Economy Archives February 2013
How biotechnology companies monopolize seed markets, escalate seed prices, and eliminate farmer choice
As the economy shows signs of recession, the leeches return. Alan Simpson and Erskine Bowles have issued a new report calling for even deeper austerity. It is not what the economy needs as it stagnates and sputters toward a possible new collapse. Their report combined with President Obama’s State of the Union, the sequestration and Republican dogma are all combining to bring on another round of budget cuts, which will only make recession more likely.
European officials are preparing to apply extreme cuts to their budgets beginning next year. The budget negotiations held last week resulted in a reduction in administrative costs, slightly more than the latest estimates, although lower than what had been proposed by British Prime Minister, David Cameron.
Venezuela’s government announced Friday that it is devaluing the country’s currency, a long-anticipated change expected to push up prices in the heavily import-reliant economy.
In the twentieth century, political Summits were seen as meetings to achieve common ground for the benefit of one or two nations. Then came globalism, a movement that intended to transform the world into one slave system governed by the fewest people possible. Summits turned into opportunities to confabulate against those who were not aligned.
Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation. The price freeze applies to every product in all of the nation’s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies’ trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government’s news agency Telam reported.