by Bill Bonner, Daily Reckoning
Stock investors are still acting as though Janet Yellen will be good for the economy... or at least good for stock prices.
But will she be?
Yellen has no business or investment experience. Her entire career has been spent in academia and in public policy institutions. She has never started a business or had a job in the private sector.
by Valerie Giesen, INESAD
If climate change seemed far away, here are three reasons to reconsider. From basic daily staples to our favourite morning drink, climate change is already affecting crops in South America. The Inter-American Development Bank estimates that Latin America and the Caribbean contribute 11 percent of the value of world food production, making shifts in the region's agricultural production relevant to global, as well as regional, food security.
Special Report from the Daily Reckoning
by Paul Craig Roberts, Institute for Political Economy
According to the Bureau of Labor Statistics (BLS), September brought 148,000 new jobs, enough to keep up with population growth but not reduce the unemployment rate. Moreover, John Williams (shadowstats.com) says that one-third of these jobs, or 50,000 per month on average, are phantom jobs produced by the birth-death model that during difficult economic times overestimates the number of new jobs from business startups and underestimates job losses from business failures.
October 27th, 2013
in Op Ed
October 26th, 2013
in Op Ed
by Thomas DiLorenzo
This article appeared originally in LewRockWell.com 25 October 2013
A CNN travel editor named Chuck Thompson has established himself as a one-man hate group in writing a short book entitled Better Off Without ‘Em: A Northern Manifesto for Southern Secession.” He advertised his book in an October 20 article in Salon entitled “Just Secede Already.” Oh, if only we could.