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The Last Three Times the Market Flashed This Signal Stocks Fell off a cliff

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From across the horseshoe shaped town of Pikeville, KY, various buildings, parking lots, temporary walkways, and above ground construction of the Pikeville Medical Center (PMC) expansion project, on Tuesday, July 12, 2011, in Pikeville, KY. After months of infrastructure construction and rain delays, one of Kentucky’s largest American Recovery and Reinvestment Act (ARRA) projects is under way. The .6 million Community Facilities Loan will finance construction of a new medical office building and parking garage. The new medical office building will house outpatient surgery, endoscopy, surgical support and provide exam, waiting and office space for 23 primary and specialty care physicians. It also will contain a medical research center to support existing research – in conjunction with Pikeville College – on health disparities, genetic research related to the prevalence of cancer and other areas, including drug and treatment trials. The new parking garage with more than 1,000 spaces will be built adjacent to the new medical building, eliminating the need to shuttle patients back and forth from remote parking areas. The new garage will provide closer and easier proximity to medical and hospital services for all patients.
Wayne Rutherford, County Judge-Executive for Pike County, says funding from ARRA is a boon for his county because it will create jobs.

“This is great for Pike County’s economy. We know we have a great hospital, and with this support, it will be even better,” said Rutherford. “The unemployment rate here is above the state average and this will stimulate jobs. There will be construction, which means lots of jobs on the front end – and even more once it is built.”

Pike County is one of Kentucky’s persistent poverty counties and the current medical facility provides health care services for a rural population of more than 68,000. This project will create 1,430 direct and indirect construction jobs, in addition to 97 long-term jobs. It is scheduled to be completed in December 2012.

“This project is a prime example of the ARRA monies being utilized for much-needed health care facility expansion in an economically-depressed region of Eastern Kentucky and Appalachia,” said Tom Fern, State Director for Rural Development in Kentucky. “This hospital has received national recognition for its quality of care, and this money will allow them to expand and build upon their success and continue providing quality health care services to the region.”

PMC was named National Hospital of the Year by the American Alliance of Healthcare Providers in November 2009. The hospital was among 400 elite health care facilities to apply for this prestigious honor. To earn this recognition, PMC competed against more than 400 hospitals, including the Mayo Clinic, the John Hopkins Hospital, Cedar-Sinai Medical Center, the Cleveland Clinic, Duke University Medical Center and Vanderbilt University.

Pikeville City Manager Donovan Blackburn said the medical center is the largest employer in Pikeville and contributes nearly million to the city through the payment of occupational taxes. He went on to say that Pikeville Medical’s success is also the city’s success because as other cities struggle with dwindling revenues, Pikeville has actually seen growth.

“This is a regional medical center that is very important to the city. Pikeville is a legal, financial and education hub for Eastern Kentucky and a gateway to rural communities in Virginia and West Virginia. There are half a million within a 50-mile radius – so it’s not just local people that depend on this facility,” said Blackburn. “From a regional standpoint it adds volume from a jobs standpoint. Everybody in this county knows someone or has family that works for Pikeville Medical Center.
“People in this area used to have to go out of the area for good jobs and quality medical services, but Pikeville Medical has changed that,” added Blackburn. "And it has impact on other parts of the city’s economy – hotels, restaurants and retail. It increases the quality of life tenfold.”

The Recovery Act was designed to spend money gradually over time in order to sustain a true recovery – with peak spending to occur early this year. While the experts agree that ARRA is already responsible for creating or saving approximately two million jobs, about 75 percent of recipients that reported on their Recover Act spending indicated their projects are less than half complete, meaning there is even more job impact from those dollars to come.
USDA Photo by Lance Cheung.

Last week, investors got more happy news. The Fed announced it would keep printing $ 85 billion a month to buy Treasury and agency mortgage-backed bonds.

By printing money and buying bonds (aka monetizing debt), the Fed is going to keep shooing investors out of bonds and into stocks… funding government spending… and pushing up inflation rates to make outstanding debt easier to pay back.

And not only that, but it’s also going to keep doing so until the unemployment rate becomes “acceptable” again – in other words, as far as the eye can see. The one thing that has not responded to the Fed’s credit and cash deluge is the unemployment rate, which is still at 7.7%.

Against this backdrop, stocks have been rallying. And the big question everyone is asking is: Should they join the party?

Frankly, this is a terrible question. I can virtually guarantee that if this is the way you think about investing, you’re going to have a miserable time in the markets over the long run.

Here’s how my friend and legendary resource investor Rick Rule put it recently (with my own emphasis added):

Speculating on the events that are certain or almost certain to occur is almost always more profitable than gambling on a long shot, unlikely occurrence. Make investments based on unlikely scenarios only when the potential risks and rewards are disproportionately in your own favor and you can afford the loss that you may incur.

This is the only question that matters: Are the potential risk and rewards disproportionally in your favor?

Usually that happens when you can buy a stock… or other investment asset… at a price that is below its intrinsic value. It certainly doesn’t happen when you rush out and buy something because: (a) everyone else is buying or (b) because you think you can find a “greater fool” to buy something that is already overvalued.

So are the risks and rewards of following the crowd into U.S. stocks disproportionately in your favor right now?

To answer that question, let me share with you an observation made by bearish fund manager John Hussman recently. Then you can decide for yourself.

[Two weeks ago], Investors Intelligence reported that the percentage of bearish investment advisors has declined to just 18.8%. The last time bearish sentiment was below 20%, at a four-year market high and a Shiller P/E above 18 (S&P 500 divided by the 10-year average of inflation-adjusted earnings – the present multiple is 23) was for two weeks in May 2007 with the S&P 500 at about 1,525.

The next instance before that was two weeks in August 1987 (bearish sentiment never dipped much below 27 approaching the 2000 peak except for a reading of 22.6 in April 1998, just before the Asian crisis). The next instance before that was for three weeks of a five-week span in December 1972 and January 1973, which was immediately followed by a 50% market plunge.

Now, I realize this isn’t the kind of analysis you’ll find on CNN Money or CNBC. But it’s vitally important because it shows you what has happened in the past when we have had the same kind of market setup we have today.

Here’s a chart of what happened after the most recent instance of this same setup – in May 2007.

S&P 500 2007-2009
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I am not saying that stocks are destined to plunge again. They may or they may not. I’m simply pointing out that the kind of sentiment readings we’re seeing today mixed with the kind of valuations we’re seeing today have not been a recipe for profits in the past.

The risks and rewards, in other words, have NOT been disproportionately in investors’ favor.

Forewarned is forearmed, as they say.

Good investing,
Chris Hunter

Chris

Kansas Secretary of Labor Jim Garner Talks about the Kansas Unemployment Fund
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Tasks of the Unemployment Fund for Students

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New Yorkers Protest the US0 BILLION (US TRILLION) Wall Street BAILOUT: Wall Street, NYC – September 25, 2008

VOTE YOUR CONSCIENCE on 04 NOVEMBER 2008!

Photographer: a. golden, eyewash design – c. 2008.

This is actually a GOOD guy. See: billionairesforbush.com/index.php for more information.

Friends,

The richest 400 Americans — that’s right, just four-hundred people — own MORE than the bottom 150 million Americans COMBINED! 400 of the wealthiest Americans have got more stashed away than half the entire country! Their combined net worth is .6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly 0 billion — the same amount that they were demanding We give to them for the "bailout." Why don’t they just spend the money they made under Bush to bail themselves out? They’d still have nearly a trillion dollars left over to spread amongst themselves!

Of course, they are not going to do that — at least not voluntarily. George W. Bush was handed a 7 billion surplus when Bill Clinton left office. Because that money was OUR money and not HIS, he did what the rich prefer to do — spend it and never look back. Now we have a .5 trillion debt that will take seven generations from which to recover. Why — on –earth – did — our — "representatives" — give — these — robber — barons — $US850 BILLION — of – OUR — money?

Last week, proposed my own bailout plan. My suggestions, listed below, were predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: THERE…IS…NO…FREE… LUNCH ~ PERIOD! And thank you for encouraging us to hate people on welfare! So, there should have been NO HANDOUTS FROM US TO YOU! Last Friday, after voting AGAINST this BAILOUT, in an unprecedented turn of events, the House FLIP-FLOPPED their "No" Vote & said "Yes", in a rush version of a "bailout" bill vote. IN SPITE OF THE PEOPLE’S OVERWHELMING DISAPPROVAL OF THIS BAILOUT BILL… IN SPITE OF MILLIONS OF CALLS FROM THE PEOPLE CRASHING WASHINGTON "representatives’" PHONE LINES…IN SPITE OF CRASHING OUR POLITICIAN’S WEBSITES…IN SPITE OF HUNDREDS OF THOUSANDS OF PEOPLE PROTESTING AROUND THE COUNTRY… THEY VOTED FOR THIS BAILOUT! The People first succeeded on Monday with the House, but failed do it with the Senate and then THE HOUSE TURNED ON US TOO!

It is clear, though, we cannot simply continue protesting without proposing exactly what it is we think THESE IDIOTS should/’ve do/one. So, after consulting with a number of people smarter than Phil Gramm, here’s the proposal, now known as "Mike’s Rescue Plan." (From Michael Moore’s Bailout Plan) It has 10 simple, straightforward points. They are that you DIDN’T, BUT SHOULD’VE:

1. APPOINTED A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE. Before any new money was expended, Congress should have committed, by resolution, to CRIMINALLY PROSECUTE ANYONE who had ANYTHING to do with the attempted SACKING OF OUR ECONOMY. This means that anyone who committed insider trading, securities fraud or any action that helped bring about this collapse should have and MUST GO TO JAIL! This Congress SHOULD HAVE called for a Special Prosecutor who would vigorously go after everyone who created the mess, and anyone else who attempts to scam the public in future. (I like Elliot Spitzer ~ so, he played a little hanky-panky…Wall Street hates him & this is a GOOD thing.)

2. THE RICH SHOULD HAVE PAID FOR THEIR OWN BAILOUT! They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. But there is no way in hell, after forcing family incomes to go down more than ,000 dollars during the Bush years, that working people and the middle class should have to fork over one dime to underwrite the next yacht purchase.

If they truly needed the 0 billion they say they needed, well, here is an easy way they could have raised it:

a) Every couple makeing over a million dollars a year and every single taxpayer who makes over 0,000 a year should pay a 10% surcharge tax for five years. (It’s the Senator Sanders plan. He’s like Colonel Sanders, only he’s out to fry the right chickens.) That means the rich would have still been paying less income tax than when Carter was president. That would have raise a total of 0 billion.

b) Like nearly every other democracy, they should have charged a 0.25% tax on every stock transaction. This would have raised more than 0 billion in a year.

c) Because every stockholder is a patriotic American, stockholders should have forgone receiving a dividend check for ONE quarter and instead this money would have gone the treasury to help pay for the bullsh*t bailout.

d) 25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raised the corporate income tax BACK to the levels of the 1950s, this would give us an extra 0 billion.

All of this combined should have been enough to end the calamity. The rich would have gotten to keep their mansions and their servants and our United States government ("COUNTRY FIRST!") would’ve have a little leftover to repair some roads, bridges and schools…

3. YOU SHOULD HAVE BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME! There are 1.3 million homes in foreclosure right now. That is what is at the heart of this problem. So, instead of giving the money to the banks as a gift, they should have paid down each of these mortgages by 0,000. They should have forced the banks to renegotiate the mortgage so the homeowner could pay on its current value. To insure that this help wouldn’t go to speculators and those who tried to making money by flipping houses, the bailout should have only been for people’s primary residences. And, in return for the 0K pay-down on the existing mortgage, the government would have gotten to share in the holding of the mortgage so it could get some of its money back. Thus, the total initial cost of fixing the mortgage crisis at its roots (instead of with the greedy lenders) is 0 billion, not 0 BILLION.

And let’s set the record straight. People who have defaulted on their mortgages are not "bad risks." They are our fellow Americans, and all they wanted was what we all want: a home to call their own. But, during the Bush years, millions of the People lost the decent paying jobs they had. SIX MILLION fell into poverty! SEVEN MILLION lost their health insurance! And, every one of them saw their real wages go DOWN by ,000! Those who DARE look down on these Americans who got hit with one bad break after another should be ASHAMED.! We are a better, stronger, safer and happier society when all of our citizens can afford to live in a home they own.

4. THERE SHOULD HAVE BEEN A STIPULATION THAT IF YOUR BANK OR COMPANY GOT ANY OF OUR MONEY IN A "BAILOUT," THEN WE OWN YOU. Sorry, that’s how it’s done. If the bank gives me money so I can buy a house, the bank "owns" that house until I pay it all back — with interest. Same deal for Wall Street. Whatever money you need to stay afloat, if our government considers you a safe risk — and necessary for the good of the country — then you can get a loan, but WE SHOULD OWN YOU. If you default, we will sell you. This is how the Swedish government did it and it worked.

5. ALL REGULATIONS SHOULD HAVE BEEN BE RESTORED. THE REAGAN REVOLUTION IS DEAD! This catastrophe happened because we let the fox have the keys to the hen-house. In 1999, Phil Gramm authored a bill to remove all the regulations that governed Wall Street and our banking system. The bill passed and Clinton signed it. Here’s what Sen.Phil Gramm, McCain’s chief economic advisor, said at the bill signing:

"In the 1930s … it was believed that government was the answer. It was believed that stability and growth came from government overriding the functioning of free markets.

"We are here today to repeal [that] because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.

"I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality."

FOR THIS NOT TO REOCCUR, This BILL SHOULD HAVE BEEN REPEALED! Bill Clinton could have helped by leading the effort for the repeal of the Gramm bill and the reinstating of even tougher regulations regarding our financial institutions. And when they were done with that, they should have restored the regulations for the airlines, the inspection of our food, the oil industry, OSHA, and every other entity that affects our daily lives. All oversight provisions for any "bailout" should have had enforcement monies attached to them and criminal penalties for all offenders.

6. IF IT’S TOO BIG TO FAIL, THEN THAT MEANS IT’S TOO BIG TO EXIST! Allowing the creation of these mega-mergers and not enforcing the monopoly and anti-trust laws has allowed a number of financial institutions and corporations to become so large, the very thought of their collapse means an even bigger collapse across the entire economy. No ONE or TWO companies should EVER have this kind of power! The so-called "economic Pearl Harbor" can’t happen when you have hundreds — thousands — of institutions where people have their money. When we have a dozen auto companies, if one goes belly-up, we DON’T FACE A NATIONAL DISASTER! If we have three separately-owned daily newspapers in your town, then one media company can’t call all the shots (I know… What am I thinking?! Who reads a paper anymore? Sure glad all those mergers and buyouts left us with a STRONG and "FREE" press!). Laws Should have been enacted to prevent companies from being so large and dominant that with one slingshot to the eye, the GIANT FALLS and DIES. And no institution should be allowed to set up money schemes that NO ONE understands. If you can’t explain it in two sentences, you shouldn’t be taking anyone’s money!

7. NO EXECUTIVE SHOULD EVER BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF "PARACHUTE" OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY. In 1980, the average American CEO made 45 times what their employees made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now make over 400 times what their average employee makes. How We have allowed this to happen at publicly held companies is beyond reason. In Britain, the average CEO makes 28 times what their average employee makes. In Japan, it’s only 17 times! The last I heard, the CEO of Toyota was living the high life in Tokyo. How does he do it on so little money? Seriously, this is an OUTRAGE! We have created the mess we’re in by letting the people at the top become bloated beyond belief with millions of dollars. THIS HAS TO STOP! Not only should no executive who receives help out of this mess profit from it, but any executive who was in charge of running his company into the ground should be FIRED before the company receives ANY help.

8. CONGRESS SHOULD HAVE STRENGTHENED THE FDIC AND MADE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE’S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES. Obama was correct to propose expanding FDIC protection of people’s savings in their banks to 0,000. But, this same sort of government insurance must be given to our NEVER have to worry about whether or not the money they’ve put away for their old age will be there. This should have meant strict government oversight of companies who manage their employees’ funds — or perhaps it means the companies should have been forced to turn over those funds and their management to the government? People’s private retirement funds must also be protected, but perhaps it’s time to consider not having one’s retirement invested in the casino known as the stock market??? Our government should have a solemn duty to guarantee that no one who grows old in this country has to worry about becoming destitute.

9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY. Turn off your TVs! We are NOT in the Second Great Depression. The sky is NOT falling, Chicken Little! Pundits and politicians have lied to us so FAST and FURIOUS it’s hard not to be affected by all the fear mongering. Even I wrote to and repeated what I heard on the news last week, that the Dow had the biggest one day drop in its history. Well, that was true in terms of points, but its 7% drop came nowhere close to Black Monday in 1987 when the stock market in one day lost 23% of its value. In the ’80s, 3,000 banks closed, but America didn’t go out of business. These institutions have always had their ups and downs and eventually it works out. It has to, because the rich do not like their wealth being disrupted! They have a vested interest in calming things down and getting back into their Jacuzzis before they slip into their million thread-count sheets to drift off to a peaceful, Vodka tonic and Ambien-induced slumber.

As crazy as things are right now, tens of thousands of people got a car loan last week. Thousands went to the bank and got a mortgage to buy a home. Students just back to college found banks more than happy to put them into hock for the next 15 years with a student loan. I was even pre-approved for a USK personal loan. Yes, life has gone on with little-or-no-change (other than the whopping 6.1% umeployment rate, but that happened last month). Not a single person lost any of his/her monies in bank, or a treasury note, or in a CD. And, the perhaps the most amazing thing is that the American public FINALLY didn’t buy the scare campaign. The citizens didn’t blink, instead telling Congress to take that bailout and shove it. THAT was impressive. Why didn’t the population succumb to the fright-filled warnings from their president and his cronies? Well, you can only say ‘Saddam has the bomb’ so many times before the people realize you’re a lying sack of shit. After eight long years, the nation is worn out and simply can’t take it any longer. The WORLD is fed up & I don’t blame them.

10. THEY SHOULD HAVE CREATED A NATIONAL BANK, A "PEOPLE’S BANK." Since they’re really itching to print up a trillion dollars, instead of giving it to a few rich people, why don’t We give it to ourselves? Now that We own Freddie and Fannie, why not set up a People’s bank? One that can provide low-interest loans for all sorts of people who want to own a home, start a small business, go to school, come up with the cure for cancer or create the next great invention. And, now that we own AIG – the country’s largest insurance company – let’s take the next step and PROVIDE HEALTH INSURANCE FOR EVERYONE. MEDICARE FOR ALL! It will SAVE us SO MUCH MONEY in the LONG RUN (not to mention bring peace of mind to all). And, America won’t be 12th on the life expectancy list! We’ll be able to have a longer lifespan, enjoying our government-protected pension and will live to see the day when the corporate criminals who caused this much misery are let out of prison so that We can help re-acclimate them to plain old ordinary, civilian life — a life with ONE nice home and ONE gas-free car invented with help from the People’s Bank.

P.S. Call your Senators NOW !!! —> www.visi.com/juan/congress/

Since they voted against passing the extension of unemployment benefits and skipped out to "campaign" to us to be re-elected…call them and tell them you will vote for the other "guy" if they don’t get their act together!

UPDATE:

The Bailout Is A Truly Evil Disaster And Enabler Pelosi Must Go

We are hearing more and more reports of how badly the ill-advised banker’s bailout is being handled, multi-million dollar bonuses for Paulson’s old cronies at Goldman Sachs, billions going to finance the takeover of rival banks, making the "too big to fail" even bigger, and the taxpayer getting an otherwise rotten deal for their investment. We even heard a Republic senator asking how fast they could blow the money.

NONE of this could have happened without the fawning complicity of Nancy Pelosi, who infamously said it was Bush’s proposal, INSTEAD of coming forward with a robust alternative plan. Just like Bush, she believes she is immune, she believes she is unaccountable, and shame on us if we don’t do everything we can to defeat her this Tuesday, and replace her with Cindy Sheehan.

Here is Cindy’s last TV spot. Please make whatever donation you can to put this ad on the air in these critical final days.

Last Cindy TV Spot Action Page:
www.usalone.com/cindy/donations_tv2.php

There is still time for you to make a real difference. We thank all of our participants who have already donated so generously to make this campaign what it is. For those who cannot make a contribution, please consider helping with the phone banking, and there is a link for that also on the page above.

The one thing we know is that we must continue to speak out. We must continue to challenge. Surrendering is what our current so-called representatives in Congress are so prone to, NOT what we do. Ultimate victory is not only possible, it is assured if we work as hard as we can for real change, not just the rebranding of the same old boys’
network.

And we promise you, immediately after the election we will go right back to work on pure issue advocacy full time, to continue to build the base of action for the future.

Paid for by Cindy Sheehan for Congress

Donations to Cindy Sheehan for Congress are not tax-deductible

Please take action NOW, so we can win all victories that are supposed to be ours, and forward this alert as widely as possible.

If you would like to get alerts like these, you can do so at www.usalone.net/in.htm

Or if you want to cease receiving our messages, just use the function at www.usalone.net/out.htm

A normal question that peeps into your mind is: what is an Unemployment Fund for Students? These are benefits in the form of small compensation or insurance given to a student in case they are currently unemployed. These benefits are sponsored by the state. It helps a student cover their bare basic needs like rental and food cost. This system is prevalent in European countries, Australia and the United States predominantly. You must now be curious to learn that what its basic features and functions are, about the current student benefits available in various counties and what its future is keeping today’s economic scenario in mind. Some of those features and the various schemes available in these countries are discussed below.

Basic Features and Functions

Benefits for an unemployed student are usually a part of your social security plan, given to you by the state. You must understand that the basic and the most important criteria for you to get benefits of unemployment fund for students is that you must be registered as an “unemployed” person and be actively looking and open for a job. If you have quit your job or it has been terminated because of your misconduct you are not eligible for the benefits of your unemployment fund for students. This fund is for a specific and short period only. The student advisers actively advise the students to apply for the student benefits even before their course ends. You are entitled to extra benefits if you have a dependent child or have current heavy medical costs. You start getting your benefits approximately 3 weeks after you complete your course. The mandatory documents you are asked for are your birth certificate, bank account details and your citizenship or passport details.

Student Unemployment Fund Schemes available in various countries

In Australia students doing a full time course are entitled for an unemployment fund for students called “Youth Allowance” and are encouraged to take up a job or do apprenticeship. Your age should be between 16 to 24 years. In the United Kingdom you are entitled for benefits based on your records of your social insurance and you are encouraged to continue and complete your education. However the student community needs to view these schemes as a stepping stone or a support to further enhance their career and move forward in life. It should not be seen as a source of income. This perspective will help students take full advantage of such schemes.

When you think about today’s economic scenario with recession and inflation percentage growing every day, every nation state is gearing up for the big challenges ahead in the new year. Students complete their education but opportunities are few in numbers and employment seekers are more. In this case, as in Sweden, a trough investigation is done and your documents are checked before the benefits are shared with you. In the United States the federal government is facing challenges like overpayment of claims, fraud documents etc. from the student community. Regulations have to be more stringent and care has to be taken that an unemployed student beneficiary is not deprived of the basic benefits of the unemployment fund for students.

For more information about the unemployment fund for students or Informationer om a-kasse til studernede in Danish, visit the website of Denmark’s largest trade union

Should you find yourself in the unfortunate position of being retrenched or fired, it is an extremely stressful time, but there is some financial reprieve in the form of the UIF – Unemployment Insurance Fund. CNBC Africa’s Gugulethu Cele finds out how it works and what the terms and conditions of its use entail. Joining CNBC Africa is Vuyo Mafata, CFO of UIF.
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Which Fannie Mae Loan Mortgage Programs is Best Suited For You?

Sorry… NOT!
unemployment fund
Image by eyewashdesign: A. Golden
New Yorkers Protest the US0 BILLION (US TRILLION) Wall Street BAILOUT: Wall Street, NYC – September 25, 2008

VOTE YOUR CONSCIENCE on 04 NOVEMBER 2008!

Photographer: a. golden, eyewash design – c. 2008.

Friends,

The richest 400 Americans — that’s right, just four-hundred people — own MORE than the bottom 150 million Americans COMBINED! 400 of the wealthiest Americans have got more stashed away than half the entire country! Their combined net worth is .6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly 0 billion — the same amount that they were demanding We give to them for the "bailout." Why don’t they just spend the money they made under Bush to bail themselves out? They’d still have nearly a trillion dollars left over to spread amongst themselves!

Of course, they are not going to do that — at least not voluntarily. George W. Bush was handed a 7 billion surplus when Bill Clinton left office. Because that money was OUR money and not HIS, he did what the rich prefer to do — spend it and never look back. Now we have a .5 trillion debt that will take seven generations from which to recover. Why — on –earth – did — our — "representatives" — give — these — robber — barons — $US850 BILLION — of – OUR — money?

Last week, proposed my own bailout plan. My suggestions, listed below, were predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: THERE…IS…NO…FREE… LUNCH ~ PERIOD! And thank you for encouraging us to hate people on welfare! So, there should have been NO HANDOUTS FROM US TO YOU! Last Friday, after voting AGAINST this BAILOUT, in an unprecedented turn of events, the House FLIP-FLOPPED their "No" Vote & said "Yes", in a rush version of a "bailout" bill vote. IN SPITE OF THE PEOPLE’S OVERWHELMING DISAPPROVAL OF THIS BAILOUT BILL… IN SPITE OF MILLIONS OF CALLS FROM THE PEOPLE CRASHING WASHINGTON "representatives’" PHONE LINES…IN SPITE OF CRASHING OUR POLITICIAN’S WEBSITES…IN SPITE OF HUNDREDS OF THOUSANDS OF PEOPLE PROTESTING AROUND THE COUNTRY… THEY VOTED FOR THIS BAILOUT! The People first succeeded on Monday with the House, but failed do it with the Senate and then THE HOUSE TURNED ON US TOO!

It is clear, though, we cannot simply continue protesting without proposing exactly what it is we think THESE IDIOTS should/’ve do/one. So, after consulting with a number of people smarter than Phil Gramm, here’s the proposal, now known as "Mike’s Rescue Plan." (From Michael Moore’s Bailout Plan) It has 10 simple, straightforward points. They are that you DIDN’T, BUT SHOULD’VE:

1. APPOINTED A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE. Before any new money was expended, Congress should have committed, by resolution, to CRIMINALLY PROSECUTE ANYONE who had ANYTHING to do with the attempted SACKING OF OUR ECONOMY. This means that anyone who committed insider trading, securities fraud or any action that helped bring about this collapse should have and MUST GO TO JAIL! This Congress SHOULD HAVE called for a Special Prosecutor who would vigorously go after everyone who created the mess, and anyone else who attempts to scam the public in future. (I like Elliot Spitzer ~ so, he played a little hanky-panky…Wall Street hates him & this is a GOOD thing.)

2. THE RICH SHOULD HAVE PAID FOR THEIR OWN BAILOUT! They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. But there is no way in hell, after forcing family incomes to go down more than ,000 dollars during the Bush years, that working people and the middle class should have to fork over one dime to underwrite the next yacht purchase.

If they truly needed the 0 billion they say they needed, well, here is an easy way they could have raised it:

a) Every couple makeing over a million dollars a year and every single taxpayer who makes over 0,000 a year should pay a 10% surcharge tax for five years. (It’s the Senator Sanders plan. He’s like Colonel Sanders, only he’s out to fry the right chickens.) That means the rich would have still been paying less income tax than when Carter was president. That would have raise a total of 0 billion.

b) Like nearly every other democracy, they should have charged a 0.25% tax on every stock transaction. This would have raised more than 0 billion in a year.

c) Because every stockholder is a patriotic American, stockholders should have forgone receiving a dividend check for ONE quarter and instead this money would have gone the treasury to help pay for the bullsh*t bailout.

d) 25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raised the corporate income tax BACK to the levels of the 1950s, this would give us an extra 0 billion.

All of this combined should have been enough to end the calamity. The rich would have gotten to keep their mansions and their servants and our United States government ("COUNTRY FIRST!") would’ve have a little leftover to repair some roads, bridges and schools…

3. YOU SHOULD HAVE BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME! There are 1.3 million homes in foreclosure right now. That is what is at the heart of this problem. So, instead of giving the money to the banks as a gift, they should have paid down each of these mortgages by 0,000. They should have forced the banks to renegotiate the mortgage so the homeowner could pay on its current value. To insure that this help wouldn’t go to speculators and those who tried to making money by flipping houses, the bailout should have only been for people’s primary residences. And, in return for the 0K pay-down on the existing mortgage, the government would have gotten to share in the holding of the mortgage so it could get some of its money back. Thus, the total initial cost of fixing the mortgage crisis at its roots (instead of with the greedy lenders) is 0 billion, not 0 BILLION.

And let’s set the record straight. People who have defaulted on their mortgages are not "bad risks." They are our fellow Americans, and all they wanted was what we all want: a home to call their own. But, during the Bush years, millions of the People lost the decent paying jobs they had. SIX MILLION fell into poverty! SEVEN MILLION lost their health insurance! And, every one of them saw their real wages go DOWN by ,000! Those who DARE look down on these Americans who got hit with one bad break after another should be ASHAMED.! We are a better, stronger, safer and happier society when all of our citizens can afford to live in a home they own.

4. THERE SHOULD HAVE BEEN A STIPULATION THAT IF YOUR BANK OR COMPANY GOT ANY OF OUR MONEY IN A "BAILOUT," THEN WE OWN YOU. Sorry, that’s how it’s done. If the bank gives me money so I can buy a house, the bank "owns" that house until I pay it all back — with interest. Same deal for Wall Street. Whatever money you need to stay afloat, if our government considers you a safe risk — and necessary for the good of the country — then you can get a loan, but WE SHOULD OWN YOU. If you default, we will sell you. This is how the Swedish government did it and it worked.

5. ALL REGULATIONS SHOULD HAVE BEEN BE RESTORED. THE REAGAN REVOLUTION IS DEAD! This catastrophe happened because we let the fox have the keys to the hen-house. In 1999, Phil Gramm authored a bill to remove all the regulations that governed Wall Street and our banking system. The bill passed and Clinton signed it. Here’s what Sen.Phil Gramm, McCain’s chief economic advisor, said at the bill signing:

"In the 1930s … it was believed that government was the answer. It was believed that stability and growth came from government overriding the functioning of free markets.

"We are here today to repeal [that] because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.

"I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality."

FOR THIS NOT TO REOCCUR, This BILL SHOULD HAVE BEEN REPEALED! Bill Clinton could have helped by leading the effort for the repeal of the Gramm bill and the reinstating of even tougher regulations regarding our financial institutions. And when they were done with that, they should have restored the regulations for the airlines, the inspection of our food, the oil industry, OSHA, and every other entity that affects our daily lives. All oversight provisions for any "bailout" should have had enforcement monies attached to them and criminal penalties for all offenders.

6. IF IT’S TOO BIG TO FAIL, THEN THAT MEANS IT’S TOO BIG TO EXIST! Allowing the creation of these mega-mergers and not enforcing the monopoly and anti-trust laws has allowed a number of financial institutions and corporations to become so large, the very thought of their collapse means an even bigger collapse across the entire economy. No ONE or TWO companies should EVER have this kind of power! The so-called "economic Pearl Harbor" can’t happen when you have hundreds — thousands — of institutions where people have their money. When we have a dozen auto companies, if one goes belly-up, we DON’T FACE A NATIONAL DISASTER! If we have three separately-owned daily newspapers in your town, then one media company can’t call all the shots (I know… What am I thinking?! Who reads a paper anymore? Sure glad all those mergers and buyouts left us with a STRONG and "FREE" press!). Laws Should have been enacted to prevent companies from being so large and dominant that with one slingshot to the eye, the GIANT FALLS and DIES. And no institution should be allowed to set up money schemes that NO ONE understands. If you can’t explain it in two sentences, you shouldn’t be taking anyone’s money!

7. NO EXECUTIVE SHOULD EVER BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF "PARACHUTE" OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY. In 1980, the average American CEO made 45 times what their employees made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now make over 400 times what their average employee makes. How We have allowed this to happen at publicly held companies is beyond reason. In Britain, the average CEO makes 28 times what their average employee makes. In Japan, it’s only 17 times! The last I heard, the CEO of Toyota was living the high life in Tokyo. How does he do it on so little money? Seriously, this is an OUTRAGE! We have created the mess we’re in by letting the people at the top become bloated beyond belief with millions of dollars. THIS HAS TO STOP! Not only should no executive who receives help out of this mess profit from it, but any executive who was in charge of running his company into the ground should be FIRED before the company receives ANY help.

8. CONGRESS SHOULD HAVE STRENGTHENED THE FDIC AND MADE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE’S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES. Obama was correct to propose expanding FDIC protection of people’s savings in their banks to 0,000. But, this same sort of government insurance must be given to our NEVER have to worry about whether or not the money they’ve put away for their old age will be there. This should have meant strict government oversight of companies who manage their employees’ funds — or perhaps it means the companies should have been forced to turn over those funds and their management to the government? People’s private retirement funds must also be protected, but perhaps it’s time to consider not having one’s retirement invested in the casino known as the stock market??? Our government should have a solemn duty to guarantee that no one who grows old in this country has to worry about becoming destitute.

9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY. Turn off your TVs! We are NOT in the Second Great Depression. The sky is NOT falling, Chicken Little! Pundits and politicians have lied to us so FAST and FURIOUS it’s hard not to be affected by all the fear mongering. Even I wrote to and repeated what I heard on the news last week, that the Dow had the biggest one day drop in its history. Well, that was true in terms of points, but its 7% drop came nowhere close to Black Monday in 1987 when the stock market in one day lost 23% of its value. In the ’80s, 3,000 banks closed, but America didn’t go out of business. These institutions have always had their ups and downs and eventually it works out. It has to, because the rich do not like their wealth being disrupted! They have a vested interest in calming things down and getting back into their Jacuzzis before they slip into their million thread-count sheets to drift off to a peaceful, Vodka tonic and Ambien-induced slumber.

As crazy as things are right now, tens of thousands of people got a car loan last week. Thousands went to the bank and got a mortgage to buy a home. Students just back to college found banks more than happy to put them into hock for the next 15 years with a student loan. I was even pre-approved for a USK personal loan. Yes, life has gone on with little-or-no-change (other than the whopping 6.1% umeployment rate, but that happened last month). Not a single person lost any of his/her monies in bank, or a treasury note, or in a CD. And, the perhaps the most amazing thing is that the American public FINALLY didn’t buy the scare campaign. The citizens didn’t blink, instead telling Congress to take that bailout and shove it. THAT was impressive. Why didn’t the population succumb to the fright-filled warnings from their president and his cronies? Well, you can only say ‘Saddam has the bomb’ so many times before the people realize you’re a lying sack of shit. After eight long years, the nation is worn out and simply can’t take it any longer. The WORLD is fed up & I don’t blame them.

10. THEY SHOULD HAVE CREATED A NATIONAL BANK, A "PEOPLE’S BANK." Since they’re really itching to print up a trillion dollars, instead of giving it to a few rich people, why don’t We give it to ourselves? Now that We own Freddie and Fannie, why not set up a People’s bank? One that can provide low-interest loans for all sorts of people who want to own a home, start a small business, go to school, come up with the cure for cancer or create the next great invention. And, now that we own AIG – the country’s largest insurance company – let’s take the next step and PROVIDE HEALTH INSURANCE FOR EVERYONE. MEDICARE FOR ALL! It will SAVE us SO MUCH MONEY in the LONG RUN (not to mention bring peace of mind to all). And, America won’t be 12th on the life expectancy list! We’ll be able to have a longer lifespan, enjoying our government-protected pension and will live to see the day when the corporate criminals who caused this much misery are let out of prison so that We can help re-acclimate them to plain old ordinary, civilian life — a life with ONE nice home and ONE gas-free car invented with help from the People’s Bank.

P.S. Call your Senators NOW !!! —> www.visi.com/juan/congress/

Since they voted against passing the extension of unemployment benefits and skipped out to "campaign" to us to be re-elected…call them and tell them you will vote for the other "guy" if they don’t get their act together!

UPDATE:

The Bailout Is A Truly Evil Disaster And Enabler Pelosi Must Go

We are hearing more and more reports of how badly the ill-advised banker’s bailout is being handled, multi-million dollar bonuses for Paulson’s old cronies at Goldman Sachs, billions going to finance the takeover of rival banks, making the "too big to fail" even bigger, and the taxpayer getting an otherwise rotten deal for their investment. We even heard a Republic senator asking how fast they could blow the money.

NONE of this could have happened without the fawning complicity of Nancy Pelosi, who infamously said it was Bush’s proposal, INSTEAD of coming forward with a robust alternative plan. Just like Bush, she believes she is immune, she believes she is unaccountable, and shame on us if we don’t do everything we can to defeat her this Tuesday, and replace her with Cindy Sheehan.

Here is Cindy’s last TV spot. Please make whatever donation you can to put this ad on the air in these critical final days.

Last Cindy TV Spot Action Page:
www.usalone.com/cindy/donations_tv2.php

There is still time for you to make a real difference. We thank all of our participants who have already donated so generously to make this campaign what it is. For those who cannot make a contribution, please consider helping with the phone banking, and there is a link for that also on the page above.

The one thing we know is that we must continue to speak out. We must continue to challenge. Surrendering is what our current so-called representatives in Congress are so prone to, NOT what we do. Ultimate victory is not only possible, it is assured if we work as hard as we can for real change, not just the rebranding of the same old boys’
network.

And we promise you, immediately after the election we will go right back to work on pure issue advocacy full time, to continue to build the base of action for the future.

Paid for by Cindy Sheehan for Congress

Donations to Cindy Sheehan for Congress are not tax-deductible

Please take action NOW, so we can win all victories that are supposed to be ours, and forward this alert as widely as possible.

If you would like to get alerts like these, you can do so at www.usalone.net/in.htm

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Quite a few Fannie Mae loan mortgage programs are offered that can help individuals buy a house with less than perfect credit. Additionally, Fannie Mae provides programs to assist homeowners facing foreclosure with solutions such as mortgage refinance and loan modification.

Recently added Fannie Mae loan mortgage programs include Hardest Hit Fund and Deed-for Lease. Hardest Hit is offered in 19 states, while Deed-for-Lease is a nationwide program. Individuals can consult with housing counselors through Fannie Mae help centers, as well as working with HUD housing counselors.

Hardest Hit Fund is a federally-funded program aimed toward assisting homeowners experiencing financial hardships caused by underemployment and unemployment. Since eligibility criterion varies by each state where the program is offered, homeowners will need to review requirements before applying for assistance.

Hardest Hit Fund programs haven’t been widely announced, so many people aren’t aware of their existence. Therefore, there is still quite a bit of funding available to people that are in dire straits. For example, Florida Hardest Hit Fund received over $ 400 million in funding, but has only disbursed less than $ 1 million.

Unfortunately, less than half of homeowners that apply for Hardest Hit Fund receive assistance money. Individuals in need of mortgage assistance ought to seek help through HUD housing counseling or Fannie Mae mortgage help centers to discuss this program, along with other available options.

At present, only a few states have Fannie Mae help center locations where homeowners can meet face-to-face with housing counselors. However, homeowners with Fannie Mae mortgages can speak to counselors via phone. Those in need can find help centers and research available Fannie Mae loan mortgage programs at KnowYourOptions.com.

Another foreclosure prevention program that helps people with Fannie Mae loans is Making Home Affordable. This is a government-sponsored program that offers several options to stop foreclosure.

MHA programs include: loan modification, mortgage refinance for first and second lien mortgages, principal reduction, real estate forbearance, deferred payments, and foreclosure alternatives of deed in lieu and short sales.

Service members may qualify for Fannie Mae’s special military forbearance. This type of arrangement lets homeowners receive a temporary reduction or suspension of mortgage installments. Forbearance plans normally offer reduced or suspended payments for a maximum of 180 days. However, qualified service members might be able to obtain an additional 180 days extension.

The Deed-for-Lease program is a relatively new option offered by Fannie Mae. Qualified homeowners give their house back to the bank using a deed in lieu of foreclosure agreement.

When banks provide deed-in-lieu, homeowners are normally required to immediately vacate the premises. However, under the Deed-for-Lease program, homeowners are allowed to lease their house from the bank for 12 months or longer.

A good program for individuals and real estate investors that want to buy a house is Fannie Mae Homepath. This program was originated to liquidate Fannie Mae’s expansive foreclosure portfolio by offering residential foreclosure homes at discounted prices.

People that purchase Fannie Mae Homepath properties can apply for financing through Homepath Mortgage. These loans offer special incentives including low interest rates and minimal down payments.

Whether you’re looking to buy affordable housing, investment real estate, or obtain reduced mortgage payments consider looking into Fannie Mae loan mortgage programs. Doing so could potentially shave thousands off of housing costs and help you save your house from becoming another foreclosure statistic.

California real estate investor, Simon Volkov offers insights about how to get the most out of Fannie Mae loan mortgage programs and shares details of other available foreclosure prevention and first time home buyer programs at www.SimonVolkov.com.

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Suggestions To Applying For Maternity Leave

North Woolwich’s Second Abandoned Station
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North Woolwich is unusual in having not one abandoned station, but two. The original, a rather grand building in the Italianate style, was opened by the Eastern Counties Railway in 1847 and served a ferry linking to the busy dockyard town of Woolwich on the opposite bank (although the name North Woolwich might appear to be a railway invention, it was actually the correct geographic name for this location as a historic quick meant that this small enclave on the north side of the Thames was part of the Borough of Woolwich in the administrative County of Kent – an anomaly that persisted until the creation of Greater London on 1st April 1965 when North Woolwich was incorporated into the new London Borough of Newham).

The station prospered, especially with the construction of the Royal Docks between 1855 and 1921 and the lack of any real competition from road transport. However this changed with the construction of the new Silvertown Way in the 1930s, part of a Government Scheme to reduce unemployment by funding transport infrastructure schemes; not least because London Transport decided that the trolleybuses which replacing trams in East London would be extended along the new road, from Canning Town to Silvertown and North Woolwich. After the Second World War the Docks went into decline, and so did the train service – by 1978 it had been reduced to a shuttle from Stratford, and looked set for closure.

The Greater London Council instead set about reviving the line. In May 1979 the service was extended to Camden Road, with new stations at Hackney Central and Hackney Wick (opened 1980); existing stations were given new, and very basic, facilities; this included North Woolwich which had a new building added to the side. All this was a pre-cursor to electrification in May 1985, which saw the service incorporated into the North London Line with trains running from North Woolwich to Richmond. In the meantime the old Station building at North Woolwich was refurbished and opened by Newham Council as a local Railway Museum.

It was the development of other railways in the area which finally killed off the North Woolwich Line. The Beckton line of the Docklands Light Railway opened in March 1994 and the Jubilkee Line was extended to Canning Town and Stratford in 1999, but it was the coming of the line to King George V in December 2005 (since extended to Woolwich Arsenal) that finally rendered the old line redundant; services between Stratford and North Woolwich were withdrawn after 9th December the following year. Since then the route between Stratford and Canning Town has been reused by the Stratford International branch of the DLR (opened August 2011). The section between Custom House and North Woolwich is being incorporated into the Abbey Wood branch of Crossrail, due to open in 2018; however as the line has to tunnel under the Thames a portal is being built to the west of here, so its is unlikely that a train will ever run into this station again.

Apart from Australia, the U.S. is the sole developed country that makes no provision for paid maternity leave, with regard to moms-to-be, nationwide. Based on a report of 168 countries, undertaken by Harvard University, 163 countries had certain provisions for paid maternity leave. Therefore, the U.S. is in the same league as New Guinea, Lesotho, Swaziland, and Papua with regard to making available paid leave for expectant women.

It is simply beyond anyone’s comprehension, as to why such a situation exists, even though professionals and renowned professors declare that the differing objectives of American and European feminist movement could possibly have had a say in the absence of this benefit – paid maternity leave with reference to expectant women in America.

Early women rights activists in Europe laid stress on meting out special privileges for moms, also highlighting maternity leave. On the other hand, in America, the early women rights activists did not attach much importance to motherhood, and instead stressed equal rights for the female sex without any special privileges extended.

In the U.S., there have been concerted efforts to
initiate the process of providing for paid maternity leave. The Clinton administration desired that states should utilize the unemployment fund to make available paid maternity leave. However, resistance from various business interests caused the Bush administrations to summarily reject this scheme. Business groups contended that it would require them to raise their levels of contributions towards the state unemployment funds.

California, in the year 2004, launched a family leave plan (indicating either maternity or paternity leave) which provides about fifty percent pay for a period of six weeks. A fund created by the employees and not the employers, helped finance this plan.

At present, there are 5 states – Hawaii, California, New York, Rhode Island and New Jersey – which have initiated temporary disability programs whereby employers are required to pay benefits in case the pregnancy is referred to by a doctor as a disability.
Nearly all the states permit a woman to avail of unpaid maternity leave. A woman can be eligible for unpaid leave in case:

1. She is employed by the federal government, the state, or the local government, or by any business, which has a workforce of fifty or more operating inside seventy-five miles of her place of work.

2. She has been working with her present employer for a minimum of twelve months and has put in a minimum of 1,250 hours in the past year (which is an average of twenty-five hours every week for approximately fifty weeks).

You may not be able to retain your job in the company in case you fall into the top salaried ten percent of pay earners in the company and if it is proved by your employer that your nonattendance would produce considerable financial damage to the organization.

You can utilize you unpaid maternity leave in any which way you desire during the course of your pregnancy and right up to one year following the birth of your child. This denotes that you can use your leave at one go or distribute it over your baby’s initial year by cutting down on your regular daily or weekly work load, in case your employer gives his consent.

Federal procedures mandate that you apply for leave a good thirty days before you avail of it. However, it would be best if you kept your employer apprised of the fact that you are pregnant well in advance.

Abhishek has seen many childbirths in his huge family! Visit www.Childbirth-Guru.com and Download Abhishek’s FREE Report “How To Dress And Look Your Best During Pregnancy!”. If you are an expecting mother, or have just delivered, you can get some very valuable information about Pregnancy and Childbirth. But hurry, only limited Free copies available! www.Childbirth-Guru.com

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Entrepreneur educational seminars held for the benefit of the people by us

BarcelonA – AnarquistA *
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BarcelonA – AnarquistA *
Photo-Report – March 2014
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Barcelona – Arte Rebelde *
Photo-Report – March 2014
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Wolfgang Sterneck:
In the Cracks of the World
Photo-Reports:
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Articles (german / english) :
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JO TAMBÉ ESTAVA AL PARLAMENT… I HO TORNARIA A FER

El dia 31 de març comença el judici contra les 20 persones imputades per l’intent de bloqueig del Parlament del 15 de Juny del 2011. Aquell dia s’anaven a iniciar el tràmits per aprovar els pressupostos amb el primer paquet de retallades a Catalunya, que va propiciar el tancament d’empreses públiques, la privatització de la sanitat, les retallades al sector de la cultura, educació, etc.

La mobilització “Aturem el Parlament” va succeir dues setmanes després del brutal desallotjament de la Plaça Catalunya a mans dels antidisturbis dels Mossos d’Esquadra a les ordres del que era conseller d’Interior i ara ho és d’Empresa i Ocupació, Felip Puig. També responsable del dispositiu policial que va disparar contra l’ull d’Esther Quintana.

La criminalització per part de la premsa subvencionada pel Govern i l’escalada repressiva que va venir després (judicis contra persones que volien impedir un desnonament al Clot, nombroses detencions a les vagues generals, multes absurdes per les persones que es manifestaven o per enganxar cartells, etc), va ser i és encara, una resposta planejada per procurar frenar l’augment de la indignació i de la força de les protestes populars contra el poder polític, econòmic i altres injustícies quotidianes, com el patriarcat i el racisme.

Durant aquells dies, la gent es va organitzar arreu per construir política des del carrer, com moltes seguim fent. La política que volem és assembleària, horitzontal, autogestionada, sense representants, és del poble i per al poble, i xoca amb la política institucional que ens governa. La qual ha estat protagonista d’un espiral de corrupció i de tenir llaços, sovint familiars o personals, amb grans empreses privades que reben encàrrecs d’obres públiques i amb els peixos grossos del poder financer.

Aquell dia érem milers de persones les que vam anar a intentar aturar el Parlament, per combatre el drama de tantes vides immerses en la misèria, els acomiadaments per les retallades, els suïcidis pels desnonaments, etc. Perquè moltes d’aquestes barbàries s’aproven dins dels murs d’aquest edifici. Per aquest motiu estàvem assenyalant els culpables el 15 de Juny de 2011 i per això mateix, ho tornaríem a fer sense por, perquè legitimem la nostra actuació, i perquè si la gent del carrer, a qui ens afecta tot això, no lluitem, ningú altre ho farà per nosaltres.

Sabem i tenim clar que aquest és un judici polític, una farsa per atemorir a aquelles que decideixen plantar cara i actuar contra els responsables de tanta precarietat. De fet, ens reafirmem al comprovar que l’acció directa contra els poderosos i generar alternatives de vida els molesta, i molt. Per això, i perquè som conscients del poder que podem tenir quan ens organitzem, no ens volem doblegar davant les seves intimidacions i fem una crida a estendre la solidaritat a aquells i aquelles que pateixen la repressió i la violència quotidiana d’aquest sistema econòmic, en les seves infinitats de formes.

Convoquem manifestació el dia 29 de març a Barcelona a les 18:30 a Plaça Catalunya.

SOLIDARITAT AMB TOTES LES REPRESALIADES I AMB AQUELLES QUE LLUITEN!!

La propera vegada que agafin un helicòpter, que sigui per marxar ben lluny i no tornar a molestar!

encausadesparlament.wordpress.com

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I was at the Catalan Parliament too…
and I would do it again

On March 31st the court case against the 20 people who are charged with an attempt to block the Catalan Paliament on June 15th 2012 will begin. That day in June, the process of implementing the first round of budget cuts in Catalonia began. Cuts that involved closing public companies, the privatization of health care,as well as cuts in the area of culture, education, etc.

The mobilization “Aturem el Parlament” (“Paralize the Parliament”), took place two weeks after the brutal eviction of Plaza Catalunya (Barcelona), by the riot police Mossos d´Esquadra under the command of Felip Puig. He was the minister of the Interior at that time and is currently the minister of companies and labour. He was also responsible for the police operation that shot Esther Quintana in the eye.

The criminalization by the media (that is funded by the state) and the increase of repression which followed (court cases against people trying to prevent an eviction in the neighbourhood of el Clot, many detentions during the general strikes, absurd fees for people protesting or hanging banners with tape etc), was, and still is, a planned response to try to stop the rise of outrage and the strength of popular demostrations against economic and political power, and other daily injustices (such as patriarchy and racism).

During those days, people organized themselves all over to build and create politics from the streets, as many of us continue to do. The politics we want are based in assemblies, horizontal, self-organized, without leaders; they belong to the people and they are for the people, and clash with the institutional politics which govern us. The same institutional politics and their protagonists are creating a corruption spiral and have relationships, mostly family-based, with private companies (that receive contracts for public constructions) and with high-up people with economic power.

That day we were thousands of people trying to paralyze the Catalan Parliament in order to fight the drama of so many lives embedded in misery, the layoffs due to the cuts, the suicides due to evictions, etc. Because many of these atrocities are approved behind the walls of that building. This is the reason that we were pointing out the guilty ones that 25 of June 2012, and because of this, we would to it again without fear. Because we legitimize our action, and because if we, the people from the street -whom are the most affected-, don´t fight, nobody will do it for us.

We know that this is a political court case, a farce to scare those who decide to stand up and take action against thoseresponsibleforall this precariousness. In fact, we reaffirm our ideals and actions after proving that direct action and the creation of alternatives of life bothers them, a lot. Because of this, and because we are aware of the power we can have when we are organized, we don´t want to bow down to their intimidation. We call for a spread of solidarity for all the ones who suffer daily repression and violence within this economic system, in its infinite shapes.

SOLIDARITY WITH ALL THE REPRESSED AND THOSE WHO FIGHT!!

The next time that they take an helicopter, it should be to go far away, and not come back to bother us.

———-

Repression in Spain. A call for international solidarity

During the last three years Spanish society has witnessed a period of intense social protests against austerity, corruption, unemployment and so on. As in other times in history, the greater and more radicalised the protest the bigger the repression that the state organises against it. Since the general strike in September 2010, a common trend of this repression strategy is been a kind of ‘laissez faire’ in the streets but followed by ´selective´ detentions months later. Police have been literally knocking doors down of those who continuously take part in different actions and demonstrations, and consequently dozens of people have been arrested.

On June the 15th 2011, ten thousand people surrounded the Catalan parliament in Barcelona. That day the government wanted to approve a vast austerity cut in health and education, and the idea was to block politicians from getting into the building. “Inexplicably” the police did not protect some politicians, which caused direct confrontation with protesters, and of course that fact was used by the media as an example of violence against democracy. After that, people were violently dispersed, and the MPs could do their job.

On October the 4th 2011, 22 people were arrested in their homes. They have been accused of a crime against the state, using a law designed for coup leaders and that had never been used before in Spain. They now face a penalty of up to 8 years in jail, whereas some of them have been also accused of different crimes related to other demonstrations. The trial will start in March the 31st 2014 and it is expected to last four days.

There will be a national day of solidarity in Spain on March the 29th with demonstrations in several cities. So we also call for international solidarity.

You can call, email or block different Spanish embassies or institutions. Or you can do whatever you consider appropriate…

“That day we tried to block the Catalan parliament to combat the drama of many lives immersed in poverty, layoffs by cuts, suicides by evictions, etc. Because many of these atrocities are approved behind the walls of that building. We were pointing at the guilty, and because of that we would do it again without fear. We know this is a political trial, a farce to scare those who choose to stand up and take action against those responsible for such precarious living conditions. In fact, we reaffirm it to find that both direct action against the powerful and generate alternative lives bothers them a lot. For this reason, and because we understand the power that we can have as we organise ourselves, we do not want to bow to their intimidation and we make a call to extend solidarity to those suffering the daily repression and violence of this economic system, in its myriad forms”.

encausadesparlament.wordpress.com/manifest-suport/manifes…

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Many type of education are introduced in these days that provide us a lot of benefit and make our future, some education are very necessary for improvement and build the personality of ourselves. Now in these days lot of educational courses are available in the market, every subject has its own specializations courses. Entrepreneur Education are also very famous in these days, this education will be too much beneficial for us.

Entrepreneur Education is basically a new kind of education, but this education is too much beneficial for the persons to their future. Now in these due to over population and unemployment many type of education are not making a progress, due to this type of reason many business are going to deficit budget. A large number of businesses a going the deficit due to lake of business information and have the less knowledge about this field. Wrong choice of business is also the big reasons to flops the business.

We also teach the subject of Entrepreneur Education and large number of student gets the benefits from this type of educational program. Basically this education develop the ability in the people to create the idea of the business that you start in the future, second step is collect all the data from the market related to their idea this information help the people in future that how handle his business, if the collected data is wrong then, the business to making a progress and flops.

Many type of education are introduced in these days that provide us a lot of benefit and make our future, some education are very necessary for improvement and build the personality of ourselves. Now in these days lot of educational courses are available in the market, every subject has its own specializations courses. Entrepreneur Education are also very famous in these days, this education will be too much beneficial for us.

Entrepreneur Education is basically a new kind of education, but this education is too much beneficial for the persons to their future. Now in these due to over population and unemployment many type of education are not making a progress, due to this type of reason many business are going to deficit budget. A large number of businesses a going the deficit due to lake of business information and have the less knowledge about this field. Wrong choice of business is also the big reasons to flops the business.

We also teach the subject of Entrepreneur Education and large number of student gets the benefits from this type of educational program. Basically this education develop the ability in the people to create the idea of the business that you start in the future, second step is collect all the data from the market related to their idea this information help the people in future that how handle his business, if the collected data is wrong then, the business to making a progress and flops.

Our institute of this education is one of the best institute of the city many students get the benefits from our school. One of the best specialties of our institute is our staff, all the staff is well educated and has too much experience about this field. These teachers create the ability that how to develop the idea of the any type of business, that is too much beneficial for them.

Entrepreneur Seminar are also held by many institute, that show the many better affect and motivate the people to get the knowledge of this education. This education makes the life and develops the business of the persons.

We also held the Entrepreneur Seminar; our seminars are too much different from the other seminars those are held by other institute. Our seminars are full of information related to this and many time times we get the awarded from the government. Our institute gives the different type of education packages that is very affordable for the customers. The big reasons of the low price education plans, that our main motto is not to earn just money, but provide the high quality education facility to the people. If you want more information about us, then you must visit our website. http://roguecfoblueprints.com/Fund-Your-Startup-eBook-FYS-eBook.htm These teachers create the ability that how to develop the idea of the any type of business, that is too much beneficial for them.

Entrepreneur Seminar are also held by many institute, that show the many better affect and motivate the people to get the knowledge of this education. This education makes the life and develops the business of the persons.

We also held the Entrepreneur Seminar; our seminars are too much different from the other seminars those are held by other institute. Our seminars are full of information related to this and many time times we get the awarded from the government. Our institute gives the different type of education packages that is very affordable for the customers. The big reasons of the low price education plans, that our main motto is not to earn just money, but provide the high quality education facility to the people. If you want more information about us, then you must visit our website. http://roguecfoblueprints.com/Fund-Your-Startup-eBook-FYS-eBook.htm

Now in these days lot of educational courses are available in the market, every subject has its own specializations courses. Entrepreneur Education are also very famous in these days, this education will be too much beneficial for us.

We also held the Entrepreneur Seminar; our seminars are too much different from the other seminars those are held by other institute. Our seminars are full of information related to this and many time times we get the awarded from the government.

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Restoring Business Confidence

Hard times at the bottom of the Bush economy
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Image by Renegade98
From a tent city in Reno to a drug dealer’s block in Detroit, I saw how Republican rule has hit those living on the American fringe.

By Dan Hoyle

Oct. 13, 2008 |

The Flying J Truck Stop outside of Jerome, Idaho, has some of the cheapest gas in the area, so on a Tuesday afternoon in late September, vehicles were lined up at its 16 pumps. For Rickie S., this would normally mean brisk business — he’s been an itinerant polisher of semitrailer wheels and hubcaps for the past 26 years. He doesn’t have a résumé or calling card but insists his work is world-class. “Get on a CB and ask about Rickie — I’m known coast to coast,” he says. But lately the truckers, who have been crunched by high gas prices for months, have been reluctant to hire Rickie even for a few bucks to buff and shine their rigs.

Business has gotten so bad that Rickie, who is 50 years old, has decided to abandon his trade.

“I’m done. I just threw away my rags, all my polish. You can’t make any money doing that anymore,” he says, taking a seat on his Army duffel bag and pushing back his Conway trucker’s mesh cap. He glances at the dirt caking the rims of my van, accumulated over 11,000 miles of traversing the country since June, and shares his story of economic blues. “I’ve got three blankets, two dollars, one beer and a 50 percent chance of survival,” he says. “This economy is bad, man! And guess what? The buck stops here.”

With the American financial system in crisis, politicians in both parties have taken every opportunity to denounce the corporate pirates of Wall Street and sound off on behalf of the anxious working majority. But far off embattled Main Street is another troubling picture of the nation’s economic swoon, where the working poor and lifelong scrappers struggle to keep from sliding onto Skid Row. For those on the bottom rung of the economic ladder, the current crisis is in a sense a mere aggravation of years of hard times. But for some it has turned particularly harsh.

According to the U.S. Census Bureau and the Bureau of Labor statistics, the national poverty rate increased from a record low of 11.3 percent in 2000 to 12.5 percent in 2007 — an increase of approximately 5.8 million Americans living below the poverty line. “In George W. Bush’s presidency, there’s been an almost total absence of benefits of growth trickling down to the middle class, much less to those at the bottom,” says Jared Bernstein, an economist with the left-leaning Economic Policy Institute, whose extensive writing on the working poor includes the book "The State of Working America." The nation’s unemployment rate has risen from 4 percent in 2000 to 6.1 percent at present. Bush’s economic policy has been marked by tax cuts largely beneficial to the wealthy, while federal funding for many programs helping low-income people has not kept pace with inflation.

Traveling around the country for three months this summer and fall, I found abundant evidence of an economy under strain. At the truck stop in Idaho, amid overgrown lots in run-down Detroit, at idle slot machines and in a dusty tent city in Nevada, I met people struggling to survive on the fringes of the faltering economy. Many were suspicious of a journalist’s inquiries and wary of divulging personal information (including their last names). But they were outspoken about the way economic hardship has hit home in recent months.

In Jackpot, Nev., a casino town of 1,416 people, Olivia A., 38, waits tables at Barton’s Club 93 Casino. She is a lot less busy these days, even with the prime rib special dinner on a recent Monday going for the tantalizing price of .98. The casino is not empty — there are still a few older women pulling on long, thin cigarettes and feeding slots with names such as Winning Times and Stinkin’ Rich — but Olivia says business is way down. As a result, her hours have been cut. A mother of three, she never expected to be struggling so hard to pay the bills when she left her job as an accountant in Mexico more than a decade ago to come to the U.S. with her husband. Leaving a middle-class job in Mexico was difficult, yet worth a better life for her children, she had thought.

But lately, every day seems less of an improvement over her previous life in Mexico. “Sometimes, I think about going back,” she says. “the only reason I’m here is for my kids. Back home I was a professional. I had a completely different life.”

The severity of the downturn can also be seen beyond the legal edges of the economy. On a recent Sunday afternoon on Jefferson Avenue, in Detroit’s notorious East Jefferson neighborhood, Joe, 37, is dressed in street-business casual: a white Adidas T-shirt, gray stonewashed jeans, white Adidas sneakers and a black do-rag. But the tattered state of his attire is a telltale sign that sales are down at his corner drug business, where he waits anxiously for today’s payday to come from across Alter Road. Three blocks to the north, the boarded-up storefronts and treeless sidewalks here give way to a leafy, boutique-strewn lane of Jefferson Avenue in Grosse Pointe, the wealthy suburb that is home to many of the top engineers and executives of the American auto industry. They have been some of Joe’s most profitable customers over the years. “When a white person come across Alter Road, they might spend 0 at a time,” explains Joe, “whereas round here, people only looking for dimes and nicks [ and bags].”

Over the past year, Joe’s big buyers from the suburbs have been cutting back. Like everyone else in the Motor City, Joe has felt the impact of losses at Ford, General Motors and Chrysler. “As goes the Big Three, so go Detroit, and I mean everybody,” says Joe. He grew up on welfare, and admits to being “knee deep in the drug game” since he was 15 years old, but he complains that he is even less shielded from the economic crisis as a part of the illegal and informal economy. He says he has been struggling to make child support payments for two kids. “At least the autoworkers get memberships to Sam’s Club and Costco. We have to buy our Pampers at the corner store for !”

Detroit has the highest poverty rate of any American city at 33.8 percent, with many blocks boasting only a lone house surrounded by fields of overgrown weeds. Watching the cars pass by, Joe eyes a yellow BMW. “Right there! That dude spent about 0 last week right here on this corner,” he declares. “But he didn’t come round last weekend like he normally do. You know he’s thinking, ‘I can’t be blowing money now. I might lose my job.’”

Economists across the board agree that this decade has been nothing like the 1990s, which saw sustained, healthy economic growth at most levels. Still, Rea S. Hederman Jr., an economist at the conservative Heritage Foundation, seeks to paint a less bleak picture when it comes to the plight of the working class. He notes that consumption inequality has increased far more slowly than income inequality, as more and more people at the bottom of the economic ladder own cellphones, dishwashers and microwaves. Hederman, preferring the term “pro-growth” to “trickle down” economics, also points to a long streak of positive job growth numbers from August 2003 to January 2008.

But with regard to those numbers, Bernstein, of the Economic Policy Institute, says that the period from March 2001 to December 2007 was “the worst business cycle on record for job growth, and you won’t find an economist to disagree with that," with jobs growing at just 0.7 percent annually, well below the 2 percent annual average. Put another way, in the 1990s, 21 million jobs were created, according to the Bureau of Labor Statistics, while in this decade only between 5 and 7 million jobs have been created, according to various estimates. (The decade isn’t over yet, but few economists are likely to be predicting a bonanza of job creation in the two years remaining.)

A stark picture of what it means to be down and out these days has cropped up just four blocks from the towering casino hotels of downtown Reno. After a local homeless shelter reached overflow capacity this spring, people began pitching tents in the dirt of an open lot; a tent city of more than 50 structures has since sprung up. On a warm late September afternoon, I weaved my way around people’s makeshift homes, some adorned with T-shirts featuring arty designs, others guarded by plastic animal lawn ornaments. People’s stories were a potent mixture of misfortune, bad decisions and dwindling opportunities.

In recent times, Bill Rosenbaum, 48, was installing carpet for new subdivision homes in Southern California and Arizona, traveling so much that he found it easier to stay in hotels. Then his van blew out and the home foreclosure crisis crippled the market for new carpet installation — and he was homeless for the first time in his life. He recently found a day job picking up pine cones for a rancher outside town. He hopes to save enough money to buy a new van and start his business back up.

Tammy Tyra, 47, of Seymour, Texas, was a trucker for the Landstar Carrier Group until last November, when she started having seizures. Diagnosed with epilepsy, she was forced to quit. Unable to find a new job, she eventually found her way to the tent city in Reno. She put her goal in simple terms: “I want to get me a freakin’ job!”

Alden Collins, 56, lost his job when he refused to take a pay cut from to an hour at a restaurant in Lake Tahoe. As he told his story, it quickly devolved into a song. (His friends nearby noted that he had been off his medication recently.) Nashing his teeth between notes, and banging his foot in the dirt to keep time, he sang, “Trying to go to work/ yeah yeah yeah/ but workin’ in the dirt just don’t work for me.”

Many of the people at the tent city suffered from mental health issues, and as social programs have been cut, they have less access to services. Those at the bottom have suffered in multiple ways, Bernstein says. “They’ve been hit on two sides. The markets are letting them down, and our government is letting them down.”

Debbie Weinstein, executive director of the Coalition on Human Needs, a Washington-based advocacy group for low-income people, says that “there’s been a great deal of shrinkage of a bunch of different kinds of services.” The organization has tracked 97 federally funded programs during Bush’s second term in office; according to data from Weinstein, federal funding for all but 13 of the 97 programs failed to keep up with inflation. Funding for major initiatives such as the Center for Mental Health, Adult job Training and Homeless Assistance Grants (which have budgets in the hundreds of millions of dollars), was down between 8 and 17 percent in inflation-adjusted dollars from 2004 to 2008.

According to both Bernstein and Hederman, those at the bottom usually receive less attention in times of economic crisis. They are a politically insignificant group compared to the broad American middle class, and expressing support in policy terms for the poor, who are often seen as lazy recipients of the un-American handout, can be risky for a politician in a close election. “The poor have been pretty invisible on the political stage,” Bernstein says. “It’s usually only in boom times that we look at those issues closely, and people debate if there are policy failures or they are just lazy bums.”

“I’d like to think people are more sympathetic in terms of volunteerism and charitable contributions," Hederman says. But a bad economy can get in the way, he says. "People are also looking to save in case things get worse.”

Setting aside any moral imperatives to aid the working class and poor, it’s evident that the relative health of this population tells us something about the state of the country.

At the truck stop outside Jerome, Idaho, Rickie speaks of two decades as a troubled but hard-working independent contractor to truckers across the country. On a good day he said he could make 0 to 0 polishing rigs; lately, he was lucky to make to . He expresses sharp frustration with the truckers, many of whom were loyal customers for years. “I feel like getting on that CB radio and saying, ‘Y’all are the sorriest motherfuckers I know, driving around the country with dirty wheels and dirty trucks. You gotta have some pride in your ride!’”

He cocks his head and watches a 18-wheeler with dirty rims easing out into traffic. “But people just don’t have any money for that anymore," he adds. "I know.”

— By Dan Hoyle
SALON.COM
www.salon.com/news/feature/2008/10/13/bottom_of_Bush_econ/

Our country is facing a number of problems right now. Unemployment has continued to be high. We have huge deficits for as far as the eye can see. Our nation debt is around $ 14 trillion and growing. Our politicians in Washington have been more focused on the expansion of government services, and regulating businesses, than understanding what it takes to stimulate our economy. Some seem to believe that any dollar spent is stimulative by nature. But not every dollar is spent equally. Dollars spent by the government is only reshuffling the deck. Dollars spent by consumers help businesses to grow. And dollars spent by businesses is what creates jobs and wealth in our country. And what is the best way to grow our economy? By creating a positive business atmosphere where businesses look for opportunities to create jobs and create wealth.

The business community has been sitting on the sidelines, and it’s contributing to a sluggish economy. The economy and the markets do not like uncertainty, and they have been faced with nothing BUT uncertainty lately. The good news is that several things have happened recently that should help give the US economy a kick start.

1 – Tax Rates
Business like certainty, and predictability. Businesses have been faced with potential raising tax rates. If Congress had allowed tax rates on the “rich” to expire, then half of all profits from small businesses would have been effected by the higher tax rates. Critics like to explain that the higher tax rates will only effect a small number of small businesses. But this is incredibly misleading. Most small businesses are VERY small, and do not provide employment opportunities, or make enough money to be effected by the higher tax rates. Think of piano teachers, independent carpenters, Mary Kay consultants, local musicians, or the attorney down the street working out of her house. These are the people who make up the majority of small businesses. And while they’re very important to our communities, they’re not the job creators. It’s the “bigger” small businesses that create the jobs, and make enough money to be effected by the higher tax rates.

Do you want these small businesses to create jobs, or do you want them to be strangled with regulations and economic fear? Is it more important for these businesses to create jobs so that people can get off unemployment, or to pay more taxes so that we can keep more people on unemployment? Despite what some critics would like you to believe, keeping these tax rates consistent will be good for the economy, and good for job creation.

2 – The Omnibus Spending Bill
One of my biggest disappointments with the current Congress is that they haven’t even attempted to pass a budget for 2011 until now. We are already a couple months into the 2011 fiscal year, and all they’ve done is passed continuing resolutions to keep the government funded. This last week in the Senate, Harry Reid introduced a spending bill to fund the government for 2011 loaded with billions in earmarks from both political parties. The document was nearly 2,000 pages, and Reid was pushing for a quick decision from the Senate to pass the bill. It’s a good sign that the bill has been pulled. Maybe politicians are finally understanding that we can’t keep spending money we don’t have. And that the American people are fed up with business as usual in Washington.

Investor’s Business Daily explained it this way: “The lump of coal in our Christmas stocking that was the omnibus spending bill is dead. The Congress the people elected, not the one they repudiated, can now guard the public purse, not pick our pockets. The failure to pass a budget or any of 12 appropriations bills despite full control of both houses of Congress led to this paroxysm of spending, a $ 1.27 trillion bill full of earmarks that represented the antithesis to the type of government voters on Nov. 2 said they wanted. Those voices evidently were still being heard, particularly by the 23 Democratic and independent senators up for re-election in 2012.”

Families have to be fiscally responsible. Business have to be fiscally responsible. If the federal government doesn’t get its fiscal house in order, fear and uncertainty will continue to dominate the business mindset. The fact that this bill was pulled will be seen as a positive by the business world.

3 – Business Friendly Environment
For the last two years, rightly or wrongly, the business community has viewed the White House and Congress as anti-business. From new health care legislation that imposes new costs and responsibilities on businesses, to new financial regulations that impose new burdens on the financial community, Congress and the White House have pushed for priorities that are not viewed as pro-business, or pro-economy. The business community wants to be optimistic about the future. Seeing the first signs from the White House that they’re willing to consider a more pro-business approach will be seen very positively by the business community at large.

If Congress can continue to focus on tackling out of control spending, deficits, and the national debt, we should see some resurgence in our struggling economy. If President Obama and the White House continues to move to the center and work with business leaders, confidence should return. And hopefully we’ll put our small businesses in a position to grow, create wealth, and create jobs.

Lee Eldridge has been involved in marketing for more than 20 years. He’s the co-owner of the promotional items company Snap Promotions out of Lawrence, Kansas. As a custom marketing products specialist Eldridge is known as an innovative leader within the promotional products industry. Lee writes for his company’s blog as well as Love Promos.

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How to Get Started with Online Investing

Inside/outside the EP: looking at the agenda & looking at the snow
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Image by European Parliament
Plenary 13-16 February: employment, food aid and Syria

MEPs will during the February plenary session debate how to boost employment, especially among the young, vote on a food aid scheme for European citizens in need, and discuss the situation in Syria. Other topics include EP priorities for the European Council on 1-2 March, the upcoming elections in Russia and political developments in Hungary. In addition there will be a debate with Italy’s Prime Minister Mario Monti on Wednesday at 1500h CET.

One of the main issues during the plenary from 13-16 February will be how to tackle youth unemployment, which has reached an unprecedented level in Europe due to the economic crisis. On Monday MEPs will ask the Commission about its plan to use up to €82 billion in EU structural funds not yet allocated to specific projects to help small firms and combat youth unemployment. The Parliament will also vote on three resolutions on Wednesday calling for more efforts on growth, employment and poverty.

www.europarl.europa.eu/news/en/headlines/content/20120203…

© European Union 2012 EP/Pietro Naj-Oleari

Many people find it difficult to shake off the notion that if they’re not wealthy, they don’t need to do any financial planning. Stock market volatility, inflation, changing interest rates, unemployment, illness, and hard times are part of life.

To do no financial planning or to let others (your spouse, employer, broker, or financial advisor) do all your planning is to flirt with disaster. Remember that no one cares more about your financial well-being than you do.

The Internet makes financial planning easier than ever before. The Web has hundreds of online worksheets, calculators, and other tools that can easily put you on the right track. I will shows how you can start maximizing your personal wealth by:

#1 Analyzing your current financial position: After all, you can’t get to your financial finish line if you don’t know your starting point. The Internet provides many online net-worth worksheets and calculators to make this task easier.

#2 Finding out where your cash is going each month: Your financial wellbeing doesn’t depend on how much you make; it depends on how much you spend. If you don’t know how much you’re spending, the Internet can help you gain an understanding of your spending habits and assist you in creating a budget you can live with.

#3 Deciding your financial objectives: Do you want to purchase a house in five years or to retire early? The Internet can help you achieve your goal by helping you develop a workable plan.

#4 Building your financial base so that you can start accumulating real wealth: This approach to investing offers a diversified system that provides financial growth and protection. Discover how you can build a financial base to maximize your personal wealth.

Saving and investing are different, although savings are often the source of funds for investing. Savings are a set level of funds that you put aside regularly, usually at a low interest rate. You can easily access savings, and often they’re insured by a financial institution.

Investment funds are the funds that you don’t have earmarked for the rent, groceries, taxes, and so on. You place these funds in securities that can increase or decrease in value. They may earn interest or dividends, but you have no guarantee of increased value or future income. (Investment funds should be free of any obligations. Good examples of investment fund sources are inheritances, gifts, and disposable income.)

The beginning of personal wealth is the accumulation of capital that you can use for investing. This capital often begins with savings and expands into other types of more profitable investments.

Savings are the beginning of your capital accumulation. Families need a regular savings program that’s between 5 and 10 percent of take-home pay per month. Some people even manage to put away 15 percent. Getting into a regular rhythm with saving is important.

Additionally, individuals and families need emergency funds. Folks with fluctuating income, few job benefits, and little job security may need to have a larger emergency fund. Families with two wage earners may need a smaller emergency fund.

A general rule is to have three to six months of take-home pay in a savings account (or a near-cash account similar to a market fund with check-writing privileges) for emergencies. If you don’t have an emergency fund, you need to increase your savings.

Payroll deduction plans that divert funds into a savings account or money market fund are often the most painless way to achieve the best results. On the other hand, if you’ve been saving a surplus, you may want to consider using these funds for investing.

Adrien Brody (http://forex-trading-tutorial.com) is a full-time investor. He has been researching investment strategies and make his own living. You can learn more about his techniques at http://forex-trading-tutorial.com.

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Wolfgang Sterneck:
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Photo-Reports:
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Articles (german / english) :
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JO TAMBÉ ESTAVA AL PARLAMENT… I HO TORNARIA A FER

El dia 31 de març comença el judici contra les 20 persones imputades per l’intent de bloqueig del Parlament del 15 de Juny del 2011. Aquell dia s’anaven a iniciar el tràmits per aprovar els pressupostos amb el primer paquet de retallades a Catalunya, que va propiciar el tancament d’empreses públiques, la privatització de la sanitat, les retallades al sector de la cultura, educació, etc.

La mobilització “Aturem el Parlament” va succeir dues setmanes després del brutal desallotjament de la Plaça Catalunya a mans dels antidisturbis dels Mossos d’Esquadra a les ordres del que era conseller d’Interior i ara ho és d’Empresa i Ocupació, Felip Puig. També responsable del dispositiu policial que va disparar contra l’ull d’Esther Quintana.

La criminalització per part de la premsa subvencionada pel Govern i l’escalada repressiva que va venir després (judicis contra persones que volien impedir un desnonament al Clot, nombroses detencions a les vagues generals, multes absurdes per les persones que es manifestaven o per enganxar cartells, etc), va ser i és encara, una resposta planejada per procurar frenar l’augment de la indignació i de la força de les protestes populars contra el poder polític, econòmic i altres injustícies quotidianes, com el patriarcat i el racisme.

Durant aquells dies, la gent es va organitzar arreu per construir política des del carrer, com moltes seguim fent. La política que volem és assembleària, horitzontal, autogestionada, sense representants, és del poble i per al poble, i xoca amb la política institucional que ens governa. La qual ha estat protagonista d’un espiral de corrupció i de tenir llaços, sovint familiars o personals, amb grans empreses privades que reben encàrrecs d’obres públiques i amb els peixos grossos del poder financer.

Aquell dia érem milers de persones les que vam anar a intentar aturar el Parlament, per combatre el drama de tantes vides immerses en la misèria, els acomiadaments per les retallades, els suïcidis pels desnonaments, etc. Perquè moltes d’aquestes barbàries s’aproven dins dels murs d’aquest edifici. Per aquest motiu estàvem assenyalant els culpables el 15 de Juny de 2011 i per això mateix, ho tornaríem a fer sense por, perquè legitimem la nostra actuació, i perquè si la gent del carrer, a qui ens afecta tot això, no lluitem, ningú altre ho farà per nosaltres.

Sabem i tenim clar que aquest és un judici polític, una farsa per atemorir a aquelles que decideixen plantar cara i actuar contra els responsables de tanta precarietat. De fet, ens reafirmem al comprovar que l’acció directa contra els poderosos i generar alternatives de vida els molesta, i molt. Per això, i perquè som conscients del poder que podem tenir quan ens organitzem, no ens volem doblegar davant les seves intimidacions i fem una crida a estendre la solidaritat a aquells i aquelles que pateixen la repressió i la violència quotidiana d’aquest sistema econòmic, en les seves infinitats de formes.

Convoquem manifestació el dia 29 de març a Barcelona a les 18:30 a Plaça Catalunya.

SOLIDARITAT AMB TOTES LES REPRESALIADES I AMB AQUELLES QUE LLUITEN!!

La propera vegada que agafin un helicòpter, que sigui per marxar ben lluny i no tornar a molestar!

encausadesparlament.wordpress.com

———–

I was at the Catalan Parliament too…
and I would do it again

On March 31st the court case against the 20 people who are charged with an attempt to block the Catalan Paliament on June 15th 2012 will begin. That day in June, the process of implementing the first round of budget cuts in Catalonia began. Cuts that involved closing public companies, the privatization of health care,as well as cuts in the area of culture, education, etc.

The mobilization “Aturem el Parlament” (“Paralize the Parliament”), took place two weeks after the brutal eviction of Plaza Catalunya (Barcelona), by the riot police Mossos d´Esquadra under the command of Felip Puig. He was the minister of the Interior at that time and is currently the minister of companies and labour. He was also responsible for the police operation that shot Esther Quintana in the eye.

The criminalization by the media (that is funded by the state) and the increase of repression which followed (court cases against people trying to prevent an eviction in the neighbourhood of el Clot, many detentions during the general strikes, absurd fees for people protesting or hanging banners with tape etc), was, and still is, a planned response to try to stop the rise of outrage and the strength of popular demostrations against economic and political power, and other daily injustices (such as patriarchy and racism).

During those days, people organized themselves all over to build and create politics from the streets, as many of us continue to do. The politics we want are based in assemblies, horizontal, self-organized, without leaders; they belong to the people and they are for the people, and clash with the institutional politics which govern us. The same institutional politics and their protagonists are creating a corruption spiral and have relationships, mostly family-based, with private companies (that receive contracts for public constructions) and with high-up people with economic power.

That day we were thousands of people trying to paralyze the Catalan Parliament in order to fight the drama of so many lives embedded in misery, the layoffs due to the cuts, the suicides due to evictions, etc. Because many of these atrocities are approved behind the walls of that building. This is the reason that we were pointing out the guilty ones that 25 of June 2012, and because of this, we would to it again without fear. Because we legitimize our action, and because if we, the people from the street -whom are the most affected-, don´t fight, nobody will do it for us.

We know that this is a political court case, a farce to scare those who decide to stand up and take action against thoseresponsibleforall this precariousness. In fact, we reaffirm our ideals and actions after proving that direct action and the creation of alternatives of life bothers them, a lot. Because of this, and because we are aware of the power we can have when we are organized, we don´t want to bow down to their intimidation. We call for a spread of solidarity for all the ones who suffer daily repression and violence within this economic system, in its infinite shapes.

SOLIDARITY WITH ALL THE REPRESSED AND THOSE WHO FIGHT!!

The next time that they take an helicopter, it should be to go far away, and not come back to bother us.

———-

Repression in Spain. A call for international solidarity

During the last three years Spanish society has witnessed a period of intense social protests against austerity, corruption, unemployment and so on. As in other times in history, the greater and more radicalised the protest the bigger the repression that the state organises against it. Since the general strike in September 2010, a common trend of this repression strategy is been a kind of ‘laissez faire’ in the streets but followed by ´selective´ detentions months later. Police have been literally knocking doors down of those who continuously take part in different actions and demonstrations, and consequently dozens of people have been arrested.

On June the 15th 2011, ten thousand people surrounded the Catalan parliament in Barcelona. That day the government wanted to approve a vast austerity cut in health and education, and the idea was to block politicians from getting into the building. “Inexplicably” the police did not protect some politicians, which caused direct confrontation with protesters, and of course that fact was used by the media as an example of violence against democracy. After that, people were violently dispersed, and the MPs could do their job.

On October the 4th 2011, 22 people were arrested in their homes. They have been accused of a crime against the state, using a law designed for coup leaders and that had never been used before in Spain. They now face a penalty of up to 8 years in jail, whereas some of them have been also accused of different crimes related to other demonstrations. The trial will start in March the 31st 2014 and it is expected to last four days.

There will be a national day of solidarity in Spain on March the 29th with demonstrations in several cities. So we also call for international solidarity.

You can call, email or block different Spanish embassies or institutions. Or you can do whatever you consider appropriate…

“That day we tried to block the Catalan parliament to combat the drama of many lives immersed in poverty, layoffs by cuts, suicides by evictions, etc. Because many of these atrocities are approved behind the walls of that building. We were pointing at the guilty, and because of that we would do it again without fear. We know this is a political trial, a farce to scare those who choose to stand up and take action against those responsible for such precarious living conditions. In fact, we reaffirm it to find that both direct action against the powerful and generate alternative lives bothers them a lot. For this reason, and because we understand the power that we can have as we organise ourselves, we do not want to bow to their intimidation and we make a call to extend solidarity to those suffering the daily repression and violence of this economic system, in its myriad forms”.

encausadesparlament.wordpress.com/manifest-suport/manifes…

———-

Thanks to the rise in the prices of Natural resources, this region is gaining increasing popularity. Kazakhstan is on the charts as one of the largest oil producing economy and next to Mongolia is the most coal producing country. The commodity centric region is basically encashing on the recovery of the Chinese economy, which has shown a reasonable purchasing managers index. A year-over-year basis has seen a notable improvement in the power production of China, which has increased by 13.4%. Since China is the major importer of the power sources, an increase in power consumptions majorly affects the value of the subsequent. The healthy growth impact of China can be seen from its increase in the monetary growth, which is one of the measuring tools which help to analyze the growth of the economy. Both these factors are known to be symbolic of healthy and good trading ties with the Central Asian region for which the impact is bound to progress to this side.

The forecasts issued by the IMF and Asia Development Bank clearly show that the Central Asia Region is progressing towards the healthy trends in the domestic consumption and its capital spending. This majorly leads to the consistent growth and an increase in the intraregional growth. The investment opportunities are inclined towards theMongolia mutual fund due to the supportive local fiscal and monetary policies of the government. The region is sure to face a beneficial phase of healthy Export-oriented and external increase in demand for commodities. The overall pictorial growth of these economies is likely to show figures that depict low unemployment and fairly good wages, leading to good GDP figures.

Complete entry points are being offered by Coal and Oil commodities. This Central Asia mutual fund operates at an annual of 0.69%, but its stands an approximate 20% less beta risk, which is a factor favorable for the financial fund. The expense ratio is quite high according to the market space but it still has trapped energy that needs to be further focused on.

Due to the most recent Coal Rally there has been a sustainable hike in the Coal equities. As these countries are abundantly stocked with the natural reserves of resources they are showing momentums in the flow of investments progressing towards this area. Little is left to say about the 5.5 percent of the ETF’s weight taken up by Mongolia and surprisingly U.K. and Canada combine for nearly half of the weight because the index comprises of the domiciled and revenue orientation from Mongolia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan & Uzbekistan. The last three months have seen a rise in the valuation of the related ETF by 8.5%. The 22 securities from all over the globe have facilitated exposure to this region and embarked a potential growth keeping in mind the demand and supply traffic for coal , natural gas and oil reserves.

As on June 30, 2013, 19.45% of the assets of the fund are related to Materials and 18.46% towards Energy Minerals. The Financials and Oil & Gas sector are the holders of nearly 30% of the industry breakdown assets of the Central Asia mutual fund.

Global X Central Asia ETF [AZIA] provides the access to investments of the foreign listings in the Central Asian Region, primarily from Mongolia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan & Uzbekistan. This Central Asia mutual fund was introduced in April 2013 and delivers as per the performance of Solactive Central Asia and Mongolia Index. As a matter of fact Mongolia fund is also not far behind the race. More than thirty percent of this Central Asia fund is concentrated in the top most holdings with Kazmunaigas Gdr , Eurasian Natural Resources Corp.Plc., Kazakhmys Plc, Spt Energy Group Inc., and Kcell Gdr respectively.
3002054014_3eda24f714

Russian Expatriates and Cyprus Pension

Regulate Loan Sharks.
unemployment fund
Image by eyewashdesign: A. Golden
New Yorkers Protest the US0 BILLION (US TRILLION) Wall Street BAILOUT: Wall Street, NYC – September 25, 2008

VOTE YOUR CONSCIENCE on 04 NOVEMBER 2008!

Photographer: a. golden, eyewash design – c. 2008.

Friends,

The richest 400 Americans — that’s right, just four-hundred people — own MORE than the bottom 150 million Americans COMBINED! 400 of the wealthiest Americans have got more stashed away than half the entire country! Their combined net worth is .6 trillion. During the eight years of the Bush Administration, their wealth has increased by nearly 0 billion — the same amount that they were demanding We give to them for the "bailout." Why don’t they just spend the money they made under Bush to bail themselves out? They’d still have nearly a trillion dollars left over to spread amongst themselves!

Of course, they are not going to do that — at least not voluntarily. George W. Bush was handed a 7 billion surplus when Bill Clinton left office. Because that money was OUR money and not HIS, he did what the rich prefer to do — spend it and never look back. Now we have a .5 trillion debt that will take seven generations from which to recover. Why — on –earth – did — our — "representatives" — give — these — robber — barons — $US850 BILLION — of – OUR — money?

Last week, proposed my own bailout plan. My suggestions, listed below, were predicated on the singular and simple belief that the rich must pull themselves up by their own platinum bootstraps. Sorry, fellows, but you drilled it into our heads one too many times: THERE…IS…NO…FREE… LUNCH ~ PERIOD! And thank you for encouraging us to hate people on welfare! So, there should have been NO HANDOUTS FROM US TO YOU! Last Friday, after voting AGAINST this BAILOUT, in an unprecedented turn of events, the House FLIP-FLOPPED their "No" Vote & said "Yes", in a rush version of a "bailout" bill vote. IN SPITE OF THE PEOPLE’S OVERWHELMING DISAPPROVAL OF THIS BAILOUT BILL… IN SPITE OF MILLIONS OF CALLS FROM THE PEOPLE CRASHING WASHINGTON "representatives’" PHONE LINES…IN SPITE OF CRASHING OUR POLITICIAN’S WEBSITES…IN SPITE OF HUNDREDS OF THOUSANDS OF PEOPLE PROTESTING AROUND THE COUNTRY… THEY VOTED FOR THIS BAILOUT! The People first succeeded on Monday with the House, but failed do it with the Senate and then THE HOUSE TURNED ON US TOO!

It is clear, though, we cannot simply continue protesting without proposing exactly what it is we think THESE IDIOTS should/’ve do/one. So, after consulting with a number of people smarter than Phil Gramm, here’s the proposal, now known as "Mike’s Rescue Plan." (From Michael Moore’s Bailout Plan) It has 10 simple, straightforward points. They are that you DIDN’T, BUT SHOULD’VE:

1. APPOINTED A SPECIAL PROSECUTOR TO CRIMINALLY INDICT ANYONE ON WALL STREET WHO KNOWINGLY CONTRIBUTED TO THIS COLLAPSE. Before any new money was expended, Congress should have committed, by resolution, to CRIMINALLY PROSECUTE ANYONE who had ANYTHING to do with the attempted SACKING OF OUR ECONOMY. This means that anyone who committed insider trading, securities fraud or any action that helped bring about this collapse should have and MUST GO TO JAIL! This Congress SHOULD HAVE called for a Special Prosecutor who would vigorously go after everyone who created the mess, and anyone else who attempts to scam the public in future. (I like Elliot Spitzer ~ so, he played a little hanky-panky…Wall Street hates him & this is a GOOD thing.)

2. THE RICH SHOULD HAVE PAID FOR THEIR OWN BAILOUT! They may have to live in 5 houses instead of 7. They may have to drive 9 cars instead of 13. The chef for their mini-terriers may have to be reassigned. But there is no way in hell, after forcing family incomes to go down more than ,000 dollars during the Bush years, that working people and the middle class should have to fork over one dime to underwrite the next yacht purchase.

If they truly needed the 0 billion they say they needed, well, here is an easy way they could have raised it:

a) Every couple makeing over a million dollars a year and every single taxpayer who makes over 0,000 a year should pay a 10% surcharge tax for five years. (It’s the Senator Sanders plan. He’s like Colonel Sanders, only he’s out to fry the right chickens.) That means the rich would have still been paying less income tax than when Carter was president. That would have raise a total of 0 billion.

b) Like nearly every other democracy, they should have charged a 0.25% tax on every stock transaction. This would have raised more than 0 billion in a year.

c) Because every stockholder is a patriotic American, stockholders should have forgone receiving a dividend check for ONE quarter and instead this money would have gone the treasury to help pay for the bullsh*t bailout.

d) 25% of major U.S. corporations currently pay NO federal income tax. Federal corporate tax revenues currently amount to 1.7% of the GDP compared to 5% in the 1950s. If we raised the corporate income tax BACK to the levels of the 1950s, this would give us an extra 0 billion.

All of this combined should have been enough to end the calamity. The rich would have gotten to keep their mansions and their servants and our United States government ("COUNTRY FIRST!") would’ve have a little leftover to repair some roads, bridges and schools…

3. YOU SHOULD HAVE BAIL OUT THE PEOPLE LOSING THEIR HOMES, NOT THE PEOPLE WHO WILL BUILD AN EIGHTH HOME! There are 1.3 million homes in foreclosure right now. That is what is at the heart of this problem. So, instead of giving the money to the banks as a gift, they should have paid down each of these mortgages by 0,000. They should have forced the banks to renegotiate the mortgage so the homeowner could pay on its current value. To insure that this help wouldn’t go to speculators and those who tried to making money by flipping houses, the bailout should have only been for people’s primary residences. And, in return for the 0K pay-down on the existing mortgage, the government would have gotten to share in the holding of the mortgage so it could get some of its money back. Thus, the total initial cost of fixing the mortgage crisis at its roots (instead of with the greedy lenders) is 0 billion, not 0 BILLION.

And let’s set the record straight. People who have defaulted on their mortgages are not "bad risks." They are our fellow Americans, and all they wanted was what we all want: a home to call their own. But, during the Bush years, millions of the People lost the decent paying jobs they had. SIX MILLION fell into poverty! SEVEN MILLION lost their health insurance! And, every one of them saw their real wages go DOWN by ,000! Those who DARE look down on these Americans who got hit with one bad break after another should be ASHAMED.! We are a better, stronger, safer and happier society when all of our citizens can afford to live in a home they own.

4. THERE SHOULD HAVE BEEN A STIPULATION THAT IF YOUR BANK OR COMPANY GOT ANY OF OUR MONEY IN A "BAILOUT," THEN WE OWN YOU. Sorry, that’s how it’s done. If the bank gives me money so I can buy a house, the bank "owns" that house until I pay it all back — with interest. Same deal for Wall Street. Whatever money you need to stay afloat, if our government considers you a safe risk — and necessary for the good of the country — then you can get a loan, but WE SHOULD OWN YOU. If you default, we will sell you. This is how the Swedish government did it and it worked.

5. ALL REGULATIONS SHOULD HAVE BEEN BE RESTORED. THE REAGAN REVOLUTION IS DEAD! This catastrophe happened because we let the fox have the keys to the hen-house. In 1999, Phil Gramm authored a bill to remove all the regulations that governed Wall Street and our banking system. The bill passed and Clinton signed it. Here’s what Sen.Phil Gramm, McCain’s chief economic advisor, said at the bill signing:

"In the 1930s … it was believed that government was the answer. It was believed that stability and growth came from government overriding the functioning of free markets.

"We are here today to repeal [that] because we have learned that government is not the answer. We have learned that freedom and competition are the answers. We have learned that we promote economic growth and we promote stability by having competition and freedom.

"I am proud to be here because this is an important bill; it is a deregulatory bill. I believe that that is the wave of the future, and I am awfully proud to have been a part of making it a reality."

FOR THIS NOT TO REOCCUR, This BILL SHOULD HAVE BEEN REPEALED! Bill Clinton could have helped by leading the effort for the repeal of the Gramm bill and the reinstating of even tougher regulations regarding our financial institutions. And when they were done with that, they should have restored the regulations for the airlines, the inspection of our food, the oil industry, OSHA, and every other entity that affects our daily lives. All oversight provisions for any "bailout" should have had enforcement monies attached to them and criminal penalties for all offenders.

6. IF IT’S TOO BIG TO FAIL, THEN THAT MEANS IT’S TOO BIG TO EXIST! Allowing the creation of these mega-mergers and not enforcing the monopoly and anti-trust laws has allowed a number of financial institutions and corporations to become so large, the very thought of their collapse means an even bigger collapse across the entire economy. No ONE or TWO companies should EVER have this kind of power! The so-called "economic Pearl Harbor" can’t happen when you have hundreds — thousands — of institutions where people have their money. When we have a dozen auto companies, if one goes belly-up, we DON’T FACE A NATIONAL DISASTER! If we have three separately-owned daily newspapers in your town, then one media company can’t call all the shots (I know… What am I thinking?! Who reads a paper anymore? Sure glad all those mergers and buyouts left us with a STRONG and "FREE" press!). Laws Should have been enacted to prevent companies from being so large and dominant that with one slingshot to the eye, the GIANT FALLS and DIES. And no institution should be allowed to set up money schemes that NO ONE understands. If you can’t explain it in two sentences, you shouldn’t be taking anyone’s money!

7. NO EXECUTIVE SHOULD EVER BE PAID MORE THAN 40 TIMES THEIR AVERAGE EMPLOYEE, AND NO EXECUTIVE SHOULD RECEIVE ANY KIND OF "PARACHUTE" OTHER THAN THE VERY GENEROUS SALARY HE OR SHE MADE WHILE WORKING FOR THE COMPANY. In 1980, the average American CEO made 45 times what their employees made. By 2003, they were making 254 times what their workers made. After 8 years of Bush, they now make over 400 times what their average employee makes. How We have allowed this to happen at publicly held companies is beyond reason. In Britain, the average CEO makes 28 times what their average employee makes. In Japan, it’s only 17 times! The last I heard, the CEO of Toyota was living the high life in Tokyo. How does he do it on so little money? Seriously, this is an OUTRAGE! We have created the mess we’re in by letting the people at the top become bloated beyond belief with millions of dollars. THIS HAS TO STOP! Not only should no executive who receives help out of this mess profit from it, but any executive who was in charge of running his company into the ground should be FIRED before the company receives ANY help.

8. CONGRESS SHOULD HAVE STRENGTHENED THE FDIC AND MADE IT A MODEL FOR PROTECTING NOT ONLY PEOPLE’S SAVINGS, BUT ALSO THEIR PENSIONS AND THEIR HOMES. Obama was correct to propose expanding FDIC protection of people’s savings in their banks to 0,000. But, this same sort of government insurance must be given to our NEVER have to worry about whether or not the money they’ve put away for their old age will be there. This should have meant strict government oversight of companies who manage their employees’ funds — or perhaps it means the companies should have been forced to turn over those funds and their management to the government? People’s private retirement funds must also be protected, but perhaps it’s time to consider not having one’s retirement invested in the casino known as the stock market??? Our government should have a solemn duty to guarantee that no one who grows old in this country has to worry about becoming destitute.

9. EVERYBODY NEEDS TO TAKE A DEEP BREATH, CALM DOWN, AND NOT LET FEAR RULE THE DAY. Turn off your TVs! We are NOT in the Second Great Depression. The sky is NOT falling, Chicken Little! Pundits and politicians have lied to us so FAST and FURIOUS it’s hard not to be affected by all the fear mongering. Even I wrote to and repeated what I heard on the news last week, that the Dow had the biggest one day drop in its history. Well, that was true in terms of points, but its 7% drop came nowhere close to Black Monday in 1987 when the stock market in one day lost 23% of its value. In the ’80s, 3,000 banks closed, but America didn’t go out of business. These institutions have always had their ups and downs and eventually it works out. It has to, because the rich do not like their wealth being disrupted! They have a vested interest in calming things down and getting back into their Jacuzzis before they slip into their million thread-count sheets to drift off to a peaceful, Vodka tonic and Ambien-induced slumber.

As crazy as things are right now, tens of thousands of people got a car loan last week. Thousands went to the bank and got a mortgage to buy a home. Students just back to college found banks more than happy to put them into hock for the next 15 years with a student loan. I was even pre-approved for a USK personal loan. Yes, life has gone on with little-or-no-change (other than the whopping 6.1% umeployment rate, but that happened last month). Not a single person lost any of his/her monies in bank, or a treasury note, or in a CD. And, the perhaps the most amazing thing is that the American public FINALLY didn’t buy the scare campaign. The citizens didn’t blink, instead telling Congress to take that bailout and shove it. THAT was impressive. Why didn’t the population succumb to the fright-filled warnings from their president and his cronies? Well, you can only say ‘Saddam has the bomb’ so many times before the people realize you’re a lying sack of shit. After eight long years, the nation is worn out and simply can’t take it any longer. The WORLD is fed up & I don’t blame them.

10. THEY SHOULD HAVE CREATED A NATIONAL BANK, A "PEOPLE’S BANK." Since they’re really itching to print up a trillion dollars, instead of giving it to a few rich people, why don’t We give it to ourselves? Now that We own Freddie and Fannie, why not set up a People’s bank? One that can provide low-interest loans for all sorts of people who want to own a home, start a small business, go to school, come up with the cure for cancer or create the next great invention. And, now that we own AIG – the country’s largest insurance company – let’s take the next step and PROVIDE HEALTH INSURANCE FOR EVERYONE. MEDICARE FOR ALL! It will SAVE us SO MUCH MONEY in the LONG RUN (not to mention bring peace of mind to all). And, America won’t be 12th on the life expectancy list! We’ll be able to have a longer lifespan, enjoying our government-protected pension and will live to see the day when the corporate criminals who caused this much misery are let out of prison so that We can help re-acclimate them to plain old ordinary, civilian life — a life with ONE nice home and ONE gas-free car invented with help from the People’s Bank.

P.S. Call your Senators NOW !!! —> www.visi.com/juan/congress/

Since they voted against passing the extension of unemployment benefits and skipped out to "campaign" to us to be re-elected…call them and tell them you will vote for the other "guy" if they don’t get their act together!

UPDATE:

The Bailout Is A Truly Evil Disaster And Enabler Pelosi Must Go

We are hearing more and more reports of how badly the ill-advised banker’s bailout is being handled, multi-million dollar bonuses for Paulson’s old cronies at Goldman Sachs, billions going to finance the takeover of rival banks, making the "too big to fail" even bigger, and the taxpayer getting an otherwise rotten deal for their investment. We even heard a Republic senator asking how fast they could blow the money.

NONE of this could have happened without the fawning complicity of Nancy Pelosi, who infamously said it was Bush’s proposal, INSTEAD of coming forward with a robust alternative plan. Just like Bush, she believes she is immune, she believes she is unaccountable, and shame on us if we don’t do everything we can to defeat her this Tuesday, and replace her with Cindy Sheehan.

Here is Cindy’s last TV spot. Please make whatever donation you can to put this ad on the air in these critical final days.

Last Cindy TV Spot Action Page:
www.usalone.com/cindy/donations_tv2.php

There is still time for you to make a real difference. We thank all of our participants who have already donated so generously to make this campaign what it is. For those who cannot make a contribution, please consider helping with the phone banking, and there is a link for that also on the page above.

The one thing we know is that we must continue to speak out. We must continue to challenge. Surrendering is what our current so-called representatives in Congress are so prone to, NOT what we do. Ultimate victory is not only possible, it is assured if we work as hard as we can for real change, not just the rebranding of the same old boys’
network.

And we promise you, immediately after the election we will go right back to work on pure issue advocacy full time, to continue to build the base of action for the future.

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Donations to Cindy Sheehan for Congress are not tax-deductible

Please take action NOW, so we can win all victories that are supposed to be ours, and forward this alert as widely as possible.

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The social insurance scheme in Cyprus is based on the Social Insurance Law of 1980 with amendments and regulations issued thereafter, and has the objective of protecting insured persons from financial hardship. Some of the benefits provided by the social insurance scheme are: old-age pension, social assistance, unemployment and maternity benefits, as well as grants for marriage, childbirth and compensations for industrial accidents.

In this article, we shall look into the old-age pension as applicable to non-EU countries nationals (say, Russia expatriates) who come and work in Cyprus for number of years, after which return in their home country.

All workers employed in Cyprus, irrespective of their nationality, are compulsorily withheld 6.8% of their earnings as contribution to the social insurance fund. In addition, the employer and the Cyprus government, respectively contribute 6.8% and 4.3% to the fund, making the total contribution equal to 17.9%. The fund is run by the state and used to pay various social benefits (unemployment, pension, maternity etc.).

Without discrimination, Russian expatriates and their family members can enjoy all applicable social benefits while legally residing in Cyprus and making contributions. However, when it comes to old-age pension, in the event the expatriate leaves Cyprus, social insurance contributions will not be paid in cash (or otherwise) or transferred to the Russian pension scheme. The contributions will remain in the fund until pensionable age is reached (65) and number of conditions met before payment. One of those conditions, applicable to those reaching pensionable age between 3.1.2010 and 1.1.2012, is the contribution of social insurance for at least 7 years. As from 2.1.2012 the contribution condition is increased to 10 years, effectively making it more difficult to gain Cyprus pension from temporary employment in Cyprus.

The changing demographics and economics of the social insurance scheme make it hard to predict what will be the social insurance legislation in the next 20-30 years. Pensionable age may be raised to 70 years, contributions increased by more than currently anticipated or Cyprus and Russian may enter into a bilateral agreement extending their social benefit to those who move between the two countries.

In most cases, social insurance contributions by Russian expatriated will be “lost” and years of employment in Cyprus not credited in Russia, representing a major drawback for those whose retirement plan is entirely based on state pension income. Therefore, depending on the case, one may need an adjustment to the retirement plan in order to adequately compensate for the reduction in state pension income. Some possible venues for putting money for the long-term and reducing taxable income at the same time, may be: contributions to approved provident fund and term/life insurances. You should contact your tax consultant for further advice.

Veronica G. is the lead partner of Quantia Advisors, a professional firms specialising in financial advisory, audit, tax, accounting and consultancy services.

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