Archive for Economy

Beware of the Obama tax increases

Posted in Attack on Freedom, Attack on the Republic, Barack Hussein Obama, Business, economic tyranny, Economy, End The Fed, General, International Bankers, International Monetary Fund, Multi-National Corporations, New World Order, News with tags , , , , , , on September 7, 2010 by truthwillrise

Eric Cantor
USA Today
September 2, 2010

Listening to the Democrats this summer, you’re unlikely to hear about an impending tax increase. In an effort to sanitize their historically irresponsible decision to raise tax rates in the midst of a struggling economy, President Obama and the congressional majority say they are merely “allowing the Bush tax cuts” to expire.

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Skillful messaging perhaps, but cold comfort to the millions of Americans and small businesses who aren’t concerned with what their effective tax rate was in 2001. For them, on Jan. 1, one of two things will happen: Taxes will go up, or taxes will stay the same. Coming to grips with this reality will be crucial to jumpstarting the economic recovery. Decisions on whether to buy an appliance, invest in a company, or expand a business are made by taking into account after-tax returns in the future — not in the past.

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Gerald Celente with Shepard Ambellas on The Intel Hub 10 Aug 2010

Posted in Attack on Freedom, Attack on the Republic, Business, economic tyranny, Economy, Fiat Currency, Gerald Cilente, International Bankers, International Monetary Fund, New World Order, News, The Constitution, The Federal Reserve with tags , , , , on September 2, 2010 by truthwillrise

GeraldCelenteChannel | September 02, 2010

Gerald Celente with Shepard Ambellas on The Intel Hub 10 Aug 2010

24 multinationals move HQ to Shanghai

Posted in Attack on the Republic, Economy, International Bankers, Multi-National Corporations, New World Order, News with tags , , , , , , , on July 15, 2010 by truthwillrise

CNTN
July 15, 2010

24 multinational companies, have decided to move their regional headquarters to Shanghai, including 6 Fortune 500 companies such as Vale, Walt Disney and Kraft Foods.

This will push the total number of companies with regional headquarters in Shanghai to nearly 300. Nearly 500 have regional research and development centers there.

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An Oppurtunity That Offers Freedom

Posted in Economy, General, Life Improvement with tags , , , on July 12, 2010 by truthwillrise

PDFGen

Barack Obama, Barry Soetoro

Posted in Aaron Russo, Alex Jones, Attack on Freedom, economic tyranny, Fiat Currency, International Bankers, New World Order, News, Poison Foods and Products, Police State/Martial Law, Secret Societies, Shadow Government, Stupid Government Tricks, The Constitution, The Federal Reserve, Truth/Freedom, Tyranny, Unconstitutional with tags , , , , , , , , , , , , , , , on June 4, 2010 by truthwillrise

Infowars.com
June 4, 2010

Don’t be fooled by the slick charismatic puppet that can charm the back legs off a donkey, Obama is not who he claims to be, watch this video and the picture will become more clear. For those of you who voted for the pimp, do not blame yourself, you can make real change from here on out.

Eliot Spitzer: “The Federal Reserve Is A Ponzi Scheme” (Inside The Fed’s Secret Pile Of Trash With Ratigan, Spitzer & Toure)

Posted in Business, economic tyranny, Fiat Currency, International Bankers, New World Order, News, Ron Paul, The Federal Reserve with tags , , , , , , , on February 11, 2010 by truthwillrise

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Best Quote Is Eliot Spitzer Calling The Federal Reserve A Ponzi Scheme

An outstanding discussion, primer and visual lesson on toxic assets, failed banks, the Federal Reserve, HR 1207, auditing the Fed, and you, the f*cked taxpayer.  Don’t miss this clip and then send it to someone else.  Pay it forward until we have millions of f*cked taxpayers who will at least be informed.  Awareness is our only chance.

And a Friday f-you to a few individuals: Alan Greenspan, Bob Rubin, Henry Paulson, Ben Bernanke, Tim Geithner, George Bushes, Obama, Nancy Pelosi, Bill Clinton, Barney Frank, Joseph Cassano, and James Cramer.

Now the acronyms: SIV, CDO, CLO, CMO, FDIC, TARP, TALF, TLGF, PPIP and finally, most vehemently CNBC (except Faber & Santelli), for covering all of this for the last decade, and still never telling the truth.

(From James) More green shoots from Dylan Ratigan’s awesome new show.  Dylan puts on his Banker hat and swaps a (literal) bag of trash, on-air, for $13.9 Trillion worth of Monopoly money from a guy wearing a “Fed” hat.  Dylan then explains why we should support Ron Paul’s Audit of the Fed (HR 1207) and explains in plain and simple terms how we have been screwed by the Fed’s bailout of the banks.  This is really good stuff.  I can’t help but admire Ratigan for what he’s doing with the new show.  From our perspective, it just gets better and better.  Here are just two of several choice morsels from this clip:

  • “The Federal Reserve just extended $14 Trillion of our money, our children’s money, America’s future…and now they don’t want to talk about what’s in the bag. And they did it because the banks created a garbage bag full of bad debts.” (4:45)
  • “I feel as if America has suffered the greatest theft and cover-up — ever, … where banks created a pile of garbage, that they paid themselves billions of dollars in personal compensation, and then stuck the trillions of dollars worth of garbage with the American taxpayer. That, to me, is stealing.” (7:05)

Wal-Mart cuts 11,200 jobs at Sam’s Club

Posted in Business, Economy, General, News with tags , , , , , on January 25, 2010 by truthwillrise
A child looks at a flat screen television at a Sam's Club, a division of Wal-Mart stores in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

SAN FRANCISCO (Reuters) – Sam’s Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members.

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Sam’s Club Chief Executive Officer Brian Cornell said on Sunday that the retailer would outline charges associated with the job cuts in February, when it releases fourth-quarter results. He said he did not expect any “material impact” on its financial results.

“We look at this as an investment in the in-club experience,” Cornell said in an interview. “This is not a cost-cutting move for us in the short term. We really hope it will be cost neutral for our operation. It’s an investment in building loyalty, enhancing the member experience and driving future growth.”

Cornell took the helm at Sam’s Club on April 3 last year and has been looking for ways to boost its sales and increase its membership ranks. Members pay an annual fee to shop in its clubs and get discounts on everything from bulk-sized packages of toilet paper to raspberries.

Sam’s Club said it will use Shopper Events, a third-party company, instead of its own employees to run in-store product demonstrations and hand out food samples — a popular tactic used by warehouse clubs to entice shoppers to buy new items.

In a memo to employees, Cornell said Shopper Events will develop a demo program, called “Tastes and Tips”, that will offer improved demonstration of items like food, beverages and electronics.

The shift means Sam’s Club will cut 10,000 jobs primarily held by part-time workers. Current Sam’s Club demo employees can apply for new jobs with Shopper Events.

Brian Pear, general manager for Shopper Events, said his company would hire about the same number of employees being let go by Sam’s Club. But he said there was no guarantee it would hire former Sam’s Club employees to fill the positions.

Cornell and Pear declined to disclose terms of the deal.

Sam’s Club, the No. 2 U.S. warehouse club operator behind Costco Wholesale Corp, also said it was cutting the new business membership representative position, or employees in its stores who focused on recruiting new members. That will result in the loss of about 1,200 jobs, or about two jobs per every location.

Sam’s Club said it was having more success recruiting members through direct marketing or doing price comparisons, where it shows consumers how much money they could save by shopping in its clubs.

Craig Johnson, president of consulting firm Customer Growth Partners, said it made sense for Cornell to announce such extensive job cuts early on in his tenure.

“If you need to take a hit to get your cost structure down, you want to do that sooner versus later,” he said. “Given that it’s the end of the fiscal year, now is probably the best time to take the hit.”

Wal-Mart’s fiscal year ends on January 31.

While Sam’s Club said the move was not a cost cutting one, Johnson said companies like Shopper Events, which specialize in in-store sampling, can typically deliver those types of services less expensively than a retailer can.

The latest job cuts come after Sam’s Club said earlier this month that 1,500 jobs would be lost as it closed 10 money-losing stores.

At Wal-Mart’s meeting for analysts in October, Cornell said that Sam’s Club was shifting its focus from opening new clubs to remodeling existing ones as it works to increase sales.

He said then that the retailer was testing a new store layout, adding more food and drugs to its shelves, and streamlining operations to reduce labor hours in its clubs by 6 percent to 8 percent over the next five years.

Sam’s Club operates some 600 clubs and has about 110,000 employees.

Wal-Mart shares closed on Friday up 2 cents at $52.94.

When the largest retailer in the world is cutting jobs, you know things are getting bad. Owning what you do is the surest way to getting ahead or even staying afloat. To find out how you can own what you do and help people, log on to http://www.BrandonKing.greatcareerplan.com 

-truthwillrise

John Perkins on The Alex Jones Show :Vote With Your Wallet

Posted in Alex Jones, Attack on Freedom, economic tyranny, International Bankers, New World Order, News, The Federal Reserve, Tyranny with tags , , , , , , on December 8, 2009 by truthwillrise

Alex also talks with John Perkins, economist and author of Confessions of an Economic Hit Man and more recently A Game as Old as Empire: the Secret World of Economic Hit Men and the Web of Global Corruption
http://www.johnperkins.org/
http://www.infowars.com/

Commodity Rally Drives Mining Stocks Higher as Dollar Drops

Posted in Business, Economy, Fiat Currency, International Bankers, New World Order, News with tags , , , , on November 18, 2009 by truthwillrise

By Stephen Voss

Nov. 18 (Bloomberg) — Commodities rose as the recovering world economy spurred demand for raw materials, sending gold to a record and mining stocks higher. Oil advanced for a third day as the dollar fell.

Crude oil climbed to $79.92 a barrel at 10:07 a.m. in London as gold for immediate delivery reached a record for the second day this week, touching $1,147.72 an ounce. Copper jumped 2.3 percent to a 14-month high as the Dollar Index declined. Europe’s Dow Jones Stoxx 600 Basic Resource Index gained 1.3 percent, led by shares of BHP Billiton Ltd., the world’s biggest mining company, and Rio Tinto Group.

“For commodities as a whole, now there is no fear that there will be an economic calamity,” Amrita Sen, a commodities analyst at Barclays Capital, said in London. “Investor sentiment remains extremely robust. We will continue to see that continue through the fourth quarter.

Signs the global economy is recovering from its worst recession since World War II stoked demand for fuel amid output reductions by the Organization of Petroleum Exporting Countries, while China’s expansion sucked in imports of copper, aluminum and iron ore. The MSCI Emerging Markets Index has doubled from its low point on March 2.

Industrial metals rallied on the London Metal Exchange, with copper for three-month delivery rising to $6,985 a metric ton, the highest price since Sept. 25, 2008. Nickel jumped 3 percent on speculation Chinese demand for stainless steel will counter lower consumption in the U.S.

Platinum Demand

Platinum for immediate delivery gained as much as 0.4 percent to $1,463.10 an ounce, the highest level since Aug. 29, 2008. Demand for platinum jewelry has risen to a six-year high on record consumption in China, Johnson Matthey Plc said yesterday.

President Barack Obama was scheduled to meet today with Premier Wen Jiabao at the end of his first trip to China. In talks yesterday with President Hu Jintao, Obama said China played a key role in helping to end the global recession and urged Hu to make good on a commitment to allow the yuan to appreciate.

Oil rallied after the American Petroleum Institute said yesterday that crude inventories fell by 4.37 million barrels last week to 333.1 million. The U.S. Energy Department will release its own weekly inventory report at 10:30 a.m. in Washington.

UBS AG raised its forecast for oil because of a weaker dollar and improved demand from developing nations, particularly China, the world’s second-largest energy consuming-nation.

Yen Declines

The dollar and the yen fell against the euro as stocks rose. The U.S. currency weakened 0.4 percent to $1.4942 per euro and the yen dropped 0.3 percent to 133.14. The pound slid 0.5 percent to 88.95 pence per euro after minutes from the Bank of England’s Nov. 5 meeting showed policy makers split three ways in a vote to extend the bond-purchase program to 200 billion pounds ($336 billion) and discussed lowering the deposit rate.

The MSCI World Index added 0.3 percent. Europe’s Dow Jones Stoxx 600 Index gained 0.3 percent amid speculation Cadbury Plc may receive a joint bid from Hershey Co. and Ferrero SpA. Cadbury advanced 1.1 percent to 797 pence.

U.S. stock-index futures were little changed before reports due at 8:30 a.m. in Washington that may show builders in October broke ground on houses at the fastest pace in 11 months, while consumer prices held below the Federal Reserve’s long-range goal.

Micex Rallies

The Micex Index of stocks in Russia, the world’s biggest energy-exporting economy, jumped 1.1 percent to a four-week high. Qatar’s DSM 20 Index increased 1.5 percent, leading gains in global benchmarks, after the government yesterday sold $7 billion of international bonds in the biggest emerging-market debt sale this year.

Treasuries were little changed, with the yield on the 10- year note at 3.34 percent. The U.S. will probably sell $44 billion of two-year notes on Nov. 23, a record $42 billion of five-year debt on Nov. 24, and $32 billion of seven-year securities on Nov. 25, also the most ever, according to Wrightson ICAP LLC, a Jersey City-based research firm that specializes in government finance. The two-year note auction would match the record amount sold last month.

To contact the reporter on this story: Stephen Voss in London at sev@bloomberg.net

Circulation drops at U.S. newspapers as readers turn to online news sources

Posted in Business, Economy, News with tags , on October 26, 2009 by truthwillrise

Martin Zimmerman
The Los Angeles Times
October 26, 2009

Circulation at U.S. newspapers fell more than 10% during the last six months as readers fled to the Internet at a faster pace.

 

The Audit Bureau of Circulations reported today that the average weekday circulation of the nearly 400 daily papers that reported sales slid 10.6% between April and September compared to the same six-month period in 2008. That was bigger than the 7.1% decline recorded during the previous six months.

Of the nation’s five biggest daily papers, four reported circulation declines. The Wall Street Journal displaced USA Today as the nation’s largest daily, notching a slim 0.6% gain in subscribers to reach slightly more than 2 million. USA Today’s circulation fell 17% to 1.9 million as the Gannett Co. paper, which gets many of its sales at hotels and airports, was hit by the slump in travel.

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