unemployment

Fake News A US Media Speciality

The American media specializes in fake news. Indeed, since the Clinton regime the American media has produced nothing but fake news. Do you remember the illegal US bombing and destruction of Yugoslavia? Do you remember “war criminal” Slobodan Milosevic, the Serbian president branded “the butcher of the Balkans,” who was compared to Hitler until Hillary…

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Are We Witnessing The Weirdest Moment In Economic History?

It is an unfortunate reality that most people tend to be oblivious to massive sea changes in geopolitics and economics. You would think that these events would catch the immediate attention of everyone as they happen, but usually it is not until they realize that the microcosm of their personal lives is subject to the…

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Minimum Wage Massacre: Wendy’s Unleashes 1,000 Robots To Counter Higher Labor Costs

In yet another awkwardly rational response to government intervention in deciding what’s “fair”, the blowback from minimum wage demanding fast food workers has struck again. Wendy’s plans to install self-ordering kiosks in 1,000 of its stores – 16% of its locations nationwide. “Last year was tough — 5 percent wage inflation,” said Bob Wright, Wendy’s…

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It’s 2007 All over Again… Banking Crisis Imminent

The writing is on the wall. Be prepared. Via Dollar Collapse: Our good friend Michael Pollaro just sent a chart from the St. Louis Fed that shows the US drifting back into yet another banking crisis. The green line tracks fluctuations in the US yield curve, defined as the difference in yield between 10-year and…

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Walmart to Cut 1,500 Jobs at 500 More Locations, Pretends It’s No Big Deal

Editor’s Note: Every time Walmart announces a big lay off, they always spin it like they are “re-imagining” Walmart and reorganizing labor and shuffling people around etc., like it doesn’t have anything to do with the fact that the economy is tanking and technology is making human labor worthless. How much longer can they keep…

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