RECENT NEWS

A More Complete Review of U.S. Employment

Look Again–July Jobs DECLINED by 198,000 Jack Rasmus, August 7, 2011 COMMENTARY: Last Friday’s July jobs report indicated 117,000 jobs were created last month. It was hailed as a ‘not so bad’ report, not great but not as terrible as expected after last week’s dismal manufacturing and consumer spending ... Read more

The Deindustrialization of America

Goodbye to Fosteria, OH By John R. MacArthur Le Monde Diplomatique, August, 2011 Pro-North American Free Trade Agreement (Nafta) forces staged on 9 November 1993 what may be remembered as the greatest salesman’s trick in televised propaganda. Millions of Americans had just watched CNN’s Larry King ... Read more

The history lesson Obama has ignored

Obama has made the same mistake as FDR, turning his back on Keynesian economics. And we’ll all pay dearly for it By David Woolner New Deal2.0, August 3, 2011 Wikipedia Former president Franklin Delano Roosevelt “The economic experiments of President Roosevelt may prove, I think, to be of ... Read more

Open Letter to Ratings Agencies

Warning to Ratings Agencies July 28, 2011 Deven Sharma, President, Standard & Poor’s Ray McDaniel, CEO Moody’s Corp Stephen Joynt, CEO Fitch’s Ratings Dear Mr. Sharma, Mr. McDaniel and Mr. Joynt; You have each indicated that the time may be near for a downgrade of the credit rating of the ... Read more

What Happens After the U.S. is Downgraded?

By John Carney CNBC.com, August 6, 2011, 10:31 AM Barack Obama signed into law a bill to raise the debt ceiling, preventing a default on U.S. government bonds or other obligations. But despite a resolution on the debt-ceiling debate, Standard & Poor’s decided that the deal failed to produce a ... Read more