Extreme Poverty Is Now At Record Levels
• www.survivalblog.com19 Statistics About The Poor That Will Absolutely Astound You
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Economy - Economics USA
U.S. Approaches $15 Trillion Debt Limit
• ABC NewsIt will be the latest sobering economic milestone that few were hoping to see: The U.S. national debt – any day now – will soar above the $15 trillion mark. As of this writing, the total debt is $14.97 trillion, so moving beyond the symbolic $15 t
'Bloated' Federal Workforce Rises 12% as Rest of US Goes Jobless
• newsmax.comCivilian unemployment has mushroomed, sticking above 9 percent for months, although many experts put the real figure in the 18-20 percent range. Meanwhile, the number of federal employees has grown 12 percent since the official start of the recession
Santa Job Slayed By Cash-Strapped County on Long Island
• nbcnewyork.comThe county can't cough up the $660 to rehire their longtime Santa.
Unable to pay bill, Mich. city turns off lights
• finance.yahoo.comIt wasn't always this way. But when the debt-ridden community could no longer afford its monthly electric bill, elected officials not only turned off 1,000 streetlights. They had them ripped out -- bulbs, poles and all
Sony Falls Most in Eight Months on Full-Year Loss Forecast
• www.bloomberg.comThe company, based in Tokyo, said Nov. 2 it will lose 90 billion yen ($1.2 billion) in the year ending March, compared with a previous projection for a 60 billion yen profit, as it contends with competition from Apple Inc. and Samsung Electronics Co.
Clearwire Shares Soar After Sprint Says It May Provide Financial Backing
• www.bloomberg.comMoney from Sprint would allow Kirkland, Washington-based Clearwire to fund its operations and help pay for a planned network upgrade. Clearwire said this week that it has capital for 12 months and that its future may depend on Sprint
Lippmann Calls for Mortgage Forgiveness After Subprime Wagers
• www.bloomberg.comGreg Lippmann, the former Deutsche Bank AG (DB) trader who gained fame for his bets against subprime mortgages before the housing market collapsed, is calling for debt forgiveness for U.S. homeowners
U.S. Stocks, Euro, Italian Bonds Retreat Amid IMF Questions
• www.bloomberg.comStocks, the euro and Italian bonds fell as a disagreement on boosting the International Monetary Fund’s resources to fight Europe’s debt crisis overshadowed a drop in the U.S. jobless rate. Treasuries fluctuated.
What happens if deficit super committee fails? Maybe nothing.
• ChristianScienceMonitor.ComThe latest rumor in Congress is that the massive $1.2 trillion in automatic cuts – designed to take effect if the deficit super committee fails to come up with its own plan – might never happen.
Detroit in "extremely serious" fiscal shape: mayor
• ReutersDetroit is in "extremely serious financial condition," as it is projected to run out of cash next year and must take action to avoid a state takeover, Mayor Dave Bing said on Thursday. Michigan's largest city is facing a projected cash shortage of
Ron Paul Interview On CNBC / Kudlow Talking The Federal Reserve 11/02/2011
• www.dailypaul.comRon Paul Interview On Kudlow Talking The Federal Reserve 11/02/2011
Bank of America Bends to the Will of the People
• Paul LevinsonBank of America's decision to rescind its new $5 per month charge for debit cards reflects the growing power of consumers empowered by social media.
12 Reasons To Be Extremely Pessimistic About The Direction That The Economy Is Headed
• endoftheamericandream.comDo you want to feel optimistic about the U.S. economy? If so, you might not want to read the rest of this article. In many areas of the United States today, you can almost smell the fear and the anxiety in the air.
Scott Horton Interviews Charles Goyette
• antiwar.com/radioCharles Goyette, former Antiwar Radio host and author of the upcoming new book Red and Blue and Broke All Over: Restoring America’s Free Economy, discusses why America’s economic and political problems can’t be solved until...
Elite-Controlled OWS Plots the Next Big 'Net News Service
• The Daily BellWhen someone is famous "overnight" and when the controlled mainstream media pays a lot of attention to him or her, the fix is apt to be in.
Ugly Truth for the Fed: Inflation Pressures Here to Stay
• CNBCFor the Federal Reserve, policymaking these days is about deciding which of two imposing evils to take on — a decidedly moribund economy or the increasing threat that inflation poses to battered consumers.
Financials Lead Dow's Slide
• online.wsj.comNEW YORK—U.S. financial stocks slid in a broad global stock-market slide, as Greece's plans for a referendum fueled worries that the euro-zone bailout plan might fall apart.
Corzine’s MF Global files for bankruptcy
• www.nypost.comThe New York Federal Reserve said that it suspended new business with the futures trading company until it establishes that it is "fully capable" of performing its duties as a primary broker. It is one of 22 primary brokers at the New York Fed.
Dow Sinks 276 Points
• online.wsj.comStocks finished a historic month of gains on a sour note, as concerns about the plan to stave off Europe's debt woes drove a selloff.
MF Global: Likely Among the 10 Biggest Bankruptcies Ever
• blogs.wsj.comMF Global, the brokerage run by former Goldman Sachs chief Jon Corzine, today filed for bankruptcy protection, becoming one of the highest-profile U.S. victims of bad bets on European government debt.
George Carlin ~ The American Dream
• YouTube.comClassic
Tyler Durden describes the implosion of the Financial Highrises
• http://www.zerohedge.com/MF Global.... Watup?
Credit unions pounce after banks raise fees
• www.washingtonpost.comAt Lafayette Federal Credit Union in Kensington, officials wasted no time in taking aim at Bank of America’s decision to levy fees on debit cards.
As Meeting Approaches, Fed Panel Is Divided on Direction
• www.cnbc.comWhen the Federal Reserve’s policymaking committee meets on Tuesday and Wednesday, five of the 10 voting members will arrive in open disagreement with the chairman, Ben S. Bernanke, about the direction of monetary policy. Three conservative members sa
Experts: Inflating derivatives bubble could doom entire world financial system
• Terrence AymMany of the world's financial experts have reached a consensus concerning the fate of the global economy and what they see in their economic crystal balls is enough to give even Nostradamus a case of the jitters.
They see an uncontrolled financia
Eurozone Bailout Deal
Stephen LendmanA deal doomed to fail
World Power Swings Back to America
• arcleinThe American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account m
HUD AWARDS NEARLY $100 MILLION IN NEW GRANTS...
• portal.hud.gov...TO PROMOTE SMARTER AND SUSTAINABLE PLANNING FOR JOBS AND ECONOMIC GROWTH
Stocks Are Up – But Why?
• The Daily BellThe world's biggest traders and investors thus have the certainty that market itself is backed by unlimited funding. Between artificial market supports and endless fiat-money availability it is a wonder American stock markets especially have not blas
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