The number of U.S. workers filing new claims for jobless benefits surged last week to their highest level in 16 years, Labor Department data showed on Thursday, as a harsh economic environment forces employers to cut back on hiring.
• Fed Signals Ready to Cut Rates Amid Glum Outlook
In an article entitled “Deflation: Disaster or Just A Nice Discount?”, the Wall Street Journal says we’ve already got deflation.
• What Uncle Sam Has to Tell His Creditors
• The Chrysler Bailout
• Michael Moore: ‘It’s the end of capitalism as we know it’
• EU is costing Britain £106K a MINUTE
While naive, giddy and myopic establishment leftists have been celebrating the great "change" heralded by the election of Barack Obama, the President elect has been busy appointing people to key positions who advocate the same Neo-Con imperialist foreign policy crafted during eight years of the Bush administration.
• Ron Paul Warns That U.S. Will Support Israeli Attack On Iran
• Iran said to have enough nuclear fuel for one weapon
• Israel urges united front against Iran
• Obama’s “Coalition of the Willing” Against Iran?