Christmas plea: Store says 'shop, damn it, shop'...
New jobless claims jump more than expected...
USA falls deeper into recession...
PONZICIDE: Investor who lost $1.4B to Madoff kills himself...
World's richest woman was Madoff customer...
Stimulus: $1 trillion more with 'little oversight'?...
GOOGLE cuts back year-end bonuses; Staff given mobiles rather than cash...
Higher Wages or Bubblenomics:
What's it gonna be?
By Mike Whitney
A strong economy must be built on a solid foundation of steadily rising wages. If wages don't keep pace with production, the only way the economy can grow is through the expansion of debt, which leads to disaster. Continue
World Faces "Total" Financial Meltdown: Bank of Spain Chief
The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a "total" financial meltdown unseen since the Great Depression. Continue
With Economy in Shambles, Congress Gets a Raise
By Jordy Yager
A crumbling economy, more than 2 million constituents who have lost their jobs this year, and congressional demands of CEOs to work for free did not convince lawmakers to freeze their own pay. Continue
Wall Street Swindler Strikes Powerful Blows for Social Justice
By James Petras
In a few days, one individual, Bernard Madoff, has struck a bigger blow against global financial capital, Wall Street and the US Zionist Lobby/Israel-First Agenda than the entire US and European left combined over the past half century! Continue
Fighting the Greedy Defense Lobbyists: Our Schools vs. Their Worthless Weaponry
Madoff Scheme Was ‘Impossible’ to Do Alone, Says EIM’s Busson: Bernard Madoff’s alleged Ponzi scheme, which might have cost investors $50 billion, couldn’t have been carried out alone, said Arpad ‘Arki’ Busson, chairman and founder of Swiss investment firm EIM SA.
Greed has Pushed Political Credibility and Financial Trust into Freefall: Recent scandals in America reveal a value system that puts the wealth of a few before the welfare of many
World faces "total" financial meltdown: Bank of Spain chief : The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a "total" financial meltdown unseen since the Great Depression.
New Report: Worldwide Bankruptcy Wave About to Hit: Europe and the U.S. are about to experience a significant increase in business failures. That's the conclusion reached by Paris-based Euler Hermes, the world's largest credit insurer, in a recently released 57-page report on business insolvencies worldwide.
UK: Bailiffs get power to use force on debtors: The government has been accused of trampling on individual liberties by proposing wide-ranging new powers for bailiffs to break into homes and to use “reasonable force” against householders who try to protect their valuables.
Where'd the bailout money go? Shhhh, it's a secret: After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
$1.6 billion went to bailed-out bank execs: Records show bonuses, chauffeurs, health club benefits, financial planning