You may have noticed some economic difficulties across the country in recent years among family, friends, neighbors, colleagues. One sector is doing quite nicely, however, under Barack Hussein Obama.
In the 1,420 days since he took the oath of office, the federal government has daily hired on average 101 new employees. Every day. Seven days a week. All 202 weeks. That makes 143,000 more federal workers than when Obama talked forever [...]
First Tunisia, then Greece, now Italy (the same Italy where the economy is “picking up” where yields are “stable”, and where much “progress” is being made). From Reuters: “A 54-year-old man died on Sunday after setting himself on fire outside the Italian parliament last week to highlight his struggle with unemployment, police said. Angelo di Carlo suffered 85 percent burns after the incident in front of the lower house of parliament – [...]
Syrian Humanitarian Crisis – As Food, Fuel Prices Soar al-Assad Desperately Attempts To Get Gold
Today’s AM fix was USD 1,614.50, EUR 1,305.60, and GBP 1,028.34 per ounce.
Yesterday’s AM fix was USD 1,622.25, EUR 1,317.30 and GBP 1,035.33 per ounce.
Gold fell $12.10 or 0.75% in yesterday in New York and closed at $1,608.30/oz. Silver fell to a low of $27.73 and finished with a loss of 1.28%.
Gold Prices/Rates/Fixes /Volumes – [...]
“No, absolutely not,” said European Central Bank President Mario Draghi when asked if the euro was in danger.“The euro is irreversible,” he added just as a whiff of panic began sweeping over the Eurozone.
Everybody was supposed to enjoy their long vacation, and nothing important was supposed to happen. But, like a group of disruptive homeless guys, the ECB, the International Monetary Fund, and politicians have apparently gotten tired of kicking the Greek [...]
As pure panic begins to sweep over the Eurozone regulators have gone from kicking the can down the road to outright smashing it.
Wolf Richter www.testosteronepit.com
“No, absolutely not,” said European Central Bank President Mario Draghi when asked if the euro was in danger. “The euro is irreversible,” he added just as a whiff of panic began sweeping over the Eurozone. Everybody was supposed to enjoy their long vacation, and nothing important was supposed to [...]
The last thing the EU needs right now is for Greece to miss key deadlines under terms of its bailout — it may be less painful to simply give the ailing country a little more time.
By Cyrus Sanati
FORTUNE — The results of the Greek election over the weekend may have eurozone champions and Wall Street breathing a sigh of relief, but the political and economic troubles within Greece and the [...]
XI’AN, China — A nationwide real estate downturn, stalling exports and declining consumer confidence have produced what a Chinese cabinet adviser, quoted on the official government Web site on Thursday, characterized as a “sharp slowdown in the economy.”
Though the Chinese economy continues to expand, construction workers are losing jobs in droves and retail sales grew last month at the slowest pace in more than three years. Investments in fixed [...]
TREVISO, Italy — On New Year’s Eve, Antonio Tamiozzo, 53, hanged himself in the warehouse of his construction business near Vicenza, after several debtors did not pay what they owed him.
Three weeks earlier, Giovanni Schiavon, 59, a contractor, shot himself in the head at the headquarters of his debt-ridden construction company on the outskirts of Padua. As he faced the bleak prospect of ordering Christmas layoffs at his family firm [...]
Venezuela’s President Hugo Chavez, who has yet to confirm his attendance at the Summit of the Americas this coming weekend, faces a slippage of regional influence as he undergoes radiation therapy for cancer.
A recurrence of cancer first detected in 2011 has kept Chavez in Havana for days at a time for the radiation treatment, with brief weekend trips home between rounds.
He was to complete his third round on Wednesday, and so far has not [...]
Good to keep up with some of the economic circumstances in Southern Europe.
Resistance to Austerity Stirs in Southern Europe
Published: Sunday, 1 Apr 2012 | 5:15 AM ET Text Size
Most of the people of southern Europe have stayed surprisingly stoical up to now in the face of some of the most painful budget cuts in living memory, but signs are stirring that patience may soon run out.
Europeans’ patience with austerity is [...]
By Jeff Clark, Casey Research
Have you ever had any doubts about gold? Does it sometimes feel like it should be performing better? Are you concerned about its volatility? Do you worry about how it might perform in the future? Have you ever wondered about its true purchasing power? Maybe you’re nervous about a big drop in price again? I decided to go directly to the source to address these concerns: Gold [...]