New unemployment claims dipped to 284,000 in the past week, and this is the lowest number since the week of February 18 2006. This was about the time that it became apparent that the Bush Depression was going to happen. History tells us that without significant gov't intervention it takes about ten years to recover from a Bank Panic, that's what they used to call these things prior to the New Deal that made bank crashes impossible to happen.
Of course Reagan, Bush, Clinton & Bush undid all of those regulations and safeguards with the predictable result.
So now we're seeing the recovery start to pick up speed, but let's be clear, it's not because Obama has been able to do much to fix things. He just hasn't done any new damage and has more or less kept the Republicans in check. Corporate America is another matter, despite record stock prices, record profits, record CEO salaries and trillions in cash on hand they are refusing to invest at pre-crash levels.




A 25-year-old Canadian man is in custody after two U.S. fighter jets escorted a Panama-bound flight back to Toronto on Friday.
June 2014 has become the second consecutive record-setting month for heat, the National Oceanic and Atmospheric Administration announced Monday. The averge global temperature last month was 61.2°F (16.2°C), which is 0.2°F than 2010, the previously hottest June, and 1.3° degrees higher than the 20th century average. It is the 352nd hotter than average month in a row.
Actor James Garner, whose whimsical style in the 1950s TV Western “Maverick” led to a stellar career in TV and films such as “The Rockford Files” and his Oscar-nominated “Murphy’s Romance,” has died, police said. He was 86.
As Israeli troops pushed into Gaza overnight, intense tank fire shook parts of Khan Yunis, sending a flood of patients into the southern city's Nasser hospital.The shells smashed into buildings near the border with Israel, prompting thousands to flee their homes under the cover of darkness, only missiles lighting up the sky.
Capitol Police arrested the press secretary of a Republican congressman Friday when he entered a House-side office building carrying a handgun.





























