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FROM NOW TO DOOMSDAY-JAPAN TAXPAYERS 2 BAIL OUT BANKS
(INVESTORS NOT BUYING THE SKEWED GOVT REPORT, WALL STREET OPENS FLAT)
Jobless Rate Drops; 112,000 Jobs Added
36 minutes ago By LEIGH STROPE
WASHINGTON AP - Civilian unemployment dropped to 5.6 percent in January to the lowest level in more than two years as companies added 112,000 new jobs, fewer than expected but still providing fresh signs the prolonged hiring slump may be ending........
BUT, HALLO HOUSTON, WE 'VE GOT A PROBLEM
(but job picture looks fine!)
About 2 Million to Use Up Jobless Benefits
Thu Jan 29,12:34 By LEIGH STROPE
WASHINGTON AP - Nearly 2 million people are expected to exhaust their state unemployment benefits in the first half of the year without access to more government aid or a regular paycheck, according to a study released Thursday....... (LINK AVAILABLE ON MONEYFILES)
USA Spending From Now To Doomsday
By Steven Pearlstein
Friday, February 6, 2004
You can imagine the howls of laughter and derision, particularly from Republicans, if somebody were to suggest that the way to solve some pressing social problem was to create a federal department and throw a lot of money at it........ "Nobody is in the mood right now to challenge the idea that we have to spend a lot more on defense and homeland security right now," said Brookings Institution scholar Michael O'Hanlon........ Let's begin with pure logic. To support throwing a lot more money at defense and homeland security, you either have to believe that the people at the Pentagon and Homeland Security are somehow more clever than those at all those agencies where such strategies have failed, or that the problem of terrorism is unique in being solved by more spending. There is no evidence for either proposition........ In money terms, however, all this pales when put up against the Pentagon's runaway procurement budget. Instead of following through on its promise to transform the military into a more flexible, mobile, high-tech fighting force to combat terrorism and rogue nations, the administration now says we have to do all that while going ahead with production of new fighter planes, helicopters, submarines and missile defense shields designed to counter threats and overwhelm enemies that no longer exist......... Now it looks as though politicians of both parties are determined to make the same mistake responding to the terrorism threat: confusing spending more with spending smart.
http://www.washingtonpost.com/wp-dyn/articles/A17598-2004Feb5.html FLASH BACK: 2003 - The US Debt Time Bomb (wtj)
AN EXCLUSIVE REPORT WE HAVE GOTTEN FROM A GOLD ADVOCATE. http://www.moneyfiles.org/debtbomb.pdf That article is only available to subscribers but we put it up for educational and humanitarian purposes IN ACCORDANCE WITH TITLE 17 U.S.C. SECTION 107
For The Sake Of Mankind, Debt-Based Economies Must Be Dismantled.
JAPANESE CITIZENS TO BAIL OUT THEIR OWN BANKS - BANKS WILL FAIL, LET'S BE SURE ABOUT THAT!!
Japan To Boost Banking System With Taxpayers' Money (plunder continues)
TOKYO, (AFP) Fri Feb 6, 2:52 AM ET - Japan's cabinet has approved a set of bills that would allow the government to boost the banking system with taxpayers' money, as part of Prime Minister Junichiro Koizumi's economic revival plans.
Under the new regulations yet to be approved in parliament, banks that wish to use public funds to improve profitability -- whether via a merger or on their own -- will have to draft three-year management plans. If the government approves the plans, after consulting private experts, it will be able to inject public funds into those banks.......If the banks fail to achieve goals under their plans, their managers would be held responsible, and the government might ask them to resign..... (SEE LINK BOTTOM PAGE)
US Fiscal Disaster: Time Bomb In The Making By Guest Columnist Ed Henry (2/6/04)
http://www.uncle-scam.com/Breaking/feb-04/br-3.html REMINDER:
Odious Debts: The Scandal of Third World Debt (1998)
http://moneyfiles.org/odious.html MANY OTHER HEADLINES ON:
http://moneyfiles.org/
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