Texas Drought Extended

Texas Governor Rick Perry (R) has renewed a drought emergency in more than 200 of the states counties. The order authorizes that all necessary measures be implemented to aid response efforts.  Governor Perry, initially issued the emergency declaration on July 5, 2011. 2011 was Texas’s driest year ever. Monday’s proclamation extends that emergency declaration. The…

U.S. Austerity Ill designed.

On March 1st, 2013, President Barack Obama, signed into law sequestration. This bill came about because of congressional inaction to find a way to cut the deficit. This bill will cut $85 billion in discretionary spending in fiscal year 2013. The IMF(International Monetary Fund), in a statement urging for the repeal of the federal spending…

Is China on the Verge of a Major Cash Crunch?

The Ministry of Finance has auctioned off debt, but only two thirds of the debt was bought, does this create a drop in available cash the country has on hand? This is the first time in 23 months that China was unable to sell the debt that is up for auction. There are numerous other…

Can Detroit be Saved?

The city of Detroit has been in a financial mess for some time now, one the eve of bankruptcy the Governor of Michigan, appointed a lawyer to fix the mess. Detroit owes it’s creditors $15 billion dollars. In an attempt to sort out the mess Orr, has said the city would default on some of…

Waste in the Nebraska Supreme Court

Created in 1841 the Nebraska Supreme Court, is the highest court in the state of Nebraska. There are seven justices in total, five of which are democrats, while the Chief Justice Mike Heavican, and Justice William B. Cassel are republican. In a report conducted by the Nebraska Auditor of Public Accounts Mike Foley, the court…

Turkey, The Next Arab Spring?

Since the 31st of May, protesters have been vocal about the current governments authoritarian rule, which many in the country believe is attempting to force radical Islamic Ideas on a secular state. Prime Minister Recepe Tayyip Erdogan, who has been in power since 14th of March, 2003, has said protest’s will end within 24 hours…

Greece Not a Developed Country?

A shocking move by Morgan Stanley Capital International (MSCI) has resulted in a move that has demoted Greece, to that of an emerging economy. Greece is suffering it’s sixth year of recession, with unemployment at 27% while youth unemployment has skyrocketed to  a staggering 62.5%. As Greece continues to struggle with it’s debt payments, investors…

China Not the Future?

China has quickly become the world’s second largest economy in the world with a nominal GDP of $8.2 trillion according to the International Monetary Fund. In recent months we have seen China’s economy begin to retract, and show sign’s that the nation may not be able to sustain the high rate of growth it has…