(RawStory) – Responding to the Supreme Court’s ruling Thursday to overturn corporate spending limits in federal elections, progressive firebrand Rep. Alan Grayson (D-FL) immediately highlighted a series of moves to “avoid the terrible consequences of the decision.” Continue reading
At my annual check-up, my doctor handed me a sheet explaining the reasons for office fee increases for Medicare Patients. It is worth reporting at length. Continue reading
The vast majority of the talking heads on television are still speaking of the current economic collapse as if it is a temporary “recession” that will soon be over. So far, the vast majority of the American people seem to believe this as well, although for many Americans there is a very deep gnawing in the pit of their stomachs that is telling them that there is something very, very wrong this time around. The truth is that the foundations of the U.S. economy have been destroyed by an orgy of government, corporate and individual debt that has gone on for decades. It was the greatest party in the history of the world, but now the party is over. The following are 11 signs from just this past month that show that the U.S. economy is headed into the toilet and will not be recovering…. Continue reading
There’s so much going on in the USA that warrants attention these days that it’s hard to know where to start. But, since I’m an economist I’m going to start here.
“There are families not eating at the end of the month,” said Stephen Quinn, executive vice president and chief marketing officer at Wal-Mart Stores, and “literally lining up at midnight” at Wal-Mart stores waiting to buy food when paychecks or government checks land in their accounts. Continue reading
One hard lesson we should have learned after Wall Street’s collapse and the government’s handling of the bailout is that there is no reason, whatsoever, for us to sacrifice our good faith and trust in former bankers who now run the Treasury and Federal Reserve. And now as the flu season gets ready to kick off amidst much fanfare and predictions of doom due to a new H1N1 influenza virus, there is emerging sufficient information to raise very serious doubts whether our nation’s health authorities are truly serving the public health instead of commercial interests. Continue reading
During the Bolshevik Revolution that led to communist Russia, Comrade Vladimir Lenin said, “Sell the capitalists enough rope and they will hang themselves!”
Nearly 100 years later, Lenin’s predictions reveal his veracity with chilling fruition. The United States bleeds $11 trillion in debt. It suffers a $700 billion annual trade deficit, mostly with China, which by the way thrives as a communist nation selling us lots of ‘rope’, i.e., consumer goods. We import another $700 billion in oil annually from other countries. We borrow $2 billion daily to float our sinking economy. The average American’s credit card debt equals $9,425.00 according to NBC’s Brian Williams. We suffer 15 million unemployed American workers and 35 million subsisting on food stamps. Continue reading
“MedImmune, the manufacturer of FluMist, recently announced that it signed an agreement that makes FluMist, the new intranasal influenza vaccine, readily available to people as they shop at Wal-Mart, the worlds biggest retailer.” As the physician in charge of a bustling Integrative medical clinic, questions about vaccines frequently arise. Continue reading
The nationwide revelry surrounding our apparent economic recovery was disrupted this week by the release of lower-than-expected retail sales data. However, rather than sending a chill up the spines of those hoping for a quick end to the downturn, the numbers should be welcomed. Though this may come as a surprise to most observers, lower retail sales are precisely what our economy needs. Continue reading
The World Bank – IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money. Continue reading
As Americans celebrate July 4th, they can contemplate that the union of “free and independent states,” like the former British colonial power, has evolved into its final manifestation – a complete whore house. While Members of Parliament in London charge their expense accounts with every personal expenditure, including the rental of adult xxx-rated films, an American newspaper put the reporting of public policy out to bids until politico.com blew the whistle. Continue reading
As global leaders struggle to rescue their nations from economic breakdown, the legitimacy of the dollar as the world’s reserve currency is under attack. Perhaps the problem lies with the Fed. Continue reading
(Guardian) – Brazilian authorities investigating illegal deforestation have accused the suppliers of several UK supermarkets of selling meat linked to massive destruction of the Amazon rainforest. Continue reading
Nokia, the world’s biggest maker of mobile phones, plans to incorporate radio frequency identification chips in its handsets to track them from assembly through recycling. Continue reading
America is devolving into a third-world nation. And if we do not immediately halt our elite’s rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate. Continue reading
The American economy has gone away. It is not coming back until free trade myths are buried six feet under.
America’s 20th century economic success was based on two things. Free trade was not one of them. America’s economic success was based on protectionism, which was ensured by the union victory in the Civil War, and on British indebtedness, which destroyed the British pound as world reserve currency. Following World War II, the US dollar took the role as reserve currency, a privilege that allows the US to pay its international bills in its own currency. Continue reading
The conventional wisdom on China is dead wrong. Specifically, there is a widespread belief, as expressed by Goldman Sachs, that “China will keep the yuan trading within a narrow range in 2009 due concerns about exporters.” Worse still, others are even predicting that China will devalue its currency! The sheer wishful thinking is astounding! The idea that “China will keep the dollar peg to help its exporters” ranks all the way up there with “Housing prices always go up” and “You can spend your way to prosperity”. Continue reading
It’s over for Mervyns.
The Hayward retailer said Friday that it would close its remaining 149 locations. The stores will remain open through the holiday season with liquidation sales. Mervyns previously planned to close 26 underperforming locations. Continue reading