Economy

(AFP) – World Stocks Drop as Greek Debt Default Nears

Financial markets turned on Greece again on Thursday, driving up its borrowing costs to record levels on rising doubt that the EU will provide a debt rescue, and the euro plunged further. Read More Here

(WSWS) – Unemployment in America: No Economic Recovery for the Working Class

Last Friday’s US unemployment report, which showed a net payroll gain of 162,000 jobs in March, has been seized on by the Obama administration and much of the media as confirmation of official claims that the recession is over and a recovery in the jobs market has begun. Read More Here

(AP) – Nearly half of US households escape fed income tax – Read More Here

(Reuters) – Volcker: Taxes likely to rise eventually to tame deficit – Read More Here

(Telegraph) – Sovereign debt crisis at ‘boiling point’, warns Bank for International Settlements

The Bank for International Settlements does not mince words. Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis at the heart of the global economy. Read More Here

(HuffingtonPost) – Unemployment: More Than 3 Million Americans Jobless For Longer Than A Year, An All-Time High (CHARTS)

That represents 23 percent of the roughly 14.8 million Americans out of work and looking for a job — a post-World War II high. For those 3.4 million Americans, the consequences from such a long time out of work — a cost of the Great Recession — can be calamitous. Read More Here

(AFP) – Destitute and desperate, Icelanders opt for exile Read More Here

(Bloomberg) – China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says (Update1)

China’s property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos. Read More Here

(CommodityOnline) – How much gold reserves really exist in US vaults? Read More Here

(NTDTV) – Video: Japan Airlines to Cut Third of Workforce

Japan Airlines plans to reduce its workforce by a third within the fiscal year to lower labor costs by over $860 million a year. View Video Here

(C4L) – Stimulus or Stealing From Us?

The American Recovery and Reinvestment Act or “Stimulus Package,” is a bill that was passed by the U.S. Congress and later signed into law by President Obama on February 17, 2009. (Gandel 1) It is a bill that by most estimates will cost at least $787 billion dollars. The legislation was supposed to stimulate our struggling economy and promised to create between 3 and 4 million jobs in a one year period. Also included in this sweeping legislation is money to modernize roads, improve our public school systems, and lower health care costs. (Obey 1) Read More Here

(C4L) – Brace Yourself for Obamacare Taxes

Now that President Obama’s health-insurance overhaul has become law, we can brace ourselves for the new taxes. What new taxes? Aren’t they only on the “rich” and on large companies? Read More Here

MSM: Chinese media accuses US of ‘cold war thinking’ over Taiwan arms deal

(Guardian) – State press lambasts £4bn deal when bilateral relationship faces strains over climate change, Tibet, censorship and trade Continue reading

Video: Climategate Scientist Received Over Half A Million From Obama Stimulus Package

(SteveWatson) – A leading scientist involved in the climategate scandal received over half a million dollars in federal economic stimulus funds from the Obama Administration last Summer, it has been revealed. Continue reading

Video: Ron Paul on Fox Business – Spending, Borrowing and Printing..

(Nov 4, 2009) – On Wednesday, Dr. Paul appeared on Fox Business’ America’s Nightly Scoreboard to talk about the political mood in the country after Tuesday’s elections, persistent government spending despite the Party in charge, the Pelosi bill, and Cap and Trade. Continue reading

The bear market rally will soon be over

(BobChapman) – There is only one place to be and that is in gold and silver related assets. Continue reading

Vaccines’ Dark Inferno – What is not on insert labels?

The vast majority of scientists, physicians, nurses and public health educators’ trust that the ingredients in a vaccine have been individually and synergistically proven safe and effective. The public believes these vaccines, aside from their specified virus(es), are sterile solutions, free from undesirable contaminants not listed on the manufacturer’s package inserts. Continue reading

Net neutrality in Europe to be decided at dinner tonight

European telecommunications ministers could decide tonight whether to endorse a net neutrality clause in the long-awaited Telecoms Package. Continue reading

Senate must raise debt ceiling above $12T

The Senate must move legislation to raise the federal debt limit beyond $12.1 trillion by mid-October, a move viewed as necessary despite protests about the record levels of red ink. Continue reading

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. Continue reading

Video: Scientific proof of treason on September 11 sent to Congress

We put a cover letter on a package of facts and scientific analyses regarding the controlled demolition of the WTC complex on September 11, 2001. The letter is here as follows, as well as the links to the scientific papers. Continue reading

U.N. Climate Warning: We Have 4 Months to Secure Future of Planet

(UN) – Secretary-General Ban Ki-moon Incheon (Republic of Korea) 11 August 2009 – Remarks to the Global Environment Forum Continue reading

MSM: U.S. food stamp list tops 34 million for first time

(Reuters) – For the first time, more than 34 million Americans received food stamps in May, the government said on Thursday, another symptom of the longest and one of the deepest recessions since the Great Depression. Continue reading

Hundreds of Thousands of Workers Will Lose Unemployment Benefits Soon

Workers laid off early in the downturn are soon to be left without the basic sustenance of an unemployment check. Continue reading

MSM: Ireland set to go bust, claims economic historian

A dire warning that the Republic is a prime candidate to go bust has come from one of the world’s leading economic historians. Continue reading