Surge for the dollar as global fears rise...
Oil Nears $113...
Wag the Dog
How To Conceal Massive Economic Collapse
By Ellen Brown
What to do? War and threats of war have been used historically to distract the population and deflect public scrutiny from economic calamity. Continue
This Time, Wage Slaves Can't Revolt
By Colin Barr
The Fed is banking on a weak labor market to keep employees from demanding wage hikes that could boost inflation. But consumers are feeling pinched. Continue
ECB slammed as Europe crumbles: The economies of Germany, France and Italy all contracted in the first quarter and may now be in full recession, shattering assumptions that Europe would prove able to shrug off the effects of the credit crunch.
U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years: Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today. Accountants say that the move, which is set to spark anger among ordinary taxpayers, is legal but unusual.
U.S. Inflation Hits 17-Year High: As Increases Move Beyond Food, Oil: U.S. inflation soared to a 17-year-high annual rate in July, a government report showed, led by gains in food, energy, airline fares and apparel.
Home foreclosure filings up 55 percent in July: U.S. foreclosure activity in July rose 55 percent from a year earlier as a slump in once-sizzling housing markets forced yet more borrowers to default on their mortgages, according to a monthly report.
The outrage in your credit card's fine print: Americans have now racked up nearly $1 trillion in credit-card debt. As housing equity shrinks and costs rise, agencies such as Moody's report swelling numbers of accounts with balances three or more payments past due. Reinforced by abusive industry practices, the plastic safety net is becoming a permanent cage.
The Next Wave Of Mortgage Defaults
Chinese Banks Eye US Locations
Morgan Stanley Says Financial Crisis Will Last
US Mint Suspends Gold Coin Sales
US Inflation Hits 17 Yr High - Foreclosures Up 55%
Western Oil Demand Set For Biggest Fall In 25 Yrs
Gold Fell In Dollars, Not In Euros And Pounds
Global Oil, Food And Water - Economic Tipping Points
Big Changes As Global Economy Heads For Recession
How To Conceal Massive Economic Collapse
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