Feeds:
Posts
Comments

Archive for the ‘economics’ Category


Listed below are the 8 billionaires along with their estimated wealth, which combined equals $426.2 billion.

Bill Gates – $75 b
Amancio Ortega – $67 b
Warren Buffett – $60.8 b
Carlos Slim Helu – $50 b
Jeff Bezos – $45.2 b
Mark Zuckerberg – $44.6 b
Larry Ellison – $43.6 b
Michael Bllomberg – $40 b

MORE HERE

Read Full Post »


just_8_men_own_same_wealth_as_half_the_world_wide_image

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.

New and better data on the distribution of global wealth – particularly in India and China – indicates that the poorest half of the world has less wealth than had been previously thought. Had this new data been available last year, it would have shown that nine billionaires owned the same wealth as the poorest half of the planet, and not 62, as Oxfam calculated at the time.

MORE HERE

Read Full Post »


‘The United States is increasing airdrops of weapons, ammunition and other equipment to foreign-backed militant forces in the northeastern Syrian city of Raqqah, according to a report.

“Our expanded precision airdrop capability is helping ground forces take the offensive to (Daesh) and efforts to retake Raqqah,” Gen. Carlton Everhart, commander of the US Air Force’s Air Mobility Command, was quoted by USA Today as saying.

The Air Force carried out a total of 16 airdrop missions in Syria last year; six of those were in December alone, the report said.

Officials say the airdrops are meant to boost the capabilities of militants who do not have extensive ground supply lines in a hostile environment. Raqqah is Daesh’s self-proclaimed “capital.” The terrorist group took over the city in March 2013.’

Read more: US increasing airdrops of arms supplies to militants in Syria: Report

Read Full Post »


The Dervaes family grows over 400
species of plants, 4,300 pounds of
vegetable food, 900 chicken and
1,000 duck eggs, 25 lbs of honey,
plus seasonal fruits throughout
the year.

All on 1/10 acre in the middle of
Los Angeles.

Video (8:39):

http://www.therealfoodchannel.com/page/21979.html

Read Full Post »


Something remains very broken with the US labor market: while the unemployment rate remains just shy of the lowest print since August 2007, rising fractionally to 4.7%, wage growth for most workers, as reported earlier, rose just 2.5%, far below the 4.0% it was when the unemployment rate last hit 4.7%.

This continues to vex economists who have vowed that if only one lowers the unemployment rate far enough, all the slack in the labor market will be soaked up. Alas, that is not happening, for several reasons, the chief of which is that the quality of jobs added remains subpar, with wage growth – especially for less than “supervisory” and management positions – flat.

MORE HERE


Support us, Help Cover Equipment and Hosting Costs. We accept donations of any amount through PayPal. Our competition is the major mainstream media giants.

DONATE NOW

…………………………………………………

Read Full Post »


El Monte, California is a city of roughly 100,000 residents in East Los Angeles, many of whom struggle to make ends meet with a median household income of ~$39,000 and nearly 25% of people living below the poverty line.  But while most of the people of El Monte struggle to meet monthly expenses, the city’s public employees are living the high life courtesy of one of the most egregious taxpayer funded pension plans in the country.  Just ask the retired City Manager, James Mussenden, who told the LA Times that he gets paid $216,000 per year in retirement to tour the world on extravagant golf trips.

The retired city manager of El Monte collects more than $216,000 a year, plus cost-of-living increases and fully paid health insurance.

 

“It’s giving me an opportunity to do a number of things I didn’t get to do when I was younger, like travel to Europe, take some things off my bucket list,” Mussenden, 66, said recently. He even flew to Scotland to play the famed Old Course at St. Andrews, a mecca for golf enthusiasts.

 

Mussenden recognizes that few Americans have pensions anymore — least of all the El Monte taxpayers who are funding his retirement. So while he enjoys his monthly retirement check, he’s discreet about it.

 

“The guys I play golf with, they get very angry about my pension because they don’t have anything like it,” he said.

MORE HERE

Read Full Post »


Just yesterday homebuilders raged hard about how awesome everything was – sending their optimism index to its highest since the previous peak in 2005. It seems they are all talk and no action as November’s data for housing starts and permits collapsed (following the trajectory of mortgage apps).

Housing Starts crashed 18.7% MoM – near the biggest monthly plunge since the crisis peak in 2005.

MORE HERE

Read Full Post »


SUPPORT THE INTERNET POST HERE

‘It happens more often than you can imagine, but more doctors are finally getting caught in the act of misrepresenting their oath and fraudulently diagnosing healthy patients with cancer to turn a quick buck from kickbacks on chemotherapy poisons.

Why shouldn’t Doctors lie when the entire cancer industry is one gigantic fabrication from start to finish?

Is it any wonder that cancer societies worldwide put a far greater financial initiative on chemotherapy and radiation research than disease prevention techniques? Preventing disease doesn’t make money, but treating disease certainly does.’

Read more: More Doctors Confessing To Intentionally Diagnosing Healthy People With Cancer To Make Money

Read Full Post »


SUPPORT THE INTERNET POST HERE

‘The United States, despite often advertising itself as the world’s “most developed” nation, has a major problem with homelessness, with approximately 3.5 million currently living with no place to call home. Even though vacant houses outnumber the nation’s homeless by more than five to one, most of them end up sleeping in public places or out in the street.

In cities around the country, the homeless are frequently criminalized as are those who offer them food and other forms of human kindness.

Despite the widespread maltreatment of the homeless, judges in San Francisco have been dismissing thousands upon thousands of arrest warrants targeting the homeless because “it was the right thing to do.”’

Read more: San Francisco Judges Dismiss 66,000 Arrest Warrants Against The City’s Homeless

Read Full Post »


| 07 Dec 2016 | The…media delivered the false news, not from Russian propaganda websites such as the Washington Post accuses this one of being, but from Obama’s US Bureau of Labor Statistics. The false news is that the collapsing economy continues to boom with 178,000 new jobs in November and a further fall in the rate of unemployment to 4.6%…The facts are that November produced only 9,000 full time jobs, an improvement over the previous month when full time employment declined by 103,000 jobs–another fact that you did not hear about from the [media].

Dismal Jobs Report

Read Full Post »


Global financial repression picks up steam, led by India. After declaring large denomination notes illegal, India now targets gold.

It’s not just gold bars or bullion. The government has raided houses, no questions asked, confiscating jewelry.

For background to this article, please see my November 27 article Cash Chaos in India, 86% of Money in Circulation Withdrawn; Cash Still King in Japan.

Large denomination means 500-rupee ($7.30) and 1,000-rupee notes ($14.60), which account for more than 85 percent of the money supply. They are no longer legal tender, effective immediately.

As one might imagine, chaos ensued. And it continues.

India Confiscates Gold

india-gold

MORE HERE

Read Full Post »


On Wednesday the BLS reported Janet Yellen’s favorite labor market indicator, the JOLTS survey, which as expected (since it tracked the modestly weaker October payrolls) showed that in October, the number of job opening dropped from the upward revised September print 5.631 million to 5.534 million, down some 97,000, if modestly better than the 5.5 million expected.  The number of job openings declined to a series low in July 2009, one month after the official end of the most recent recession. Employment continued to decline after the end of the recession, reaching a low point in February 2010.

MORE HERE

Read Full Post »


‘The Pentagon had the opportunity to save $125 billion by streamlining its bureaucracy, but instead chose to bury the study in order to avoid losing funding from Congress, a Washington Post report reveals.

A Defense Department study from January 2015 showed the Pentagon exactly how to save $125 billion in bureaucratic waste. Instead of following through on the “clear path,” the Pentagon decided to bury the report so as to not risk Congress cutting its budget, according to a report from the Washington Post on Monday.’

Read more: $125billion down the drain: Pentagon learns how to save billions, decides against it – report

…………………………………………………………………….

Beprepared.com (Homepage)

Read Full Post »


‘In an overwhelming 375-34 vote, the House of Representatives today passed a massive $611 new military spending bill. Though presented as the National Defense Authorization Act for 2017, the bill is only a portion of what the US will ultimately spend on the military in fiscal 2017.

The bill includes bans on any closure of any military bases by the Pentagon, once again rejecting calls by the military leadership to get rid of costly, unwanted bases, and also forbids the closure of the detention center at Guantanamo Bay. It also forbids the Pentagon from going through with a plan to reduce the number of active duty soldiers.’

Read more: House Passes Massive $611 Billion New Military Spending Bill (Preparing for a new era of ‘peace’, right?)

Read Full Post »


Defying all odds, OPEC provisionally reached the much-hyped agreement to cut output in a bid to boost oil prices. According to an OPEC delegate quoted by Bloomberg News, the ministerial meeting in Vienna has just reached a deal to cut output by 1.2 million barrels per day to 32.5 million barrels per day.

MORE HERE

Read Full Post »

Older Posts »

%d bloggers like this: