The Darker Side of China's 'Miracle' The Joy of Sachs Press Has Become Virtual "Escort Services" for Moneyed Elites 35,000 UK stores to close this year?: As many as 35,000 UK shops could close this year as the recession bites hard into the British economy. That’s a prediction included in a report by Experian and featured on The Money Programme tonight on BBC2, presented by retail ghoul Mary Portas (right). City suspends payment of contracts: Running out of cash because of the state budget deadlock, the City of Philadelphia has stopped paying many of its bills until the impasse is resolved, City Finance Director Rob Dubow said this morning. Bankruptcy Filings up 33 Percent over a 12-month Period: Total 12-month Total of Bankruptcy Filings 1.2 Million. In last Report, Filings up 27 Percent in one month. Buy truck, get AK-47 4:56: The owner of a Missouri dealership is giving away free AK-47s with the purchase of any truck.
By David Sirota
Here in the countryside is the soundstage of a post-apocalyptic sci-fi flick: filth-covered tenements slapped together with crumbling cement and kitchen tile; limbless paupers with burned faces begging for food; an atmosphere choked by soot, exhaust and the stench of human excrement. Continue
By Paul Krugman
The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it’s preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us? Continue
By Raw Story
More and more mainstream media are brokering cozy relationships between politicians and lobbyists. Continue
Saturday, 18 July 2009
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