Archives February 2012
Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.
Valerie Jarret, a White House senior adviser kept a straight face while explaining to a crowd in North Carolina how unemployment welfare checks are good for the economy.
The Holy President highlights his petty list of achievement that is way short than the one he filled with empty promises four years ago. The American dream has gone from owning a home to renting.
Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday, in a retaliatory measure against fresh EU sanctions on the Islamic state’s lifeblood, oil.
After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.
Government to Freeze Bank Accounts, Eliminate Euro, Restrict Capital Flow. That a default in Europe is coming has never been the question. For the astute observer the only thing at issue is how and when it will happen. While the mainstream financial media and government officials have tried to spin this story as one that involves only Greek debt, the fact of the matter is that this isn’t isolated to a single country. Italy, Portugal, Ireland and most other European countries are in exactly the same boat.
Spanish village goes back to peseta. A Spanish town is looking to the past to safeguard the future of its ailing economy by reintroducing the peseta. Fed up with the failing euro, rebellious locals in Villamayor de Santiago have reverted to using the old currency, which was phased out a decade ago.
It now appears that Europe is prepared to pay what it needs to pay to save its banks. But not to rescue Greece.
A small group of leading climate scientists, financially supported by billionaires including Bill Gates, are lobbying governments and international bodies to back experiments into manipulating the climate on a global scale to avoid catastrophic climate change.
For anyone paying attention, there is no shortage of issues that fundamentally challenge the underpinning moral infrastructure of American society and the values it claims to uphold. Under the conceptual illusion of liberty, few things are more sobering than the amount of Americans who will spend the rest of their lives in an isolated correctional facility – ostensibly, being corrected.
That’s enough, we can’t take it anymore.” That was the popular chant coming from protesters in Athens yesterday during the latest 24-hour general strike against the country’s austerity measures. Teachers and doctors joined bank employees to demonstrate against a new round of expected cuts as the cash-strapped country continued to negotiate new reductions in spending to help keep the economy afloat.
Brazil is on course to overtake the United States as the world’s top producer of biotech crops in the coming years, a leading promoter of farm biotechnology said Tuesday.
All attempts to officially create a world government have failed so far, but the United Nations and its accomplice founders and funders do not stop on their efforts to institute such a monstrosity. After the so-called environmental movement -a group led by powerful oligarchs- failed to impose a global environmental authority, which would get financing from a global tax on carbon emissions, the UN has now changed its discourse to ’solving poverty’ instead of ’saving the planet’ from a doomsday scenario of generalized anthropogenic warming.
Nigeria and the US have one thing in common. Despite the vast natural riches that exists under their lands, the two countries “prefer” to spend billion to import the oil needed to keep the economic activity going.
Often times, people want to know what exactly is the United States like. Most people have the wrong idea as it turns out. In many countries, where people believe that having it all is what life is all about, they still see the US as the bright house on the hill. “It is very different from when I used to live there,” I frequently respond. The key here is that the changes that have taken place in the United States, most if not all of them for the worst, have happened fast. The most significant to much of the population there took place in the last decade.