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Jobs data dash recovery hopes: US unemployment rate hits 9.5% in June
Stock markets on both sides of the Atlantic tumbled on Thursday as investors took fright at a bigger-than-expected fall in US jobs last month that dashed hopes the recession was all but over in the world’s biggest economy.
The data showed that the number of people in employment fell 467,000 in June and the unemployment rate [...]
Gerald Celente speaks on Cap and Trade and other handicaps to the US economy
Gerald Celente speaks on Cap and Trade and other handicaps to the US economy
Swine flu ’shows drug resistance’
Experts have reported the first case of swine flu that is resistant to tamiflu – the main drug being used to fight the pandemic.
Roche Holding AG confirmed a patient with H1N1 influenza in Denmark showed resistance to the antiviral drug.
David Reddy, company executive, said it was not unexpected given that common seasonal flu could do [...]
Oregon’s second swine flu death confirmed: a young Marion County child
Oregon health authorities have confirmed the state’s second known death — in a young Marion County child — from the new H1N1 influenza virus, also known as swine flu.
The child, identified only as “younger than 5 years old,” died June 15, and infection with the swine flu virus was confirmed by the Oregon State Public [...]
US: Delinquencies Double on Least-Risky Loans
Delinquency rates on the least-risky mortgages more than doubled in the first quarter from a year earlier as U.S. efforts to help homeowners failed to keep pace with job losses that pushed more borrowers toward foreclosure.
Prime mortgages 60 days or more past due climbed to 2.9 percent of such loans through March 31 from 1.1 [...]
UK: Economy shrinks at fastest rate for half a century
The recession-blighted UK economy shrank at its fastest rate for more than 50 years in the first three months of 2009, official figures showed today.
Output fell by 2.4 per cent in the first quarter of the year – much worse than the 1.9 per cent drop previously estimated – the Office for National Statistics (ONS) [...]
FDA Confirms Presence of E. Coli in Nestle Cookie Dough
The Food and Drug Administration said yesterday that it had confirmed the presence of E. coli 0157, a deadly strain of bacteria, in samples of Nestlé Toll House refrigerated cookie dough produced at the company’s plant in Danville, Va.
Investigators did not find the bacterium inside the factory or on equipment but in a tub of [...]
Harrisburg chapter of NAACP urges martial law
Idiots! It looks like Gerald Celente just might be right, again.
The Harrisburg Chapter of the NAACP is calling on Pennsylvania Gov. Ed Rendell to suspend some civil liberties and impose martial law in the city to halt the wave of recent lawlessness.
Chapter President Stanley Lawson also called on Rendell to bring in the state [...]
The Great American Bubble Machine
Also available at: [Taibbi] The Great American Bubble Machine (LF exclusive!) – The Something Awful Forums
From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they’re about to do it again
Read More >>
Britain suffers 2nd H1N1 flu death
Britain suffered its second death from H1N1 flu late on Saturday after a 73-year-old man with serious previous health problems died from the virus in a Scottish hospital, Scotland’s health minister said on Sunday.
“Although it is concerning that the patient had swine flu, we are aware that the patient had very serious underlying health issues,” [...]
WA woman fifth to die of swine flu
A 26-YEAR-old Perth woman has died of swine flu, taking the Australian tally of people killed by the virus to five.
She is the second West Australian with swine flu to die.
A 26-year-old man from the remote WA Aboriginal community of Kiwirrkurra, west of Alice Springs, became the first Australian swine flu fatality when he [...]
Colorado beef company expands recall due to possible E. coli
A Colorado company’s recall last week of beef products possibly contaminated with E. coli has been expanded, the U.S. Department of Agriculture said this week.
The recall came as a result of “an ongoing investigation into 24 illnesses in multiple states,” the USDA said.
The initial recall of 41,280 pounds announced last Wednesday was voluntarily expanded Sunday [...]
Prospect of El Niño blows crop prices higher
Toss in a little UG99 and you got yourself a real crisis…famine to add to the pestilence.
If there is a single weather pattern that strikes fear into agricultural and soft commodities markets, it is El Niño.The recurring climatic event – caused by an increase of the water temperature in the tropical Pacific – has in [...]
Deficit forces California to issue IOUs
California is preparing to issue IOUs to its creditors this week as it grapples with an unprecedented cash crunch and prepares to begin its new fiscal year deep in the red.
Once the US’s richest state, California now has the dubious distinction of having the worst credit rating in the country.
It is facing a budget deficit [...]
Bernard Madoff Gets 150 Years in Jail for Epic Fraud
Bernard Madoff was sentenced to 150 years in federal prison for masterminding the largest Ponzi scheme in history, a penalty six times longer than those meted out to the chief executives of WorldCom Inc. and Enron Corp.
Madoff appeared today before U.S. District Judge Denny Chin in New York for the first time since his March [...]
Sears to Let Jobless Customers Stop Payments, Still Keep Fridge
Sears Holdings Corp., the largest U.S. department-store chain, will let customers who lose their jobs suspend payments and keep appliances bought with store credit cards in an effort to bolster sales in the recession.
Customers who spend at least $399 on appliances and related merchandise between July 6 and Aug. 1 will have one-twelfth of the [...]
Missing banker found with gunshot wounds
A Dutch financier who went missing after leaving his job at troubled banking group ABN Amro has been found dead with gunshot wounds.
Fears grew for the safety of high-flying banker Huibert Boumeester when he missed a business appointment. He had not been seen for a week.
Police said two of his shotguns had also disappeared from [...]
DF: US Defense Intelligence Agency swine flu risk to military
Grab it at Wikileaks
US Defense Intelligence Agency swine flu risk to military, 11 Jun 2009
House passes landmark climate change bill
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The bill requires that large U.S. companies, including utilities, oil refiners, manufacturers and others, reduce emissions of carbon dioxide and other gases associated with global warming by 17 percent by 2020 and 83 percent by 2050, from 2005 levels.
They would do so by phasing in the use of cleaner alternative energy than high-polluting oil and [...]
US TV prepares for $2bn ad shortfall
The US television industry faces a $2bn slump in advertising revenues during the next four years as advertisers turn away from broadcast and cable networks, according to a new report.
Digital video recorders that allow viewers to skip through commercials have knocked confidence in broadcast and cable advertising while younger, tech-savvy audiences are deserting their TV [...]
U.S. Bonds ‘Manufactured in N.Korea’
It appears North Korea is printing counterfeit U.S. bonds. An Italian newspaper reports a recent mysterious case involving US$134.5 billion worth of counterfeit bonds has a North Korea connection. Earlier this month two Japanese nationals were caught in Italy allegedly trying to smuggle the bonds into Switzerland.Il Messaggero says the fake bonds may have been [...]
Read More >>Five Banks Are Seized, Raising U.S. Failures This Year to 45
Five U.S. banks with total assets of about $1.04 billion were seized by regulators, pushing this year’s tally of failures to 45 as a recession drives up unemployment and home foreclosures.
Community Bank of West Georgia, in Villa Rica, Georgia; Neighborhood Community Bank of Newnan, Georgia; Horizon Bank of Pine City, Minnesota; MetroPacific Bank of Irvine, [...]
US swine flu cases may have hit 1 million
Swine flu has infected as many as 1 million Americans, U.S. health officials said Thursday, adding that 6 percent or more of some urban populations are infected. The estimate voiced by a government flu scientist Thursday was no surprise to the experts who have been closely watching the virus.
“We knew diagnosed cases were just the [...]
Journalist Files Charges against WHO and UN for Bioterrorism and Intent to Commit Mass Murder
The credit goes to Pete for this one. Must read article, make sure to click through and read the entire piece.
As the anticipated July release date for Baxter’s A/H1N1 flu pandemic vaccine approaches, an Austrian investigative journalist is warning the world that the greatest crime in the history of humanity is underway. Jane Burgermeister has [...]
ECB lends banks record 442 billion euros in 1-year funds
The European Central Bank said Wednesday it lent a record 442.24 billion euros (622.67 billion dollars) at 1.0 per cent in one-year funds to commercial banks.
The previous record for the central bank’s refinancing operations was 348.6 billion euros in two-week funds in December 2007 as crisis-hit commercial banks scrambled to bolster their balance sheets [...]
Years of Deficits: German Budget Headed for Massive Shortfalls
Chancellor Merkel’s cabinet on Wednesday approved a draft budget plan which calls for 310 billion euros of new debt in the next four years. In 2010, Berlin is expected to set a post-war record for deficit spending.
In the early years of Chancellor Angela Merkel’s term in office, her finance minister, Peer Steinbrück, made a name [...]
Toyota’s new boss warns of two more tough years
Toyota Motor Corp’s new president, the grandson of the group’s founder, warned on Thursday the auto industry faces another two tough years as he outlined his strategy to return the world’s No.1 car company to profit.
Toyota aims to build more autonomous operations in North America and shift its focus to marketing a region-specific vehicle line-up, [...]
Pandemic H1N1 Cluster in Buffalo New York Raises Concerns
Davis was an eighth grader at Harvey Austin School 97 on Sycamore Street.News 4 talked to the 15-year-old’s mother Lucretia Belton. Matthew attended Harvey Austin School 97.
His mother said complications from swine flu included pneumonia and MRSA.She said his kidneys were failing, and he was being kept alive by machines.A nine-year-old girl is also at [...]
More Fuzzed Up Numbers Being Reported by CDC on H1N1 Pandemic
Via Cryptome: CDC Fuzzes H1N1 Pandemic Reports 2
James Atkinson (www.tscm.com) sends:
More fuzzed up numbers being published by the CDC
Note the 20% increase over last week, even though the CDC falsely claims the numbers are dropping in Press Briefings and Announcements (when these charts show they are lying).
Influenza A/H1N1 epidemic escalating in Middle East
The influenza A/H1N1 epidemic swept over the Middle East region as infections continued to climb across the region and more countries previously immune to the flu saw their first confirmed cases.
Oman’s Health Ministry last Wednesday confirmed its first three A/H1N1 cases, which was three Omani students studying in the United States, the first such cases [...]
