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The Truth About the Economy‬‏

The Truth About the Economy‬‏
Related:  Inequality & Statistics

12 Things That The Mainstream Media Is Being Strangely Quiet About Right Now As the mainstream media continues to be obsessed with Anthony Weiner and his bizarre adventures on Twitter, much more serious events are happening around the world that are getting very little attention. In America today, if the mainstream media does not cover something it is almost as if it never happened. Right now, the worst nuclear disaster in human history continues to unfold in Japan , U.S. nuclear facilities are being threatened by flood waters, the U.S. military is bombing Yemen, gigantic cracks in the earth are appearing all over the globe and the largest wildfire in Arizona history is causing immense devastation. In times like these, it is more important than ever to think for ourselves. That is why more Americans than ever are turning to the alternative media. The following are 12 things that the mainstream media is being strangely quiet about right now…. Back on June 7th, there was a fire at Fort Calhoun. But the crisis at Fort Calhoun is not over. Nobody is quite sure yet.

Allemagne : une baisse du chômage… qui inquiète ! Vendredi, 29 Octobre 2010 00:55 Outre-Rhin, le nombre de demandeurs d'emplois est enfin passé sous la barre des 3 millions. Mais cette bonne nouvelle n'a pas l'air de réjouir le gouvernement et le patronat allemands. Lisez plutôt cet incroyable article de L'Expansion, qui explique comment ce qui devrait être une excellente chose n'en est, finalement, pas une... En effet : quand il y a trop de chômage, on fait semblant de le déplorer et on lutte… contre les chômeurs. "Aujourd'hui, écrit L'Expansion, l'Allemagne à peine sortie de la crise s'apprête à enregistrer une croissance de 3,4% pour 2010. C'est une voie sans issue. Le plus scandaleux dans cette histoire est l'irruption de l'ex-chancelier Gerhard Schröder, qui ose la ramener avec son "Agenda de réformes" et son "Plan Hartz" alors qu'il a, en réalité, contribué non seulement à l'appauvrissement mais au déclassement professionnel d'une grande partie de ses concitoyens !

Portraits of the Occupy San Diego movement | On Monday, the Occupy San Diego movement will mark a milestone many locals may not have seen coming: Its first month of occupation. True to the word’s double meaning, camping out on downtown city property has become a job for dozens of demonstrators who protest corporate greed and economic inequality by day, and sleep (or not) outside the Civic Theatre at night. The group has grown smaller and scruffier, and its goals have yet to crystallize since the first march drew 1,500 people on Oct. 7. Occupiers still hold committee meetings and teach-ins during the day and meet as a general assembly (or G.A.) to set ground rules for themselves each night. Ever-present police officers monitor them at rest on a patch of grass off Third Avenue. Each morning, the movement begins anew. Mike Garcia, 48, of La Mesa, drug-abuse counselor Garcia, a mainstay since day one, serves as a liaison with city government. “It took 100 years for the slaves to get civil rights.

World’s Most Prestigious Financial Agency – Called the “Central Banks’ Central Bank” – Slams U.S. Economic Policy The “Central Banks’ Central Bank” Slams the Federal Reserve The central banks’ central bank, the Bank of International Settlements or “BIS” – which is the world’s most prestigious mainstream financial body – has slammed the policy of America’s economic leaders. This is especially dramatic given that the banks own the Federal Reserve, and that the Federal Reserve and other central banks – in turn – own BIS. Economics professor Michael Hudson notes: Paul Krugman has urged the Federal Reserve to simply lend banks an amount equal to their bad loans and negative equity (debts in excess of the market price of assets). For background, see this and this. Too Big Has Failed BIS has also slammed “too big to fail” banks: The report [by BIS] was particularly scathing in its assessment of governments’ attempts to clean up their banks. See this for background. Interest Rates Have Been Kept Too Low BIS has also repeatedly criticized the Fed and other central banks for setting interest rates too low.

Poverty Statistics & Food Insecurity Fact Sheet | Feeding America® Although related, food insecurity and poverty are not the same. Poverty in the United States is only one of many factors associated with food insecurity. In fact, higher unemployment, lower household assets, and certain demographic characteristics also lead to a lack of access to adequate, nutritious food. Read on for national hunger and poverty facts and statistics, or visit Map the Meal Gap for state-specific information. Poverty Statistics in the United States[i] In 2014: 46.7 million people (14.8 percent) were in poverty.15.5 million (21.1 percent) children under the age of 18 were in poverty.4.6 million (10 percent) seniors 65 and older were in poverty.The overall national poverty rate according to the Supplemental Poverty Measure is 15.3 percent, as compared with the official poverty rate of 14.8 percent. Very Low Food Insecurity & Food Insecurity in the US[iv] Use of Charitable Food Assistance and Federal Food Assistance Programs - Make a gift to help shift these statistics

Monsanto blocks research on GMO safety Featured Published on February 14th, 2011 | by Jeremy Bloom Monsanto has been systematically blocking researchers from using its patented gene modified (GMO) seeds to learn if there are problems with them, according to an explosive op-ed in yesterday’s LA Times by Doug Gurian-Sherman of the Union of Concerned Scientists. This doesn’t come as a huge surprise, but it’s encouraging that it’s hitting the mainstream media. Soybeans, corn, cotton and canola — most of the acres planted in these crops in the United States are genetically altered. When Monsanto won a Supreme Court case last year allowing deregulation of their GMO Alfalfa, David Snively, Monsanto’s senior vice president and general counsel, called the decision “important for every American farmer, not just alfalfa growers.” “All growers can rely on the expertise of USDA and trust that future challenges to biotech approvals must now be based on scientific facts, not speculation,” said Snively. -> Next page: Years of abuse

Local "Occupy" protestors pull cash out of big banks SAN DIEGO (CNS) - Occupy San Diego protestors took to the streets Saturday in a "Big Banks Funeral March," in solidarity with National Bank Transfer Day, aimed at encouraging people to switch from large banks to credit unions. As the protest entered its 30th day, about 200 demonstrators were asked to wear black and carry cardboard coffins with bank's names on them, as they marched from the Civic Center to Petco Park, then to a Bank of America branch. The march was held as part of National Bank Transfer Day to "ensure that large banking institutions will always remember the fifth of November," according to a statement from the event's organizers. "If we shift our funds from the for-profit banking institutions in favor of not-for-profit credit unions before this date we will send a clear message that conscious consumers won't support companies with unethical business practices. "People are speaking with their money," Sterling said.

"American Pie in the Sky" by Nouriel Roubini Exit from comment view mode. Click to hide this space NEW YORK – While the risk of a disorderly crisis in the eurozone is well recognized, a more sanguine view of the United States has prevailed. For the last three years, the consensus has been that the US economy was on the verge of a robust and self-sustaining recovery that would restore above-potential growth. That turned out to be wrong, as a painful process of balance-sheet deleveraging – reflecting excessive private-sector debt, and then its carryover to the public sector – implies that the recovery will remain, at best, below-trend for many years to come. Even this year, the consensus got it wrong, expecting a recovery to above-trend annual GDP growth – faster than 3%. The reality is the opposite: for several reasons, growth will slow further in the second half of 2012 and be even lower in 2013 – close to stall speed.

Billionaire Bunkers: Exclusive Look Inside the World's Largest Planned Doomsday Escape - ForbesLife For the very first time, a modern day Noah’s Ark has opened its doors for an exclusive inside look offering up plans for the ultimate Billionaire bunker and doomsday escape. Vivos founder and CEO Robert Vicino announced Vivos Europa One which will be an invitation only, five star, underground survival complex, similar to an underground cruise ship for the elite. Each family will be provided a private 2,500 square foot of floor area, capable of two story improvements for a total of 5,000 square feet of private living quarters. With fit and finish comparable to a mega-yacht, each member family will hire their own architect and contractor to build out their living quarters to the custom standard they desire. The expansive shelter is located in Germany and is one of the most fortified and massive underground survival shelters on Earth. Secured storage tunnel within shelter Fortified entrance to shelter Hospital area in the shelter Community swimming pool Stairway into the foyer

Radioactive tritium leaks found at 48 US nuke sites - US news - Environment BRACEVILLE, Ill. — Radioactive tritium has leaked from three-quarters of U.S. commercial nuclear power sites, often into groundwater from corroded, buried piping, an Associated Press investigation shows. The number and severity of the leaks has been escalating, even as federal regulators extend the licenses of more and more reactors across the nation. Tritium, which is a radioactive form of hydrogen, has leaked from at least 48 of 65 sites, according to U.S. Nuclear Regulatory Commission records reviewed as part of the AP's yearlong examination of safety issues at aging nuclear power plants. Leaks from at least 37 of those facilities contained concentrations exceeding the federal drinking water standard — sometimes at hundreds of times the limit. While most leaks have been found within plant boundaries, some have migrated offsite. At a fourth site, in New Jersey, tritium has leaked into an aquifer and a discharge canal feeding picturesque Barnegat Bay off the Atlantic Ocean.

Balboa Park 2015 agreement endorsed - Less than four years off, planning the centennial of San Diego's 1915 expo in Balboa Park picked up speed Wednesday as a City Council committee endorsed a framework for running what members called a "magnificent" and "terrific" opportunity to boost the economy and remind the world of San Diego's assets. Forwarded to the full council was a memorandum of understanding outlining the responsibilities of the city and the newly formed Balboa Park Celebration nonprofit corporation, assigned to run a year-long party. About $750,000 in tourist taxes and $300,000 from local foundations has been set aside as seed money toward an as-yet unspecified budget with the balance expected to come from sponsorships, admissions, earned income and donations. Any profit from the events is to be set aside for capital improvements in the park. "It's now understood and known that this year is going to have a really magnificent event in Balboa Park," said Councilman Todd Gloria, who represents the park.

The Recovery According to Ed “We are not in a recession” Lazear In Tuesday’s WSJ, Edward Lazear argued that we are now experiencing the “Worst Economic Recovery in History”. Before dissecting this remarkable document, it would behoove the reader to recall that while he was Chair of George W. Bush’s Council of Economic Advisers, he stated unequivocally in May 2008 (also in the pages of the WSJ): “The data are pretty clear that we are not in a recession.” He wrote this less than five months before US GDP took a remarkable dive; in 2008Q4 q/q growth was -8.9 percent SAAR. Was the Slow Recovery Such a Surprise? Lazear writes: Indeed, that was the expectation [that the economy was in rapid catch-up mode and would eventually regain all that had been lost]. After recounting the Reinhart-Rogoff thesis, Lazear essentially dismisses it, apparently in favor of John Taylor’s argument that the crisis was Fed induced. I want to take exception to the argument that the expectation was for a rapid recovery. Why was the increase in unemployment relatively muted?

US Economic Inequality Rises to Highest Levels Since 1928: Why does it Matter? (image produce by Dorsey Shaw; Source: Emmanuel Saez, UC Berkeley) US income inequality is at its greatest for nearly a century and is rising, as the income gap between the bottom 90% and top 1% of Americans reaches its largest since 1928. When compared globally, the US is the second most economically unequal society (behind Chile). But what does economic inequality mean for average Americans? Income inequalities within a developed country result in radically skewed life outcomes, including poorer health, and vastly reduced social mobility. According to research by UC Berkeley, 1928 saw the top 1% of American’s receive 23.9% of all pre-tax income, and the bottom 90% get 50.7%. So what changed? Primarily, the ascendance of neoliberal economic policies put forward by the likes of US neoliberal economist Milton Friedman and the Chicago School, who considered redistributive policies, and other state interference in markets as a barrier to, not bringer of equality. Friedman was wrong.

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