole...
  • Weimar Inflation in America

    05/28/2008 6:45:06 AM PDT · by Dick Bachert · 56 replies · 253+ views
    Kitco ^ | May 26 2008 | James Turk
    Probably almost everyone is familiar with the hyperinflationary episode that engulfed Germany after the First World War. That nation’s economy was crippled by monetary problems that resulted in dreadful personal hardships, even though up to that time Germany had achieved one of the highest living standards in the world. The newly formed German government, named for the city where their constitution was drafted after the Kaiser’s abdication in 1918, kept pumping up the money supply. The process started relatively slowly, but quickly the pace of money creation accelerated. The Weimar government was paying its bills on credit – just like...
  • Consumer Confidence Falls To Five-Year Low in April

    04/29/2008 7:28:24 AM PDT · by Lazamataz · 9 replies · 101+ views
    Confidence among U.S. consumers fell to a five-year low in April as they confronted the grimmest jobs market since autumn 2004, the Conference Board said. The private Conference Board's index of consumer sentiment fell to 62.3 in April, the lowest since March 2003, when the Iraq war was launched, from an upwardly revised 65.9 in March. Despite the fall, the result beat the median forecast of economists polled by Reuters, which projected a reading of 62.0. Reflecting worries about the labor market, the gauge of respondents' feelings that jobs are plentiful slid to 16.6 in April, the lowest since September...
  • Consumer confidence falls to new low

    04/11/2008 8:57:14 AM PDT · by Lazamataz · 1 replies · 38+ views
    Yahoo news ^ | Fri Apr 11, 7:50 AM ET | By JEANNINE AVERSA
    By JEANNINE AVERSA, AP Economics Writer Fri Apr 11, 7:50 AM ET WASHINGTON - Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices. According to the RBC Cash Index, confidence dropped to a mark of 29.5 in April, down from 33.1 in March. The new reading was the worst since the index began in 2002. It marked the fourth month in a row where confidence has fallen to an all-time low. "Consumers are very pessimistic," said Mark Vitner, economist at Wachovia. "There are not...
  • Import Prices Rise More than Expected in March

    04/11/2008 7:26:37 AM PDT · by Lazamataz · 7 replies · 105+ views
    U.S. import prices rose by a more-than-expected 2.8 percent in March as petroleum prices jumped 9.1 percent, a Labor Department report showed Friday. U.S. export prices rose 1.5 percent during the month, also more than expected and the largest monthly gain on record, as prices for farm and food products continued to rise. Analysts polled by Reuters had forecast a 2 percent rise in import prices in March after a 0.2 percent gain in February. They also forecast a 0.5 percent rise in export prices after a previously reported 0.9 percent gain in February, which the Labor Department revised to...
  • Consumer's Mood Tumbled To a 26-Year Low in April

    04/11/2008 7:18:42 AM PDT · by Lazamataz · 29 replies · 288+ views
    U.S. consumer confidence fell to its lowest in more than a quarter century in early April, diving deeper into recessionary territory on heightened worries over inflation and jobs, a survey showed Friday. The Reuters/University of Michigan Surveys of Consumers said its preliminary index of confidence fell to 63.2 in April from 69.5 in March. This was well below economists' median expectation of a reading of 69.0, according to a Reuters poll. The April result is the lowest since March 1982's level of 62.0, when the "stagflationary" period of low growth and high inflation was still fresh in the memory of...
  • IMF sees US falling into recession

    04/09/2008 8:24:35 AM PDT · by Lazamataz · 21 replies · 757+ views
    Yahoo News ^ | Apr 9, 2008 | By JEANNINE AVERSA
    WASHINGTON - The world economy will slow sharply this year, according to an International Monetary Fund forecast, with the United States sliding into a recession amid housing, credit and financial slumps. The IMF, in a World Economic Outlook released Wednesday, slashed growth projections for the United States — the epicenter of the woes — and the global economy as a whole. Economic growth in the United States is expected to slow to a crawl of just 0.5 percent this year, which would mark the worst pace in 17 years, when the country last suffered through a recession, the IMF said....
  • Bigger Drop in March Jobs Is Latest Sign of Recession

    04/04/2008 7:35:55 AM PDT · by Lazamataz · 33 replies · 66+ views
    US employers cut payrolls by a bigger-than-expected 80,000 in March, adding more evidence that a housing downturn and credit crisis have pushed the economy into a recession. It was the third monthly decline in a row and the biggest in five years, according to the Labor Department. Adding to the bleak picture, the department revised the first two months of the year's job losses to a total of 152,000 from a previous estimate of 85,000. The March unemployment rate jumped to 5.1 percent from 4.8 percent, the highest since a matching rate in September 2005. The March job report was...
  • Jobless Claims Jump to Highest Level Since 2005

    04/03/2008 12:30:33 PM PDT · by Lazamataz · 13 replies · 91+ views
    The number of U.S. workers applying for unemployment benefits soared by 38,000 last week, posting the highest reading since September 2005 and reinforcing fears that the U.S. economy has stalled, government data on Thursday showed. Meanwhile, a separate report showed the US service sector, which makes up 80 percent of U.S. economic activity, contracted less than expected in March, but overall activity for the month still shrank. A Labor Department official said there were no special factors to explain the increase in initial claims to 407,000 in the week ended March 29, but he said seasonal adjustments to the data...
  • Some signs of optimism on economy

    04/03/2008 12:27:15 PM PDT · by Lazamataz · 17 replies · 94+ views
    Yahoo News ^ | Thu Apr 3, 4:00 AM ET | By Mark Trumbull
    America's web of housing and financial problems has no simple or quick fix, but one vital ingredient of progress appears to be on the rise: hope. A 3.6 percent surge of the Standard & Poor's stock index, as happened Tuesday, is hardly an all-clear signal. But the fact that the rally was led by some of the bank stocks at the center of the storm does point to some lessening of fears that neither markets nor policymakers can prevent an economic slowdown from becoming a deep recession. Among the encouraging signs: •Banks are raising fresh capital. The investment banks UBS...
  • NORTH CAROLINA and PENNSYLVANIA --Carry the Torch from Texas and Ohio! "OPERATION CHAOS"

    03/25/2008 11:01:30 AM PDT · by GVnana · 253 replies · 2,482+ views
    3/25/2008 | GVnana
    Call to Action. We want to help our fellow activists in PA and send them a signal we are working on this too, and synergize our efforts down here in NC with PA Activists in this next set of Primaries and keep passing this torch from state to state.If savvy Activists had not stepped up in TX & OH, we wouldn’t be seeing this awesome situation! Activists in North Carolina - time is short! April 11 is your deadline to re-register. Don’t re-register as a Democrat - you don’t need to. Instead RE-register as an “Unaffiliated” (what NC refers to...
  • Consumer confidence plunges in March

    03/25/2008 8:27:23 AM PDT · by Lazamataz · 16 replies · 555+ views
    NEW YORK - Consumer confidence sank to a five-year low in March as tight credit markets, rising prices and worsening job prospects deepened worries that the economy has fallen into recession. The Conference Board, a business-backed research group, said Tuesday that its Consumer Confidence Index plunged to 64.5 in March from a revised 76.4 in February. The March reading was far below the 73.0 expected by analysts surveyed by Thomson/IFR. Meanwhile, a widely watched index of U.S. home prices fell 11.4 percent in January, its steepest drop since data for the indicator was first collected in 1987. The decline reported...
  • The Easter Bunny Hates You.

    03/23/2008 6:01:04 AM PDT · by Lazamataz · 59 replies · 880+ views
    The Easter Bunny Hates You.
  • Index suggests economy weakening

    03/20/2008 8:09:23 AM PDT · by Lazamataz · 3 replies · 234+ views
    NEW YORK - A gauge of future economic activity dropped in February for the fifth consecutive month, suggesting that the weakening U.S economy could, indeed, be slipping into recession. The Conference Board said Thursday that its index of leading economic indicators fell 0.3 percent last month to 135.0 after dipping a revised 0.4 percent in January. The February reading was in line with the 0.3 percent decline expected by analysts surveyed by Thomson Financial/IFR. The index is designed to forecast where the nation's economy is headed in the next three to six months. Many economists believe rising gas prices, falling...
  • Jobless Claims Up 22,000, More Than Expected

    03/20/2008 7:06:47 AM PDT · by Lazamataz · 10 replies · 336+ views
    The number of US workers filing initial claims for unemployment aid climbed 22,000 last week, while the overall number on the benefit rolls hit a 3-1/2 year high a week earlier, the government said Thursday. The report suggested a further deterioration in the jobs market, although the department said increases in first-time claims last week and the week before reflected, at least in part, a strike by auto workers. The Labor Department said 378,000 initial claims for jobless benefits were filed in the week ended March 15, up from 356,000 in the prior week. Economists had expected a rise to...
  • Fed Rate Cuts Are Helping Economy, Not Credit Crisis

    03/18/2008 8:18:23 AM PDT · by Lazamataz · 24 replies · 916+ views
    It’s not the economy, stupid. It’s the credit crunch. The size of the Federal Reserve’s expected interest rate cut this afternoon may help stimulate a sluggish economy. But like the several cuts before, it is unlikely to unfreeze the credit markets, especially the mortgage one. And as the Fed continues to use its conventional fire-fighting equipment,there’s a growing sense that extraordinary--and somewhat controversial--measures may be needed. “The Fed by itself will not get us out of it," says John Irons, research director at the Economic Policy Institute. “We need to combine fiscal stimulus with monetary stimulus.” Among the ideas now...
  • Bear Stearns: How This DID Happen--And Will There Be More?

    03/17/2008 6:41:36 AM PDT · by Lazamataz · 341 replies · 6,022+ views
    CNBC ^ | Pisani
    To everyone who called me or emailed me over the weekend saying, "How could this happen? How could Bear Stearns go from $57 to $2 in two days?" I would offer the comment of one astute trader, who said, "When you are levered 30 times and have no access to finance it doesn't take a huge move on $400 billion in assets and $260 billion of debt to wipe out the equity." Two questions dominate the Street this morning: 1) What will Bear Stearns' shareholders--specifically Bear employees--do? The $2 per share deal is subject to shareholder approval, and Bear employees--many...
  • NY Fed Manufacturing Activity at Record Low in March

    03/17/2008 6:20:02 AM PDT · by Lazamataz · 22 replies · 639+ views
    gauge of manufacturing in New York State tumbled to a record low in March, the New York Federal Reserve said in a report on Monday that will heighten concerns that the economy is mired in recession. The New York Fed's "Empire State" general business conditions index fell to minus 22.23 in March from minus 11.72 in February. Economists polled by Reuters had expected an improvement in March to minus 8.00. The March reading was the weakest since the index was launched in July 2001. The survey of manufacturing plants in the state is one of the earliest monthly guideposts to...