The NBER has finally announced the most worthless and overdue piece of data, namely that somehow, miraculously, the US recession that started in December of 2007 ended in June of 2009.
Lisa Murkowsi's claim that she only wants to serve Alaskans is one of the themes of her write-in campaign to remain in DC. Reminds of us another who only wanted to serve.
It will give Holdren the excuse to introduce all the draconian measures he has long believed necessary if “global climate disruption” is to be averted: viz, state-enforced population control...
“I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said today in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost...
So according to [an AP press release], only 390 jobs were created from the $548 million taxpayer investment, or about $1.4 million per job. At this rate, the full $2.4 billion allocated for the federal advanced battery program would create a whopping
The only way to defeat these bastards is to counter-attack immediately, and mercilessly: don’t let them get away with it for one moment. The very idea of forbidding the building of a mosque, or any religious edifice, is anti-American to the core...
If these figures are in fact accurate or anything close to accurate then the so-called GDP numbers, along with "consumer spending" as reported by the government are absolute fictions.
"If Iran eventually acquires a nuclear capability that will be very dangerous, and a direct threat to the allies. That is the reason why I am now proposing a new and effective Nato missile defence system."
It just started this year. It's strange, because after 9/11 there was no problem," said Fathy, who was born in Egypt. "In the past in America other people were the target. We are the target now. We have trouble in California, we have trouble in New..
Europac's Michael Pento Is shouted down by CNBC propaganda wench Erin Burnette because he was a little to truthful.
The other problem with these numbers is that in order to file for jobless benefits you must have had a job for a continual (and substantial) period of time - typically four quarters (one year) prior to being laid off. Therefore, "re-layoffs" don't..
Today's announcement by the BLS that it decided to flat out estimate nearly a third of all initial jobless claims (courtesy of several large outliers) due to a "clerical holiday" which resulted in a major beat to estimates, caught many off guard...
The BLS has announced that as a result of the Labor Day weekend, 9 states (among which the biggest one California) did not report initial claims data to the bean counters, so instead the government had to "estimate" what the data would have been...
The bad news is that they accomplished this by essentially throwing trillions of dollars at the problem, and in particular a corrupt and oversized financialization industry, in order to bring the trend back to zero.
Ever get the feeling that the Bureau of Truth is not being completely truthful? Feel like the ADP is to the NFP like the ISM to the regional Fed Surveys, and as the surging Mfg ISM employment diffusion index is to the plunging Service ISM...
The sort of nonsense the Realtor’s group peddles helps explain why sellers have incorrectly believed a recovery was imminent, even as housing went through a historic collapse. It is why home owners incorrectly still expect their homes to go...
Bob Walters, chief economist of the online mortgage firm Quicken, acknowledges that the recent collapse will create a “mind scar” just as the Great Depression did. But he argues that housing remains unique.
Amazing ... people still think house prices will go up 10% per year ... For the next 10 years...
In the real life version of inception, the state tried to implant in all our heads the idea that there was no depression, no economic collapse, no housing crisis, no push back on real estate prices, and really no serious problem at all...
Over the last five years the Pentagon and Congress have had numerous opportunities to hold accountable those responsible for the cover-up of Pat Tillman's death. Each time they've failed. The government didn't just lie to us; it lied to a nation.
As for Obama's swim, on August 16, the London Independent reported that Obama and his daughter, Sasha, swam in a private Panama City Beach, FL beach off Alligator Point in St. Andrew Bay, not part of the Gulf.
The American herd has gone mad. A few people have regained their senses, but the vast majority still exhibits the behavior of sheep being led to slaughter. The ruling oligarchs have utter contempt for the average American, but they fear the masses.
Michael Vaughn represents Prince George's County, home of the Washington Redskins. In the heart of Redskins country, Vaughn boasted on his website that he played for the Dallas Cowboys for three years. Big mistake.
The Faux of July is once again making its annual pilgrimage into the hearts and brain dead minds of all good patriotic Amerikans
U.S. Labor Secretary Hilda Solis spoke to CNBC after the jobs report release today and made an effort to spin the report as a positive for the amount of jobs the U.S. has gained in this recovery.
"The whole purpose of PR is to make stocks go higher. That's what CNBC and many many PR agencies are all about. Yes, they make things look better for a while. Are they really better? No." Propaganda, in other words.
Amnesty's report on Thursday described North Korea's health care system in shambles, with doctors sometimes performing amputations without anesthesia and working by candlelight in hospitals lacking essential medicine, heat and power.
John Reeder over at Marketwi.se warns us that this might be a reason to worry given the mainstream media’s track record of calling booms or busts at exactly the wrong times.
Today, an oil and gas industry veteran with 30 years experience who goes by the alias Fishgrease says that the well integrity test is a PR stunt meant to fool the American people:
I was advised off-air by the producer that they were operating under a corporate mandate to give the economic news a positive spin, irrespective of how bad it was." And now you know that watching stations like CNBC for anything more than just comedic