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    • Perth Mint suspends orders amid rush to buy bullion November 22, 2008
      Source: The Australian FEARS of the unknown long-term effects from the global financial crisis have sparked a new gold rush. With retail and wholesale clients around the world stocking up on the precious metal, the Perth Mint has been forced to suspend orders. As the World Gold Council reported that the dollar demand for gold reached a quarterly [...] Related posts:Wealthy investors hoard bullion The wealthy are taking steps to preserve their wealth, but...U.S. Sept. factory orders down sharply for second month Source: MarketWatchU.S. and foreign businesses sharply cut back their demand...Home Sales, Durables Orders Probably Fell: U.S. Economy Preview Full article at: Bloomberg.comHome sales in the U.S. probably declined...
    • The Community Bank closed, 20th failure of the year November 21, 2008
      Source: MarketWatch Loganville, Ga.-based The Community Bank has been closed by regulators, the Federal Deposit Insurance Corporation said late Friday, marking the 20th bank failure of the year amid the ongoing financial crisis. All of The Community Bank’s deposits have been transferred to Tappahannock, Va.-based Bank of Essex, the FDIC said. The Community Bank had total [...] Related posts:Alpha Bank & Trust becomes 16th bank failure of year Source: MarketWatchThe Federal Deposit Insurance Corporation said late Friday that...Integrity Bank Becomes 10th U.S. Failure This Year Source: Bloomberg.comIntegrity Bank of Alpharetta, Georgia, was closed by U.S....Main Street Bank of Northville, Mich. fails, 14th of year Source: MarketWatchMain Street Bank of Northville, Mich. became the 14th...
    • California unemployment jumps to 8.2%, third-highest in the U.S. November 21, 2008
      Source: Los Angeles Times Reporting from Los Angeles and Sacramento — California’s unemployment rate rose dramatically in October to 8.2%, its highest level in 14 years, the state Employment Development Department reported today. The figures were released at the same time that President George W. Bush signed into law a $6-billion extension of unemployment benefits that provides [...] Related posts:Unemployment rate highest in more than 4-1/2 years Source: reuters.com The U.S. unemployment rate unexpectedly shot up to...Initial jobless claims top 500,000, highest in over seven years Source: MarketWatchFirst-time filings for state unemployment benefits hit their highest...U.S. Economy: Unemployment Rate Increases to Four-Year High Source: Bloomberg.comThe U.S. unemployment rate rose to the highest level...
    • FAO chief appeals for new world agricultural order November 21, 2008
      Source: People’s Daily Online The UN Food and Agriculture Organization (FAO) Director-General Jacques Diouf on Wednesday appealed to world leaders to meet together next year to design a new agricultural order and find 30 billion U.S. dollars a year to eradicate hunger from the Earth once and for all. Addressing a special session of the FAO’s 191-member-nation [...] Related posts:World Bank chief urges G8 to act now as “world entering danger zone” Via: XinhuaWorld Bank President Robert B. Zoellick has called on...Famine looms: World faces high food prices for ‘years to come’ And I looked, and behold, a pale horse! And its...Food riots to worsen without global actions Developed countries will be next.From Reuters Food riots in developing...
    • Treasuries Fall, Eroding Biggest Weekly Gain Since 1987 Crash November 21, 2008
      Source: Bloomberg.com Treasuries fell and yields climbed from record lows as speculation Citigroup Inc. may sell part or all of itself prompted a rebound in global stocks, easing demand for the safety of U.S. government debt. Benchmark 10-year notes are still headed for their biggest weekly gain since the stock market crash of 1987, as deflation [...] Related posts:Nikkei plunges 9.6 pct, biggest one-day fall since ‘87 Crash Source: ReutersJapan's Nikkei share average plunged 9.6 percent on Friday...Gold prices post biggest 1-day gain ever Source: The Associated PressGold prices exploded Wednesday — posting the...U.S. Stocks Fall, Led by Biggest Drop in Financials Since From: Bloomberg.comU.S. stocks fell, sending financial shares to their biggest...
    • Central bankers wary of deflation November 21, 2008
      Source: Reuters Euro zone demand is plunging and price pressures vanishing, business surveys showed on Friday, while central bankers weighed the bleak prospect of deflation. The Bank of Japan left its key interest rate at just 0.3 percent and said there would be a long road to recovery. The United States, Britain and Europe are expected to ease [...] Related posts:Deflation creeps up on Japan Source: ReutersJapan is bracing for another spell of deflation next...Asian central banks cut interest rates Source: FT.comAsian central banks on Thursday joined their western counterparts...Consumer Prices Fall, Raising Deflation Danger Source: Bloomberg.com The cost of living in the U.S. fell...
    • Fear stalks the world’s economies November 21, 2008
      Source: FT.com Fears of a severe recession gripped financial markets on Thursday as dire US unemployment figures helped drive long-term interest rates to record lows. Economic news across the world was almost uniformly bad as slumping Japanese exports threatened to push the economy deeper into recession and the Swiss central bank unexpectedly slashed interest rates by [...] Related posts:U.S. to pump $250 bln into banks, economies struggle Source: ReutersThe United States pledged on Tuesday to pump $250...Fear of further bank losses weigh on Wall Street Source: FT.comWall Street stocks fell for the first time in...Asian central banks cut interest rates Source: FT.comAsian central banks on Thursday joined their western counterparts...
    • Deflation creeps up on Japan November 21, 2008
      Source: Reuters Japan is bracing for another spell of deflation next year, but chances are price declines will be less protracted and damaging than the last, decade-long run. Falling prices may be good for consumers, but if the declines persist they discourage spending — why buy anything now if one can get it cheaper later? That cripples [...] Related posts:Central bankers wary of deflation Source: ReutersEuro zone demand is plunging and price pressures vanishing,...Consumer Prices Fall, Raising Deflation Danger Source: Bloomberg.com The cost of living in the U.S. fell...Japan slips into recession Source: FT.com The Japanese economy entered its first recession in...
    • Agencies strain to help influx of families in need November 20, 2008
      Source: Nashuatelegraph.com … “It’s tough to keep up,” Boifvert said. “Money is tight, so people can’t really donate as much as they used too. People are really struggling.” The slow in supplies won’t halt the demand this Thanksgiving, either. According to Boifvert, there has been a 40 percent increase in the number of clients in need of [...] Related posts:Load Up the Pantry, says the WSJ Via WSJ.com I don't want to alarm anybody, but maybe...New West Nile virus strain may worsen epidemic ReutersA new strain of West Nile virus is spreading better...Food Crisis Grows and so Does Hormel and Spam Interesting tidbits are quoted here, so make sure to read...
    • Oil prices falls under $50 a barrel November 20, 2008
      Source: money.cnn.com Oil prices continued to plunge Thursday, dropping below $50 a barrel as growing concern about the economy pointed to weak demand for energy. The price marked the lowest level in three-and-a-half years. On the final day of trading for the December contract, U.S. crude futures fell $4 to settle at $49.62 a barrel, the lowest settle [...] Related posts:Oil hits new high of nearly $140 a barrel Via: FT.comCrude oil prices jumped to a fresh high of...Oil soars to new record above $125 a barrel Check the tire pressure in your bicycles...From money.cnn.com Oil prices...Oil dips below $100 a barrel Source: FT.comCrude oil prices dipped below the $100-a-barrel level this...
    • Paulson Was Behind Bailout Martial Law Threat November 20, 2008
      Source: Prison Planet … Speaking on Tulsa Oklahoma’s 1170 KFAQ, when asked who was behind threats of martial law and civil unrest if the bailout bill failed, Senator James Inhofe named Treasury Secretary Henry Paulson as the source. “Somebody in D.C. was feeding you guys quite a story prior to the bailout, a story that if we [...] Related posts:Bailout bill passes Senate, as a result of fear mongering, bribery, and threats of martial law Source: baltimoresun.comSome of the changes appeared aimed at enticing specific...Paulson Seeks Authority to Shore Up Fannie, Freddie Full story at: Bloomberg.comTreasury Secretary Henry Paulson swung the weight...Peter Schiff, Hyper Inflation and Martial Law Peter Schiff, Hyper Inflation, Martial Law...
    • No U.S. growth until third quarter 2009 November 20, 2008
      Source: Reuters The U.S. economy will not grow until the third quarter of 2009 and is currently shrinking much more sharply than previously expected as what may be the worst recession in decades tightens its grip, a Reuters poll showed. Economists downgraded their growth estimates dramatically from just one month ago, since data showed the world’s largest [...] Related posts:EU growth seen grinding to a halt Source: FT.comEurope’s economic outlook is “precarious” with growth expected to...Fed sees both unemployment, prices on rise, slower growth Times will get harder over the next few years. Those...Consumer Prices Fall, Raising Deflation Danger Source: Bloomberg.com The cost of living in the U.S. fell...
    • Statement From G-20 Summit: In English November 20, 2008
      Source: Catherine Austin Fitts Blog The Editor of Expresso in Portugal wanted my take on the recent G-20 communique. Here is my “translation” of the official statement: 1. Now that the growth of debt and derivatives bubbles has stalled, we are committed to using governmental-central bank mechanisms to cover the positions of any of the large private [...] Related posts:Buffett warns on investment ‘time bomb’: The derivatives market Source: BBC NEWSThe rapidly growing trade in derivatives poses a...Statement by Secretary Henry M. Paulson, Jr. - Call for Special Weekend Meeting of G20 Over the past twelve months President Bush and I have...Derivatives the new ‘ticking bomb Via Market Watch Buffett and Gross warn: $516 trillion bubble...
    • Big Three auto CEOs flew private jets to ask for taxpayer money November 20, 2008
      Source: CNN.com Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money. “There is a delicious irony in seeing private luxury jets flying into Washington, D.C., and people coming off of them with tin cups in their hand, saying that they’re going [...] Related posts:American automakers General Motors and Ford fight for survival Source: guardian.co.ukAmerica's biggest car manufacturers, General Motors and Ford, are...Failure of auto industry could set off catastrophe Source: Yahoo! FinanceAdvocates for the nation's automakers are warning that...Factories close, supermarkets empty and jets run out of fuel as truckers’ strike bites From: The GuardianStrike action by thousands of Spanish and Portuguese...
    • Global stocks at 5-1/2 year lows November 20, 2008
      Source: Reuters World stocks dropped to 5-1/2 year lows and oil hit 22-month troughs as investors reacted to dire Federal Reserve warnings on the economy and fears about the viability of major U.S. auto makers and bank giant Citigroup. Federal Reserve officials slashed economic growth forecasts through 2009, with the lower range of the Fed’s central tendencies [...] Related posts:Global stocks plunge, yen leaps as credit fears dominate Source: ReutersWorld stocks plunged to three-year lows on Monday as...Oil sinks to fresh 20-month lows Source: FT.comOil sank to fresh 20-month lows on Wednesday, extending...Global Stocks, U.S. Futures Decline, Led by Banks; Yen Rallies Source: Bloomberg.comStocks tumbled around the world and U.S. index futures...
    • Dow slumps below 8000 November 19, 2008
      Source: smh.com.au US stocks sank and benchmark indexes slid to their lowest levels since 2003 on growing concern over the health of the financial system and survival of the nation’s car industry. Citigroup tumbled 23% to $US6.40, a 13-year low, on a plan to buy $US17.4 billion of troubled investment-fund assets. General Motors slid 9.7% to [...] Related posts:Confidence slumps as home prices post record fall Also From Reuters Consumer confidence fell to a five-year low...Global Stocks Fall on Recession Concern; Commodity Producers, Euro Decline Source: Bloomberg.comStocks fell around the world, the euro sank to...Global Stocks Tumble, Driving S&P 500 to Worst Week on Record Source: Bloomberg.comStocks tumbled around the world, driving the Standard &...
    • Consumer Prices Fall, Raising Deflation Danger November 19, 2008
      Source: Bloomberg.com The cost of living in the U.S. fell by the most on record and construction began on the fewest homes ever last month, evidence the economy is in the worst recession in at least a quarter century. The consumer price index plunged 1 percent last month, the most since records began in 1947, the [...] Related posts:Central bankers wary of deflation Source: ReutersEuro zone demand is plunging and price pressures vanishing,...Consumer Prices in U.S. Rise at Fastest Pace in 17 Years on Energy, Food Source: Bloomberg.comU.S. consumer prices rose at the fastest pace in...Deflation creeps up on Japan Source: ReutersJapan is bracing for another spell of deflation next...
    • Farming takes a hit, which means food prices could rise November 18, 2008
      Source: loggingStocks The problems may be especially acute in the US where some farmers have been making a fortune off corn due to feed demand and ethanol. Many of those farmers decided to expand, take on more debt, and buy new equipment. The price of corn has dropped like a rock over the last five months. [...] Related posts:Cost of bread and butter up 43% Source: Daily ExpressTHE cost of basic foods has soared by...US floods hit food prices Yes indeed, expect higher prices, and also expect shortages, just...Mexico freezes prices on food items to stem inflation From: Houston Chronicle Moving to stem rising inflation and civil...
    • U.K. Inflation Rate Falls Most Since at Least 1997 November 18, 2008
      Source: Bloomberg.com The U.K. inflation rate fell more than economists forecast in October, recording the steepest drop in at least 11 years and giving the Bank of England scope to cut interest rates further as the economy slides into a recession. Consumer prices rose 4.5 percent from a year earlier, compared with 5.2 percent the previous [...] Related posts:U.K. Inflation Reaches Fastest Since at Least 1997 Source: Bloomberg.com U.K. inflation quickened to the fastest pace in...King backs job losses to curb inflation Unemployment therapy for inflationFrom FT.com The economy needs to slow...Economists see credit crisis nearing end, but unemployment/inflation will rise So the issues are with housing, credit, high energy costs,...
    • Tuberculosis: A new pandemic? November 17, 2008
      Source: CNN.com Many people think of tuberculosis as being a disease from the past. The truth is far from it: Tuberculosis is mutating into dangerous new strains for which there is no known cure. One of the most frightening strains is XDR-TB, which stands for extensively drug-resistant TB. Unlike less virulent strains, XDR-TB does not respond to the [...] Related posts:World warned over killer flu pandemic Source: The IndependentThe world is failing to guard against the...Flu pandemic is coming- death rate could exceed 300 million. Emphasis added, see the bold parts...and do not rely on...Government Report Answers Who Lives, Who Dies in Flu Pandemic From FOXNews.com Doctors know some patients needing lifesaving care won't...

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    • Israeli Air Force Is Ready To Attack Iran November 22, 2008
      Source: Exodus Times Israeli Air Force Commander General Ido Nehushtan claims his forces are ready to follow any order to thwart Iran’s nuclear programs. “The IAF is a very robust and flexible force … ready to do whatever is demanded,” the Nehushtan told German magazine Der Spiegel on Tuesday. He added, however, a military strike against Iran’s [...] Related posts:Ron Paul Warns That U.S. Will Support Israeli Attack On IranIsrael to attack Iran unless enrichment stopsLeaked Israeli drill seen as U.S. pressure on Iran
    • Bush Hands Over Reins of U.S. Economy to EU November 21, 2008
      Source: Newsmax.com The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy. In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, [...] Related posts:U.S. No Financial Super PowerE.U. Eases Off on Economic Threats After Russia Suggests Troop PullbackMust Read: Secret Bush Administration Plan to Suspend US Constitution
    • Ron Paul Warns That U.S. Will Support Israeli Attack On Iran November 21, 2008
      Source: Prison Planet Texas Congressman Ron Paul has warned that any strike on Iran’s nuclear facilities undertaken by the Israeli air force will take place with the explicit backing of the U.S. government. Speaking to Press TV, Iran’s state backed news agency, the Congressman warned that unilateral Israeli action would be an impossibility. “No matter what they [...] Related posts:Israeli Air Force Is Ready To Attack IranRon Paul Warns Of Great Shift Toward Global Government Under ObamaIsrael to attack Iran unless enrichment stops
    • Putin Sparks Speculation About His Return to Kremlin November 21, 2008
      Prophecy A La Rosenberg and company… Source: Bloomberg.com Russians are back to playing their favorite parlor game: speculating on whether or when Vladimir Putin will reclaim the presidency. Some opposition politicians, analysts and investors are guessing that the credit crunch and Russia’s faltering economy may persuade the former president, now prime minister, to oust his chosen successor, [...] Related posts:Military help for Georgia is a ‘declaration of war’, says MoscowRussia weighs response to NATO shipsRussia’s Medvedev: Attack on Iran will endanger entire world
    • Tennessee Adopts $9.5 Million University Piracy Measure Despite School Layoffs November 19, 2008
      Here we can plainly see that the concerns (and profits) of the American Corporate state supersede everything else… Source: Wired.com Combating music piracy at Tennessee’s public university system is more important than hiring teachers and keeping down tuition costs. Just-signed legislation requires the 222,000-student system to spend an estimated $9.5 million (.pdf) for file sharing “monitoring software,” “monitoring [...] Related posts:Preparing for Economic Collapse: Schwarzenegger Highlights Efforts to Boost Emergency ResponseTerrorist Watch List Hits One Million NamesACLU ISSUES ALARM ABOUT MIDDLETOWN PLAN TO ELECTRONICALLY MONITOR SCHOOL CHILDREN
    • Vice president, former AG, state senator indicted November 19, 2008
      Source: Houston Chronicle A South Texas grand jury has indicted Vice President Dick Cheney and former Attorney General Alberto Gonzales on state charges related to the alleged abuse of prisoners in Willacy County’s federal detention centers. The indictment, which had not yet been signed by the presiding judge, was one of seven released Tuesday in a county [...] Related posts:Iranian president: ‘Big powers’ going downDOD Panel: Next President to ‘Likely’ to Face Crisis in First 270 DaysState-Sponsored Terror: British and American Black Ops in Iraq
    • Homeland Security and Justice Departments Providing More Info to Local Officers November 17, 2008
      Source: National Ledger Wake County Sheriff’s Office on Wednesday became the first of four law enforcement agencies in North Carolina to receive new database link that will automatically check the criminal and immigration history of all individuals booked into the jail, according to a report submitted to the National Association of Chiefs of Police. This new [...] Related posts:Homeland Security to direct cybersecurity initiativeProject Shield: Homeland Security Program Riddled With ProblemsHomeland Security Department Testing “Pre-Crime” Detector
    • Gulf War illness is real, new federal report says November 17, 2008
      Source: CNN.com An extensive federal report released Monday concludes that roughly one in four of the 697,000 U.S. veterans of the 1990-91 Gulf War suffer from Gulf War illness. That illness is a condition now identified as the likely consequence of exposure to toxic chemicals, including pesticides and a drug administered to protect troops against nerve gas. The [...] Related posts:2 More US aircraft carriers headed for GulfU.K. Report Finds Emerging Threats In SpacePeaceful Protesters Become Terrorists in a Federal Database
    • Bush Administration: Dismiss RFID ‘Mark of the Beast’ Lawsuit November 16, 2008
      Source: Wired.com The Bush administration on Thursday urged a federal judge to dismiss a lawsuit brought by a group of Amish farmers in Michigan claiming RFID chips required on cattle “are a mark of the beast.” The Amish farmers claim (.pdf) Michigan regulations requiring them to use radio frequency identification devices on their cattle “constitutes some form [...] Related posts:ACLU ISSUES ALARM ABOUT MIDDLETOWN PLAN TO ELECTRONICALLY MONITOR SCHOOL CHILDRENMust Read: Secret Bush Administration Plan to Suspend US ConstitutionBush Signs Spy Bill, ACLU Sues
    • World asked to help craft online charter for religious harmony November 16, 2008
      We are already well on the way towards a Global One World Government, courtesy of a fabricated financial crisis.  Likewise, we are also on our way towards a global, One World Religion.  Sound familiar? Source: breitbart.com A website launched Friday with the backing of technology industry and Hollywood elite urges people worldwide to help craft a [...] No related posts.

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