Several big corporations who make products from soap to diapers, say they must pass on the higher prices they’ve been paying for raw materials.
“I don’t want to get into shoulda, coulda, woulda; but if you step back, if we didn’t have $1.8 billion in commodity cost increases this year, we would have […] Continue Reading…
“Why wasn’t the Fed providing these same sweetheart deals to the American people? The Fed was practicing socialism for the rich, powerful and the connected, while the federal government was promoting rugged individualism to everyone else.”-Warren Gunnels, adviser to Senator Bernie Sanders
The Federal Reserve is a privately run bank. It operates […] Continue Reading…
The Commodities Market “…is sending us the mother of all price signals. The prices of all important commodities except oil declined for 100 years until 2002, by an average of 70%. From 2002 until now, this entire decline was erased by a bigger price surge than occurred during World War II.”-Jeremy […] Continue Reading…
Despite years of denial, the Federal Reserve ( a privately run bank) is now saying inflation is a concern: “If we are going to have success in creating a long-run sustainable recovery with lots of job growth, we have to keep inflation under control.”-Ben Bernanke, Federal Reserve Chairman
The problem is so […] Continue Reading…
Job analysts were shocked Thursday, April 28, when the weekly first time unemployment claims jumped by 25,000.
“This is a major disappointment because it’s another move in the wrong direction. This is more than just a misstep for the job market. It’s a signal that the robust job growth we’ve seen recently is poised […] Continue Reading…
“Purchases are really dropping off by the end of the month even more than last year. This end-of-month [purchases] cycle is growing to be a concern.”-Mike Duke, CEO WalMart
WalMart executives are doubting claims of an economic recovery, because their sales are down.
Most WalMart shoppers are low income workers who live paycheck to […] Continue Reading…
At least 300 people have been reported killed from Wednesday’s (April 27) tornado strikes that hit the south east.
The latest tornadic outburst hit six states, the unofficial number is 151 tornadoes. TV news weathermen are saying it could be the most devastating one day tornado event in U.S. history.
They also think when the official […] Continue Reading…
The U.S. Treasury Department’s Office of Foreign Assets Control is going to use a loophole in the sanctions against Libya, to oversee oil sales by the rebels.
That means the U.S. will be directly involved in all oil deals will the Libyan rebels.
This is on top of the $25 million in aid Obama is sending, […] Continue Reading…
“Washington is all for invading Libya and is putting more and more pressure to intervene in Syria because we want to… clear China and Russia out of the Mediterranean.”
“Those two countries are just in the way of American hegemony in the Mediterranean and certainly the Americans do not want […] Continue Reading…
The United Nations Security Council failed to come up with a plan against Syria, in part because Russia is taking a strong pro-Syria stand.
In regards to Libya, Russia abstained from voting, but now thinks that was a mistake, and won’t let it happen in regards to Syria.
Lebanon also sided with Syria. China and India […] Continue Reading…