GDP for the Fourth Quarter of 2009
Statement by Chair of the Council of Economic Advisers Christina Romer on the Advance Estimate of GDP for the Fourth Quarter of 2009
The latest GDP report is the most positive news to date on the economy. The data show that the total output of the U.S. economy increased strongly in the fourth quarter [...]
Do the banks before they do you
Underwater on the mortgage ? Walk away ! Of course the banks are furious at the suggestion that their debt slaves follow their own practices.
” Norms governing homeowner behavior stand in sharp contrast to norms governing lenders, who seek to maximize profits or minimize losses irrespective of concerns of morality or social responsibility. This [...]
Money Pit in Sand
Built on slave labor and borrowed money, an extravaganza of opulence and misery is set to echo Shelley’s “Ozymandias.” Now all the money is gone, the slaves flee, and kleptocrat rulers fight usurious moneylenders in a background of half built dreams and pooling sewage.
Couldn’t have happened to a nicer buncha thieves.
Soon, as [...]
Secret Treaties Gag Free Speech
Operating in secrecy, the USA and other countries conspire to remove free speech protections. Orwell was right. How long before we see “Newspeak” and “Thoughtcrime” ?
Global DMCA
Fed Sees Economy Leveling Out
Washington, DC — Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Conditions in financial markets have improved further in recent weeks. Household spending has continued to show signs of stabilizing but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight [...]
Miss Daisy Feels Peachy
Ambler, PA — Local robotics teams that made the achievement of qualifying for the world championships are in Atlanta, GA. The Wissahickon High School Team 341 “Miss Daisy” obtained many awards this season including first place at the Western Regionals in San Diego, CA.
Team 341 arrived in Atlanta on Wednesday. On Thursday [...]
Oboma Budget Bad Business
The world has been waking up and raising a voice against President Oboma’s budget and stimulus plans. How can you spend, spend, spend money you don’t have? Who will pay back the debt?
The European Union has taken a stance against the massive amount of spending. The head of the EU, Czech Prime [...]
China Says: Reform the International Monetary System
The People’s Bank of China is calling for a universal currency. Russia has also expressed a desire for the International Monetary Fund (IMF) to use a single, non-dollar based currency. China holds a trillion dollars of US debt in dollars.
The article, What Is a Dollar Worth, considered the risk of future inflation because [...]
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The Ever Shrinking Economy
Washington, DC — The Commerce Department released its report on the 4th Quarter GDP. Though it was expected to be bad, it came in even worse — down 6.2 percent on an annual rate.
Bank Failures Increase Worldwide
by widgette.com
Bank failures continue to escalate over the face of the globe. Four more US banks were closed by regulators in Nebraska, Florida, Illinois and Oregon.
In the UK, Lloyds is already 43.5% government owned after having to seek assistance last fall. Now, they face $14.2 billion loss. At the same time, they [...]