Five Million Workers to Exhaust Unemployment Benefits by June: According to the BLS, there are a record 6.31 million workers who have been unemployed for more than 26 weeks (and still want a job). This is a record 4.1% of the civilian workforce. (note: records started in 1948). You won't believe the sweetheart deal that the Indymac boys were given by the FDIC. Video Rich Getting Richer Rewards as Credit-Card Law Refutes Bankers: Credit-card write-offs, or loans deemed uncollectible, jumped 59 percent to $89 billion last year from $56 billion a year earli
Wednesday 17 February 2010
By Hugh Tomlinson in Dubai
These are the faces of 11 suspects wanted in connection with the murder of a senior Hamas Comander. Continue
By The Associated Press
The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion. Continue
By Paul Craig Roberts
The media has headlined good economic news: fourth quarter GDP growth of 5.7 percent ("the recession is over"), Jan. retail sales up, productivity up in 4th quarter, the dollar is gaining strength. Is any of it true? What does it mean? Continue
Inverted Totalitarianism
By Chris Hedges
American journalist and Pulitzer winner Chris Hedges told RT the United States has developed a new form of corporate totalitarianism. Continue
By Shamus Cooke
Some cancer is too aggressive even for chemotherapy. The US political system is infected with such a disease; and we may be witnessing the first death spasms. In a country ravaged by war and economic crisis, with tens of millions of people suffering, politicians are capable of doing absolutely nothing to help ordinary people. Continue
Video Interview
Marc Faber talks about total disaster with a collapse of capitalistic system. Continue
Have we really been brainwashed?
By William Bowles
There has been much talk expended over the years on the degree to which the media—and hence culture—is central to maintaining the capitalist system. Leading the charge have been Noam Chomsky and Edward Herman, so much so that they now more resemble sainted objects than social/political analysts, but then this is nothing new for the left, who unfortunately for the most part are happy to let others do the thinking for them. Continue
By Case Wagenvoord
Since Americans believe that there is no class but the middleclass, the working class came to believe that an above-ground pool and two cars in the garage made it middleclass. So it flocked to a Republican Party that proceeded to screw it. Continue
By Alfred Lubrano
There is, some say, a deep American anger toward the poor for violating the near-sacred belief that all people can pull themselves up by their bootstraps. It's connected to a notion, rooted in Puritanism, "that the poor must have done something wrong because they weren't blessed by the heavens, as the prosperous are," Continue
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