SHELL OIL set to declare biggest-ever profit by a British company...
Which is worse: Regulation or De-Regulation?
By Paul Craig Roberts
Libertarians preach the morality of the market, and socialists preach the morality of the state. Those convinced of the market’s morality want de-regulation; those convinced of the state’s morality want regulation. In truth, neither seems to work. Continue
America’s Middle Classes Are No Longer Coping
By Robert Reich
The fact is, middle-class families have exhausted the coping mechanisms they have used for more than three decades to get by on median wages that are barely higher than they were in 1970, adjusted for inflation. Male wages today are in fact lower than they were then. Continue
Doubtful U.S. will pass trade deals: lawmaker: The Panama agreement is in trouble because last year that country's National Assembly elected as its president a lawmaker wanted in the United States on charges of killing a U.S. soldier in 1992, he added.
U.S. slump spreading around the globe, IMF warns: Financial turbulence is carrying the U.S. slump to the rest of the world, and now the global economy is in the midst of a serious slowdown, the International Monetary Fund said yesterday
US recession will dwarf dotcom crash: The views of Stephen Roach, one of the world's leading economists, now heading the Asian wing of Morgan Stanley, would have seemed outrageous at last year's World Economic Forum.
US House passes stimulus package : The United States House of Representatives has approved an economic stimulus package worth $150bn in a bid to prop up the nation's faltering economy.
America's meltdown: Once again, the health and happiness of the average American is being sacrificed so that those in power can continue to make poor choices.