FED PUMPS $800B MORE...
Rush to Refinance...
Soveriegn wealth funds flee the West...
Federal deficit could hit $1 trillion this year...
FDIC adds 54 more banks to its 'problem list'...
Oil Drops Below $51...
Reporter threatened with arrest for seeking interview with former LEHMAN CEO...
Cash-Strapped NYC Goes On Ticket Blitz, Deploys 200 Additional Traffic Agents...
Russian Analyst Predicts Decline and Breakup of U.S.
Dissatisfaction is growing, and at the moment it is only being held back by the elections and the hope that Obama can work miracles. But by spring, it will be clear that there are no miracles." Continue
Colossal Financial Collapse
The Truth behind the Citigroup Bank "Nationalization"
By F. William Engdahl
On Friday November 21, the world came within a hair’s breadth of the most colossal financial collapse in history according to bankers on the inside of events with whom we have contact. The trigger was the bank which only two years ago was America’s largest, Citigroup. The size of the US Government de facto nationalization of the $2 trillion banking institution is an indication of shocks yet to come in other major US and perhaps European banks thought to be ‘too big to fail.’ Continue
Rebuilding the Nation on a Foundations of Sand
By Jim Kirwan
IF Obama were serious: Then he would condemn those who have led this nation to the brink of self-annihilation as a people. Those people responsible must be excoriated: literally purged. Continue
Left Out of the Bailout: The Poor
By Mark Kukis
"Recent data show poverty is already rising quite substantially," says Robert Greenstein, the executive director of the Center on Budget and Policy Priorities. "There is a strong potential for more hardship and destitution than we have seen in this country in a number of decades." Continue
“A People’s History of Poverty in America”
By Democracy Now! - Audio
Census Bureau figures from 2007 show that 12.5% of the population, or over 37 million people, live below the poverty line. The Center warns hat number could increase to up to 47 million. Continue
The Elections, the Economy, and the World”
By Noam Chomsky
Question is what is a democracy supposed to be? - The ignorant and meddlesome outsiders have a function and namely to watch what’s going on. And to push a lever every once in a while and then go home. Continue
Bush Labor Department misled Congress in effort to privatize jobs: President George W. Bush's Labor Department misled Congress in an effort to prove outsourcing jobs to private companies was more efficient than assigning the jobs to government employees, according to a Government Accountability Office report released Monday.
German Weimar Republic in the early 1920s and the U.S. - Troubling similarities
US Fed announces $800bn "stimulus": About $600bn will be used to buy up mortgage-backed securities while $200bn is being targeted at unfreezing the consumer credit market.
Data shows sharper US contraction: The US Commerce Department said the downward revision was due to the biggest fall in US consumer spending in 28 years
Home prices in record plunge: - Prices of single-family homes plunged a record 17.4 percent in September from a year earlier, according to a key S&P index released on Tuesday.