Economy

(NYTimes) – 99 Weeks Later, Jobless Have Only Desperation – Read More Here

(GlobalResearch) – The North American Free Trade Agreement (NAFTA) Resulted in Increasing Unemployment in the U.S. – Read More Here

(EndoftheAmericanDream) – An Unemployment Chart Almost Too Depressing To Look At – Read More Here

(WashingtonsBlog) – China Calls Our Bluff: The U.S. is Insolvent and Faces Bankruptcy as a Pure Debtor Nation

As the Financial Times notes, the head of China’s biggest credit rating agency has said America is insolvent and that U.S. credit ratings are a joke: Read More Here

(DailyMail) – HSBC makes £7bn profit in six months… but STILL won’t help firms as lending remains low – Read More Here

(GlobalResearch) – Whither the “Economic Agenda”: Unemployment is Worse Than We Know, Recovery Challenge Harder Than We Think – Danny Schechter

The “signs” of recovery, so breathlessly trumpeted by the politicians who want it to be true, is not generating the new jobs we need. The resumption of unemployment benefits will help those who were cut off but not all who need them. Foreclosures are rising, and government programs to stop them are not working. Read More Here

(IND) – Revealed: Industrial Revolution was powered by child slaves

Child labour was the crucial ingredient which allowed Britain’s Industrial Revolution to succeed, new research by a leading economic historian has concluded. Read More Here

(FoodChange) – Senate Cuts Food Stamp Funds; Leaves Oil and Gas Subsidies Intact

America’s poor rarely catch a break these days. The Senate is expected to vote today for a bill that will cut food stamp benefits by $6.1 billion to help fund Medicaid and teachers’ jobs, reasoning they were too high now that food costs are lower than predicted. Proponents essentially argued that poor people had too much money for food. Read More Here

Climategate

(WattsUpWithThat) – Sea Ice News #16

Summer is rapidly winding down in the Arctic, and (based on DMI graphs) the region north of 80N appears set to finish the summer as the coldest on record. So far, there have only been a small handful of days which made it up to normal temperatures. The Arctic is one of many places described by climate scientists as “the fastest warming place on earth.”

Ice melt during July was the slowest in the JAXA record. Read More Here

(UKMalayalikal) – Boffins: Arctic cooled to pre-industrial levels from 1950-1990

Late 20th century saw polar chill as CO2 rose

New research by German and Russian scientists indicates that summer temperatures in the Arctic actually fell for much of the later 20th century, plunging to the levels seen at the beginning of the industrial revolution.… – Source: UK Malayalikal

(WattsUpWithThat) – A primer for disproving IPCC’s theory of man made global warming using observed temperature data – Read More Here

(WattsUpWithThat) – NOAA graphs: 62% Of Continental US Below Normal In 2010

This map below is from the NOAA High Plains Regional Climate Center and shows the continental USA as “departure from normal for Jan1st, 2010 to July 31, 2010: Map Here

Video

(FoxNews) – Video: Ron Paul on FOX Business News About SEC –

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