Obama Drops A Big Hint That Bernanke Isn’t Coming Back
President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned.
Obama, speaking to Charlie Rose, host of a PBS interview program, compared Bernanke to longtime FBI Director Robert Mueller, who agreed to [...]
This was amazing to watch. I think I was the only one noticing what was happening outside the window of the plane, and this time I captured it. On a previous occasion I saw a load of Japanese sewing machines with ‘this way up’ and ‘fragile, handle with care’ stickers over the boxes also being thrown on to the conveyor.
Lesson: Pack it well, because it wont be treated well.
Some 80 thousand military forces trained by Lebanese Hezbollah were preparing to launch a ground offensive to recapture Syria’s commercial city of Aleppo.
According to a report in the UK-based Sunday Times, a Hezbollah commander said the fighters belonging to Syria’s National Defense Force (NDF) have been taught “to fight street by street.”
Here We Go! 80,000 Hezbollah Trained Troops to Storm the Northern Syria City of Aleppo!
I thought 20,000 was [...]
We were always told that Bill [Clinton] was going to tell the truth [about Obama's eligibility].
Four years later, I am actually shocked that anybody thinks he [Obama] is legit… This is a man who doesn’t think he has to document himself like I would to get a job at Walmart… that it’s affrontive, that it’s racist to ask for a birth certificate from the most powerful person in the world [...]
Inside Job is a documentary that encompasses everything we would need to know about what exactly happened in the Financial Crisis, which we are still facing today. This film which is directed by Charles H. Ferguson describes the corruption and greed by many of the most famous Financial companies we know of. There are five parts to the film which talk about “How we got here”, “The Bubble”, “The Crisis”, [...]
12 million unemployed
The job market has been healing for more than three years now, but the jobs crisis is still truly a crisis.
The staggering statistics get repeated so often they can become numbingly abstract. About 12 million Americans still remain unemployed, but who can wrap their head around that number?
Try wiping both New York City and Los Angeles off the map. That’s how many people we’re talking about.
I don’t know about you, but every job I left did away with my login passwords immediately. It’s standard procedure. So why, if Lois Lerner was put on administrative leave, is she still able to access the IRS computers?
She is probably really mad and could probably really do a lot of damage.
Her last login was on June 4th,2013
Only one answer that I can think of, her so called reprimand was [...]
SEAL Team 4 Commanding Officer Job W. Price ‘commits suicide.’ He was best known for finding and then killing Osama bin Laden.
Cmdr. Job W. Price, 42, died Saturday, Dec. 22, of a non-combat-related injury while supporting stability operations in Uruzgan Province, Afghanistan.
Suicide of the Officer of this grade raises many questions among the media, as the team was best known for killing Osama Bin Laden that assaulted his compound in [...]
House Speaker Nancy Pelosi said this week that thanks to the new health-care reform law, musicians and other creative types could quit their jobs and focus on developing their talents because taxpayers would fund their health care coverage.
If the only way that you can obtain food, clothing, and shelter is through exchange of your labor (mind/body/time) for goods and services (or currency with which to purchase goods and services), then you had better find employment. Or be born to a family that owns some form of capital that can be passed down to you.
But let’s say that you have no land or equipment, and if no one [...]
All you people out of high school, think TWICE about going to college. This video is about an hour long, but well worth the watch.
Don’t waste your time getting yourself into this debt trap.
It makes no sense whatsoever to go into debt thousands of dollars if there is no way to re-pay it. Just because you get a degree doesn’t mean you will get a job that will pay you [...]
White House Press Secretary Jay Carney has come under heavy fire this week as journalists grilled him about the three scandals hitting President Obama’s administration at once.
On CNN Thursday night, however, Carney explained to Piers Morgan that he has actually enjoyed his job this week.
“Maybe it’s just me, but I’ve kind of enjoyed it,” Carney said, as Morgan asked him how his week has been.
Morgan Stanley‘s Gerard Minack is arguably the most underrated strategist on Wall Street.
His two-page “Downunder Daily” reports were must-reads for anyone looking for a clear, straightforward perspective on the state of the markets.
While we’re sad to hear that he’s retiring, we love his last note.
“Investing is an unusual profession: perhaps the only one where amateurs have a good shot at beating the pros,” said Minack as he opened his note today.
Read more: http://www.businessinsider.com/morgan-stanleys-gerard-minack-retires-2013-5#ixzz2TYKnhElW
NASA’s Planet-Hunting Telescope in Critical Condition After Hardware Failure
NASA’s extraordinary Kepler space telescope, whose job over the last four years has been finding and characterizing planets around other stars, has suffered a potentially mission-ending hardware failure.
Engineers checking in with the telescope this week found it had gone into a safe mode, indicating that something was wrong. When they commanded it back to normal mode, they found that one of its [...]
Insiders with ties to the Obama administration tell The Cable that U.S. ambassador to the United Nations Susan Rice has become the heir apparent to National Security Advisor Tom Donilon – a post at the epicenter of foreign-policy decision making and arguably more influential than secretary of state, a job for which she withdrew her candidacy last fall amid severe political pressure.
“It’s definitely happening,” a source who recently spoke with Rice told The Cable. “She is sure [...]
The fewer the letters in a first name, the better, if the goal is to make more money.
That’s the finding of a new study by TheLadders, an online job-matching site that examined the names of six million of its members.
For every extra letter in a name, the cost in terms of annual salary could be $3,600.
TheLadders tested 24 pairs of names, such as Steve and Stephen, Bill and William, and Sara [...]
House Majority Leader Eric Cantor (R-Va.) ripped the media in a speech Tuesday to the Ripon Society, arguing press coverage is partly responsible for the GOP’s messaging woes.
Cantor, who has tried to recast the image of the GOP with his Making Life Work agenda, said the party’s economic message is often drowned out by coverage of debt and deficits.
“The media has done a great job of sort of shoving us [...]
Few Wall Street strategists have been as consistently bullish as Deutsche Bank’s David Bianco.
Even as JP Morgan‘s famous bull Tom Lee buckled earlier this year, Bianco was urging clients to buy stocks even as the sequester approached.
But in his latest note to clients, Bianco has adopted a more bearish tone.
“Respectable 1Q EPS coupled with better job gains pushed the S&P to 1615, but the profit outlook for 2Q has weakened on softness in manufacturing, business spending and [...]
If you think that the latest employment numbers are good news, you might want to look again. In April 2013,58.6 percent of all working age Americans had a job. But three years ago, in April 2010, 58.7 percent of all working age Americans had a job. Well, you may argue, that is not much of a difference. And that is precisely my point. The percentage of Americans that have a job fell [...]
Sue Lund lives about five blocks from where police engaged in a wild shootout April 19 with the two Boston Marathon bombing suspects and about eight doors down from where the one who escaped alive was found 18 hours later.
Yet, during the all-day manhunt, she said police never searched her Franklin Street home or garden shed in Watertown,Massachusetts. Ten other neighbors had the same story and said they didn’t know [...]
That was a declaration of war live on TV…
I thought that was the presidents job..
Here we go again…. “The redline has been crossed” “Syria HAS used chemical weapons” “Set up no fly zones”….
There is a reason he didn’t win.
April 23, 2013
The mother of the suspected Boston bombers has given an exclusive interview to Britain’s Channel 4in which she reiterates assertions that her sons were set up, and also claims that her oldest son Tamerlan is still alive.
“What happened was a terrible thing. But I know that my kids have nothing to do with this. I know it. I am mother. I know my kids,” Zubeidat Tsarnaeva told [...]
A visibly irritated Homeland Security Secretary Janet Napolitano refused to answer a Republican congressman’s questions about the possible deportation of the Saudi national questioned as a witness in the Boston Marathon bombings.
Napolitano called South Carolina Rep. Jeff Duncan’s question “so full of misstatements and misapprehension that it’s just not worthy of an answer.”
“We have someone who’s being deported due to national security concerns,” Duncan had said during a Capitol Hill [...]
President Barack Obama signed legislation Wednesday barring members of Congress, the president and thousands of federal workers from profiting from nonpublic information learned on the job, calling it an embodiment of the fundamental American value of fair play.
Obama said the move to bar insider trading among lawmakers would assure everyone “plays by the same rules.”
“It’s the notion that the powerful shouldn’t get to create one set of rules for themselves and [...]
April 13, 2013
With less than three days to go before federal taxes are due, the Internal Revenue Service is denying claims that it wants to snoop on taxpayers by reading their emails and monitoring other forms of electronic communication without a warrant.
“Respecting taxpayer rights and taxpayer privacy are cornerstone principles for the IRS,” the agency said in a statement. “Our job is to administer the nation’s tax laws, and we [...]
The number of Americans filing new claims for unemployment benefits fell more than expected last week, which could ease fears of a marked deterioration in labor market conditions after a surprise stumble in job growth in March.
“It got crazy. Everybody was pushing and shoving,” said Nicholas Adams. The sneaker store where he worked even locked its doors.
Adams said, “We didn’t want them running into our store knocking stuff over. We had people inside the store who we didn’t want to let out because we didn’t want them to get trampled.”
police arrested more than a dozen teens as the rowdy kids ran toward Broad Street.
Lakia Garrick watched [...]
From Global Economic Trend Analysis:
Here is an interview of Jim Chanos by Lauren Lyster from the Wine Country Conference. Chanos says Stay Away From U.S. Tech Firms:
The Daily Ticker’s Lauren Lyster sat down with Chanos, also president and managing partner of Kynikos Associates, at the 2013 Wine Country Conference in support of Les Turner ALS Foundation last week. Of course we asked him: “What are your biggest shorts?”
His response? U.S. technology.
People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the [...]
The jobs recovery is a complete and total myth. The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010. In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job. But even though the employment [...]
It was interesting to hear a Columbia Professor mention that fast food jobs should not be considered as the bottom of the rung of jobs. These lower paid service sector jobs are actually part of the norm and will be growing. As the US economy begins to get more and more bifurcated we can expect to see some major extremes. Recently fast food workers went on strike yet the media [...]
Fox News reporter Jana Winter faces jail for doing her job too well. She’s not been accused of any crime, only of protecting the identity of confidential news sources while reporting an important development in a major national story. A Colorado court has now compounded a pending murder trial with a second legal case, one with profound First Amendment ramifications.
The story started on July 20, 2012, when James Holmes walked into a midnight [...]
Russell Comment — The government’s all-out propaganda campaign to tell Americans that all is well, surpasses any thing I’ve ever seen in 60 years of watching markets and the news. However, the huge propaganda effort by the government and the Fed is losing its believers.
Currently, the job picture is so brutal that the word is getting out. College graduates are taking no-pay intern positions in the hopes that the [...]
“ADP reports state that only 158,000 jobs were added to the U.S. private sector last month. The general forecast for the month of March was just under 200K added jobs. The March ADP tally was the smallest since October.
The primary cause of the slowdown seems to be hiring in construction firms. Construction employment gains have seemed to pause after the rebuilding following Hurricane Sandy has started to tail off.
Another reason [...]