UN conference calls for new global currency!
NEW YORK - September 7, 2009 - The United Nations Conference on Trade and Development said in a report published Monday that the U.S. dollar should be replaced as the world’s standard reserve currency, giving rise to a new global currency managed by an as-yet undetermined financial regulatory organization.
U.S. banks lose collective 3.7 billion dollars in quarter!
NEW YORK - August 27, 2009 - The U.S. banking industry lost a collective 3.7 billion dollars in the second quarter amid heavy write-downs and provisions for bad loans, the government's insurance agency said Thursday.
FDIC might sink into red by end of year!
NEW YORK (PNN) - August 27, 2009 - The government agency that guarantees you won't lose your money in a bank failure may need a lifeline of its own.
The coffers of the Federal Deposit Insurance Corp. have been so depleted by the epidemic of collapsing financial institutions that analysts warn it could sink into the red by the end of this year.
The coffers of the Federal Deposit Insurance Corp. have been so depleted by the epidemic of collapsing financial institutions that analysts warn it could sink into the red by the end of this year.
Ambrose Evans-Pritchard: Can the soufflé really rise again?
By Ambrose Evans-Pritchard
August 26, 2009 - Two facts that should give pause for thought.
1) Japanese data released on Thursday showed that exports fell yet again in July. They are down 39.5% to the U.S., and 26.5% to China.
Japan is the world’s second biggest economy. It lives on exports. It is also a key part of the supply chain for the Chinese economy. How can this hard data be reconciled with the extreme V-shaped recovery already priced in by the markets?
August 26, 2009 - Two facts that should give pause for thought.
1) Japanese data released on Thursday showed that exports fell yet again in July. They are down 39.5% to the U.S., and 26.5% to China.
Japan is the world’s second biggest economy. It lives on exports. It is also a key part of the supply chain for the Chinese economy. How can this hard data be reconciled with the extreme V-shaped recovery already priced in by the markets?
Real U.S. unemployment rate at 16 percent!
CHATTANOOGA, Tennessee - August 26, 2009 - The real U.S. unemployment rate is 16% if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.
Senator warns of hyperinflation!
WASHINGTON - August 25, 2009 - The economy could spiral into hyperinflation not seen since the early 1980s if the Federal Reserve does not tighten its monetary policy soon, Senator Chuck Grassley (R-Iowa) warned Tuesday.
State government to shut down for 12 days!
PROVIDENCE, Rhode Island - August 24, 2009 - Rhode Island will shut down its state government for 12 days and hopes to trim millions of dollars in funding for local governments under a plan Governor Don Carcieri outlined Monday to balance a budget hammered by surging unemployment and plummeting tax revenue.
More Articles ...
- Analyst predicts 150-200 more bank failures!
- Noted economist warns of double-dip Depression!
- Seized Texas bank sold to Spanish firm!
- Arizona's credit rating downgraded to negative!
- Frailty lingers in housing and producer price reports!
- Reader's Digest set to file for bankruptcy!
- Unemployment spike compounds foreclosure crisis!
- Tax bills put pressure on struggling homeowners!
- Resort offers $19 "survivor" package!
- Chinese stocks plunge almost 6 percent!
- Consumers don't share market optimism!
- An avalanche of insider stock selling!
- Consumer bankruptcies may hit 1.4 million by end of year!
- Foreclosures rise substantially over previous month!
- Retail sales dip more than expected while jobless claims rise!
- InterContinental says recovery is years away!
- Soaring deficit very bad news for the economy!
- Bad assets still threaten banks!
- Anti-Obama trinket sales hit new high!
- Federal deficit grew by $181 billion in July!
- Number of food stamp recipients tops 34 million for first time ever!
- Sluggish July sales show tight-fisted consumers!
- Jobless claims continue at record rate!
- Half of all mortgages will be "underwater" within two years!
- General Motors to lay off thousands more!
- GMAC posts wider quarterly loss as loan defaults rise!
- Alabama County makes massive job cuts!
- USPS may close up to 1,000 post offices!
- Extending unemployment benefits creates joblessness!
- Depression worst than prior estimates!
- Weak treasury auctions raise worries about U.S. debt burden!
- U.S. Postal Service struggling for survival!
- Jobless claims rise more than expected!
- Verizon to cut 8,000 employee jobs!
- Actual unemployment rate hits a 68-year high!
- British economic collapse rivals Great Depression!
- Commercial mortgage delinquency up 585 percent!
- CIT bankruptcy filing may follow August debt swap!
- New U.S. weekly jobless claims jump!
- Profits fall at eBay as Depression hits online businesses!
- Continental Airlines cuts 1,700 jobs!
- Economist predicts Depression will continue!
- White House delays report to avoid admission of bleak economic outlook!
- Commercial mortgage failure rate at 20-year high!
- Retailers predict years of economic gloom!
- Two more Kalifornia banks closed by FDIC!
- CIT group closer to bankruptcy as U.S. denies aid!
- Foreclosure rate continues to rise!
- Big broadcaster Sinclair in dire straits!
- Obama says unemployment rate will keep rising!
Eulogies
Eulogy for an Angel
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Freedom
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My Father
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Dr. Stan Dale
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MICHAEL BADNARIK
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A. Solzhenitsyn
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Patrick McGoohan
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Joseph A. Stack
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Bill Walsh
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Walter Cronkite
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Eustace Mullins
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Paul Harvey
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Don Harkins
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Joan Veon
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David Nolan
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Derry Brownfield
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Leroy Schweitzer
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Vaclav Havel
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Andrew Breitbart
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Dick Clark
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Bob Chapman
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Ray Bradbury
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Tommy Cryer
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Andy Griffith
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Phyllis Diller
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Larry Dever
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Brian J. Chapman
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Annette Funnicello
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Margaret Thatcher
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Richie Havens
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Jack McLamb
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James Traficant
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Dr. Stan Monteith
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Leonard Nimoy
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Stan Solomon
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B. B. King
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Irwin Schiff
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DAVID BOWIE
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Muhammad Ali
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GENE WILDER
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phyllis schlafly
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John Glenn
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Charles Weisman
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Carrie Fisher
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Debbie Reynolds
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Roger Moore
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Adam West
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JERRY LEWIS
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HUGH HEFNER
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PROF. STEPHEN HAWKING
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ART BELL
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DWIGHT CLARK
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CARL MILLER
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HARLAN ELLISON
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STAN LEE
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CARL REINER
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SEAN CONNERY
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L. NEIL SMITH
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JOHN STADTMILLER
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