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Sequester cuts pose new threat to US mine safety2 April 2013In a cruel irony, as the third anniversary of the Upper Big Branch (UBB) mine disaster approaches this week, cuts due to the “sequester” are leading to the dismantling of legal teams assembled by the government to enforce mine safety. The cutbacks will reduce by $2.1 million the $22 million Congress originally all..

Eurozone unemployment hits all-time high: 19 million out of workGet short URLPublished time: April 02, 2013 09:25 Edited time: April 03, 2013 07:30People queue outside a government employment office in Burgos.(AFP Photo / Cesar Manso)Share on TumblrTrends Eurozone crisisTags Budget, Crisis, EU, Employment,Europe, MarketsEurozone unemployment levels have hit 12 percent – ..

AP The U.S Dollar is quickly losing its status as the world reserve currency. Five of the top ten economies in the world, plus a few others, no longer use the dollar as an intermediary currency for trade. This trend poses a huge risk to the dollar and the United States along with it. ZeroHedge points out today that Australia, the world’s 12th-ranked economy, has now joined a..

OpEdNews As far as I understand it, in our economic system, there are two ways that dollars can enter the system. There is the budget that we elect our officials to set up, and there are banks that lend money to people based on their credit/collateral. We can also export goods to other countries to bring money into our economy. These are all ways of getting money into the econ..

유로권에선 예금을 빼앗기는가 하면 미국 지방채 보유자들 역시 빌려준 돈을 떼입니다. 지난 해 파산 보호 신청을 한 캘리포니아의 스탁튼 시가 최대의 지방 정부 파산이라는 미국의 새로운 기록을 세웠습니다. 예금도 털리고 채권도 떼이는가 하면 유로권은 19세기 수준의 경제 성장으로..

America's Economic Depression In 5 ChartsThis is not what economic recovery looks like. This is, however, what an economic depression looks like: First, the American workforce is far smaller than it was before the 2008 economic collapse, even though the number of Americans of working age has increased by several millions: Second, the people who are lucky enough to be gainfully..

Jim Rogers: Bank depositors should ‘run for the hills’April 1, 2013 By Andrew Moran Leave a CommentFinance guru and famed investor Jim Rogers spoke with CNBC on Thursday and discussed the financial collapse that is transpiring in the island nation of Cyprus. In the interview, he delivered an emphatic message to all bank depositors and investors: “run for the hills.” Ro..

Data shows gains in consumer spending, savings rates still remain lowApril 1, 2013 By Andrew Moran Leave a CommentConsumer confidence and spending in the United States rose in the month of March at a time when budgets are tight and the economy remains fragile. Despite this somewhat positive economic data, the savings rate still remains quite low. According to the Bureau of Eco..

David Stockman warns of economic collapse, critics cry 'cranky old man'David Stockman, the conservative economic guru who was an adviser to Ronald Reagan, has taken an severely negative view in his new book 'The Great Deformation.' By David Cook, Staff writer / April 1, 2013 Share on stumbleuponShare on emailWASHINGTON David Stockman, who served as President Reagan’s budget ..