Economy

(AsiaTimes) – Watch Small Business for Employment Forecasts

Today’s 472,000 jobless claims print once again emphasizes how poor the employment outlook has been. What the macroeconomists all have missed is the creative-destruction character of the US economy: jobs are permanently lost and big companies and replaced by startups — except this time, there are no startups. Read More Here

(ResistNet) – REID PUSHES “CARBON TAX” BEFORE JULY 4th

Reid and the Democrats are fast-tracking Obama’s “Carbon Tax” to double ALL your energy costs. Read More Here

REPOST – (InfoClearingHouse) – Deficit Terrorists Strike In The UK – USA Next? – Ellen Brown – Read More Here

(Globe&Mail) – California on ‘verge of system failure’ – Read More Here

(CNN) – Video: No More Free Checking! or Another Way to Stick it to the “Small people” – Video Link Here

(KevBoyle) – Bankers To Regulate Themselves. Another Step In The Right Direction

So the Bank Of England is to take over the regulatory powers of the Financial Services Authority? This might help the international banks manage their parasitism more effectively but it will not help us. Read More Here

(NYTimes) – That ’30s Feeling – Paul Krugman

Suddenly, creating jobs is out, inflicting pain is in. Condemning deficits and refusing to help a still-struggling economy has become the new fashion everywhere, including the United States, where 52 senators voted against extending aid to the unemployed despite the highest rate of long-term joblessness since the 1930s. Read More Here

(WSWS) – Romania’s health service on brink of collapse – Read More Here

(TimesUnion) – 50-percent tax hike for Albany County homeowners? – Read More Here

(Bloomberg) – Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance

Russia wants the ruble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub. Read More Here

(Bloomberg) – Medvedev Says He ‘Cannot Rule Out’ Collapse of Euro (Update3) – Read More Here

(Bloomberg) – Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance

Russia wants the ruble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub. Read More Here

(FT) – Vietnam’s gold habit weighs down dong

Per dollar of income, the Vietnamese consume more gold on average than anyone else on earth: in 2009, more than twice as much as Indians, 10 times as much as Chinese and 44 times as much as Americans, according to World Gold Council data. Read More Here

(MyBudget360) – FDIC flashes code red – Banking system insolvent and expecting more bank failures. Since 2008 247 banks with $616 billion in assets have failed. History of Federal Reserve designed to protect the big banks Read More Here

(WSWS) – Nearly one million US workers cut off unemployment benefits

With 12 Democrats joining a unanimous Republican bloc, the US Senate voted Wednesday to defeat a proposed extension of unemployment benefits for workers who have been jobless for nearly two years. The bill would have extended unemployment benefits for those out of work more than six months, until November 30. Read More Here

Climategate

(HubPages) – The US Gov’t is using the global warming hoax to tax the air you breathe – Read More Here

(SustainbaleFuture2.0) – IPCC consensus on climate change was phoney, says IPCC insider

The UN’s Intergovernmental Panel on Climate Change misled the press and public into believing that thousands of scientists backed its claims on manmade global warming, according to Mike Hulme, a prominent climate scientist and IPCC insider. The actual number of scientists who backed that claim was “only a few dozen experts,” he states in a paper for Progress in Physical Geography, co-authored with student Martin Mahony.

“Claims such as ‘2,500 of the world’s leading scientists have reached a consensus that human activities are having a significant influence on the climate’ are disingenuous,” the paper states unambiguously, adding that they rendered “the IPCC vulnerable to outside criticism.” Read More Here

FLASHBACK – (Fox) – Video: ClimateGate Here Comes the Judge – Napolitano –