Scientists stunned as bee populations continue to decline

(NaturalNews) – Scientists remain stymied as honeybees in the United States and across the world continue to die in large numbers.

“There are a lot of beekeepers who are in trouble” said David Mendes, president of the American Beekeeping Federation. “Under normal condition you have 10 percent winter losses … this year there are 30, 40 to 50 percent losses.”

For many years, beekeepers have been plagued by colony collapse disorder, in which formerly healthy bees abruptly vanish from their hives. The number of beehives in the United States dropped 32 percent in 2007, another 36 percent in 2008 and still another 29 percent in 2009.

9/11 Rescue Workers Suffered Severe, Permanent Lung Function Losses

(Medscape) – Study Summary

The emergency rescue workers who responded to the terror attacks and collapse of the World Trade Center on September 11, 2001, were exposed to a dense cloud of pulverized building materials and products of the combustion. Many of the first responders were rescue workers from the Fire Department of New York (FDNY) and the emergency medical service (EMS). For most of these workers (10,870 from FDNY and 1911 EMS workers), records of routine lung function tests that predated 9/11 were available. Therefore, it was possible to accurately determine the acute effects of the exposure that occurred after the attack.

Economy

(EconomicPolicyJournal) – HOT: Curious Trading by Federal Reserve Advisor May Result in JPMorgan Chase $1.264 Billion Windfall – Read More Here

(NYTimes) – Home Owners Stop Paying Mortgages – Read More Here

(MiamiHerald) – Gulf shrimpers fear oil spill will put them out of business – Read More Here

(CNNMoney) – Three American cities on the brink of broke – Read More Here

(BizJournals) – Four more Ga. banks get consent orders – Read More Here

(NewsObserver) – Mental health group can pay only half wages – Read More Here

(Fox43) – Video: Thousands of job losses possible if federal funding expires – Read More Here

(HometownAnnapolis) – Cohen to unveil more budget cuts – Read More Here

(ZeroHedge) – Bank Of International Settlements Warns To Ignore Banker “Doomsday Scenario” Fearmongering And Racketeering – Tyler Durden

Over the past two years, the one strategy that has elicited the greatest amount of anger in the general population has been the traditional resolution to the “lowest common denominator” strategy of fearmongering or racketeering by the financial elite, any time it was faced with a status quo extinction event Read More Here

(TheEconomicCollapse) – Europe’s Coming Summer Of Discontent

The summer of 2010 promises to be the most tumultuous summer in the short history of the European Union. The sovereign debt crisis sweeping the continent threatens to cause economic and political instability on a scale not seen in Europe for decades. Read More Here

(Reuters) – China warns debt woes threaten global recovery

China warned on Monday that Europe’s struggle to contain ballooning debt posed a risk to global economic growth, raising the specter of a double-dip recession. Read More Here

(Reuters) – ECB warns of more bank loan losses

The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a “second wave” of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds. Read More Here

(PressTV) – Eurozone jobless rate hits record high

Unemployment rate in the Eurozone counties has jumped to a historic 10.1 percent — its highest since the introduction of Euro.

According to statistics released by the European Union, almost 16 million people living in the Eurozone countries are currently out of jobs. Read More Here

(ABCNews) – Hewlett-Packard to Cut 9K Jobs; See $1B in Charges

Hewlett-Packard Co. said Tuesday it will cut about 9,000 jobs and take $1 billion in charges over three years as it creates fully automated commercial data centers. Read More Here

(AP) – Video: Deep Cuts Looming for Nation’s Public School Kid

Budget crises across the nation are forcing thousands of teacher pink-slips, shuttering classrooms and cutting school programs. This is the first story in a 3-part AP investigation series.

Economy

(IND) – China’s gold rush ‘will be stampede by 2020’ – Read More Here

(NYTimes) – Stocks Soar, but Many Analysts Ask Why

The unemployment rate remains locked in a range that recalls the economic doldrums of the early 1980s. Housing is stuck in a ditch, with foreclosures rising. And consumers are still reluctant to part with the little cash they do have. Read More Here

(NorthJersey) – Cash-strapped states using income audits to get funds

State audits on income and sales taxes for the smallest businesses as well as out-of-state inquiries on operations in other states are on the rise, accountants say. Read More Here

(BusinessInsider) – There Are No New Taxes Coming In America…. Except The Massive One That Will Sock The Economy In The Gut – Read More Here

(ContrCostaTimes) – Chiang: Worst yet to come for California budget crisis

State Controller John Chiang said Monday the worst of California’s budget crisis is still to come. Read More Here

(NYTimes) – State Debt Woes Grow Too Big to Camouflage

California, New York and other states are showing many of the same signs of debt overload that recently took Greece to the brink — budgets that will not balance, accounting that masks debt, the use of derivatives to plug holes, and armies of retired public workers who are counting on benefits that are proving harder and harder to pay. Read More Here

(InfoClearingHouse) – Eighteen Million, Out in the Road

How cold and callous can we become? When, as a society and as a nation, we can undergo a massive earthquake under our very feet and before our very eyes, how can we just ignore its victims? Read More Here

(InfoClearingHouse) – Video: Tent Slums Spring Up in America

Concentrations of homeless people are nothing new in America, but recent BBC and Los Angeles Times reports depict a rising trend of shanty slums, such as a “city” of newly homeless people living in tents near the Ontario airport in Los Angeles. View Video Here

(InfoClearingHouse) – Workhouse Nation – The Plight of Mass Unemployment in America. What are the Causes? Read More Here

(WickedLocal) – Bay State foreclosures up 13.8 percent

Completed foreclosures in Massachusetts fell 19.6 percent in February, compared to January, but were 10.4 percent higher than in February 2009, according to data released Thursday morning. Also, foreclosure deeds jumped 13.8 percent to 2,058 in the first two months of the year from 1,809 during the same period in 2009, the Warren Group reported. Read More Here

(CBS2Chicago) – Report: 20,000 Illinois Teachers Could Lose Jobs

9,800 Teachers Are Already Out, Many More Layoffs Are Planned Read More Here

(AP) – IN could see new wave of foreclosures

The number of Indiana mortgages that were 90 days or more overdue jumped to its highest level in more than a year in January, a statistic that has many fearing a surge of home foreclosures in 2010. Read More Here

(FortWorthBP) – Commercial real estate to see ‘storm’ of foreclosures

The 2010 Tarrant County commercial real estate market looks to be similar to 2009 with one big difference according to local foreclosure expert George Roddy Sr.: a ‘closing window of opportunity.’ Read More Here

The US Economic Crisis: Jobs Continue to Vanish While the Media Applauds “Recovery”

(GlobalResearch) – At first glance it appeared there was a typo in the headlines. The national media reported that, in January, another 20,000 more jobs were lost. Somehow, the unemployment rate dropped, from 10 percent to 9.7 percent. Nobody thought this paradox was worth explaining; instead, the media’s attitude was “more good news” about the economy.

MSM: Job losses from Great Recession about to get worse

(Yahoo) – Job losses during the Great Recession have been huge and they’re about to get bigger.
When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million.

200 Bank Failures Expected in 2010

(MoneyAndMarkets) – Washington has so thoroughly botched its supervision of the banking industry that 200 banks are likely to fail this year — easily surpassing last year’s 140 bank failures … inevitably involving the greatest bank losses in history … and already costing the FDIC ten times more than the great S&L and banking crisis of the 1980s did.

MSM: Personal Bankruptcy Filings Rising Fast

(WSJ) – The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses.

MSM: Personal Bankruptcy Filings Rising Fast

(WSJ) –  The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses.

MSM: Defiant banks pay millions in bonuses

(TimesOnline) – A fresh row over City bonuses is set to engulf ministers after it emerged last night that 200 executives at Lloyds, the partly state-owned bank, are set to receive one-off payments worth up to 80 per cent of their annual salaries.

MSM: The worst is yet to come: Unemployed Americans should hunker down for more job losses

(NYDaily) – Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.

No Recovery. It’s a Cover up! Recession To Worsen ­- Revolution To Follow

(GeraldCelente) – What 80 percent of economists call “Recovery” is a “Cover up”. Trillions in losses papered over with trillions of phantom dollars printed out of thin air and backed by nothing produce nothing except the mirage of recovery. The dollar’s dive and gold’s historic high is no mirage. Gold doesn’t lie.

MSM: Widespread Job Losses

(WSJ) – Labor-market stress continued to be widespread in September as all but seven states reported job losses last month.

US Treasury Controlled by Wall Street – Geithner’s Kitchen Cabinet

(BobChapman) – Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.

U.S. Stock Markets Disconnected from Reality

(C4L) – Earlier this year, I predicted that the 2009 rally in U.S. stocks could bring the Dow Jones Index as high as 10,000. It looks like that level has been achieved. If, at this point, the index reverses course, I would have made a fairly good prediction.

The Next Stage Of Deleveraging Means Return Of The Great Depression

(BusinessInsider) – At the FT, economist Thomas Palley goes metaphor crazy arguing that we’re heading for a double dip, and that the possibility of a Second Great Depression should not be written off.

US Economy: More Unemployment. Slowdown in the Pace of Job Losses

(BobChapman) – The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as the economy emerges from the recession.

MSM: Study – Bernanke, Paulson misled public on bailouts

(WATimes) – Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government’s $700 billion Wall Street bailout, creating “unrealistic expectations” about the companies and damaging the program’s credibility, according to a report by the program’s independent watchdog.

US: Over a quarter million jobs lost in September

The US unemployment rate reached 9.8 percent and the economy lost 263,000 jobs in September, according to figures released Friday by the Labor Department. The latest figures undermine claims of an imminent economic recovery and point to the likelihood that the US economy will remain mired in recession for the foreseeable future.

Video: Alex Jones Tv – Obama Set to Give Fed Total Control & What’s in Your Panvax?

Alex goes over Obama’s Attempt to give The Fed even more power and control over all our Lives, and then in part 3, Alex goes over the wonderful new things their puting in your vaccines for this year’s Flu Season!!

US Census Bureau Confirms Rising Poverty, Falling Incomes, and Growing Numbers of Uninsured

In early September, The US Census Bureau released its new report titled, “Income, Poverty, and Health Insurance Coverage in the United States: 2008″ (pdf) showing disturbing data that portends much worse ahead under a president and Congress doing nothing to address it.

MSM: U.N. ‘Climate Change’ Plan Would Likely Shift Trillions to Form New World Economy

(Fox) – A United Nations document on “climate change” that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes — all under the supervision of the world body.

MSM: Insiders sell like there’s no tomorrow

(CNN) – Corporate officers and directors were buying stock when the market hit bottom. What does it say that they’re selling now?

MSM: Mortgage Defaults Shifting to Prime Borrowers: Report

(CNBC) – America’s most credit-worthy borrowers are defaulting on their loans faster than those with poor financial records, according to a report in the Wall Street Journal.

MSM: Commercial Real Estate Lurks as Next Potential Mortgage Crisis

(WSJ) – Federal Reserve and Treasury officials are scrambling to prevent the commercial-real-estate sector from delivering a roundhouse punch to the U.S. economy just as it struggles to get up off the mat.

U.S. Farm Profit Plunging on Lower Crop, Dairy Prices (Update3)

(Bloomberg) – Profits for U.S. farmers will plunge more than expected this year, dropping 38 percent from 2008 as the recession erodes demand for crops, livestock and dairy products, the government said.

MSM: Real US unemployment rate at 16 pct – Fed official

The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.

MSM: Foreclosure Filings in U.S. Reach Record 1.5 Million

(Bloomberg) – U.S. foreclosure filings hit a record in the first half, a sign that job losses and falling property prices deepened the housing recession, according to RealtyTrac Inc.

MSM: JP Morgan 36% profit surge highlights split between Wall St and Main St

(Guardian) – The US bank JP Morgan gave a glimpse of a widening rift in fortunes between Wall Street and Main Street as lucrative business on the financial markets pushed its profits up by 36%, despite worsening defaults on its credit cards and home loans by recession-hit grassroots customers.

MSM: The Economy Is Even Worse Than You Think

(WSJ) – The average length of unemployment is higher than it’s been since government began tracking the data in 1948.

Obama’s Rollback Strategy – Honduras, Iran, Pakistan, Afghanistan(and the Boomerang Effect)

The recent events in Honduras and Iran, which pit democratically elected regimes against pro-US military and civilian actors intent on overthrowing them can best be understood as part of a larger White House strategy designed to rollback the gains achieved by opposition government and movements during the Bush years.

MSM: True unemployment rate already at 20%

(MSN) – Really, how hard is it to find a job? Was June’s horrid numbers, in which 467,000 people lost their jobs compared to 345,000 in May, a one-time fluke? Or does it mean that all those Wall Street economists who believe the economic recovery is starting are dead wrong?

Unemployment Worse with Stimulus than Without

Unemployment hit 9.5 percent in June, according to the Department of Labor, putting the figure 2.5 percent higher than the White House had predicted it would be if a government stimulus spending program went into place. Moreover, the new figure is nearly one percent higher than where the White House said it would be without any stimulus spending at all.

America’s Effective Unemployment Rate at 18.7%?

Each month, I receive from Leo Hindery an update on “America’s effective unemployment rate” which includes not only the official unemployment figures but other data points showing off-the-books unemployed or underemployed people.

MSM: World Bank warns of social unrest

(BBC) – The head of the World Bank has warned that the global economic crisis could lead to serious social upheaval.

Here Comes The Option ARM Mortgage Explosion

If the equity in your house is gone and your monthly mortgage payment suddenly jumps from $2000 per month to over $3000 per month, what do you think is going to happen? How about if one or both of the people in the household has been laid off?

Obama’s Animal Farm: Bigger, Bloodier Wars Equal Peace and Justice

It is just as George Orwell described in Animal Farm: The Democratic Pigs are now pursuing the same brutal, military policies of their predecessors, the Republican Porkers, only now it is in the name of the people and peace. Orwell might paraphrase the policy of President Barack Obama, as ‘Bigger and bloodier wars equal peace and justice’.

Closures of US auto dealerships will cost tens of thousands of jobs

US auto manufacturers Chrysler and General Motors, encouraged by the Obama administration and top Wall Street circles, announced plans Thursday and Friday to close a combined 1,900 dealerships. These closures will result in the loss of some 100,000 jobs and produce economic devastation in many communities across the country.

Governments Will Need to Issue $15-33 Trillion in Bonds

Niels C. Jensen, a partner with Absolute Return Partners LLP, has written an interesting essay on the need of governments around the world to issue bonds to pay for their respective bailouts.

As summarized by Nouriel Roubini, Jensen shows:

U.S. Foreclosure Filings Hit Record for Second Straight Month

Foreclosure filings in the U.S. rose to a record for the second consecutive month in April as banks increased efforts to seize homes from delinquent borrowers.