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Chinese services saw their worst growth in two years The HSBC China Services Business Activity Index declined to 51.1 in April from 54.3 in March, the lowest level since August 2011. From Markit: HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled an expansion of output for the eighth consecutive month in April. However, the HSBC China Composite Output Index signalled only a marginal rate of growth, posting at 51.1. This was down from [...] from Sovereign Man: Surprise, surprise… the completely insolvent US government has yet another idea to raise revenue in the Land of the Free: a new tax! The Marketplace Fairness Act was introduced some time ago, and we’ve discussed it before. But it’s now being rushed through Congress as quickly as possible. It’s aim? To collect sales tax for online transactions. And in addition to being financially debilitating, the bill is also a bureaucratic nightmare. Just [...] Government Spending Per Household Exceeds Median Household Income As reported in my new book, “Completely Predictable,” the combined spending of federal, state and local governments per American household actually exceeded the median household income for 2010, which is the latest year for which all relevant government data are available. In fiscal 2010, according to numbers published by the Census Bureau and the Office of Management and Budget (OMB), net spending by all [...] Casey Research: An update on the coming “bond market crash” This Ponzi scheme is getting ready to explode… From Bud Conrad, Chief Economist, Casey Research: It is my contention that the 70-year debt supercycle has come to an end. To put the current financial situation in perspective, here’s a long-term history of the debt-to-GDP ratio, which reached a record high at the beginning of the current crisis. It was a dramatic change in 2009, [...] Mac Slavo
Budget cuts across the country have stripped local police departments of personnel at an alarming rate. So much so that Americans from coast-to-coast are now being forced to fend for themselves. Our latest example comes from East Oakland’s Arcadia Park, where law and order have broken down to such an extent that residents have been been left with no other choice but to band together to police their own [...]
600,000 food stamp recipients will be cut from program 700,000 jobs are expected to be lost http://www.globalresearch.ca/austerity-usa-begins-march-1st-bipartisan-project-to-impoverish-the-american-people/5324180
Hard Budget Realities as Agencies Prepare to Detail Reductions WASHINGTON — In the first week of March, a laid-off person living on $300 a week in unemployment benefits [...] There are less than two days to go before states have to decide whether they will go it alone or partner with the White House to set up Obamacare health insurance exchanges. Half of the states have already decided to let the federal government build the new online insurance marketplace for them, while a handful will work with the Department of Health and Human Services and handle limited parts of the [...] by Michael Should we all quit working and jump on board the Obama gravy train? Of course I am being facetious, but when you are barely surviving does there come a point when it just becomes easier to give up and totally rely on the government? Today, the federal government runs nearly 80 different means-tested welfare programs, and many state and local governments have their own welfare programs on top of [...] On his Friday radio show, conservative talker and Fox News host Sean Hannity warned that the United States may fall apart if tax rates remain high. “The states are now fighting and battling against their own federal government,” Hannity said. ”Same thing with individuals. If you live in a state like New York, New Jersey, California [or] one of these high-tax states [where] 60-plus cents of every dollar goes to taxes, you’ll say, ‘What the hell [...] In 2013 in Illinois, motorcyclists will be able to “proceed through a red light if the light fails to change.” In Kentucky, releasing feral or wild hogs into the wild will be prohibited. And inFlorida, swamp buggies will not legally be considered motor vehicles. On Jan. 1, as crowds of people toast to a new year, more than 400 news laws across the country will take effect — and possibly improve [...] State and local governments are in desperate need of cash for all manner of road, building and bridge repair, and are increasingly turning to private money for funding. But the involvement of private investors is raising concerns over how much control the public may lose over its roadways. Companies putting up the money include construction and engineering firms like Bechtel and Samsung, and big banks like Goldman Sachs (GS, Fortune 500) and Merrill Lynch that aim [...] from guardian.co.uk: Overwhelming majorities in the UK and other western European countries believe Palestinians should have their own state and want their governments to vote for recognition of Palestine at the United Nations at the end of the month, according to latest polls. Among Britons questioned, 72% said the Palestinians had a right to statehood, against only 6% who disagreed. When it came to the British vote on recognition at the UN general assembly [...] Keely Brazil Divided government still rules in the nation’s capital after Tuesday’s vote, but unity is increasingly the name of the game in Annapolis, Topeka, Concord, Little Rock and other capital cities. In a little-noticed footnote to the elections, votes to fill legislative seats produced the highest number of states with one-party rule in 60 years. Democrats or Republicans now have sole control of the governorship and both legislative chambers [...] Divided government still rules in the nation’s capital after last week’s Tuesday’s vote, but unity is increasingly the name of the game in cities such as Annapolis, Topeka, Concord and Little Rock. In a little-noticed footnote to last week’s election, state legislature elections this year have produced the highest number of states with one-party rule in 60 years. Democrats or Republicans now have sole control of the governorship and both legislative chambers [...] Advocates of spending cuts frequently argue that in order to ensure long-term economic health, the US needs to “take some pain” right now and reap the benefits later on. Partly this is due to the idea that too much debt acts as a gigantic weight on the economy going forward. Part of this thinking is just due to a general moral view that suffering is a good thing that will [...] As a Catholic who works in the trade association profession in the auto industry it was unsettling to hear President Obama claim that he saved the auto industry. President Obama closed over 2,200 auto dealerships, which caused the losses of decades old family-owned businesses and over 120,000 jobs they provided. The closures were allowed to happen under the false notion that auto dealerships were an expense on their auto maker. [...] Susanne Posel In 2010, the US Army’s Operating Concept 2016-2028 was published and explains how armed forces in the US and overseas will behave in the future. Specific tactical operations, special “theater”, and organized forces are outlined along with the capabilities and priorities of the US armed divisions. In simple terms: a full spectrum operations manual that details stratagems both domestic and foreign. Presidential administrativeNational Security Strategy documents explain how to defend the Republic [...] Susanne Posel In 2010, the US Army’s Operating Concept 2016-2028 was published and explains how armed forces in the US and overseas will behave in the future. Specific tactical operations, special “theater”, and organized forces are outlined along with the capabilities and priorities of the US armed divisions. In simple terms: a full spectrum operations manual that details stratagems both domestic and foreign. Presidential administrativeNational Security Strategy documents explain how to defend the Republic [...] U.S. public pensions are $4.6 trillion short of the amount of assets needed to cover projected liabilities, an advocacy group said. That’s more than twice what Moody’s Investors Service estimated this month. The average plan is 41 percent funded, State Budget Solutions said in a report today. The Alexandria, Virginia, group’s partners include the American Legislative Exchange Council, which advocates “conservative public policy solutions,” the Freedom Foundation and the State Policy [...] Online retailers are coming under fire from Washington and state governments for not collecting sales tax from customers who purchase goods and services through websites such as Amazon and eBay. The tax itself is not new. The only difference is that online retailers could soon be required to collect it — just like their traditional bricks-and-mortar peers — instead of trusting customers to pay it on their own to the state, which is a [...] new report says wealthy Maryland residents may be moving out due to recent tax hikes – a finding that is sure to escalate the battle over taxing the American rich. The study, by the anti-tax group Change Maryland, says that a net 31,000 residents left the state between 2007 and 2010, the tenure of a “millionaire’s tax” pushed through by Gov. Martin O’Malley. The tax, which expired in 2010, in imposed [...] GlaxoSmithKline Plc has agreed to plead guilty to misdemeanor criminal charges and pay $3 billion to settle the largest case of healthcare fraud in U.S. history. The Justice Department says the company plead guilty to promoting two popular drugs for unapproved uses and to failing to report important safety data about a diabetes drug to the Food and Drug Administration. Prosecutors say GSK encouraged use of Paxil for children although it was [...] The acute global economic crisis today is the direct result of the continued wilful obstruction and overriding of the normal checks and balances that should operate within a capitalistic system of commerce. This interference has been perpretated by powerful banks and governments acting in collusion, for reasons of profit and power. At every instance in recent years when it looked like the economy was slipping into a necessary recession they [...] President Obama’s claim Friday that “the private sector is doing fine” sparked a firestorm of attacks from Republicans and prompted a quick retraction, of sorts, from Obama, who later said “it is absolutely clear that the economy is not doing fine.” But what has gone largely unnoticed was Obama’s complaint that it’s the government that’s hurting these days. “Where we’re seeing weaknesses in our economy,” he said Friday, “have to do [...] |
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Mayor Bloomberg’s soda ban will cause New Yorkers to poison themselves with more aspartame
Mike Adams
Natural News
Sept 14, 2012
Ah, the hilarity of the nanny state knows no bounds, it seems. Especially not in New York City, where Mayor Bloomberg oversaw a large-sized soda ban that just became law. The really hilarious part of the law? It does not apply to aspartame-laced “diet sodas” which, by any honest measure, are far more toxic to your health than regular sodas made with HFCS.
HFCS may cause diabetes and obesity, [...]