Wednesday, December 24, 2008

More economic troubles.


SLASH!
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

By AFP

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


Bernard Madoff:

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

World Financial Crisis

ADL Calls Madoff Critics 'Anti Semites'

Madoff-Linked Dead NY Fund Mgr Had 'Stab Wounds'

Madoff Victims Have To Return 6 Yrs Profits?

Fund Mgr w/Madoff Ties Found Dead In NY

US Home Prices Drop At Near Depression Pace

US Property Developers Seek Govt Aid

Brown Wants 27% Inerest On Loans To Poor!

RBS Repo Threat Even When Mtge Paid!

UK Mtge Approvals Fall To All-Time Lows

Global Jobless To Rise By 25 million

The Real Bank Robbers

Era Of Russian Oligarchs Ending

New Zealand Recession Deepens

Central Banks Revolution Gathers Speed

Champagne Sales Collapse

Federal Reserve Is THE Reason For US Demise

US Economy Sinks In Ocean Of New Money

Why US Trade Deficit Is Worsening

Great Stocks/Commodities Deleveraging Crash Of 09

Belgian Govt Collapses Over Fortis Bank Selloff

Growing Signs Of Workers Unrest In China

Keep Blowing...The Bailout Bubble Will Burst

Where Did Bailout $ Go? Big Banks Won't Say

Global Shipping Sinking Fast - Stories








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