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US-ECONOMY

The Vine
Food Backpacks Help Kids in Need
Source: AOL

(Nov. 22) -- Every Friday afternoon, the backpacks are placed carefully on the floors of the hallways in the elementary schools of Moberly, Mo.

US Debt and Printing Money Will Destroy This Country!

We are currently over $12 trillion in debt! Factoring in this year's governmental spending/bailout spree, we will see that figure go over $14 trillion by next year. This by itself is alarming and disastrous.

White House Aims to Cut Deficit With TARP Cash
Source: Wall Street Journal

The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue.

Initial Jobless Claims in U.S. Fall to 10-Month Low
Source: Bloomberg.com

Fewer Americans than anticipated filed claims for jobless benefits last week, signaling the worst employment slump in the post-World War II era is easing as the economy expands.

The Impact of Minimum Wage Rates on Body Weight in the United States
Source:

Growing consumption of increasingly less expensive food, and especially "fast food", has been cited as a potential cause of increasing rate of obesity in the United States over the past several decades.

Fake Economic Growth
Source: Campaign for Liberty

Perhaps the most concerning aspect of GDP growth is that, even with a deeply progressive Administration spending our children's children's money, the best we can achieve is a modest, fleeting boost in growth.

The Secret Message of Stimulus Spending
Source: Reason Magazine

Which suggests that stimulus funds are being allocated without thought to the level of unemployment within states.

Stealth Inflation
Source: Campaign for Liberty

In the popular mentality, however, inflation is simply defined as prices rising. After decades of steadily rising prices, people seem to have forgotten that prices sometimes fall.

US Economy Starting to Grow Again
Source: The New York Times

For the first time in a year, the United States economy grew, the Commerce Department said on Thursday. But even if a recovery is technically in the offing, job seekers likely will not begin to feel the benefits for months to come.

Don't Cry for Us, Argentina
Source: Campaign for Liberty

I am no prognosticator, and I don't run any doomsday websites, but the long-range forecast looks bad.

4 Problems That Could Sink America - Rick Newman (usnews.com)
Source: US News & World Report

If we're lucky, the recession is winding down, and life will start to feel a bit more comfortable before long. But that doesn't mean things will go back to the way they used to be.

Fed "Beige Book" Shows Only Modest Improvement in Overall Economy - Commercial Real Estate Continues to Tank
Source: http://www.federalreserve.gov

Reports from the 12 Federal Reserve Districts indicated either stabilization or modest improvements in many sectors since the last report, albeit often from depressed levels.

Report: IRS eyes 100,000 for tax credit fraud
Source: msnbc.com

The U.S. Internal Revenue Service is probing more than 100,000 doubtful claims of a tax credit meant for first-time home buyers, the Wall Street Journal reported on its Web site on Tuesday.

Corporate America worried about sinking dollar
Source: Reuters

The dollar has fallen to a 14-month low; and while a weaker dollar makes U.S. products cheaper overseas, chief executives gathered for the Business Council meeting in Cary, North Carolina, expressed deep concern that the anemic dollar signals serious jitters.

Bernanke is between an Overheated Printing Press and a Hard Place
Source: Nolan Chart

Recent actions of the world's central banks have sent a warning shot across the bow of the ship known as the Federal Reserve.

San Joaquin Bank bank is 99th to fail. - Oct. 16, 2009
Source: CNN

Regulators close San Joaquin Bank, raising the national tally to 99 for the year. The closure will cost the FDIC $103 million. The FDIC revealed there are now 416 banks at risk of failing -- the highest level in 15 years.

America's Teacher:A conversation with Michael Moore about "Capitalism:A Love Story
Source: The Nation

Naomi Kein: Well, I want to push you a little bit on this, because I understand what you're saying about the way he's (Obama) lived his life and certainly the character he appears to have.

Oil heads lower with crude supply on rise
Source: MSNBC.com

Oil prices fell sharply Thursday for a second straight day as growing supplies of crude, gasoline and heating oil exposed how badly the recession has cut into energy demand.

Oil Falls Below $66
Source: Yahoo! News

U.S. Job Seekers Exceed Openings by a Record 6 to 1 Ratio
Source: The New York Times

Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse.

Do we really want our fellow Americans to live happier, healthier and longer lives these days?

I don't think we do. I think we're caught in the 1950's cold-war mindset of us v. them, that we think we're only competing against our fellow Americans, that we haven't really come to understand this whole globalization thing.

China Worried About U.S. Printing Money | theTrumpet.com by the Philadelphia Church of God
Source: theTrumpet.com

China is worried about America's decision to resort to "credit easing"—a modern way of printing money—to try to get out of financial troubles. This may force China to find alternatives to the dollar, according to one official.

Hard times boost a dope economy
Source: Christian Science Monitor

It's harvest time again for the marijuana plant, and US drug eradication officers are busier than usual.

Afghanistan's Opportunity Costs
Source: Atlantic Council

The Afghan debate in the blogosphere is reaching new heights of late, mainly due to the recent Afghan elections and Admiral Mullen's comments concerning the deteriorating US position vis-à-vis the Taliban.

The Great 'Prevention' Myth by Charles Krauthammer
Source: The Washington Post

The central contradiction of Obamacare was fatally exposed : From his first address to Congress, Obama insisted on the dire need for restructuring the health-care system because out-of-control costs were bankrupting the Treasury and wrecking the U.S. economy"

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