Archive for July 29th, 2010

by Tyler Durden ZeroHedge.com July 29, 2010 By John R. Taylor, Jr., Chief Investment Officer For FX Concepts, this is a big day and a very scary one as well. Because our market view is now very precise, but at odds with the accepted wisdom, we are putting ourselves out on a limb. The... »

Joe Weisenthal BusinessInsider.com Jul. 29, 2010 We mentioned yesterday how California Governor Arnold Schwarzenegger had declared a brand new budget emergency in California, where a $19.1 billion shortfall will force state employees to take time off, with the possibility that the state may bring back last summer IOUs to pay its debts. The LA... »

Gus Lubin BusinessInsider.com Jul. 29, 2010 We’re so jaded by the Deepwater Horizon oil spill, no one paid much attention to last week’s spill in China and this week’s spill in Michigan. But the amount of oil spilled in the Kalamazoo River is not small: 1 million gallons of crude — the biggest spill... »

Joe Weisenthal BusinessInsider.com Jul. 29, 2010 BP has to be LOVING the media it’s been getting recently. We said it about a week ago, that it was starting to look as though the spill was overblown. Then yesterday there were the reports about the early-disappearance of the oil sheen, and the lack of effect... »

by Mike Adams NaturalNews.com Many of the freedoms we enjoy here in the U.S. are quickly eroding as the nation transforms from the land of the free into the land of the enslaved, but what I’m about to share with you takes the assault on our freedoms to a whole new level. You may... »

PowerLineBlog.com July 28, 2010 Andrew Klavan wrote a book called Empire of Lies. It was slated to be published in France by Seuil Policiers, but the editor who bought the book left that firm, and the new editor decided not to publish Klavan’s book. This wasn’t because she thought it wouldn’t sell; it wasn’t... »

Tuscaloosa, Champaign, Alexandria some of areas hit hardest MSNBC.com WASHINGTON — The unemployment rate in about three-quarters of the nation’s largest metro areas rose last month as nearly one million teenagers entered the work force looking for summer jobs. The Labor Department said Wednesday that the unemployment rate rose in 291 of 374 areas... »

By Darius Dale MoneyCNN.com July 28, 2010 State and local governments are facing a vicious cycle thanks to our financial crisis. Since home prices haven’t really recovered, tax revenues are down. Since tax revenues are down, governments are cutting jobs, which means cutting services to homeowners. That means governments are spending less money in... »

Seven more banks fade into history. theTrumpet.com The Federal Deposit Insurance Corporation (fdic) announced that it had seized the assets of seven additional banks, on Friday. During 2010 so far, 103 banks have gone bankrupt, putting the nation on pace for the most bank failures since the Savings and Loan crisis during the 1990s.... »

by William Norman Grigg LewRockwell.com The memory of man runs not to a time when an elected representative faced an ethics inquiry over official actions involving the theft and redistribution of the property of other people. By way of illustration, consider – if you can stand to – the career of the late Robert... »