Mainstream News

Hollande warns on euro strength, denounces markets for currencies

"Francois Hollande has issued a clear warning that the current strength of the euro could damage the fragile economic recovery in Europe, calling for international action to stem currency distortions. 'The euro should not fluctuate according to the mood of the markets,' the French president told the European parliament in Strasbourg. 'A monetary zone must have an exchange rate policy. If not, it will be subjected to an exchange rate that does not reflect the real state of the economy.'" Continue reading →

Continue ReadingHollande warns on euro strength, denounces markets for currencies

Jim Rogers: Short US Government Bonds ‘Right Now’

"With the Federal Reserve and now Bank of Japan printing massive amounts of money, billionaire investor Jim Rogers told CNBC's 'Closing Bell,' he is shorting U.S. government debt. 'It's all artificial what's going on right now,' Rogers said. 'The Federal Reserve is printing money as fast as they can. The Bank of Japan said 'we're going to print unlimited money.'' He called the Fed's monetary stimulus 'outrageous.' He also likes Russia for the first time in his career. Russia is changing but the market remains unloved. Rogers is buying the bonds, the currency and stocks." Continue reading →

Continue ReadingJim Rogers: Short US Government Bonds ‘Right Now’

Jim Rogers Joins Bill Gross Warning on Treasuries

"Investor Jim Rogers joined Bill Gross, who runs the world’s biggest bond fund, in warning that a rout that sent Treasuries to their biggest loss last month in almost a year probably isn’t over. 'I’m short long-term government bonds,' betting the securities will fall, Rogers, the author of the book 'Street Smarts,' said yesterday on Bloomberg Radio. 'I plan to short more. That bull market, that’s a bubble.' In an interview with Bloomberg News on Oct. 28, 2009, he said Treasuries are the 'next bubble in the making' when yields on the 10-year note were 3.42 percent." Continue reading →

Continue ReadingJim Rogers Joins Bill Gross Warning on Treasuries

Judge Napolitano on Obama’s Drone Strike Policy: ‘This Is the Power Claimed by Kings and Tyrants’

"'It says 'any informed high-level U.S. government official can strip an American of his or her constitutional protections and order the killing of that American if the person is overseas, if it's difficult to arrest that person,' said Napolitano, explaining that the memo does not clearly define what 'imminent danger' to the United States means. 'This is the power claimed by kings and tyrants. This is about as un-American a power as one could imagine,' he said." Continue reading →

Continue ReadingJudge Napolitano on Obama’s Drone Strike Policy: ‘This Is the Power Claimed by Kings and Tyrants’

Women delivering newspapers in Torrance shot in manhunt for ex-cop

"Two women who were shot by Los Angeles police in Torrance early Thursday during a massive manhunt for an ex-LAPD officer were delivering newspapers, sources said. The women, shot in the 19500 block of Redbeam Avenue, were taken to area hospitals, Torrance police Lt. Devin Chase said. They were not identified. One was shot in the hand and the other in the back, according to Jesse Escochea, who captured video of the victims being treated. It was not immediately known what newspapers the women were delivering. After the shooting, the blue pickup was riddled with bullet holes and what appeared to be newspapers lay in the street alongside." Continue reading →

Continue ReadingWomen delivering newspapers in Torrance shot in manhunt for ex-cop

Police, Looking for 6 Foot 270 lb Black Man, Shoot 2 Asian Women Delivering Newspapers

"TV news stations in LA are warning people not to drive pick up trucks in LA and to obey all traffic laws or risk being shot by police who are 'all stressed out and tense,' as a result of a cop killer on the loose. The killer is ex-cop Christopher Jordan Dorner, he is a 6 foot black man weighing 270 pounds. As a result of the manhunt, Southern California cops have shot two Asian women, delivering newspapers, who happened to be driving a vehicle similar to the one Doner is believed to be driving." Continue reading →

Continue ReadingPolice, Looking for 6 Foot 270 lb Black Man, Shoot 2 Asian Women Delivering Newspapers

Defense Secretary Panetta admits the Pentagon and Clinton supported arming Syrian rebels

"Defense Secretary Leon Panetta on Thursday admitted for the first time that the Pentagon had backed proposals to arm the Syrian opposition battling to oust President Bashar al-Assad. The idea was first floated by former secretary of state Hillary Clinton, who met privately with David Petraeus, then CIA chief, in the summer of 2012 as the fighting raged in Syria. They proposed vetting rebel groups and training fighters in a plan which they presented to the White House, according to the New York Times, citing administration officials." Continue reading →

Continue ReadingDefense Secretary Panetta admits the Pentagon and Clinton supported arming Syrian rebels

Americans Collecting Disability Increased 1,385,418—Now 1 for Each 13 Full-Time Workers

"During President Barack Obama’s first term, the number of Americans collecting federal disability insurance increased by 1,385,418 to a record 8,827,795. As a result, there is now one person collecting disability in this county for every 13 people working full-time. Forty-two years ago, in December 1968, there were 51 people working full-time in this country for each person collecting disability. Back in January 2001, there was one person collecting disability for every 23 full-time workers; by December 2004 there was one person collecting disability for every 19 full-time workers; and by December 2008, there was one person collecting disability for every 16 full-time workers." Continue reading →

Continue ReadingAmericans Collecting Disability Increased 1,385,418—Now 1 for Each 13 Full-Time Workers

Bad Economy Has Young Europeans at Home

"In 2011, more that 50 percent of the 25- to 34-year-olds in Greece, Bulgaria, Slovakia and Malta still lived in their parents' homes. In Portugal, Italy, Hungary and Romania more than 40 percent of those in this age group remain in the nest (see graphic). These numbers are in stark contrast to those in the EU's most northerly member nations, with less than 5 percent of 24- to 34-year-olds in Finland, Sweden and Denmark. A similar phenomenon, dubbed the 'boomerang generation,' has been identified in the United States, where some 29 percent of Americans in the same age have had to return to their parents' home in recent years." Continue reading →

Continue ReadingBad Economy Has Young Europeans at Home

Well Educated Young Spaniards Move Back In With Parents

"Nationwide, more than half of people under 25 can't find jobs, while in Andalusia the figure is higher than 62 percent. Those who are a little older -- around 30 and well educated -- are seeing their lifelong dreams turn into failures. Many are forced to do what García and Vivar have done. The two grown men gave up their apartments and moved back into their parents' homes, because they were no longer making enough money. According to figures by the European Union statistics agency Eurostat, 37.8 percent of Spaniards under 35 are now living with their parents." Continue reading →

Continue ReadingWell Educated Young Spaniards Move Back In With Parents