ECONOMY | WHAT REALLY HAPPENED


ECONOMY

May 07 06:36

Greece on the Brink, Again

May 07 06:21

LinkedIn Stock Plunges

Shares plunged as much as 20% in after-hours trading following the company’s announcement that the rest of 2015 isn’t going to be as stellar as it had expected.

May 07 04:56

Potential dangers in U S stock valuations

May 07 04:35

CIA 'MISSION ACCOMPLISHED' IN AFGHANISTAN: AFGHAN POPPY FARMERS SAY NEW SEEDS WILL BOOST OPIUM OUTPUT

It's the cash crop of the Taliban and the scourge of Afghanistan — the country's intractable opium cultivation. This year, many Afghan poppy farmers are expecting a windfall as they get ready to harvest opium from a new variety of poppy seeds said to boost yield of the resin that produces heroin. The plants grow bigger, faster, use less water than seeds they've used before, and give up to double the amount of opium, they say.

May 07 04:32

WALL STREET TITANS WHO CRASHED GLOBAL ECONOMY IN 2008 GO BIG FOR TPP

Even as millions and millions of Americans—represented by thousands of labor, environmental, family farm, consumer, faith, Internet freedom and other advocacy organizations—continue to stand firmly in opposition to the Trans-Pacific Partnership, those backing the TPP, including President Obama and a large majority of the Republican caucus, still have two dedicated demographic groups pledging their allegiance to the cause and arguing the so-called "free trade agreement (FTA)" would be good for average workers and the economy overall: billionaires and Wall Street titans.

May 06 23:42

Don’t Let Chile Become Another Argentina

May 06 17:14

EU unveils plans for global investor court

The EU’s trade chief has unveiled plans to set up a global court to decide on disputes between investors and governments in a bid to defuse one of the main controversies in the ongoing EU-US trade talks. A "concept paper" published on Tuesday (May 5), drafted for trade commissioner Cecilia Malmstrom, stated that the EU should “pursue the creation of one permanent court,” to rule on so-called investor state dispute settlement (ISDS).

May 06 16:06

Ultra-Secrecy Surrounds Barack Obama’s New Global Economic Treaty

Barack Obama is secretly negotiating a global economic treaty which would destroy thousands of American businesses and millions of good paying American jobs. In other words, it would be the final nail in the coffin for America’s economic infrastructure. Obama knows that if the American people actually knew what was in this treaty that they would be screaming mad, so the negotiations are being done in secret. The only people that are allowed to look at the treaty are members of Congress, and even they are being banned from saying anything to the public. American workers are about to be brutally stabbed in the back, and thanks to all of this secrecy and paranoia they won’t even see it coming.

May 06 15:47

John Kerry 'Issuing a Warning' to EU on Russia Sanctions

John Kerry admitted the EU and the US have disagreements by issuing a warning and letting them know that if Europe doesn’t keep the sanctions against Russia “there is going to be something to pay,” Daniel McAdams of the Ron Paul Peace Institute told RT.

May 06 15:19

Janet Yellen Admits: Federal Reserve Has Distorted The Stock And Debt Markets!

May 06 13:12

Experts are warning that the 76 trillion dollar global bond bubble is about to explode

Warren Buffett believes “that bonds are very overvalued“, and a recent survey of fund managers found that 80 percent of them are convinced that bonds have become “badly overvalued“.

May 06 13:01

Nobel Prize Winning Economist Joe Stiglitz Fails Economic History.

My colleague Dan Mitchell and I have long been baffled by the Quixotic efforts of such prominent economists Paul Krugman and Joe Stiglitz to blame economic stagnation in the eurozone on insufficient government spending.

Government spending in the euro countries rose from 45.3% of GDP in 2007 to 49.5% in 2013, according to Eurostat, with particularly huge increases in Greece, France, Italy and Portugal. The table below shows how little austerity there has been in euro public sectors.

Webmaster's Commentary: 

These economists are paid to ignore that 11th marble!

May 06 12:22

Mass Exodus Has Begun – CEO’s Bugging Out! 500+ Retiring CEO’s Another Sign Of Something Ominous To Come?

In a subsequent meet-up Susan Duclos’ late story “Development To The Bunkers: ‘They Know It Is Coming’ – Elite Actively Practicing Bug-Out Scenario,” we have installed the scribd archive underneath that contains the names of more than 500 CEO’s of expansive organizations that have either resigned from their CEO positions in 2015, late 2014 or plan on doing as such inside the following month or thereabouts as we start to see a mass departure from the business world has started.

May 06 11:50

Here’s where your stolen online accounts are sold via PayPal

People looking to buy stolen account credentials no longer need to scavenge through the dark corners of the Internet or pay with digital currencies.

Sellers on the online marketplace PayIvy are selling hacked logins for Netflix, Hulu, Spotify and other websites and are accepting PayPal payments, according to Brian Krebs, who runs a prominent cybersecurity blog. (You can also buy stolen PayPal credentials.) In some cases, the accounts are sold for just $1.

PayIvy did not immediately return a request for comment as to how it is handling merchants who sell stolen accounts, thus turning the platform into a tradepost for criminals.

May 06 11:05

India to sign port deal with Iran, ignoring U.S. warning against haste

India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade ties with Central Asia and prepared to fend off U.S. pressure not to rush into any deals with Iran.

May 06 10:22

Corporate Kleptocracy: 6,300 Examples Of America's Malignant Malfeasance

I am honored to share a remarkable data base of Corporate Fines and Settlements from the early 1990s to the present compiled by Jon Morse. Here is Jon's description of his project to assemble a comprehensive list of all corporate fines and settlements that can be verified by media reports:

"This spreadsheet is all the corporate fines/settlements I’ve been able to find sourced articles about, mostly in the period from the 1990’s up to today (with a few 80’s and 70’s). This is by far the most comprehensive list of such things online. At least that I could find, because the lack of any decent list is what made me start compiling this list in the first place."

Webmaster's Commentary: 

Corporate crime costs the nation more than ten times what street crimes does, yet the corporate media always focuses on the street criminal, and rarely the corporate one. Charles Keating stole more money through his Lincoln Savings and Loan Association than all the robberies, burglaries, and muggins of that entire year across the entire nation. He made the news primarily because of the attempted intervention on his behalf by the "Keating Five" which included John McCain

May 06 10:17

US Productivity Suffers First Consecutive Quarterly Plunge Since 1993

Well this cannot be good. US output per hour (for the non-farm businesses) - or non-Farm productivity - plunged 1.9% in Q1. This follows a 2.1% slump in Q4 2014 and is the first consecutive quarterly plunge since 1993. This was driven by a 0.2% decline in output as hours worked increased 1.7% with manufacturing productivity suffering a 1.1% drop in Q1 (driven by a 1.2% decline in output).

May 06 09:43

Survey Says: Retirement is a Myth

Upcoming generations, however, are not holding their breath. And that's without even having a working knowledge of the ominous Trans-Pacific Partnership.

So are Americans still envisioning a slice of the pie, thanks to the coaxing of the mainstream media? What do they have to look forward to?

May 06 09:39

Calls to Punish China Grow

Following a year of China’s flagrant and aggressive activities in contested waters, some in Washington are calling for President Obama to cancel China’s invitation to the largest maritime military exercise in the world.

Webmaster's Commentary: 

The CFR was more honest, demanding China be punished for daring to have a stronger currency than the US dollar!

May 06 09:01

‘Bomb train’ derails in North Dakota, explosion forces town evacuation

A train carrying crude oil through Wells County, North Dakota has derailed. At least six rail cars have caught fire, sending thick, black plumes of smoke billowing into the sky. The town of Heimdal and nearby farms have been evacuated.

“The [Federal Railroad Administration] has deployed a ten person investigation team to the site and will be conducting a thorough investigation into the cause of the accident,” Acting Federal Railroad Administrator Sarah Feinberg said in a statement.

May 06 08:52

Chaos – not Victory – is Empire’s Name of the Game

“Once again a country “liberated” by the West is sinking deeper and deeper into chaos.”

This could be anyone of the countries in conflict, where Washington and its Western and Middle Eastern stooges sow war – eternal chaos, misery, death – and submission.

This is precisely the point: The Washington / NATO strategy is not to ‘win’ a war or conflict, but to create ongoing – endless chaos. That’s the way (i) to control people, nations and their resources; (ii) to assure the west is in continuous need for military – troops and equipment – remember more than 50% of the US GDP depends on the military industrial complex, related industries and services; and (iii) finally, a country in disarray or chaos, is broke and needs money – money with hardship conditions, ‘austerity’ money from the notorious IMF, World Bank and other associated nefarious ‘development institutions’ and money lenders; money that equals enslavement, especially with corrupt leaders that do not care for their people.

May 06 08:51

Greece Floats Surcharge On Withdrawals As ECB Considers Cuts To Liquidity Lifeline

Greece is set to introduce a surcharge on withdrawals and financial transactions in an effort to raise cash amid fractious negotiations with creditors. Meanwhile, the ECB is considering measures that will tighten the screws on the country's cash-strapped banking sector.

May 06 08:51

Swiss Stock Market Collapses Instantaneously On 5th Anniversary Of Flash-Crash

The "event" halted the entire Swiss Market for 3 minutes. And this was followed by an outage in Stoxx exchange data delivery this morning.

May 06 08:48

Flashback - It was hard to stomach David Cameron preaching austerity from a golden throne

At a state banquet for the new Lord Mayor on Monday, David Cameron gave a speech about his commitment to the cause of permanent austerity. He stood up to speak from a golden chair, and read his notes from a golden lectern.

As it happens, I was at the banquet too and heard the news about permanent spending cutbacks for myself. Sadly I was not there as a dignitary, a foreign diplomat, a captain of industry or the director of a big City firm. I was there as a waitress. The contrast between what he was saying and where he was saying it seemed initially almost too laughable to get worked up about. But actually, it reflected something chilling in Cameron's attitude towards the people he purports to be working for.

May 06 08:36

Hormel Cuts Jobs As Bird Flu Hits Hard

May 06 08:21

Poverty returns to Europe by leaps and bounds

The news about the economic situation in the EU reminds frontline reports. Head of Unilever in Western Europe, Ian Zeyderveld, from the pages of the Financial Times Deutschland said that poverty is returning to Europe. The main reason for the increasingly lower income of the residents of the Old World is a full-blown crisis in the euro area that is still far from complete.

Webmaster's Commentary: 
May 06 08:19

Weak ADP jobs report drags dollar lower

The dollar traded lower Wednesday, extending its losses after payrolls processor ADP released an April employment number that was much weaker than what the market had expected, prompting investors to worry that the U.S. remains in a state of economic malaise.

May 06 08:00

World's top 25 hedge fund bosses take home combined annual earnings of eight BILLION pounds (and that was considered a bad year)

The top 25 hedge fund managers in the world earned a combined £8billion ($12billion) last year with some taking home nearly a billion pounds each in salaries, investments and bonuses.

Incredibly, the huge windfalls were actually seen as a bad year for the financiers, with the combined amount made by the top 25 falling from a total of £14billion ($21billion) the previous year.

May 06 06:49

Who gutted American industry?

May 06 06:21

The Attorney Of Los Angeles Sues Wells

Los Angeles sues Wells Fargo over alleged fraud

Wells Fargo workers utilized clients’ private data to open undesirable financial records and Mastercards in their names, bringing about unforeseen charges and harmed FICO ratings, the city of Los Angeles asserted in a claim documented late Monday.

http://whatisusa.info/the-attorney-of-los-angeles-sues-wells/

May 06 06:20

Wishing for a 4 Day Work Week? It Exists at These Companies

Have you ever found yourself wishing for a 4 day work week? (I know I have!) Well the existence of the 4 day work week is real at some companies.

May 06 05:14

Why the euro-dollar rally won't last:

May 06 01:07

Greece to tax cash withdrawals

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May 05 22:53

Kelloggs Ignores Consumers, Earnings Plunge 44%

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May 05 22:52

Coin Enthusiasts Warn ‘End Of Cash’

May 05 21:15

ATM Tax Hits Greece As Banks Brace For Runs

May 05 19:07

Will superweeds, regulation create a perfect storm in Iowa farmlands?

Let’s unpack what has happened. Farmers’ dissatisfaction with rising costs of herbicide-resistant weeds has been evident since 2008. But another superweed, Palmer amaranth, has now arrived in five Iowa counties. By 2004, this weed was already costing Southern farmers $35-40 an acre to control. Now even more tolerant to herbicides, this amaranth costs as much as $150 per acre to control in some states. But EPA’s decision to constrain glyphosate use is not just focused on Palmer amaranth, because a dozen other superweeds also plague 60 million acres of U.S. croplands. As Iowa State University’s Mike Owen conceded, “Simple and convenient tactics are failing rapidly and farmers must diversify, not just the herbicides they use, but everything.”

In March, the WHO claimed a possible link between glyphosate exposure and non-Hodgkins lymphoma. Conclusive or not, this report will be hotly debated. But what is not debated is that non-Hodgkins rates in the U.S. have doubled since the 1980s. It has become the fifth-leading cause of cancer in the United States. Farmers’ and farmworkers’ exposure to a variety of stresses already affects their health. Since they are the people who feed America, our agricultural workforce must consider whether additional safeguards are needed to avoid potential health risks.

May 05 18:48

University drops action against researcher investigating high cancer rates & link to GM crops (thanks to public support)

University dean who called for sanctions against Dr Medardo Avila Vazquez reported to have signed deal with Monsanto

The National University of Cordoba, Argentina has dropped the administrative sanctions it had planned against a doctor who conducted cancer research in the town of Monte Maiz in the face of huge popular and scientific support for his work.

Dr Medardo Avila Vazquez and his team conducted a survey that found that the incidence of cancer in Monte Maiz was three times the provincial and national average, correlating with exposure to pesticides in the area. The main crops grown are GM soy and maize.

The administrative sanctions against Dr Vazquez were requested by Juan Marcelo Conrero, the dean of the Faculty of Agriculture.

May 05 18:04

Greece's staggering six-year depression

May 05 17:55

Secrecy Defines Trans-Pacific Partnership Deal as Opponents Decry Threat to Jobs

The TPP is dangerous and leaves Americans vulnerable, as it puts cooperation with other nations and the driving bottom line and profits of top corporations well above the interests of American workers here, failing to even give full disclosure to Washington lawmakers.

Thus, it should be clear enough who the agreement seeks to benefit...

May 05 17:53

Polls Show Majority of Americans Want to Tax the Rich

If the younger generation is increasingly in favor of levying heavy taxes on the rich and upper middle class, is America poised to embrace a socialist future?

May 05 16:59

Blogger Ben’s Basically Full Of It

May 05 16:49

Ultra-Secrecy Surrounds Barack Obama’s New Global Economic Treaty Which Would Destroy Thousands Of American Businesses And Millions Of Good Paying American Jobs.

Barack Obama is secretly negotiating a global economic treaty which would destroy thousands of American businesses and millions of good paying American jobs. In other words, it would be the final nail in the coffin for America’s economic infrastructure. Obama knows that if the American people actually knew what was in this treaty that they would be screaming mad, so the negotiations are being done in secret.

May 05 15:17

China Gold Reserves Threaten The U.S. Dollar

Money Morning Staff: The secret stash of China gold reserves we told you about on April 9 may come to light as soon as May, according to a recent Bloomberg report.

“China may be preparing to update its disclosed holdings because policy makers are pressing to add the yuan to the International Monetary Fund’s currency basket, known as the Special Drawing Right, which includes the dollar, euro, yen and British pound,” Bloomberg reported on April 20. “The tally may come before the IMF’s meetings on the SDR next month or in October, Nomura Holdings Inc. said in an April 8 report.”

The big reveal is a concern for the United States – and the future of the U.S. dollar…

Webmaster's Commentary: 

"NUKE 'EM! NUKE 'EM! NUKE 'EM!" -- Official White Horse Souse

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