Economy news, articles and information:

Iceland, the land of freedom and true democracy, grows booming economy after jailing bankster criminals

7/3/2015 - Banks around the world are no longer the quaint little savings-and-loan depositories of yesterday. Today, most of them are owned or co-opted by giant mega-wealthy criminal conglomerates that charge customers for everything from cash deposits to ATM fees. One Western country finally figured out that...

212,000 Greeks appeal for humanitarian crisis relief as collapsing economy leads to bank bail-ins

5/24/2015 - Hundreds of thousands of Greek citizens are appealing for humanitarian assistance from the international community as the country's economic condition plunges further into the abyss. As reported by Zero Hedge, citing statistics compiled by Keep Talking Greece, in sum around 212,000 Greeks have applied...

Canadian Finance Minister: US economy 'simply not sustainable'

2/26/2015 - The United States may own the world's biggest economy -- though that is now being debated by some economists who say that China has now taken that spot -- and as such is essentially carrying the global economy. But that won't last, says Canada's finance minister in recent days, because it is simply...

Global economy continues to wither as West Coast ports remain shut down

2/17/2015 - Has the world's economy officially tanked? One radio talk show host thinks so, and he has some data to back it up. In a blog post on his website, Dave Hodges -- host of The Common Sense Show -- notes that economic indices are bottoming out and that's in large part due to a proposed agreement called...

Former US Budget Office president warns economy is nearing final stage of collapse

2/16/2015 3:01:22 PM - The one-time director of the Office of Management and Budget under former President Ronald Reagan has a dire warning for the world's citizens: The global economy has entered "the crack-up phase" that may lead to the evaporation of much of the West's wealth. According to David Stockman, who is also...

Russia prepares to bail out its banks as economy collapses

1/9/2015 - Russia's economic crisis continues to worsen as 2015 begins, with its bank bailout having now been expanded to include Gazprombank, the nation's third-largest lender. On Dec. 31, OAO Gazprombank confirmed that it would receive more than $700 million in aid as the Kremlin scrambles to protect the country's...

The majority of Americans are worried about illegal immigrants destroying their way of life

10/9/2014 - A new survey shows that a wide majority of Americans are increasingly concerned about the negative effects of illegal immigration on the nation's culture and economy. The survey comes as President Barack Obama hints that he may consider new actions to sidestep Congress and implement key provisions...

Ebola outbreak could devastate sectors of U.S. economy, warns Health Ranger

10/9/2014 - A surprisingly large number of sectors of the U.S. economy depend on what I call "public faith in the safety of crowds." Tourism, commercial air travel, restaurants, sporting events and even public transportation all depends on the public believing that coming into close contact with other people is...

Mike Adams warns Ebola may severely damage U.S. economy in eye-opening interview with Dave Hodges

10/8/2014 - The narrow window for containing Ebola in the U.S. has likely already closed, says Mike Adams, the Health Ranger. During a recent interview with Dave Hodges, host of The Common Sense Show, Adams reveals fresh insights into the Ebola outbreak, explaining that the threat of a widespread pandemic is now...

Record number of Americans no longer in workforce as welfare state grows and economy shrinks

7/13/2014 - Five years after the "official end" of the Great Recession of 2008-09, there are a number of signs that the U.S. economy has yet to fully recover. Quarterly GDP -- gross domestic product -- growth has been abysmal, often below 2 percent (which is not enough to sustain the expansion of government programs),...

After destroying health care and economy, Obama now using EPA to destroy industry

12/26/2013 - It's not enough that President Obama has worked overtime to destroy the nation's healthcare system and muck up its financial sector (think the Dodd-Frank "financial reform" law), now he's focused on screwing up the only economic engine driving the American economy: the energy sector. Over the past...

Desperation sinks in as man robs bank for $1 in bid to receive health care in prison

8/30/2013 - No matter how much "assistance" taxpayers provide, there is always going to be a segment of the population that is beyond help. A case in point recently occurred in Oregon. According to Oregon Live, a 50-year-old homeless man recently walked into a bank, held it up for a single dollar, then sat down...

Cause and effect: Americans who voted for Obama now seeing weekly job hours slashed below 30 as Obamacare kicks in

12/12/2012 - It is the ultimate example of how you reap what you sow: Huge numbers of American workers who voted for Obama are now seeing their own jobs slashed below 30 hours a week as employers desperately try to avoid "Obamacare bankruptcy." Obamacare mandates for businesses only apply to those working 30...

Americans are wiping out their savings more than ever before despite the plummeting economy

11/6/2012 - You've likely heard the U.S. economy is in a major slump. More than three years after the Great Recession was officially declared over in 2009, the vast majority of ordinary Americans are still suffering under the crushing weight of a bad economy. Gross Domestic Product, at slightly more than $15...

Are the 'banksters' wrecking the global economy really the Trilateral Commission?

9/7/2012 - Yes, the infamous Trilateral Commission still exists. Many people think the TC, created in 1973 by David Rockefeller, is a relic of an older time. Think again. Patrick Wood, author of Trilaterals Over Washington, points out there are only 87 members of the Trilateral Commission who live in...

Iceland forgives mortgage debt to save its economy

5/6/2012 - It's probably not a concept that most U.S. banks and lawmakers want to think about, but the fact is, Iceland's economy has grown by leaps and bounds since the government there implemented widespread debt forgiveness for many of its citizens. The initiative came about http://www.bloomberg.com " target="_blank">following...

Los Angeles museum director unveils brilliant plan to save national economy by shipping rocks across America (satire)

3/12/2012 - When a Los Angeles museum spent $10 million to move a large boulder across California and use it as a museum attraction, museum director Michael Govan told Reuters the activity was a tremendous boon to the economy. "You couldn't ask for a better gift to the economy right now than to be paying iron workers,...

As economy implodes and households seek cheaper food, McDonald's profits soar

1/25/2012 2:33:56 AM - When times get tough, many people cope by flocking to their favorite "comfort" foods that make them feel good, and that are perceived as being affordable. And this appears to be precisely why fast food giant McDonald's has posted record revenues for this past year, according to a recent report by the...

Theft is on the rise in a worsening economy

7/27/2011 - It is not strange to hear about cars, jewelry or money being stolen. These days, desperate thieves are choosing bizarre targets: copper wires, air conditioning units, storm drain covers, grapes, ambulances, pain killers and even bees. This petty thievery of agricultural goods and odd supplies is the...

The Still Unsolved Problem of the Economy

2/16/2009 - This is not the first time a recession or a depression has occurred. It is an event that happens again and again, a recurring problem, which has yet to be solved. It is unlikely Congress will be able to solve this problem on its own. Senator Byron Dorgan recently admitted that Congress does not understand...

The Cause of the Recession

2/2/2009 - Every day there is news of jobs lost and businesses closing. These lost jobs and closed businesses are not being replaced by new jobs and businesses. Unemployment is increasing. Only two years ago our situation was not like this. What has changed? Why are we heading steadily into a depression? What...

The Ailing Economy is Making People Sicker

2/2/2009 - Medical centers around the country are noticing an increase in patient ills that seems to be connected to the ill economy. Patients are lining up with rising blood pressure and obese patients who had been losing weight are suddenly reversing that trend with the return to cheaper foods and abandoned...

The Federal Reserve Plan: Steal the Value of Your Money and Give It to Banks

12/24/2008 - The Federal Reserve has announced it is lowering the federal funds interest rate to between 0.00% and 0.25%. This means it will now be even easier for banks to create new money. When banks borrow money from the Federal Reserve, the Fed is not lending them money it has saved. The Fed is creating entirely...

The Failing U.S. Economy is Not a Financial Problem, It's a Health Problem

12/18/2008 - The shutdown of the American economy has begun. Today Chrysler announced it would shutter 100% of its factories for one month as it seeks bailout money from the Federal Reserve. The Fed, meanwhile, slashes its interest rates to zero, even while promising to print unlimited trillions of new dollars in...

Health Ranger Offers Thirty-One Predictions for 2009 - Health, Economy, Terrorism and More

12/1/2008 - Making public predictions about the economy, terrorism, politics and health care is always risky business. There are too many variables to track with much certainty, and nobody has a crystal ball that really works. But by looking at the big picture and monitoring trends, we can make some educated guesses...

Economy Woes Ignore True Health Concerns

10/30/2008 - Last Wednesday`s New York Times featured a story with the headline "In Sour Economy, Some Scale Back on Medications", which lamented the fact that "for the first time in at least a decade, the nation`s consumers are trying to get by on fewer prescribed drugs". However, after over a century of mainstream...

Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?

10/8/2008 - In 1942, German intelligence officers rounded up skilled Jewish prisoners and launched Operation Bernhardt, a clever scheme designed to counterfeit hundreds of millions of dollars worth of British Pounds and destroy the British economy by flooding it with counterfeit money. Located in the Sachsenhausen...

The Coming Financial Collapse of America (and Why Today's Market Bloodbath is Only a Small Taste of Things to Come...)

1/22/2008 - Americans have always been fond of the idea of getting rich without effort by putting their money in things that produce no profits and then magically being able to ride those investments, milking them for spending cash that supports a drunken spending lifestyle. From 1998 - 2001, that profit vehicle...

Consumer Reports Tests Show E85 Ethanol Offers Cleaner Emissions but Poorer Fuel Economy (press release)

10/23/2006 - Tests and an investigation by Consumer Reports conclude that E85 ethanol will cost consumers more money than gasoline and that there are concerns about whether the government's support of flexible fuel vehicles is really helping the U.S. achieve energy independence. Findings from CR's special report...

India threatened by business interests: Sell Coke and Pepsi, or your economy will suffer

8/11/2006 - After a Center for Science and Environment study found 24 times the acceptable level of pesticides in soda sold in India, a few state governments acted quickly to ban the big name soft drinks -- Coca-Cola and PepsiCo -- but the country's top business groups warned Thursday that the move could hurt India's...

Disease Economy: How the United States economy runs on "treating" chronic disease

4/4/2006 - This is an article about the disease economy. That's a term I coined because I could find no other existing term to describe what I'm observing in our economy today. I call it the disease economy because such a huge percentage of the economic activity and economic growth I see in this country is based...

The collapse of health and the downfall of the U.S. economy (preview)

3/20/2006 - A new economic study by the U.S. government reveals that health care spending is rising so rapidly in the United States that in less than ten years, it will represent 20% of the domestic economy. That's an astonishing $1 out of every $5 in economic productivity, almost all of which is based on treating...

The Top Ten Technologies: #2 Hydrogen Economy Enablers

7/14/2004 - One of the most significant global trends arriving in the near future is a shift away from fossil fuels and towards hydrogen. The term, "hydrogen economy" refers to a global economy powered by hydrogen, not oil. The hydrogen economy is important for the advancement of humanity for several reasons....

The hydrogen economy is closer than you think; key technologies accelerate progress

5/5/2004 8:20:25 AM - A report from the National Academies says that the hydrogen economy will take decades to unfold. Any positive impact on carbon dioxide emissions and a reduction in oil imports will be minor for the next 25 years, the report says. Now, for the real story: The report is too pessimistic on the...

Personal Debt Out Of Control; U.S. Economy Awash in Debt

10/13/2003 4:02:47 PM - This story by Justin Lahart nails the issue with the kind of reporting that's both uncommon and courageous. Ringing the alarm bells on the U.S. economy is, well, unpopular. But Lahart is quite correct. He describes the debt bubble as potentially dwarfing the stock market bubble of 2000. Personal...

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