Archive for August 5th, 2011

by Tyler Durden ZeroHedge.com 08/05/2011 United States of America Long-Term Rating Lowered To ‘AA+’ On Political Risks And Rising Debt Burden; Outlook Negative We have lowered our long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’ and affirmed the ‘A-1+’ short-term rating. We have also removed both the short-... »

By: Mike Shedlock Market Oracle Aug 05, 2011 A good jobs report on Friday (if we get one) is now meaningless. Looking ahead, the jobs situation is bleak globally, not just in the US. Here is supporting evidence for my statement. Planned Layoffs Surge In July Challenger says Planned Layoffs Surge In July August... »

Vedran Vuk Market Oracle Aug 05, 2011 With a last-minute debt deal reached, I’m reminded of two holy words in Washington: “compromise” and “bipartisanship.” It’s amazing that the political elite have so twisted the English language as to lend virtue to these terms. In Washington, these words hold intrinsic value… similar to how “truth”... »

By James Quinn FinancialSense.com 08/05/2011 “Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses”... »

Beyond Cell Phone Wallets, Biometrics Promise Truly Wallet-Free Future The rollout of NFC payments in the U.S. has been so sluggish that a superior technology—biometrics—is about to catch up. CHRISTOPHER MIMS Technologyreview.com 08/03/201 Ever since Google announced that its Android phones would be equipped with a “digital wallet” that allows users to pay for... »

Madison Ruppert, Prisonplanet.com Aug 5, 2011 A whopping 14% of Americans approve of the way Congress is handling themselves, while an incredible 82% of Americans realize that our so-called representatives are not doing their jobs properly. In a New York Times and CBS poll released today, it was revealed that the vast majority of... »

CNN Money Friday, August 5, 2011 NEW YORK (CNNMoney) — Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture. The number of Americans using the government’s Supplemental Nutrition Assistance Program (SNAP) — more commonly referred to as food stamps — shot to an... »

Police begin probe into mob incidents at State Fair Don Walker Milwaukee-Wisconsin Journal Sentinel Friday, August 5, 2011 Police from three jurisdictions – West Allis, Milwaukee and Wisconsin State Fair police – spent Friday morning piecing together a series of incidents late Thursday night at the Wisconsin State Fair in which large groups of... »

NY Times admits: It’s a ‘double dip’ as markets plunge. Paul Joseph Watson Prison Planet.com Friday, August 5, 2011 Seven months after President Barack Obama gave a State of the Union speech in which he said the economy was in “recovery mode” and that “the stock market has come roaring back,” the New York... »

by Tyler Durden ZeroHedge.com 08/05/2011 The meek and somnolent shall inherit nothing, because Europe just came back online and the apocalypse has resumed. Italian, Spanish and Belgian bonds opened lower, with spreads to Bunds surging the most since before the euro was introduced in 1999 (but before it was abolished in 2012). Specifically, the... »