Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers - InfoWars.com

REPORT: Chase Bank has moved to limit cash withdrawals while banning business customers from sending international wire transfers from November 17 onwards, prompting speculation that the bank is preparing for a looming financial crisis in the United States by imposing capital controls.

READ DEVELOPING STORY HERE

4 Yrs at Private College = $130,468; Median-Priced Existing Home = $173,100; U.S. Debt Per American Under 18 = $218,676 | CNSNews.com

REPORT: If Americans under the age of 18 were required as a group to pay off the entirety of the federal government’s debt in equal shares, each would now need to pay about $218,676. That is more than the $130,468 average price tag for four years at a private college or the $173,100 median price for an existing one-family home in the United States.

During the time Barack Obama has been president, the U.S. government debt has increased from approximately $143,255 per American under 18 to approximately $218,676 per American under 18--a climb of $75,421 or about 53 percent.

READ REPORT HERE

Jobs Report Met with Skepticism | The Weekly Standard

Jobs Report Met with Skepticism | The Weekly Standard: Douglas Holtz-Eakin, a former economics adviser to John McCain and the former head the Congressional Budget Office, calls the numbers "implausible."

"Sept. unemployment rate fell to 7.8 percent due to an extraordinary – but implausible – estimate of 873,000 #jobs in household survey,” said Holtz-Eakin on Twitter.

“The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number,” said CNBC's Jeff Cox.

The Washington Post's Neil Irwin adds, "Weird that payrolls are exactly on forecast but household survey is far better."

And the Wall Street Journal warns that these numbers should be taken "with a grain of salt."

READ REPORT HERE

NO SURPRISE: Tax time pushes some Americans to take a hike | Reuters

REPORT: "'Truth, justice, and the American way' - it's not enough anymore," the comic book superhero said, after both the Iranian and American governments criticized him for joining a peaceful anti-government protest in Tehran.

Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards. That's a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It's also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined.

But not everyone's motivations are as lofty as Superman's. Many say they parted ways with America for tax reasons.

The United States is one of the only countries to tax its citizens on income earned while they're living abroad. And just as Americans stateside must file tax returns each April - this year, the deadline is Tuesday - an estimated 6.3 million U.S. citizens living abroad brace for what they describe as an even tougher process of reporting their income and foreign accounts to the IRS. For them, the deadline is June.

The National Taxpayer Advocate's Office, part of the IRS, released a report in December that details the difficulties of filing taxes from overseas. It cites heavy paperwork, a lack of online filing options and a dearth of local and foreign-language resources.

READ REPORT HERE'

HERITAGE: Chart: Nearly Half of All Americans Don't Pay Income Taxes

REPORT: This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other assistance.

Another eye-popping number was the percentage of Americans who don’t pay income taxes, which now accounts for nearly half of the U.S. population. Meanwhile, most of that population receives generous federal benefits.

READ REPORT HERE

CBS: Florida Drivers Shelling Out Nearly $6 A Gallon At Some Gas Stations

REPORT: Talk about pain at the pump! Some Florida drivers are spending nearly $6 a gallon to fill up their gas tanks.

According to GasBuddy.com, motorists are shelling out $5.89 for a gallon of regular gas at a Shell station in Lake Buena Vista, topping out at $5.99 a gallon for premium. It doesn’t get better at a Suncoast Energy station in Orlando, where drivers are paying $5.79 for a gallon of regular.

READ REPORT HERE

GALLOP: Health Costs, Gov't Regulations Curb Small Business Hiring

REPORT: U.S. small-business owners who aren't hiring -- 85% of those surveyed -- are most likely to say the reasons they are not doing so include not needing additional employees; worries about weak business conditions, including revenues; cash flow; and the overall U.S. economy. Additionally, nearly half of small-business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons. One in four are not hiring because they worry they may not be in business in 12 months.

READ REPORT HERE'

CNBC: Here's what wrong with the jobs number

MORE LIES: Job growth surges, jobless rate near 3-year low | Reuters

REPORT: The economy created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama as campaigning heats up ahead of November elections.

READ STORY HERE

DUH: Investors.com: Is Obama Creating A Nation Of Dependents? Nearly Half Now Get Government Benefits

Where does Obama get off calling Bush (43) the Food Stamp president not him??

REPORT: If the Republican primaries are any indication, one big debate in the upcoming election will be whether President Obama is pushing the country toward a European-style welfare culture. Mitt Romney, for example, argues that "over the past three years, Barack Obama has been replacing our merit-based society with an entitlement society." Newt Gingrich has taken to calling Obama "the best food-stamp president in American history." 

 READ FULL REPORT HERE

Buffett’s Burlington Northern Among Winners From Keystone Denial - Bloomberg

Where the outrage over this special interest move by Obama?

REPORT: Warren Buffett’s Burlington Northern Santa Fe LLC is among U.S. and Canadian railroads that stand to benefit from the Obama administration’s decision to reject TransCanada Corp. (TRP)’s Keystone XL oil pipeline permit.
With modest expansion, railroads can handle all new oil produced in western Canada through 2030, according to an analysis of the Keystone proposal by the U.S. State Department.

READ REPORT HERE

Wall Street tumbles as recession fears hit - Yahoo! Finance

Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data from China heightened fears about a global recession.

The NewsReel Podcast: OP ED: On Obama's Economy

I talk about Obama's economic plan, class warfare and liberal policies that do not work.

AP: New-home sales fall, 2011 could be worst year yet

REPORT: The number of people who bought new homes fell for the third straight month in July, putting sales on track to finish this year as the worst on records dating back half a century.

Sales of new homes fell nearly 1 percent in July to a seasonally adjusted annual rate of 298,000, the Commerce Department said Tuesday. That's less than half the 700,000 that economists say represent a healthy market.

Housing remains the weakest part of the economy. Last year was the worst for new-home sales on records that go back nearly 50 years.

READ STORY HERE

Food stamp use rises to record 45.8 million - Aug. 4, 2011

Nearly 15% of the U.S. population relied on food stamps in May, according to the United States Department of Agriculture.
The number of Americans using the government's Supplemental Nutrition Assistance Program (SNAP) -- more commonly referred to as food stamps -- shot to an all-time high of 45.8 million in May, the USDA reported. That's up 12% from a year ago, and 34% higher than two years ago.

The program provides monthly benefits to low-income individuals and families, which they can use at stores that accept SNAP benefits.
To qualify for food stamps, an individual's income can't exceed $1,174 a month or $14,088 a year -- an amount that is 130% of the national poverty level.
The average food stamp benefit was $133.80 per person and $283.65 per household in May.
The highest concentration of food stamp users were in California, Florida, New York and Texas -- where more than 3 million residents in each state received food stamps

READ MORE HERE

Toxic Dollar: Why Nobody Seems to Want US Currency - CNBC

Toxic Dollar: Why Nobody Seems to Want US Currency - CNBC

Bloomberg: Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak

HUH?!
REPORT EXCERPT: The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record. The disclosures may stoke a reexamination of the risks posed to U.S. taxpayers by the central bank’s role in global financial markets.


READ HERE:

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak - Bloomberg

AP: Two-thirds of oil and gas leases in Gulf inactive

REPORT: An Interior Department report to be released Tuesday says more than two-thirds of offshore oil and gas leases in the Gulf of Mexico are sitting idle.

READ HERE:

Two-thirds of oil and gas leases in Gulf inactive - Yahoo! News

AP: Oil's surge felt by drivers, fliers and shoppers - Yahoo! Finance

[I took this picture in Santa Monica, CA on February 27, 2011. -Andres)

Oil's surge felt by drivers, fliers and shoppers - Yahoo! Finance

OP ED: A Brief message to the Oil companies

Hello, Oil Companies, or as you are commonly referred to as "Big Oil."
I'm a business major. I operate my father's small construction business of 25 employees. We have a small fleet of trucks ranging from Ford Rangers to Toyota Tacomas. The largest trucks we got are two F-150s and 1 GMC Sierra. We are weighing the option of cutting these trucks from our fleet because of the rising fuel costs. God knows we need these trucks but we cannot survive paying that much more in fuel either.

I am perfectly familiar with the rules of economics especially Supply and Demand and how a change in either affects the price of a commodity. There is something different about how you guys operate in accordance to those laws. In fact, it seems Iike you guys ignore them. Yes, much of the crude oil comes from the middle east. That region has always been unstable. And now with the increased chaos I know that would affect the price of future barrels of oil. So why is it that the price at the pumped has jumped nearly $.20 per gallon in the past couple of weeks? The fuel being purchased at the pump was already refined and paid for at lower costs. So now we are paying more because you guys have to pay more for future barrels? Your production hasn't slowed down so that's not a good enough excuse. You commercials are always about investing in innovation and the future so why hasn't the price at the pump dropped? Now its about false advertising?


I defended you guys through the Bush years. I now find myself aligning with opponents of "Big Oil". There is merit to some of their arguments but I am not arguing out of emotion. I'm talking straight up business practices. When the price of crude oil dropped why doesn't the cost per gallon at the pump drop just as fast as it goes up? It never even comes back down to match the levels of when it shot up in comparable economic climates.
What you guys do to everyone that appears to be at your mercy is unfair, unethical, wrong and incredibly stupid. How will you ever win the public support back if all you do is talk pretty but don't act on your words?


All this comes from a proud supporter of free market capitalism,
-Andres
Sent from my UberBerry