Archive for September 7th, 2010

By Tarmizy Harva Reuters.com Tue Sep 7, 2010 BERASTEPU, Indonesia (Reuters) – An Indonesian volcano that lay dormant for 400 years shot ash 5 km (3 miles) into the air on Tuesday, its biggest eruption since it became active last week, and experts warned of more blasts to come. Mount Sinabung, in northern Sumatra... »

by Tyler Durden ZeroHedge.com 09/07/2010 From Egon von Greyerz of Matterhorn Asset Management GOLD ENTERING A VIRTUOUS CIRCLE Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999. •It... »

Kurt Nimmo Infowars.com September 6, 2010 Infowars.com has received a leaked copy of an internal FBI memo warning of a possible terrorist response to “International Burn A Koran Day,” an event scheduled for the ninth anniversary of the September 11 attack to be held by the Dove World Outreach Center in Gainesville, Florida. Infowars.com... »

Southern Hemisphere sea ice now approaching record high levels IceAgeNow.com Although Northern Hemisphere LAND MASSES had their hottest May-July on record, says meteorologist Joe Bastardi, the globe as a whole did not. The warmth ON LAND is a by-product of the years of warm Pacific Decadal Oscillation (PDO) and El Nino, says Bastardi. The... »

By Andrew Nikiforuk Alternet.org Matt Simmons didn’t let the money, bullshit or arrogance surrounding the oil industry cloud his judgment. “A call to arms may be wrong. We may not even know who the enemy is. And maybe the enemy is us.” — Matt Simmons After criticizing the reckless conduct of BP in the... »

The Great Jobs Depression continues to worsen. By Robert Reich Robert Reich.org The Labor Department reports this morning that companies created ony 67,000 new jobs in August. That’s down from the 107,000 they created in July. And because the government laid off temporary Census workers, the economy as a whole lost 54,000 jobs. To... »

HousingDoom.com Posted Sep 6 2010 With the Fed possessing a world-class stable of lawyers, it’s a safe bet that every jot and tittle of the boss’ sworn testimony is rock-hard supportable. Here I’m more interested in what he doesn’t say. Hat tip to Crane’s on this one. Last Thursday Ben Bernanke unleashed a long,... »

By Michael Barone PatriotPost.com Monday, September 6, 2010 Imagine that you have a product whose price tag for decades rises faster than inflation. But people keep buying it because they’re told that it will make them wealthier in the long run. Then, suddenly, they find it doesn’t. Prices fall sharply, bankruptcies ensue, great institutions... »

Unloading your home still may mean footing the tax bill By WILLARD SHEPARD NBCMiami.com Mon, Sep 6, 2010 Now, on a day to remember the value of American hard work, Lilly and Manny Mora are fighting Bank of America over this home they bought five years ago to use when they get older. Like... »

By Jim Hightower AlterNet.org America’s corporate chieftains must love poor people, for they’re doing all they can to create millions more of them. Let’s put a stop to this. September 4, 2010 | LIKE THIS ARTICLE ? Join our mailing list: Sign up to stay up to date on the latest Economy headlines via... »