Posts Tagged ‘Neocommunism’

A renowned environmentalist, known for his advocacy of population reduction as a means of offsetting climate change, has called for “a more authoritative world” where freedom comes second to tackling what he sees as the devastating effects of global warming. Futurist James Lovelock, tells the London Guardian that he believes “It may be necessary to put democracy on hold for a while,” in order to save humanity:

Prison Planet

Americans’ ability to move their money across international borders may become restricted thanks to new legislation passed last week. Buried within Obama’s recent $17.5 billion “H.I.R.E.” Hiring Incentives to Restore Employment Act (H.R. 2487) is a new U.S. Federal restriction on any foreign holdings which exceed the meager amount of $50,000 and leaves the door open for a new 30% transaction or ‘holdings’ tax to be enforced by the IRS. The new law amounts to an unprecedented extension of the US Government into the global sphere:

21st Century Wire

Jamie Dimon, chief executive of JPMorgan Chase, said the bank “fell short” of its earnings potential. Katie Falkenberg for The New York Times

Over all, JPMorgan said 2009 net income rose to $11.7 billion, or $2.26 a share. That compares with a profit of $5.6 billion, or $1.35 a share, during 2008, when panic gripped the industry. Revenue grew to a record $108.6 billion, up 49 percent:

NY Times | Jan 16, 2010

Economists fear recovery will leave more behind than in past recessions

Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed:

New York Times | Feb 21, 2010