Cover Story
PLEADING WITH OUR OPEC OVERLORDS
| Published 05/16/08
President Bush is in Saudi Arabia today meeting with King Abdullah to lobby (beg) the monarch to have OPEC pump more oil to help ease soaring gas prices in the U.S. Abdullah is expected to turn him down, just as he did earlier in the year when Bush made the same request. America's position of vulnerability- exemplified by our president's current unsuccessful cajoling of a monarch in The Kingdom- is the result of dependence on a distant cartel for the economy's crucial energy sector. |
TODAY'S NEWS
Retail gas prices hit record highs for the tenth day in a row, auto group AAA's Web site showed Saturday. |
Wake Up Treasury: China is a currency manipulator
By | 05/17/08
Everybody knows China manipulates currency... except the U.S. Treasury. They didn't get the memo. Treasury must issue reports each year identifying currency manipulation, and, by golly, has never found it. No matter how hard they look. |
Iconic GE confirms plans to exit appliance business
By | 05/16/08
General Electric Co. said Friday that it plans to sell or spin off its iconic appliance business, which has provided refrigerators, air conditioners and ovens for millions of U.S. homes. |
Bribes? EADS North America spent $850,000 to lobby in first quarter
By | 05/16/08
How much does it cost to buy out the U.S. military? $850,000. That was the amount that EADS spent in the first quarter of this year to lobby in Washington- which resulted in the unfair awarding of a $40 billion tanker contract to Airbus over the more qualified American based Boeing. |
Foreign central banks boost U.S. debt holdings
By | 05/16/08
Foreign central banks were net buyers of U.S. Treasury debt and U.S. federal agency debt in the latest week, Federal Reserve data showed on Thursday. |
NAFTA: Not Working For Canada Either
By | 05/16/08
Americans aren't the only ones upset by the failed trade policies of NAFTA that has shipped our industries abroad and stagnated middle class wages... |
Oil prices surge on weaker dollar
By | 05/15/08
Oil prices surged nearly $2 a barrel Thursday as the dollar fell against the euro and investors anticipated strong demand for diesel fuel in parts of China ravaged by Monday's earthquake. Gas prices, meanwhile, advanced past $3.77 a gallon. |
Jobless claims up, once again
By | 05/15/08
The number of newly laid off workers applying for unemployment benefits rose slightly last week, indicating the weak economy was still weighing on the job market. |
The Great American Sell Off
ECONOMIC STATISTICS
| Sound recording industries | 97% |
| Commodity contracts dealing | 79% |
| Motion picture and sound recording industries | 75% |
| Metal ore mining | 65% |
| Motion picture and video industries | 64% |
| Wineries and distilleries | 64% |
| Database, directory, and other publishers | 63% |
| Book publishers | 63% |
| View Full List of Industries | |
| Japan | $517.2 Bn |
| China | $405.5 Bn |
| United Kingdom | $299.7 Bn |
| Brazil | $128.8 Bn |
| Oil Exporters | $126.7 Bn |
| Luxembourg | $76.3 Bn |
| Hong Kong | $54.3 Bn |
| View Full List of Debtholders | |
| Footwear | 90% |
| Audio & Video Equipment | 87% |
| Other Leather Products | 86% |
| Leather and Hide Tanning | 75% |
| Apparel Accessories | 67% |
| Apparel | 67% |
| Computer Equipment | 59% |
| View Full List of Products | |
Sticky Topics
Solutions to America's Economic Problems
02/07/08
24 comments
Six Economic Questions The Presidential Candidates Must Answer
02/22/08
14 comments
Living In Debt - A Summary of America's Current Economic Condition
10/15/07
0 comments
Six Reasons Why America Must Get Out of the WTO Now
11/02/07
1 comments
Entertainment
Writing On The Wall-Mart
The Blue Collar Guy
Wake-Up America
The Candidate
The Auctioneer
RECENT COMMENTS
|
China is Not The Problem By: guest (05/06/08 12:59 PM) |
|
Airbus Deal Must Be Stopped By: guest (05/06/08 12:45 PM) |
|
China is Not The Problem By: guest (05/03/08 08:02 AM) |
|
China is Not The Problem By: guest (05/01/08 11:54 AM) |
|
Airbus Deal Must Be Stopped By: guest (05/01/08 11:47 AM) |
|
China is Not The Problem By: guest (04/30/08 06:59 PM) |
|
A Motion of No Confidence for Incompetent Leaders By: guest (04/30/08 02:00 AM) |
Economic Videos
Recommended Websites
| Economic Analysis |
| Economicrot |
| Itulip |
| TheMessThatGreenspanMade |
| PaperMoney |
| Stockmania |
| DailyReckoning |
| Debts |
| AmericanEconomicAlert |
| DollarCollapse |
| StopTheSqueeze |
| Zfacts |
| Housing/Subprime |
| ML-Implode |
| HousingPanic |
| BlownMortgage |
| TheHousingBubbleBlog |
| IamFacingForeclosure |
| HousingDoom |
| DoctorHousingBubble |
| Manufacturing & Made in USA |
| ShopFloor |
| MadeInUSA |
| ToysMadeInAmerica |
| USAMade |
| StopNAFTATrucks |
| Government Statistics & Data |
| U.S. Debt |
| Foreign Trade |
| U.S.-China Trade |
| Credit Card Debt |