Simon Black: The Smartest Investment Of The Decade

Via Simon Black of Sovereign Man blog,

Here’s something crazy to think about.

Roughly 200,000 people were born today. That’s net world population growth, births minus deaths.

Each one of them constitutes a new mouth to feed. And when they come of age, those 200,000 people will consume, conservatively, about 1,250 Calories per day. Collectively, that’s 91.25 billion Calories per year for the entire 200,000 people that were born today.

Where will they get that [...]

California Screaming As 4th Muni Bankruptcy Looms in Atwater

Whether Atwater, California will join the prodigious ranks of Stockton, San Bernardino, and Mammoth Lakes to become the 4th Muni bankruptcy is up for vote on October 3rd (before a $2mm bond payment in November). As Bloomberg notes, the 28,000-strong Merced county town is suffering under the same weight of public employee costs, lost revenue, and a stagnant economy leaving it with a $3.3 million budget deficit. While some put their [...]

U.S. officials inspect Switzerland

Bern – 21 Swiss chocolatiers and 18 dairies have received a visit from the U.S. Food and Drug Administration. Background is the fear of bioterrorism.

Reason for the unusual inspection is a new American law (Food Defense), after which the food must be tested at the production and not only on imports as before.

http://agrarheute.com/us-beamte-kontrolle-schweiz

Food Defense – what a nice way, by the FDA (it rimes) to control, the food Production in [...]

At least the U.S. Gov’t has a plan, STEAL IT!

http://foodfreedomgroup.com/2012/04/23/obama-seizes-farmers-money/

“Monsanto’s Food and Drug Administration can’t close down small dairies and private food clubs fast enough, bursting on the scene with guns drawn as if the criminalized right to contract for natural foods we’ve consumed for millennia deserves SWAT attention.

Now, Obama has the Dept. of Justice going after small farmers under the post-911 “Bank Secrecy Act” which makes it a crime to deposit less than $10,000 when you earned more [...]

One million jobs for young people lost since 2007 as Labour is accused of hiding scale of unemployment on its watch (UK)

Manufacturing, retail, hotels and restaurants have suffered the biggest losses over the past five years
Finance and business services are the only areas with bigger workforces than before the recession
Figures emerge as nearly 500 jobs are announced as being under threat at two dairies

 

Almost a million jobs have been lost since 2007 in sectors which traditionally appeal to young people, a new study has revealed.

Jobs which account for over half of youth [...]

The story here is not so much the cap on fees itself, but the ability of banks and their lobbyists to control the legislative process start to finish…

It never ends.  As part of the Dodd-Frank financial reform bill, the Federal Reserve was tasked with capping the fees banks charge merchants for debit card transactions.  This rule on fees was supposed to be finalized by April of this year and to take effect by July, but the banks and their lobbyists have been screaming bloody murder.

They’ve also been throwing around lots of cash.  See [...]