(LibertyBeacon) – Courtesy of the $83 billion auto bailout – on which we are already poised to lose more than $40 billion – the taxpayers are stuck with 26% stock ownership of General Motors (GM). It could get much worse. Read the rest of this entry »

(EconomicCollapse) – When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned.  But the truth is that this is just the beginning.  This is just a very small preview of what is going to happen when we see the collapse of the worldwide derivatives market.  When most Americans think of Wall Street, they think of a bunch of stuffy bankers trading stocks and bonds.  But over the past couple of decades it has evolved into much more than that.  Read the rest of this entry »

(InfoClearingHouse) – What does Labor Day mean anymore other than another day off, another store sale and, in some cities, parades ever smaller and more devoid of passion for elevating the well-being of working people?

Philosopher/mechanic Matthew B. Crawford, in his recent, embracing book, Shop Craft as Soulcraft has a thoughtful consideration. He deflates the high-prestige workplace and makes the case for millions of Americans who still make and fix things with their hands. Read the rest of this entry »

(Infowars) – When you go to your local dentist’s office for a check-up, the first thing they will do is take you to have some x-rays done. During this procedure you are fitted with an x-ray apron to protect your vital organs from harmful radiation released when the image is captured. The radiologist will walk out of the room and activate the machine by a switch located on the other side of the door. This is done because radiation is dangerous, even the small amount used in common dental office imaging. Gamma and x-ray radiation is what’s called ionizing radiation; it penetrates the skin and has the ability to alter the make-up of atoms. Read the rest of this entry »

(NaturalNews) – Chemotherapy is known to come with a long list of side effects — from debilitating nausea and hair loss to extreme fatigue — and in many cases, it does not cure or even stop cancer from progressing. But what if chemotherapy does something no one has realized before during all the decades it has been in use? What if chemo actually encourages cancer to spread throughout the body, the process known as metastasis?

Researchers with the University of Alabama at Birmingham (UAB) Comprehensive Cancer Center and UAB Department of Chemistry have just been awarded a $805,000 grant from the U.S. Department of Defense Breast Cancer Research Program to see if the answer to those questions is “yes”. The study is investigating the very real possibility that dead cancer cells left over after chemotherapy spark cancer to spread to other parts of the body. Read the rest of this entry »

(NaturalNews) – Big Pharma drugs that are being used on humans right now and promoted as potential treatments for Alzheimer’s disease (AD) could cause the very brain damage and memory loss they are supposed to treat. That’s the conclusion of University of California at San Diego (UCSD) scientists who just published their groundbreaking findings in the Proceedings of the National Academy of Sciences. Read the rest of this entry »

(AP) – Obama suggests value-added tax may be an option

President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days. Read More Here

(AP) – Millions face tax increases under Dems budget plan

President Barack Obama’s Democratic allies in the Senate promise to cut the deficit by almost two-thirds over the next five years, but their budget plan could threaten about 30 million people with tax increases averaging $3,700 in 2012 and after because of the alternative minimum tax. Read More Here

(GlobeAndMail) – Canada rejects IMF bank tax plan

‘Canada will not go down the path of excessive, arbitrary or punitive regulation of the financial sector,’ Finance Minister Flaherty says – Read More Here

(DailyMail) – Cameron in benefits threat to the workshy as he declares: ‘The free ride is over’

The message was carried on the first of a new series of posters, featuring the slogan: ‘Let’s cut benefits for those who refuse work.’ Read More Here

(TheEconomicCollapse) – America’s Crumbling Infrastructure

One of the key signs that we are in the early stages of an economic collapse and that we are heading towards another Great Depression is America’s crumbling infrastructure. The truth is that our infrastructure is literally falling apart all around us. Read More Here

(BusinessInsider) – Forget 10% Unemployment, The Real Job Loss Pain Number Is 54%

A March survey from Pew shows just how broad the unemployment pain has been felt. When you hear of 10% unemployment, you might imagine 1/10th of Americans experiencing extreme financial stress from the recent recession.

Yet given the unemployment rate’s odd methodology whereby it drops people who stop looking for work out of the data, and the fact that American households usually have more than one person, the real ‘pain’ number is 54% — over half of American households felt the direct impact of job losses: Read More Here

(ScienceDaily) – The melting of glaciers is well documented, but when looking at the rate at which they have been retreating, a team of international researchers steps back and says not so fast. Read the rest of this entry »

While the rest of the world was out shopping and being happy mindless consumers, We Are Change Colorado and Dr. Len Horowitz and his team held a Vaccine awareness and protest rally at Denver Capital. While we were waiting for others to arrive Dr. Horowitz decided to let a little insight into what he feels about the Cosmos. Very Very interesting conversation for sure! Read the rest of this entry »

(DetroitNews) – The Obama administration will tell Congress Wednesday that it expects to lose about $30 billion of the $82 billion government bailout of the auto industry. Read the rest of this entry »

(CNN) – Agency continues to lose money despite $6 billion in cost-cutting measures, and proposes that it drop Saturday delivery. Read the rest of this entry »

Even as the cataclysmic events of last year fade into memory and most pundits are convinced that the government alone can push the country into prosperity, if it only wasn’t for that pesky unemployment number that just refuses to cooperate, yet another comparison with the Great Depression emerges, Read the rest of this entry »

(BusinessInsider) – At the FT, economist Thomas Palley goes metaphor crazy arguing that we’re heading for a double dip, and that the possibility of a Second Great Depression should not be written off. Read the rest of this entry »

America is suffering a permanent destruction of jobs.
JPMorgan Chase’s Chief Economist Bruce Kasman told Bloomberg:

[We've had a] permanent destruction of hundreds of thousands of jobs in industries from housing to finance.

Read the rest of this entry »

(NaturalNews) – The aspartame horror began in 1981 due to Donald Rumsfeld, as head of the G.D. Searle pharmaceutical company, when he used his political clout to put a known carcinogen on the market to poison a nation all in the name of money. Read the rest of this entry »

Many people seem genuinely baffled that western governments are hyping the arrival of a swine flu pandemic as if it’s the greatest threat to humanity since the bubonic plague, despite the relatively low number of deaths from the virus, unaware that the pharmaceutical industry has been intimately joined at the hip with the state for decades. Read the rest of this entry »

During the depths of the Great Depression, the loss rate which banks suffered on their loans climbed as high as 3.4% (it is normally well under 2.0%).

Last month, banking analyst Mike Mayo predicted that loan loss rates could go as high as 5.5%, which is substantially higher than during the 1930s. Read the rest of this entry »

During the depths of the Great Depression, the loss rate which banks suffered on their loans climbed as high as 3.4% (it is normally well under 2.0%).

Last month, banking analyst Mike Mayo predicted that loan loss rates could go as high as 5.5%, which is substantially higher than during the 1930s. Read the rest of this entry »

Some bleak predictions from Morgan Stanley this morning including the forecast that UK profits could fall by 60% in the current downturn – a worse performance than the great depression of the 1930s. Read the rest of this entry »

WASHINGTON (MarketWatch) — The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years.
“Pink slips continue to fly,” said Meny Grauman, an economist for CIBC World Markets. Read the rest of this entry »