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.
Tuesday, 25 May 2010
By Mike Whitney
Do the Euro leaders really think they're smart enough to pull the wool over Wall Street's eyes? Wall Street invented fraud; they're not about to be duped by prissy politicians in tweed suits. Continu
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
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