Look how the "elite" banksters act when it comes to sharing sacrifice in any way. John Paulson, hedge fund manager, might be moving to Puerto Rico from NYC to avoid taxes. Apparently taxes from other people are good enough to provide military and law enforcement to protect people like Paulson, good enough to provide highways, and schools, and hospitals for Paulson. Good enough to provide electricity so that he can lose money on bad trades via his computers, but still not deserving of Paulson's money.
The Lobbyists are gearing up in hopes of obtaining more methods to flood the U.S. labor market with cheap, controllable foreign labor. The target is to include their agenda in the upcoming Comprehensive Immigration Reform legislation. As a result, we have been inundated with lobbyists lies, planted articles and even faux pas Congressional hearings, all geared to media spin the public. CEOs are even having summits, all to make sure they obtain more foreign labor so these businesses do not have to hire Americans.
The BLS employment report shows the official unemployment rate ticked down 0.2 percentage points to 7.7%. While many cheer this report as a sign of recovery, the actual details are fairly ho hum. This article overviews and graphs the statistics from the Current Population Survey of the employment report and the below graph shows how far off we are from 2008. Don't let some fool you into thinking the job crisis is all over, it's not, not by a long shot.
Attorney General Eric Holder, the highest law enforcement officer in the land, said he cannot prosecute the big banks because that would endanger the global economy. This is an admission the world is run by the banks and not governments or the rule of law.
The U.S. January 2013 monthly trade deficit increased 16.2% to $44.45 billion after December's -20.9% trade deficit implosion. This month is all about oil imports and we suspect Hurricane Sandy potentially affected imports in December and why the wild swings. December had the lowest petroleum related imports since August 2009.
ADP's proprietary private payrolls jobs report shows a gained of 198,000 private sector jobs for February 2013. ADP January's reported 192,000 job gains were significantly revised upward by 23,000 to 215 thousand. Trade, transportation and utilities was the big winner with 43,000 private sector jobs gained This report does not include government, or public jobs.
The Dow hit a record high yet for most of America this means little. While some fawn and fan over the high rise stock market, here are some stories that actually matter to real people with real lives.
The January personal income and outlays report is horrific. Personal Income nose dived -3.6% from December and hasn't seen this big of a monthly drop since January 1993. That's 20 years ago. The blame is being laid on the payroll tax holiday expiration and December did see a rise in personal income also not seen since December 2004. Disposable income is worse. DPI dropped -4.0%, even when adjusted for inflation. Ouch!
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