Foreign investors have for the first time ever cut down on their US blocks of securities, says the US Department of the Treasury. According to it, foreign investment in the US economy shrank by 0.4% down to $4.5 trillion in June amid the economic and political crisis in America, when the threat of default loomed [...]
Archives: August 2011
August 16, 2011
August 16, 2011
If Ron Paul had won the Ames Iowa poll…
If Ron Paul had won the Ames Iowa poll, the mainstream media would have dismissed the entire exercise as unimportant. If he had come in at, oh, 6th place, they would have used this as evidence that he is incompetent, not in the first rank of Republican candidates, can’t get out the vote, the American [...]
August 15, 2011
Ron Paul Is Such a Leader…
Ron Paul is such a leader. We see the field – it contains the sadly overwhelmed Obama, as arrogant, as fascist-friendly and as warlike as FDR, and all the strident Keynesians clawing to the microphone, calling themselves Republicans, and Ron Paul. Of all the men or women we could choose to gently deliver this country [...]
August 15, 2011
America the Land of Part Time Jobs…
“Could your family survive on $505 a week?” If only you could make HALF that much! The dirty secret is McDonald’s needs to add 50,000 workers to increase the headcount in every store. The goal is to have no full-time employees who qualify for health benefits. So these 50,000 jobs will pay $174 a week [...]
August 13, 2011
Having seen a dozen suicides associated with armed forces in my time, I am tremendously saddened by this information…
The U.S. Army suffered a record 32 suicides in July, the most since it began releasing monthly figures in 2009. The high number of deaths represents a setback for the Army, which has put a heavy focus on reducing suicides in recent years. The number includes 22 active duty soldiers and 10 reservists. The previous [...]
August 13, 2011
US censures report on drone casualties…
US officials have strongly rejected allegations in an independent UK study that a covert drone war in Pakistan has killed large numbers of civilians, saying the numbers are “way off the mark”. On Friday, US officials criticized the London-based Bureau of Investigative Journalism report’s finding that there had been many more CIA attacks on alleged [...]
August 7, 2011
Washington is Crying the Blues over the Downgrade…
Washington accused S&P management of a calculating error worth $2tn. Associated press, meanwhile, branded the decision of S&P to downgrade the US rating as a hasty decision based on erroneous forecasts. On Friday, Standard & Poor’s downgraded its rating of America’s national debt from the maximum AAA level to AA+. The forecast is negative. This [...]