St Moritz: Preparing to host Bilderberg. As the Bilderberg conference heads towards Switzerland there’s still time to book your seat on a minibus to St Moritz. As Europe groans, and austerity bites, as defaulting looms, and once proud nations fall to their knees in debt, there’s only one annual conference of bankers and industrialists that can step in and save us all… Bilderberg! Next... 

Policemen clash with protesters while trying to dismantle a camp set up in Catalunya square in Barcelona on May 27, 2011. At least 100 people have been injured after police clashed with demonstrators in Barcelona amid protests against the economic crisis and sky-high jobless rate in Spain. Policemen swiped at protesters with batons, dragged them on the ground and even fired rubber bullets on Friday... 

General view of the Puerta del Sol square in Madrid on May 21, 2011 during a protest against Spain's economic crisis. Protesters in the Spanish capital of Madrid say they will continue their rallies after the ruling Socialist Party suffered election losses. “We plan to stay until next Sunday, but we haven’t ruled out staying even longer,” said a spokeswoman for the organizers... 

Nokia is almost Finish(ed), due to its stubbornness to switch to Android, is now set to cut 4,000 jobs worldwide by the end of 2012. Mobile phone maker Nokia to cut 4,000 jobs worldwide from its 65,000-strong workforce, including 700 in the UK Nokia, once indisputably the world’s largest mobile phone company, will lay off 4,000 people worldwide by the end of next year as it attempts to cut costs... 

Capitalism Fixes Problems & Preserves Democracy: Capitalism is what we should be relying on to fix our problems. Capitalism has it’s own ecosystem, just like biology’s ecosystem. An economic ecosystem that weeds out the weak, has parasites that eat the failures and new bacteria that evolves and grows replacements for that which failed. A system that keeps everything in balance. The... 

The growing production of bioethanol increases the shortage of food. Corn, sugar, other types of farm crops are required for the production of the biofuel. In addition, the growth of sowing for the green fuel reduces the square of lands designated for food cultures, which leads to smaller harvest and higher prices on food. FAO’s food prices index gained 2.2 percent in February, which marked... 

Inflation is still calculated using a “market basket” to determine prices. But since 1980, other factors have been added to reflect a changing economy. Still, it might be useful to measure today’s rate of inflation using 1979 methods. CNBC’s Fast Money gives us the bad news: “Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6... 

The following is one statement that you should get used to seeing: “The price of gold set another record today.” Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price... 

Frustrated by “the suffering of real families,” President Obama’s former top economic adviser recently called for action: “If I have a complaint about policy these days, it’s that we’re not doing enough,” Christina Romer said in a speech last month at Vanderbilt University. “I think there are tools we have tools we have that we can use, and I think it’s... 

The Federal Reserve lent a Libyan state-backed bank billions of dollars during the financial crisis, documents made public on Thursday have revealed. The Arab Bank Corporation, which is today 59.3 percent owned by the Libyan government, borrowed in slices as big as $1.175 billion from the US central bank. At the time the bank was not majority owned by the Tripoli government; other shareholders included... 

U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday. The world’s largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors. Still, inflation is “going to be... 

Natural disasters, market fluctuations, prices soaring for gas and grain: these are world events that don’t just make it onto your T.V. screen. They’re affecting what’s on your dinner table. Several factors are at work that have meat prices on the rise. Watch the video to see how one local market is dealing with the soaring prices. Source  Read More »

Washington has come down with a case of fiscal fever as the Obama administration proposes everything from spending freezes on domestic programs to selling off unused government property to bring the budget back in line. Now, one study argues that the government can save billions of dollars simply by making a change to the currency itself. Earlier this month, the U.S. Government Accountability Office... 

March 4: President Obama gestures while speaking at Miami Central Senior High School in Miami. Leading advocates for the world’s poorest and hungriest are urging President Obama not to “overreact” to recent spikes in food prices, particularly by imposing export bans on U.S. agricultural products. In its February report, the World Bank noted “sharp increases” in the global prices of wheat,... 

Yikes! You won’t believe the real jobless numbers. Federal docs contradict 8.9% hyped by media. The real U.S. unemployment rate may be 22.1 percent for February, not the 8.9 percent reported by the government, according to economist John Williams, author of the “Shadow Government Statistics” website, who has argued for years that the federal government manipulates the reporting of...