The federal government calls them FEMA Corps. But they conjure up memories of the Hitler Youth of 1930’s Germany. Regardless of their name, the Dept of Homeland Security has just graduated its first class of 231 Homeland Youth. Kids, aged 18-24 and recruited from the President’s AmeriCorp volunteers, they represent the first wave of DHS’s youth corps, designed specifically to create a full time, paid, standing army of FEMA Youth [...]
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Many of you seem to believe that when our society collapses it will look something like this: _________________ The scenario that is much more likely based on the fall of past civilizations is something like this: _____ It is called catabolic collapse, and it is the trajectory neary every civilization has followed for systemic collapse in the history of man. Another good source of info is http://thearchdruidreport.blogspot.com/ It is very likely that [...]  For the first time in its nearly 100-year history, Orlando Health is reducing its workforce by up to 400 positions starting immediately, hospital officials announced this morning. The elimination of 300 to 400 jobs will occur in two phases, and represents a 2- to 3-percent decrease in the system’s 16,000 employees, said Orlando Health spokeswoman Kena Lewis. The reductions affect all departments and all eight of its hospitals, including Orlando Regional [...] Stock Market Crash Next Week? TRADER ALERT: S&P Is Now Right On Its 200-Day Moving Average The Stock Market Is Tumbling Again, And It’s Right On The Infamous 200-Day Moving Average Alert! The stock market is falling. And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important “support” level. If we break through it, some people might freak out. From Stockcharts.com >
Stockcharts.com via MarketWatch: Cycle work suggests [...] I went to bed last night thinking we’re outnumbered. I went to bed last night thinking all this discussion we’d had about this election being the election that will tell us whether or not we’ve lost the country. I went to bed last night thinking we’ve lost the country. I don’t know how else you look at this. The first wave of exit polls came in at 5 p.m. I looked [...] Three months after Facebook’s troubled launch as a publicly traded company, its troubled stock faces another challenge Thursday when millions more shares could flood the market and add downward pressure to a stock that already has lost nearly half of its initial public offering price. The social media giant has fallen about 45 percent below its initial public offering price of $38, but with the possibility of another 268.1 million shares set [...] ATHENS–Greece’s newly elected government announced Tuesday the merger or closure of 21 state agencies, marking the first steps toward streamlining the country’s bloated public sector, as a delegation of international inspectors returned to Athens. The entities employ a total of 5,256 people and are funded to the tune of about EUR40 million ($48.2 million) from the state budget, according to an announcement from the Ministry of Administrative Reform. The 21 agencies–which include [...] UPDATE 4:30 PM ET/11:30 ATHENS
If you thought for a moment that the Greek election would end in a clean outcome tonight, the joke was on you. In the first wave of exit polls that came out at 12:00 PM ET, the pro-bailout, conservative New Democracy party held a razor thin 0.5% lead over the leftist SYRIZA party. Then an hour and a half later, it became clear that New Democracy would come in [...] by Michael Many people hype “the coming economic collapse” as if it is some kind of big summer Hollywood blockbuster. Many people out there write about it as if it is something that will happen in a single day or over a few weeks and that it will suddenly change how the entire world functions. But that is not how the financial world works. The financial world is like a game [...] Chicago isn’t exactly a hotbed of homespun America and apple pie motivated sentiment.
Today marks a moment when radical Leftist anti-NATO demonstrations in the city, affiliated with “Occupy NATO,” are hitting their stride. Graph: http://www.voxeu.org/sites/default/files/image/FromAug2011/KirkegaardFig1.gif IMF predicted the recession in Greece would be -7.5% between 2009-2012. It’s more like -18% now. I gave an example last week. a) “Greek statistics” In 2004, four years after Greece’s eurozone application had been endorsed on the basis of those statistics, the newly elected New Democracy government decided to change the method of recording defence equipment expenditure, so as to lighten the budgetary burden during its term of office. This change meant recording expenditure [...] Intel has officially launched the first wave of its Ivy Bridge processors with a new tri-gate transistor technology, touting the new chips as the “world’s first 22 nanometer product.” The chipmaker released 13 quad-core processors on Sunday and promised that new dual-core processors will arrive later in the spring. MacNN reports that the first batch of chips are from the Core i5 and i7 families. CEO Paul Otellini said earlier this month that the “bulk” of the [...] STEVE CONNOR Two blind people have shown signs of being able to see again – despite having incurable eye disease – following a revolutionary operation involving the transplant of stem cells derived from a human embryo. A third patient, a Yorkshire man who volunteered to take part in a similar trial in Britain, had a similar transplant operation last week involving the injection of embryonic stem cells into the [...] by The Economic Collapse How To Prepare For The Difficult Years Ahead How should people prepare for the difficult years that are coming? I get asked about that a lot. Once people really examine the facts, it is not too hard to convince them that an economic collapse is coming. But once they accept that reality, most of them want to know what they can do to prepare themselves and their families for [...] Over the weekend it was announced that the European Emergency fund may not be large enough to bailout all of the country’s who are bankrupt in Europe. This is really not a surprise. Back in 2010 when the bailout fund was first announced I said it would prove to be another “Paulson’s bazooka” effort (in reference to Hank Paulson’s 2008 claim that a blank check to [...] WELLINGTON—New Zealand’s Ministry of Civil Defense and Emergency Management issued a marine threat for the country’s North Island after a magnitude 7.8 earthquake struck in the Kermadec Islands region in the southern Pacific Ocean early Thursday morning New Zealand time. “Confirmation been received that a tsunami was generated,” the Ministry of Civil Defense said. It said a marine threat for Northland, Bay of Plenty, East [...] Here is a blog that gives you an up-to-date idea of conditions in part of Japan, http://commonground.edrnet.com/posts/5d9… He says the area devastated by the tsunami is as long as the distance from NY city to Washington DC: Japan is suffering from the global misperception that this is a nation of wealth & prosperity and as such international financial help is slow in coming. In fact, most areas [...] by Ford Pinto The problem is the common thought that housing will recover with the jobs market. This has traditionally been true but will not be true this time in the sense it was true during the last few crashes. This time is different with regards to the number of available units (supply) on the market. This supply is is much higher [...] UK government in its keenness to start its austerity to the people drive, starts first wave of military job cuts amidst controversy as people, including soldiers serving in Afghanistan, are simply sent emails telling them they’re now surplus to requirements. Trainee RAF pilots are to start being told from next Tuesday, that they are no longer required for training: The Army has apologised after 38 [...] The price of oil on both sides of the Atlantic has hit its highest level since the financial crisis. In Europe, Brent crude futures rose to $91.58 per barrel, while in the US, West Texas Intermediate hit $89.35 – the highest levels since October 2008. Despite the market rally, prices still remain 40% below their pre-crisis peak. Among the factors driving prices higher are rising demand because of the [...] They will hit families and small businesses in three great waves on January 1, 2011: First Wave: Expiration of 2001 and 2003 Tax Relief In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011: Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate [...] Small business owner here. Had a shitty end of 08 and almost went out of business in 09. Started 2010 as best year ever, but heading into same flux as 08. Not a good sign! I cater to the existing residential market. They have slowed spending greatly, meaning confidence is diminishing rapidly once again. Here we go again!!! I barely stayed in business through the first wave, I’m done if this stretch continues. This economy can’t [...] 1. Denial and Isolation 2. Anger For every tax break the feds provide the states and localities take it back if not more. Below is one good example. Vermont to seniors: Return those $250 checks http://money.cnn.com/2010/06/11/news/economy/vermont_medicare_checks/index.htm NEW YORK (CNNMoney.com) — The federal government is mailing $250 Medicare rebate checks this week, but Vermont is asking its seniors to send the money back to the state. The first wave of checks were mailed Thursday to about 80,000 people as the initial [...] |
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