Initial jobless claims dropped but continuing claims rise for the 3rd week. Housing prices are falling. More retailers are saying the weather is not the cause of slower sales. Germany has blessed the “bail-in”, this will take effect in 2015. 150 armored vehicles are approaching Ukraine’s Donetsk area in a full out attack. Hagel declares Islamic State (ISIS/ISL) an imminent threat to the US. Islamic State has captured chemical weapons, nuclear material and are promising to car bomb embassies. This is a push for a false flag. The central bankers/US government are pushing the propaganda to create an event to cover up the economic collapse.
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Current News – 07.10.2014
- After 5 weeks of misses, initial claims beat and fell to 304k – just shy of the record low for the cycle. Continuing claims rose though,
- In the US in order to file for unemployment and be counted you must have:
- According to the Department of Labor, you need to meet two criteria to qualify for unemployment:
- You are unemployed through no fault of your own: That means you are out of a job due to reasons beyond your control, like a layoff. So, if you quit your job or are fired for gross misconduct, you’re not eligible.
- You meet your state’s requirements for time worked or wages earned: Every state has different rules. For example, New York State requires you to have worked in at least two calendar quarters of your “base period” (generally that just means the year before), be paid at least $1,600 in wages in one of those quarters and during that period made a total of at least 1.5 times the amount you made in your highest-paid quarter that year.If you had a solid, long-term job that you lost, you probably meet your state’s minimum time and wage requirements.
- Part Time workers are NOT meeting this. Therefore people do not qualify for unemployment and THUS are not counted as Unemployed because…. They were never technically EMPLOYED in the first place.
- It’s crazy but that’s how it goes. And Part Time workers, well all people getting a paycheck, pay into Unemployment.
- Take NJ for example: http://lwd.dol.state.nj.us/labor/ui/calc/needqualify.html
- You need to make $365 a week for 20 weeks in order to qualify. Now some easy math… 365/30hrs = $12.17/hr.
- AVG Wage in NJ for high turnover companies:
- CVS: 10.31
- Shop-Rite: 10.73
- Home Depot: 12.21
- Macys: 12.20
- Walmart: 9.90
- RiteAid: 11.20
- Sears: 9.25
- All cash buyers from China are bidding up the price of mansions, defined as anything with two stories..
- Buyers from Greater China, including people from Hong Kong and Taiwan, spent $22 billion on U.S. homes in the year through March, up 72 percent from the same period in 2013 and more than any other nationality, the National Association of Realtors said yesterday in its annual report on foreign home purchases. That’s 24 cents of every dollar spent by international homebuyers, according to the survey of 3,547 real estate agents.
- This slowdown in home price growth seems to be “here to stay,” writes Paul Diggle at Capital Economics.
- “The primary reason that house price gains are set to slow further is the loosening in housing supply conditions,” writes Diggle.
- The U.S. housing market has been dealing with tight supply, with a key issue being housing obsolescence — “properties that are no longer desirable because their characteristics do not match what buyers are looking for in a home,” Mark Fleming at CoreLogic wrote earlier this year.
- Lumber Liquidators – come out with some heresy about Q2 bounce backs and the weather…”demand strengthened for 30 days beginning in mid-March. But in May demand slowed and further weakened in June. We were somewhat surprised by the magnitude of the continued weakness in the stores designated as impacted by weather in the first quarter.”
- U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales.
- The slower pace of sales and restocking suggests that consumer and business demand weakened a bit in May. But the figures also show that companies aren’t building up large stockpiles, which can leave them with unsold goods if sales slow further.
- Russia is to urge its BRICS counterparts to set up an energy association that will include a fuel reserve, as well as the institute for energy policy, according to Russian
- Russia will suggest a network to link the leading universities of Russia, China, Brazil, India and South Africa that will specialize in economics and technology, TASS reports.
- Earlier this summer, IMF bureaucrats went to Sofia, Bulgaria to study the country’s economic progress.
- And roughly a month ago, they released an official report which stated, among other things, that Bulgarian banks are “stable and liquid.”
- less than two weeks later, Bulgaria’s banking system was in the throes of a full-blown crisis.
- There was a run on two of the nation’s largest banks—several hundred million dollars had been withdrawn in a matter of hours.
- And the Bulgarian central bank had to step in and take over both of them or risk a collapse in the entire system.
- This is the modern miracle of fractional reserve banking.
- When you make a deposit, your bank only holds a tiny percentage of that cash.
- The rest of it gets loaned out or invested in securities
- German government approved plans to force creditors into propping up struggling banks across Europe. in times of crisis mainly owners and creditors will contribute to solving the crisis, and not taxpayers.” As a gentle reminder – creditors includes depositors… remember Cyprus?
- Germany’s cabinet Wednesday approved plans to force creditors into propping up struggling banks beginning in 2015, one year earlier than required under European-wide plans that set rules for failing financial institutions.
- The new bail-in rules are part of a package of German legislation on the European banking union–an ambitious project to centralize bank supervision in the euro zone and, when banks fail, to organize their rescue or winding-up at a European level.
- South Carolina staffing agencies say small businesses are hiring more part-time workers than full-time because Obamacare costs won’t allow them to bring on the latter, WMBF reports.
- One of the key provisions of Obamacare, also known as the Affordable Care Act, is the mandate that businesses with at least 50 employees must provide health insurance for those who work more than 30 hours a week, something these businesses and others all around the country cannot afford.
- President Obama in a hastily arranged press conference Wednesday insisted that he had not visited the U.S.-Mexico border during a trip toTexas because it would amount to political theater.
- “I’m not interested in photo ops,” he added. “I’m interested in solving a problem.”
should reporters or members of congress actually want to inspect these facilities they can be rebuffed in the name of “national security”
- MURRIETA — As the border crisis continues, the Department of Defense is requesting that additional military bases make housing facilities and land available to accommodate a continued influx of illegal alien children.
- Currently, three facilities are being used: Naval Base Ventura County, in Port Hueneme, California; Joint Base San Antonio-Lackland, in Texas; and Fort Sill, Oklahoma. The California base can house 575, and is accommodating teenagers from the ages of 13 to 17. Lackland and Sill can each hold about 1,200 youth.
- ABC News’ Diane Sawyer misidentifies scenes of the aftermath of Israeli missile strikes in Gaza as destruction caused by Palestinian rocket fire. ABC apologizes for the mistake.
- Germany is expelling the CIA chief in Berlin in retaliation for the latest espionage scandal.
- The expulsion comes shortly after two alleged US agents were unmasked, suspected of acting as double agents within the state security apparatus, and passing secrets to US intelligence contacts.
- “A conflict between China and United States will definitely be a disaster for the two countries and the world
- According to the FT, the US is developing new military tactics to deter China’s slow but steady territorial advances in the South China Sea, including more aggressive use of surveillance aircraft and naval operations near contested areas. “Our efforts to deter China [in the South China Sea] have clearly not worked,” said a senior US official.
- In other words, the US is doing precisely what China warned not to do, and what according to the Chinese president would lead to “disaster for the two countries.”
- Security agents have captured suspected terrorists at several locations, though only seven of the 28 targeted ISIS members have been detained so far. The arrests came after a botched raid in a Beirut hotel three weeks ago resulted in injuries to three policemen when a Saudi terrorist detonated a bomb, just as agents burst through the door of his room. ISIS took responsibility for the incident, terming it a“suicide attack.”
- Norway’s top financial institutions have been hit in what appears to be a coordinated cyber-attack, the biggest-ever the country has experienced. Anonymous Norway may
- The malicious bombardment with requests caused traffic problems for their website and disrupted access throughout the day. This affected the banks’ online payment services as well.
Now the terrorist groups has the ability to blow up embassies, use sarin gas, and create dirty nukes. Be prepared for a false flag event.
- seizing 88 pounds of nuclear material (uranium compounds) from Mosul University. As Iraq’s UN Ambassador warned, “these nuclear materials, despite the limited amounts mentioned, “can be used in manufacturing weapons of mass destruction… or in combination with other materials in its terrorist acts.”
- US is playing down the threat (for a change)
- European General Affairs Council adopted provisions for Article 222, which is also called the “solidarity clause.” It said that the European Union would “mobilise all the instruments at its disposal, including the military resources made available by the Member States,” if “a member state is affected by a terrorist attack, or a natural or man-made disaster.” The decision allows for the deployment of Special Forces, paramilitary groups and various other “anti-terror” groups.
- A disaster is defined as “any situation that has harmful repercussions on human beings, the environment or wealth assets,” according to an accompanying paper by EU High Representative Catherine Ashton. Strikes, demonstrations or uprisings endangering critical infrastructure, banks and corporations can also be included among the targets of military actions carried out by the European police and military.