May 20th, 2013
They write the rules. One set for them. One set for us.
50 million of our fellow countrymen starve and depend on paltry government distributions to put food on the table every month. Millions have lost their homes and their jobs. And future generations are saddled with trillions of dollars in debt that can never be repaid.
All the while, those who are supposed to serve the people have [...]
Today’s AM fix was USD 1,412.25, EUR 1,094.51 and GBP 926.67 per ounce.
Yesterday’s AM fix was USD 1,436.50, EUR 1,103.47 and GBP 938.15 per ounce.
Cross Currency Table – (Bloomberg)
Gold dropped $6.00 or -0.42% yesterday to $1,425.40/oz and silver finished – 1.02%.
On Tuesday 14th May, workers at Lonmin PLC, the world’s No. 3 platinum producer in South Africa began a wildcat strike. This caused immediate disruption of all mine production [...]
Lets see how bright American fiscal policy is:
Payoff toxic mortgage loans at full price, then allow speculators/ultra rich to take highly leverage and force-up the farmland prices.
Result is citizens pay higher food prices. Go into stores and see how packages and jars of food keep getting smaller. For example yogurt is now sold in “spoonful” portions. Restaurants serve cheap carbohydrates because protein has become too expensive. Just try to by [...]
50 million tweets from around the world are collected each day and analysed
System looks for ‘happy’, ‘sad’ and ‘neutral’ word content
Researchers found the day of the Boston Marathon was the saddest day for five years
A financial-style ‘happiness index’ that measures the mood of the world has revealed the day of the Boston Bombings was the saddest online for five years.
The site shows a graph that rises and falls, in much [...]
Under the immigration reform bill, some employers would have an incentive of up to $3,000 per year to hire a newly legalized immigrant over a U.S. citizen.
In avoiding one controversy — the cost of providing millions of newly legalized immigrants with ObamaCare subsidies — the Senate “Gang of Eight” may have risked walking into another.
Immigration Bill ‘Worse Than We Thought,’ Legalizes Relatives and Previously Deported
CNS News quotes Rep. Lamar Smith from [...]
NASA unveiled a $17.7 billion spending plan for 2014 today (April 10) that continues major ongoing space exploration projects, while including funds to kick-start an audacious new mission to capture a small asteroid and park it near the moon so astronauts can explore it by 2025.
The proposed NASA budget is part of President Barack Obama’s 2014 federal budget request and would restore the U.S. space agency’s funding back near its [...]
(CNSNews.com) - The impending sequester did not prevent the Transportation Security Administration (TSA) from acting in late February to seal a $50-million deal to purchase new uniforms for its agents–uniforms that will be partly manufactured in Mexico.
March 1st, 2013
Last month President Obama made it a point to outline the ever stronger state of our Union.
“Our housing market is healing, our stock market is rebounding, and consumers, patients, and homeowners enjoy stronger protections than ever before,” said Obama of a US economy that, according to the President’s numbers, has added six million new jobs over the last decade.
But as budget woes hit cities and states across America, and [...]
50 Million Cubic Ft. of Gas Rising to surface, covers 2 square mile
State Officials Investigate Bubbling Lake Peigneur
The state is taking a closer look at what residents say are bubbles in Lake Peigneur in Iberia Parish.
The departments of Natural Resources and Environmental Quality took samples from Lake Peignuer today to find out what is causing the bubbles.
Last night, public officials, residents and other groups spoke out against AGL Resources, which [...]
Fed Joining in Alarm Over Distortion It Enabled: Credit Markets
A Federal Reserve governor is joining those warning that junk-debt investors are poised for losses, while his institution’s policies spur them to keep buying the debt.
Yields on a record 38 percent of the $1.1 trillion of notes sold by the neediest U.S. borrowers were trading below the 10- year average rate for investment-grade debentures last month, Barclays Plc data show. Investors poured a [...]
Summary: The US government is warning to disable a common networking feature after bugs left tens of millions of hardware devices vulnerable to attacks by hackers and malware.
The US Department of Homeland Security is next in line to warn of a serious threat to networking devices, such as scanners, printers, computers, and routers.
It comes only a few hours after a white paper was released by security researchers at Rapid7, which [...]
by Jim Swift, Weekly Standard:
Obama and Biden revealed their proposed reforms intended to reduce firearms related violence.
The proposal contains a mix of executive actions, regulations, and calls for Congress to act legislatively. The total package will cost at least $4.5 billion in new spending. Among the new spending the president proposed:
• $4 billion for the president’s proposal “to help keep 15,000 cops on the streets in cities and towns across the [...]
Mass murderer Adam Lanza is yet another example of how society is collapsing right in front of our eyes. When I was young, I never imagined that someone would come into my school and try to kill me. But now any school that does not have armed security is being incredibly foolish. The mass shooting at Sandy Hook Elementary School in Newtown, Connecticut on Friday was the second worst school [...]
For the 50 million Americans in poverty the probability of a recession is 100 percent. Growing economic divide for working class.
The probabilities of the US slipping into another official recession are growing. Don’t tell this to the 50 million people that are reportedly at the poverty level according to a new US Census report. This trend isn’t something new and it certainly is not going to be resolved overnight. We [...]
NEW YORK (AP) — A strengthening Hurricane Sandy churned north Monday, raking ghost-town cities along the Northeast corridor with rain and wind gusts. Subways and schools were closed across the region of 50 million people, the floor of the New York Stock Exchange was deserted, and thousands fled inland to await the storm’s fury.
As the storm closed in on the mid-Atlantic coast, it washed away an old section of the world-famous Atlantic [...]
If you are just starting to prepare for Hurricane Sandy, the truth is that you are already too late. Most of the essential supplies have already been stripped from store shelves. If you don’t have an emergency generator, you might be without power for quite some time. It is being estimated that up to 10 million people could lose power during this storm, and it is already being projected that [...]
HOUSTON — Disaster-proof domes that can sustain winds in excess of 250 mph will cost taxpayers more than $50 a foot.
FEMA has now offered to pick up the tab of at least $50 million dollars, to install disaster shelters in and around Houston that, according to the manufacturer, (ABC Domes based out of Sealy – Division of Golden Sands General Contracting out of Miami) are “almost impenetrable”.
The company has been [...]
A US court has charged 11 people with participating in an alleged Russian network illegally exporting high-tech microelectronics and supplying them to Russian military and intel agencies. Defendants potentially face over 400 years in jail each.
The defendants were arrested Tuesday; Wednesday the government is to seek their removal to the Eastern District of New York.
The FBI says the network has been operating through a Texas-based company, which pretended to produce [...]
UBS analyst Steve Milunovich is slashing his iPhone estimate for the holiday quarter to 38 million, down from 44 million, citing supply issues:
“Poor outlooks from Skyworks and Jabil along with our checks indicate that iPhone supply issues limit near-term shipments. In-cell display manufacturing yields ramping gradually likely is the culprit. This shortfall mostly appears to be a timing issue though we assume some lost sales in an effort to be conservative.”
(Skyworks and Jabil [...]
September 6, 2012
More than 50 million Americans couldn’t afford to buy food at some point in 2011, according to federal data.
Children in some 3.9 million households suffered from food insecurity last year, with their families unable to provide them with adequate, nutritious food at times.
Nearly 17 million Americans suffered from “very low food security,” meaning they had to reduce the amount they ate, saying the food they bought did [...]
PHILADELPHIA (CBS) — The anti-hungerorganization Philabundance has kicked off its annual Hunger Action Month food drive with some sobering new statistics.
The US Department Agriculture says 50 million people went hungry last year.
“It confirms what we’ve been seeing, that the situation is not getting any better yet — in fact, it’s slowly decaying,” says Philabundance president Bill Clark (below).
September 4, 2012
Following a brief period in which it seemed that US foodstamp recipients may have peaked, with those living in poverty maxing out at 46.514 million in December 2011, and then declining modestly for the next few months, June saw a new surge in those Americans living in poverty and thus eligible for foodstamps, with 173,600 new entrants into the system, bringing the total to a new all time [...]
In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.
Soros, who manages funds through various accounts in the U.S. and the Cayman Islands, has reportedly unloaded over one million shares of stock in [...]
Campaigning in Missouri Valley, Iowa, yesterday, President Obama announced yet another government spending program — this time designed to inflate meat prices in Midwest swing states. “Today the Department of Agriculture announced that it will buy up to $100 million worth of pork products, $50 million worth of chicken, and $20 million worth of lamb and farm-raised catfish,” Obama explained to reporters in front of a drought-stricken cornfield.
“Prices are low, [...]
Truth is stranger than fiction. You can’t make this stuff up because nobody would believe you. Mitt Romney’s business record is his chief qualification to be President, he says. Did you know that Mitt Romney’s business was the abortion business, from which he made $50 Million burning aborted fetuses through his company Stericycle?
When Mitt Romney was sworn in as Governor of Massachusetts on Jan. 2, 2003 he was Pro Choice. [...]
President Barack Obama will announce Monday that his administration plans to purchase as much as $170 million of pork, chicken, lamb and catfish in attempt to alleviate the burden put on U.S. farmers hurt by drought, a White House official said.
The products, which will be bought by the Department of Agriculture, are to be used in food-aid programs, the official said. The government purchases will include up to $100 [...]
ROME: Italian police Saturday announced a 78 percent jump in the amount of gold, silver and cash they have prevented from leaving the country illegally in the first seven months of 2012.
The “Yellow Flame” financial police seized 41 million euros’ ($50 million) worth compared with 23.2 million euros in the same period last year, they said in a statement.
In addition to large quantities of cash and treasury bills, they seized [...]
Jared Cummans: It is no secret that grain prices have been soaring as a number of savvy commodity investors have been cashing in on the latest trend to take the world of hard assets. Many are also aware that a nation-wide drought has been the culprit of said price rises. But while the drought has been widely covered, few realize just how severe it has been. For starters, the trailing 12 months [...]
One lifeguard at Brooklyn’s McCarren Park Pool is wishing he had self-defence training after his workplace has become a brawling hot-spot for violent teenagers.
Lifeguards at New York City’s largest public pool, which re-opened last month after 28 years and a $50 million revamp, struggle to keep order over gangs of aggressive teenagers.
In an interview with the New York Post, one of the pool’s 30 lifeguards has admitted to running off ‘pure adrenaline’ when a gang [...]
In less than a week, the city’s $50 million “crown jewel’’ pool in Brooklyn’s McCarren Park has turned into a mini-war zone, where frightening melees have injured two cops and a lifeguard.
The Greenpoint pool reopened last week with a splashy ribbon-cutting ceremony featuring Mayor Bloomberg speaking of its “illustrious past and bright future.’’ But yesterday, hundreds of frustrated people were forced to stand in lines that stretched around the block [...]
This is commentary from political blogger and cartoonist Rob Tornoe.
Confused about what’s going on in Trenton? Wondering why Christie is calling back the Legislature when everyone thought they’d be on vacation?
Unlike most things in New Jersey politics, this one is pretty straightforward.
Gov. Christie is hoarding money saved by cuts to programs aimed to help poor and working class families, and using it as a bargaining chip to ram through tax [...]