Economics and Investing:

Blackmail on a national scale: Saudi Arabia warns of economic fallout if Congress passes 9/11 bill – A.C.

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Why Is The Msm Covering Up Recessionary Data?

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Items from Professor Preponomics:

US News

Arizona College Includes Fee to Pay for Illegal Alien Scholarships (Townhall) Excerpt: “If you’re attending Prescott College, you might want to tell mom and dad that a new fee has been added to the tuition bill, one that will help establish scholarships for illegal aliens.”

Ten-Step Checklist for Revitalizing America’s Immigration System (The Heritage Foundation) Excerpt: “Exhibit one is the Border Security, Economic Opportunity, and Immigration Modernization Act (S. 744).” …and a follow up piece also from The Heritage Foundation: Cost of Unlawful Immigrants and Amnesty to the US Taxpayer

We Need to Crack Down on Illegal Immigrants Wiring Money Out of the US (Washington Examiner) Excerpt: The GAO “estimated that nearly $38 billion was remitted by foreign-born residents in the United States to households abroad.”

Puerto Rico’s Other Crisis: Impoverished Pensions (Reuters) Excerpt: “When Puerto Rico attempted to shore up its chronically underfunded public-employee pensions in 2013, Francisco del Castillo “knew grown men and women who wept”.

International News

Greece’s Financial Crisis Rearing Its Ugly Head Again (The Globe and Mail) Excerpt: “The country is still in recession, still mired in debt that it cannot afford to pay, still suffering from crushing unemployment and still a ward of its bailout creditors – the EU and the International Monetary Fund.”

The World’s First Cashless Society is Here – A Totalitarian’s Dream Come True (Ron Paul Liberty Report) Excerpt: “The War on Cash and negative interest rates are huge threats to your financial security. Central planners are playing with fire and inviting a currency catastrophe.”

Banking’s Biggest Mess Has Legs (Bloomberg Gadfly) Excerpt: “Italy’s bank chiefs gathered in Rome this week to discuss what could be done to solve the industry’s woes. So far, they have announced precisely nothing.”

Personal Economics and Household Finance

Every Survival Community Needs a Town Library (Backdoor Survival) In a time of serious crisis, lending libraries with books in print form will become tremendous sources of economy for people in need of information. Excerpt and Commentary: “In the survival community, as I have defined it, there is a centralized location where members can meet and share news of the day. In the old days, this was often referred to as the Town Hall.” JWR’s SurvivalBlog Bookshelf is an excellent source of library development ideas.

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