Checking in on the economy, seem stagflation has it’s grips set. Lowering inflation depends on lowering food and fuel prices which is something that has not happened in the last few years.
Until new energy technology emerges, it appears we are in the grips of slow growth and rising inflation. Overseas, inflationary trend persist as well.
The U.S. is on the brink of a recession with four years of home price gains wiped out from underneath. Seems like the flat economy will not end soon unless overhead costs for the average guy and gal comes down.
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This ain’t not cheap shot personal check for the day. Why is there $37 billion in tax breaks for multinational corporations (like telephone companies, IT companies, credit card companies … etc) that were achieved by lobbies to the politicians? They gave the money to politicians of both parties to buy their votes and subsidize those businesses who outsource. Who is watching the store? Should lobbing be outlawed?
Would not those in charge of the check book have spent that money better at home? $37 billion dollars goes a long, long, long way. We have bridges that need repair, the debt could be paid down, they could lower personal taxes.
Filed under News Checks by
"We are no longer citizens of the United States of America and all those who live in the five-state area that encompasses our country are free to join us," long-time Indian rights activist Russell Means told reporters and a delegation from the Bolivian embassy in Washington D.C.
This delegation of Lakota leaders delivered a message to the State Department on Monday, December 17, 2007, announcing they were unilaterally withdrawing from 150 year old treaties they signed with the federal government of the United States.
Lakota country includes parts of the states of Nebraska, South Dakota, North Dakota, Montana and Wyoming. The new country would issue its own passports and driving licenses, and living there would be tax-free — provided residents renounce their US citizenship. Withdrawing from the treaties was entirely legal Means said.
The Lakota in 1974 drafted a declaration of continuing independence similar to the United States' Declaration of Independence from England. The Lakota Indians are well known by their warriors Sitting Bull and Crazy Horse.
It will be interesting how this plays out, especially the income, property tax and sales tax angle. If it’s legal and real, this nations citizenship will skyrocket! We’ll be checking back.
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Jim Cramer personally views the current stock market as “treacherous and horrible” but he reminds viewers that he feels the market hasn’t bottomed out yet. He warns not to buy into too much hope.
The huge 319..54 point rally on Wednesday, November 14, 2007 was, however, with puny volume. Not a very encouraging pop. But personally checking on the stock market, I found it was the best one day gain since November 2002. Note that most stocks follow the general market trend and at the moment the 200 day moving average seems to act as the floor support. It worked nicely yesterday.
