Daily Digest

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Daily Digest 1/2 - Benefits Rising Twice As Fast As Salaries, Expect Higher Food Prices in 2013

Wednesday, January 2, 2013, 11:04 AM

Economy

Benefits rising twice as fast as salaries: Payments to unemployed jump by 20 % in five years (UK)

Jobseeker's Allowance up 20 per cent from £59.15 a week in 2007/08 to £71

In the same five-year period wages only rose by 12 per cent
Iana Duncan Smith said the system is not fair on workers

U.S. Senate "fiscal cliff" bill adds 4 trillion USD deficit: CBO

In an analysis released on Tuesday, the nonpartisan CBO said compared with the current law, the plan brokered between the White House and the Senate late Monday night would add nearly 4 trillion dollars to the nation's deficit over a decade.

Yen Touches 18-Month Low Against Euro on Abe’s Currency Policy

The yen touched an 18-month low against the euro after Japanese Prime Minister Shinzo Abe reiterated his intention to weaken his nation’s currency. Abe said in the statement that the most urgent issue for Japan is to break out of currency appreciation and deflation. The premier has called on the Bank of Japan (8301) to undertake unlimited money printing to spur growth and achieve inflation of 2 percent, twice the BOJ’s target.

Nissan head asks Japan PM to weaken yen

Don't count Nissan Motor president Carlos Ghosn among those impressed with new Japanese Prime Minister Shinzo Abe's ability to weaken the yen against all major global currencies.

"We are way long from what I consider a neutral territory" of about 100 yen to the dollar, the Brazilian-born president of Japan's second-largest carmaker said during a year-end briefing at Nissan's headquarters in Yokohama, Japan.

AAA: US had record average gas prices in 2012

Average gas prices in 2012 were the highest they've ever been. According to AAA, the average price for gas nationwide was $3.60 per gallon last year. The study blames tensions in the Middle East, hurricanes and refinery outages for those record prices.

Expect Higher Food Prices in 2013

A USDA economist says Americans will be paying more at the grocery store in 2013.

"Inflation's going to pick up in 2013 over what we have seen in 2012. So we are looking ahead at a year of above normal food price inflation," says economist Ricky Volpe of USDA's Economic Research Service.
Volpe says to expect food price inflation of 3% to 4% in 2013. He says the drought affecting two-thirds of the nation is partly to blame.

Chicago, Cook and state fees to rise in 2013

Many Chicago-area homeowners, commuters and even gun buyers will feel the pain of a bigger government financial bite this year because of a host of new and higher taxes, fees, fines and fares.

In Chicago, water bills will rise significantly, property taxes will go up, parking meter rates will jump yet again and speed cameras will start fining lead-footed drivers near schools and parks. Across Cook County, smokers, gun buyers and some businesses face tax increases as well as some new charges.

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
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saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2775
$16,432,730,050,569

Treasury Direct link

The Daily History of the Debt Results

Historical returns from 12/26/2012 through 12/31/2012

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

 

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
12/26/2012 11,543,065,624,834.50 4,794,794,575,800.56 16,337,860,200,635.06
12/27/2012 11,546,343,682,876.98 4,791,899,708,870.10 16,338,243,391,747.08
12/28/2012 11,546,673,477,919.73 4,789,788,074,686.62 16,336,461,552,606.35
12/31/2012 11,581,517,550,395.07 4,851,212,500,174.05 16,432,730,050,569.12

fionnbharr's picture
fionnbharr
Status: Bronze Member (Offline)
Joined: Sep 27 2012
Posts: 26
The Real Invasion of Africa is Not News

The Real Invasion of Africa Is Not News, and a License To Lie Is Hollywood’s Gift

by John Pilger, February 01, 2013

A full-scale invasion of Africa is under way. The United States is deploying troops in 35 African countries, beginning with Libya, Sudan, Algeria and Niger. Reported by Associated Press on Christmas Day, this was missing from most Anglo-American media.

The invasion has almost nothing to do with "Islamism", and almost everything to do with the acquisition of resources, notably minerals, and an accelerating rivalry with China. Unlike China, the US and its allies are prepared to use a degree of violence demonstrated in Iraq, Afghanistan, Pakistan, Yemen and Palestine. As in the cold war, a division of labour requires that western journalism and popular culture provide the cover of a holy war against a "menacing arc" of Islamic extremism, no different from the bogus "red menace" of a worldwide communist conspiracy.

Reminiscent of the Scramble for Africa in the late 19th century, the US African Command (Africom) has built a network of supplicants among collaborative African regimes eager for American bribes and armaments. Last year, Africom staged Operation African Endeavor, with the armed forces of 34 African nations taking part, commanded by the US military.

Africom’s "soldier to soldier" doctrine embeds..

Link to the rest of the article at Johnpilger.com

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