Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Help For Homeowners Is Only Help For Banks
Whistleblowers are now speaking out on the scam HAMP really is. Instead of helping homeowners is pushing them into foreclosure Dylan Ratigan interviewed the Whistleblowers in the below clip.
The Consumer Price Index for April 2011 increased 0.4% from last month. For the year, not seasonally adjusted, the Consumer Price Index for all Urban Consumers (CPI-U) has risen 3.2%, the highest since October 2008. The March CPI monthly increase was 0.5%.
Michael Collins
"The last unemployment report said that for the first time in my lifetime, and I’m not young…we are coming out of a recession but job openings are going up twice as fast as new hires. And yet we can all cite cases that we know about where somebody opened a job and 400 people showed up. How could this be? Because people don’t have the job skills for the jobs that are open." President Bill Clinton, September 2010
Former president Clinton took the lead in selling the notion of "structural unemployment" - a gap between employer job requirements and inadequate skills on the part of workers. Clinton's sales skills are considerable. The thoroughly unsupported notion stuck in the minds of the corporate media and some business leaders.
Ah, facts and more facts, yet nothing changes. The Senate Permanent Subcommittee on Investigations released a mammoth report in April on the financial crisis, Wall Street and the Financial Crisis: Anatomy of a Financial Collapse, which is available here.
The March 2011 U.S. trade deficit increased $2.8 billion to $48.2 billion. The February 2011 monthly trade deficit was $45.4 billion. $31.3 billion of the March trade deficit is oil related, $8.8 billion more than 1 month ago, and 51.2% of the total goods trade deficit. Services have surplus of $13.9 billion and increased $0.2 billion last month.
Remember when all said those GM bail outs were not worth it? Remember when we said give them the money? Well, finally we're seeing some payback, which one sure cannot say about the Bank bail outs.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
Recent comments