First Ever Official GDP Stats Released for Every US County
BY TOM OZIMEK he government has for the first time released official gross domestic product (GDP) statistics for each and every one of the nation’s 3,113 counties. The figures, released Thursday by the U.S. Bureau of Economic Analysis (BEA), span 2001-2018. A year ago today, the BEA teased the official release of the GDP data with a set […]
Neoliberalism Has Met Its Match in China
by Ellen Brown When the Federal Reserve cut interest rates on July 31st for the first time in more than a decade, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4%, and GDP growth was above 3%. If anything, by the Fed’s own reasoning, it should have […]
Government is a Great Servant but Horrid Master
by Jeffrey Foss, Ph.D. Today bigger, supremely powerful global governments are justified by environmental claims Through the ages, the suffering, destruction and murder perpetrated by governments like those of Caligula, Hitler, Stalin, Mao, Pol Pot, Castro and their ilk reduces the evil of common criminals like Al Capone, Daniel Ortega, Bernie Madoff and El […]
U.S. Economy Grew at 4.1 Percent Rate
ROBERT DONACHIE, Capitol Hill and Health Care Reporter The U.S. economy grew at the strongest rate in roughly four years in the second quarter of 2018, matching economists’ high growth expectations heading into Friday’s announcement. Gross domestic product — the total value of all final goods and services in the U.S. economy — grew at […]
Fox in the Hen House: Why Interest Rates Are Rising
By Ellen Brown The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”? On March 31st the Federal Reserve raised its benchmark interest rate for the sixth […]
A Year of Achievement: the case for the Trump presidency
. By Victor Davis Hanson As President Trump finished his first full year in office, he could look back at an impressive record of achievement of a kind rarely attained by an incoming president — much less by one who arrived in office as a private-sector billionaire without either prior political office or military service. […]
Cal Legislature Set to Pass $400 Billion Healthcare Takeover
by CHRISS W. STREET The Democrat-controlled Legislature’s efforts to establish ‘Healthy California Act’ as a $400 billion a year takeover of the state’s $400 billion in healthcare is about to pass. With Obamacare either being rescinded by Congressional Republicans or bankrupting due to spiraling costs, the Democrat-controlled California Legislature is set to vote by June […]
India’s Modi Admits Plan Shifting Nation To “Cashless Society”
By Tyler Durden Editor’s note: We have run several articles on the attempted move to a “cashless society” and what’s behind it, both benign and not-so-benign. India might seem far away and irrelevant to our situation, but they are merely moving faster in the process than we are, so listen up! Well who could have […]
Are headline unemployment statistics lies?
By George Miller Take a good look at the chart at the right. Are the official unemployment statistics accurate? Yes and no. Depends on what you are measuring. The headline unemployment number you see in MainStream Media, currently 4.9%, is from the BLS (Bureau of Labor Statistics). But it’s based upon the percentage of […]
