Posts tagged ‘unemployment’

August 25, 2011

August 25th, 2011

The Budget Deal May Not Last Until Christmas

Capital Gains and Games | Stan Collender

OK…I’ll admit that saying the agreement will be gone by this Christmas is likely (but not necessarily) an overstatement.

But saying that the “Budget Control Act” — the debt ceiling increase/deficit reduction deal signed into law on August 2 — isn’t likely to be in place on January 1, 2013, or to have it’s projected impact over the full 10 years it supposed to be in effect is anything but an exaggeration.

The reason? Federal budget agreements have seldom, if ever, gone the distance. Instead, they have always been changed, waived, ignored or abandoned long before they were scheduled to expire.

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Judge rules warrant required to obtain cell phone location data

The Raw Story | Eric W. Dolan

A federal judge in Brooklyn ruled Monday that the federal government must establish probable cause and secure a warrant before obtaining records about a cell phone user’s location, saying it violated the Fourth Amendment’s protections against unreasonable searches, according to the New York Law Journal.

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American Workers Deserve Better Than This

Mises Daily | Christopher Westley

Why can’t everyone who wants a job, or a better job, just find one? In a perfect world, this would be the case. Sadly, the recently released employment figures for June indicate that the world in which we live is still far from perfect.

Nationally, unemployment still lingers in the low nines, with job growth clocking in at a meager 18,000 — a figure that will surely be revised downward.

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Obama 39%, Paul 38%

Rasmussen |

The president and the maverick are running almost dead even in a hypothetical 2012 election matchup.

Texas Republican Congressman Ron Paul earns 38% of the vote to President Obama’s 39% in the latest Rasmussen Reports national telephone survey of Likely U.S. Voters. Fourteen percent (14%) like some other candidate, and eight percent (8%) remain undecided. (To see survey question wording, click here.)

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Social Security disability on verge of insolvency

Yahoo News | STEPHEN OHLEMACHER

Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency.

Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can’t find new ones in an economy that has shed nearly 7 million jobs.

The stampede for benefits is adding to a growing backlog of applicants — many wait two years or more before their cases are resolved — and worsening the financial problems of a program that’s been running in the red for years.

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US government asset seizures on the rise

Sovereign Man | Simon Black

he Wall Street Journal published a disturbing article earlier this week entitled “Federal Asset Seizures Rise, Netting Innocent With Guilty.”

You can already imagine the crux of the article.

In the United States, there are hundreds of regulations which authorize dozens federal agencies to confiscate private property– homes, cars, bank accounts, gold, company shares, and even personal effects.

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The upside for gold and silver will knock your socks off – Embry

Mineweb.com | Geoff Candy

For many commentators, gold is considered not only a constant store of value but, also, a barometer for the health of the global economic system and the currencies that pump through its veins.

For, John Embry, chief investment strategist at Sprott Asset Management, the current parabolic rise in prices, which have beat even his optimistic performance expectations this summer, is indicative of the unsustainable debt situation in which the world now finds itself.

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Silver Prices To Reach Record Levels, Experts Says

Personal Liberty Digest |

While many investors have focused on the record levels that gold has reached in the past several weeks, the price of silver has gone up at a significant rate and has kept pace with the yellow metal, Barrons reported.

Industry experts have predicted that silver prices could top $50 an ounce over the next several months, as the rise of the value of gold may lead traders to favor a different commodity due to the amount of money that has been moved from the currency markets, according to the news outlet.

“Silver will benefit from the same factors as that of gold from rising investment drivers. Until the global macro situation gets clearer, prices will go higher,” Paul Walker, global head of precious metals at GFMS, said in a market review.

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The Truth About the Situation in Libya: Cutting through Government Propaganda and Media Lies

Global Research | Brian Becker

Libya is a small country of just over 6 million people but it possesses the largest oil reserves in all of Africa. The oil produced there is especially coveted because of its particularly high quality.

The Air Force of the United States along with Britain and France has carried out 7,459 bombing attacks since March 19. Britain, France and the United States sent special operation ground forces and commando units to direct the military operations of the so-called rebel fighters – it is a NATO- led army in the field.

The troops may be disaffected Libyans but the operation is under the control and direction of NATO commanders and western commando units who serve as “advisors.” Their new weapons and billions in funds come from the U.S. and other NATO powers that froze and seized Libya’s assets in Western banks. Their only military successes outside of Benghazi, in the far east of the country, have been exclusively based on the coordinated air and ground operations of the imperialist NATO military forces.

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Motion Papers and Oral Argument Transcript from Meshal v. Higgenbotham

Lawfare | Robert Chesney

In November 2009, the ACLU brought a suit on behalf of an American citizen–Amir Meshal–against two FBI agents and two unnamed officials, alleging the following: that he went to Somalia in 2006, that he fled the fighting there but was arrested and detained in Kenya, that he was later sent back to Somalia and then to Ethiopia, that these detentions and transfers were at the behest of the U.S. government, and that the defendants violated Meshal’s constitutional rights by threatening him with torture, enforced disappearance, and execution in order to induce a false confession

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A Look Back: Nixon Ends Bretton Woods International Monetary System

The Daily Bell | Richard Nixon

On August 15, 1971, President Nixon announced on TV 3 dramatic changes in economic policy. He imposed a wage-price freeze. He ended the Bretton Woods international monetary system. And he imposed a temporary surcharge (tariff) on all imports. The Bretton Woods system was created towards the end of World War II and involved fixed exchange rates with the U.S. dollar as the key currency – but also a role for gold linked to the dollar at $35/ounce.

Almost immediately after President Richard Nixon took the US off the gold standard, the price of gold began to rise and the dollar lost value and has been increasing in value, cyclically, ever since.

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Legal Obedience

Townhall.com | Walter E. Williams

What laws are we morally obligated to obey? Help with the answer can be found in “Economic Liberty and the Constitution,” a 66-page pamphlet by Jacob G. Hornberger, founder and president of The Future of Freedom Foundation.

Hornberger offers a hypothetical whereby Congress enacts a compulsory church attendance law that requires children to attend church service each Sunday. Parents are penalized if their children fail to comply. Would there be any moral or constitutional legitimacy to such a congressional mandate?

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Cop Rapes Woman at Gunpoint, 11-Year-Old Rape Victim Smeared, Accuser Sued for $2 Million: Is US Society Failing Victims?

AlterNet | Sarah Seltzer

If events of the last few months have sent any sort of message to women in America it’s this: if you’re raped or sexually assaulted, justice won’t be on your side.

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What Are They Afraid Of?

TomMullen.net | Tom Mullen

In this interview, Ron Paul inadvertently coined what should be the new slogan of his campaign.“What are they afraid of?”

He was talking about the blatant suppression by the media of any positive news about his campaign. For the few somewhat principled journalists that have admitted that it is intentional, the excuse offered has been that the media ignore him because he can’t win. However, this is counterintuitive. Is it not largely media coverage that propels candidates to the “top tier” in political races? Does anyone seriously believe that even Ronald Reagan or Bill Clinton would have won their respective primaries, much less the presidency, if the media had not covered their campaigns?

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Getting to Know Scholar Thomas E. Woods, Jr.

Harvard Political Review | Naji Filali

Thomas E. Woods, Jr. ‘94 is a Harvard alumnus who contributes to modern libertarian thought: a rare combination. He received his bachelor’s degree in history, and then moved on to Columbia, where he earned his master’s, M.Phil., and Ph.D. Today, Dr. Woods is a senior fellow of the Ludwig von Mises Institute and continues to add to his credentials, both as a traveling scholar-orator and as a New York Times bestselling author of eleven books, dissecting a broad range of topics spanning states’ rights, Church history, and the causes of the economic meltdown. Dr. Woods keeps company with liberty-minded luminaries such as Ron Paul (who wrote the foreword to Woods’s book Meltdown) and Judge Andrew Napolitano, and the Harvard Political Review is delighted that he has taken time out of his busy schedule to sit down with us.

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