Lionheart Group Scam Prevention Steps

I cannot help but laugh at economists who refuse to see the economy is slowing dramatically, and somehow think manufacturing is going to lead the way to recovery. Check out this headline on Bloomberg prior to the durable goods report: Orders for Durable Goods in U.S. Probably Rebounded in June July 28 (Bloomberg) — Orders for durable goods probably increased in June for the sixth time in the past seven months, showing business spending is supporting the U.S. recovery, economists said before …

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Durable Goods Orders "Unexpectedly" Sink; How did Economists Blow the Call?

Consumer confidence has plunged to 50.4. To put the number in perspective, it was averaging 98 in the last expansion. Bloomberg reports U.S. Economy: Consumer Confidence Slips to Five-Month LowThe Conference Board’s sentiment index fell to 50.4, below the median forecast of economists surveyed by Bloomberg News and the lowest level in five months, figures from the New York-based private research group showed today. Another report showed home prices rose more than forecast in May as a …

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Consumer Confidence Sinks to 50.4, a 5-Month Low; Home Prices Rise; Case-Shiller a Very Lagging Price Indicator

SEC pays $1 million to woman who ratted on her ex Washington Post (blog) One of Wall Street's best-known hedge fund managers is targeted, but the feds can't find proof. Years pass, and they close the case. … and more

Like most politicians, Treasury Secretary Tim Geithner likes to talk out of both sides of his mouth, generally saying contradictory things in sound bites that may sound reasonable at first glance, but look idiotic upon closer inspection. For example please consider Private sector must drive economy: Geithner During an interview on NBC’s “Meet the Press,” Geithner also said the government has big plans for reforming Fannie Mae and Freddie Mac, the housing finance giants that now …

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Hypocrite Geithner Says Private Sector Must Drive Economy

In a sign that the global economy is recovering McDonald’s reported a 5 per cent increase in sales for the second quarter, buoyed by strong results across a variety of regions

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McDonald’s improves around the world

Moneycontrol.com Wall Street “Justice”: AIG Evidence Raises the Question, “Where Are the … Huffington Post (blog) The SEC appeared to engaged in a little Wall Street -style overselling last week when its Director of Enforcement said that “half a billion dollars ($500 … Wall Street May Finally Breathe Easier New York Times Wall Street Roundup: Behind the Goldman Sachs settlement. Nantucket's Wall … Los Angeles Times (blog) Tourre Says He Relied on Goldman Sachs, Denies Fraud BusinessWeek Wall Street Journal

Special Inspector General for the troubled asset relief programme will find that the Treasury abdicated its responsibility to protect the broader US economy

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Treasury under fire on impact of car rescues

Avoiding Internet Job Scams OfficialWire (press release) In today's economy, service scam has become one of the best ever growing categories of fraud. One of the downside of work at home is that there are … Searching For Internet Job Scams OfficialWire (press release) Increasing Incidence Of Scams And Fraud OfficialWire (press release) Nigeria Dating Online Scams OfficialWire (press release) all 11 news articles

France24 Wall Street stocks tumble 2.2% on poor US bank results National Business Review Stocks on Wall Street crumbled under the weight of poor earnings reports and more concerns about the state of the economy. Bank stocks, in particular, … US Stocks Slip; Mixed Economic Data Cuts Into Earnings Optimism Wall Street Journal Dow's winning streak falters after financial overhaul ABC Online all 343 news articles

ABC Online (7/2010) BOOK REVIEW: Chasing Goldman Sachs By Suzanne McGee Basil & Spice look at the forces that transformed Wall Street from its traditional role as a capital-generating and economy-boosting engine into a behemoth operating with … Goldman Sachs ready to pay $50 million to settle civil suit TopNews United Kingdom (blog) Business Highlights BusinessWeek all 16 news articles

US homes repossessed by banks set to hit record 1 million this year Washington Post (blog) That can go on so long as the Fed continues to aid and abet in this scam but when it is time to raise interest rates and tighten credit, this portfolio of … and more

Due to the lagging economy and threat of a double dip recession, foreclosure rates continue to rise and loan modification and foreclosure scams are piggybacking all the way. Fenton Man Accused Of Mortgage Fraud To Appear In Court …

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California AG to Discuss Action Against Fannie Mae – Mortgage …

I have a few more candidates that I would like you to consider supporting in the upcoming mid-term elections. The first of these candidates is Kelly Nguyen running in Georgia’s 5th Congressional District. Please check out Kelly Nguyen Stands on Issues. Jobs and the Economy: Small businesses are the backbone of the American economy and employ over half of all Americans. The recession was inevitable because of federal policies working against small businesses. We must reverse federal …

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Kelly Nguyen for Georgia District 5 – Atlanta

Salon Deficit commission almost done deciding to slash Social Security Salon Except that apparently Maloney is in bed with Wall Street . Saujani says Maloney has taken lots of “special interest corporate PAC money. … and more

Snoop Dogg's ambition: A cameo on Coronation Street Montreal Gazette With the US economy lurching around, it's still a good time for movies giving people a chance to hate Wall Street , and Leonardo DiCaprio and Martin Scorsese … and more

John Paulson – one of the world’s most prominent hedge fund managers – has suffered a second consecutive month of steep losses for his flagship hedge funds, most of which are heavily geared towards a recovery in the US economy

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Paulson’s flagship funds hit by volatility

Hilarity doesn’t exactly ensue, as the White House discovered when it attempted to exploit Fannie Mae and Freddie Mac to carry paper for its home-energy improvement program, part of Barack Obama’s “green economy” strategy. …. THAT is attorney Obama’s résumé specialty, pinstripe crime that rips off PUBLIC TAX FUNDED programs through legal corruption, à la Obama’s “community organizing” Altgeld Gardens scam that put ALL the tax funds designated for restoring public …

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Hot Air » Shocker: Yet another Obama “green economy” fail

Good for builders, but a creaking sound from the US economy

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Lumber

International Forecaster July 2010 (#2) – Gold, Silver, Economy + More Gold Seek This is straight forward dictatorship controlled from Wall Street . The president and most of Congress are pliable socialists only intent on enriching … and more

In his latest post, John Hussman takes a well deserved swipe at illegal Fed operations, Geithner, Bernanke, and Keynesian stimulus. Please consider a few snips from Implications of a Likely Economic Downturn. …. With regard to “stimulus” plans, my difficulty with last year’s policies is not so much an aversion to government spending as it is a rebuke of the notion that government spending is by its nature stimulative or beneficial to the economy. The issue is how this real value …

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Hussman Blasts Geithner, Bernanke, Keynes; Why Keynesian Stimulus Always Fails

In yet another sign the economy is cooling substantially, three components of the June Services ISM are now in contraction, with the overall index declining much faster than economists expected. From the June 2010 ISM Report On Business

(From The Washington Post) — They call her India’s Miss Manners, and she is at the heart of a multimillion-dollar industry to make Indian companies more competitive globally by improving their workers’ social skills. Pria Warrick has become the guru of graces for a new generation of call-center techies, chief executives, animation artists, MBAs and Bollywood film stars, all of whom are helping drive India’s rise as a world economic power but sometimes without a certain polish. “Backs straight! Napkins on lap. Great. Class, cut your burger neatly,” Warrick told a class of young Indian professionals, methodically performing fork-and-knife surgery on a McAloo Tikka patty — a spicy potato burger from McDonald’s — as practice for dining in Europe and the United States. Warrick’s school is part of a fast-growing trend in corporate India to remedy what analysts and recruiters call a serious impediment to India’s global economic goals. Although many skilled Indian workers have degrees from top universities, analysts said they are often jaw-droppingly inept at the basics of international workplace etiquette: dressing properly, hosting a meeting, making inoffensive small talk and even using cutlery. Fearing that such deficiencies are hurting India’s leadership potential, companies are spending millions of dollars on corporate finishing school for tens of thousands of workers. In many cases, those workers are products of India’s burgeoning middle classes who are the first generation in their families to enter the nation’s booming and globally minded economy. Read more.

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In India, workplace etiquette rounds out the coursework

Congress fixes Wall Street – and orders up 68 studies CNNMoney The Wall Street reform bill may be the most extreme example: The legislation, which could become law later this month, orders government officials to … and more

Florida roadside signs pop up in bad economy Before It’s News The scam artists commingle with the truly desperate. That sign for a “3/2 Investor Home 39k Ca$h” could be some poor soul losing his house or an unlicensed … and more

Scams happening more often in weak economy LubbockOnline.com Be aware that reshipping schemes are illegal and legitimate employment offers do not require any payment upfront. n Google work from home scam . … and more

This morning the BLS reported a decrease of 125,000 jobs. However, that reflects a decrease 225,000 temporary census workers. Last month there was an increase of 411,000 temporary census workers. Next month will also likely be negative due to the dismissal of more temporary workers. Excluding the census effect, the economy added 100,000 jobs but interestingly 20,500 of them were private temporary jobs. Temporary jobs have become a way of life. Excluding the census effect, government added …

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Jobs Decrease by 125,000, Rise by 100,000 Excluding Census; Unemployment Rate Drops to 9.5%; A Look at the Details

Congressman Adler Votes Against Wall Street Fraud and Abuse BigNews.biz (press release) ” Wall Street's greed caused our economy to collapse,” Congressman John Adler said. “While families, seniors and small businesses played by the rules, … and more

The global economy continues to cool with China’s purchasing index barely above contraction levels, weekly unemployment claims in the US not only stubbornly high but headed in the wrong direction, and the US ISM weaker than expected. Bloomberg reports China Manufacturing Slows for Second Month, PMI Shows.China’s manufacturing expanded at a slower pace for a second month in June, adding to signs that growth in the world’s third-largest economy is moderating. The Purchasing Managers’ Index …

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China Manufacturing Slows for Second Month; US ISM Weaker than Expected; Weekly Unemployment Claims Stubbornly High; Existing Home Sales Plunge

Washington Post Goldman CFO says firm lost money on risky deals The Associated Press David Viniar, CFO of the Wall Street giant, is addressing the firm's derivatives trading in testimony to a special panel investigating the financial crisis. … Financial crisis panel takes Goldman Sachs to task MarketWatch Will Wall Street ever apologize? Washington Post (blog) Special Treatment for JPMorgan? FOXBusiness BusinessWeek

Better Business: In a tough economy, job scams proliferate Memphis Commercial Appeal The Better Business Bureau has yet to see a legitimate work -at- home job that fulfills its promises of high earnings for part-time work , no experience …

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Better Business: In a tough economy, job scams proliferate – Memphis Commercial Appeal

The Keynesian clown hit parade just keeps on rolling. Leo Kolivakis at Pension Pulse is the latest to put on the clown hat for The Third Depression?Some economists are worried about the push to slash deficits too early. In his op-ed piece in the NYT, Paul Krugman goes as far as calling for The Third Depression. I also fear that policymakers are making a major mistake by moving so aggressively to cut deficits at a time when the global economy remains fragile. If you go back in history and look …

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Yet Another Keynesian Clown Steps Up to the Plate: Leo Kolivakis at Pension Pulse

Work -at- home job scams thrive on economic trouble USA Today Work -at- home scams have been around for decades, but the economic downturn has given them a new urgency for both businesses and the unemployed. … and more

Last Thursday Congress failed to pass legislation extending jobless benefits. Is Congress finally listing to the US Public? Not quite. It took a GOP filibuster to “Just Say No” in spite of the fact that by a margin of 63% to 34% more citizens are worried about keeping down the deficit than boosting the economy. Please consider Jobless Bill Dies Amid Deficit FearsSpooked by concern about deficits, the Senate shelved a spending bill that included an extension of unemployment …

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Consumers Get It, Keynesian Clowns Don’t – 63% Believe Congress Should Worry More About Deficit than Boosting the Economy

(From citizen-times.com) WASHINGTON — At a recent White House forum of the U.S. Interagency Council of Homelessness, Labor Secretary Hilda L. Solis announced 97 grants, totaling more than $24 million, to provide approximately 14,000 veterans with job training to help them succeed in civilian careers.

Cheap, illegal roadside signs sprouting up in down economy Monterey County Herald The scam artists commingle with the truly desperate. That sign for a “3/2 Investor Home 39k Ca$h” could be some poor soul losing his house or an unlicensed … and more

A sure sign that something is either on the way if not already happening is denial by a central banker of the risks. With that idea in place, this headline speaks for itself: ECB’s Trichet says austerity plans don’t risk stagnation “As regards the economy, the idea that austerity measures could trigger stagnation is incorrect,” Trichet said, according to an English-language transcript published on the ECB’s Internet site. “I firmly believe that in the current circumstances, …

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Trichet Says Deflation Will Not Materialize, Austerity Will Not Cause Stagnation; Trichet Plays Politics; Welcome Back Deflation

(From guardian.co.uk) — Up to 2,000 women in business and finance have gathered to call for more action to stop gender inequality in the City and across the British economy as a whole. The conference came as a new poll showed that 79% of London-based female professionals said men and women were treated differently in the workplace. “There is gender asbestos – it’s in the walls and it will take a bit of time and more work to get it out,” said Avivah Wittenberg-Cox, chief executive of 20-first, a Paris-based gender consultancy. Just over half of women questioned believe their firm is committed to ensuring gender equality, but only a third say management has made any improvements in addressing the issue over the past five years, according to a YouGov survey of 610 women commissioned by Deutsche Bank. Read more.

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UK: Businesswomen call for end to workplace inequality

Venezuela is nationalising 11 oil rigs belonging to US driller Helmerich & Payne, the latest in a series of takeovers in President Hugo Chávez’s drive to create a socialist economy in the middle of a recession

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Venezuela to nationalise US oil rigs

Accountable America to Senate: Don't Be Manipulated by Steve Eisman PR Newswire (press release) “Congress should not be manipulated by Wall Street hedge fund speculators and stock short sellers. They've caused enough damage to our economy already.” and more

Economist Dave Rosenberg warns investors to Get a Grip on Reality. Double-dip risks in the U.S. have risen substantially in the past two months. While the “back end” of the economy is still performing well, as we saw in the May industrial production report, this lags the cycle. The “front end” leads the cycle and by that we mean the key guts of final sales — the consumer and housing. We have already endured two soft retail sales reports in a row and now the weekly chain-store data for June …

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Getting a Grip on Reality – Reflation Dead in the Water

Courtesy of Calculated Risk here are a pair of articles, one from Krugman and another from Greenspan on the limits of debt. That ’30s Feeling Paul Krugman has That ’30s FeelingSuddenly, creating jobs is out, inflicting pain is in. Condemning deficits and refusing to help a still-struggling economy has become the new fashion everywhere, including the United States, where 52 senators voted against extending aid to the unemployed despite the highest rate of long-term joblessness since the …

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Krugman vs. Greenspan on "That ’30s Feeling"; Calculated Risk Sides with Krugman, I Side with Greenspan

Inquiring minds are reading the Philadelphia Fed June Business Outlook Survey for clues on the economy. The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased notably from a reading of 21.4 in May to 8.0 in June. The index, which had edged higher for four consecutive months, fell back to its lowest reading in 10 months. Until this month, firms’ responses had been suggesting that labor market conditions were improving, but indexes for …

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Philly Fed Business Index Dramatically Slows, Lowest Reading in 10 Months

Reforming Main Street Wall Street Journal The White House and Congressional Democrats like to talk about their battle against ” Wall Street lobbyists,” but it's the rest of the economy that could use …

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Reforming Main Street – Wall Street Journal

“While short sales can provide homeowners with a last-ditch alternative to foreclosure, this market is rife with scam artists,” Brown said. “Homeowners and buyers, agents, and lenders should beware of short sale negotiators who operate without licenses, use straw buyers or … citi mortgage, Commercial Loans, Commercial Real Estate, Construction Loan, Credit, Credit Cards, Crime, Current Mortgage Rates, Debt Consolidation, Deed in Lieu of Foreclosure, Economy, Fannie Mae …

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California AG Brown Warns Public About Rise of Short Sale Fraud …

(From The Financial) — Anticipating greater emphasis on talent management and competition for key talent, employers are planning to reshape their talent programs as the economy shifts out of the recessionary period, according to the new Future of Talent Management survey from Mercer. The survey, conducted in May, includes responses from HR and talent management leaders at more than 400 organizations throughout the US. The survey included a broad cross-section of industries, with durable manufacturing, for-profit services, health care, financial/banking and high-tech/telecommunications organizations representing the largest segments. According to Mercer’s survey, more than half of employers surveyed indicate their organization has emerged from the recession and is in growth mode (15%) or is emerging from the recession and preparing for growth (37%); another 22% said they were never out of growth mode as their organization was not significantly affected by the economic downturn. One-quarter (25%) said they are still in recession mode. Moreover, most organizations are planning changes to their talent programs in response to the downturn, although they are at different stages in terms of identifying and implementing these changes. The majority plan to make changes to leadership training (88%), workforce training (85%), employee engagement (85%), recruiting (80%), retention (80%), rewards (76%) and performance management (76%) programs. More than two-thirds (68%) are planning to make changes to their career programs and just more than half (51%) are planning to make changes to mobility programs. Read more.

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Employers reshaping talent management programs as economy shifts toward growth

While nearly everyone seems convinced that the economy is improving and buy-the-dip is the right strategy, the Fed is having increasing concerns about what to do if reflation does not take hold. The Wall Street Journal discusses “What if?” scenarios in Fed Weighs Growth Risks. Federal Reserve officials are beginning to debate quietly what steps they might take if the recovery surprisingly falters or if the inflation rate falls much more. Fed officials, who meet next week to …

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Fed Ponders What To Do If Recovery Fails; Risks to Growth All on Downside

(From USA Today) WASHINGTON — The United States economy is in serious danger from a growing mismatch between the skills that will be needed for jobs being created and the educational backgrounds (or lack thereof) of would-be workers. That is the conclusion of a mammoth analysis of jobs data being released today by the Georgetown University Center on Education and the Workforce. The new report says that the United States is “on a collision course with the future” since far too few Americans complete college. Specifically, the report says that by 2018, the economy will have jobs for 22 million new workers with colleges degrees, but, based on current projections, there will be a shortage of 3 million workers who have some postsecondary degree (associate or higher) and of 4.7 million workers who have a postsecondary certificate. “This shortfall will mean lost economic opportunity for millions of American workers,” the report says. Read more.

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Colleges not training students for careers that are growing

For only the second time in 50 years, state budget cuts will act as a fiscal drag on GDP as noted by Bloomberg in Economy in U.S. Slows as States Lose Federal Stimulus Funds. Spending cuts by state and local governments from New York to California may act as a drag on the economy into 2011, only the second time in more than a half century that such reductions have restricted growth for three consecutive years. States face a cumulative budget gap of $127.4 billion as 46 prepare for the start …

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Economy Slows as States Lose Federal Stimulus Funds; MacroAdvisers says Chances of "Double-Dip" are Essentially Nil

CNET Gates-backed nuclear outfit TerraPower funded CNET Amory was also a big proponent of the Hydrogen Economy and the H2 Fool Cell Vehicle SCAM . That was used successfully by his Big Oil buddies to thwart the … and more

Recovering US economy leaves little margin for error if accidents or the weather have an impact on supply and demand

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Natural gas