Category Archive: Signs in the Economy

1,000 Texas Homes Burned and Fire Department Funding Cut 75% this Year

Officials: 1,000 Texas homes burned in past week AUSTIN, Texas (AP) — More than 1,000 homes have been destroyed in at least 57 wildfires across rain-starved Texas, most of them in one devastating… Continue reading

USPS could default on a $5.5 billion payment for Pensions

The US Postal Service is so deeply in debt that it could default on a $5.5 billion payment for retiree benefits by month’s end. No surprise there. Total mail volume is down 20… Continue reading

The millions of Americans living in long-stay motels

They are known as the last resort. Millions of Americans are staying in budget long-stay motels as the country’s economic problems get worse. The grisly rooms are seen as the lowest of the… Continue reading

Press Release: Shadow Government

What do Bill Clinton, David Rockefeller, Prince Charles, Ben Bernanke, Microsoft Chairman Bill Gates, Google CEO Eric Schmidt and Facebook co-founder Chris Hughes have in common? Each has attended meetings of the Bilderberg… Continue reading

Some 450,000 Israelis march at massive ‘March of the Million’ rallies across country

Over 450,000 protesters attended rallies across the country last night calling for social justice in what was the largest demonstration in Israeli history. The main protest took place in Tel Aviv’s Kikar Hamedina,… Continue reading

The Space Station: Will NASA Abandon Ship?

Critics of NASA aren’t saying “I told you so” yet, but some of them are surely muttering it under their breath. The word from the space agency last week was that the International… Continue reading

Employers add no net jobs in Aug.; rate unchanged

WASHINGTON (AP) — Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession. The government also reported that… Continue reading

Market crash ‘could hit within weeks’, warn bankers

A more severe crash than the one triggered by the collapse of Lehman Brothers could be on the way, according to alarm signals in the credit markets. Insurance on the debt of several… Continue reading

FEMA almost out of disaster funds

NEW YORK (CNNMoney) — The Federal Disaster Relief Fund, the pot of money used to help communities and individuals hit by disasters, is nearly depleted. That’s bad news for victims of both Hurricane… Continue reading

Glenn Beck’s Israel rally prompts Facebook protest

Glenn Beck, the American broadcaster whose regular talkshow was dropped by Fox News for being too rightwing, is to stage a rally on the edge of Jerusalem’s Old City on Wednesday to “demonstrate… Continue reading

Iranians: Time ripe for ‘Great Satan’ to be removed

The decline and fall of the American empire is unfolding and will usher in a new world order that doesn’t include the United States, Iran now believes. With the fiasco in Congress over… Continue reading

Under Obama US National Debt Growing By $3MILLION DOLLARS A MINUTE

Swallow all liquids in your mouth before reading any further. Updated numbers for the national debt are just out: It’s now $14,639,000,000,000. When Barack Obama took the oath of office twice on Jan.… Continue reading

16 Statistics Which Prove That The American People Are Absolutely Seething With Anger

Well, “the greatest nation on earth” is about to get a massive wake up call.  We are up to our eyeballs in debt and we are bleeding jobs, businesses and wealth at an… Continue reading

As World Spins In Turmoil, Obama Plays Golf For 78th Time In Two Years

78th time, if you’re counting. Helps him think. After all, he’s gotta get that jobs package together, which he assures us will save the economy. EDGARTOWN, Mass. (AP) — President Barack Obama played… Continue reading

Beware the U.S. ‘day of rage’ September 17

In 1969 Leftwing domestic terrorist William ‘Bill’ Ayers, head of the group known as ‘the Weathermen,’ staged the ‘days of rage’ in Chicago during which acts of violence, mayhem, and destruction of property… Continue reading

In 2011, Record-Tying Nine Billion in Weather Disasters

With hurricane season still ahead, a record-tying nine $1 billion weather disasters have already racked the nation this year, federal, state and private forecasters reported Wednesday. Following on the heels of the 60-mph… Continue reading

20 Signs That A Horrific Global Food Crisis Is Coming

The following are 20 signs that a horrific global food crisis is coming…. #1 According to the World Bank, 44 million people around the globe have been pushed into extreme poverty since last… Continue reading

Social Security disability on verge of insolvency

WASHINGTON (AP) — Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency. Applications are up nearly 50… Continue reading

World stocks plunge on growing recession fears

MILAN (AP) — Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector.… Continue reading

Thousands Camp Out for Job Fair as Jobless Rate Rises

Thousands of unemployed waited overnight, camping out in their business suits and office heels and braving the tormenting heat in Atlanta to stand in line for a job fair Thursday. Authorities treated 20… Continue reading

One in five American children now living in poverty

Karla Washington worries how she will afford new school uniforms for her five-year-old daughter. Washington, an undergraduate student, earns less than $11,000 a year from a part-time university job. The salary must cover… Continue reading

Indians forced to sell organs to survive

In India, not everyone is benefiting from the boom. Tragically, some people are selling their own body parts to survive. And a scarcity of donors means the grim and illegal organ trade is… Continue reading

UN wants new global currency to replace dollar

The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War. In a radical report, the… Continue reading

Europe ‘On Course’ To Become One Country

DAVID Cameron was under mounting pressure last night to hold a referendum on EU membership amid claims that the Coalition is paving the way for full eurozone financial integration. Tory and Labour MPs… Continue reading

Head of World Bank warns markets have entered new danger zone

The loss of market confidence in economic leadership in key countries like the United States and Europe coupled with a fragile economic recovery have pushed markets into a new danger zone, something that… Continue reading