Survival News Network

The number of Americans with little or no retirement savings increased for the third straight year, according to an annual survey released Tuesday.
Those who socked away less than $10,000 for their nest egg jumped to 43 percent this year, up from 39 percent in 2009, the Employee Benefit Research Institute’s 20th-annual Retirement Confidence Survey found. [...]

Notice how all the bad news is somehow unexpected.
Sales of previously owned houses unexpectedly slumped in January for the second consecutive month, raising fresh concerns about the housing market’s potential for rebound even as a new report showed that the economy expanded more than previously forecast at the end of last year.
Sales of [...]

The Federal Deposit Insurance Corporation is bracing for a new wave of bank failures that could cost the agency many billions of dollars and further strain its finances.
With bank failures running at their highest level in nearly two decades, the F.D.I.C. is racing to keep up with rising losses to its insurance fund, which [...]

The unemployment rate dropped unexpectedly in January to 9.7
percent, while employers shed 20,000 jobs, according to a report that
offered hope the economy will add jobs soon.
The unemployment rate dropped from 10 percent because a survey of
households found the number of employed Americans rose by 541,000, the
Labor Department said Friday. The job losses are calculated from [...]

…So we can expect that job losses will continue until the end of 2010 at the earliest. In other words, if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs [...]

What economic challenges are still ahead? I thought the economy was recovering, and green shoots abound.
US unemployment surged above 10 per cent for the first time in more than a quarter of a century in October, increasing political pressure on the Obama administration.
According to figures revealed on Friday, the unemployment rate rose to 10.2 [...]

White House economic adviser Paul Volcker said his meeting on Monday with President Barack Obama focused in part on reducing U.S. economic reliance on consumer spending.
The alternatives to help bolster future economic growth include boosting exports, applying innovative technology to green issues and improving the nation’s infrastructure, Volcker said.
The former Federal Reserve chairman, who now [...]

…The government will release figures this week expected to show that the economy has awakened from its deepest slump since the 1930s and is in the early stages of a recovery. But the following week, the government will issue another set of figures expected to show unemployment continuing to rise toward and possibly above a [...]

…The government will release figures this week expected to show that the economy has awakened from its deepest slump since the 1930s and is in the early stages of a recovery. But the following week, the government will issue another set of figures expected to show unemployment continuing to rise toward and possibly above a [...]

The US budget deficit is expected to hit a record $1.4 trillion this year, some $950 billion greater than the shortfall recorded last year, the Congressional Budget Office (CBO) said.
Congress’s non-partisan financial watchdog said the forecast federal deficit for the fiscal year that ended last month was the highest shortfall – relative to the size [...]

The Federal Deposit Insurance Corp. is weighing several costly — and never-before-used — options as it struggles to shore up the dwindling fund that insures bank deposits.
The agency is considering borrowing billions from healthy banks. Alternatively, it may impose a special fee on the banking industry.
Each option carries risk: Drawing money from healthy banks would [...]

The US economy is recovering from the shock of last year’s banking collapse, but could continue to need financial assistance for an indefinite period into the future, the Treasury Department stated in a report released Monday.
The report (PDF), entitled “The Next Phase of Government Financial Stabilization and Rehabilitation Policies,” states that “although we are rolling [...]

U.S. President Barack Obama announced new measures on Saturday to encourage Americans to save more money for retirement, a move the White House said would put the economy on a stronger footing in the future.

Obama, in his weekly radio and Internet address, said the government would enact rules making it easier for small businesses to [...]

U.S. President Barack Obama announced new measures on Saturday to encourage Americans to save more money for retirement, a move the White House said would put the economy on a stronger footing in the future.

Obama, in his weekly radio and Internet address, said the government would enact rules making it easier for small businesses to [...]

Many Americans have been getting a break on their electricity bills during the recession, but they should not expect the relief to last long as power demand recovers and climate regulations loom.

Utilities in major markets like New York, Chicago and Texas lowered rates as the recession cut industrial and residential consumption and wholesale power costs [...]

The economy could spiral into hyperinflation not seen since the early 1980s if the Federal Reserve does not tighten its monetary policy soon, Sen. Chuck Grassley (R-Iowa) warned Tuesday.

Grassley, speaking about the renomination of Federal Reserve Chairman Ben Bernanke to a second term as head of the Fed, asserted that Bernanke’s ability to hold down [...]

The country’s growing unemployment is overtaking subprime mortgages as the main driver of foreclosures, according to bankers and economists, threatening to send even higher the number of borrowers who will lose their homes and making the foreclosure crisis far more complicated to unwind.

Economists estimate that 1.8 million borrowers will lose their homes this year, up [...]

After a near six-month ascent, the U.S. stock market is more than likely headed for a pause as investors waited for signals to continue a rally that many now view as overdone in light of the still-shaky economy.

“We’ve had a great run here, but here’s five reasons to be concerned going into the fall,” said [...]

Find county fairs @ http://www.countyfairgrounds.net/master/masterhome.html
 
Families who want cheap, close-to-home fun this summer are heading in record numbers to a pastime that dates to the 1800s: the county fair.
"The economy worked in our favor, because so many people were staying home and looking for a lot of bang for their buck," says Linda Zweig, spokeswoman for [...]

When those adjustments are taken into account for May 2009, the unemployment rate soars to 16.4%. That is the highest rate since the BLS began calculating the U-6 rate in 1994. While not exactly comparable, it is also higher than the BLS’s earlier and yet broader adjusted unemployment rate called the U-7. The BLS began [...]

When those adjustments are taken into account for May 2009, the unemployment rate soars to 16.4%. That is the highest rate since the BLS began calculating the U-6 rate in 1994. While not exactly comparable, it is also higher than the BLS’s earlier and yet broader adjusted unemployment rate called the U-7. The BLS began [...]

Great news :-\
Consumer prices rose at a surprisingly steep rate in June and the nation’s factories continued to pull back production, according to new data released today that affirm that the economy remains weak but is not entering a dangerous cycle of falling prices.
The consumer price index rose 0.7 percent last month, the Labor Department [...]

Reversing a decade-long trend, many of the largest U.S. cities are now growing more quickly than the rest of the nation, yet another sign of an economic crisis that is making it harder for people to move.
Census data released Wednesday highlight a city resurgence in coastal regions and areas of the Midwest and Northeast, due [...]

Right…..
The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787 billion rescue package launched in February, an adviser to President Barack Obama said.
“We should be planning on a contingency basis for a second round of stimulus,” Laura D’Andrea Tyson, a member [...]

[...]

 
Vice President Joe Biden said the Obama administration “misread how bad the economy was” but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks up.
Biden, in an interview airing Sunday on ABC’s “This Week,” said the nation’s 9.5 percent unemployment rate is “much too [...]

The US economy is lurching towards crisis with long-term interest rates on course to double, crippling the country’s ability to pay its debts and potentially plunging it into another recession, according to a study by the US’s own central bank.
In a 2003 paper, Thomas Laubach, the US Federal Reserve’s [...]

European stocks dropped for a third straight week, the longest stretch of losses since March, as concern mounted that the economy won’t recover soon.
Volkswagen AG slumped 6.3 percent, leading declines in automakers, after U.S. car sales fell in June and Credit Suisse Group AG cut its assessment of the industry. ThyssenKrupp AG, Germany’s largest steelmaker, [...]

Just why is there so much debt in the Anglo-Saxon world? Bankers and regulators know well that it is in nobody’s long-term interests to have allowed borrowing to escalate to a position where the US now owes far more, as a multiple of the economy, than at the start of the Great Depression.
The answer is [...]

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

A new national poll indicates that nearly half of all Americans think the economy has stabilized, but only one in eight believes that a recovery has started.
Four in 10 questioned in the CNN/Opinion Research Corporation survey released Thursday morning think the country’s still in an economic downturn.
“Although polls in recent months have shown some signs [...]

A new national poll indicates that nearly half of all Americans think the economy has stabilized, but only one in eight believes that a recovery has started.
Four in 10 questioned in the CNN/Opinion Research Corporation survey released Thursday morning think the country’s still in an economic downturn.
“Although polls in recent months have shown some signs [...]

 
Gerald Celente speaks on Cap and Trade and other handicaps to the US economy

Former President George W. Bush fired a salvo at President Obama on Wednesday, asserting his administration’s interrogation policies were within the law, declaring the private sector not government will fix the economy and rejecting the nationalization of health care.
“I know it’s going to be the private sector that leads this country out of the [...]

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Technical analyst Robert Prechter on Monday said he sees the United States losing its top AAA credit rating by the end of 2010, as he stuck by a deeply bearish outlook on the U.S. economy and stock market.
Prechter, known for predicting the 1987 stock market crash, joins a growing coterie of market heavyweights in forecasting [...]

Obama:  Turning wage-slaves into Government drones since 2009…
President Barack Obama is promising to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, repackaging a pledge the administration made weeks earlier as the economy continues to lose hundreds of thousands of jobs each month.
Obama spotlighted billions in federal agency spending planned this [...]

Economists, senior government officials and ordinary consumers are all showing greater confidence in the outlook for the economy.
But three months after signs of hope emerged, the evidence of improvement still exists only in the form of glimmers. A slew of recent economic data and other news, including yesterday’s bankruptcy filing by General Motors, make clear [...]

The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.
Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the [...]

Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago — the biggest April drop since 1981, a study released Tuesday by the American Institute for Economic Research says.
When the economy slumps, so does tax revenue, and this recession has been no different, says Kerry Lynch, senior fellow at the AIER [...]

This guy’s not skipping many meals…just look at them jowls.
Investigative journalist Daniel Estulin, whose information from inside Bilderberg has routinely proven accurate, states that the global elite’s plan to completely destroy the economy and ultimately lower global population by two thirds has stoked fears even within Bilderberg itself that the fallout from such chaos could [...]