(NeithercorpPress) – Economic Meltdown: The Final Phase – Read More Here
(LewRockwell) – Real Jobs, Fake Jobs
In many ways, the unemployment numbers are much worse than they appear. One factor has been the timing of the US census. The bureau hired some 700,000 workers to collect data, people who otherwise were having a very difficult time navigating the choppy labor markets. They went for the jobs because they were a sure thing, paid decently, and didn’t require unusual skills (anyone can knock on a door and pester people about their private lives). Read More Here
(DowJones) – Hungary Minister: IMF Talks Break Off On Lack Of Austerity
Hungary’s talks with the International Monetary Fund and the European Union broke off Saturday as the government refused to implement fiscal austerity measures to reach this year’s budget deficit target, Economy Minister Gyorgy Matolcsy said Sunday.
“We said that further austerity measures cannot be carried out…That’s the problem that we are in the fifth year of austerity measures, that’s why we are where we are,” Matolcsy said in an interview on private television channel HirTV. Read More Here
(SteveWatson) – Leading Chinese Economists Urge Government To Dump U.S. Treasuries, Buy Gold
Prominent economists in China are calling for their government to ditch vast holdings of U.S. Treasuries in favour of tangible assets such as gold, a move that would have a far reaching impact on the economy Read More Here
(BATR) – The Botox Fix for a Sovereign Debt Burst
How can a country be sovereign if their government must borrow money to pay their bills? Worse yet, in order to create money the State must go to the central bank and pay interest for every new currency that is created out of thin air. The two key elements that explain the absurd foundation of the global debt pyramid are simple, 1) Fractional Reserve Banking. 2) Legal Tender Laws. Read More Here
(Guardian) – Hedge funds accused of gambling with lives of the poorest as food prices soar – Read More Here
(BusinessAndMedia) – The Flight of the Money – Where Has It Gone?
Obama’s policies terrify business community; capital is leaving, cash is being hoarded. Read More Here
(IrishTimes) – Ireland’s credit rating downgraded by Moody’s – Read More Here
(ActivistPost) – 10 Ways You’re Being Fleeced by Banks
Taxpayers are rightfully angrier than ever before about the state of the U.S. economy and the government’s handling of the financial crisis; perhaps even more so than the Colonists at the original Tea Party. After all, it appears that the only group benefiting during this painful slide into recession are the very people who caused the crisis — The Banks. Read More Here
(Bloomberg) – Cameron Raids Dormant U.K. Accounts as Minister Attacks Banks
U.K. Prime Minister David Cameron announced plans to use “hundreds of millions of pounds” from dormant bank accounts to fund community projects, while Business Secretary Vince Cable said lenders “ripped off” customers. Read More Here
(WSJournal) – A Case for Japanese Hyperinflation – Read More Here
(Reuters) – Q+A-Does Japan face a Greek-like debt crisis? – Read More Here
(WSJournal) – Cities Rent Police, Janitors to Save Cash
Faced with a $118 million budget deficit, the city of San Jose, Calif., recently decided it could no longer afford its own janitors. So the city’s budget called for dropping its custodial staff and hiring outside contractors to clean its city hall and airport, saving about $4 million.
To keep all its swimming pools open and staffed, the city is replacing some city workers with contractors. Read More Here
(MailOnline) – NHS doesn’t care about cost of medicine’: Drugs firms accused of profiteering by raising prices by ONE THOUSAND per cent Read More Here
FLASHBACK – (Bloomberg) – European Banks’ Hidden Losses Threaten EU Stress Test
Investors say they don’t know if some banks are hiding bad loans, whether they have enough capital to withstand a debt default by a European state and whether governments can afford to rescue them. The European Union still hasn’t disclosed the tests’ criteria, including if they contain a sovereign default. Read More Here
(BushStole04) – Slaying the Debt Spider
The webs of deception and debt are controlled by an evil spider that is seldom seen.
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” – U.S. President John Adams Read More Here
(WSJ) – Roads to Ruin: Towns Rip Up the Pavement
Asphalt Is Replaced By Cheaper Gravel; ‘Back to Stone Age’ Read More Here
(Telegraph) – Cash crisis in NHS leaves patients lying on operating tables
A cash crisis in the NHS has left patients lying on the operating table before doctors realised vital equipment had not been ordered, according to a leaked report. Read More Here
(WSJ) – Lost in Taxation
The IRS’s vast new ObamaCare powers. Read More Here
FLASHBACK – (RollingStone) – The Great American Bubble Machine – Matt Taibbi
The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates. Read More Here
(MailOnline) – Whither Climate Change?
So where are we now with climate change? After the wheels fell so spectacularly off the global warming bandwagon last year, first with the various Climategate ‘scandals’ and then with the shambolic Copenhagen Summit (which showed that the people who brought you Carlsberg really couldn’t, on this occasion, organise the proverbial in a brewery) it is worth asking what the situation is now? Has global warming blown away and can we all relax? Read More Here
(ConservativeForChange) – Global Warming Scam : 2010 is Not the Hottest Year
Warmers and Democrats are once again getting overheated by their own propaganda; claiming 2010 is the hottest year on record. The current Cap-n-Trade promotional reads something like this (from The Hill blogs): Read More Here
(GWPF) – US Government Halts Funds For Climate Unit
The American government has suspended its funding of the University of East Anglia’s climate research unit (CRU), citing the scientific doubts raised by last November’s leak of hundreds of stolen emails.
The US Department of Energy (DoE) was one of the unit’s main sources of funding for its work assembling a database of global temperatures. Read More Here
(GlobalFreeze) – Record cold in Australia
Adelaide, Alice Springs, Brisbane, Melbourne, Perth, Sydney Read More Here
(TheWeatherNetwork) – Argentina cold snap
Argentina is suffering from some unusually cold weather. In fact, snow fell in over half the provinces on Friday. Read More Here