USA begins to break foreign oil 'addiction'; First major cut to imports since 1977...
By Malcolm Martin
The US government has been hollowed out during the rise to absolute power of the corporations. Elections have become an elaborate “reality show” that plays out on corporate television for viewers entertainment. Continue
US-Led Capitalist System Headed for Collapse?
Syed Rashid Husain
As much as 60 percent of today’s crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the convenient myths of Peak Oil. It has to do with control of oil and its price. Continue
UK: House price crash warning: Mr Miles, chief UK economist for investment bank Morgan Stanley, believes that more than half of the rise in house prices has been fuelled by the speculation that prices would continue to rise rapidly.
What’s next for the economy? Look at California: Tough times in world's seventh largest ecomomy: consumer spending down, unemployment up, municipalities going bust