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economic activity

U.S. Government issues yet another phony Jobs Report

The payroll jobs report for May released today continues the fantasy. Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs. Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism. I’m afraid not. According to the Bureau of Labor Statistics, the jobs created are the usual lowly paid non-exportable domestic service jobs–the jobs ...Read full article...

Brazil faces forecasts of slow growth

m4s0n501 UPI November 1, 2011 Brazilian government economic planners have been served the first warning this year that the Latin American country’s commodities-fueled economy may be slowing. Data released by the state development bank BNDES indicated the sluggish growth wasn’t only a reality but one that had gained momentum in recent months. Reports of the continent’s largest economy slowing contrast with projections that continue to indicate healthy activity in ...Read full article...

First Traitor who wants out: Tim Geithner considers leaving U.S. Treasury

Bloomberg June 30, 2011 Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people familiar with the matter. Geithner said speculation about his departure was being driven by his decision to commute to New York so his son can finish his final year ...Read full article...