China currency war fears causing collapse in U.S. stock market

(NaturalNews) Americans and people all over the world are still traumatized from the 2007 and 2008 crash that altered world economies. In many ways, we are still recovering from that crisis and countless people and regions worldwide are still recovering. Think Greece, and Brazil; these countries have never fully recovered. So when the headlines today are sounding the alarm about U.S. stock markets taking a plunge, people everywhere are bracing themselves for the worst possible scenario. Can we really weather another 2008 crash? (Article republished from Collapse.news.) Continue reading

Empire State index tumbles to recession-era levels

A reading of New York-area manufacturing conditions fell swiftly and brutally in August, one that could make the likelihood of an interest-rate hike next month — or even this year — more remote.

The Empire State general business conditions index nose-dived to a reading of negative 14.9, from positive 3.9 in July, marking the worst level since April 2009, the New York Fed said. The index, on a scale where any positive number indicates improving conditions, was far worse than the positive 4.5 forecast in a MarketWatch-compiled economist poll. Continue reading

DHS Anticipated 60,000 Illegal Child Border Crossers in January

ASPEN, Colo.—DHS Secretary Jeh Johnson confirmed Thursday that the Obama administration in January anticipated a surge of some 60,000 illegal children crossing the Southwest Border.

“It was apparent to me then that the Rio Grand valley sector of the Southwest border needed to be an area of particular concern,” Johnson said during remarks at the Aspen Security Forum.

“In January, in our budget process, we estimated that we were going to have 60,000 unaccompanied kids coming in,” he said, noting that resources for the influx were “ramped up.”

The border crisis grew worse during the period between March, April, and May when “unprecedented levels” of children crossed the border, he said. The surge peaked with thousands of illegals reaching the U.S. border in early June. Continue reading