Exit Strategy? What Exit Strategy?
December 12, 2012 0

Exit Strategy? What Exit Strategy?

By News Desk

Today the Federal Reserve issued this Policy Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities . On December 12, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase longer-term Treasury securities after the maturity extension program is completed at the end of December 2012, initially at a pace of about $45 billion per month.  The FOMC also directed the Desk to continue purchasing additional agency mortgage-backed securities (MBS) at a pace of about $40 billion per month.  These actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative. The FOMC also directed the Desk to maintain its existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency MBS in agency MBS, and, in January, to resume rolling over maturing Treasury securities into new issues at auction.

US Recognizes Unelected Terrorists as Syrian "Representatives"
December 12, 2012 0

US Recognizes Unelected Terrorists as Syrian "Representatives"

By News Desk

Later that month, some 600 Libyan terrorists would be reported to have entered Syria to begin combat operations and have been flooding into the country ever since . Clearly they are not "secretly" organizing hundreds of fighters under the nose of the US consulate in Benghazi , Libya, and "sneaking" through NATO member states into Syria

Union "Victory": Chrysler Reinstates 13 Workers Fired for Drinking on the Job
December 11, 2012 0

Union "Victory": Chrysler Reinstates 13 Workers Fired for Drinking on the Job

By News Desk

Please consider the Detroit News article Chrysler reinstates 13 workers fired for drinking on job . Chrysler Group LLC says it was forced to reinstate 13 workers who were fired from its Jefferson North Assembly Plant two years ago after being filmed by a local television station drinking and smoking what the network suggested was a controlled substance before and during work. "The workers followed the grievance procedure process outlined in the collective bargaining agreement between Chrysler and the United Auto Workers.

Bank of England Warns of Global Currency Wars
December 11, 2012 0

Bank of England Warns of Global Currency Wars

By News Desk

Bank of England Warns of Global Currency Wars By the time central banks warn about something, the practice has likely been going on for years. Today’s case in point is BoE’s King warns of growing currency competition The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year. "You can see, month by month, the addition to the number of countries who feel that active exchange rate management, always to push their exchange rate down, is growing," Mervyn King said in a speech

Decentralize Big-Retail
December 11, 2012 0

Decentralize Big-Retail

By News Desk

How to Uproot Walmart & Bring Jobs Back Home.  December 11, 2012 ( LocalOrg ) – In many towns across America, Walmart, or a similar mega-retailer, is the only option you have when you need (almost) anything. Big-retail is a monopoly in its truest form and it has become so, not through “free market” economics, technological innovation, supply and demand, or healthy competition, but rather through a combination of pro-monopoly rules and regulations, human exploitation, outsourcing labor overseas, while preventing labor domestically from unionizing for better wages, job security, and benefits.  The sub-par trinkets, poisoned food and beverages, and slave-made goods that line the corporate consumer troughs at Walmart are the result of a global network taking advantage of socioeconomic disparity, consumer ignorance, and deplorable labor conditions to bring the very lowest prices possible to consumers. The consumers pushing their carts through the aisles of Walmart scarcely realize the conditions within which workers overseas toil to line those aisles.