Survive The Depression

US financial overhaul nearly over

admin — Sat, 31 Jul 2010 03:40:17 +0000

Wall Street and US banks may have laws imposed over them so govt watchdogs can look for risky behaviour.

Americans more risk averse, worried: Merrill

admin — Sat, 31 Jul 2010 03:40:15 +0000

Reuters/New York More Americans are losing sleep over money matters, such as saving enough for retirement, and half say their appetite for risk has diminished, according to a survey by Merrill Lynch.

Melissa Silverstein: Interview with Sandra Nettlebeck: Writer/Director of Helen

admin — Sat, 31 Jul 2010 03:40:14 +0000

I didn’t really know much about Helen (except that it was going to be released this summer) until I got an email from Sandra Nettlebeck,…

Recession was Deeper Than Gov’t Previously Thought

admin — Sat, 31 Jul 2010 03:40:13 +0000

WASHINGTON (AP) The recession was deeper than the government previously thought.The Commerce Department, in revisions issued Friday, estimates the e…

US economy: Growth slows to 2.4% as consumer spending decelerates

admin — Sat, 31 Jul 2010 03:40:12 +0000

The US economy slowed in the second quarter as a scarcity of jobs eroded consumer spending, leaving the rebound dependent on a surge in business investment.

President Obama on Health Care Reform at the AMA

admin — Fri, 30 Jul 2010 18:45:15 +0000

The President gives his most extensive remarks to date detailing his vision for health care reform to the American Medical Association in Chicago. June 15, 2009. (Public domain)

Duration : 0:55:10

[youtube TTFzVY9qyQc]

Ron Paul: Obama Stimulus Package Will Turn Recession Into Depression

admin — Fri, 30 Jul 2010 18:45:10 +0000

The Congressman also appeared on MSNBC this morning to discuss the same issue.

One commentator suggested that Paul’s analysis was misguided because “The house is already on fire” and something must be done to put it out.

“You are correct, the house is on fire,” Paul fired back, “and you think you’re putting water on it, but I think you are pouring kerosene on it.” he added.

“We got into this mess by spending too much, borrowing too much and inflating too much. Government was too big and we had too many regulations. We had rejected the market economy for decades, we have rejected the notion of sound money for decades, and we got into a mess this way. So what is the proposal? Spend more money, borrow more money, print more money, regulate more, it makes no sense whatsoever.” Paul asserted.

The Congressman suggested that a more sound approach to the crisis would be to abolish income tax and business tax to get Americans spending, whilst simultaneously cutting overseas spending to cover revenue losses.

“But the problem is no one wants to cut the American Empire,” Paul explained.

“Even Obama’s administration wants to increase spending overseas and increase military spending. As long as you want to run the world empire at a trillion dollars a year, believe me you cannot solve this problem.” he added.

Duration : 0:9:58

[youtube Ue8RzGoVHsg]

McKelvey Says Housing Won’t Lead U.S. Economic Recovery: Video

admin — Fri, 30 Jul 2010 18:45:07 +0000

July 26 (Bloomberg) — Edward McKelvey, senior U.S. economist at Goldman Sachs Group Inc., talks about the outlook for the U.S. housing market and economy.
McKelvey speaks with Carol Massar on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

Duration : 0:4:15

[youtube wsGvUQILz-k]

Hedge funds and the true cost of vulture capitalism

admin — Wed, 28 Jul 2010 00:36:00 +0000

A single commodity trader in London hit the headlines this month when he snapped up 7 percent of the worlds entire cocoa bean production. His actions drove the price to its highest level in more than three decades.

Crowds are down – but not by much

admin — Wed, 28 Jul 2010 00:35:57 +0000

CHAMPIONSHIP 2010 ATTENDANCES:THE GAA has expressed satisfaction with championship attendances to date. Despite what has been a challenging year with the competing attraction of the Fifa World Cup in June and the inevitable impact of the economic depression, global figures (provincial championships, All-Ireland qualifiers and All-Ireland hurling quarter-finals) show an overall drop of just two …