Tag Archives: Economy

So much for that economic recovery! 

So much for the recovery promised by President Obama eh? The economy got off to an even weaker start this year than first thought, the government reported Friday, as economic activity contracted amid a disappointing trade picture and continued caution on spending by businesses and consumers alike.The 0.7 percent decline in economic output in the […]

Is the collapse of China’s economy beginning?

I have written and posted videos of the situation of China’s economy. Now, it seems that the real estate bubble in China is finally starting to pop. Gordon Chang over at Forbes reports the following: Nothing is going right for Hangzhou at this moment.  Walmart will be closing its Zhaohui store in that city on April 23 as […]

Some good economic news for a change

The economy is recovering, albeit at a very slow pace. Here are two stories on the recovery: Via Market Watch: WASHINGTON (MarketWatch) — Private-sector employment picked up in November, as employers added 215,000 jobs, Automatic Data Processing Inc. reported Wednesday. Economists had forecast that private-sector employers added 178,000 jobs, up from an originally estimated gain […]

Updated with Video: Republicans and Democrats on the hill stand against the Trans Pacific Partnership

Update: Here is video on the subject regarding a leak by Wikileaks on the text of this monstrous thing: (H/T Democracy Now) For once there is something that the President is trying to get accomplished, that the Democrats and Republicans in Congress are actually standing against. For once, this is a very good thing. This […]

From the “You gotta be kidding me” file: House just voted on 2 bills that would undercut new financial regulations

This one somehow snuck past me. I happen to read on Populist Jim Hightower’s website about this one here and I went and looked it up and sure enough; there it was in black and white: The story: WASHINGTON –– To Wall Street, this town might seem like enemy territory. But even as federal regulators and […]