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The Latest News about the economy

The economy ebbs and flows, but whether it’s strengthening or weakening, we report on how it affects you.

81,000 More Americans Out of Work in May – Analysis and Graphs

“The jobs recovery has taken a step backward,” – Patrick O’Keefe,  former deputy assistant secretary for the Labor Department. While the Obama administration downplays the seriousness of the May jobs report, drilling into the numbers shows a much bleaker jobs situation and trend than the President would like to admit. A situation even darker for the 81,000 additional Americans that ...

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Throwing Good Money After Bad

The Labor Department reported that the U.S. economy added 69,000 jobs last month, the lowest number since May of last year. Concurrently, the unemployment rate increased for the first time in eleven months. The “official” jobless rate rose to 8.2%. Additionally, it reported that in the past two months 49,000 fewer jobs were created than originally stated. The Bureau of ...

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Open Ceilings Rain Supreme

Is a ceiling a ceiling if you continue sealing another dealing of that ceiling? It is quite misleading and frankly steeling, yielding a revolting feeling. That a ceiling can’t be a ceiling if it’s concealing a faults dichotomy. Faults bottoms have rock limits, but “the sky is the limit” is no economy.

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International Leaders Call For Establishment of a Single World Currency To “Overcome the Economic Crisis”

ASTANA, Kazakhstan, May 21, 2012 /PRNewswire/ — More than 70 experts from 40 countries prepare an Open Letter for G20 countries’ leaders in Kazakhstan. Leaders and former leaders of five states, 11 current and former prime-ministers, 25 current and former ministers and 40 top managers of international organizations, transnational corporations and businesses, 12 Nobel laureates and renowned scientists will gather at the V Astana Economic ...

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Greek Contagion: Run on Banks Accelerating

For weeks, Greek citizens and companies have been pulling money out of Greek banks at alarming rates as fears rise that the island nation will exit the Euro in a chaotic fashion. This week, Spanish banks are seeing record withdrawals signaling that Greece’s failing economy is having disastrous effects in other EU nations. It has been long expected that Greece would exit ...

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Manufacturing Index “Unexpectedly” Contracts

The Federal Reserve bank of Philadelphia released the results of its May Business Outlook Survey. Manufacturers are reporting a shocking reversal in the survey’s measure of current manufacturing activity from 8.5 in April to -5.8 in May. Analysts had expected the activity measure to increase to 10.0 this month, but all of the indications from the Fed survey are that ...

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President Obama is a Far Cry From Being an Angel.

The cover of Newsweek magazine depicts a picture of President Obama with a multicolored halo.  The intent of course is to depict Obama as an angel for his new stand on same sex marriage, which is contrary to his original stand when he first ran for office.  The new approach is an attempt to win votes, but is being played off as ...

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By the People, for the People, Of the People.

Written August 2011 The devastation from Irene caused can now be the center for job creation by the people running this country. As they continue to try to sell the idea that food stamps, welfare, and unemployment all stimulate the economy, hence so does Irene. With that type of logic we should applaud all natural disasters since they are job ...

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From a Woman on the “Women’s Economy”

Dear Mr. President: You held a Forum on Women and the Economy today at the White House, I guess to talk about the women’s economy or something. This forum was just wrong on so many levels. You said that women are not “a special interest group”, but then you host a special interest forum for women..on Good Friday at that, ...

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The End is Near

Welcome to the beginning of the end of the economic recovery. On Tuesday diesel fuel was $4.49 per gallon along interstate route 81 in New York State! The price of fuel is rapidly approaching what Malcolm Gladwell would call the “tipping point”. Diesel fuel hit a peak of $4.72 per gallon in July of 2008. That took a huge toll ...

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Obama’s Got America Singin’ the Blues

Gas prices have doubled under Obama's leadership. Implementing the same policies as Jimmy Carter, the same outcome has resulted. How long until late 70's inflation rears its ugly head due to the failed economic policy of another progressive administration.

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Alarming Number of Americans Unable to Find Jobs in Obama Economy

The Bureau of Labor Statistics, a division of the Department of Labor, released it’s employment situation summary this morning and the news is not as good as the first paragraph suggests. Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the ...

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