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Economy - Economics USA
House passes stopgap funding bill to keep government open until after election
• Washington PostThe U.S. House of Representatives has approved a six-month stopgap government funding bill on a 329 to 91 vote, putting aside the partisan warfare of the past 18 months in bipartisan resolve to avoid a budget showdown ahead of the November election.
Vermont Store Bans Pennies
• ABC NewsOwner Caleb Magoon, 29, stopped dispensing pennies when giving change. While the store will still accept the “outdated, outmoded, overpriced nuisance of coinage” from customers, “We’re not actively using them,” said Magoon.
Fed announces new mortgage bond-buying plan, keeps interest rates low
• Washington PostThe Federal Reserve opened a major new offensive in the battle to reduce unemployment, launching its most extensive effort to stimulate the economy in the past two years. The Fed announced a round of bond purchases targeting the mortgage market, a po
US median income lowest since 1995
• http://www.ft.com, By James PolitiThe median income of American households dropped to its lowest level since 1995 last year, extending its decline during President Barack Obama’s tenure and highlighting the depth of the damage to the middle class inflicted by the recession and weak r
Fed Launches QE3
• http://www.dailypaul.com, by P.Au.LThe Federal Reserve, worried that improvement in the unemployment rate has stalled, announced a third, large purchase of bonds on Thursday in an effort to bring down long-term interest rates and spur growth.
Host:
Ernest Hancock
09-13-12 Bob Prechter - Terry Bressi - Sanjiv Bhattacharya - TODAY'S SHOW IS A RE-RUN
Program Date:(MP3 and Video Loaded) - Bob Precheter (Elliott Wave International) on the future market trends - Terry Bressi (CheckPointUSA.Org) - Sanjiv Bhattacharya (U.S. Correspondent with Esquire Magazine U.K.) on the r3VOLution
Great Panic Coming To United States
• http://govtslaves.info, George KrumThe depression and panic will come before the current administration goes out of office.
More Americans opting out of banking system
• Washington PostIn the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances. Not only are these Americans more vulnerable to high f
$9 a gallon for gas in NJ and NY
• FOX NewsIf you had sticker shock at $4 a gallon for gas, get ready for $9 gas. Several LukOil franchise owners raised their prices to more than $8 a gallon to protest what they say is the company's unjustified pricing policies.
iTaxes vs. Uncle Sam’s friends and family plan
• http://www.sovereignman.com, Simon BlackYesterday, news broke that the US government has awarded a whopping $104 million to convicted felon and former inmate Bradley Birkenfeld.
China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar
• http://theeconomiccollapseblog.com,The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics. This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in
Jackals of Jekyll Island - Federal Reserve Audit
Sartre BatrThe supreme illicit fraud of central banking embodied in the Federal Reserve, acts as a private piggybank for favored cartel thieves. The liquidity of unlimited credit transfers to banksters, especially at zero interest, financed by unimaginable new
Here It Comes (Moody's)
• http://market-ticker.org*MOODY'S SEES CUTTING U.S. WITHOUT DEAL TO LOWER DEBT/GDP RATIO
The Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs
• http://theeconomiccollapseblog.comEvery single year, millions of young adults head off to colleges and universities all over America full of hopes and dreams.
The Newest Bank Fraud Scheme ("Risk Hiding")
• http://market-ticker.org, by Karl DenningerStarting next year, new rules designed to prevent another meltdown will force traders to post U.S. Treasury bonds or other top-rated holdings to guarantee more of their bets.
The Federal Reserve's Cargo Cult Magic: Housing Will Lift the Economy (Again)
• http://www.zerohedge.com, Tyler DurdenThe Federal Reserve is ultimately a Cargo Cult, founded on fantasy and a boundless faith that management perception will bring back the cargo ships of debt-based "growth."
Germany Says 'Great Uncertainty' About US Debt
• CNBCGerman Finance Minister Wolfgang Schaeuble questioned how the United States could deal with its high levels of government debt after November's presidential election. [Pssst don't fret Fritz, they will print money to pay you off.]
Moody’s expects to cut US rating without deal to lower debt/GDP ratio
• .Budget negotiations likely to determine AAA rating and outlook. If budget talks do not produce downward trend in debt-to-GDP ratio, rating likely to be lowered to AA1. Assumes “relatively orderly” process for increasing debt limit.
As Low Rates Depress Savers, Governments Reap Benefits
• New York TimesBill Taren, a retiree near Orlando, Fla., discovered in August that his credit union would pay only 0.4 percent annual interest on his saving account, even though inflation averaged 2.8 percent over the last year. So he and his wife decided to just
Movies suffer worst box-office slump in a decade
• By Lisa Richwine and Jill SerjeantThe North American box office hit a slump at the weekend, with top earner "The Possession" taking in less than $10 million and what could be the gloomiest overall haul since the aftermath of the September 11, 2001, attacks on New York and Washington.
Today on LewRockwell.com - Monday September 10th 2012
• LewRockwell.comSecret Police Murder and Cover-Up, Jesse Trentadue on OKC, false flags, and the death of his brother / State 'Justice'? / Hit Me, Hit Me, Says the DNC / Are You a Christian Nonvoter?,... Let's hope so
California High Speed Rail Funds
• arclein“No economy can grow faster than its transportation network allows,” AP quoted a statement by U.S. Transportation Secretary Ray LaHood applauding the result of the state legislature’s vote. “With highways between California cities congested and airsp
Private Debt Kills the Economy
• http://www.globalresearch.ca, By Washingon's BToo Much Government Debt Hurts the Economy … But Too Much Private Debt Kills It
The New Smartphone Incrementalism
• David Talbot via TechnologyReview.comTiny advances are loudly proclaimed as the industry battles over fractions of an ever-vaster global mobile market.
Facebook Users, I Have a Favor to Ask...Chase is giving away $5 million to charity.
• globaleconomicanalysis.blogspot.comAnyone with a Facebook account can vote for their favorite charity. This supersedes information I gave earlier regarding a need to have a Chase account to vote.
CNBC: Investors In Bernie Madoff Have Done Better Than Investors In Big Banks
• http://www.businessinsider.com, Julia La RocheCNBC's David Faber reports that if you had invested $100 four years ago in Citigroup, Bank of America, Morgan Stanley, Goldman Sachs, AIG and convicted ponzi schemer Bernie Madoff, this is what you would have as of yesterday’s close:
Catherine Austin Fitts: "They're Going to Depopulate or Bankrupt the Rest of Us"
• http://www.dailypaul.com, BarracudTraderCatherine Austin Fitts calls what happened to the U.S since the market meltdown of 2008 a “fiscal coup d’état.”
Babyboomers and Strategic Defaults: A Demographic Study
• www.thedailybell.com,by Mike "Mish" ShedWhy did people walk away? Did they struggle with morality? Would they recommend walking away to others?
US Manufacturing Growth Slows In August, Remains Near 34 Month Low
• http://www.businessinsider.com, Eric PlattManufacturing in the United States continued at a tepid growth rate in August, new data out of Markit Economics shows.
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