Economy

(PressTV) – Goldman profited from market crash

A US Senate panel has revealed emails that show Goldman Sachs Group Inc profited massively by engaging in the sale of investments that were structured to fail. Read More Here

(1010Wins) – Hundreds Camp Out in Queens Hoping for Elevator Jobs

Hundreds of job seekers camped out over the weekend at a union office in Queens hoping to be first in line for a chance to apply for an internship in the field of elevator repair. Read More Here

(Sky) – Goldman’s Frankenstein Moment

If the knives were out for Goldman Sachs before today, they’re now hovering perilously close to the Wall Street bank’s throat – and Adair Turner, chairman of the Financial Services Authority, is likely to be paying particularly close interest. Read More Here

(PRNewsWire) – U.S. Food Inflation Spiraling Out of Control

The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over 26 years. NIA believes that a major breakout in food inflation could be imminent, similar to what is currently being experienced in India. Read More Here

(WSJBlog) – Number of the Week: 103 Months to Clear Housing Inventory

All this means that little can stop banks’ inventory of distressed homes from growing. Too many people owe too much more on their homes than they can afford. For the housing market, that could mean a long-lasting hangover. Read More Here

(Fox) – GM Used Bailout Money to Repay Loan

A top Senate Republican on Thursday accused the Obama administration of misleading taxpayers about General Motors’ loan repayment, saying the struggling auto giant was only able to repay its bailout money by dipping into a separate pot of bailout money. Read More Here

(GlobalResearch) – For $10 Billion of “Promises” Haiti Surrenders its Sovereignty

It was fitting that the Mar. 31 “International Donors Conference Towards a New Future for Haiti” was held in the Trusteeship Council at the United Nations headquarters in New York. At the event, Haitian President René Préval in effect turned over the keys to Haiti to a consortium of foreign banks and governments, which will decide how (to use the conference’s principal slogan) to “build back better” the country devastated by the Jan. 12 earthquake. Read More Here

(Technocrati) – Thousands Of Teachers To Be Laid Off – What Economic Recovery?

Thousands of teachers are about to lose jobs in many states. To manage massive budget deficits, several layoff notices were sent out to 22,000 teachers in California, 17,000 in Illinois, and 15,000 in New York. The numbers are expected only to increase in the coming months. Read More Here

(RawStory) – E-mails Show Goldman Execs Boasting as Housing Meltdown Unfolded

Goldman Sachs’ top executives were aware that the company made money by playing against the US housing market, according to internal e-mails released Saturday. Read More Here

(OpEdNews) – Profiling CEOs and Their Sociopathic Paychecks

One of the questions often asked when the subject of CEO pay comes up is, “What could a person such as William McGuire or Lee Raymond (the former CEOs of UnitedHealth and ExxonMobil, respectively) possibly do to justify a $1.7 billion paycheck or a $400 million retirement bonus?” Read More Here

Video: Gullible Nation – More False Hope

Economy

(EconomyInCrisis) – Jobless Rate: The Truth Bubble?

Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America’s Great Recession is shown by an official unemployment rate of about 10 percent, think again. Read More Here

(SydneyMorningHerald) – China insider sees revolution brewing

China’s top expert on social unrest has warned that hardline security policies are taking the country to the brink of ”revolutionary turmoil” Read More Here

(GlobalEconomicAnalysis) – Short Selling Restrictions “A Great Indicator of Imminent Market Crashes”

Inquiring minds are investigating Fannie Mae’s stunning $72 billion loss for 2009 as well as new short selling curbs. The two are actually related. Let’s take a look. Read More Here

(MarketForceAnalysis) – COMEX Inventory Data Reveal an Alarming Trend

For more than 6 months I have been gathering data released daily by the COMEX concerning delivery notices and inventory levels of gold and silver. This data must be captured and recorded each day as there is no database of historical data available to the general public. Read More Here

(MatterHornAsset) – Soverieng Alchemy Will Fail

When we look at the world economy today, wherever we turn we see a wall of risk. And sadly this is an insurmountable wall with risks that are totally unprecedented in history. Read More Here

(AmericaSpeakSink) – Unemployment Benefits Denied!Over A Million Families Destroyed!

They did it! The government of your nation did it! They just turned their backs on over a million people on unemployment and denied the extensions! Congress, in the most nefarious and pernicious move seen since “post economic collapse period,” has walked away, went home for the weekend and did not extend unemployment benefits to over a million America families. Read More Here

(Telegraph) – California is a greater risk than Greece, warns JP Morgan chief

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes. Read More Here

MSM: Inventory Uncovers 9,200 More Pathogens

(WPost) – An inventory of potentially deadly pathogens at Fort Detrick’s infectious disease laboratory found more than 9,000 vials that had not been accounted for, Army officials said yesterday, raising concerns that officials wouldn’t know whether dangerous toxins were missing.

Toxic Chemicals Release Report Shows Mercury, PCB Pollution Rise Dramatically

(NaturalNews) – Releases of mercury, PCBs, lead and dioxin into the environment increased significantly between 2006 and 2007, according to the annual “Toxics Release Inventory,” published by the Environmental Protection Agency (EPA).

Government Demands Inventory of All VFW Weapons

An Infowars reader has passed along an email sent to VFW commanders by the Assistant Adjutant of the Department of Texas Veterans of Foreign Wars indicating the U.S. Army TACOM (Tactical Army Command) is demanding an inventory of all weapons held by VFW posts.

Confirmed: Pakistani Taliban Using Indian/US Weapons

Briefing reporters about the progress of operation Rahe Rast, military spokesman Major General Athar Abbas yesterday revealed the extent of foreign support that the TTP terrorists are getting from Afghanistan. Large caches of weapons of US and INDIAN origin have been found as the security forces completely secure control of Mingora city, destroying various training centres of terrorists and killing important militant commanders, the military said.

U.S. Energy Department Cannot Account for Nuclear Materials at 15 Locations

WASHINGTON — A number of U.S. institutions with licenses to hold nuclear material reported to the Energy Department in 2004 that the amount of material they held was less than agency records indicated. But rather than investigating the discrepancies, Energy officials wrote off significant quantities of nuclear material from the department’s inventory records.