2013-03-09

Chart Porn

Show me the recovery

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvsYEds0KTlayncYIfBD8f6FXs6W_wp2335o7aWclOspmMpCfe7JyRAoFkowtFS8_l2GL3n0JC3aYv49vuGzCTR6ELupzDngh-IWedIPZU4xXr3RChFgjKoYumWfoC8NHXP8nLbDV9gVA/s1600/change-number-employed-since-nov-2007-thru-feb-2013.png

http://research.stlouisfed.org/fred2/graph/?chart_type=line&s[1][id]=EMRATIO&s[1][range]=5yrs

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/03/College%20Tuition.jpg

http://research.stlouisfed.org/fred2/series/HOUSTNSA

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/02/20130227_Bernanke.jpg

http://www.csmonitor.com/var/ezflow_site/storage/images/media/content/2013/0211-foodstamp/14997667-1-eng-US/0211-foodstamp_full_600.jpg

http://research.stlouisfed.org/fred2/data/WOTHAST_Max_630_378.png

http://twitpic.com/c5z9je

http://research.stlouisfed.org/fred2/series/M12MTVUSM227NFWA

http://research.stlouisfed.org/fred2/series/M2V?cid=32242

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/02/20130213_1894.jpg

http://research.stlouisfed.org/fred2/data/GFDEBTN_Max_630_378.png

http://research.stlouisfed.org/fred2/graph/?s%5B1%5D%5Bid%5D=TCMDO

http://research.stlouisfed.org/fred2/series/MZM

http://research.stlouisfed.org/fred2/series/NILFWJN

http://research.stlouisfed.org/fred2/graph/?g=2Xa

http://www.streettalklive.com/images/stories/1dailyxchange/PCE-Spending-MajCategories-Revisions-113012.PNG

http://research.stlouisfed.org/fred2/data/HOUSTNSA.txt

2013-03-06

The Bernanke Puts


An average of more than 50,000 people slept each night in New York City's homeless shelters for the first time in January, a record that underscores an unsettling national trend: a rising number of families without permanent housing. Families have become a larger share of the nation's homeless population.
/
More than 21,000 children—an unprecedented 1% of the city's youth—slept each night in a city shelter in January, an increase of 22% in the past year.
/
"New York is facing a homeless crisis worse than any time since the Great Depression," said Mary Brosnahan
http://online.wsj.com/article/SB10001424127887324539404578340731809639210.html?mod=djemalertNEWS




 

Not Mr. Majestyk's Mexican Melon Farm

A group of gunmen attacked a company melonera workers in the community of San Pablo East Progress Ajuchitlán Township, and left 10 dead and two serious injuries are reported.
Mr. Majestyk es un muerto

A group of gunmen attacked a company melonera workers in the community of San Pablo East Progress Ajuchitlán Township, and left 10 dead and two serious injuries are reported.
The community is the first village in the mountains, with 400 inhabitants and is one hour from the county seat, in a complicated way between hillsides.
several

That company operates a melon that this Sunday was attacked by armed men who arrived just after 10 am and shot who found. Among the victims is Enrique Hernandez Rivas, melon field manager.
Neighbors gave the report to the police forces and the army, who came to town with prosecutors to conduct investigations. In total, we saw about 80 police officers of the state, ministerial and army soldiers.
The bodies were scattered in the melon field. Local people would not give information on why people came armed with several units and attacked. A group of army stayed to investigate the facts and find those responsible.
The same agency reported that investigates the facts based on the preliminary CUAU/SC/02/0052/2013.
Reforma news agency reported that the victims were executed by three individuals, police sources said yesterday between 10:00 and 10:30 in the morning.
Indicates that criminals armed with AK-47 rifles arrived melon field located between the communities of East St. Paul, The Hidden and Remance, and one by one were running farm workers and wounded two others shot and laborers.
A worker who is dedicated to take the water to the field realized the action from afar and to be discovered by the gunmen ran to safety of the shots that made ​​him, adds Reform.
According to police reports, the laborers have shot grace and the authorities ignore the reasons that this group has had to kill them.
When authorities arrived at the scene found ministerial pulled seven bodies, the other three family members were taken away.
One of the deceased was handed over to his family and the other six were transferred to the Attorney General of Arcelia and be taken to the Forensic Medical Service of the city of Iguala.
The same source says that the dead are Luis Fernando Ramirez, 16, a native of Mitlalcingo, Ahuacuotzingo; Zacarias Ramirez Abarca, 25, of Chilapa, Heriberto Ramirez Jimenez, Alfonso Huerta Cyril, Fidel Garcia Ramirez, 15, 22 and 25 years, the three neighbors of Ahuacuotzingo Amitlazingo.
Also killed Hermelindo “N” of Huetamo, Michoacán, Maria Luisa Ortuño, 54 of Las Juntas, Ajuchitlán; Elvis Ray Fields, St. Paul East and Alfonso Estrada, 15, of El Aguaje of Ajuchitlán.
Simón Díaz and Domingo Ramirez Abarca, Ajuchitlán and Chilapa, were shot.
The state attorney general’s office said in a bulletin that 40 Infantry Battalion of the Army gave the report of the ten executed.
Process news agency released the 10 people killed and the two injured are employees of the company Legumbrera San Luis, a native of Michoacan, and activities in other municipalities in the Tierra Caliente which is dedicated to producing melon, sources of the Attorney General of Guerrero.
He added that preliminary reports indicate that victims are laborers, and that it was a direct attack, and that no confrontation.
Indicates that according to some people, to place an armed group arrived in several trucks and opened fire on workers who were in a melon field and then fled to the mountainous part of the municipality.
The website of the newspaper Milenio spread that the victims were related to organized crime activities, and in the hills around the melon field poppy crops there. This publication discusses that there was a shootout between suspected criminal groups.
The community of St. Paul East is the gate of the mountain to reach the region of Tierra Caliente, their paths unite the municipalities of San Miguel Totolapan, Tlacotepec and the Costa Grande region.
Ajuchitlán is where more clashes have claimed the military and in which at the beginning of the year there were several executions and kidnappings.
Recently, the town located halfway between the municipal and Paul East, which is La Laja, reported the kidnapping of a primary school teacher, who took her from her classroom.

2013-03-03

Mexico

The bodies of three beheaded men were found this morning inside a unit of route 83 abandoned in the middle of Chicoloapan, while another was found 200 metres away.
Around 7:30 hours, neighbors reported to the municipal police who at the junction of the Lerdo Street and Manzano River, in the March 2, Cologne, was parked a Urvan van with a blanket on one side and three corpses wrapped inside.
"Square" is read in the blanket placed on the left side of the vehicle, while another was left on the floor with two heads.
A third head was found in the driver's cab and the fourth was found in a bag inside.
The victims, aged between 25 and 30 years old, have not been identified.
The bodies were raised by the service medical forensic of the Attorney's State of Mexico.
Meanwhile, the Nezahualcoyotl police reported the discovery of the body of a man identified as José García Godínez.
The corpse had three wounds produced by caliber 9 mm firearm and was lying on the street Petroleos Mexicanos, the colony large Vicente villada
 
Google translate from:
http://www.blogdelnarco.com/2013/03/decapitan-a-cuatro-en-chicoloapan-edomex/

From an earlier post:
Much of the nearly $2 billion in US aid and training provided to Mexico under the Merida Initiative has flowed to the quasi-military federal police force.
/
The report focuses on “enforced disappearances” of civilians at the hands of both Mexico's naval infantry and the militarized federal police — forces that have won favor and hefty funds from Washington during the six-year campaign against the gangsters.
http://www.globalpost.com/dispatch/news/regions/americas/mexico/130222/mexico-drug-war-disappearances-human-rights-watch-report

2013-03-02

The Bernanke Put

Austerity Causes Greece to be Reclassified as Third World Nation

A major fund manager has reclassified Greece from a developed to an emerging market, in an unprecedented move reflecting the "unfortunate economic tailspin" of the Greek economy, which has threatened the future of the euro.
http://www.telegraph.co.uk/finance/economics/9904969/Greece-reclassified-to-emerging-market-from-developed.html

Bernanke. The Lying Thief Coward

Bernanke: "You called me a dove, well maybe in some respects I am, but on the other hand my inflation record is the best of any Federal Reserve chairman in the postwar period."

Bernanke's term circled in red:
 

2013-03-01

Erdogan

Turkish Prime Minister Recep Tayyip Erdogan on Wednesday declared that Israel and Islamophobia both are a “crime against humanity.”
United Nations Secretary General Ban Ki-moon sat non-responsively behind Erdogan as he spoke in Vienna.

 


Erdogan two weeks ago:
Turkey’s Prime Minister Recep Tayyip Erdoğan calls Francis Joseph Ricciardone, the US’s new ambassador to Turkey, a ‘rookie’ regarding his remarks on press freedom in Turkey. ‘He does not know Turkey, he does not have any idea which laws there are, and then he walks into a trap and makes a statement,’ Erdoğan says
U.S. Ambassador is a rookie that walked into a trap

2013-02-26

Systemic Risk

Watch Bernanke squirm:

 

2013-02-25

Spain



A survey showed more than three quarters disapproved of Mr Rajoy as head of the government, while 85 per cent had "little or no faith in him".
http://www.telegraph.co.uk/news/worldnews/europe/spain/9845625/Spanish-Prime-Minister-Mariano-Rajoy-under-pressure-to-quit.html

MADRID, Feb 25 (Reuters) - A former treasurer of Spain's ruling party, at the heart of a corruption scandal that has hurt Prime Minister Mariano Rajoy, was ordered to surrender his passport on Monday while judges investigate millions of euros he deposited in Swiss banks.
Luis Barcenas is accused of using his position to take bribes, evade taxes by hiding the proceeds in Switzerland and launder money through shell companies, charges that carry prison sentences of up to six years and fines
/
Ruz banned Barcenas from leaving Spain, seized his passport and ordered him to report to a court twice a month.
/
Public interest in the case had largely evaporated until January, when Ruz's investigation revealed Barcenas had Swiss bank accounts once worth as much as 22 million euros ($30 million).
http://www.reuters.com/article/2013/02/25/spain-corruption-idUSL6N0BPBUH20130225

Meanwhile, monthly jobs data out later is unlikely to calm nervous markets. Unemployment in Spain now stands at a staggering 26% with no signs of falling.
http://www.bbc.co.uk/news/business-21319639

Beppe


Beppe Grillo is the symbolic winner in the election. His MoVimento 5 Stelle (MS5 - Five Star Movement) is on the verge of becoming the largest party in Italy by popular vote
http://globaleconomicanalysis.blogspot.com/2013/02/beppe-grillos-five-star-movement-on.html
 

2013-02-24

Not Part of the Solution but Part of the Problem

Much of the nearly $2 billion in US aid and training provided to Mexico under the Merida Initiative has flowed to the quasi-military federal police force.
/
The report focuses on “enforced disappearances” of civilians at the hands of both Mexico's naval infantry and the militarized federal police — forces that have won favor and hefty funds from Washington during the six-year campaign against the gangsters.
http://www.globalpost.com/dispatch/news/regions/americas/mexico/130222/mexico-drug-war-disappearances-human-rights-watch-report

KABUL — Afghan President Ha­mid Karzai on Sunday ordered all U.S. Special Operations forces to leave a strategically important province in two weeks, alleging that they had been involved in the torture and murder of “innocent people.”
http://www.washingtonpost.com/world/taliban-target-afghan-intelligence-agency-in-three-suicide-attacks/2013/02/24/559313fa-7e65-11e2-9073-e9dda4ac6a66_story.html

Sequestration



In fact, the final deal reached between Vice President Biden and Senate Minority Leader Mitch McConnell (R-Ky.) in 2011 included an agreement that there would be no tax increases in the sequester in exchange for what the president was insisting on: an agreement that the nation’s debt ceiling would be increased for 18 months, so Obama would not have to go through another such negotiation in 2012, when he was running for reelection.
So when the president asks that a substitute for the sequester include not just spending cuts but also new revenue, he is moving the goal posts. His call for a balanced approach is reasonable, and he makes a strong case that those in the top income brackets could and should pay more. But that was not the deal he made.
http://www.washingtonpost.com/opinions/bob-woodward-obamas-sequester-deal-changer/2013/02/22/c0b65b5e-7ce1-11e2-9a75-dab0201670da_story.html

2013-02-21

Stay Schemin



Las Vegas (CNN) -- A shooting and a fiery crash left three people dead in the neon heart of the Las Vegas Strip on Thursday, and police scrambled to find out who triggered the carnage.

The bloodshed closed the Strip for about a block and a half around some of its biggest draws, leaving tourists gaping at a wrecked Maserati, a burned-out taxi and four other vehicles.

One of those killed was Kenneth Cherry Jr. -- a rapper also known as Kenny Clutch
http://www.cnn.com/2013/02/21/us/nevada-las-vegas-deaths/index.html?hpt=hp_t1