Visit NewWorldNextWeek.com to get previous episodes in various formats to download, burn and share. We also have weekly episodes from FoodWorldOrder.com. And as always, stay up-to-date by subscribing to the feeds from Corbett Report here and Media Monarchy here. We also have weekly episodes from FoodWorldOrder.com Thank you.
Welcome back to New World Next Week - the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week:
Visit NewWorldNextWeek.com to get previous episodes in various formats to download, burn & share. And as always, stay up-to-date by subscribing to the feeds from Corbett Report here and Media Monarchy here. Thank you.
from bbc: The working week should be cut to 21 hours to help boost the economy and improve quality of life, a left-wing think tank has said. The New Economics Foundation claimed in a report the reduction in hours would help to ease unemployment and overwork. The think tank said people were working longer hours now than 30 years ago even though unemployment was at 2.5 million. The foundation admitted people would earn less, but said they would have more time to carry out worthy tasks. They would have better scope to look after children or other dependants, there would be more opportunity for civic duties, and older people could even delay retirement, it said.
last decade was the worst ever in the stock market from wsj: The US stock market is wrapping up what is likely to be its worst decade ever. In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s. Investors would have been better off investing in pretty much anything else, from bonds to gold or even just stuffing money under a mattress. Since the end of 1999, stocks traded on the New York Stock Exchange have lost an average of 0.5% a year thanks to the twin bear markets this decade. The period has provided a lesson for ...?
small-business bankruptcies rise 81% in california from latimes: The Obama administration's new plan to give a boost to small businesses reflects continued trouble in that sector, which is facing new failures even as much of the nation's economy is stabilizing. As credit lines have shrunk and consumers have cut back on spending, thousands of small businesses have closed their doors over the last year. The plight of struggling firms has been aggravated by the reluctance of banks to lend money, said Brian Headd, an economist at the Small Business Administration's office of advocacy. "While bankruptcies are up, overall, small-business closures are up even more," Headd said. California has been particularly hard hit. The latest data show small-business bankruptcies up 81% in the state for the 12 months ended Sept. 30, compared with the previous year. Filings nationwide were up 44%, according to the credit analysis firm Equifax Inc. The actual number of small businesses in trouble is probably higher, experts said, because many owners file for personal bankruptcy rather than seek protection for the business.
The Coast Guard said such exercises go on every day in and around U.S. ports, and the Secret Service is not normally notified. Erroneous live cable news reports on CNN and Fox had said that the Coast Guard was firing shots on the river. CNN reported the Coast Guard had fired 10 rounds at a suspicious boat, and showed vessels circling in the water - near the bridge President Barack Obama's motorcade crossed on the way to a memorial at the Pentagon earlier Friday morning.
from ap: The Walt Disney Co. is buying Marvel Entertainment Inc. for $4 billion in cash and stock, bringing such characters as Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E. Under the deal, which was announced Monday and is expected to close by the end of the year, Disney will acquire the rights to 5,000 Marvel characters. Many of them, including the Fantastic Four and the X-Men, were co-created by the comic book legend Stan Lee. Disney CEO Robert Iger said Marvel's comic books, TV shows, movies and video games amounted to "a treasure trove of content." Iger said the deal would bring benefits like the ones Disney got from buying "Toy Story" creator Pixar Animation Studios Inc. for $7.4 billion in stock in 2006. "The acquisition of Marvel offers us a similar opportunity to advance our strategy," Iger said, and "to build a business that is stronger than the sum of its parts."
The attacks involved ordering a huge number of computers to visit the websites simultaneously to overload the system and shut down ones not robust enough to sustain the traffic. US officials emphasized there was no security breach. "It's just overloading the system," the defence source told Fox.
fdic gearing up for more bank closures from bizjournals: The Federal Deposit Insurance Corp. is gearing up to handle a large number of bank failures expected as a result of bad mortgages, both in residential and commercial real estate, an economist said Tuesday. “They know they’re going to take down a large number of banks and they can’t do it until they’re staffed up,” said Mark Dotzour, chief economist and director of research for the Real Estate Center at Texas A&M University.
deutsche bankster in tech probe fell to his death (nothing to see here, move along please...) from bcc: A City stockbroker fell to his death from a rooftop restaurant two days after bosses investigating an IT-related matter sent him home early. Anjool Malde, 24, was found on the ground outside Coq d'Argent in London's Square Mile at midday on Sunday. He left his Deutsche Bank office early on Friday afternoon after agreeing to "help" the bank with its inquiry. Police are continuing to investigate the death ahead of an inquest, but are not treating it as suspicious.
banks in georgia, north carolina & kansas closed by regulators from bloomberg: Banks in North Carolina, Georgia and Kansas with combined assets of $1.5 billion were seized by regulators last week, costing the U.S. insurance fund $363 million and pushing this year’s tally of failures to 40. Southern Community Bank of Fayetteville, Georgia, and 111- year-old Cooperative Bank in Wilmington, North Carolina, were closed June 19 by state officials, and the Office of the Comptroller of the Currency shut First National Bank of Anthony, Kansas. The Federal Deposit Insurance Corp. was named receiver.
unemployment at highest level in 25yrs from washington times: The turmoil ravaging General Motors and Chrysler generated big jumps in joblessness last month throughout the Midwest, sending Michigan's unemployment rate above 14 percent and pushing three nearby states into double digits. Jobless rates in Illinois and Indiana surpassed 10 percent, while Ohio's approached 11 percent, according to data released Friday in a Labor Department report. The half-percentage-point jump in the national unemployment rate rippled throughout the country as 48 states and the District of Columbia reported increases in their jobless rates in May. The U.S. unemployment rate rose from 8.9 percent in April to 9.4 percent in May, its highest level in more than a quarter-century. The rate was 10.8 percent near the end of 1982.
cia recruiting laid-off bankers in nyc from newsmax: Laid off from Wall Street? The CIA wants you -- as long as you can pass a lie detector test and show that you are motivated by service to your country rather than your wallet. The Central Intelligence Agency has been advertising for recruits and will be holding interviews on June 22 at a secret location in New York. "Economics, finance and business professionals, if the quest for the bottom line is just not enough for you, the Central Intelligence Agency has a mission like no other," one radio advertisement for the agency says. "Join CIA's directorate of intelligence and be a part of our global mission as an economic or financial analyst. Make a difference in your career and for your nation," it says.
financial dictatorship spreads to europe from steve watson: The European Union is set to mirror moves in the US to overhaul the economic regulatory oversight system, in a move that will see national regulators superceded by European supervisors. “The proposals involve creating three pan-European watchdogs next year to ensure countries introduce new rules on supervision.” Reports the London Telegraph. “Under the proposals, there is to be a European Banking Authority in London, an Insurance Authority in Frankfurt, and a Securities Authority in Paris. All European leaders agreed today to their creation.” These three new bodies will have the authority to dictate and implement decisions on regulatory standards across the board in every member state. Furthermore, the deal will see the creation of a European Systemic Risk Board, that would “monitor the build up of risks”, issue recommendations for action and oversee their implementation. The chairmanship of this new body will be elected by members of the general council of the European Central Bank. This mirrors plans in the US to hand the private Federal Reserve powers to simply seize and take over any company it defines as a risk to the economy. Of course, we shouldn’t be surprised by the move given that, for the most part, the Federal Reserve and the European Central Bank are run by the same private globalist banking corporations.
bankster 'holiday' planned for september? from kurt nimmo: Bob Chapman’s influential International Forecaster is reporting on the possibility of a so-called “bank holiday” planned for late August or early September. According to Chapman’s sources, U.S. embassies around the world are selling dollars and stockpiling money from respective countries where they operate. “Some US embassies worldwide are being advised to purchase massive amounts of local currencies,” writes Harry Schultz, “enough to last them a year.” Schultz publishes the Harry Schultz Letter, an international investment, financial, economic, and geopolitical newsletter named as “Newsletter of the Year” by Peter Brimelow of Market Watch in 2005 and 2008. Schultz believes the global elite are in the process of engineering an FDR-style “bank holiday” of undetermined length in order to “sort-out the bank mess” and impose new bank rules. On March 5, 1933, in the depths of the banker engineered “Great Depression,” newly elected Franklin Roosevelt declared a “bank holiday” that forced banks closed for four days. Roosevelt then rammed the Emergency Banking Act through the legislature. Passed by Congress on March 9, the act granted FDR near dictatorial control over the dealings of banks. It also allowed the Secretary of the Treasury the power to compel every person and business in the country to relinquish their gold and accept paper currency in exchange.
numbers on welfare see sharp increase from wsj: Welfare rolls, which were slow to rise and actually fell in many states early in the recession, now are climbing across the country for the first time since President Bill Clinton signed legislation pledging "to end welfare as we know it" more than a decade ago. Twenty-three of the 30 largest states, which account for more than 88% of the nation's total population, see welfare caseloads above year-ago levels, according to a survey conducted by The Wall Street Journal and the National Conference of State Legislatures. As more people run out of unemployment compensation, many are turning to welfare as a stopgap. The biggest increases are in states with some of the worst jobless rates. Oregon's count was up 27% in May from a year earlier; South Carolina's climbed 23% and California's 10% between March 2009 and March 2008.
condo dwellers finding empty buildings from miami herald: Joshua Hamann jokingly compares himself to the last human in a city overrun by zombies. He's not suggesting his neighbors are zombies. The problem is, he has no neighbors. Hamann dwells in a newly opened condo. And in the six weeks since moving into the gleaming new Everglades on the Bay in downtown Miami, he has felt pretty lonely. Hamann occupies one of only about 50 sold condos in his 49-story tower, out of 409 units. A couple miles north at Midtown Miami, Alisha Marks knows the same feeling. "It was pretty much a ghost town when I got here," she says.
8 really, really scary predictions from fortune: Dow 4,000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening... Nouriel Roubini: "We are in the middle of a very severe recession that's going to continue through all of 2009 - the worst U.S. recession in the past 50 years. It's the bursting of a huge leveraged-up credit bubble. There's no going back, and there is no bottom to it." (read the 7 other scary predictions here)
4 really, really bad scenarios from cryptogon: I found this one most interesting: The Alternate-Dollar Nightmare: “The Number One vulnerability is the dollar itself,” Rickards concluded. “We’re printing them and shoving them out the door, and the Fed is basically out of bullets. So why hasn’t the dollar collapsed? The short answer is, global investors don’t have any other choice.” That is, there simply aren’t enough Euro- or Yen-backed securities for investors to shift their money out of dollars and into some other currency. But what if some kind of global coalition – say a trillion-dollar sovereign wealth fund allied with several countries around the world – banded together to create a gold-backed alternative to the dollar?
alternative currencies grow in popularity from time: Most of us take for granted that those rectangular green slips of paper we keep in our wallets are inviolable: the physical embodiment of value. But alternative forms of money have a long history and appear to be growing in popularity. It's not merely barter or primitive means of exchange like seashells or beads. Beneath the financial radar, in hip U.S. towns or South African townships, in shops, markets and even banks, people throughout the world are exchanging goods and services via thousands of currency types that look nothing like official tender. Alternative means of trade often surface during tough economic times. "When money gets dried up and there are still needs to be met in society, people come up with creative ways to meet those needs," says Peter North, a senior lecturer in geography at the University of Liverpool and the author of two books on the subject. He refers to the "scrips" issued in the U.S. and Europe during the Great Depression that kept money flowing and the massive barter exchanges involving millions of people that emerged amid runaway inflation in Argentina in 2000. "People were kept from starving [this way]," he says.
downturn spurs 'survival panic' for some in US from reuters: A paralegal, recently laid off, wanted to get back at the "establishment" that he felt was to blame for his lost job. So when he craved an expensive new tie, he went out and stole one. The story, relayed by psychiatrist Timothy Fong at the UCLA Neuropsychiatric Institute and Hospital, is an example of the rash behaviors exhibited by more Americans as a recession undermines a lifestyle built on spending. In the coming months, mental health experts expect a rise in theft, depression, drug use, anxiety and even violence as consumers confront a harsh new reality and must live within diminished means. "People start seeing their economic situation change, and it stimulates a sort of survival panic," said Gaetano Vaccaro, deputy clinical director of Moonview Sanctuary, which treats patients for emotional and behavioral disorders. "When we are in a survival panic, we are prone to really extreme behaviors."
Political donations from overseas are also illegal in the US, where John McCain's campaign team is under investigation for allegedly accepting a benefit in kind from two mega-rich British citizens, namely Nat Rothschild and his father, Jacob, the Fourth Baron Rothschild.
In April, Mr McCain passed through London and spoke at a fund-raising dinner for expatriate Americans, where seats at the cheapest tables cost £500 a head. What caught the eye of Judicial Watch, a Washington-based foundation dedicated to combating corruption, was that the event was held "by kind permission of Lord Rothschild and Hon Nathaniel Rothschild" at the family home in Spencer House, St James's, the only privately owned 17th-century palace in central London.
The US Federal Election Committee is still investigating the allegation that Mr McCain's campaign team broke electoral law by accepting a benefit in kind from the Rothschilds. "We haven't heard from the FEC yet, and don't expect to until after the campaign," Tom Fitton of Judicial Watch said.
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Welcome to New World Next Week - the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week: 
Visit NewWorldNextWeek.com to get previous episodes in various formats to download, burn and share. We also have weekly episodes from FoodWorldOrder.com. And as always, stay up-to-date by subscribing to the feeds from Corbett Report here and Media Monarchy here. We also have weekly episodes from FoodWorldOrder.com Thank you.
