Senator Bunning Rips Bernanke A New A$$ on CSPAN3
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Economy - Economics USA
Cash-short Ariz. maxes out new line of credit
• AZ RepublicOn Nov. 19, the state finalized a loan agreement with Bank of America for $700 million, the first time since the Depression that Arizona has needed to turn to an outside borrower. [Two weeks later...]
Why Bank of America is so eager to pay back your bailout
• APBank of America has had a tough time finding a new CEO willing to accept the pay restrictions that came with the bailout. But recruitment will be easier once the bank pays back its $45 billion owed in a few days freeing itself from government oversig
Buy Gold, Be Smart, Diversify
David GallandAfter a relaxing Thanksgiving break, I anticipated to return to work in a lighter frame of mind. However, the following item from FOX News crushed that hope right away...
A Debt-Induced Revolt of Free Enterprise?
• dailyreckoning.com12/01/09 London, England – US personal income rose in October. But it was boosted by government benefits, says David Rosenberg. Take away the free money from the feds and income actually went down.
Today... Another Day to Watch
Ernest HancockGold now over $1200. Does $1500 look so far away now? Look for more talk of "Bank Holidays" and new currency and civil unrest and hunger and... solutions that people come up with for themselves... and governments will not be consulted.
First hotel opens at CityCenter project in Vegas
• APMurren said during a short ribbon-cutting ceremony at the Vdara Hotel & Spa that after five years developing the CityCenter complex, it's time to celebrate what more than 10,000 construction workers built and what 12,000 employees will run.
Parallel Universes: A Winter's Tale
Charles Goyette"Shut up," Jack screamed at the crows, waving his arms wildly. "Shut up, shut up!" Only he really didn’t utter a sound. And he didn’t dare flail about either. But gawd, he hated crows. And he hated hearing their grating "caww, caw" sound twice a w
Treasury Will Increase Pressure on Lenders To Modify Mortgages
• SlateIncreasingly frustrated by the failure of mortgage servicers to permanently modify distressed mortgages, the Obama administration said it would be increasing pressure on the lenders to make sure they're appropriately implementing the $75 billion gove
Coconut-Crusted Salmon will be Served in the First Class Cabin
Brock LorberThe trip from bare subsistence to Boeing began with a simple, but evolutionary discovery.
The Life of an Economic Turkey
Bill Bonner“Things were pretty rough there for a while…what with the recession and all. But now there’s a recovery. Business is picking up.”
Banks are being told to obtain secure storage for new currency !!!
• godlikeproductions.comMajor and semi-major banks are being told to obtain secure storage for new currency-dollars. They expect official devaluation by the end of the year. Heres the thread; a more informative read than the article link http://www.godlikeproductions.com
Small Business Confidence Lowest in Months: Rusmussen Reports Video
• Mondo FrazierRasmussen reports that confidence in the US economy by small business owners is at the lowest level in months.
Political clash expected soon over rising U.S. $12 trillion dollar debt
• McClatchy Newsn the past, members of Congress never have been particularly eager to remind the public that they regularly vote to raise the ceiling on the national debt, which now exceeds $12 trillion. That's $12,000,000,000,000. The debt has more than doubl
Dubai debt crisis: Now British banks face fresh crisis after investing billions
• Daily MailBritish banks were teetering on the brink of a fresh meltdown today after it emerged they had invested heavily in crisis-hit Dubai. An $80billion debt default in the emirate has already reawakened the spectre of a global 'double dip' - that the fi
Bankruptcies Jump, Hitting Highest Level in Four Years
• ReutersU.S. bankruptcy filings rose 33 percent in the third quarter to the highest number since 2005, government data show, as rising unemployment and tight credit made it more difficult for consumers and businesses to stay current on their debts.
Applying Economics to American History
• youtubeLecture, economy & effects of government interference. "Presented by Thomas E. Woods, Jr. at the "Economics for High School Students" seminar. (Keynote Speaker FreedomSummit)
Black Friday sales barely up, online surges
• ReutersIn a worrisome sign for retailers, data released on Saturday showed that sales rose a scant 0.5 percent on the traditional kickoff to the holiday shopping season despite early signs of a strong showing. A focus on bargains pulled shoppers into sto
Hotel owners, like home owners, behind on payments
• APLike many home owners, hotels are starting to drown in debt. They have been enticing travelers all year with sweet deals: credits for in-house spas and restaurants, up to 50 percent off five-star rooms, even free nights. But all that discountin
Today on LewRockwell.com - November 27th 2009
• LewRockwell.comThe Day the Dollar Died (important read) - Decentralization and Operational Secession - The Price of Gold Will Double - The Goldman Sachs Disease Is Spreading - The Official CIA Manual of Deception
TARP, recovery and now … this!
•Presidents George W. Bush and Barack Obama signed a combined nearly $1.5 trillion in federal spending in the attempt to correct the nation's economic tailspin, but with unemployment soaring over 10 percent, Congress is gearing up to pass yet another
Big U.S banks may be forced to raise more capital soon
• ReutersMost big U.S. banks may be forced to make public offerings soon if the Treasury demands payback of the funds it issued under the Troubled Assets Relief Program, veteran banking analyst Richard Bove said. The U.S. Federal Reserve this month asked b
It's Black Friday: Stocks tumble on fears about Dubai debt fallout
• APStocks tumbled Friday as fear swept world markets that financial trouble in the Middle Eastern city-state of Dubai will upend a global economic recovery. Major stock indexes fell about 2 percent from 13-month highs, including the Dow Jones industr
Businesses in U.S. Brace for New Rules on Emissions
• NY TimesThe nation’s corporations have long been bracing for the day they would be required to carry out sharp cuts in the emissions that cause global warming. That day moved a bit closer when President Obama outlined a national target for such reductions.
Fannie Mae to tighten lending standards
• Washington PostFannie Mae, the giant mortgage finance company that helps shape lending guidelines, plans next month to raise minimum credit score requirements and limit the amount of overall debt that borrowers can carry relative to their incomes.
Fear pushes US rates into negative
• Financial TimesNegative interest rates are back. Yields on short-term US government debt have fallen into negative territory as banks and investors park their cash in havens before the end of the year. Strong demand for US Treasury bills, US government debt with
U.S. consumer spending rises, jobless claims tumble
• ReutersU.S. consumer spending and housing sales rose more than expected in October while new claims for jobless benefits fell sharply last week, suggesting the economic recovery was gaining traction. An unexpected decline in orders for long-lasting U.S.
Tough times in Michigan, but Arizona may have it worse
• Arizona RepublicYou know Arizona's economy is in bad shape when it ranks worse than Michigan's. Even after years of mind-numbing hits to its construction industry, it's a jolt to realize Arizona has lost a larger percentage of jobs in this recession than Michigan
New Report Shows Ten States Face Fiscal Crisis
Stephen LendmanState crises getting worse, not better
Study: CEOs cashed in before Wall Street meltdown
• RawstoryThe CEOs of Bear Stearns and Lehman Brothers, the two investment banks that collapsed during last year's financial meltdown, walked away with hundreds of millions of dollars in compensation even as the company's shareholders lost everything, says a n
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