Monday, August 04, 2008

More economic issues

FDIC warns four banks over liquidity...

Small Florida bank is 8th failure this year...

Massive US Deficit Spells Austerity Policy For Next Administration

By Jerry White

Once again, both parties will use the lie that there is “no money” to meet social needs, while hundreds of billions are squandered on imperialist wars and channeled into the pockets of the wealthiest one percent of the population. Continue


Crisis Looms as Corporations Seize Control of Commodities

By Barbara L. Minton

The global food crisis won’t go away any time soon. Capitalism has the average consumer by the belly. Amid growing signs of famine and outrage, the entire chain of commodities and resources of the world are now being cornered by giant corporations. Farmland, water, fertilizer, seed, energy, and most of the basic necessities of life are falling under corporate control, providing increased wealth and power to the ruling elite while the rest of humanity struggles.
Continue


Speculation Behind Global Commodity Price Rise

By Ramgopal Agarwala

Michael Masters, a hedge fund manager in his testimony before the US Congress, has said that gasoline prices could fall to $2 a gallon, half of today's price with legislation barring commodity index funds. There are now more than 10 legislative proposals before the US Congress calling for better regulation of commodity index markets. Continue

Employers in U.S. Cutting Jobs, Hours, Signaling Slower Growth: Employers in the U.S. fired workers in July for a seventh straight month and cut hours for remaining staff to a record low, signaling economic growth weakened at the start of the second half of the year.

US job losses hit four-year high: The unemployment rate in the US has climbed to a four-year high of 5.7 per cent in July after employers shed 51,000 jobs.

Housing Crisis To Wipe Out 20 Yrs Of Family Wealth

Fannie, Freddie Lobbyists Friends/Family Of Congress

What To Do When Your Bank Closes

Panicking Fed Tries To Hide Credit Crisis Truth

RBS -Biggest Loss In UK Banking History

National Bank Of Oz Hit With 90% Debt Losses

'EURANIUM' - The Weaponized Fiat Currency

Paulson Loses Control Over US Financial System

Chapman - The Goldilocks Matrix

Florida Bank Closes - 8th Bank Failure Of Year

Greenspan - Housing Prices Not Yet Near Bottom

Greenspan On The Sinking Economy

IndyMac Files Bankruptcy, Sole Empoyee Is CEO

GM In Massive $15.5 Billion 2 Q Loss

MA Sues Merrill Lynch For Fraud

US CUTS Venezuela Oil Imports To Boost Gas Prices!

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