ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 19 11:21

So you want to get out of the USSA — or EU?

For some time I have been warning of the threat of catastrophic warfare

Apr 19 10:40

IMF urges EU to slim down its demands on Greece

The International Monetary Fund has urged EU negotiators to slim down their list of demands in debt talks with Greece amid fears that time is running out to reach a deal.

Apr 19 05:23

Screwing the Young & Old

Apr 19 05:20

US External Debt and its Largest Foreign Holders

The main holders of US Treasury securities are China and Japan. While China used to sit confidently in first place, the positions of the two countries equalised at the beginning of this year. As China began to put a brake on its build up of Treasury securities, Japan did the opposite and began to increase its build up (possibly under pressure from Washington). Belgium, which in 2012 was not even among the top ten holders of Treasury securities, recently, and quite unexpectedly, moved into third place.

Apr 19 02:40

World Economic Forum for East Asia opens in Indonesia

The World Economic Forum for East Asia will open in Indonesia on Sunday assembling more than 700 delegates from 40 countries.
The leaders of the world’s biggest companies will discuss the current regional problems against the background of global changes - decreasing U.S. influence; the increased roles of Russia and China as well as people’s growing mistrust of business and the state.
We are entering an era that will see an end to the US unilateral rule over the world. Countries like Russia and China are assuming more dominating roles, John Riadi, the forum’s co-chairman and director of Lippo Group, one of the biggest conglomerates in Indonesia, said. According to him, geopolitical changes bring new challenges, including economic ones that cannot go unnoticed.
Another global trend, according to the forum’s co-chairman, is the low level of popular trust in the state and business.

Apr 18 16:37

The Next Financial Tsunami Just Began in Texas

Apr 18 14:57

Casino Bans Cash At Poker Tables

Apr 18 13:22

This Is Why Your Wages Aren’t Rising…

Apr 18 10:35

Africa is not “poor,” it’s being looted

And it will continue to be looted until we each take responsibility for what our governments do in our names, through the vast and insatiable military industrial complex that is plundering the planet for profit.

Or, if we can’t regain control over our governments, then at least let’s take back control over ourselves. Boycott these companies. Shun their products like the plague. And let them descend into the pits of hell from where they came.

Apr 18 10:31

ood Feud: More Cities Block Meal-Sharing for Homeless

More American cities are blocking individuals and ministries from feeding homeless people in parks and public squares, and several Americans have been ticketed for offering such charity, according to a forthcoming report by the National Coalition for the Homeless.

To date, 33 cities have adopted or are considering such food–sharing restrictions, according to the coalition, which shared with NBC News a draft of its soon-to-be published study.

Police in at least four municipalities – Raleigh, N.C.; Myrtle Beach, S.C.; Birmingham, Ala.; and Daytona Beach, Fla. – have recently fined, removed or threatened to jail private groups that offered meals to the homeless instead of letting government-run service agencies care for those in need, the advocacy group reports.

Webmaster's Commentary: 

Mike and I participate in a couple of food distribution programs, sponsored by two local churches; one is for state-recognised food-insecure children, and the other is for general food distribution to people who are food insecure.

Trust me, these people are not lazy in any way. Some are elderly with no local family to help them; others fall through the cracks in terms of benefits.

But I thoroughly understand that cities don't like the homeless around, because homelessness makes cities "look bad".

But there is a remarkable answer, and that is what the state of Utah (who knew?!?) is doing to eliminate their homeless problem. And it is an intelligent, and compassionate approach. As reported at nationalswell.com in December of 2013:

Utah has reduced its rate of chronic homelessness by 74 percent over the past eight years, moving 2000 people off the street and putting the state on track to eradicate homelessness altogether by 2015. How’d they do it? The state is giving away apartments, no strings attached. In 2005, Utah calculated the annual cost of E.R. visits and jail stays for an average homeless person was $16,670, while the cost of providing an apartment and social worker would be $11,000. Each participant works with a caseworker to become self-sufficient, but if they fail, they still get to keep their apartment.

I certainly wish that the folks in these cities criminalizing homelessness would take a page from Utah's example, and get things working for their homeless populations. It can be done, if there is a will to do it.

Apr 18 09:45

Netflix Has 62 Million Subscribers And Exceeds The Market Value Of CBS

Netflix Inc. taken off to a record high in the wake of saying that its feature gushing administration beat 62 million endorsers around the world, as unique shows, for example, “Place of Cards” drew new viewers universally.

http://whatisusa.info/netflix-has-62-million-subscribers-and-exceeds-t...

Apr 18 09:35

San Jose CAFR: $5.4 billion ‘pension fund’ LOSES $17 million, but pays $24 million to ‘advisors.’ Public banking, monetary reform are answers

*hyperlinks/video live at source*

The City of San Jose’s 2014 Annual Comprehensive Financial Report (CAFR) reveals:

A $5.4 billion Pension Trust Fund (pg. 194) that generated $105 million income from interest and dividends (pg. 195), and pays advisors $24.4 million for investment expenses (pg. 195).
A comprehensive financial strategy of purchasing debt securities to earn interest ($58.6 million, page 195), and selling debt securities that cost interest ($98.4 million, page 201).

Therefore, this financial strategy involving a $5.4 billion pension fund cost $17 million to taxpayers and retirees (income minus interest and investment expenses) while paying the advisors to manage these “investments” $24 million.

And it might be worse than this because the CAFR is not transparent with how much debt securities cost taxpayers:

Page 201 states a $98 million interest cost, but page 85 has total interest cost for the fiscal year ending June 30, 2015 as $135 million.

Apr 18 09:17

Germany Seeks Compensation for $57M Holocaust Fraud

Ever since the world’s leading Holocaust charity discovered a massive insider fraud in 2009, its leaders have insisted that German taxpayers, rather than needy Holocaust survivors, had to foot the bill.

But a letter obtained by the Forward suggests that politicians within the German Parliament want the Conference on Jewish Material Claims Against Germany to compensate for the $57 million that was lost.

In the December 2014 letter, Matthias Hass, of Germany’s ministry of finance, stresses Germany’s “requirement” that the Claims Conference “makes repayments to compensate for the financial damage arising from the cases of fraud.”

Webmaster's Commentary: 

So, a Holocaust "Charity" defrauds the German government out of $57 million, but wants German taxpayers to carry the loss rather than return the ill-gotten gains?

That sounds about par for the course.

Apr 18 08:36

Average worker must work 127.7 years for 1 year of CEO pay

While the average American is living from paycheck to paycheck, the executives in the C-suite are taking home millions in wages and compensation, highlighting the widening income disparity in the U.S.

Apr 18 08:21

Supreme Court won’t hear appeal of group seeking to sue Ottawa over CWB

The Supreme Court of Canada said it will not hear an appeal from a farm group that wants to sue the federal government for billions of dollars over the Canadian Wheat Board. Friends of the Canadian Wheat Board filed a class-action lawsuit in 2012 over legislation that removed the marketing agency’s monopoly on western wheat and barley sales.

It sought leave to appeal after a lower court struck down the main parts of the class-action.

Apr 18 08:20

PHOTO: School blames ‘poor lighting’ for paltry Michelle O lunch

That’s not really a fish filet with a whole wheat bun resting on top.

Nah, your eyes are playing tricks on you.

That’s what administrators at Virginia’s Portsmouth Public Schools want parents to believe after a mother took a photo of her child’s paltry school lunch and posted it on social media.

The mom says James Hurst Elementary served the lunch Tuesday.

After the photo began circulating around the community, Food Service Coordinator Jim Gehlhoff admitted the lunch “concerns us,” but added that it might not actually be as bad as it looks.

portsmouth-lunch“Poor lighting and food presentation make this lunch unappealing,” he said in a statement released to the media.

Webmaster's Commentary: 

Apr 18 08:11

Canadian Wheat Board to be sold to Saudi-owned Global Grain Group

The federal government is privatizing the Canadian Wheat Board with a sale to a Saudi-owned company.

G3 Global Grain Group will get 50.1 per cent of the company in exchange for an investment of $250 million. The other 49.9 per cent will be kept in trust for farmers who deliver grain to the board.

Any farmer who does deliver will get $5 per tonne in equity in the organization. In seven years, G3 Global Grain Group has the option to buy back the shares from farmers at market value.

Apr 18 08:11

SOLD! Canadian Wheat Board no longer quite so Canadian

"Agriculture Minister Gerry Ritz announced that G3, a joint venture owned by two foreign corporations, Bunge and the Saudi investment company SALIC, is the beneficiary of CWB privatization. With this, the Conservative government has accomplished the biggest transfer of wealth away from farmers in the history of Canada," said Jan Slomp, National Farmers Union (NFU) President.

"The CWB's physical assets, its commercial relationships, and its good name have all been given away. The 'buyers' of the CWB actually get to keep the $250 million pittance they are 'paying' for it. Bunge's 2014 sales totalled $58 billion and multi-billion dollar SALIC is a subsidiary of the Saudi sovereign wealth fund, PIF."

Apr 18 08:10

Can the courts liberate the Bank of Canada?

You know the old aphorism, "If a tree falls in the forest…?" Well, how about this one: if citizens win a significant victory in court against an autocratic government involving the fleecing of Canadians of billions of their hard-earned tax dollars and no one in the media actually covers it, did it really happen?

That might well be the question being asked over at the Committee for Monetary and Economic Reform (COMER), a very small and low-budget Toronto think-tank. With their lawyer Rocco Galati (of Supreme Court fame in the Nadon case) they have been steadily winning court battles initiated in 2011 that would oblige the Bank of Canada to return to its pre-1974 practice of lending the government money virtually interest-free. But the mainstream media has boycotted the story. Galati believes the Harper government has done some serious arm-twisting to keep the story buried.

Apr 18 07:58

Netflix Has 62 Million Subscribers And Exceeds The Market Value Of CBS

Netflix Inc. taken off to a record high in the wake of saying that its feature gushing administration beat 62 million endorsers around the world, as unique shows, for example, “Place of Cards” drew new viewers universally.

The stock hopped 18 percent to $562.05 at the nearby in New York, the greatest every day pick up in just about two years, giving the Los Gatos, California-based organization a business sector estimation of $34 billion, surpassing that of CBS Corp.

http://whatisusa.info/netflix-has-62-million-subscribers-and-exceeds-t...

Apr 18 07:45

Can the courts liberate the Bank of Canada?

The good folks at COMER have for years -- decades, actually -- been trying to get people to pay attention to what is far and away the biggest, most outrageous fraud ever perpetrated on the Canadian people. I am speaking here of the fact that instead of the Canadian government borrowing money from its own bank, our bank -- the Bank of Canada (BoC) -- it has, since 1974, chosen instead to borrow exclusively from private international and domestic financial institutions providing them with enormous, absolutely risk-free profits for almost four decades.

The result, according to economist Ellen Brown:

"By 2012, the government had paid C$1 trillion in interest -- twice its national debt. Interest on the debt is now the government's single largest budget expenditure -- larger than health care, senior entitlements or national defense."

Apr 18 07:11

‘Monster Marijuana’ To Become Reality As Monsanto Patents GMO Pot

‘Monster Marijuana’ To Become Reality As Monsanto Patents GMO Pot
Last week Monsanto announced that it had patented the first genetically modified strain of marijuana. This news has far-reaching consequences for drugs policy, since cannabis is still an illegal substance. Many believe Monsanto’s interest in the market must mean that full legalization of the drug for recreational purposes is on the horizon, but at what cost?

Apr 18 06:49

Former IMF President, Bank-Bailout-Fiasco President, and VP of Spain, Long Untouchable by the Law – Suddenly Gets Crushed

The week has not been kind to Rodrigo Rato, the embattled former vice-president of Spain, former president of the IMF, and former president of ongoing bank-bailout-fiasco Bankia. First the Spanish news website Voz Populi reported that he was under police investigation for tax fraud, money laundering and embezzlement. That was on Tuesday.

Apr 18 03:38

GLOBAL FINANCE GRINDS TO A HALT

Global finance grinds to a halt as Bloomberg terminals black out
The outage that struck Bloomberg’s popular trading portals was apparently not the result of a cyber attack.

Though Business Insider has reported a rumor (* http://www.businessinsider.com/reason-for-the-global-bloomberg-outage-... ) that someone spilled a can of coke on a server somewhere , Fortune remains skeptical. (Revenge, perhaps, for former three-term New York City mayor Michael Bloomberg’s failed bid to outlaw big soda drinks? The former mayor recently returned to lead the company he founded in 1981.)

Apr 18 02:03

IMF Medicine for Latin American Debt Killed the Patient

The history of IMF involvement in Latin America can be traced back the 1980s, known as the lost decade, during which Latin America experienced its worst economic crisis since the Great Depression; the common link among nations was their external indebtedness to the international private banking system.

Apr 17 18:22

New Study: Millennials Don’t Like Credit Cards

It seems that more millennials have gotten the message that credit cards are not the best financial tool to rely on.

Apr 17 18:12

Most Americans Have No Stocks

Less than half of American adults have money invested in stocks

Apr 17 18:03

Getting an “F” in Financial Literacy

With student loans growing at an alarming rate, it may not surprise you that many college freshman have little knowledge when it comes to financial literacy.

Apr 17 16:53

Get Ready For Another Major Worldwide Credit Crunch, The Global Liquidity Squeeze Has Begun

Today, the entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some way, and so the only way to have “economic growth” is to introduce even more debt into the system. When the system started to fail back in 2008, global authorities responded by pumping this debt spiral back up and getting it to spin even faster than ever.

Apr 17 16:23

Greece starts assets sales with horse racing gambling license

Greece's privatization agency (HRADF) has invited OPAP to sign a deal next week to acquire the country's sole license for horse racing betting, the first state asset sale to be completed by the new leftist-led coalition government.

The agency announced in March it would proceed with the sale of the exclusive betting rights to OPAP, the country's dominant gambling firm, which won the license last year after offering 40 million euros ($43.26 million).

Apr 17 15:43

THE U.S. GOLD MARKET: Complete Insanity

Apr 17 15:31

Wal-Mart suddenly closed 5 stores and laid off thousands of workers and no one knows why

Some employees believe that the stores were closed because of worker protests for higher pay.

Employees of the Pico Rivera store were among the first to hold Black Friday protests in 2012.

"This is the first store that went on strike," an employee told CBS Los Angeles. "This is the first store in demanding changes for Walmart."

Apr 17 15:12

S&P 500 vulnerable to a decline

Apr 17 15:12

US Rig Count Drops For Record 19th Week In A Row

Rig counts fell for a record 19th week in a row. Total rigs dropped 34 to 954 and oil rigs dropped 26 to 374. This means the total rig count drop is now greater than 50% - the fastest drop since 1986. Crude prices had slid into the rig count announcement and popped afterwards.

Apr 17 15:11

The ECB Is Considering A Parallel Greek Currency

Today, to our dismay, we find that the ECB has not only considered a "parallel currency" alterantive but for Greece this may be a reality before long. According to Reuters, the ECB "has analyzed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro bloc, people with knowledge of the exercise told Reuters." "The fact is we are not seeing any progress... So we have to look at these scenarios."

Apr 17 15:09

BAKKEN COLLAPSE HAS BEGUN

Apr 17 14:59

MGM Bans Cash At Poker Tables

Apr 17 14:32

Expert Says “Banning Cash” The Only Solution to Negative Interest Market Problems

Mac Slavo
SHTFplan.com

The Federal Reserve’s main tool in economic warfare has become hyper low interest rates and, thus, extremely cheap money for large institutions via quantitative easing.

Now, the how-low-can-you-go climate has created negative interest rates, meaning not only that many investments carry no return but that many deposits cost money.

Well-known Citigroup economist William Buiter says the solution to this backwards market is to reign in the appeal of normal currencies like cash – because it is “causing problems” for central bank manipulation:

Apr 17 14:31

GE posts first quarter loss of $13.6 billion

Apr 17 14:15

US Taxes Returning to Economy-Killing Level

Apr 17 14:08

Greece May Pay Wages And Pensions In IOUs

Apr 17 14:06

Obama Likely to Veto Republicans’ Estate Tax Repeal Bill

The White House on Tuesday said Democratic President Barack Obama’s advisers would recommend that he veto a pending Republican-authored bill to repeal the estate tax.

Apr 17 12:26

Hillary Clinton Is Grooming A Former Goldman Banker To Become America's Next Treasury Secretary

For years on end, many wondered how it is possible that Gary Gensler allowed Wall Street firms to manipulate, rig, and otherwise abuse the US commodity market which he, as head of the Commodity Futures Trading Commission from 2009 until 2014, was supposed to regulate.

Some, such as this website, suggested that what Gensler was doing was simply protecting his former colleagues from civil or criminal investigation and prosecution. After all Gensler is far better known for not only having worked at Goldman Sachs for 18 years most recently as co-head of finance, prior to joining the CFTC, but for becoming the youngest ever Goldman partner, at the tender age of 30.

Apr 17 12:17

PRISON LABOR COMPANY FEATURES PROMO VIDEO TOUTING “BEST-KEPT SECRET IN OUTSOURCING”

Searching for the “best kept secret in outsourcing,” one that can “provide you with all the advantages” of domestic workers, but with “offshore prices”? Try prison labor! That’s the message of Unicor, also known as Federal Prison Industries, a government-owned corporation that employs federal workers for as little as 23 cents an hour to manufacture military uniforms, furniture, electronics and other products.

Apr 17 11:34

Tower of Greed

As citizens we simply expect to be treated with dignity and a certain amount of respect. Speaking for myself, is it too much to ask that when I go to a place of business for that business to operate in a manner that is comfortable and that I don’t feel like I am being lied to and my money stolen? Well, if you do business with a bank that is all you can expect to receive; dishonor and theft. If you read the article in full, as I requested, you now know exactly what I am talking about. The ECC (Economic Consultative Committee), fewer than 50, (yes FEWER than 50 people) meet twelve times a year to determine how we, the citizens of the world, are going to be sheered like sheep by the ruling and banking class. Can you imagine if we met, in secret, to plot against the government, the banks and the corporations? Wouldn’t we have a missile or rifle shoved up our back side? Wouldn’t we be thrown in prison, if we were lucky, as an enemy of the state?

Apr 17 10:48

Countries Around The World Are Now Dumping The Petrodollar

Apr 17 10:12

It’s Official: The Worldwide Bail-ins Are Coming

In case you missed the announcement, Cyprus-style bail-ins are coming to a bank near you.

On November 16, leaders of the G20 Group of Nations – the 20 largest economies – made an important decision. The world’s megabanks now have official permission to pledge depositor accounts as collateral to make leveraged derivative bets. And if they lose a bet, the counterparty to the contract has first dibs on your money.

The governments of these 20 countries are now supposed to put these arrangements into law. Most, including the US, have already done so.

Apr 17 10:10

Bell faces $750M lawsuit over allegedly selling customer data

A $750-million national class-action lawsuit has been filed against Bell Canada over alleged breaches of privacy arising from its recently discontinued target ads program.

The suit against subsidiaries of Bell alleges that the defendants used the program to track, collect and sell the sensitive account and internet browsing information of their customers to advertisers.

It seeks $750 million in damages for breach of privacy, breach of contract and breach of the Telecommunications Act.

Apr 17 09:46

1.4 million U.S. TV homes Cut the Cord in 2014

Apr 17 09:03

Greece: See anarchists fling FIREWORKS at police as Athens erupts

Clashes erupted between anarchists and riot police in the district of Exarcheia in Athens, Thursday. The clashes follow a demonstration by around 4,000 workers from a Canadian-run gold mine in northern Greece over fears of job losses, after the Greek government revoked the company's license to develop the mine.

Apr 17 08:59

IN PHOTOS ~~ NEW YORKERS DEMAND MINIMUM WAGE INCREASE

Apr 17 08:58

Billionaire Tells Americans to Prepare For 'Financial Ruin'

The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.

That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”

According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”

He goes on to point out that the downgrade of U.S. debt is inevitable.

Webmaster's Commentary: 

Magnificent grasp of the obvious, Don!

Apr 17 08:54

People REALLY Don't Get It!

Apr 17 08:15

Court will not reconsider key ruling on insider trading

The decision not to rehear the case leaves intact strict requirements for what the government must prove in order to win an insider trading conviction and could help defendants who are appealing their insider trading convictions, including former SAC Capital portfolio manager Michael Steinberg.

The Justice Department has already dropped charges against multiple defendants it previously accused of trading on inside information, including several who had already pleaded guilty. Earlier this year prosecutors said they couldn’t prove their case five men accused of trading on tips about International Business Machine Corp.’s 2009 $1.2 billion acquisition of software company SPSS Inc.

Webmaster's Commentary: 

Money junkies are now above the law, it seems!

Apr 17 08:11

Millennial Women Still Earn Less Than Men

Although millennial women tend to be more highly educated than their male counter-parts, they are still earning less money in many careers.

Apr 17 08:09

Oil Bust Empties Out Private-Jet Parking Lot in Texas

The oil boom last year was easy to see at the airport in Midland, Texas, the gateway to the biggest crude-producing region in the U.S. The 30 or so spaces for private planes were often filled.

On one day in early February, a lone corporate jet sat on the tarmac, the empty spots a harbinger of the slowdown looming in a city that is 85 percent dependent on the oil and gas industry.

Webmaster's Commentary: 

This slump would explain why Walmart closed their stores in Midland and Tulsa for "plumbing problems."

Apr 17 08:05

Slowest Growth in China Since 2009

Apr 17 07:54

There is nothing quite like the smell of stock correction in the morning

Is that the acrid smell of correction in the air?

It certainly seemed that way as U.S. stocks swiftly fell out of bed Friday on the heels of what appears to be a pair of odd events in the global markets.

Apr 17 07:46

The Japanese Took Over The US Debt

China No Longer Top Foreign Owner of U.S. Debt
Japan now holds more U.S. debt than China, China is selling, Japan buying, both lag behind the Fed

Before the end of February, as per information discharged yesterday by the U.S. Treasury, elements in Mainland China had surrendered their position as the top proprietors of U.S. government obligation.

http://whatisusa.info/the-japanese-took-over-the-us-debt/

Apr 17 07:45

Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse

You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central banks all over the world today—many of whom have trouble sleeping—wish it were.

Apr 17 07:35

Little Football, A Lot Of Money The History Of US-Mexico Match

United States and Mexico with little football became a millionaire business.

History repeated itself, the football teams of US and Mexico played the match 64, and again the economics of the benefits that left the organizers was the big winner.

http://whatisusa.info/little-football-a-lot-of-money-the-history-of-us...

Apr 17 07:34

U.S. stocks stage selloff as global jitters take hold

U.S. stocks tanked on Friday as news of stock market regulation from China triggered a selloff in global equity markets, where investors were already on the edge due to fears that Greece may default on its international debt.

Apr 17 06:44

DOW JONES FALLS OFF A CLIFF

Webmaster's Commentary: 

-213 just a half hour into the trading day. No Friday happy ending!

Apr 17 06:37

Thousands of students boycott state-mandated exams

Jessie Rothenberg, age 8, holds a sign while sitting on her father’s shoulders while protesting Gov. Cuomo’s education policies in Park Slope, Brooklyn, in March. Stephanie Keith/for New York Daily News It’s an anti-testing tsunami.

Apr 17 04:54

Is Mario Draghi Stupid, Crooked Or What?

Apr 17 00:10

The Japanese Took Over The US Debt

China No Longer Top Foreign Owner of U.S. Debt.

Japan now holds more U.S. debt than China, China is selling, Japan buying, both lag behind the Fed

Before the end of February, as per information discharged yesterday by the U.S. Treasury, elements in Mainland China had surrendered their position as the top proprietors of U.S. government obligation.

http://whatisusa.info/the-japanese-took-over-the-us-debt/

Apr 16 23:30

Little Football, A Lot Of Money The History Of US-Mexico Match

United States and Mexico with little football became a millionaire business.

History repeated itself, the football teams of US and Mexico played the match 64, and again the economics of the benefits that left the organizers was the big winner.

http://whatisusa.info/little-football-a-lot-of-money-the-history-of-us...

Apr 16 19:03

Flat Broke, Living In A Moldy Basement And Relying On Food Stamps And Medicaid

Could you imagine being a single parent and trying to survive in America today on $10.50 an hour?  For a moment, I want you to imagine that you are living in a moldy apartment that is so badly maintained that rain seeps in whenever it rains.  You are employed, but you are completely dependent on government programs such as food stamps and Medicaid in order to make ends meet.

Apr 16 18:37

Why has petrol risen despite oil price fall? Anger as drivers count the cost on the forecourt

Motorists’ groups reacted with anger last night as it emerged that the cost of petrol was rising again – soon after a fall in world oil prices.

Campaigners said drivers were being ‘fleeced’ by oil firms and high fuel duty.

For months, the cost of fuel fell to just 113.42p for diesel and 106.39p per litre of unleaded. But the cost of filling a tank with petrol has risen by almost £4 and £3 for diesel.

The rise comes despite a dip in world oil prices in March, from a high of $60 a barrel to $54, triggered by competition between the US and other nations.

Apr 16 17:57

Greece May Pay Wages And Pensions In IOUs

Apr 16 15:42

Feds Push For Total Control of Water Rights

Apr 16 15:25

IRS Targets Farmer For Making Cash Deposits

Apr 16 15:09

What Is Really Driving Gold?

Apr 16 14:48

IMF's Lagarde says Greece should not delay payments

The head of the International Monetary Fund on Thursday signalled that the IMF would not agree to let Greece delay a scheduled bailout payment, saying the Fund needed to protect its sterling reputation as a global lender.

Greece is fast running out of cash and its euro zone and IMF lenders have frozen bailout aid until the new leftist-led government in Athens reaches agreement on a package of reforms.

That has raised fears the Greek government will not be able to make its next payments to the IMF, which total some $1 billion (0.67 billion pounds) over the next month.

Apr 16 14:48

$5,000 SILVER?

Apr 16 14:01

Oil Busts Triggering Economic Seizures: “A Stream of Bankruptcy Attorneys Running Around”

Mac Slavo
SHTFplan.com

Bankruptcies are mounting in some of the biggest firms, even as the appearance of normalcy remains. But cash injections will likely keep the largest corporate-corpses going on and on.

How much trouble does this signal for an already troubling economy?

Wolf Street reported on how the oil bust is surfacing in the form of bankruptcies – along with a string of major bankruptcies in other sectors including casinos, securities, electronics (Radio Shack, the once huge chain) and at least one health care provider in the top 15 pending bankruptcies for the year:

[I]t’s not just in Houston or in the oil patch. It’s in retail, healthcare, mining, finance…. Bankruptcies are suddenly booming, after years of drought.

Apr 16 13:30

Why Argentina Is Waging War on Citibank

Apr 16 13:16

Frustration continues with aggressive tax-refund seizures

More than 77 million American have received tax refunds -- but others may not be so lucky.

CBS News has been investigating complaints that refunds are being seized by the government without notice.

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