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Americans Not In The Labor Force Soar By 640,000 To Record 93.6 Million; Participation Rate Drops To 1977 Levels ~ ZeroHedge

Submitted by Tyler Durden on 07/02/2015 10:53 -0400

The devastation of the US labor force continues.

In what was an “unambiguously” unpleasant June jobs payrolls report, with both April and May jobs revised lower, the fact that the number of Americans not in the labor force soared once again, this time by a whopping 640,000 or the most since April 2014 to a record 93.6 million, with the result being a participation rate of 62.6 or where itt was in September 1977, will merely catalyze even more upside to the so called “market” which continues to reflect nothing but central bank liquidity, and thus – the accelerating deterioration of the broader economy. 51 more words

News And Politics

German Deja Vu: Merkel Summons US Ambassador Over New Spying Claims

Submitted by Tyler Durden on 07/02/2015 11:01 -0400

It would appear the most transparent administration ever is in trouble with an ‘ally’ once again. Following its wrist-slap from France last week, and its previous quasi-admission of spying on Merkel and her senior officials (which we are sure President Obama said would never happen again – better to ask for forgiveness than permission?), … 162 more words

News And Politics

Global Debt Overload, Phony Jobs=Phony Recovery, Droughts and Floods

Greece is going through a referendum, and they are taking a que from the Clash song “Should I Stay or Should I Go.” Meaning, should Greece stay or leave the European Union? 195 more words

News And Politics

Simon Black – JP Morgan private banker: “We can’t make money anymore…”

Reblogged from FollowingWorldChange.wordpress.com

July 2, 2015 · by whatintheworld

July 1, 2015

Yesterday over coffee, a friend of mine leaked the news that JP Morgan’s private banking division here in Singapore is going to start charging negative interest rates. 948 more words

News And Politics

A Political Earthquake and No One Covered it! ~ Thom Hartman

Note: Even tho I left American politics behind when I “woke-up”,  I’m compelled watching Bernie Sanders get crowds of 10,000 people as mass media continues to ignore his gaining popularity. 207 more words

News And Politics

Simon Black – “Boots on the ground” report from Greece

Reblogged from FollowingWorldChange.wordpress.com

July 1, 2015 · by whatintheworld

June 30, 2015
Piraeus, Greece

Since my arrival into the country late May, the topic of most discussions I overhear everywhere are naturally about the debt negotiations. 651 more words

News And Politics

Prisons: America's slave empire

Chris Hedges
Truth Dig
Sun, 21 Jun 2015 18:33 UTC

© IBWC KC / YouTube

Three prisoners—Melvin Ray, James Pleasant and Robert Earl Council—who led work stoppages in Alabama prisons in January 2014 as part of the… 1,789 more words

News And Politics