Depression Christmas Gift Ideas
‘Cause you never know when you’ll need it…
Stephen Harper Probably Saved Or Created A Million Jobs
Canada adds 79,000 jobs in November
The Canadian economy gained a surprising 79,000 jobs in November, with the unemployment rate easing 0.1 percentage points to 8.5%, Statistics Canada reported Friday.
“Almost all the employment growth in November was attributable to the service sector (up 73,000), especially educational services,” the federal agency said. Read more here:
It was 5x the expected..
Now if we could just add the jobs “saved or created.” category like Obama did… we’re well on our way to a million.
Who needs a stimulus?
Nancy Pelosi Fan Club
The Dumocrats want to pass another stimulus to complete the looting of America:
Americans Would Accept More Red Ink in Exchange for Jobs
“We have to shed any weakness that anybody may have about not wanting to be confrontational on this subject for fear that we’d be labeled not sensitive to the deficit,” Pelosi said, in a recording posted by Think Progress.
“The American people have an anger about the growth of the deficit because they’re not getting anything for it. … If somebody has the idea that the percentage of GDP of what our national debt is will go up a bit, but they will now — and their neighbors and their children — will have jobs, I think they could absorb that, and then we ride it out and bring money in,” she said.
Audio here:
Try to find a supportive comment here.. or even a civil one. I guess that’s how Americans feel about Nancy and Barry’s stimulus.
Keep dancing.. the horror is almost over. 2010 can’t come soon enough.
Dubai Bites The Dust
Fast Company had a great article in September on Dubai fast collapsing economy, called Bye, Bye Dubai.
“So what they have been able to produce is a miracle.” Or was it a mirage?
Today, an estimated 50% of the slated developments are frozen or canceled. Banks have stopped lending. Housing prices fell 41% in the first quarter of 2009 and are expected to drop to preboom levels. The stock market has plunged 70% from its peak. And people across the socioeconomic spectrum are being laid off — and fleeing — in droves. But even fleeing is harder than it sounds: When foreigners, who once made up perhaps 80% of Dubai’s 1.7 million residents, lose their jobs, their work visas are rescinded and they generally have 30 days to pay their debts and leave. Those who fail to pay risk debtor’s prison. And debt here is now as deep and ubiquitous as the sand itself.
The wealthy, like the Emiratis, remain well cared for. Designer Roberto Cavalli, asked why he spent $30 million on his new Cavalli Club during a financial crisis, replied, “What financial crisis?”
The comments on this article took Fast Company to task for even doing the story:
August 15, 2009 at 10:07am by Shoaib Gill
After reading all the comments posted by other readers it is obvious that your view of Dubai is one sided. Governemnt is super efficient here and they proactively work on every challenge. Even in this downturn this place is stable, all job losses is just an indication of market fluctuation. Any company would go for restructuring to steer the company through difficult times.
You should have given an unbiased view of Dubai.
- THE VIEW NORTH, NEAR BURJ DUBAI | Photograph by Lauren Greenfield
Today, the prospect of a complete collapse in Dubai drove the markets down significantly (S&P 500 equity futures contract show a potential drop on Wall Street of 2.2 per cent tomorrow)… and over the next week we may have another Iceland on our hands.
There’s a lot of abandoned wealth there also:
Police have found more than 3,000 cars outside Dubai’s international airport in recent months. Most of the cars – four-wheel drives, saloons and “a few” Mercedes – had keys left in the ignition.
This video was made in February.. and it’s been a fast downward spiral since.
It shows that the “too big to fail” assumption is just plain wrong, and it is a preclude of things to come.
They should have used a New York Credit Repair company to help.
Ron Paul Scores One. Finally.
The House Financial Services Committee has approved Rep. Ron Paul’s measure to drastically expand the government’s power to audit the Federal Reserve.
The measure, based on a Paul proposal that has attracted more than 300 co-sponsors, passed, 43-26, as an amendment to a financial reform bill. The adoption of this amendment is an extraordinary victory for Paul, whose libertarian, anti-Fed leanings have often been dismissed by the political establishment.
In August, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul.
A visibly uncomfortable Geithner attempts to dismiss the question by stating “I’m sure people understand that you want to keep politics out of monetary policy.” He makes the stunning assertion that conducting an audit of the Federal Reserve—something never before done in its 96 year history—is a “line that we don’t want to cross,” proclaiming that such a move would be “problematic for the country.”
Seems to me the current US administration has already set the record for crossing the line… this should probe interesting. (Sorry for the commercial at the beginning.)
photo credit: MyTwistedLens
Ford Offers An Alternative To Cash For Clunkers
New Car For Cash-Strapped Buyers – From Ford – While Inventory Lasts.
The Average Family Size In California Somehow Went Up.
In a revenue grab (tax theft), California increased withholding tax by 10% for all employees in the state.
It’s fine, they say, we’ll give it back when you file your tax return.
It’s a forced loan to the state. ‘Cause no one else will trust them enough to give them money.
Unfortunately, it will probably mean you’ll get an IOU… just like last year.
Here’s a way to stop this theft; add a kid or two to your employer tax form.
Better yet, add 4 or 5.
If enough people do this it shuts down the scheme.
And it stops it from taking hold elsewhere. Because as we know in Canada, they are always looking for new ways to tax us.
Had enough of the Democrats yet California?
photo credit: David Ortmann
A Picture That’s Worth A Trillion Words
As Obama runs his money-press at high speed, the world’s banks are holding less and less of it… which supports the theory that the US dollar may be in for a collapse.
The frightening trend:
…the second quarter was the only one in which central banks accumulated more than $100 billion in reserves and put less than 40 percent into dollars, down from a 70 percent quarterly average back to 2006.
Speaking Of Successful Business Models
You can have a government owned enterprise, or you can have free enterprise:
Ford Earns $997 Million, Projects Solid 2011 Profit.
And what are GM and Chrysler up to?
With General Motors cutting brands, some owners appear concerned about parts supplies drying up.
Or,
Can Fiat Cars Save Chrysler?
This should clear up any debate on whether government should run health care.