Real Average Hourly Earnings Are Negative

via confoundedinterest17 The monthly jobs report for July is out and it shows that total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent. Employment increased in professional and business services, in manufacturing, and in health care and social assistance. The U-6 underemployment index (full-time plus part-time) fell to … Read more

WEST COVINA JUST FIRED 21 BLUE COLLAR WORKERS TO PROP UP THE PENSION SCAM

https://www.youtube.com/watch?v=iukCwnpburs The vote taken at the end of the video was to pass a balanced budget. Part of balancing the budget included cutting 21 people from the maintenance department. One of the problems in our city is instead of using the city employees they outsource the work to outside consultants which always come with an … Read more

The U.S. Government To Fork Out A Half Trillion To Service Its Debt In 2018

BY SRSROCCO The U.S. Government is going to surpass another significant milestone this year.  According to the recently released data from the TreasuryDirect.gov, the government will fork out a stunning half trillion dollars just to service its debt in 2018.  Unfortunately, as U.S. interest rates rise, along with ever-expanding public debt, the cost to service … Read more

Pension Plans Running Out of Solutions – Who Will End Up Footing the Bill?

From Birch Gold Group The outdated pension system in U.S. cities and states is “short by $4 trillion” according to a Moody’s estimate, making it equal to Germany’s entire economy. According to a Wall Street Journal report, it doesn’t look like retirees will have many options if any of these pension programs become insolvent: Certain pension funds face … Read more

While everyone’s arguing about obstruction tweets, and a NYT editor’s racist tweets, the house and senate quietly pass a $717B military budget. An increase of over $100 billion.

The powers at be keep the war machine working. While the theater is played out with tweets and memes, the oppressing US military is being increase by more than $100 Billion. This amount could be used to provide free education (Let’s talk on this in the comments if you’d like). They will scream and yell … Read more

Superbugs are in the air: People are breathing in antibiotic resistant genes in major cities around the world, reveal scientists

The genes which cause bacteria to become immune to medication – antibiotic resistant genes (ARGs) – are able to move between different bacteria and also from bacteria into the environment, experts say. And research by the American Chemical Society revealed scientists have found the airborne genes in farms and parks in America. … Antibiotic resistance … Read more

“I’m Totally Freaked Out”: Brazil’s Elite Fleeing Bloodshed And Chaos

by stockboardasset Amid the economic, political, and social collapse, Brazil has been described by many as being in the midst of a “zombie apocalypse” as years of corruption and violence spectacularly implodes all at once. Horrified by the out of control violence and pessimistic about the nation’s political and economic outlook, thousands of wealthy Brazilians are … Read more

Trade, Employment, ISM, Japan swf

by WARREN MOSLER Larger than expected which also means q2 GDP will be revised down some: Highlights The nation’s trade deficit proved a little deeper than expected in June,, at $46.3 billion vs Econoday’s consensus for $45.6 billion. After a run of strength going back to February, exports posted a 0.7 percent decline to $213.8 … Read more

FINAL REPORT: Case Is Closed On Las Vegas Massacre

Las Vegas gunman lost money, became unstable before shooting LAS VEGAS – In the year before Las Vegas gunman Stephen Paddock carried out the worst mass shooting in modern U.S. history, the high-stakes gambler appeared to have become increasingly unstable, distant and constantly complained of being sick, according to a final investigative report released Friday. … Read more

“The Commies are Coming, The Commies are Coming”

by Wayne Root I feel like Paul Revere. “The communists are coming, the communists are coming.” This is real.   Their new leader is Alexandria Ocasio-Cortez. This former waitress has been called “the future of the Democrat Party” by the DNC Chairman. She is now campaigning across the country for Democrat candidates. She is their great hope.   Democrats … Read more