The world is heading into a horrific economic nightmare, and an inordinate amount of the suffering is going to fall on innocent children. If you want to get an idea of what America is going to look like in the not too distant future, just check out what is happening in Greece. At this point, Greece is experiencing a full-blown economic depression. As I have written about previously, the unemployment rate [...]
Citing uncertainty over the impending “fiscal cliff” and lower demand overseas, an association of CEOs from top companies on Wednesday dropped its growth expectations for the third quarter to the lowest level since the middle of the Great Recession.
The Business Roundtable lowered projections for sales, capital spending and hiring in its latest CEO Economic Outlook Survey to the lowest level since 2009.
The fiscal cliff — an end-of-the-year deadline for a [...]
With everyone scrambling to buy into the bathsalts rally, and shorts rushing to cover with a panic bordering on a QE-announcement, it is somewhat ironic that today’s voice of muted reason comes from none other than Liebor expert extraordinaire: Barclays, whose suggestion is simple: lock your profits: “We remain bearish on EURUSD, expecting it to grind slowly down to 1.15 over the next 12 months. We therefore suggest investors look to fade [...]
Object is raised about 10 to 13ft above seabed and curved at the sides like a mushroom
Hole is surrounded by an strange rock formation that expedition team can not explain
Stones are covered in something ‘resembling soot’ which has baffled experts
Divers say phones and some cameras switch off when close to the object
The divers exploring a ‘UFO-shaped’ object at the bottom of the Baltic Sea say their equipment stops working when [...]
Spain Runs Out Of Money To Feed The Zombies
by Tyler Durden
One of the problems with the Hispanic Pandora’s box unleashed by a now insolvent Bankia, which as we noted some time ago, is merely the Canary in the Coalmine, is that once the case study “example” of rewarding terminal failure is in the open, everyone else who happens to be insolvent also wants to give it a try. And in the case of Spain [...]
H. Scott Hoffmann (News & Record)
Photo Caption:“It made me feel like I’m somebody,” says former Marine Roland Eubanks, 86, about being awarded a Congressional Gold Medal.
GREENSBORO — Roland Eubanks, Joseph Walker and the thousands of other African American Marines who trained at Montford Point in eastern North Carolina did double duty during World War II.
“We fought two wars,” Walker, who settled in Winston-Salem after the fighting, said in a 2004 oral [...]
Even if the European Lack of Union does, miraculously, come up with some short-term resolution of a mathematically unsolvable crisis (at its core, the problem is that there is simply far more debt than there are assets, let alone cash flow, period, end of story) suddenly the market’s will refocus its attention on the question of our own intractable math: i.e., how will America, suddenly once again the “neo-decoupled” source of [...]
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