Life the Universe and ....: More economic issues

GM urges EU states to come to its aid; Carmaker says 300,000 jobs at risk... Obama's plan to hike taxes meets fierce opposition... Administration to take on international tax dodgers... CITI: Jobless To Pay Less on Loans... Bernanke: May Need More Than Approved $700B to Fix Banks... NBCWSJ Poll: 6 in 10 Americans worry government will spend too much...White House Knocks CNBC's Cramer For Calling Obama Budget 'Greatest Wealth Destruction By a President'...

America's Fiscal Collapse

By Michel Chossudovsky

In actuality, what we are dealing with is the most drastic curtailment in public spending in American history, leading to social havoc and the potential impoverishment of millions of people. Continue

The Big Lie of Recession Politics: 'Shared Sacrifice'

By Shamus Cooke

The last "boom" of the economy was based not only on fantasy prices for homes, but the cheap price of labor. During the boom the working class resorted to ever-more debt to maintain their standard of living, while the rich got richer than anyone had ever dreamed possible. Continue

7.3 million people in US prisons in '07: The record-high number, one in every 31 adults, includes people in prison or jail, and on probation or parole.

Bernanke Says U.S. May Need to Expand Bank Rescue: Federal Reserve Chairman Ben S. Bernanke said policy makers may need to expand aid to the banking system beyond the $700 billion already approved and take other aggressive measures even at the cost of soaring fiscal deficits.

Jim Rogers: Let AIG Go Bankrupt, Not America: American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday.

Payments to poor, disabled cut in half: State trying to stretch general assistance funds through June

US vehicle sales plummet: General Motors reported a sales drop of more than 53 per cent compared to 2008 on Tuesday, Ford said its sales were down by 48 per cent, while Chrysler posted a 44 per cent fall in sales for the same period.

Japan's troubled Toyota seeks loan: Car manufacturer expects to report first annual loss in almost six decades.

Playing The Banking Game: How Cash-Starved States Can Create Their Own Credit

Obama's 'Jewish Inspired' Stimulus Will Not Work

BoE To Flood Economy With £200B

Shares Crash As Savers Withdraw £8B

HSBC Awards Banker £13M

Arrears And Repos Soar At Northern Rock

Ukraine About To Go Bankrupt

Eurozone Ready To Rescue Members

France Faces Worst Post-War Slump

Europe Sees Trouble Rising In East

Global Recession Will Be Worse Than Forecast