Category Archives: Economy

Euro Zone Demands More From Greece – Greece Refuses To Believe They’ve Run Out Of Everyone Else’s Money…

Greek Prime Minister Alexis Tsipras really screwed the pooch when he called for a national referendum on austerity cuts and accepting a bailout. His own country voted overwhelmingly to say no, to the cuts, but he has no other option … Continue reading

Posted in Big Stupid Government, Economy, European Union | 88 Comments

China Stock Market In Freefall – Half Of China’s Stocks Have Stopped Trading…

(Reuters) […]  On Wednesday, more than 500 China-listed firms announced trading halts, bringing the total number to around 1,300, almost half of China’s roughly 2,800 “A share” listed companies. […]  China’s stock market has so far tumbled 30 percent from … Continue reading

Posted in China, Economy | 161 Comments

EU Gives Greece Five Days To Avoid Bankruptcy…

WASHINGTON POST – An emergency summit of European leaders called to salvage Greece’s financial rescue broke up acrimoniously late Tuesday, with officials saying the country now has just five days to avoid bankruptcy. Following a day of talks in Brussels … Continue reading

Posted in Bailouts, Economy, European Union, Fabian Socialists - Modern Progressives, Socialist, Uncategorized | 36 Comments

Report: Greece Votes “No” To Budget Austerity – Mostly Likely Will Leave Euro Zone…

• Before agreeing to EU demands Greece put their financial strategy to a vote. • The electorate voted “no” in a referendum where the question asked is should the government reduce benefits in order to become fiscally responsible. • However, … Continue reading

Posted in Bailouts, Big Stupid Government, Economy, European Union | 45 Comments

Greek Banks Planning To Raid Customer Savings To Avert Financial Collapse….

The government of Greece gets themselves into financial trouble with unsustainable social benefits and promises. Now, when they run out of money, they begin confiscating funds from those who actually saved money. “Recapitalization”, the ultimate spread the wealth program. 2016 … Continue reading

Posted in Bailouts, Big Stupid Government, Economy, European Union, Fabian Socialists - Modern Progressives, Occupy Type Moonbats, Socialist, Typical Prog Behavior, Uncategorized | 39 Comments

Puerto Rico Says It Cannot Pay Back Its Bond Debt – “Our debts are non-payable”…

The reoccurring problem with socialism is eventually you run out of other people’s money !! I’m not quite sure what the exact percentage is currently, but it was previously estimated more than 50% of all Puerto Ricans receive federal government subsidy (welfare) … Continue reading

Posted in Bailouts, Cultural Marxism, Dem Hypocrisy, Economy, media bias, propaganda, Typical Prog Behavior | 51 Comments

SCOTUS Strikes Down EPA Mercury Rule – Michigan VS EPA (w/ full opinion pdf)…

In a 5-4 ruling, the justices ruled that the EPA should have taken into account the financial costs to utility companies, states and affected citizens before deciding whether to set limits for the toxic air pollutants it regulated in 2011.  SCOTUS forcing the … Continue reading

Posted in Big Stupid Government, Conspiracy ?, Economy, EPA, Fabian Socialists - Modern Progressives, media bias, Obama Research/Discovery, Professional Idiots, propaganda, Uncategorized | 28 Comments