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Global Economic Collapse, nation by nation
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PostPosted: Mon Sep 10, 2012 4:32 am    Post subject:  Reply with quote

America needs to CEASE the minimum wage!  Exclamation
That prevents many from being hired.
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BornAgain2



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PostPosted: Sat Sep 22, 2012 11:15 am    Post subject: Reply with quote

21 Facts About America's Decaying Infrastructure That Will Blow Your Mind

You can tell a lot about a nation by the condition of the infrastructure.  So what does our infrastructure say about us?  It says that we are in a very advanced state of decay.  At this point, much of America is being held together with spit, duct tape and prayers.  Our roads are crumbling and thousands of our bridges look like they could collapse at any moment.  Our power grid is ancient and over a trillion gallons of untreated sewage is leaking from our aging sewer systems each year.  Our airports and our seaports are clogged with far more traffic than they were ever designed to carry.  Approximately a third of all of the dam failures that have taken place in the United States since 1874 have happened during the past decade.  Our national parks and recreation areas have been terribly neglected and our railroads are a bad joke.  Hurricane Katrina showed how vulnerable our levees are, and drinking water systems all over the country are badly outdated.  Sadly, at a time when we could use significant new investment in infrastructure, our spending on infrastructure is actually way down.  Back during the 50s and the 60s, the U.S. was spending between 3 and 4 percent of GDP on infrastructure.  Today, that figure is down to about 2.4 percent.  But of course we don't have any extra money to spend on infrastructure because of our reckless spending and because of the massive amount of debt that we have accumulated.  While the Obama administration is spending more than half a million dollars to figure out why chimpanzees throw poop, our national infrastructure is literally falling apart all around us.  Once upon a time nobody else on the planet could match our infrastructure, and now we are in the process of becoming a joke to the rest of the world.

The following are 21 facts about America's failing infrastructure that will blow your mind....

#1 The American Society of Civil Engineers has given America's crumbling infrastructure an overall grade of D.

#2 There are simply not enough roads in the United States today.  Each year, traffic jams cost the commuters of America 4.2 billion hours and about 2.8 million gallons of gasoline.

#3 It is being projected that Americans will spend an average of 160 hours stuck in traffic annually by the year 2035.

#4 Approximately one-third of all roads in the United States are in substandard condition.

#5 Close to a third of all highway fatalities are due "to substandard road conditions, obsolete road designs, or roadside hazards."

#6 One out of every four bridges in America either carries more traffic than originally intended or is in need of repair.

#7 Repairing all of the bridges in the United States that need repair would take approximately 140 billion dollars.

#8 According to the U.S. Chamber of Commerce, our decaying transportation system costs the U.S. economy about 78 billion dollars annually in lost time and fuel.

#9 All over America, asphalt roads are being ground up and are being replaced with gravel roads because they are cheaper to maintain.  The state of South Dakota has transformed over 100 miles of asphalt roads into gravel roads, and 38 out of the 83 counties in the state of Michigan have transformed at least some of their asphalt roads into gravel roads.

#10 There are 4,095 dams in the United States that are at risk of failure.  That number has risen by more than 100 percent since 1999.

#11 Of all the dam failures that have happened in the United States since 1874, a third of them have happened during the past decade.

#12 Close to half of all U.S. households do not have access to bus or rail transit.

#13 Our aging sewer systems spill more than a trillion gallons of untreated sewage every single year.  The cost of cleaning up that sewage each year is estimated to be greater than 50 billion dollars.

#14 It is estimated that rolling blackouts and inefficiencies in the U.S. electrical grid cost the U.S. economy approximately 80 billion dollars a year.

#15 It is being projected that by the year 2020 every single major container port in the United States will be handling at least double the volume that it was originally designed to handle.

#16 All across the United States, conditions at many of our state parks, recreation areas and historic sites are deplorable at best.  Some states have backlogs of repair projects that are now over a billion dollars long....

More than a dozen states estimate that their backlogs are at least $100 million. Massachusetts and New York's are at least $1 billion. Hawaii officials called park conditions "deplorable" in a December report asking for $50 million per year for five years to tackle a $240 million backlog that covers parks, trails and harbors.

#17 Today, the U.S. spends about 2.4 percent of GDP on infrastructure.  Meanwhile, China spends about 9 percent of GDP on infrastructure.

#18 In the United States today, approximately 16 percent of our construction workers are unemployed.

#19 China has plans to build 55,000 miles of highways by the year 2020.  If all of those roads were put end to end, it would be longer than the total length of the entire U.S. interstate system.

#20 The World Economic Forum ranks U.S. infrastructure 23rd in the world, and we fall a little bit farther behind the rest of the developed world every single day.

#21 It has been projected that it would take 2.2 trillion dollars over the next 5 years just to repair our existing infrastructure.  That does not even include a single penny for badly needed new infrastructure.

So where did we go wrong?

Well, one of the big problems is that we have become a very materialistic society that is obsessed with short-term thinking.  Investing in infrastructure is something that has long-term benefits, but these days Americans tend to only be focused on what is happening right now and most politicians are only focused on the next election cycle.

Another major problem is that there is so much corruption and waste in our system these days.  The government certainly spends more than enough money, but very little of that money is spent wisely.  A lot of the money that could be going toward rebuilding our infrastructure is being poured down the toilet instead.  For much more on this, please read my previous article entitled "16 Sickening Facts That Show How Members Of Congress And Federal Workers Are Living The High Life At Your Expense".


Unfortunately, it is probably appropriate that our infrastructure is decaying because we are decaying in just about every other way that it is possible for a society to decay.

We are decaying economically, politically, mentally, emotionally, physically, morally and spiritually.

We are a complete and total mess.  So why shouldn't what is happening to our infrastructure on the outside match what is happening to us as a nation on the inside?

And sadly, we simply do not have the money that we need for infrastructure because of all the debt that we have piled up.  The federal government, our state governments and our local governments are all struggling to stay afloat in an ocean of red ink, and unfortunately that means that spending on infrastructure is likely to be cut even more in the years ahead.

So get used to rotting, crumbling, decaying infrastructure.  What you see out there right now is only just the beginning.

http://theeconomiccollapseblog.co...tructure-that-will-blow-your-mind
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BornAgain2



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PostPosted: Mon Sep 24, 2012 9:12 am    Post subject: Reply with quote

More Americans Now Commit Suicide Than Die In Car Wrecks

9/22/12

Suicide is the cause of more deaths than car crashes, according to an alarming new study. The number of people who commit suicide in the U.S. has drastically increased while deaths from car accidents have dropped, making suicide the leading cause of injury death. Sui- cides via falls or poisoning have risen significantly and experts fear that there could be many more unaccounted for, particularly in cases of overdose. 'Suicides are terribly under-counted,' said Ian Rockett, author of the study, published on Thursday in the American Journal of Public Health. 'I think the problem is much worse than official data would lead us to believe. We have a situation that has gotten out of hand.'  

MORE: http://www.dailymail.co.uk/news/a...ricans-lives-die-car-crashes.html
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PostPosted: Thu Sep 27, 2012 4:09 pm    Post subject: Reply with quote

http://money.msn.com/business-new...amp;date=20120927&id=15606277

9/27/12

BRUSSELS (AP) - The European Union said Thursday it is asking the World Trade Organization to impose up to $12 billion per year in sanctions on the U.S. as part of a long-running dispute involving government subsidies to plane-makers Airbus and Boeing.

The EU said in a statement the amount was "based on estimates of the damages suffered by the EU due to unfair and biased competition from the U.S. industry," which received U.S. government subsidies
.

The action marks the latest salvo in a seven-year dispute between the EU and the U.S. over subsidies to the two plane-makers.

Officials from France, where Airbus is based, welcomed the EU's decision.

"The aerospace companies need to have a level playing field in international competition," Foreign Trade Minister Nicole Bricq and Transport Minister Frederic Cuvillier said in a statement. "This conflict has gone on too long now. We must put an end to it and restore fair competition. It is important for European companies and jobs. "

An Airbus spokeswoman also praised the EU decision.

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PostPosted: Fri Sep 28, 2012 12:53 pm    Post subject: Reply with quote

14 Signs That The World Economy Is Getting Weaker

The United States is not the only one with massive economic problems right now.  The truth is that just about wherever you look around the globe things are getting even worse.  China is experiencing a substantial economic slowdown, and Japan has resorted to yet another round of money printing in an effort to keep the Japanese economy moving.  Unemployment in Europe continues to get even worse, and the riots this week in Spain and in Greece have been absolutely frightening at times.  In the United States there are a whole host of signs that another recession is approaching, and the number of American CEOs that say that they plan to eliminate jobs in the coming months is rapidly rising.  The world economy is more interconnected today than ever before, and that means that we are all in this together.  Just remember what happened back in 2008 and 2009.  The economic pain that started on Wall Street was felt in every corner of the planet.  So anyone that believes that the United States (or any other major nation for that matter) is going to escape the next wave of the economic crisis is simply not being realistic.  Why do you think central banks all over the world are in "panic mode" right now?  They are firing all of their ammunition and printing money like there is no tomorrow in an attempt to keep the system together.  Unfortunately, it is not going to work.

If the powers that be had an "easy button" that would quickly fix everything, they would have pressed it by now.  But despite all of their efforts things continue to unravel.  If you want to get an idea of where we are headed,  just look at what is already happening in Europe.   Unemployment has risen above 24 percent in Greece and above 25 percent in Spain.

Those two nations are on the "bleeding edge" of the next wave of economic problems.  Unemployment is rising almost everywhere else in Europe as well, and things are eventually going to get really bad in Asia and in North America too.

So hold on to your seat belts - it is going to be a bumpy ride.

The following are 14 signs from around the globe that the world economy is getting weaker....

#1 Things in China do not look good right now.  The Shanghai Composite index fell to its lowest point in over 3 years earlier this week.  Will the S&P 500 soon follow suit?

#2 The Bank of Japan has resorted to yet another round of money printing in a desperate attempt to try to bolster the faltering Japanese economy....

In Asia, the Bank of Japan has long been manufacturing money out of thin air. It has just announced an eighth round of money printing to prop up the ailing Japanese economy. The Bank of Japan is to purchase 10 trillion yen of bonds to add further liquidity into the financial system. Now it has 80 trillion yen of bonds in its portfolio, equivalent to 20 per cent of Japan's gross domestic product.

#3 In Spain, violent demonstrations over the state of the Spanish economy just outside the national Parliament building in Madrid on Tuesday evening made headlines all over the globe.  You can view video of police brutally beating young Spanish protesters during those demonstrations right here.

#4 As unemployment hovers around the 25 percent mark, foraging through garbage bins for food has become so rampant in Spain that one city has actually started putting locks on supermarket garbage bins "as a public health precaution".

#5 Despite all of the money printing that the ECB has been doing, the yield on 10 year Spanish bonds has risen back up to about 6 percent again.

#6 The economic protests in Greece are getting completely and totally out of control.  Just check out this description of the "Day of Rage" that took place in Greece earlier this week....

Police fired stun grenades and tear gas at protesters yesterday as tens of thousands poured into the streets of Athens as part of a nationwide strike to challenge a new round of austerity measures that are expected to cut wages, pensions and healthcare once again.

Dozens of youths, some masking their faces with helmets and T-shirts, hurled Molotov ****tails and rocks at police who fired back in an effort to scatter the angry crowds around the parliament building. More than 50,000 people are believed to have participated in the mass walk-out in Athens alone.

#7 The unemployment rate in France has risen for 16 months in a row and is now the highest that it has been in over a decade.

#8 As I wrote about recently, the number of unemployed workers in Italy has increased by more than 37 percent over the past year.

#9 New orders for durable goods in the United States fell by a whopping 13.2 percent in August.  That was the largest decline that we have seen since the middle of the last recession (January 2009).

#10 According to the Bureau of Economic Analysis, U.S. GDP only grew at a 1.3 percent annual rate during the second quarter of 2012 as opposed to the 1.7 percent annual rate previously reported.

#11 The U.S. Postal Service is about to experience its second financial default in just the past two months....

The U.S. Postal Service will default this week on a $5.6 billion congressionally mandated obligation to pre-fund retiree health benefits, marking the second time in two months the cash-strapped agency has done this.

#12 It looks like General Motors is on a path that will lead to bankruptcy (again).

#13 According to a recent survey conducted by State Street Global Advisors, 71 percent of "investors in a survey of 300 around the world, including the largest pension funds, asset managers and private banks, fear an imminent Lehman-like event."

#14 According to a recent survey of American CEOs by Business Roundtable, the number of CEOs that plan to eliminate jobs has risen significantly from earlier this year....

The CEOs’ decline in confidence comes alongside a worsening employment outlook. Thirty-four percent of the 138 CEOs surveyed said in this quarter’s survey that they expected their companies to cut jobs in the next six months, compared to just 20 percent in the second quarter. Likewise, only 29 percent say they expect employment to grow in the next half year, down from 36 percent last quarter.

But the mainstream media in the United States would like us to believe that everything is getting better.

The mainstream media would like us to believe that QE3 is going to stimulate lots of new hiring all over America, and they are greatly celebrating the fact that the S&P 500 hit a five year high on Thursday.

Well, those on Wall Street should celebrate this monetary "sugar high" while they still can.  Of course QE3 was going to cause stock prices to rise in the short-term, but the reality of the matter is that QE3 is not going to do a thing to stop the financial markets from crashing when the time comes for them to crash.

Economies tend to flourish in a stable, predictable environment.  When you start recklessly printing money, it may help your economic numbers in the short-term, but it disrupts the stability of the system.

And once you have created a tremendous amount of instability, it is really, really hard to convince people that you can create stability once again.

When it comes to economics, confidence is one of the most important ingredients.  If people lose confidence in the system, it almost does not matter what else you do.

As I wrote about the other day, quantitative easing worked for the Weimar Republic for a little while, but in the end it resulted in total disaster.

It will also end in total disaster for us.

All over the globe financial authorities are playing all sorts of games in an attempt to keep the system functioning smoothly.  But these games are going to steadily undermine confidence in the system, and that is going to prove to be absolutely deadly.

Take advantage of this period of relative stability while you still can, because when it is gone it is not coming back.

http://theeconomiccollapseblog.co...e-world-economy-is-getting-weaker
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PostPosted: Tue Oct 02, 2012 12:34 am    Post subject: Reply with quote

http://www.telegraph.co.uk/financ...and-reveals-two-speed-Europe.html

Eurozone unemployment has hit a record high, revealing further evidence of a two-speed Europe as increasing numbers of young people in Spain, Greece and Italy desperately seek work while Germany's jobless rate continues to fall.

10/1/12

The eurozone unemployment rate was 11.4pc in August, up from 10.2pc last year. Data from the EU statistics agency Eurostat estimated that 25.5m men and women were out of work over the period, 18.2m of whom were in the eurozone.

Compared with the previous month the number of unemployed people in the EU rose by 49,000 and in the eurozone by 34,000.

The overall unemployment rate in Spain has reached 25.1pc, while the latest data from Greece for June shows a figure of 24.4pc. The outlook is far more optimistic in Germany, however, where just 5.5pc of people are out of work.

Youth unemployment in the eurozone is stable at 22.8pc, down slightly from 22.9pc during July, but up from 20.7pc year-on-year.

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PostPosted: Thu Oct 04, 2012 1:47 pm    Post subject: Reply with quote

http://www.bloomberg.com/news/201...t-on-record-high-spot-prices.html

10/3/12

 California Gas Stations Begin to Shut on Record-High Prices
 

Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps because of supply shortages that have driven wholesale fuel prices to record highs.
Costco’s outlet in Simi Valley, 40 miles (64 kilometers) northwest of Los Angeles, ran out of regular gasoline yesterday and was selling premium fuel at the price of regular, Jeff Cole, Costco’s vice president of gasoline, said by telephone. The company hasn’t been able to find enough unbranded summer-grade gasoline to keep its stations supplied, he said.

The gasoline shortage “feels like a hurricane to me, but it’s the West Coast,” Cole said yesterday. “We’re obviously extremely disheartened that we are unable to do this, and we’re pulling fuel from all corners of California to fix this.”

Spot, or wholesale, gasoline in Los Angeles climbed 30 cents to $1.45 a gallon over gasoline futures traded on the New York Mercantile Exchange, data compiled by Bloomberg show. That’s the highest level for the fuel since at least November 2007, when Bloomberg began publishing prices there. The premium has surged $1 this week. On an outright basis, the fuel jumped to $4.3396 a gallon.
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PostPosted: Sat Oct 06, 2012 8:29 pm    Post subject: Reply with quote

WORLD ECONOMY - World Food Prices Rose 1.4% In Sept. - Europe - U.S. - Fraud - Oil - Einhorn vs Taco Bell - Zynga/Facebook - Inida Freak Orders - China - Gold : Youri Carma
7 October 2012
, by Youri Carma (Max Keiser)


WORLD ECONOMY:
- World food prices rose 1.4% in Sept.
- IMF lowers economic outlook for Germany
- Leading institutes cut euro-zone growth forecast
- Euro-zone manufacturing PMI confirms contraction
- Euro-zone jobless rate hit record highs
- Spain jobless claims rise
- US jobless claims rise
- High California gas prices start to take a toll
- US Factory orders slump 5.2% in August
- Japan big manufacturers' sentiment worsens
- South Korea factory slump deepens


WORLD ECONOMY:
- EUROPE
- GREECE
- U.S.
- ONLY FOR WEALTHY HOME BUYERS
- FRAUD
- OIL
- GOVERNMENT PACTS
- QEIII
- EINHORN vs TACO BELL
- ZYNGA - FACEBOOK
- HP
- PIMCO
- INDIA FREAK ORDERS
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- GOLD
- PLATINUM
- IRON
- MONSANTO
- MISCELLANEOUS


WORLD ECONOMY

World food prices rose 1.4% in Sept. http://www.marketwatch.com/story/...prices-rose-14-in-sept-2012-10-04

S&P keeps negative outlook on Argentina's ratings http://www.marketwatch.com/story/...-on-argentinas-ratings-2012-10-01

EUROPE

IMF lowers economic outlook for Germany http://www.marketwatch.com/story/...ic-outlook-for-germany-2012-10-05

Euro-zone PMI points to 'inevitable' recession http://www.marketwatch.com/story/...o-inevitable-recession-2012-10-03

Euro-zone manufacturing PMI confirms contraction http://www.marketwatch.com/story/...i-confirms-contraction-2012-10-01

Leading institutes cut euro-zone growth forecast http://www.marketwatch.com/story/...o-zone-growth-forecast-2012-10-05

Sorry, Portugal, no OMT for you … yet http://blogs.marketwatch.com/thet...orry-portugal-no-omt-for-you-yet/

Santander may sell loans to B. of A. Merrill Lynch http://www.marketwatch.com/story/...o-b-of-a-merrill-lynch-2012-10-04

Spain's Banco Popular hires banks to raise capital http://www.marketwatch.com/story/...banks-to-raise-capital-2012-10-04

EU doubts Spain's 2013 deficit target: report http://www.marketwatch.com/story/...-deficit-target-report-2012-10-04

Spain ready for bailout, Germany objects: report http://www.marketwatch.com/story/...germany-objects-report-2012-10-02

Spain jobless claims rise 1.7% in September http://www.marketwatch.com/story/...s-rise-17-in-september-2012-10-02

Euro-zone jobless rate hit record highs http://www.marketwatch.com/story/...-record-highs-2012-10-01-54853923

Moody's: Spain bank plan my be 'insufficient' http://www.marketwatch.com/story/...plan-my-be-insufficent-2012-10-01

ECB: Banks Friday borrowed more cash overnight http://www.marketwatch.com/story/...ed-more-cash-overnight-2012-10-01

U.K. Sept. manufacturing PMI falls to 48.4 http://www.marketwatch.com/story/...uring-pmi-falls-to-484-2012-10-01

Nearly all EU nuclear plants need upgrades: report http://www.marketwatch.com/story/...s-need-upgrades-report-2012-10-01

Coeure: ECB must be open to rule changes http://www.marketwatch.com/story/...e-open-to-rule-changes-2012-10-01

ECB: Banks Friday borrowed more cash overnight http://www.marketwatch.com/story/...ed-more-cash-overnight-2012-10-01

French car registrations plunge 18% http://www.marketwatch.com/story/...egistrations-plunge-18-2012-10-01

French car registrations plunge in September http://www.marketwatch.com/story/...ns-plunge-in-september-2012-10-01

U.K. Sept. manufacturing PMI falls to 48.4 http://www.marketwatch.com/story/...uring-pmi-falls-to-484-2012-10-01

GREECE

National Bank of Greece outlines bid for Eurobank http://www.marketwatch.com/story/...lines-bid-for-eurobank-2012-10-05

National Bank of Greece in merger talks: reports http://www.marketwatch.com/story/...n-merger-talks-reports-2012-10-05

EU OKs Greek plan to extend OPAP exclusive rights http://www.marketwatch.com/story/...-opap-exclusive-rights-2012-10-03

U.S.

Southwest Airlines traffic falls 2.1% in September http://www.marketwatch.com/story/...-in-september-2012-10-05-94851823

September sales raise red flags for holidays http://www.marketwatch.com/story/...raises-holiday-concern-2012-10-04

Factory orders slump 5.2% in August http://www.marketwatch.com/story/...ers-slump-52-in-august-2012-10-04

Mortgage rates at record lows as 30-year at 3.36% http://www.marketwatch.com/story/...lows-as-30-year-at-336-2012-10-04

Consumer loan delinquencies up in eight categories http://www.marketwatch.com/story/...up-in-eight-categories-2012-10-04

U.S. initial jobless claims climb to 367,000 http://www.marketwatch.com/story/...claims-climb-to-367000-2012-10-04

Weekly jobless claims rise to 367,000 from 363,000 http://www.marketwatch.com/story/...-to-367000-from-363000-2012-10-04

Sept. planned layoffs up nearly 5%: Challenger http://www.marketwatch.com/story/...up-nearly-5-challenger-2012-10-04

Treasury yields near lowest in a month http://www.marketwatch.com/story/...near-lowest-in-a-month-2012-10-03

Fiscal cliff is bad for the dollar: survey http://blogs.marketwatch.com/thet...iff-is-bad-for-the-dollar-survey/

Fitch: Credit-card asset-backed securities climb http://www.marketwatch.com/story/...acked-securities-climb-2012-10-03

Bullish sentiment fell last week: survey http://www.marketwatch.com/story/...-fell-last-week-survey-2012-10-03

Where downtown housing is hot, and where it’s not http://www.marketwatch.com/story/...-hot-and-where-its-not-2012-10-02

Where downtown housing is hot, and where it’s not http://www.marketwatch.com/story/...here-its-not-2012-10-02-131034829

Truecar: U.S. car prices largely flat in Sept. http://www.marketwatch.com/story/...s-largely-flat-in-sept-2012-10-02

Delta traffic fell 1.1% in September http://www.marketwatch.com/story/...c-fell-11-in-september-2012-10-02

Express cuts Q3 view on customer-traffic change http://www.marketwatch.com/story/...ustomer-traffic-change-2012-10-02

Duke nuclear plant costs could top $3 bln: study http://www.marketwatch.com/story/...-could-top-3-bln-study-2012-10-02

St. Louis Fed maps 460 bank failures since 2007 http://blogs.marketwatch.com/thet...aps-460-bank-failures-since-2007/

U.S. August construction spending down 0.6% http://www.marketwatch.com/story/...ction-spending-down-06-2012-10-01

ONLY FOR WEALTHY HOME BUYERS

Banks pump up perks to lure wealthy home buyers http://www.marketwatch.com/story/...s-to-woo-top-customers-2012-10-05

Retailer Gigante to invest in real-estate projects http://www.marketwatch.com/story/...n-real-estate-projects-2012-10-02

WSJ launches new luxury real-estate section http://www.marketwatch.com/story/...ry-real-estate-section-2012-10-02

FRAUD

Cooking the books? See the charts on jobs report http://www.marketwatch.com/story/...-charts-on-jobs-report-2012-10-05

SEC ad rule would favor hedge funds over mutuals http://www.marketwatch.com/story/...ld-make-bold-ad-claims-2012-10-04

Lehman trustee, Swiss unit settle $6 bln dispute http://www.marketwatch.com/story/...t-settle-6-bln-dispute-2012-10-04

IRS awards $2 million to tax informant http://www.marketwatch.com/story/...llion-to-tax-informant-2012-10-04

Kraft erroneous trades cancelled using post flash-crash rule http://blogs.marketwatch.com/thet...lled-using-post-flash-crash-rule/

Arqule trips short-selling circuit breaker http://www.marketwatch.com/story/...elling-circuit-breaker-2012-10-02

Panel at SEC backs high-speed trading kill switch http://www.marketwatch.com/story/...ed-trading-kill-switch-2012-10-02

Feds charge 91 with scamming Medicare for $430 mln http://www.marketwatch.com/story/...g-medicare-for-430-mln-2012-10-04

Big Pharma to benefit from growth in diabetes: S&P http://blogs.marketwatch.com/thet...nefit-from-growth-in-diabetes-sp/

SEC fines Boston-based ‘dark pool’ $800,000 http://www.marketwatch.com/story/...-pool-800000-2012-10-03-131033042

Software company CEO charged in fraud scheme http://www.marketwatch.com/story/...harged-in-fraud-scheme-2012-10-03

Madoff Ponzi scheme's final days detailed in indictment http://blogs.marketwatch.com/thet...inal-days-detailed-in-indictment/

Madoff scheme reportedly started in early 1970's http://www.marketwatch.com/story/...started-in-early-1970s-2012-10-01

J.P. Morgan sued over mortgage securities: WSJ http://www.marketwatch.com/story/...ortgage-securities-wsj-2012-10-01

N.Y. AG sues J.P. Morgan over mortgage securities http://www.marketwatch.com/story/...er-mortgage-securities-2012-10-01

In J.P. Morgan suit, timing is everything http://www.marketwatch.com/story/...t-timing-is-everything-2012-10-02

Credit Suisse changes stock-rating methodology http://www.marketwatch.com/story/...ock-rating-methodology-2012-10-02

Vanguard to change benchmarks for 22 index funds http://www.marketwatch.com/story/...rks-for-22-index-funds-2012-10-02

AmEx to pay $113 mln for ‘illegal’ practices: U.S. http://www.marketwatch.com/story/...r-illegal-practices-us-2012-10-01

Supreme Court won't hear body-scanner appeal http://www.marketwatch.com/story/...ar-body-scanner-appeal-2012-10-01

Bunge suspended from key grain-trader registry http://www.marketwatch.com/story/...-grain-trader-registry-2012-10-01

TSE, OSE to combine derivatives trade settlements http://www.marketwatch.com/story/...ives-trade-settlements-2012-09-30

Zillow shares fall amid SEC inquiry http://www.marketwatch.com/story/...-fall-amid-sec-inquiry-2012-10-02

OIL

High California gas prices start to take a toll http://www.marketwatch.com/story/...s-start-to-take-a-toll-2012-10-06

No relief soon for California gasoline prices http://www.marketwatch.com/story/...fornia-gasoline-prices-2012-10-06

Exxon refinery in California resumes operations http://www.marketwatch.com/story/...nia-resumes-operations-2012-10-05

California gasoline prices top $4.50 a gallon; Phillips 66 shares up http://blogs.marketwatch.com/thet...0-a-gallon-phillips-66-shares-up/

Murphy Oil price hiked on Third Point action http://www.marketwatch.com/story/...-on-third-point-action-2012-10-05

California gasoline prices soar amid supply crunch http://www.marketwatch.com/story/...upply-crunch-2012-10-04-234854953

Bakken crude prices rise as railroad reach grows http://www.marketwatch.com/story/...d-reach-grows-2012-10-04-14485240

Natural gas turns lower after EIA supply data http://www.marketwatch.com/story/...-after-eia-supply-data-2012-10-04

Atlantic Coal more than doubles Q3 coal production http://www.marketwatch.com/story/...les-q3-coal-production-2012-10-04

Crude inventories dropped 482,000 bbls last week http://www.marketwatch.com/story/...-482000-bbls-last-week-2012-10-03

Marathon Oil announces entry into Ethiopia http://www.marketwatch.com/story/...nto-ethiopia-2012-10-03-104852417

Oil supplies rise less than expected: API http://www.marketwatch.com/story/...less-than-expected-api-2012-10-02

Deutsche Bank lifts Brent-crude view due to supply http://www.marketwatch.com/story/...ude-view-due-to-supply-2012-10-02

Goldman says gasoline price spikes tied to euro crisis; Morgan Stanley sees headwinds for crude http://blogs.marketwatch.com/thet...stanley-sees-headwinds-for-crude/

Retail gas prices hit daily records for six-straight weeks: AAA http://blogs.marketwatch.com/thet...cords-for-six-straight-weeks-aaa/

Shell shuts key Nigeria oil pipeline due to fire http://www.marketwatch.com/story/...-due-to-fire-2012-09-30-214852419

GOVERNMENT PACTS

Alstom gets 25-year railway contract in Kazakhstan http://www.marketwatch.com/story/...in-kazakhstan-2012-10-03-44855942

ABB gets $115M order to improve Saudi rail network http://www.marketwatch.com/story/...ove-saudi-rail-network-2012-10-03

1Spatial gets 5-year U.S. government pact http://www.marketwatch.com/story/...ear-us-government-pact-2012-10-03

Alliance wins approval for Bakken pipeline http://www.marketwatch.com/story/...al-for-bakken-pipeline-2012-10-01

QEIII

QE3 was a sign of failure http://www.marketwatch.com/story/qe3-was-a-sign-of-failure-2012-10-04

QE’s biggest problem? Destruction of savings http://www.marketwatch.com/story/...on-of-savings-2012-10-03-81031426

Australia surprises with another rate cut http://www.marketwatch.com/story/...-with-another-rate-cut-2012-10-02

Australia surprises with 0.25 point rate cut http://www.marketwatch.com/story/...ith-025-point-rate-cut-2012-10-02

Bank Of Queensland cuts home loan rate http://www.marketwatch.com/story/...nd-cuts-home-loan-rate-2012-10-02

Which central bank is the next to surprise? http://www.marketwatch.com/story/...nks-to-watch-this-week-2012-10-02

The markets are the message for inflation http://www.marketwatch.com/story/...-message-for-inflation-2012-10-02

Bank of Mexico survey highlights inflation worries http://www.marketwatch.com/story/...ghts-inflation-worries-2012-10-01

EINHORN vs TACO BELL

Chipotle: Taco Bell's new menu not hurting sales http://www.marketwatch.com/story/...menu-not-hurting-sales-2012-10-02

Einhorn short-orders Chipotle on Taco Bell’s rise http://www.marketwatch.com/story/...tle-on-taco-bells-rise-2012-10-02

Einhorn's Chipotle-vs.-Taco Bell comment draws sharp responses http://blogs.marketwatch.com/thet...s-taco-bell-draw-sharp-responses/

Einhorn to speak Tuesday: get your short orders ready http://blogs.marketwatch.com/thet...sday-get-your-short-orders-ready/

Einhorn: Chipotle faces challenges from Taco Bell http://www.marketwatch.com/story/...llenges-from-taco-bell-2012-10-02

ZYNGA - FACEBOOK

Social-media shares' paper losses in the billions http://www.marketwatch.com/story/...losses-in-the-billions-2012-10-06

Zynga falls after hours, extending dayside loss http://www.marketwatch.com/story/...extending-dayside-loss-2012-10-05

Zynga, Facebook weigh down techs http://www.marketwatch.com/story/...lide-tech-stocks-rally-2012-10-05

Zynga in a pinch as Facebook gaming shifts http://www.marketwatch.com/story/...facebook-gaming-shifts-2012-10-05

Zynga's game business now valued at zero by investors http://blogs.marketwatch.com/thet...-now-valued-at-zero-by-investors/

Zynga downgraded by Baird to neutral http://www.marketwatch.com/story/...ed-by-baird-to-neutral-2012-10-05

Zynga still falling — without a fall guy http://www.marketwatch.com/story/...ing-without-a-fall-guy-2012-10-04

Zynga shares tumble after hours following outlook http://www.marketwatch.com/story/...ours-following-outlook-2012-10-04

Zynga crashes after cutting outlook http://www.marketwatch.com/story/...-after-cutting-outlook-2012-10-04

Zynga cuts outlook; writes down acquisition http://www.marketwatch.com/story/...rites-down-acquisition-2012-10-04

Facebook seeks to halve size of credit line: WSJ http://www.marketwatch.com/story/...ize-of-credit-line-wsj-2012-10-05

J.P. Morgan cuts view for Facebook's Payments unit http://www.marketwatch.com/story/...acebooks-payments-unit-2012-10-05

HP

Moody's puts H-P on review for downgrade http://www.marketwatch.com/story/...or-downgrade-2012-10-04-194855531

H-P tanks as Whitman sees more pain ahead http://www.marketwatch.com/story/...n-points-to-tough-year-2012-10-03

IBM wins protest against H-P government contract http://www.marketwatch.com/story/...-p-government-contract-2012-10-03

PIMCO

Pimco's Bill Gross says he's buying peripheral European debt http://blogs.marketwatch.com/thet...-buying-peripheral-european-debt/

Pimco's El-Erian says 'mini-bargain' could cut hit from fiscal cliff to 1.5% http://blogs.marketwatch.com/thet...cut-hit-from-fiscal-cliff-to-1-5/

Bill Gross says only gold and real assets will thrive in fiscal 'ring of fire' http://blogs.marketwatch.com/thet...ll-thrive-in-fiscal-ring-of-fire/

INDIA FREAK ORDERS

Abnormal orders disrupt trading for Mumbai stocks http://www.marketwatch.com/story/...ding-for-mumbai-stocks-2012-10-05

Trade resumes at India exchange after freak orders http://www.marketwatch.com/story/...rse-after-freak-trades-2012-10-05

CHINA

Mitsubishi Motors: China auto sales drop 62.9% http://www.marketwatch.com/story/...na-auto-sales-drop-629-2012-10-05

Fall in China sales a double-whammy for Japan auto makers http://blogs.marketwatch.com/thet...ble-whammy-for-japan-auto-makers/

Nissan: Anti-Japanese sentiment hit China sales http://www.marketwatch.com/story/...timent-hit-china-sales-2012-10-05

Toyota plans big production cut in China: reports http://www.marketwatch.com/story/...n-cut-in-china-reports-2012-10-04

Deutsche Bank cuts Zhaojin rating, but ups target http://www.marketwatch.com/story/...-rating-but-ups-target-2012-10-04

Macau September gambling revenue up 12% on year http://www.marketwatch.com/story/...-revenue-up-12-on-year-2012-10-04

China's services sector PMI cools in September http://www.marketwatch.com/story/...pmi-cools-in-september-2012-10-03

China consumer sentiment slips in September http://www.marketwatch.com/story/...ent-slips-in-september-2012-10-03

ADB slashes Chinese, Indian, other Asian estimates http://www.marketwatch.com/story/...-other-asian-estimates-2012-10-02

China's workers are revolting http://www.marketwatch.com/story/...are-revolting-2012-10-01-54851123

China manufacturing contracts for second month http://www.marketwatch.com/story/...nd-monthly-contraction-2012-10-01

JAPAN

Japan big manufacturers' sentiment worsens: Tankan http://www.marketwatch.com/story/...ntiment-worsens-tankan-2012-09-30

SOUTH KOREA

South Korea car sales remain weak despite tax cuts http://www.marketwatch.com/story/...-weak-despite-tax-cuts-2012-10-04

South Korea factory slump deepens, data show http://www.marketwatch.com/story/...ump-deepens-data-shows-2012-10-02

S. Korea Sept. exports drop 1.8% to $45.66 billion http://www.marketwatch.com/story/...rop-18-to-4566-billion-2012-09-30

AUSTRALIA

Australia's trade deficit widens in August http://www.marketwatch.com/story/...ficit-widens-in-august-2012-10-02

GOLD

Union figure killed in South Africa mine violence http://www.marketwatch.com/story/...h-africa-mine-violence-2012-10-06

Gold prices nearing $1,800 as ECB talk bond buys http://www.marketwatch.com/story/...-as-ecb-talk-bond-buys-2012-10-04

Metalor mulling gold refinery in Singapore http://www.marketwatch.com/story/...-refinery-in-singapore-2012-10-02

Deutsche Bank lifts 2013, 2014 gold-price outlook http://www.marketwatch.com/story/...014-gold-price-outlook-2012-10-02

Bill Gross says only gold and real assets will thrive in fiscal 'ring of fire' http://blogs.marketwatch.com/thet...ll-thrive-in-fiscal-ring-of-fire/

PLATINUM

Anglo American Platinum dismisses 12,000 Workers http://www.marketwatch.com/story/...ismisses-12000-workers-2012-10-05

Platinum's a 'compelling' commodity: CitrinGroup http://blogs.marketwatch.com/thet...compelling-commodity-citringroup/

Boart ousts CEO as mining slowdown forces rethink http://www.marketwatch.com/story/...lowdown-forces-rethink-2012-10-02

Anglo Platinum: Strike has spread to Limpopo mine http://www.marketwatch.com/story/...spread-to-limpopo-mine-2012-10-02

IRON

S&P: sees low iron ore prices near-term http://www.marketwatch.com/story/...n-ore-prices-near-term-2012-10-02

Morgan Stanley in commodities unit talks: reports http://www.marketwatch.com/story/...ies-unit-talks-reports-2012-10-04

CME trading volume slumps in Sept. http://www.marketwatch.com/story/...-volume-slumps-in-sept-2012-10-02

MONSANTO

Monsanto's loss widens on lower seed sales http://www.marketwatch.com/story/...ns-on-lower-seed-sales-2012-10-03

Monsanto loss widens, shares fall in premarket http://www.marketwatch.com/story/...ares-fall-in-premarket-2012-10-03

MISCELLANEOUS

J.P. Morgan regulatory boss Zubrow retiring http://www.marketwatch.com/story/...y-boss-zubrow-retiring-2012-10-05

Swiss Re's chief investment officer to leave http://www.marketwatch.com/story/...tment-officer-to-leave-2012-10-05

The hedge fund industry’s man in North Carolina http://www.marketwatch.com/story/...-man-in-north-carolina-2012-10-05

Brace for worst earnings since recession’s rebound http://www.marketwatch.com/story/...rnings-likely-surprise-2012-10-05

Brazil sells equivalent of $1.29B in reverse swaps http://www.marketwatch.com/story/...-129b-in-reverse-swaps-2012-10-05

Stocks should rise in 4th quarter if history holds http://www.marketwatch.com/story/...-history-holds-2012-10-04-1710307

DOJ seeks debit-card market data from Discover http://www.marketwatch.com/story/...ket-data-from-discover-2012-10-04

Weak global growth exacerbates currency tensions http://www.marketwatch.com/story/...ncy-tensions-2012-10-03-111032156

Why the Iranian currency's latest moves matter http://blogs.marketwatch.com/thet...an-currencys-latest-moves-matter/

Iran rial sinks on sanctions, down 80% over year http://www.marketwatch.com/story/...ions-down-80-over-year-2012-10-02

Sberbank may need new capital within two years http://www.marketwatch.com/story/...pital-within-two-years-2012-10-02

Get ready for a roller-coaster ride http://www.marketwatch.com/story/...-a-roller-coaster-ride-2012-10-02

Acuity quarterly profit slides 2.6% on charges http://www.marketwatch.com/story/...t-slides-26-on-charges-2012-10-02

Taiwan to join U.S. visa-waiver program http://www.marketwatch.com/story/...us-visa-waiver-program-2012-10-02

Scotch whisky exports continue to surge http://www.marketwatch.com/story/...orts-continue-to-surge-2012-10-02

Bond fund managers favor corporate debt http://www.marketwatch.com/story/...s-favor-corporate-debt-2012-10-01

Corporate bond sales set records in September; yields plunge http://blogs.marketwatch.com/thet...cords-in-september-yields-plunge/

Investors shifting to municipal bonds as a safe haven: U.S. Bank http://blogs.marketwatch.com/thet...l-bonds-as-a-safe-haven-u-s-bank/
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BornAgain2



Joined: 12 Dec 2009
Posts: 17167



PostPosted: Tue Oct 16, 2012 10:03 am    Post subject: Reply with quote

21 Signs That The Global Economic Crisis Is About To Go To A Whole New Level

Excerpt:

The following are 21 signs that the global economic crisis is about to go to a whole new level....

#1 Bank of Israel Governor Stanley Fischer says that the global economy is "awfully close" to recession.

#2 It was announced last week that the unemployment rate in Greece has reached an all-time high of 25.1 percent.  Unemployment among those 24 years old or younger is now more than 54 percent.  Back in April 2010, the unemployment rate in Greece was only sitting at 11.8 percent.

#3 The IMF is warning that Greek debt may have to be "restructured" yet again.

#4 Swedish Finance Minister Anders Borg says that it is "probable" that Greece will leave the euro, and that it might happen within the next six months.

#5 An angry crowd of approximately 40,000 angry Greeks recently descended on Athens to protest a visit by German Chancellor Angela Merkel...

   From high-school students to pensioners, tens of thousands of Greek demonstrators swarmed into Athens yesterday to show the visiting German Chancellor, Angela Merkel, their indignation at their country's continued austerity measures.

   Flouting the government's ban on protests, an estimated 40,000 people – many carrying posters depicting Ms Merkel as a **** – descended on Syntagma Square near the parliament building. Masked youths pelted riot police with rocks as the officers responded with tear gas.

   The authorities had deployed 7,000 police, water cannon and a helicopter. Snipers were placed on rooftops to ensure the German leader's safety.

#6 The debt crisis is Argentina is becoming increasingly troublesome.

#7 The government debt to GDP ratio in Italy is expected to hit 126 percent this year.  In Greece, it is expected to hit 198 percent.  In Japan, it is expected to hit a whopping 237 percent.

#8 Standard & Poor’s has slashed the credit rating on Spanish government debt to BBB-, which is just one level above junk status.

#9 Back in the year 2000, the ratio of total debt to GDP in Spain was 192 percent.  By 2011, it had reached 363 percent.

#10 Record amounts of money are being pulled out of Spanish banks, and many large Spanish banks are rapidly heading toward insolvency.

#11 Manufacturing activity in Spain has contracted for 17 months in a row.

#12 It is being projected that home prices in Spain will fall by another 15 percent by the end of 2013.

#13 The unemployment rate in France is now above 10 percent, and it has risen for 16 months in a row.

#14 There are signs that Switzerland may be preparing for "major civil unrest" throughout Europe.

#15 The former top economist at the European Central Bank says that the ECB has fallen into a state of "panic" as it desperately tries to solve the European debt crisis.

#16 According to a recent IMF report, European banks may need to sell off 4.5 trillion dollars in assets over the next 14 months in order to meet strict new capital requirements.

#17 In August, U.S. exports dropped to the lowest level that we have seen since last February.

#18 Economics Professor Barry Eichengreen is very concerned about what is coming next for stocks in the United States...

   "I’m worried that stock markets in the United States in particular have gotten ahead of economic growth"

#19 During the week ending October 3rd, investors pulled more than 10 billion dollars out of U.S. mutual funds.  Overall, a total of more than 100 billion dollars has been pulled out of U.S. mutual funds so far this year.

#20 As I wrote about the other day, the IMF is warning that there is an "alarmingly high" risk of a deeper global economic slowdown.

#21 When shipping companies start laying off workers, that is one of the best signs that economic activity is slowing down.  That is why it was so troubling when it was announced that FedEx is planning to get rid of "several thousand" workers over the coming months.  According to AFP, "its business is being hit by the global economic slowdown".

http://theeconomiccollapseblog.co...-about-to-go-to-a-whole-new-level

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