Latest News About The Coming Depression

David Rockefeller “We are on the verge of a global transformation. All we need is the right major crisis.”

Posts tagged with the keyword: ‘jobless’

Canadian Interest rates set to rise in 2011: Economist

Canadian Interest rates set to rise in 2011: Economist

As predicted by many economists like Peter Schiff, central bank interest rates around the world are beginning to rise, or are predicted to rise in a controlled manner in about 2 years’ time according to the bank of Canada’s assessment of its countries’ economic conditions until 2011 according to Helmut Pastrick, chief economist with Central 1.
2.5% [...]

Canadian tourism heavily affected by downturn, passport requirement

Canadian tourism heavily affected by downturn, passport requirement

In a previous blog we explored how the sex industry is a forgotten economic barometer never used in analysis.   However, economists do use tourism statistics in their findings — a similar industry to the adult entertainment sector — indeed, the two are often inter0connected.
About a week ago, I saw a documentary on the CBC [...]

Who Is Stimulus Money Going To?

Who Is Stimulus Money Going To?

There is a large amount of the stimulus targeted for low income families. Two things are there:
1. Since Construction workers in the past had a substantial percentage of illegal residents doing the building, how will the stimulus money assuredly end up in American’s pockets?
2. What about the low income housing itself. Will the homes [...]

Coming Depression Endangers Touted Free Trade

Coming Depression Endangers Touted Free Trade

Business lobbies and corporate groups have long touted the benefits of free trade, but what is it that they do now know, or do not want the general public to know? Indeed, while academia and business praise the merits of Adam Smith and his idea of “Free trade” as practiced by the British East [...]

Next Mortgage Default Wave: Commercial Real Estate

Next Mortgage Default Wave: Commercial Real Estate

Federal Reserve and Treasury officials were scrambling to prevent the commercial real estate to deliver a roundhouse punch to the U.S. economy as it struggles to recover from the carpet.
Gerald Celente, a famed economic forecaster, warned us that their efforts could be undermined by a sharp increase in seizures of commercial properties carrying mortgages [...]

US Real Unemployment Rate at 17%: ADA

US Real Unemployment Rate at 17%: ADA

How are the figures really determined?
Figures for unemployment are published on a monthly basis are in fact derived from a monthly survey of 60,000 households in the United States, known as the Current Population Survey. The survey is conducted by the Census Bureau for the Bureau of Labor Statistics.
The information is collected in the survey [...]

California’s On Way To First Failed State

California’s On Way To First Failed State

It sure seems like California is insolvent. Today we heard that Arnold Schwarzenegger has contacted Hank Paulson to inform him that the State has liquidity problems and require assistance. California ranks as the world’s 9th largest economy with a population of over 30 million people, so it’s quite disturbing.
The state had an economy that [...]

IT Jobs To Get Shaft In Jobless Recovery: Analyst

IT Jobs To Get Shaft In Jobless Recovery: Analyst

It workers always seem to be treated as nothing more than a cost center than anything else. With the ethereal nature of IT work, it is obviously easier to send these jobs overseas where slave labor is abundantly available.
Excerpt
By Patrick Thibodeau of IDG
Once IT spending begins again, companies in need of tech workers will [...]

Tough Times Leading Unemployed To Switch Fields

Tough Times Leading Unemployed To Switch Fields

What this article fails to dive into is that service sector positions as are described as the replacement careers are not substitutes for manufacturing as is the case for Jeff Statham. Services just redistribute wealth; they do not create it.
Excerpt

Paul Brent For Canwest News Service
Jeff Statham was hardly surprised when he received a layoff [...]

U.S. Retail Industry Numbers: 1,131 Store Closings, 9 Chapter 11 Risks, 37 Simultaneous Openings and 284 Expansions in 2010

U.S. Retail Industry Numbers: 1,131 Store Closings, 9 Chapter 11 Risks, 37 Simultaneous Openings and 284 Expansions in 2010

By Barbara Farfan, About.com Guide to Retail Industry
The sum total of the numbers found in the U.S. retail industry store closings, store openings, job cuts, and Chapter 11 assessments in the second half of September don’t add up to recovery yet. But despite the threat of recessionary aftershocks which some predict will hit the retail [...]

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