Tag: government

New Jersey Unemployment Hits 35-Year High of 9.8%; What Does That Suggest About Retail Sales?
August 17, 2012 0

New Jersey Unemployment Hits 35-Year High of 9.8%; What Does That Suggest About Retail Sales?

By News Desk

New Jersey Unemployment Hits 35-Year High of 9.8%; What Does That Suggest About Retail Sales? Posted by Michael Shedlock at 12:48 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy

Syria Update: Terror & Hypocrisy
August 16, 2012 0

Syria Update: Terror & Hypocrisy

By News Desk

Thursday, August 16, 2012 Syria Update: Terror & Hypocrisy US-backed terrorists bomb UN in Damascus – US Defense Secretary Leon Panetta’s obtuse hypocrisy turns US into international laughingstock. James Corbett 

West Celebrates as Dark Age Descends over Egypt
August 13, 2012 0

West Celebrates as Dark Age Descends over Egypt

By News Desk

In a May 6, 2012 Reuters article it stated : "Working quietly, the Brotherhood has been financing Free Syrian Army defectors based in Turkey and channeling money and supplies to Syria, reviving their base among small Sunni farmers and middle class Syrians, opposition sources say."  The Muslim Brotherhood was nearing extinction in Syria before the latest unrest, and while Reuters categorically fails in its report to explain the "how" behind the Brotherhood’s resurrection, it was revealed in a 2007 New Yorker article titled, " The Redirection " by Seymour Hersh. The Brotherhood was being directly backed by the US and Israel who were funneling support through the Saudis so as to not compromise the "credibility" of the so-called "Islamic" movement. Hersh revealed that members of the Lebanese Saad Hariri clique, then led by Fouad Siniora, had been the go-between for US planners and the Syrian Muslim Brotherhood.

Hermosa Beach Police Chief and Councilman Fishman Defend $100,000 Meter Maids on Grounds "When You Outsource, You Take Away Union Jobs"
August 12, 2012 0

Hermosa Beach Police Chief and Councilman Fishman Defend $100,000 Meter Maids on Grounds "When You Outsource, You Take Away Union Jobs"

By News Desk

Please consider Hermosa Beach Meter Maids Make Nearly $100K When contemplating the many reasons cities in California and elsewhere are venturing closer to bankruptcy, look no further than the relatively lucrative and often-unjustifiable salaries bestowed on municipal employees – and the lofty pension benefits attached to the high pay. One of the latest examples comes from the California coastal city of Hermosa Beach, where some community service staffers who collect money from parking meters and manage their operations – positions once widely known as “meter maidsâ€â€“ are making nearly $100,000 a year in total compensation, according to city documents. There are 10 parking enforcement employees for the 1.3-square-mile beach city southwest of downtown Los Angeles, and they pull down some disproportionate compensation, considering their job functions.

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …
August 12, 2012 0

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …

By News Desk

Financial Times Alphaville picked up on the story in Chinese Banks’ Weapons of Mass Ponzi We wrote last week that China’s shadow banking system was reflecting and, to an extent, contributing to a growing liquidity risk which in turn is being exacerbated by net capital outflows. Since then, there have been some interesting revelations on the domestic liquidity management, especially in shadow banking, and especially especially in wealth management products