ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Feb 28 18:28

U.S. student loans could need $500 bln bailout

Feb 28 17:24

Where are all the U.S. construction workers?

Feb 28 13:14

Apple To Buy Up To 30% Of The World’s Annual Gold Production?

Technology giant Apple (NASDAQ:AAPL) may soon buy up one third of the world’s gold in order to meet the demands of its highly anticipated Apple Watch, according to reports.

Feb 28 12:48

IMF bent its rules to hobble Greece with unsustainable debt

As Greece wrangles with its creditors for a more sustainable solution to its debt problems, International Monetary Fund Managing Director Christine Lagarde has been firm in insisting that the new government in Athens honor the country’s previous commitments. The former French finance minister threw cold water this week on the tentative accord between Greece and the European Union, warning that many of Athens’s pledges were vague and “not conveying clear assurances that the government intends to undertake the reforms envisioned.”

Feb 28 12:42

Shadow Government: Insider Oligarchs Derail Maidan Revolution

In the midst of war and heightened nationalism in Ukraine, many demonstrators who participated in protests at Maidan Square just one year ago are gripped with a profound sense of shock and wonder what has happened to their country. The crowd called for a thorough overhaul of elite corruption, cronyism and the incestuous business-government revolving door. Yet, if anything, recent developments have only served to bolster tycoons.

Feb 28 11:04

Q4 Obliterates The Case For QE And ZIRP

Feb 28 10:05

Warren ‘Bet on America’ Buffett Takes His Money Elsewhere

In his highly anticipated annual letter to Berkshire Hathaway Inc. shareholders, Warren Buffett is expected to recommend investing opportunities abroad, a marked change from his usual cheerleading for domestic investment.

Feb 28 10:04

Homelessness rises 55% under ‘disgraceful’ Tory govt – charity

Devastating figures released by the Department for Communities and Local Government (DCLG) reveal a significant 55 percent rise in homelessness since David Cameron became prime minister in 2010.

Feb 28 09:52

Uninsured Ex-Sheriff Who Fought O-care Struggles To Pay Medical Bills

Former Arizona county sheriff Richard Mack, a fierce opponent of Obamacare and a leader in the "constitutional sheriff" movement, is struggling to pay his medical bills after he and his wife each faced serious illnesses. The former sheriff and his wife do not have health insurance and started a GoFundMe campaign to solicit donations from family and friends to cover the costs of their medical care.

"Because they are self-employed, they have no medical insurance and are in desperate need of our assistance," reads a note on Mack's personal website.

Webmaster's Commentary: 

Claire and I have Obamacare-compliant health insurance, and were shocked by bills from my illness a year ago our Obamacare-compliant policy says they do not have to pay! Those Obamacare policies with their sky-high deductibles are not worth the paper they are printed on!

Feb 28 09:35

Auditor: Florida’s jobless claims website in disarray

Ever since the troubled launch of the state’s unemployment website in October 2013, Gov. Rick Scott and his team have staunchly defended the lifeline for hundreds of thousands of jobless Floridians.

But on Friday, the state’s auditor general issued a scathing 45-page audit that joins mounting evidence that CONNECT is a system in disarray.

Feb 28 09:16

French protestors call for HSBC nationalization

Activists in France have staged a protest rally against the British bank, HSBC, for its illegal banking practices, Press TV reports.

Feb 28 09:02

Ending homelessness SAVES money; monetary reform and public banks should fund this now

*hyperlinks/video live at source*

Utah has reduced homelessness by 78%, and has targeted ending homelessness this year.

The US federal agency, US Interagency Council on Homelessness states all 50+ economic cost-benefit studies conclude it costs less to provide homeless Americans with shelter, food, health care, and job training than doing nothing at all.

The greatest savings come from decreased emergency room visits, police calls, and court time. What isn’t counted, and significant, is the increase of business in areas where the homeless are vagrants.  In addition, these studies show most participants find jobs and leave these programs.

A 2014 study in Florida reports taxpayers save over $20,000 per homeless person when they are provided basic services rather than languishing on the streets. An academic paper from two University of Pennsylvania professors document it’s more cost-effective to end homelessness than endure it.

Feb 28 08:42

The US Economy Slowed In Late 2014

The US economy grew at an annual rate of 2.2% in the fourth quarter of 2014, down from 2.6% initially calculated, said Friday the Commerce Department.
By posting the second calculation on the evolution of Gross Domestic Product (GDP) between October and December, the Government also indicated that around 2014 the economy grew at a rate of 2.4%, the precise agency Efe.

Read More: http://whatisusa.info/the-us-economy-slowed-in-late-2014/

Feb 28 08:39

Cutting federal spending should be Congress’s top priority: TWT/CPAC poll

Conservatives say reducing federal spending should be the Republican-led Congress’s top priority this session, beating out confrontations with President Obama over his immigration executive actions, Obamacare, and the Keystone XL pipeline, according to The Washington Times/CPAC flash poll at the annual Conservative Political Action Conference.

Thirty-eight percent of the 141 respondents picked reducing federal spending at the top priority, followed by rolling back Mr. Obama’s amnesty plan at 26 percent.

Feb 28 08:37

ExxonMobil admits $1bn lost from anti-Russia sanctions

The contracts with Russia’s biggest oil company Rosneft damaged by the West’s anti-Russian sanctions have cost ExxonMobil $1 billion, the company said in its annual report.

Feb 28 08:34

Ericsson Sues Apple For Patent Violation

The Swedish telecom equipment maker Ericsson filed several lawsuits against US computer giant Apple for patent violation, said Friday.

“Apple currently uses our technology without authorization and request therefore the help of the court and the ITC,” US International Trade Commission said in a statement Kasim Alfalahi, head of Ericsson’s intellectual property.

Read More: http://whatisusa.info/ericsson-sues-apple-for-patent-violation/

Feb 28 07:57

Greek PM says 'forget about third bailout'

Greece won’t be seeking a third international bailout after the four-month extension of its current program expires, Greek Prime Minister Alexis Tsipras said.

In a televised speech to his government, Tsipras also said the country has requested a reduction of its debt, despite European creditors demanding that Greece pay it in full.

Feb 27 17:32

2-Year T-Note Shows Path For FOMC

Feb 27 15:53

Jim Rogers, Long on North Korea

Feb 27 15:48

The Economic Consequences Of Greece

The aim of the Greek bailout was not to restore prosperity to the country's people, but to save the eurozone. Given this, the new Greek government is entirely justified in questioning the terms that the country was given. As negotiations continue (Tsipras "war" vs the initial lost "battle), the single worst outcome of the current negotiations would be Greece's submission to its creditors' demands, with few concessions in return. Default and exit from the eurozone would allow Greece to begin correcting past mistakes and putting its economy on the path to recovery and sustainable growth. At that point, the EU would be wise to follow suit, by unraveling the currency union and providing debt reduction for its most distressed economies. Only then can the EU's founding ideals be realized.

Feb 27 15:46

Puerto Rico's 3rd Largest Bank Fails

Feb 27 13:50

Did the FCC Sing Kumbaya After They Passed Net Neutrality?

Have you watched the video of the moment the FCC passed net neutrality? It's like this man walked on the moon and saved your grandma from cancer! Had to make a video...

Feb 27 13:32

Good News! Tax Audits Will Dwindle to Record Levels This Year

Well, tax season is officially in here, as Americans of all walks of life scramble to get their extortion papers tax returns in order before April 15th. Although, I’m not really sure why they call it “tax season.” That makes it sound like you could draw a comparison to something like the “holiday season.” I guess there are some similarities. You will spend months stressing over your finances, as you struggle to figure out how you’re going spend all your money on stuff you don’t need, but I digress.

There is some great news on the tax front. Apparently, this year the IRS will issue the lowest number of audits since 2005.

Feb 27 13:07

KIM DOTCOM’S MEGA IS DROPPED BY PAYPAL OVER END-TO-END ENCRYPTION, MAY ADOPT BITCOIN INSTEAD

Mega, the end-to-end encrypted cloud storage platform founded by mercurial entrepreneur and occasional outlaw Kim Dotcom, is back in the news. This time, the company’s primary adversary is PayPal, which earlier this week cancelled its payments processing contract.

Feb 27 12:30

Chicago's debt is now two notches above junk: Moody's

In a blow to Mayor Rahm Emanuel, one of the major bond-rating services today downgraded Chicago's credit to just two levels above junk, saying the city has not been able to adequately control the soaring cost of worker pensions.

Webmaster's Commentary: 

"No problem. We'll just send those retired workers over to the police dungeon where they will "disappear!" THAT will cut costs!" -- Hizzoner Damayor

Feb 27 12:02

Still Eying Triple-Digit Silver | Kitco News

Feb 27 11:47

FAS has offered to sell oil for rubles

Google translate: The head of the Federal Antimonopoly Service (FAS) Igor Artemyev proposed to revisit the idea of selling part of the exported oil and petroleum products for rubles, reports on Friday, February 27, "Interfax".

Feb 27 11:46

Moscow threatens Washington painful countermeasures in case of new sanctions

Google translate: As informs "Interfax", said Deputy Minister of Foreign Affairs of Russia Sergei Ryabkov.

"We leave for all options, including used and, if necessary, will be applied fairly painful countermeasures," - said a senior diplomat.

On the eve of the US State Department spokesman Jen Psak said that the United States continues to consider the possibility of imposing sanctions on Russia in the case of deterioration of the situation in Ukraine.

Feb 27 10:23

Maplewood Mall Serves Federal Government Eviction Notice

A local shopping center wants to evict the federal government, accusing it of failing to pay rent.

Court documents show the Maplewood Mall's parent company claims its owed more than $50,000.

The government is leasing space for the Armed Forces Career Center and the mall claims it is missing out on six months of rent.

Feb 27 10:22

Treasury admits 'fat finger' blunder costing Lloyds bond holders £2bn

The Treasury has admitted it made a blunder by telling Lloyds Banking Group that it had permission to buy back investor bonds that propped the bank up in the wake of the financial crash – depriving holders of the notes billions of pounds in interest payments.

The so-called "fat finger" error reported by Business Insider, saw the Treasury incorrectly state the Prudential Regulatory Authority had approved Lloyds' application to redeem a series of Enhanced Capital Notes (ECNs), disclosed by the bank on 16th December 2014.

A statement by Sir Nicholas Macpherson, Permanent Secretary, HM Treasury, said: "HM Treasury understands that the PRA has not yet made a decision regarding whether to approve Lloyds Banking Group's application. We apologise for this error, and sincerely regret any problems caused."

Feb 27 10:22

Silver, Gold, & Gun Dealers To Be Shut Down? Update On Operation Chokepoint - Mike Maloney

Feb 27 10:22

10 reasons why the DHS shutdown is the best thing that will never happen

Alissa Kokkins
Activist Post

With the House set to debate a Department of Homeland Security funding bill to avert the looming DHS shutdown today, mainstream media is doing its usual thing with the DHS narrative. Story after story about the DHS shutdown from mainstream media is angled with doom and drama. Gasp! If DHS shuts down, whatever shall we do? Who is to blame? Democrats or Republicans? As usual, the most important point is being overlooked by MSM:

A DHS shutdown would be fucking awesome!...

Feb 27 10:12

US economy slows in fourth quarter of 2014 with GDP rising by just 2.2%

The US economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.

Feb 27 08:57

Debt and Pensions Time bomb Worse Than Ever!

Feb 27 08:40

The Patient Has Gotten Sicker ~ Steve St. Angelo

The central banking facade and toxic debt system cannot survive without an increasing energy supply. When it declines the whole fiat monetary system that is based on leverage and debt starts to implode. A fiat monetary system needs a growing energy supply to sustain. It’s not a coincidence that we went off the gold standard soon after our energy productivity peaked.

In the 1960’s, for every dollar that gold exploration companies spent, they returned $105 in gold. In the 1970’s it fell to $83, in the 80’s it fell to $57, in 90’s it fell to $23, and in 2000 it was a whopping $11. Here we have a double edged sword effect: falling EROI and falling gold availability, yield, and ore grade.

Stocks, bonds, and paper assets are based upon net present value, NPV- it’s one thing they teach you in finance school. Energy must be spent to deliver the asset. When you hold gold or silver in your hand, no energy must be spent to deliver.

Feb 27 07:56

"Naftogaz" will take a loan from China's $ 3.6 billion

Google Translate: It is noted that the National Bank of China agreed to provide "Naftogaz" credit under government guarantees.

About 60% of the loan is for the purchase of Chinese equipment, 40% will be spent on increasing the efficiency of the mechanical engineering sector.

Earlier it was reported that the Russian Ministry of Energy expects "Naftogaz Ukrainy" timely advance payment for gas in the Brussels agreement.

Feb 27 07:56

Russia is ready to give China more than 50% stake in the oil and gas fields

Google Translate: Dvorkovich said that the Russian government may consider the application of Beijing for a 50% stake in the project, if any, will come from Chinese partners, and political obstacles that work under such conditions he sees.

Feb 27 07:38

COMER — Committee on Monetary and Economic Reform

A Call for Renaissance of the Bank of Canada

Webmaster's Commentary: 

According to a reader, COMER'S website is still unblocked in Canada.

Feb 27 07:05

Liquidation looms for insurance cooperative

An insurance cooperative created to provide health care in Iowa and Nebraska will be formally liquidated this weekend.

Iowa Insurance Commissioner Nick Gerhart said Thursday that a Polk County judge has agreed to approve the liquidation plan, which will be finalized on Saturday night.

CoOportunity is a federally funded nonprofit established to provide health care in Iowa and Nebraska. Gerhart took the cooperative over after he determined the nonprofit’s claims would exceed its available cash.

Webmaster's Commentary: 

We will see more of these. The more-costly Obamacare policies come with sky-high deductibles, which means they don't really pay that much for your health care. The costs that used to be covered by the major health insurance companies that wrote the ACA are now being shifted onto supplemental insurance programs, which are then driven into bankruptcy.

Thank you, Obamacare!

Feb 26 21:24

Shadow of Truth – End of the War Dollar

Saddam Hussein and Moammar Gadhafi are prime examples of what happens if you decide exchanging your oil for something other than US dollars is a good idea.

Feb 26 18:22

Paul Craig Roberts: The Threat Posed to International Relations By The Neoconservative Ideology of American Hegemony

While the neoconservatives were preoccupied for a decade with their wars in the Middle East, creating a US Africa Command, organizing color revolutions, exiting disarmament treaties, surrounding Russia with military bases, and “pivoting to Asia” to surround China with new air and naval bases, Vladimir Putin led Russia back to economic and military competence and successfully asserted an independent Russian foreign policy.

When Russian diplomacy blocked Washington’s planned invasion of Syria and Washington’s planned bombing of Iran, the neoconservatives realized that they had failed the “first objective” of the Wolfowitz Doctrine and had allowed “the re-emergence of a new rival . . . on the territory of the former Soviet Union” with the power to block unilateral action by Washington.

The attack on Russia began.

Feb 26 18:21

The System Is Setup To Fail by Design

Feb 26 18:15

Target To Announce Second Round Of Layoffs

Feb 26 18:05

Another US Retailer To Close 120 Stores

Feb 26 18:00

Sears posts 11th straight quarterly loss

Feb 26 17:08

Jonathan Gruber fired from Mass. exchange board

Massachusetts' governor has fired Obamacare architect Jonathan Gruber from a board that oversees the state's health insurance exchange, a source confirmed to the Washington Examiner.

Gruber ignited a controversy last December when a series of videos surfaced where the Massachusetts Institute of Technology professor discussed the “stupidity of the American voter” was vital to passing the 2010 Affordable Care Act.

Feb 26 16:18

Deere & Company expects drop in sales

Deere & Company is expected to set a record this year — but not the kind it wants.

Leaders at the Moline, Ill.-based company expect sales to drop around $6 billion. That includes large machinery sales, which could drop as much as 50 percent.

Deere and Company has already laid off hundreds of workers, including at its locations in Waterloo. More cuts are on the way next month.

Read more at http://www.kcrg.com/subject/news/business/agriculture/deere-company-ex...

Feb 26 15:39

Another Record: $4.235 Per Pound for Ground Beef

The average price of a pound of ground beef climbed to another record high — $4.235 per pound — in the United States in January, according to data released today by the Bureau of Labor Statistics (BLS).

Feb 26 15:36

The Federal Reserve Has Unleashed a “Virus Of Radical Monetary Policy”… and There’s No Going Back

Mac Slavo
SHTFplan.com

Jim Grant, publisher of the Grant’s Interest Rate Observer, has been calling out currency manipulation and interest rate manipulation for some time.

The main driver of these manipulations, from the shadows and out of the mind of the public, are the actions of the Federal Reserve, which affects other central bank actions and much of the global market.

Grant called the Fed’s interventions a “virus of radical monetary policy.” And according to Grant, there’s no going back… their actions are pivotal to the entire marketplace. With below zero interest rates under QE1-3, that amounts to free money for the biggest banks and massive worldwide economic manipulation:

Feb 26 15:08

Gold vs Currencies of Countries in Chaos

Feb 26 14:33

Hryvnia official rate hits new low of UAH 30 to dollar

The National Bank of Ukraine at 1500 on Thursday set the hryvnia exchange rate at UAH 30.0102 to the dollar, or UAH 1.66 lower than the last historic low rate of UAH 28.3481 set by the NBU on Monday, according to the official Web site of the National Bank of Ukraine.

Since the beginning of the year the hryvnia’s official rate has fallen against the dollar by almost two times, or by UAH 14.24.

Feb 26 14:23

8 Ways to Reduce Global Inequality

Extreme economic inequality is corrosive to our societies. It makes poverty reduction harder, hurts our economies, and drives conflict and violence. Reversing this trend presents a significant challenge, but one where we’ve seen some progress. Below we offer eight ways to move the world forward in reducing global inequality.

Feb 26 13:59

Who Killed Economic Growth?

Feb 26 13:34

Exclusive Interview: Obama Plans to Use Trans-Pacific Partnership as New Power Grab Disguised As Free Trade

We’re suffering through Obamacare, but, sadly, there is another one of President Obama’s plans that demands our attention: Obamatrade.

“‘Obamatrade’ is the name we’ve given to the Trans-Pacific Partnership agreement, which is one of the so-called free trade agreements the Obama folks have been negotiating on their own, in secret, without consulting Congress for the past six years,” explained Curtis Ellis, who spoke with BenSwann.com’s Joshua Cook.

Feb 26 10:44

Greece Suffers Biggest Bank Run In History: January Deposits Plunge To 2005 Levels

Moments ago the Bank of Greece presented its latest, January, deposit data. And it's a doozy: following a record €12.2 billion monthly outflow, greater in absolute and relative terms than anything experienced during any of the previous Greek crises and bailouts, the total amount of Greek corporate and household deposits has now tumbled to just €148 billion. This number is in line with some of the more pessimistic expectations, and brings the total cash holdings at Greek banks to the lowest level since August 2005.

Feb 26 10:36

Regulator warns of 'Armageddon' cyber attack on banks

A New York financial regulator said he is considering new rules to protect against "an Armageddon-type" cyber attack that would devastate U.S. financial markets.

Ben Lawsky, head of New York's Department of Financial Services (DFS), said he fears a large enough hack on Wall Street firms could "spill over into the broader economy" — not unlike the mortgage meltdown of 2008.

"We are concerned that within the next decade, or perhaps sooner, we will experience an Armageddon-type cyber event that causes a significant disruption in the financial system for a period of time," Lawsky said Wednesday in a speech at Columbia Law School.

He called such an attack a "cyber 9/11."

Feb 26 10:14

Prosecutor: Former NJ Democratic chairman sold influence

RICO case

schemes including one that involved a multibillion-dollar megamall project that has languished for more than a decade

Feb 26 10:12

McDonald’s accused of €1bn tax evasion

Fast-food chain McDonald’s has been accused of avoiding over €1 billion in European corporate taxes between 2009-2013. A report by a coalition of European and American trade unions has revealed the company’s alleged tax avoidance strategy.

McDonalds paid a total of €16 million in tax on royalties of €3.7 billion for a period of 5 years (2009-2013), according to a report from the charity group War on Want.

Feb 26 09:53

Samsung faces complaint in US over Smart TV 'surveillance'

Samsung routinely intercepts and records the private communications of consumers in their homes

Feb 26 09:48

Why is the FCC's Net Neutrality Plan Secret?

What's FCC Chairman Tom Wheeler? Hiding From Congress and the American People?

The 332-page final draft FCC order was only delivered to the four other FCC commissioners three weeks ago. When Wheeler delivered the document, he took the unusual step of issuing a “gag order” to prevent its release before the FCC vote

Feb 26 09:44

Bailed-out RBS offers staff ‘outrageous’ bonuses despite £3.5 bn losses in 2014

Royal Bank of Scotland (RBS) chief executive Ross McEwan has conceded the 80 percent state-owned bank will pay staff lucrative bonuses from a pool of £421 million, despite the fact it faced losses of £3.5 billion in 2014.

McEwan took control of the scandal-ridden bank in 2012 after it became insolvent and received a £45 billion bailout at UK taxpayers’ expense.

Feb 26 09:06

Why is Congress Turning over Public Lands to Foreign Copper Mine Companies?

Nearly 2,500 acres of public lands in Arizona has been handed over to two foreign mining companies that plan to excavate $130 billion in copper from an area considered sacred to Native Americans. Oak Flat, part of the Tonto National Forest about 100 miles north of Tucson, is the site where Resolution Copper Mining, a British-Australian partnership, intends to develop an enormous copper mine.

Feb 26 08:48

COMER UPDATE - Federal Court of Appeal Decision — January 26, 2015

Since the Federal Court of Appeal fully upheld the decision of Justice Russell dated April 24, 2014, Justice Russell’s decision stands. I refer everyone to my summary of that decision on COMER’s website.

What that means is that we are entitled to proceed with our action, subject to me drafting and filing an amended Statement of Claim with the Federal Court, which will be done shortly.

In short, and in summary, the decision of the Federal Court of Appeal is a victory for COMER to proceed. (While the government can seek leave of the Federal Court of Appeal’s decision to the Supreme Court of Canada, to date no such indication has been conveyed.

Webmaster's Commentary: 

For those just finding out about COMER (which Canada has been trying to block and ban from both corporate and independent media) , the Bank of Canada is supposed to provide interest-free loans to the Canadian governments for infrastructure development. But starting in the 1970s, the Canadian government started getting their loans from privately owned banks, and forcing Canadian taxpayers to pay the interest! The COMER lawsuit seeks to force the Canadian government to avail itself of the interest-free loans mandated by the charter for the Bank of Canada, and so far the courts have agreed that COMER is correct.

The Canadian government has banned this subject from the Canadian corporate media, and emails from Canada report that links to stories about COMER are blocked inside Canada as well. This is to keep the Canadian people from finding out about this scandal as they would likely ask why the Canadian government would do such a thing, and so far the only answer seems to be, "We decided to loot the taxpayers and give it to the private banks because the private bankers write really generous campaign donation checks every election!"

Needless to say, this would not sit very well with the already over-taxed Canadian people!

Feb 26 08:35

The new Pebble Kickstarter raises more than $ 8 million in less than 24 hours

The new draft Pebble smart watch Time has risen over $ 8.6 million in less than 24 hours on Kickstarter.
The US Company announced yesterday that Pebble Technology reapply collective support through funding to take forward the Pebble Time, a smart watch with electronic ink color, microphone and a battery life of 7 hours.

Read More: http://whatisusa.info/the-new-pebble-kickstarter-raises-more-than-8-mi...

Feb 26 07:56

Banks Ranked by Derivatives

The following is a ranking of all banks in the United States in terms of "Derivatives". This comparison is based on data reported on 2014-12-31.

Webmaster's Commentary: 

When it all comes apart, the US Government has already changed the laws to make you all pay for the mess!

Feb 26 07:52

Net Neutrality: Dusting off old regulations won't protect free, open Internet

They will not benefit consumers. They will not spur innovation. They will not encourage a young entrepreneur

Feb 26 07:52

HSBC chiefs say sorry to MPs – but it may be too little too late

In an attempt to demonstrate at least some humility for a scandal that has ravaged the bank’s international image, chief executive Stuart Gulliver and chairman Douglas Flint repeated apologies for the bank’s conduct – but with rather less qualification than on previous occasions – as they appeared before the Treasury Select Committee.

With the authorities in Belgium, France and the US preparing prosecutions, however, many may feel those apologies do not go far enough.’

Feb 26 07:44

U.S. Weekly Jobless Claims Rise To 313K

First-time weekly jobless claims in the U.S. rose by 31,000 to a seasonally adjusted 313,000 during the week to Saturday, the Labor Department said Thursday.

The data was above economists' expectations, which according to consensus forecasts were for claims to rise to 288,000. Last week's claims were revised down by 1,000 to 282,000.

Feb 26 07:41

How could Germany, in a span of 80 years (1918-2000s), lose a World War, get back in shape enough to start another one (in 20 years only), lose it again and then become one of the wealthiest countries?

As an American who has lived in Germany for the last 30 years, the Germans have some traits that tend to make them successful economically. 1. They spend a lot of time and energy early-on in an enterprise to get well organized so that later they can reap the benefits of efficiency. You could call this concentrating on long-term goals rather than just on the short term. Many German companies are still able to compete globally even though Germany is a high-wage place, simply because they are so efficient.

Webmaster's Commentary: 

An idea apparently lost on American businessmen who, isolated from the actual process of their companies by the MBAs, are unable to tell if their companies are efficient or not.

Feb 26 06:57

Why Does Maryland Have the Most Millionaires Per Capita? The Answer Might Make You Angry

The fat cats in Washington D.C. are living the high life, and they are doing it at your expense. Over the past decade, there has been one area of the country which has experienced a massive economic boom. Thanks to wildly out of control government spending, the Washington D.C. region is absolutely swimming in cash. In fact, at this point the state of Maryland has the most millionaires per capita in the entire nation and it isn’t even close. If you have never lived there, it is hard to describe what the D.C. area is like. Every weekday morning, hordes of lawyers, lobbyists and government bureaucrats descend upon D.C. from the surrounding suburbs. And at the end of the day, the process goes in reverse. Everyone is just trying to get their piece of the pie, and it is a pie that just keeps on growing as government salaries, government contracts and government giveaways just get larger and larger. Of course our founders never intended for this to happen.

Feb 25 23:54

Gold:Fool’s Gold - Michael Rivero - February 25, 2015

Feb 25 18:45

Frail Elderly Pro Se Slams NWTS on CPA and Little RICO 9A.82 Motion to Dismiss in WA.

Wednesday, February 25, 2015

KingCast and Mortgage Movies See Frail Elderly Pro Se Slam NWTS on CPA and Little RICO 9A.82 Motion to Dismiss in WA Snohomish Superior Court

Feb 25 18:13

The Day ATMs Run Out Of Money Is Approaching

Feb 25 18:08

Is Another Recession Looming For The U.S.?

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