Economy November 2012 Archives

Archives October 2012 →

U.S. Government gave $5.7 Billion Given to Vaccine Manufacturers in 2011

In 2011, the US Federal government awarded 6 pharmaceutical corporations over 5.7 Billion to manufacture children’s vaccines alone.

BP Banned From US Government Contracts

The Environmental Protection Agency (EPA) in the US has temporarily suspended BP from new US government contracts.

US to auction 20 million acres in Gulf of Mexico for oil, gas exploration

The Obama administration on Tuesday announced it would auction off 20 million acres in the Western Gulf of Mexico for oil and natural gas exploration.

Portugal Approves Polemic Budget Amid Massive Public Protests

If anyone wants to understand how much disregard governments have for their people, it will suffice to look at Portugal.

If National Debt is not Important, why are we paying Income tax

Note: This article is focused on the United States, but the same question should be asked everywhere else?

Here are the real costs of Obamacare

First of all, allow me to disabuse you of the notion that Obamacare has anything to do with “health” care. Obamacare is not about health. It’s not about lowering the cost of health insurance. And it’s not about ensuring that everyone is insured.

Shadow Banking Bonanza hits $67 Trillion in 2011

The system of so-called “shadow banking,” blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of the sector.

François Hollande asks French people to embrace his plan for perpetual slavery

Convinced that his economic policy is “fair, consistent and effective,” and noting that his top priorities are growth and employment, François Hollande, called on Tuesday for social partners and the French people to seal a “historic commitment” to “reconquer the future.”

IMF presses Euro countries to hand over Sovereignty

The International Monetary Fund (IMF) has urged countries that are under pressure from markets and high financing costs, including Spain, to seek the help of the European bailout funds to enable the debt purchase program created by the European Central Bank (ECB) to be initiated.

Greek government imposes more Austerity

The same worn out ineffective policies that have done nothing to help Greece come out of the dire situation it has been for years have found more support at the highest levels of the Greek government.

The crisis has reached Germany, warns ECB president

Mario Draghi, the president of the European Central Bank (ECB), said Wednesday that the effects of the crisis are beginning to be felt in the German economy, which until now had remained largely untouched by the difficulties experienced by other European nations.

Brussels sees darker times for Spain and Europe

Brussels sees no green grass across the fence when it comes to an economic recovery. The economic forecasts for 2013, which will be made public on Friday, will describe a dark and rainy future for Spain and most likely the rest of Europe.

Do you want a recovery? Let the foreign banks fail

Although the financial crisis is said to have begun in 2008, its actual inception started many years before. As explained yesterday, the so-called recovery that almost every politician says governments are seeking is a sham.

Archives October 2012 →

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