Pontiac, Mich., sold the 80,300-seat Silverdome for $583,000 Wednesday. The former home of the Detroit Lions cost $55.7 million to build in 1975.
By Mark Guarino |
Ever want to own a domed football stadium?
The question was a plausible one Monday when it was announced that the Pontiac Silverdome — once home to the NFL’s [...]
Show Me the Money
We have been conditioned from birth to believe that everything wrong in our society is about Greed: The inordinate desire to acquire or possess more than one needs or deserves, especially with respect to material wealth.
However, my research concludes the earth’s environmental damage and pollution was not the result of greed and [...]
Source: Reuters
BEIJING — The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, restated his [...]
What Is At Stake With Free Trade
By Shamus Cooke
In the ten years since the World Trade Organization (WTO) protests in Seattle, global opposition to free trade and “globalization” has exploded. The general public now has a basic understanding of how the world economy works … against them: companies scour the globe searching for slave wages, [...]
A financial system which has almost exclusively benefited the wealthy
The International Forecaster – 2009-11-11
by Bob Chapman
The American journey that began on 8/15/71 is going to end over the next several years. The problems that have manifested themselves over the past few years signal the final stages of a destructive process that has [...]
By Shamus Cooke
The United States is moving backwards…fast. State budget cuts are decimating essential health and social services; public education is being destroyed; the social safety net is in tatters. To make matters worse, all of this is occurring when the loss of jobs stands at a twenty-six year high with no end in sight.
But [...]
Source: Daily Tech // < ![CDATA[
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CEO at leading parts supplier: “Energy independence…ultimately means that fuel has to be more expensive”
It’s no secret that when gas prices dropped early in the year and with the recession in full swing, hybrid sales saw their first drop in years. Faced with tough new [...]
Propping Up a Broken Capitalism
By Shamus Cooke
Five years ago it would be unthinkable that a harsh critique of capitalism would attract a mass audience. But this is exactly what Michael Moore’s new movie — Capitalism: A Love Story — has done. The source of Moore’s success is his willingness to focus on what the media [...]
Source: Reason
A WorldNetDaily story reports that the bill sponsored by Rep. Ron Paul (R-TX) that would call for an audit of the Federal Reserve has been “gutted” in a congressional committee. The legislation, H.R. 1207, would also close loopholes that prevent transparency of Fed actions. It currently has over 300 co-sponsors in the House.
In a [...]
Housing Rebound? Not So Fast
by Mike Whitney / November 2nd, 2009
Senate Democrats are a dogged bunch. And they’re not easily deterred from their primary duty of kowtowing the big banks. Case in point, the first-time home-buyer tax credit, the controversial bill which provides an $8,000 tax credit (re: subsidy) for new home buyers. Changes [...]
Arrest Warrant Issued for Alleged S. African Ponzi Schemer
November 1, 2009
Sydney, Australia
JTA Wire Service
An arrest warrant was issued for a Jewish South African businessman who is alleged to have duped investors in a Ponzi scheme.
Barry Tannenbaum is alleged to have defrauded investors out of $1.61 billion.
Finance Minister Pravin Gordhan said in parliament in Cape Town [...]
US Workers Starved Into Service
Common Dreams – 2009-10-23 by Sandy Leon Vest
It was only a matter of time before the nation’s skyrocketing unemployment translated into new recruits for the most powerful military force in the world.
With the official US unemployment rate at 10 percent and climbing (that’s more than 15 million people struggling [...]
ANGER STARTS TO SURFACE AGAINST THE BANKERS
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In this enlightening episode of On The Edge Keiser talks with former assistant secretary of the treasury Paul Craig Roberts. The segment with Roberts is very in depth, during it, Roberts talks about his most recent column titled, “U.S. Joins the Ranks of Failed States”.
Roberts who is credited with being the father of Reaganomics asserts [...]
Trends Research Institute Founder Predicts That the Worst Is Yet to Come
by Naresh Vissa
Recently [...]
How Did America Fall So Fast?
By Washington Blog
October 21, 2009 “Washington Blog” — In 2000, America was described as the sole remaining superpower – or even the world’s “hyperpower”. Now we’re in real trouble (at the very least, you have to admit that we’re losing power and wealth in comparison with China).
How did it happen [...]
Largest Transfer of Wealth to Financial/Political Elite in Global History
By Carl Herman
October 21, 2009 “LA County Nonpartisan Examiner” – Political “leadership” of the two oligarchy parties spin their economic policy as being for the public benefit. Professional economists increasingly cast economic policy in unprecedented harsh criticism, even calling for public demonstrations against what they claim [...]
Source: Huffington Post
WASHINGTON – The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.
Under the worst of circumstances, the report said, the government’s maximum exposure could total nearly $24 trillion, or $80,000 [...]
WALL STREET PONZI SCHEME CONTINUES UNABATED
The Dow is at 10,000, the Federal deficit is breaking records, unemployment is skyrocketing and money is cheap ~ so let’s inflate the same debt bubble, continue Wall Street’s derivative Ponzi scheme and let Main Street take the risk while Wall Street takes the profit: Allen [...]
Source: CNN – Martina Stewart
A leading fiscal mind on Capitol Hill and a one-time Obama Cabinet pick sounded the alarm Sunday over the projected long-term financial challenges the country faces.
“This deficit is driven by us,” New Hampshire Republican Sen. Judd Gregg candidly said Sunday on CNN’s State of the Union when asked about the federal [...]
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