Google Groups
Join To Get Blog Update Notices
Visit the Hickory Hound Group

Sunday, September 1, 2013

Economic Stories of Relevance in Today's World -- September 1, 2013

It Is Illegal To Feed The Homeless In Cities All Over The United States - The Economic Collapse Blog - Michael Snyder - August 26th, 2013 - What would you do if a police officer threatened to arrest you for trying to share a sandwich with a desperately hungry homeless woman that really needed it? Such a notion sounds absolutely bizarre, but this is actually happening in major cities all over the United States. More than 50 large U.S. cities have adopted "anti-camping" or "anti-food sharing" laws in recent years, and in many of these cities the police are strictly enforcing these laws. Sometimes the goal appears to be to get the homeless people to go away. Apparently the heartless politicians that are passing these laws believe that if the homeless can't get any more free food and if they keep getting thrown into prison for "illegal camping" they will eventually decide to go somewhere else where they won't be hassled so much. This is yet another example of how heartless our society is becoming. The middle class is being absolutely shredded and poverty is absolutely exploding, but meanwhile the hearts of many Americans are growing very cold. If this continues, what is the future of America going to look like?                     An organization called Love Wins Ministries made national headlines recently when police in Raleigh, North Carolina threatened to arrest them if they distributed sausage biscuits and coffee to homeless people living in the heart of the city. Love Wins Ministries had been doing this for years, but now it is apparently illegal. The following is from someone who was actually there...

Dr. Paul Craig Roberts speaks on King World News in a September 1, 2013 interview about Syria and Obama being out on the limb that Great Britain has cut off. Obama has no cover and any action could be considered a war crime. This would terminate influence in the world.                     The World economy is in a downturn. Considering real inflation, the U.S. has seen no growth in the past 5 years. Going forward, we will see further deterioration leading to near-term political crises. 72% of Job Creation has been part-time jobs. The real deficit is larger than admitted. The Treasury has run out of tricks.                  The real danger is that the world is seeing no end to America's monetary problems. This will lead to countries bailing out of the dollar. It is now harder than ever to deal with. The Congress will not solve this. There will be issues with the value of the dollar. There is no place to unload troubled mortgages. This will lead to a shock as interest rates rise.  The country is facing a series of shocks.                  No one trusts the government anymore. The President and his advisors are isolated on the world stage. The Government is isolated, because they refuse to tell the truth. This destroys confidence in the government and the economy.                   The most likely effect is a very dismal economic year in 2014. This will lead to a stock market crash. Supply Side economics will not solve this problem. There is no Economic School of thought that can solve the current economic troubles. We are too far down the road. The only jobs being created are cheap service industry jobs.
                 We are going to see a collapse of the dollar, because the jobs have been moved offshore and investments have been turned into a gambling casino. The U.S. was successful in the past because of its internal market. The U.S. no longer has a viable internal market.  We have destroyed our Financial System. The toll will fall on the West. It will be moved to the side. We will become 2nd and 3rd world countries. Our labor force is already a 3rd World workforce; the way India's was 30 years ago.            

Link to Play MP3 

North Carolina's Republican tax experiment - CNN Money - Jeanne Sahadi - August 8, 2013 - Tax reform is still all talk, talk, talk in Washington. And many expect real action could take years.
But not in North Carolina. The state has taken a very big first step in overhauling its tax code -- enacting its first major reform in 80 years.                              eates a modified flat tax system, with a single income tax rate, an increased standard deduction and fewer tax breaks, as well as the elimination of the personal exemption and a $50,000 deduction for small business owners. It also repeals the state's estate tax. "It's fairly radical in relation to other states," said Kathleen Thies, senior state tax analyst for the tax publisher CCH.                      The overhaul has been lauded by Republicans, who dominate the state's legislature. They see the changes as a way to attract more business to North Carolina and create jobs.                          The big hope: The new economic activity will compensate for the estimated $2.4 billion revenue loss over the next five years as a result of the reforms.                             But the overhaul -- which represents a scaled back version of earlier proposals -- has been heavily criticized by many, mostly liberals. They contend its tax cuts will disproportionately benefit the rich and the revenue loss will cut into government services.                     Starting in 2014, the individual income tax rate will be 5.8%, and then it will fall to 5.75% in 2015. Those rates are down from the 6%, 7% and 7.75% rates currently in effect.                  The standard deduction, meanwhile, will more than double -- to $7,500 for singles, from $3,000; and to $15,000 for married couples filing jointly, from $6,000.
The corporate income tax will also be reduced in 2014 to 6% from 6.9%. It will drop to 5% in 2015. And if revenue growth targets are met, the rate could go as low as 3% thereafter.

Americans falling out of love...with driving - CNBC - Paul A. Eisenstein, CNBC Contributor - August 30, 2013 - Fewer people at work, fewer people driving. It's a simple equation and one that a lot of experts pointed to as explanation for the notable drop in the total miles U.S. motorists clocked during the depths of the recession.                          So, how to explain the fact that even as the economy finally is showing real signs of recovery the number of miles driven continues to decline. That report from the Federal Highway Administration is just the latest indication that Americans may be falling out of love with their automobiles.                 In its report released this week, the agency said the number of vehicle miles traveled-VMT in the lingo of the transportation world-continued dropping during the first half of 2013. If the past were prologue, the numbers would have rebounded at least slightly to reflect the national rise in employment and income...

Biotech Center lays off seven, cuts programs to address 27 percent budget reduction - WRAL Techwire (Raleigh) - August 27, 2013 - The North Carolina Biotechnology Center has laid off seven employees and announced cuts to several of its programs as part of a plan to bring expenses in line with a 27 percent budget cut.                          The layoffs bring the Biotech Center’s headcount to 69, down from 76. The layoffs came across programs, support services and regional offices.                   The state budget slashed the Biotech Center’s appropriation from $17.2 million to $12.6 million, forcing the center to make cuts. In addition to the layoffs, the Biotech Center is ending the Education and Training program; cutting research grants programs by closing the Multidisciplinary Research Grants and trimming the Institutional Development Grants, Biotechnology Research Grants and Collaborative Funding Grants; trimming community and economic development programs by ending the Regional Development Grants and reducing the Biotechnology Meeting Grants, Presidential Initiative Awards and Economic Development Awards; and ending the Industrial Fellowship Program and reducing the Small Business Research Loans.                          “It is difficult to shutter programs that are significant to our life science community,” Biotech Center Executive Director Norris Tolson said in a statement. “Each of these programs had outstanding success metrics, leveraging additional investment and jobs. However, with limited resources, and with the legislature’s direction in the budget resolution, changes must be made."
Awards already made in the programs that were cut or reduced will be honored by the Biotech Center.
Biotech Center staffing levels could be reduced further through a voluntary separation program that was announced last month. That program gave veteran Biotech Center staffers the chance to volunteer to leave the center with a severance package. While the sign-up period ended Aug. 15, separation decisions will not be finalized until Sept. 30.

Sturm Ruger to open new gun factory in N.C. town, add 473 jobs - Winston - Salem Business journal - katie Arcieri - August 13, 2013 - It wasn't exactly a secret, but Connecticut-based Sturm Ruger & Co. made it official Tuesday. After considering several other locations for an expansion, the gun maker announced it will open a plant in Mayodan, creating 473 jobs by the end of 2017 and investing $26 million.                         The 220,000-square-foot manufacturing and engineering facility will be the company’s (NYSE: RGR) third manufacturing facility. It will be located in a former Unifi plant at 271 Cardwell Road.                         The Rockingham County facility, scheduled to be fully operational by January, is considered a much needed push for a county that has an unemployment rate that hovers at about 10 percent.                         The new Mayodan positions, which range from production workers to manufacturing engineers, will have an average annual compensation that will exceed $45,000, plus benefits. That’s 36 percent higher than the average annual wage of $33,007 in Rockingham County. The first few hires have already been selected by Ruger and will travel to New Hampshire for training.                         Ruger has a work force of more than 2,200 people across plants in New Hampshire and Arizona and at its headquarters in Connecticut. Ruger is in the midst of extensive growth, having already created 900 jobs over the last five years.                    Ruger is eligible for up to $9.46 million upon the creation of 473 new jobs through a state Job Development Investment Grant. The Golden Leaf Foundation also awarded a $2 million grant to the Rockingham County Partnership for Economic and Tourism Development, which will use the money to purchase equipment that will be leased to Ruger.

What To Expect During The Next Stage Of Collapse - - Brandon Smith - August 29, 2013 - For years now at Alt-Market (and I have carefully outlined the most likely path of collapse to take place within the U.S., and a vital part of that analysis included economic destabilization caused by a loss of the dollar's world reserve status and petro-status. I have also always made clear that this fiscal crisis event would not occur in the midst of a political vacuum. The central banks and international financiers that created our ongoing and developing disaster are NOT going to allow the destruction of the American economy, the dollar, or global markets without a cover event designed to hide their culpability. They need something big. Something so big that the average citizen is overwhelmed with fear and confusion. A smoke and mirrors magic trick so raw and soul shattering it leaves the very population of the Earth mesmerized and helpless to understand the root of the nightmare before them. The elites need a fabricated Apocalypse..                           ...  As I have said many times before, a fight is coming.  There is no way around it.  But this fight must be fought intelligently, and we must never forget who the REAL enemy is.                        If a revolution ensues and Obama loses control, the establishment could simply trigger a Neo-Con or military coup in order to placate the masses and fool Constitutionalists into believing they have been saved.  Useless solutions will be presented to the people, including new leadership composed of more old guard elitists, a disastrous Constitutional Convention, or limited secession (which will never be honored by the establishment anyway).  The purpose of these false solutions will be to fool you into relaxing your vigilance, distracting you from seeking justice against globalist organizations, or, to redirect your energies away from self sufficient communities, counties, and states, ready to dispel aggressive establishment elements.                           Beware of those who grasp too readily for leadership over you.  Real leaders stand as teachers, not oligarchs, and rarely do they take on the role without considerable reservations.  Never trust anyone who does not immediately back their promises with tangible action.  And, never forget that we fight not just for the removal of one particular tyrant, but for Constitutional liberty itself.  One must follow the other, or there has been no victory.                                 Though it is depressingly difficult to see in times like these, there is indeed good in this world.  There are ideals, and aspirations, and visions, and loves worth standing up for, worth fighting for, and worth dying for.  There is still a future worth striving for at the end of the long night.  There are dreams here, in the hearts of men, worth realizing.  We do not necessarily battle for what humanity is, but for what we have the potential to become.  The tides of society may shift and storm, the chaos may become unbearable, and the world may tear apart until it is unrecognizable.   The agents of dominion believe they are the only constant, but there is another.  In time, the dim pale of tyranny will always break in the light of freedom's resolute.  Get ready, honorable Liberty Movement, our work has just begun.

Customer Loses It, Because She Can't Get Some Freakin McNuggets at McDonald's before 10:30am

Welcome to Amerika!!!

No comments: