Riots as Greece increases sales tax: : The centre-left government has increased the main sales tax from 19 to 21 per cent, as part of a €16-billion ($22-billion) austerity package intended to cut the budget deficit by almost a third this year.
The EU is set to bail out Greece: big mistake: Greece will be condemned to years of deflation and poverty. A generation of able and ambitious Greeks will emigrate. It lacks the drama of a bust-up, but it’s immeasurably sadder.
European finance minister agree Greece rescue plan: After a meeting in Brussels, they revealed few details, except that they had ruled out any loan guarantees.
A MUST WATCH: Author Michael Lewis On Wall St's Delusion: What Led to Wall Street Collapse and Who Predicted It
In case you missed it: Predatory Lenders' Partner in Crime: How the Bush Administration Stopped the States From Stepping In to Help Consumers
U.S., U.K. Move Closer to Losing Rating, Moody’s Says : The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service.
Social Security Marks First Deficit in Decades: Social Security is going to start paying out more in benefits this year than it's collecting in taxes -- close to $29 billion more.
Social Security to start cashing Uncle Sam's IOUs: The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration. It's time to start cashing them in.
Pink slips sent to thousands of Calif. teachers: California's budget crisis could cost nearly 22,000 teachers their jobs this year.
The Obesity-Hunger Paradox: A recent survey found that the most severe hunger-related problems in the nation are in the South Bronx, long one of the country’s capitals of obesity.
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