The decline of Argentina. Is USA is following the same footsteps? In the early 20th century Argentina was one of the Richest countries in the world. While Great Britain maritime power and it far flung empire had propelled it to a dominate position amongst the worlds industrialized nations. Only the United States challenged Argentina for […]
STATE-WIDE TAXPAYERS REVOLT UNDERWAY! GOLDEN STATE GRINGOS LAST GULP! Paul L. Williams, Ph.D.- thelastcrusade Immigration limitation activists have initiated a statewide petition drive to get the California Taxpayer Protection Act on the ballot. If passed, the measure will serve to eliminate the lure of birth tourism and to limit the financial, social, and vocational benefits […]
Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes. Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of California, the […]
Los Angeles, the second-largest US city, is facing a crisis of funding not seen since the darkest days of the Great Depression Two and a half years after the official start of the worst economic downturn and fiscal crisis in nearly 80 years, America’s economy is supposedly growing again, the stock market is halfway recovered […]
Posted by Erick Erickson The Politico has an interesting story about Toyota up. It seems the company does not much care for this administration. Internal Toyota documents derided the Obama administration and Democratic Congress as “activist” and “not industry friendly,” a revelation that comes days before the giant automaker’s top executives testify on Capitol Hill […]
By: Dan Weil The €uro, which has tumbled to an eight-month low against the dollar, may drop even more, says Claudio Piron, head of Asia currency research for JPMorgan Chase. European ministers at the recent Group of Seven (G7) nations meeting said they will make sure Greece acts to cut its huge budget deficit. The […]
Ellen Chang– The market could see a huge correction in a few months, says Dan Cook, senior market analyst at IG Markets. Investors are not buoyed by positive earnings reports, he says. “There’s still a lot of confusion in the market. We’re looking at a pretty positive earnings season overall, but as we saw (recently) […]
WASHINGTON – Sales of previously occupied homes took their largest drop in more than 40 years last month yet managed to end 2009 with the first annual gain in four years. Still, prices plunged by more than 12 percent last year — the sharpest fall since the Great Depression. The price drop for 2009 — […]
The dollar is on its way out, and the euro is on its way in as the world’s main reserve currency, says David Roche, global strategist at Independent Strategy. The euro will take over because Europe has a more solid fiscal policy than the U.S., he says. “We’ll actually produce a much stronger fiscal balance, […]
President Obama’s job approval rating has fallen to 46 percent, according to a new CBS News poll. That rating is Mr. Obama’s lowest yet in CBS News polling, and the poll marks the first time his approval rating has fallen below the 50 percent mark. 41 percent now say they disapprove of Mr. Obama’s performance […]
