Thursday, September 22, 2011

US Stocks Slump, DJIA Posts Worst Two Days Since Nov. '08 --------- Sept-22-2011--


US Stocks Slump,
DJIA Posts Worst Two Days Since Nov. '08
Sept-22-2011--NEW YORK (Dow Jones)--Investors staged a global flight from risk Thursday that sent the Dow Jones Industrial Average to its worst two-day point drop since November 2008, after a gloomy outlook by the Federal Reserve renewed fears of an economic slowdown.
The Dow Jones Industrial Average fell 391.01 points, or 3.51%, to 10733.83, for a two-day loss of 5.92%. Investors barrelled out of stocks and into "safe" assets like the U.S. dollar, which surged, and 10-year Treasury bonds, whose yields plummeted to 1940s levels. Thursday's action, the worst selloff in stocks since Aug. 18, built on the market's decline Wednesday, when the Fed acknowledged "significant" downside risks to the economy and noted "strains" in global financial markets, a reference to debt strapped Europe.















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Wednesday, September 21, 2011

President Obama Addresses the UN General Assembly --------- Sept-21-2011--

President Obama Addresses
the UN General Assembly
Sept-21-2011--After a difficult decade of war, the President says we stand at a crossroads of history with the chance to move decisively in the direction of peace.
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President Obama at the Open Government Partnership Event
Sept-21-2011--Introduces the American National Plan and announces an Open Government Declaration rooted in several core principles.

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President Obama
Salutes the People of Libya
Sept-21-2011--In a high-level meeting at the U.N. General Assembly, the President vows the new country has a friend in the US.
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Tuesday, September 20, 2011

President Obama on Economic Growth and Deficit Reduction Sept-20-2011--


President Obama on
Economic Growth
and Deficit Reduction
Sept-20-2011--President Obama speaks from the White House Rose Garden about his plan that he sent to the Joint Committee to jumpstart economic growth and job creation now, while laying the foundation for it to continue for years to come.
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Impressions of the American Jobs Act
Sept-20-2011--At a White House event hosted by Interactive One, a network of African-American websites, President Obama talks about the America Jobs Act and attendees discuss their impressions and reactions to what is in the bill.
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Weekly Address:
Passing the American Jobs Act
Sept-20-2011--President Obama discusses the need for Congress to pass the American Jobs Act to put more people back to work, and more money back in the pockets of people who are working.
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Audit finds wasteful spending in DOJ events -----------Sept-20-2011--

Audit finds wasteful
spending in DOJ events
Sept-20-2011--Details found in an audit from the Department of Justice's inspector general found over the course of two years, a staggering $121 million was spent on food and event planning, including $16 muffins and $8 cups of coffee.
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Saturday, September 17, 2011

CHINA SECRETLY BUYING UP WORLDS NATURAL RESOURCES ---------------------- Sept-17-2011-


CHINA SECRETLY BUYING UP WORLDS NATURAL RESOURCES --
Sept-17-2011-
Due to Globalization China now has more money than it can ever spend.
So what does China do with all of this money?
Well, currently China is secretly buying up the worlds natural resources to create a monopoly.
It's aims are to control prices and access to all commodities including oil, gold, steel, rice, wheat, and others.
Free Trade and Globalization has been great for owners and CEO's of manufacturing companies because closing your plant in America and moving it to China or Mexico allows you to greatly increase your profit margins and become more competitive but it is horrible for American workers who just got laid-off from that plant.
Buit ever since President Clinton signed NAFTA and worked with the Chinese to allow them into the WTO (World Trade Organization) which was in 2001.
But WHY didn't Bill Clinton demand FAIR trade between America and China?














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Friday, September 16, 2011

How Dangerous is This Moment? Sept-16-2011--


How Dangerous is This Moment?
Sept-16-2011--Jeff Madrick, author of the Age of Greed, says with wages flat austerity measures and the domination of finance we face a very dangerous decade.
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Research Shows 
Rich Getting Richer Makes poor poorer
Sept-16-2011--Jeff Thompson: New research shows that as wealth increases at the top, it does not lead to either greater equality or better living standards for the middle class.
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--------------------------------------------------------------
Secret Exemptions Allowed Speculators
to Distort Futures Markets
Sept-16-2011--Michael Greenberger (former Chief of Staff to Brooksley Born): Secret deals with CFTC staff led to futures markets with 80% speculation.
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Without Short Term Stimulus
Global Economy Will Go Over The Precipice
Sept-16-2011--Michael Greenberger: Lack of capital for productive investment starving global economy.
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