Documenting America's decent into Fascism: More Dollar issues

Tuesday, February 17, 2009

Kansas suspending Income Tax Refunds... Will Russian Kremlin bailout Oregon steel plant? TRUMP ENTERTAINMENT may file bankruptcy... CA ON THE BRINKSIRIUSXM Creditors Seek to Oust CEO Karmazin if Bankruptcy... LIBERTY to the rescue?

NY governor wants to tax Internet porn... STAFFERS GET SECRET RAISES AMID 'FREEZE'...

1900% Beer Tax Hike Proposed in Oregon...

Eastern Europe Is About to Blow

By Mike Whitney

The global economy is decelerating at the fastest pace on record. 40 percent of global wealth has been wiped out. The banking system is insolvent, unemployment is soaring, tax revenues are falling, the markets are in shock, housing is crashing, deficits are soaring, and consumer confidence is at its lowest point in history. Continue

Davos Debt & Denial

In an age of illusion, the guise of truth is often heresy

By Darryl Schoon

The fact that in 2008 bankers became victims in the game they created has profound implications for capitalism itself. Capitalism, which began in 1694 with the issuance of debt-based money from The Bank of England, has now over three hundred years later reached its last and final stage. Continue

Obama: Learn From Lincoln And Do The Right Thing

As The Economic Situation Declines, He Has To Stop Centrist Diddling

By Danny Schechter

Today, we seem to be at the beginning of a new civil war, a great economic war with fresh details trickling out every day about how bad it is, and how bad it may get. Many banks are insolvent and companies bankrupt. Millions are out of work. No one knows what will happen. Even as the Stimulus bill was passed, no one is confident it will stem the tide of economic decline. Continue

Ending the Hidden Agenda Behind Tax Cuts

By Joe Brewer

It's time to tell the truth about tax cuts. This phrase dominates political discourse and is coughed out every time a conservative public figure opens his mouth. It is treated like the basis of sound reasoning, yet no one points out what should be obvious - that "tax relief" and "tax cuts" are just code words for destroying the capacity of government to serve the public. Continue

Japan slump fastest in decades: "This is the worst ever crisis in the post-war era," he told a news conference on Monday. "There is no doubt about it."

Mini job cuts anger British unions: BMW, the German car manufacturer, is cutting 850 jobs at its Oxford factory in Britain, which produces the Mini, in response to falling demand caused by the global economic downturn.

Ireland ‘could default on debt’: The cost of buying insurance against Irish government bonds rose to record highs on Friday, having almost tripled in a week. Debt-market investors now rank Ireland as the most troubled economy in Europe.

New York's public pensions are socking taxpayers: Costs jumped 100 percent: In fact, last year, for every $100 a government worker spent on his or her retirement, taxpayers contributed about $1,000. At the same time, residents continued to see their own private pensions shrink or disappear.

Japan's Downturn Is Bad News For World

Toxic Plans For Toxic Assets

Rich Chinese Fly In To Buy Bargain US Homes

Russia's Super Rich Down To Last Few Billions

Central Banks Urged To Buy Corp Debt

India Warns Of Growing Fiscal Deficit

Japan's Economy Shrinks 3.3%

G7 Softens Tone On China

Fears Of Ireland Debt Default Grow

Roubini Tells Geithner To Nationalise US Banks

UK Mad With Anti-Bonus Fever

Pound Falls Further