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from Reuters: Cuba’s drive to slash state payrolls and spur private-sector growth picked up surprising steam in 2012 as President Raul Castro moved ahead with reforms to the Soviet-style economy, according to figures unveiled recently with little hoopla. The number of private or “non state” workers rose 23 percent in 2012, while state sector employment dropped 5.7 percent, according to a report from Economy Minister Adel Yzquierdo Rodriguez. The unemployment rate grew [...] Isn’t it amusing how this is entirely ignored within the markets? “The U.S. fiscal gap, calculated (by us) using the Congressional Budget Office’s realistic long-term budget forecast — the Alternative Fiscal Scenario — is now $222 trillion. Last year, it was $211 trillion. The $11 trillion difference — this year’s true federal deficit — is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in [...] To restart an icy economy and free its citizens from strict Soviet-style money controls, all Iceland needs is a single planeload of Canadian dollars, a pair of Iceland economists told a packed Bay Street conference room Monday afternoon. “It would fit nicely in a small plane, we just have to make sure it doesn’t get lost on the way,” said Heidar Gudjonsson, an investment manager and the chairman of Iceland’s Centre [...] It looks like the Alito, Thomas, and rest of the right-thinking justices on the Supreme Court recognise the fact that in this country good health is not a birth-right – it is a privelage – and a privilege that should only be available to those who are hardworking, wealthy, and smart enough to pay for their own (non-subsidised!) insurance. We should not try and emulate socialist hell-holes like Australia, Canada or [...] The Obama administration has released an economic report that claims everything is coming up roses, and it is making the rounds of the MSM’s news outlets. Truth is, when you look into the numbers, it’s rather easy to come to the conclusion that the economic reports are as screwy as the administration’s employment numbers. In order to convince Americans that his economic measures are working, Obama is claiming there has [...] (Reuters) – Cubans paid almost 20 percent more for food in 2011 as economic reforms, reduced imports and stagnating farm production touched off price inflation at the country’s many produce markets. The National Statistics Office reported on its website (ONE.CU) that meat prices rose 8.7 percent while produce prices were up 24.1 percent, for an average of 19.8 percent. The report was bad news for President Raul Castro, who has been loosening [...] by JR Meanwhile, the sounds of history linger… “For three minutes, four minutes, five minutes, the ‘stormy applause, rising to an ovation,’ continued. But palms were getting sore and raised arms were already aching. And the older people were panting from exhaustion… however, who would dare to be the first to stop? …the applause went on— Nine minutes! Ten! … with make-believe enthusiasm on their faces, looking [...] |
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