February 18, 2011 1 Comment
November 7, 2010 Leave a comment
Earlier this year, Lindsey Williams told Alex Jones the globalists would devalue the dollar and jack up the price of oil. Read more of this post
November 7, 2010 Leave a comment
On Friday, State and Federal regulators closed four banks, as the total number of bank failures this year rose to 143, surpassing 2009 which saw a total of 140 bank failures amid the recession and mounting loan defaults. Read more of this post
Sometimes it isn’t necessary to quote facts and figures about government debt, unemployment and the trade deficit in order to convey how badly America is decaying. Read more of this post
The worst nightmare forecast by economic specialists over the previous years has come true: new research by economic gurus in the United States of America has revealed a bleak scenario: the United States’ economy is in a state of depression. Read more of this post
October 9, 2009 Leave a comment
The Barbados Government is taking a number of steps, including negotiating multiple loans, to cushion the effect on the island’s critical sectors if the global recession deepens.
In light of the uncertain economic outlook, Minister of Economic Affairs and Empowerment, Innovation, Trade, Industry and Commerce Dr David Estwick says government has initiated ‘A Short and Medium Term Action Plan ‘formulated by a Special Working Group on the Economy, to outline a “road map for the development and implementation of several policy initiatives to stabilise the economy”.
Among the proposals to be undertaken by government are measures to improve the level of competitiveness and to maximise the opportunities which may emerge from the crisis; the provision of resources to assist the productive sectors in riding out the current period; and the allocation of a fiscal stimulus to sustain economic activity and safeguard jobs. Read more of this post
September 24, 2008 Leave a comment
Last year food prices increased almost nine per cent. This was on top of an eight per cent hike in 2006, a 7.1 per cent increase in 2005, and 4.5 per cent in 2004.
In 2007, the Fair Trading Commission said in its Inquiry into the Food Distribution Industry in Barbados that food prices in Barbados increased by approximately 25 per cent over the past three years. This was placed alongside an overall inflation rate of 13 per cent for all items sold in the same period.
Conservative estimates put the total sales in the retail food sector as approaching Bds$1 Billion at the end of 2007. Two years earlier (in 2005) the FTC estimated the amount at around Bds$883 million with about six chains contributing to that figure.
THE ENGLISHMAN believed to be the mastermind behind a multi-million Beijing Olympics ticketing scam, reportedly arrived in Barbados in March, but left a month later for Miami
A senior police source told the DAILY NATION on Saturday the records also showed that a man bearing the same identity of the fraudster, indicated he had visited the island on previous occasions.
It was in the second semi-final, which Powell won in 9.91sec, that the event lost its much-hyped third key player with reigning world champion Tyson Gay failing to qualify.
The American strained a hamstring during the 200m at the US Olympic trials in June and hadn’t been able to compete in the lead-up to the Games.
Despite bravely trying to talking up his chances during the week, Gay looked rusty in the opening two heats and from lane nine last night he finished fifth in 10.05sec.
“I don’t know (what happened),” he said. “I just didn’t have nothin’ in me today. I ran as fast as I could. I focussed on the Olympics so I’m disappointed. I thought I would get into the finals.”
Gay, who clocked a wind-assisted time of 9.68sec at the US trials, refused to blame his hamstring on the below-par performance.
“The injury was a setback to my training, but that’s no excuse because my hamstring feels fine,” he said. “I feel great, I feel strong, I feel relaxed, it just wasn’t there.”
|Bailout type||Cost to taxpayers (Source: Reuters)|
|Proposed Treasury Department legislation||$700 billion+|
|Bear Stearns financing||$29 billion|
|Fannie Mae and Freddie Mac nationalization||$200 billion|
|AIG loan and nationalization||$85 billion|
|Federal Housing Administration housing rescue bill||$300 billion|
|Mortgage community grants||$4 billion|
|JPMorgan Chase repayments||$87 billion|
|Loans to banks via Fed’s Term Auction Facility||$200 billion+|
|Loans from Depression-era Exchange Stabilization Fund||$50 billion|
|Purchases of mortgage securities by Fannie Mae and Freddie Mac||$144 billion|
|COST PER HOUSEHOLD||$17,064+|