It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by tracer7
here is a great video about watching the numbers game. we have all been fooled.
Schwarzenegger's action sent a signal to the state's powerful unions that represent the majority of the state's workers, that they should agree to his demands for pension reform and reductions in pay, or he will make their members' lives more difficult.
U.S. factory orders dropped 1.4% in May, the largest decline in 14 months. These numbers clearly indicate a stalled recovery and must be addressed before the “recovery” pace can resume and improve consumer and investor sentiment
And who will pay the price for this triumph of orthodoxy? The answer is, tens of millions of unemployed workers, many of whom will go jobless for years, and some of whom will never work again.
Originally posted by Stewie
The banks are causing all of this pain. WHY is anybody's guess, unless someone here can enlighten us on why the banks got really inflexible almost two years ago.
I mean TOTALLY inflexible.
There are a lot of businesses like mine, that need their banks to work with them in a slowdown. In the past, there has never been a problem with the banks. That changed.
It doesn't make ANY sense to take ALL options away from your customers unless the banks HAVE NO CHOICE. So, WHO is tying their hands? All I hear is it is the "regulators" that will not allow any flexibility, so that tells me this.
They want to crash the system.
OR, they are the most ignorant a-holes to ever manage an economy, but either way, a SERIOUS economic problem will be the result. I can tell you, the pain is only starting, and I am not just spreading manure here.
“China is in the process of sinking $3.5 billion into Afghanistan to exploit one of the last remaining copper reserves on the planet. And how many deaths in Afghanistan for the People’s Liberation Army? Zero. Will China step in to protect the largest single foreign investment in Afghanistan’s history? You bet — but only after fighting the Taliban to the very last American soldier it could muster.
Feel ripped off? On a gut level, you should. “
- “Is Obama’s Afghanistan Strategy Ripping Off America?,” Thomas P.M. Barnett, Esquire magazine, December 2009
S. Frederick Starr, the chairman of the Central Asia-Caucasus Institute, an independent research organization in Washington, said that skeptics might wonder whether Washington and NATO had conducted “an unacknowledged preparatory phase for the Chinese economic penetration of Afghanistan.”
“We do the heavy lifting,” he said. “And they pick the fruit.”
The reality is more complicated than that… [but] the conclusion is inescapable: American troops have helped make Afghanistan safe for Chinese investment.
Originally posted by xstealth
Why is the stock market up so much this morning?
Did I miss out on any good news?
Global shares have jumped as investors look to take advantage of what they perceive as cheap, oversold stocks.
The imminent announcement of pricing details for the flotation of Agricultural Bank of China (Agbank) helped to improve sentiment.
Positive comments by a European Central Bank (ECB) member about the finances of French banks also boosted stocks.
Leading US shares opened 1% higher, while all the main European markets gained more than 2.5%.
Earlier, China's Shanghai composite index climbed 1.9%...