May 17, 2013
Activists demanding the closure of the Guantanamo Bay prison have marked the 100th day of a hunger strike there by submitting a petition to the White House containing some 370,000 signatures.
A group of activists wearing orange jumpsuits and black hoods like those used on detainees at Guantanamo Bay gathered outside the White House on Friday to call for the immediate closure of the controversial jail.
“Immoral, illegal, ineffective,” [...]
from Zero Hedge:
Student debt has seemingly been the transmission channel of choice for pumping credit into the US economy for the last few years as the government addition of $1 trillion has done nothing butleave those under-55 with fewer and fewer jobs (especially above-minimum-wage jobs) while saddled with non-extinguishable debt. Of course, this ‘pump’ of credit has had the usual unintended ‘inflationary’ consequence of raising tuition prices (which as we noted this morning was the main [...]
Source: UBS Financial Markets
Greek ATM Lines And Expiration Bluffing Send Stocks South – Tuesday’s trading turned strange even before the market had opened in New York.
An oversold condition and decent data at 8:30 had U.S. futures bubbling on the upside early on.
Suddenly, around 9:00 EDT, lightening seemed to strike. Futures tanked and European markets went into a freefall.
“What just happened” was the cry that echoed across the floor.
The trigger was the [...]
From The Reformed Broker:
I’m always on the lookout for headlines like these demonstrating the extreme ridiculousness necessary to indicate cyclical tops and bottoms of a given theme in the markets or the economy.
From CNNMoney via Yahoo Finance:
This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy.
The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is [...]
By Russ Certo, head of rates at Gleacher
A Walk In The Park
The life of man upon earth is a warfare… Job 7:1
Let them call me rebel and welcome, I feel no concern from it; but I should suffer the misery of devils, were I to make a whore of my soul Thomas Paine
Be not deceived. Revolutions do not go backward. Abe Lincoln, May 19, 1856
We will either [...]
It’s good, it represents progress, build from it. That would be a helpful approach to the Gang of Six proposal on the debt. Don’t deep-six it because it’s flawed. Flawless isn’t going to happen. There will be a big election in 2012. A lot can be settled then, and after.
The Gang of Six—three Democrats and three Republicans in the Senate—this week put forward a plan aimed [...]
They Now Acknowledge The Certain Fall With Fear(& Hopelessness)
I REALLY NEED NOT SAY ANTHY BUT GIVE YOU A QUOTE THEN LET YOU READ WHAT IS NOW COMING OUT OF THE MOUTH OF THE WHITE MAN HIMSELF.
“The Bible prophesies of the plagues that would come upon America — and these plagues are falling on America now, and yet she will not repent. For America continues to kill [...]
By definition, a plutocracy is government by the wealthy.Â The only thing worse than an outright plutocracy is a stealth plutocracy.Â The anger and hopelessness so many Americans feel stems from the fact that we are effectively being ruled by a plutocracy in the form of the Federal Reserve.Â The Federal Reserve Board of Governors is composed of individuals appointed by the president and approved [...]
“Tax revenue, desperately needed in order to consolidate the national finances, has dropped off. A mixture of fear, hopelessness and anger is brewing in Greek society”
“If you take away my family’s bread, I’ll take you down — the government needs to know that,” Meletis says. “And don’t call us anarchists if that happens! We’re heads of our families and we’re desperate.”
He predicts the situation will only become more heated. “Things [...]