September 2011
200 posts
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US incomes fall for first time in nearly 2 years →
Martin Crutsinger, AP Economics Writer Friday September 30, 2011
WASHINGTON (AP) — Americans earned less last month, the first decline in nearly two years. With less income, consumers could cut back on spending and weaken an already-fragile economy.
Consumers spent a little more in August despite seeing their incomes drop 0.1 percent, the...
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Land of the Poor, Home of the Sick →
— Posted Thursday, 29 September 2011
by Michael Finger
Thanks to a series of destructive government policies and incentives, a health care crisis has been steadily building in America for a generation or two. But the release yesterday of the Kaiser Family Foundation’s annual survey reveals that the problem of unaffordable healthcare is becoming epidemic. According to the report,...
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Fed "Twist" Threatens Long-Term Stock Returns &... →
The Fed shoots another bullet in the back of retirees and savers. Just to make sure they can’t survive and the government can.
— Posted Wednesday, 28 September 2011
By Daniel R. Amerman, CFA
Overview
The Federal Reserve’s “Operation Twist” represents a $400 billion assault on retirement investment portfolios, pension funds, corporate stock valuations and the...
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Click Here to view the livestream from the Occupy... →
Friday, September 30 - Day 14
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Click Here to view the livestream from the Occupy... →
Thursday, September 29 - Day 13
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The Hidden Costs of the Death Penalty →
The death penalty, besides that constantly raised “morality” thing, is a money thing that picks the pockets of all Americans, regardless of their support for or opposition to execution.
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When There's Nothing Left to Lose →
This is an important, well-written editorial by an American economist with experience both in Washington and on Wall Street. He proposes that the policies of Wall Street brought about the offshoring of a huge number of American jobs and the policies of the US government continue to maximize the unemployment rate of American citizens. There are so many excellent ideas in this piece it begs to be...
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12 reasons you might NOT want to buy a Kindle Fire →
By David Gewirtz | September 28, 2011
. . . as we all know by now, Amazon is introducing the new Kindle Fire later today and before you rush out and spend your hard-earned cash, I’d like to caution you. There are some good reasons you might NOT want to buy a new Kindle Fire.
A dozen of them, in fact.
Read more »
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Introducing the All-New Kindle Family: Four New... →
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Euro-zone is Following the Inflationary Money... →
from The Market Oracle Sep 27, 2011 By Nadeem Walayat
Euro-Zone Prepares to Print Trillions in Advance of Greece Debt Default
My long standing view has been that once money printing starts it cannot stop whilst large...
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Click Here to view the livestream from the Occupy... →
bankerpigs:
Wednesday, September 28, 2011 Day 12
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Americans get too much healthcare, their docs say →
In a new poll of primary care physicians, nearly half of them said their patients received too much medical care and more than a quarter said they were practicing more aggressively than they’d like to.
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“Banking institutions are more dangerous to our liberties than standing armies.”
– Thomas Jefferson
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Click Here to view the livestream from the Occupy... →
Tuesday, September 27, 2011 Day 11
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Twist Paves the Way for QE III →
from europac.net
By: Peter Schiff
Friday, September 23, 2011
From my perspective, the Twist really amounts to another Fed “Hail Mary” pass that will fall short of the end zone. But, by putting the squeeze on banks and further restricting credit availability to small business the move will likely do more harm than good.
The policy rests on the false premise moving already historically low...
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Fed in denial or deception? →
from GoldSeek
By: Peter Schiff, Euro Pacific Capital
— Posted Tuesday, 27 September 2011
[The] latest gold sell off was sparked by Fed Chairman Bernanke’s admission last week that Washington’s Keynesian stimulus has failed. He admitted that despite trillion-dollar deficits and a gross devaluation of the dollar, the economic picture remains bleak. As such, he outlined...
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The Fed's latest cockamamie scheme →
from GoldSeek
— Posted Friday, 23 September 2011
By Andy Sutton
[The Fed’s] latest cockamamie scheme is to shift its $1.7 Trillion in short term US Bond holdings (monetized debt) to longer-term holdings in an effort to drive down the long end of the yield curve even further. Apparently, the current monetization efforts haven’t been good enough. They have been driving the long...
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Tomatoes of Wrath →
from Truthdig
Posted on Sep 26, 2011
By Chris Hedges
Harvesting tomatoes is an endeavor that comes with erratic and unpredictable hours, weeks with overtime and weeks with little to do and no guarantees about wages. Once it starts to rain, workers are packed back onto the buses and sent home, their workday abruptly at an end. Ortiz and the other laborers congregate at the pickup points...
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Dissent against the Greek bailout plan spreading →
WHAT HAPPENS WHEN A NATION GOES BANKRUPT
by SIMON BLACK
September 14, 2011
Unfortunately for the bureaucrats, dissent against the Greek bailout plan is spreading across Europe… and leaders can no longer ignore the growing wave of opposition in Finland, the Netherlands, Austria, and Germany.
It’s no wonder, when you think about it. Why should a German hairdresser who retires at age 65...
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6 Ways the Rich Are Waging a Class War Against the...
abaldwin360:
Denying the very existence of an entire class of citizens? That’s waging some very real warfare against them.
By Joshua Holland - AlterNet
There hasn’t been any organized, explicitly class-based violence in this country for generations, so what, exactly, does “class warfare” really mean? Is it just an empty political catch-phrase?
The American Right has decided that...
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Click Here to view the livestream from the Occupy... →
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Watchbankerpigs:
from truthout
Wall Street Occupation Live Stream
Tuesday 20 September 2011by: Matt Renner, Truthout | Live Stream
The occupation in southern Manhattan continues. For up-to-the-second coverage of the occupation, visit the hashtag #OccupyWallStreet on Twitter.
Saturday 24 September: Occupy Wall Street now in its 8th day. Mainstream media blackout continues. How does denial help...
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Operation Twisted Logic →
Mises Daily: Monday, September 26, 2011 by Detlev Schlichter
Last week the US Federal Reserve delivered no real surprises. Its new policy was expected by the market and those members of the public who still follow the central bank’s every move with interest and, I can only assume, in the misguided belief that it has the answer to our problems. As part of “Operation Twist” the...
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Watch
from truthout
Wall Street Occupation Live Stream
Tuesday 20 September 2011by: Matt Renner, Truthout | Live Stream
The occupation in southern Manhattan continues. For up-to-the-second coverage of the occupation, visit the hashtag #OccupyWallStreet on Twitter.
Saturday 24 September: Occupy Wall Street now in its 8th day. Mainstream media blackout continues. How does denial help the...
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Why 2,000 People Needed to Occupy Wall Street:... →
from AlterNet
By Amy Goodman
September 21, 2011
Banks are sitting on cash hoards and corporate profits are riding high — yet ordinary US taxpayers face joblessness and cuts.
If 2,000 Tea Party activists descended on Wall Street, you would probably have an equal number of reporters there covering them. Yet 2,000 people did occupy Wall Street last Saturday. They weren’t carrying...
