Tag: Economy
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geithner says US insolvent
from lew rockwell: The U.S. government is insolvent. Who says so? Timothy F. Geithner, the U.S. Secretary of the Treasury. Geithner sent a letter to Congress on Jan. 6, 2011 asking for the debt limit to be raised. If it is not raised, he warned, the U.S. will default on its debt. In his words:…
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1/6 binge & purge: food banks, no-bids & drinkify-ing
millions in US heading to foodbanks for first time* usda certified organic’s dirty little secret: neotame, from the makers of aspartame* food supply company, employing fmr head of defense contracting agency, wins $4b no-bid contract* pepsi puts an end to chewing by ‘drinkifying’ food* another reason fast food makes you fat & sick: fluoride in…
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american cities that are running out of people
from 24/7 wall st.: The population of the United States has increased steadily by roughly 2.5 million people every year since World War II. Throughout prosperity and hard times, Americans continue to have families. Many of the country’s regions have expanded to accommodate this population increase. Some cities have grown faster than others as the…
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1,000+ layoffs possible after a&p bankruptcy
from press of atlantic city: More than 1,000 workers at a grocery distributor in New Jersey could lose their jobs in February in the wake of a bankruptcy filing by supermarket giant A&P. Officials with Woodbridge Logistics say they filed notice earlier this month with state regulators warning that it may have to shut down…
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econocrash updates: the audacity of austerity
audacity of ‘austerity,’ word of the year* unhappy birthday for the federal reserve* ultra-thin circuits in banknotes could give electronic security to paper currency* as wikileaks prepares for bank exposure, federal regulators cringe* overstock adds rico allegations to ongoing lawsuit vs goldman & merrill* flashback: interview w/ overstock’s ceo* dutch consider outlawing call for bank…
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Media Monarchy Episode199 w/Tracy Twyman on ‘The Alchemy of Money’
“It’s the true believers that crash & burn” on the 199th episode of Media Monarchy w/ black magic money, mercury fillings & serial killings – newspurge suicides & deathbed conversions + an in-studio interview w/ Tracy Twyman on ‘the alchemy of money’ & the “connections between economics & ghastly rituals from the past that include…
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grocer a&p files for chapter 11 reorganization
from ap: The Great Atlantic & Pacific Tea Co., once the nation’s largest grocer, filed for Chapter 11 bankruptcy protection Sunday after years of struggling with enormous debt and rising competition from low-priced peers. The 151-year-old company, based in Montvale, N.J., operates 395 stores around the Northeast under the A&P, Waldbaum’s, The Food Emporium, Super…
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the fed has a $110 billion problem with new benjamins
billion new $100 bills quarantined in huge vaults in tx & dc from cnbc: A significant production problem with new high-tech $100 bills has caused government printers to shut down production of the new notes and to quarantine more than one billion of the bills in huge vaults in Fort Worth, Texas and Washington, DC,…
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12/2 Newspurge: Watch Us Explode
Econocrash Updates: Iceland faring better than Ireland after letting banks fail* Fed employee pay freeze proposed to control deficit* Unemployment checks to 2m will stop without action* New data: foreign banks biggest recipients of fed money* Fed wants to strip a key protection for homeowners* 100s line up in Atlanta cold for help heating homes*…
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11/25 newspurge: the elite bleat, they’re obsolete
national ransom: celebrating the genocide of native americans 9/11 updates: thinktank: 92% of afghans never heard of 9/11* most 9/11 workers settle over toxic ash* 7/7 tube driver told blasts were ‘only a power surge’ as he pleaded for help* biowars/envirohealth: gulf oil spill recovery exec dead in plane crash* US scientists significantly more likely…
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korean crisis escalates grand chessboard tension
north korea attack may be response to drills from danger room: It’s not the diplomacy-minded former president who is ready to spy, it’s the secretive nuclear submarine named for him. The surveillance and attack capabilities it’s supposed to have could keep the tense situation on the Korean peninsula from spiraling out of control. In the…
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Killing JPMorgan With Silver Bullets
Mike Krieger and Max Keiser have an idea for attacking the weak underbelly of the seemingly invincible too big to fail banks: If everyone buys just 1 ounce of silver, it will force JP Morgan to cover its short positions, and drive it out of business.
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1 in 7 US Homes Hit By Hunger; Numbers Nearly Doubling
The number of U.S. households that reported getting emergency food from a food pantry almost doubled between 2007 and 2009, at the height of the recession, a government report said on Monday.

