TV News LIES

John Williams, Founder of Shadow Government Statistics, calculates that the jobless rate is a full l0 percent higher than the government is reporting. He also discusses the news Monday morning that American companies (including Sprint, Home Depot) are cutting about 43,000 jobs.

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The number of people receiving unemployment benefits has reached an all-time record, the government said Thursday, and more layoffs are spreading throughout the economy.

The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records dating back to 1967. That's an increase of 159,000 from the previous week and worse than economists' expectations of 4.65 million.

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More than 200,000 job cuts have been announced so far this year, according to company reports. Nearly 2.6 million jobs were lost over 2008, the highest yearly job-loss total since 1945.

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The United Nations' crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday.

"In many instances, drug money is currently the only liquid investment capital," Costa was quoted as saying by Profil. "In the second half of 2008, liquidity was the banking system's main problem and hence liquid capital became an important factor."

TVNL Comment: Michael Ruppert exposed this over 20 years ago. He explains it in his speeches related to the money trail to the events of 9/11. You can see him discussing this along with 9/11 on the DVDs THE TRUTH & LIES OF 9/11 (viewalbe for free in our members section...sign up for free), & Denial Stops Here - From 9-11 to Peak Oil and Beyond. Michael even mentions the names of Columbian drug lords who sit on the board of Citigroup.

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It was July 12, 2007, and since then California has been living on borrowed money.

As in $21.5 billion worth of borrowed money, according to state Controller John Chiang: $16.5 billion borrowed from some of the state's 1,000-plus special funds, plus $5 billion in "revenue anticipation notes," which are basically money borrowed from private investors.

But, Chiang, whose office writes the state's checks, says California is about out of stopgap tricks to pay its bills and keep all its programs running.

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There is no way to know exactly how many billions of dollars in federal contracts American small businesses lost during the eight years of the Bush Administration. During President Bush's tenure, administration officials went to extreme lengths to make it difficult, if not impossible to obtain the government's records on small business contracting.

Under Bush, the United States Department of Justice went to federal court on several occasions to fight Freedom of Information Act (FOIA) requests for the specific names of firms that had received federal small business contracts.

Since 2003, 15 federal investigations have found that Bush Administration officials have diverted billions of dollars in federal small business contracts to Fortune 500 firms and thousands of other large businesses in the U.S. and Europe. (http://www.asbl.com/documentlibrary.html)