Archive for October 21st, 2010

By Edward Cody Washington Post.com Thursday, October 21, 2010 PARIS – Unions vowed that their striking workers would keep disrupting rail and road transportation. Teenagers marched through the streets and pledged to go on boycotting their schools. The government, trying to appear unfazed, urged Parliament to ignore the chaos and speed up the vote... »

• A quarter of petrol stations run dry ahead of half-term break • All 12 refineries and some fuel depots are blockaded Angelique Chrisafis GuardianUK Thursday 21 October 2010 France faced another day of panic at the petrol pumps as refinery and oil depot protests continued despite government attempts to break the blockades over... »

by Tyler Durden ZeroHedge.com 10/21/2010 In an interview with Tom Keene yesterday, Citi strategist Willem Buiter, alongside Howard Davies chairman of the London School of Economics, said that “savage austerity” is in the US’ future. “The only question was really the timing and the composition.” Alas, for that to happen it would require an... »

Mike “Mish” Shedlock, Global Economic Trend Analysis BusinessInsidercom Oct. 21, 2010 My friend “BC” pinged me with some interesting employment stats regarding the state of Oregon that apply in varying degrees to every state in the union, and arguably most countries in the world. “BC” Writes …. OR total payroll employment has not grown... »

Gregory White Business Insider Oct 21, 2010 Albert Edwards of Societe Generale thinks U.S. citizens are on the brink of a political revolt, based on a declining standard of living brought on by an inefficient economic relationship with China. Here’s why, according to Edwards: This would happen in any nation where a vision of... »

UK Daily Mail Oct 21, 2010 Unions told the Government to brace itself for French-style street protests last night after the Chancellor confirmed that half a million public sector jobs will be axed. Militant bosses said the paring back of the state payroll would spark the kind of ‘resistance’ that has led to outbreaks... »

TheEconomicCollapseBlog.com It turns out that the big Wall Street banks have found a dirty new way to make loads of cash from U.S. homeowners, and they really, really don’t want to talk about it. So what is this dirty new business? America’s biggest financial institutions have become property tax collectors, and it is extremely... »

By Theodore (Ty) Andros GoldSeek.com The US economy is being SHUTDOWN at a rapid rate by the radical Marxists in the beltway, whom having never met a businessman that they like other than those who pay political tolls — known as campaign contributions – consider the rest of the WEALTH generating private sector to... »

By Gennaro Carotenuto Pravda.ru 21.10.2010 According to studies conducted separately by Columbia University and the World Health Organization, the United States has, in only ten years, gone from the 24th to the 49th in the world rankings of life expectancy. That is, to live around 4.5 years less than the long-living Japanese or 2.2... »

My state of Tennessee could reduce costs by over $146 million using the legislated mechanics of health reform to transfer coverage to the federal government. By PHILIP BREDESEN WSJ.comOCTOBER 21, 2010 One of the principles of game theory is that you should view the game through your opponent’s eyes, not just your own. This... »