Adding even more pressure to the situation, the minimum balance requirement on Zimbabwe’s checking account at the Harare Bank & Distrust is $200. From AFP: After paying public workers’ salaries last week, the balance in cash-strapped Zimbabwe’s government public account stood at just $217, Finance Minister Tendai Biti said Tuesday. “Last week when we paid […]

If the AP thinks it’s getting bad now, wait until the economy starts to fully absorb Obamacare. Or should I say, until Obamacare starts to absorb the economy. Bring on the “unexpectedly” for the 48th straight month: The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow […]

What? No space alien attack stimulus? No trillion dollar coin minting to pay down the debt? Say it ain’t so: In a blog post on the New York Times website, columnist Paul Krugman says no to serving as treasury secretary. Which is clarifying, even though he was never offered the job anyway. “Yes, I’ve heard […]

I couldn’t believe this story wasn’t from the United States, but I’m sure it’ll arrive soon — if it hasn’t already. A man in Sweden is reportedly getting state disability benefits due to a crippling addiction to heavy metal: According to the Global Post, 42-year-old Roger Tullgren said he consulted three psychologists to testify his […]

File under BOHICA: The Federal Reserve will spend $45 billion a month to sustain an aggressive drive to keep long-term interest rates low. And it set a goal of keeping a key short-term rate near zero until unemployment drops below 6.5 percent. The policies are intended to help an economy that the Fed says is […]

During the campaign, Joe Biden said that Republicans had voted for a $500 trillion tax cut. Not to be outdone, here’s Rep. Sheila Jackson Lee (D-umb) on how much extra cash was in the public coffers when tax rates were higher during the Clinton administration: “Remember, we had a $5.6 trillion surplus in 2000 – […]

The Pentagon’s budget is getting cut, but that hasn’t hindered the Obama administration’s ability to wage class warfare: With lawmakers scheduled to return to work on Monday to begin intense discussions before a looming fiscal deadline, Mr. Obama’s aides are trying to harness the passions that returned him to the White House, hoping to pressure […]

The unions tried to disrupt things, but it looks like that effort will fail big time: After opening earlier than in previous Thanksgiving weekends, Wal-Mart reported its “best ever Black Friday” sales, including bigger crowds than last year, the company said Friday. The retailer rolled out deals starting at 8 p.m. on Thanksgiving Day. From […]

Headline spotted at BBC News: Burma hopes Barack Obama visit will boost the economy Because he’s worked such wonders with the U.S. economy. By now Obama’s probably convinced the leadership in Myanmar to sink a few billion into “clean energy” factories that will end up serving as stimulus for Burmese bankruptcy attorneys. Obama was welcomed […]

They waited until the day after the election to make the announcement — what a happy coincidence for Obama: Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs. Boeing, the […]

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