Archive for May 22nd, 2010

By: Mike Whitney Market Oracle May 22, 2010 Deficits create demand. Demand generates spending. Spending generates economic activity. Economic activity generates growth. Growth generates jobs, increases government revenues, reduces deficits and ends recessions. Simple, right? When consumers have too much debt, they will not spend no matter how low interest rates are. This is... »

By: Bryan Rich Market Oracle May 22, 2010 The run-up in the stock market from March 2009 until last month was sharp and rewarding … for some. But there was one problem, it came with disproportional risk. You see, the stock market rose to an extent that it was pricing in perfection … a... »

By Lynn Thomasson and Rita Nazareth Bloomberg.com May 21 (Bloomberg) — Any investor who wants to gauge how serious the stock market’s retreat is need only know the Standard & Poor’s 500 Index has fallen below its low on May 6, when panic selling prompted calls for reform. The equity index retreated 3.9 percent... »

Peasants left out of region’s economic miracle are rising up against their rulers, creating widespread security threats By Jonathan Manthorpe Vancouver Sun.com While Thailand’s “Red Shirt” rural poor have been in bloody confrontation with troops in central Bangkok for nearly three months, there have been similar rebellions all over Asia by people who believe... »

RTTNews.com Romania’s workforce held a demonstration on Wednesday to protest the government’s new austerity measures that cut jobs and wages. The demonstration by some 20,000 people, who gathered in front of the government headquarters in capital Bucharest to protest planned government wage-cuts, was one of the largest mass protests that the Eastern European country... »

by Nick Iliev TheSophiaEcho.com Massive general strikes by the Greek public sector will all but paralyse much of the country as Greek trade unions launch another 24-hour general protest against planned additional austerity measures. Transport services, including international trains linking Greece with Bulgaria and Romania, as well as shipping and domestic flights, are expected... »

by Peter Dale Scott LewRockwell.com In July 1987, during the Iran-Contra Hearings grilling of Oliver North, the American public got a glimpse of “highly sensitive” emergency planning North had been involved in. Ostensibly these were emergency plans to suspend the American constitution in the event of a nuclear attack (a legitimate concern). But press... »

Washington’s Blog May 22, 2010 As I wrote last October: Congressmen Brad Sherman and Paul Kanjorski and Senator James Inhofe all say that the government warned of martial law if Tarp wasn’t passed. And Rahm Emanuel famously said: Never let a serious crisis go to waste. What I mean by that is it’s an... »

MMD Newswire.com One of America’s national organizations fighting against illegal immigration is announcing that 17 states are now filing versions of Arizona’s SB 1070 law which is designed to help local police enforce America’s existing immigration laws. Numerous national and local polls indicated that 60-81% of Americans support local police enforcing immigration laws. “Our... »

At West Point, Obama talks up national security strategy By Michael D. Shear WashingtonPost.com Saturday, May 22, 2010 WEST POINT, N.Y. — President Obama on Saturday pledged to shape a new “international order” as part of a national security strategy that emphasizes his belief in global institutions and America’s role in promoting democratic values... »