Monday, 24 May 2010



By Edmund Conway

Leading City experts have started raising the prospect of "Great Depression II" amid worries that the European economic crisis could trigger a deeper bout of chaos. Continue



Must watch 2 minute video

John Clarke and Bryan Dawe calculate the cost of the European debt crisis. Continue


Stabilization, Growth and Inequality

By James Petras 

The new rising middle class used its past leftist and social connections to the mass movements to rise to power; it consolidates power via its control over the state and subsidies to movement leaders. Continue



El NiƱo could make 2010 the hottest year ever: CLIMATE scientists have warned that 2010 could turn out to be the warmest year in recorded history.

UK duchess in newspaper scandal: Sarah Ferguson, Britain's Duchess of York, has allegedly been caught in a newspaper sting carried out by Britain's News of the World.

32 States Have Borrowed from the Federal Government to Make Unemployment Payments; California Has Borrowed $7 Billion: EconomicPolicyJournal.com has learned that 32 states have run out funds to make unemployment benefit payments and that the federal government has been supplying these states with funds so that they can make their payments to the unemployed

Las Vegas Unemployment Rate At 14.2 Percent: Seasonal hiring did little to improve the jobless crisis in Las Vegas last month. In fact, despite adding 2,500 jobs, the city’s unemployment rate soared to a new record of 14.2 percent.

A perfect storm for unemployment in June: While there is plenty of talk about the economic recovery, there is barely a whisper about what is just a few weeks ahead. It's not any one thing. It's a combination of three (and possibly four) different events that will deliver devastating body-blows to the economy.

Central Falls Rhode Island - Bankrupt - Goes Into Receivership: City officials Wednesday persuaded a Superior Court judge to appoint a receiver to take over municipal finances, a process that could end up with new contracts imposed on the city’s unions and vendors.