thestatedtruth.com | March 3, 2010
The Los Angeles Unified School District’s board voted Tuesday to send notices of possible layoffs to nearly 5,200 teachers and other workers while urging union leaders to negotiate concessions that could make some of the cuts unnecessary. Members on Tuesday discussed cutting the pay of its nearly 40,000 full-time workers and shortening the school year […]
thestatedtruth.com | March 3, 2010
Heather Knight, Chronicle Staff Writer Wednesday, March 3, 2010 More than 15,000 San Francisco city workers across all departments will receive layoff notices Friday, and most of them will have the option of being rehired to work a shorter week, Mayor Gavin Newsom said Tuesday. Newsom’s controversial plan to help reduce the city’s $522 million […]
thestatedtruth.com | March 3, 2010
Wednesday, March 3, 2010 From……Cashin’s Comments on the floor of The New York Stock Exchange More On The Iran Quandary – In Tuesday’s Comments, we alluded to an evaluation of the U.S./Iran standoff by Stratfor. We thought their essay good enough to revisit. Here’s a bit of the assessment: Iraq, not nuclear weapons, is the […]
thestatedtruth.com | March 2, 2010
thestatedtruth.com | March 2, 2010
When anyone talks about U.S. debt, they typically refer to two numbers. The first is the debt held by the public. That’s money owed to those who have bought U.S. Treasurys, most notably big bond mutual funds and foreign governments. Debt held by the public today is roughly $8 trillion and rising. The second number […]
thestatedtruth.com | March 2, 2010
This program has been a total failure at a radical cost to us the tax payers. FHFA has reviewed the current market situation and the state of mortgage insurance availability and has determined that the market conditions that necessitated the actions taken last year have not materially changed. Fannie, Freddie and FHA are broke. FHA […]
thestatedtruth.com | March 2, 2010
 Pimco’s El-Erian: We’re half-way through a ‘multiyear resetting of the global economy’   By Drew Carter March 2, 2010  The world is in the middle of a multiyear resetting of the global economy, Mohamed El-Erian, PIMCO CEO and co-chief investment officer, said at a news conference in London today.He said it will take […]
thestatedtruth.com | March 2, 2010
In The Times – The Abu Dhabi media website “The National†ran the following report under the headline “That was a war council in Damascusâ€: The three-party meeting that took place in Damascus on Friday gathering the Syrian president Bashar al Assad, the Iranian president Mahmoud Ahmadinejad and the Hizbollah chief Hassan Nasrallah was a […]
thestatedtruth.com | March 2, 2010
Jim Sinclair has always spoken his mind, let’s pay attention to what he’s saying! He is a firm believer that derivatives are the world’s biggest risk unless contained and made transparent (nearly happened already, just read Henry Paulson’s book On The Brink)…..also, let’s not forget, Warren Buffett has said over and over “unregulated derivatives are financial  weapons of mass […]
thestatedtruth.com | March 2, 2010
On this day (-1) in 1917, markets were roiled by news about Mexico. The news also helped to decide World War I (or so some think). Now don’t get upset you little historian, you. We know that you know that America had not yet even entered the war (or even officially picked a side). But […]
thestatedtruth.com | March 2, 2010
  March 1, 2010 | 1703 GMT By George Friedman The United States apparently has reached the point where it must either accept that Iran will develop nuclear weapons at some point if it wishes, or take military action to prevent this. There is a third strategy, however: Washington can seek to redefine the […]
thestatedtruth.com | March 1, 2010
March 1, 2010Â |Â 11:55 am One of the most-anticipated reactions of the Vancouver Games appears to have taken off. Russian President Dmitry Medvedev has demanded the country’s sports officials resign following Russia’s disappointing performance in the Winter Olympics. In a televised statement, Medvedev told officials to resign before the government would force them out. “Those who […]
thestatedtruth.com | March 1, 2010
Senate Democrats Unveil New Plan to Extend Unemployment Aid By Brian Faler March 1 (Bloomberg) — Senate Democrats unveiled a $150 billion plan to reinstate unemployment benefits that expired yesterday as part of lawmakers’ second major effort this year to boost the economy. The bill would spend $81 billion to extend unemployment benefits, including so-called […]
thestatedtruth.com | March 1, 2010
A Crash Course in Historic Market Crashes  Ron Coby MAR 01, 2010 9:10 AM        Today’s market peak looks eerily similar to the ones in 1929, 1930, 1987, and 2007.       Talking head after talking head appear on the TV daily telling everyone […]
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