(Reuters) – Occupy Wall Street marks its first anniversary on Monday, and, in a bid to rejuvenate a movement that has failed to sustain momentum after sparking a national conversation about economic inequality last fall, activists plan once again to descend on New York’s financial district.
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Comments »The national average for children attending private school is 12%.
As the Chicago teachers’ strike continues, we’ve learned that they make $71-76,000 a year and they turned down a 16% pay increase, which amounts to $11,360. They work nine months out of the year, but say that this strike is benefits oriented. However, given that ABC World News didn’t even air this story last Sunday and most of the media, with the exception of CBS, failing to mention the compensation statistics in their broadcast – suffice to say that the media will probably ignore the fact that almost 40% of Chicago’s public school teachers send their kids to private schools.
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Comments »Orwell is flipping somersaults in his grave. Someone forgot to brief Carney concerning the terrorists burning Obama in effigy.
Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.
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Comments »Unbelievable.
First, the Pentagon called Pastor Jones to ask him to withdraw his support for the film that is being used as a lame pretext to explain the Islamist mobs attacking our embassies. Today, Press secretary Carney did the same. And the White House contacted YouTube in order to get the video removed. The violent attacks and burning embassies aren’t a result of Islamists who want to kill us. No, no. They are all about a crummy video.
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Comments »A look at U.N. Agenda 21…
Cheers on your weekend !
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Comments »“The Federal Reserve laid out a serious quantitative easing program Thursday, including $40 billion in mortgage security purchases a month, and Bank of America economists took the central bank at its word.
“This is the Fed engaging all their major policy tools to support a stronger recovery in the labor market,” BofA economists Michael Hanson and Ethan Harris write in a note to clients obtained by Business Insider.
Indeed, the Fed expressed serious concern about unemployment, now 8.1 percent, with Chairman Ben Bernanke saying in his press conference, “We’re looking for ongoing, sustained improvement in the labor market.”
Comments »“The Federal Reserve, frustrated by persistently high U.S. unemployment and the torpid recovery, launched an aggressive program to spur the economy through open-ended commitments to buy mortgage-backed securities and a promise to keep interest rates low for years.
In the most significant of its new moves, the Fed said Thursday it would buy $40 billion of mortgage-backed securities every month and would keep buying them until the job market improves, an unusually strong commitment by the central bank.
“We want to see more jobs,” Fed Chairman Ben Bernanke said at a news conference Thursday, explaining the rationale for the Fed’s actions. “We want to see lower unemployment. We want to see a stronger economy that can cause the improvement to be sustained.”
Comments »Looks like a middle east crisis is the only thing that could harm Obama for re-election.
Comments »“Bank of America Corp has agreed to settle U.S. Department of Justice civil accusations that it violated federal laws by discriminating against mortgage applicants on the basis of disability.”
Comments »Effective Monday the 17th as Kraft will be splitting its company up.
Comments »Retail sales up 0.9% vs consensus 0.7%
Comments »“Japan lowered the assessment for its economy, the first consecutive downgrade since the waning of the global credit crunch in 2009, fueling concern the world’s third-largest economy will contract this quarter.
Japan’s “recovery appears to be pausing due to deceleration of the world economy,” the Cabinet Office said in a monthly report released in Tokyo today. “Private consumption is almost flat,” while industrial production and exports are weakening, it said.”
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