Economy

(HawaiiReporter) – Healthcare Bill Will Cost Hawaii Taxpayers $204 Million, State Consultant Says, But Advocates Say ‘Reform’ is Needed; Hawaii Medical Providers Prepare for the Impact – Read More Here

(Guardian) – U.S. bank failures reach 103 so far this year – Read More Here

(WashExam) – White House predicts record $1.47 trillion deficit this year, 9 percent unemployment next year – Read More Here

(Makow) – Is Oil Spill Cover for Massive Foreclosure?

See the Gulf of Mexico oil spill not as an engineered environmental disaster but rather a savvy political move that diverts attention from foreclosure action by foreign financiers. Read More Here

(WebOfDebt) – Why the U.S. Need Not Fear a Sovereign Debt Crisis: Unlike Greece, It Is Actually Sovereign – Ellen Brown – Read More Here

(InfoClearingHouse) – Shadow Banking Makes A Comeback – Mike Whitney – Read More Here

(BBJ) – Bankruptcy filings surge

Bay State bankruptcy filings spiked 25 during the first half of the year compared to the same period last year, according to a new report from The Warren Group. Read More Here

(TheAtlantic) – Mass Layoffs Up in June

More firms engaged in mass layoffs in June, according to the Bureau of Labor Statistics. The results are disappointing. The number of workers laid off through mass actions of fifty or more increased by 7.2% compared to May. But more alarming is the number of firms that participated in these activities, which increased by 16.6%. That’s the biggest jump since August of 2009. Read More Here

(BizJournals) – Recovery Report: Schools plan layoffs now that much of stimulus aid is gone – Read More Here

(TulsaWorld) – Thousands show up at Tulsa food pantry Friday

“We estimate there were 2,000 people here this morning,” said Connie Cronley, executive director. “The heat, the crowd and the incorrect information they have received rendered, in my judgment, a situation that was unsafe.” Read More Here

(WallStCheatSheet) – Where and Why are Businesses Closing?

This recession was particularly ravaging to many businesses. ~1.5 million businesses have already closed their doors. Here is a more in depth look at where businesses are closing and why: Read More Here

(FoxBusiness) – Video: Peter Schiff On Fin Reg – Video Link Here

(WRH) – The US Government is Dying

The US Government is dying. Its ultimate fate was sealed the moment the Federal Reserve Fiat money system was put into place. Like a recreational drug user enjoying that first chemical rush, those who created the federal Reserve luxuriated in the seemingly endless flow of money pouring forth from the Federal Reserve, money used to prolong and consolidate power, money spent without worry in the full knowledge that it was going to be someone else’s problem to pay it all back. Read More Here

(CSPAN) – Video: Ron Paul – Financial Services Hearing July 22 2010 – Video Link Here

(CNNMoney) – 20% of Americans hit by major economic loss

The new Economic Security Index looks at the interaction of three key variables that have a direct bearing on a person’s economic security: income loss, medical expenses and debt. Read More Here

(USAToday) – Consumer group: Insurers kept surplus while hiking premiums

Non-profit Blue Cross and Blue Shield health plans stockpiled billions of dollars during the past decade, yet continued to hit consumers with double-digit premium increases, Consumers Union found in an analysis of 10 of the plans’ finances. Read More Here

(RussiaToday) – Video: Gerald Celente – ‘Get the Crooks out’ –

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