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from South China Morning Post:
China’s sovereign wealth fund, which has more than US$480 billion in assets, could cut holdings of US Treasury Bonds as they are becoming a less attractive investment, state media said on Tuesday. The Shanghai Securities News quoted Lou Jiwei, chairman of sovereign wealth fund manager China Investment Corporation (CIC), as telling a conference in Hong Kong on Monday that the US economic recovery had made other investments appealing. China has the [...] Gun crime has almost doubled since Labour came to power as a culture of extreme gang violence has taken hold. The latest Government figures show that the total number of firearm offences in England and Wales has increased from 5,209 in 1998/99 to 9,865 last year – a rise of 89 per cent. In some parts of the country, the number of offences has increased more than five-fold. In eighteen police areas, gun [...] Jonathan Benson Parents across Australia are waking up in droves to the dangers of vaccines, as evidenced by new government figures showing a major uptick in the number of parents who are choosing not to vaccinate their children. According to the data, there has been a 600 percent increase in recent years in the number of informed vaccine opponents who are simply not willing to inject their offspring [...] WASHINGTON (MarketWatch) – The damage caused by Hurricane Sandy sent U.S. jobless claims soaring by 78,000 in the week ended Nov. 10 to an 18-month high of 439,000, according to the latest government figures. A Labor Department official on Thursday said claims surged in the eastern parts of the country that laid in the path of the storm…. (Excerpt) Read more at marketwatch.com … From Newsmax: More young adults are leaving their parents’ homes to take a chance with college or a job. Across the nation, people are on the move again after putting their lives on hold and staying put. Once-sharp declines in births are leveling off, and poverty is slowing. A new snapshot of census data provides sociological backup for what economic indicators were already suggesting: that the nation is in a tentative, fragile [...] TOKYO — Japan posted its biggest first-half trade deficit on record, according to government figures released Wednesday, highlighting the economic consequences as this nuclear-averse country imports fossil fuels to meet its energy needs. The Ministry of Finance reported a 2.92 trillion yen (or $37.3 billion) trade deficit, which reflected not only Japan’s surging need for oil and liquefied natural gas (LNG), but also weakened exports to slumping markets like Europe and China. The world’s third-largest [...] The brother-in-law of Syrian president Bashar al Assad and his defence minister are among three killed by a bomb that struck at the heart of the country’s security elite. Assef Shawkat and defence chief Daoud Rajha died in the blast at a meeting of senior security and government figures in Damascus. Syrian general Hassan Turkmani, a former defence minister and senior military official, was also killed, and several others were wounded. The attack, [...] From Bloomberg: Nassim Taleb, author of “The Black Swan,” said he favors investing in Europe over the U.S. even with the possible breakup of the single European currency in part because of the euro area’s superior deficit situation. Europe’s lack of a centralized government is another reason it’s preferable to invest in the region, said Taleb, a professor of risk engineering at New York University whose 2007 best- selling book argued that [...] Union officials said 80 percent of the country’s teachers took part. All but three of Spain’s 17 regions participated in the stoppage, the biggest in a series of strikes so far this year that had until now been scattered around the country. The Education Ministry did not return a call seeking government figures. Spain’s government is pushing through painful austerity measures to heal public finances, which risk being overwhelmed by the [...] From BBC News: Officials say tests suggest the birds died on shore over the past few days. Scientists also found the carcasses of dozens of other sea birds. The animals were found in the same region of Peru where more than 700 dolphins were washed ashore earlier this year. The cause of their death is still unknown. The Peruvian government said it was “deeply worried”. A preliminary report said that there was no evidence to [...] Despite getting into trouble in Africa, U.S. drug manufacturers are still going overseas, with increasing frequency, to test new medicines and take advantage of poor economic conditions…and lax regulation legal responsibility should anything go wrong. India is one popular destination for pharmaceutical companies wanting to avoid tougher regulatory guidelines for using test subjects in the U.S. And getting volunteers is easy when so many Indians live in poverty. In a nation where the average [...] More than 47,000 people have been killed in drug violence in Mexico since President Felipe Calderon launched a military crackdown against drug cartels. (AP Photo/Felix Marquez) (CNSNews.com) – Organized crime-related deaths in one Mexican border state during the first nine months of 2011 exceed the number of Afghan civilians killed in roughly the same period in all of war-torn Afghanistan. According to the Mexican government, from January through September 2011 2,276 deaths were recorded in [...] By David Zeiler Now that Congress has allowed the U.S. national debt to grow bigger than the American economy, it won’t be long until the American public suffers the consequences by losing most of its savings to inflation. Figures for last year show the national debt officially exceeded 100% of the nation’s gross domestic product (GDP). According to government figures, the national debt stood at $15.23 trillion at the close of 2011, compared [...] From NYT: The world’s congested mobile airwaves are being divided in a lopsided manner, with 1 percent of consumers generating half of all traffic. The top 10 percent of users, meanwhile, are consuming 90 percent of wireless bandwidth. Arieso, a company in Newbury, England, that advises mobile operators in Europe, the United States and Africa, documented the statistical gap when it tracked 1.1 million customers of a European mobile operator during a [...] KABUL, Afghanistan (AP) — A major investigation into an influential Afghan governor accused of taking bribes has been shut down and its top prosecutor transferred to a unit that doesn’t handle corruption cases, Afghan and U.S. officials said. The closing of the investigation into the former governor of Kapisa province, Ghulam Qawis Abu Bakr, comes on the heels of a grim, [...] by Simon Black of Sovereign Man Where To Find The Best Jobs In The World Government economic statistics are all lies and gorilla math… and one of their most creative frauds is the unemployment figure. Intuitively, when they say ‘the unemployment rate is 9%,’ that would suggest to the average Joe that 9% of the labor force is, in fact, unemployed. Oh no. Most governments have entire departments and [...] Washington Post and Der Spiegel news magazine named Tayeb Agha as the key Taliban negotiator Photo: EPA The breakdown in the talks at such an early stage has led to recriminations and claims that the details of the meetings and the identity of the Taliban’s chief negotiator were deliberately leaked by ‘paranoid’ Afghan government figures. Absolute confidentiality had been a key condition for the meetings which were [...] 1) US Is in Even Worse Shape Financially Than Greece: Gross “Much of the public focus is on the nation’s public debt, which is $14.3 trillion. But that doesn’t include money guaranteed for Medicare, Medicaid and Social Security, which comes to close to $50 trillion, according to government figures. The government also is on the hook for other debts such as the programs related to the bailout of [...] Australian bubble pops economy starts to decline to begin to join the majority of the world in Great Depression 2: Australia has reported its biggest quarterly fall in gross domestic product (GDP) in 20 years. Its economy contracted by 1.2% in the first three months of the year, compared with the previous quarter, the latest government figures showed. The government said flooding and cyclones in resource rich states of [...] Are the American people losing faith in the U.S. economy? The statistics that you are about to read might surprise you. Not everyone believes that the U.S. economy is dying (there are still millions out there that will swallow anything that the mainstream media tells them), but the reality is that there is a growing chunk of the population that has completely lost faith in [...] Below we share Goldcore’s outlook on what UK’s slide into stagflation means for the reas of the world. Stagflation in UK a Real Risk to US and Western Economies, via GoldCore What were termed “shock” UK GDP figures yesterday, led to falls in the FTSE and the pound sterling which fell against the dollar and gold. Sterling’s fall saw sterling gold prices rise from £833 per ounce to [...] by LFM UK government admits the figures it recently published were overestimated and has now issued revised figures for the economy downwards, with GDP increasing from the lows of the year before, between April and July, but down from 1.2% to 1% and has since been dropping again. Most noticeable were the government figures for construction which, showed an increase in housing and construction from what was a multi year low, [...] by Victor Cook WSJ: At midnight on the first of the month, a scene unfolds at many Wal-Mart Stores Inc. sites that underscores the deep financial strains that many low-income American consumers still face. Parking lots come to life after 11 p.m. as customers start to stream into the stores, cramming their shopping carts full of milk, infant formula and other necessities. Then at midnight, when the government replenishes their [...] When everyone owns something, no one does. Failures and ruin ensue. He is even considering taking over the biggest beer brewer. Article excerpts below. Hugo Chavez Spearheads Raids as Food Prices Skyrocket Venezuelan army soldiers swept through the working class, pro-Chavez neighborhood of [...] |
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