Detroit in Debt
•The Detroit City Council approved a consent agreement with Michigan, giving up temporary sovereignty over its own financial affairs. A 9-member financial advisory board will run the city's operations and budget.
Contents Pages by Subject
Economy - Economics USA
Something 'Crazy' Is Happening In The Southern California Housing Market
• http://www.businessinsider.com, Joe WeisenthalIn the areas around San Diego, the all-in cost of renting a house is more expensive than buying a house.
America's Fiscal Cliff
Stephen LendmanEconomic decline
How Green Is the Green Economy?
• http://www.inthesetimes.org, BY Rebecca BurnsFour environmental organizers and researchers examine the ‘green jobs’ buzz.
Looking on the bright side of inflation
• ReutersSometimes a little bit of inflation is not such a bad thing. In the United States, prices starting to creep upward shows the deep wounds from the credit crisis are slowly healing and the U.S. economy is well on the road to recovery.
Buy a House!
• http://dailyreckoning.com, By Addison Wiggin“If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a home.”
Gas Prices On Catalina Island Pass $7 Mark
• http://losangeles.cbslocal.comCatalina Island is known for many things… its picturesque scenery, seafood and hiking, to name a few. But what about high gas prices?
Has China ALREADY Surpassed the U.S. as the World’s Largest Economy?
• http://www.globalresearch.ca, by Washington'sWhile the IMF forecasts that China will surpass America as the world’s top economy in 2016, it may have already become dog top.
For Detroit, a Path to Recovery Under State Oversight
• New York TimesThe deal, which creates an advisory board to oversee financial decisions, spared the city from fates that many viewed as far worse: a complete takeover by a state-appointed manager, bankruptcy or default. But Detroit’s problems are far from over, and
Americans brace for next foreclosure wave
• http://www.reuters.com, By Nick CareyHalf a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end.
Ratings agency downgrades Surprise bonds
• www.azcentral.comFor the second time in a week, a national credit-ratings agency has downgraded Surprise's bond rating in light of an audit that found major financial missteps.
Money, Credit and the Hike in the Price of Crude Oil
• http://www.globalresearch.ca, by Bob ChapmanHow do you create your own monsters? Over the past month the US and Europe have been telling us they will agree to release oil reserves into the market to drive down prices.
Doctors unveil campaign to cut 45 unnecessary medical tests
• David Edwards via RawStory.comA group of nine medical specialty boards representing 375,000 doctors on Wednesday announced a list of 45 tests and procedures that they say doctors should perform less often or not at all.
Chevrolet Volt Sales Surge
• Kevin Bullis via TechnologyReview.comCould this mean better days for electric vehicles?
The Stock Market Is Now 34 To 50 Percent Overvalued
• http://www.businessinsider.com, Doug ShortHere is a summary of the four market valuation indicators I updated at the beginning of the month.
Only One Thing Stands Between You And A Tidal Wave Of Foreclosed Homes
• http://www.businessinsider.com, Gus LubinAs many as 1.25 million foreclosed homes will hit the market this year as the foreclosure probes end.
Video Of The NYC Journalist Who Spends Her Nights Stripping
• http://www.businessinsider.com, Vivian GiangA couple of months ago, we profiled a Manhattan journalist who becomes an exotic dancer at night to pay her bills.
DOLLAR EXPLODES HIGHER, MARKET FALLS AFTER FOMC MINUTES
• http://www.businessinsider.com, Joe WeisenthalThe Fed just came out with minutes for the March meeting, and at first glance they are hawkish, meaning odds of further quantitative easing seem diminished.
45 Signs That America Will Soon Be A Nation With A Very Tiny Elite And The Rest Of Us Will Be Poor
• http://endoftheamericandream.comThe middle class is being systematically wiped out of existence in the United States today.
Fed Appears Less Keen On Further Easing: Minutes
• http://www.cnbc.com, By: ReutersFederal Reserve policymakers appear less keen to launch a fresh round of monetary stimulus as the U.S. economy improves, according to minutes for the central bank's March meeting.
GOLD - Reaction to Bernanke backing off QE47???
• www.kitco.comBlah Blah Blah.... Out in the open or like so many times before... the 'printing' will continue around the world. (U.S. Dollar R.I.P.)
Bug hunters fan across LA to stop citrus disease
• By REED SAXON and TRACIE CONE Associated PressThe ubiquitous backyard citrus tree, symbolic of California's agricultural abundance, is front and center in the battle now under way to save the state's nearly $2 billion citrus industry.
Republican Paul Ryan's Budget: Cruel and Unusual Punishment
Stephen LendmanClass war
Diddling the Munis With Wall Street
• arcleinFor more than a decade, banks and insurance companies convinced local governments, hospitals, universities and other non-profits that interest rate swaps would lower interest rates on bonds sold for public projects such as roads, bridges and schools.
And they say there’s no inflation…
• http://www.sovereignman.com, by Simon BlackOne the more interesting investments I’ve made over the last few years was buying a sizeable chunk of a successful baby products company
Letter Re: Prospects for the Eastern U.S. in a Societal Collapse
• http://survivalblog.comMr. Rawles, Can you provide more detailed information on what you believe will happen East of the Mississippi River in and around major population centers in the event of a collapse.
The 15 Trillion Dollar Party
• http://theeconomiccollapseblog.comIf you knew that you could live in luxury for the rest of your life but that by doing so it would absolutely destroy the future for your children, your grandchildren and your great-grandchildren would you do it?
Senior citizens continue to bear burden of student loans
• Washington PostThe burden of paying for college is wreaking havoc on the finances of an unexpected demographic: senior citizens. New research from the Federal Reserve Bank of New York shows that Americans 60 and older still owe about $36 billion in student loans
Citi's Guide To The ENTIRE Global Financial Markets In One Tiny Chart
• http://www.businessinsider.com, Sam RoCitigroup employs around 266,000 people, many of whom are analysts. The financial behemoth also serves around 200,000,000 customer accounts worldwide.
This Week Is Going To Be Gigantic
• http://www.businessinsider.com, Joe WeisenthalEarlier we mentioned how Goldman is calling the next 24 hours a critical one for the global economy.
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat
Telegram
Telegram
