Tuesday, May 26, 2009

More economic issues

Beijing is caught in 'trap' over dollar...

British banks revolt against Obama tax plan; May refuse American clients...


Early retirement claims rise sharply...

Crisis spurs spike in 'suburban survivalists'...

Carmakers' Woes 'May Cost Six Million Jobs'...

Capitalism Produces Rich Bankers, Socialism Produces Happiness

By Phillip Bannowsky

When you consider that virtually no newspaper, broadcaster, well-funded think tank, teacher, or anybody's boss or commander ever said something nice about socialism, it's remarkable that only 53 percent of us still favor rule by the moneyed class. Perhaps folks are learning how capitalism sacrifices happiness for individual gain. Continue

America 'getting tired of footing the bill' for wars in Iraq, Afghanistan :: Disapproval ratings for military efforts in Afghanistan are rapidly rising. In a March USA Today/Gallup poll, 42 percent of respondents said the United States made a mistake in sending military forces to Afghanistan, up from 30 percent in February.

World Bank warns of social unrest: "If we do no take measures, there is a risk of a serious human and social crisis with very serious political implications," Robert Zoellick said.

US bonds sale faces market resistance: The US Treasury is facing an ordeal by fire this week as it tries to sell $100bn (£62bn) of bonds to a deeply sceptical market amid growing fears of a sovereign bond crisis in the Anglo-Saxon world.

China stuck in ‘dollar trap’: China’s official foreign exchange manager is still buying record amounts of US government bonds, in spite of Beijing’s increasingly vocal fear of a dollar collapse, according to officials and analysts.

Mexico Oil Exports Plummet

China Warns Federal Reserve Over Printing Money

China Stuck In 'Dollar Trap'

Chill Wind Blows For AAA Rated Nations

Cold, Hunger, Job Losses - Unhappy Russians

Mass Firing Of Hollywood Agents As Recession Hits

UK Commercial Rents In Grip Of Recession

Africa Almost Giving Land Away

Obama Govt Borrowing 50 Cents Of Every $1 It Spends

Two Illinois Banks Seized - 36 On The Year

RBS Chiefs Handed £5m In Bonuses

West Facing Rising Oil Prices

Gold Bugs Have Their Perfect Trinity

US Grandma Offer Depression Era Recipes

Federal Reserve Cannot Account For $9 Trillion

Dollar's Demise Greatly Exaggerated

Loud Paradigm Shift Rumblings

Fear For US AAA Rating Pressure Dollar

British Airways Drops First Class In New Planes

Warning Britain May Suffer A Double Recession

Congress Attacks GM Revamp

Rising Debt Clouds Market Optimism

Economy Down, But Cost Of Living Is Going Up

Warning - Shocking Debt Information

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