Archive for July, 2009

TheBurningPlatform.com » Economy » DECLINE AND FALL OF THE AMERICAN EMPIRE

Posted in July 31st, 2009
by yoda in Politics, The economy, food crisis, morals and ethics, personal, world events

 
DECLINE AND FALL OF THE AMERICAN EMPIRE

"The decline of Rome was the natural and inevitable effect of immoderate greatness. Prosperity ripened the principle of decay; the causes of destruction multiplied with the extent of conquest; and as soon as time or accident had removed the artificial supports, the stupendous fabric yielded to the pressure of [...]

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The US’s China Syndrome-Minyanville

Posted in July 31st, 2009
by yoda in China, Politics, The economy

 
During the recently completed Strategic and Economic Dialogue, high-level Chinese and US officials spent 2 full days dancing around key issues without seriously engaging in any truly substantive dialogue. In fairness, it was perhaps useful to stage a “get acquainted” feel-good session between officials in both administrations to try to set a new positive tone [...]

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Prepare for more foreclosures … many more – Crain’s New York Business

Posted in July 31st, 2009
by yoda in Politics, The economy, morals and ethics, personal

 
The deluge of home foreclosures swamping New York is nowhere near over, a report from the U.S. Government Accountability Office shows.
The GAO study released Tuesday predicts that the number of foreclosures on homes backed by subprime or low-documentation mortgages could easily double in the coming months or years, which could put tremendous pressure on housing [...]

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Massive Layoffs

Posted in July 31st, 2009
by yoda in News, The economy, personal

http://www.examiner.com/x-6012-State-of-the-World-Examiner~y2009m7d28-Massive-Layoffs?cid=examiner-email
begins
‘Stock market investors shrug off a disaster in our midst: mass layoffs. Investors act as though it will soon be business as usual. Companies cut costs by firing employees that have been with them for decades. Then the companies can report higher earnings from cost-cutting measures. The media then proclaim an increase in earnings. But [...]

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World trade: After the fall | The Economist

Posted in July 30th, 2009
by yoda in News, Peak Oil, The economy, world events

 
After the fall
Jul 27th 2009 From Economist.com
The collapse in world trade has stopped, but there is no sign of a recovery
AFP
WORLD trade has been one of the worst casualties of the global economic slowdown and the source of some particularly startling figures. Towards the end of last year trade all [...]

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