Thursday, July 16, 2009

More economic issues


Calif tax officials: Legal pot would rake in $1.4B...

Obama Opposes House Plan That Would Force CHRYSLER, GM to Restore Dealers...

Foreclosures rise 15% in first half of 2009...

Will Iraq Be a Global Gas Pump?
The (Re)Making of a Petro-State

By Michael T. Klare

Has it all come to this? The wars and invasions, the death and destruction, the exile and torture, the resistance and collapse? In a world of shrinking energy reserves, is Iraq finally fated to become what it was going to be anyway, even before the chaos and catastrophe set in: a giant gas pump for an energy-starved planet? Will it all end not with a bang, but with a gusher? The latest oil news out of that country offers at least a hint of Iraq's fate. Continue

Can The Economy Recover?

By Paul Craig Roberts
There is no economy left to recover. The US manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.” Continue

How Bad Will the Economy Get?
Really, Really Bad

By Thomas Greco, Jr.

Historically, every financial and economic crisis has been used to further centralize power and concentrate wealth. This one is no different, and in fact the moves being promoted by the Obama administration and the central banks of the Western powers will take the whole world to the pinnacle of financial despotism -- unless enough people wake up and claim their own "money power.”

California: the human toll of the economic crisis: At a time when more and more workers, hit hard by job losses and reduced work hours, are in need of assistance, state resources are decreasing.

Big broadcaster Sinclair in dire straits: Baltimore-based Sinclair Broadcast Group Inc., which is controlled by David Smith and his family and operates 58 television stations, said if it can't restructure its heavy debt load it will have to file for bankruptcy. The company, which has about $1.3 billion in debt, is trying to negotiate terms on notes of $500 million that are coming due in the next 18 months.

Madoff Taken To Ponzi's One-Time Prison

China's Forex Reserves Pass $2,000 Billion

China Plans Global Role For Renminbi

Call For A 90% Tax On Banker Bonuses

UK Unemployment Jumps By Record 281,000

France `Special Bond' - Doubts Over AAA Rating

Bank Of Japan Extends Corporate Support

Intel Falls To A Loss After Record EU Fine

Call For Fed Transparency Grows Louder

Coalition To Attack Plan For New Fed Powers

Geithner Promises To Defend Dollar

Goldman Sachs Smashes Through Crisis Wreckage

Goldman Egg Laying Goose Could Still Die

Goldman Bankers Line Up For $20b Payday!

Ousted GM CEO Ret Package Cut To $8.6 Million

Geithner - Recession Will End In Months (Letter To Santa)

Goldman Sachs Head To Best Profits Since 2007

Goldman Executives Dumped $700m Of Stock

Madoff Moving To North Carolina Jail

UK Cost Of Living Biggest Drop Since 1948

Britain Finds Itself In Debtors' Prison

BoE Double-Dip Recession Fears

12,000 UK Postal Workers To Strike

Banksters Raise Rates In Mortgage Rip-Off Sheme

US Jobless Rise Hits Migrants Home Countries

Iraq Offers Half Of Nabucco Pipeline Gas

China Widens Rio Spy Probe

McDonald's Euro Head Office To Switzerland

China And Markets Play Inflationary Chicken

Federal Deficit Tops $1 Trillion, $2 Trillion By Fall

CA Bankruptcy May Give US Big Trouble

Barky May Tax Rich To Pay For Healthcare

CA Poised To Shut Down Parks

Goldman Results May Signal Return Of Big Pay

Europe Digs Its Economic Grave

Pensions Experts Predict 'Horrific News' On Funds

UK Govt Has Lost £10.9b On RBS And Lloyds

£1,000 Loss Per Household For Bank Bailouts

Britons To Be Poorer In Coming Decades

Penniless And Bankrupt...California Issues IOUs

Major Banks Refuse California IOUs

Obama's 'Cures' May Kill Any 'Recovery'

UK Can't Afford Another Fiscal Rescue

Lloyds Braced For £13b Loss

Goldman Bankers Defy Gloom With Bonus Bonanza

53rd US Bank Failure This Year

Oil Drops Below $60


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