Friday, 21 November 2008

Jobless Claims Hit 16-Year High, Above Forecast 
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 


We’ve Already GOT Deflation - The Only Question is Whether It Is the Good Kind or the Bad Kind
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

The Imperialism You Can Believe In
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?