Saturday, September 24, 2011

U.S. layoffs up 14 percent in August

The number of layoffs across the United States reached 1,587 in August, involving 165,547 workers, the U.S. Bureau of Labor Statistics reported Thursday.
clearpxl The report, seasonally adjusted as measured by latest filings for unemployment insurance benefits during the month, showed 165,547 people in August made initial claims for unemployment insurance related to mass layoffs, a 14.2 percent hike, or 20,547, from July and up 1.4 percent from August 2010.
Statistics showed at least 50 workers were laid off by a single employer. Some 391 mass layoff events were reported in the manufacturing sector, resulting in 48,997 initial claims.
The “Wired telecommunications carriers,” industry filed the most initial claims for unemployment insurance in August with 15,014, based on numbers that were not seasonally adjusted. Second was temporary help services, with 8,557 initial claims.
The U.S. posted a national unemployment rate of 9.1 percent in August, down from 9.6 percent a year earlier.

"The Fed Always Gets It Wrong" - Peter Schiff on CNBC Halftime Report Sept. 22, 2011

CNN Wants This Video Banned (SEE WHY)

Occupy Wall Street

Video - Keith Olbermann On 'Occupy Wall Street' - Sep. 21, 2011

Is it really any surprise that the corporate media would keep this issue on the down-low. Self-preservation is a powerful motivating force. We've seen coverage by Democracy Now, Dylan Ratigan, Keith Olbermann and below, Cenk of The Young Turks. And that's all we're likely to see.


Cenk calls out the Tea Party for not supporting the Wall Street Occupation.

Olbermann Calls Out MSM For "Media Blackout" Of Wall Street Occupation

Meltdown: The Global Financial Collapse

CBC’s Doc Zone traveled from Wall Street, then to Dubai, then to China, to look into The Secret History of the Global Financial Collapse. Meltdown is a well-rounded documentary film exposing the hardest economic crisis of our generation. Greed as well as carelessness by the the big players of Wall Street causes the biggest financial crash ever since the infamous Great Depression. The collapse’s effect ripples all over the world right from California up to Iceland, then to China. Dealing with economic mess up, anxious world leaders are looking for another temporary solution.
According to the film, central banks are the primary root cause of the financial disaster. Central banking was designed by Wallstreet’s top players, who established the Federal Reserve, or even the international banks who have built the central banks around the globe, and they took the people’s only defense against never ending debt as well as inflation.
Correspondent Terence McKenna of CBC takes you behind the financial news and inside the private rooms of world governments along with banking organizations, uncovering the incredible degree of backstabbing as well as pressure behind the curtain as the entire world came alarmingly near to the next Great Depression. This 4-part documentary is a tale of bankers who put the world in the brink of collapse, the world leaders who battled to avoid it and also the families under high levels of debt.
Also watch Overdose: The Next Financial Crisis and Secret History of the Credit Card
Watch Meltdown:The Secret History of Global Financial CollapseTurn off the lights
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