Monday, Dec 29th
Last update09:19:04 AM GMT
At the same time, since February 2010, the private sector has added 4.35 million jobs. The thing is that most of these government job cuts occurred in the Red states, and they are same states that aren’t producing private sector jobs either. Blue states are even adding government jobs as their economies start to recover.
Yesterday, the saints at central banks in China, Europe and the UK said they would perform what could only be a miracle. The world economy wheezes, rattles and shakes because it has been poisoned by too much debt. The central bankers offer a cure — more debt!
The US had no central bank before 1913. It had higher rates of GDP growth back then. It had a stronger currency too — the dollar of 1913 was worth about the same as a dollar of one hundred years earlier. Now, it’s worth about 3 cents…and disappearing fast. On the surface of the argument, it would appear that America’s central bank has actually made things worse. Maybe that is a coincidence; post hoc ergo propter hoc…and all that. But maybe there is a cause and effect relationship. Maybe a central bank CAUSES the economy to produce less wealth…and CAUSES the currency to lose value.
watch means the extreme weather has the "potential to threaten the normal availability of drinking water supply sources," according to the release.
The other team members are Pakistani lawyer Asma Jahangir and Botswana judge Unity Dow. Jahangir has been the subject of human rights cases in the past, having been put under house arrest in 1983 and warned of a plot to assassinate her last month.
Forget Bernie Madoff and Enron’s Ken Lay—they were mere amateurs in financial crime. The current Libor interest rate scandal, involving hundreds of trillions in international derivatives trade, shows how the really big boys play. And these guys will most likely not do the time because their kind rewrites the law before committing the crime.
Modern international bankers form a class of thieves the likes of which the world has never before seen. Or, indeed, imagined. The scandal over Libor—short for London interbank offered rate—has resulted in a huge fine for Barclays Bank and threatens to ensnare some of the world’s top financers.
Initial Jobless Claims are down again this week putting in doubt the prognostication that we’re going into the double dip recession. That would be the recession that the Republicans have been working so hard to engineer before the election.
Jobless Claims are in fact down 15% from this time last year. This is of no comfort for those who have become permanently unemployed under the universal corporate policy of never hiring people who are unemployed. A permanent oblivion that workers can be cast into focuses the minds of the Neo-feudal serfs.
William Lynch, the 44-year-old California man who admitted he pummeled a Jesuit priest who he said abused him as a boy, has been found not guilty of felony assault and elder abuse charges.
The defense's strategy had been to argue to the jury that the wrong man was on trial -- that Lynch, not the priest, was the real victim. However, prosecutor Vicki Gemetti urged jurors to focus on the assault.
Everyone is talking about the recent Higgs boson announcement by the scientists at CERN, but another significant scientific discovery was revealed this week as well. In a study published online in the journal
Nature on Wednesday, scientists show that they have successfully found the first dark matter filament. Dark matter does not emit or absorb light or electromagnetic radiation at a detectable level. This essentially makes it invisible.
Damage from the huge March 11, 2011, earthquake, and not just the ensuing tsunami, could not be ruled out as a cause of the accident, the panel added, a finding with serious potential implications as Japan seeks to bring idled reactors on line.
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