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U-20: Will the Global Economy Resurface?
By Walden Bello
The Group of 20 (G20) is making a big show of getting together to come to grips with the global economic crisis. But here's the problem with the upcoming summit in London on April 2: It's all show. What the show masks is a very deep worry and fear among the global elite that it really doesn't know the direction in which the world economy is heading and the measures needed to stabilize it. Continue
Pentagon war spending hits $685.7 billion: GAO: The spending total equals about 85 percent of the $808 billion that Congress has appropriated for military operations in the global war on terrorism since the September 11 attacks on New York and Washington, the GAO said.
$296 Billion in Overruns in U.S. Weapons Programs: Nearly 70 percent of the Pentagon’s 96 largest weapons programs were over budget last year, for a combined total of $296 billion more than the original estimates, a Congressional auditing agency reported Monday.
Russia backs return to Gold Standard to solve financial crisis: Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.
UK: Demonstrate at the G20 on 1 April: The leaders of the world’s big powers will meet at the G20 summit in London on 2 April. It is Barack Obama’s first visit to Britain. It is our chance to demand a change from Bush’s war policies.
Hundreds of French workers take bosses hostage: Hundreds of French workers, angry about proposed layoffs at a Caterpillar factory, were holding executives of the company hostage Tuesday, a spokesman for the workers said.
Home Prices in 20 U.S. Cities Fell by a Record 19%: The S&P/Case-Shiller index’s decrease was more than forecast and compares with an 18.6 percent decrease in December. The gauge has fallen every month since January 2007, and year- over-year records began in 2001.
Banks Starting to Walk Away on Foreclosures : Banks are quietly declining to take possession of properties at the end of the foreclosure process, most often because the cost of the ordeal — from legal fees to maintenance — exceeds the diminishing value of the real estate.
Government website now offers 'suicide warning signs' for victims of recession: When the government starts warning you not to commit suicide, you know things have gotten bad.
Judge Must Release Woman Sentenced to Jail for Being Poor, ACLU Says in Court Papers: The American Civil Liberties Union of Michigan asked for an emergency hearing today on behalf of an Escanaba woman sentenced to 30 days in jail because she is too poor to reimburse the court for her son’s stay in a juvenile detention facility.
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Rich Investors Sue Queen's Bankers
It's Time For Banks To Bow To Govt
Banks Demand Homes As Biz Loan Security
Global Economy Set For Record Fall In 2009
Surge In Global Unemployment Due
Japanese Unemployment Hits 3 Year High
German Joblessness Rises Sharply In March
Crude Oil Price Collapse See Industry Consolidation
Japan Unveils New Stimulus Plans
China And Argentina In Currency Swap
Brown - Thinking Positively About Monetary Policy
GM CEO Gets $23M Estimated Pension
Peering Into The Abyss - Peter Schiff
Alarming News - Bank Losses Spreading
GM And Chrysler Failing To Recover
Farmers To Cut Back On US Planting
Russia Backs Return To Gold Standard
UK May Launch Criminal Probe Into RBS
Obama Calls On Banksters To Sacrifice On Pay
UK Bank, Finance Firms To Axe 30,000 Jobs
Greenspan - 'Equities Show Us Way To Recovery' (huh?)
Fresh Flight >From Risk Hits Global Equities
Shares Slide As Global Bull Run Fades
GM Needs More Radical Surgery Than GM Loss
Car Industry Fears Send Markets Into Reverse
GM CEO Resigns Under Obama's Pressure
The Anger Building As G20 Meets In London
Only United G20 Can Save World From Ruin
Hedge Funds Vow To Fight As G20 Gathers
Germans Wreck Global 'New Deal'
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Tax Havens Batten Down - Hurricane Looms
Geithner - Regulation Of Hedge Funds, Derivatives
Recession Slays East European Tigers
UK Supermarket To Open Bank Branches
The Federal Reserve - Jewish Private Bankers
G20 Activists - Why We Are Protesting
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G20 Protesters Expect Agent Provocateurs
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Liquidator Finds $2.6 Billion For Madoff Claimants
Cook - Credit As A Public Utility
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