Bankers: BP seeks $1B loan each from 7 banks: Reuters: BP raising bilateral loans to bypass expensive bond market Kick Ass or Buy Gas? : How Taxpayers Are Subsidizing BP’s Disaster Through the Pentagon Strikes in China signal end to era of low-cost labour and cheap exports: China's rulers make statements supporting workers rights as series of high-profile strikes suggest economic turning point IMF: France Economic Outlook Subject To High Uncertainty: Growth in France is sluggish in 2010 and forecast to pick up only slightly in 2011, and the IMF said Paris needed to navigate a delicate balance between fiscal consolidation and stimulating job creation. Spain not looking for IMF bailout says Zapatero: The Prime Minister of Spain, Jose Luis Rodriguez Zapatero, has denied rumours that his nation is on the verge of asking the IMF and the EU for a bailout, despite a visit by the head of the IMF, Dominique Strauss-Kahn. Euro 'will be dead in five years': The euro will have broken up before the end of this Parliamentary term, according to the bulk of economists taking part in a wide-ranging economic survey for The Sunday Telegraph. US jobless claims in surprise rise: New claims for jobless insurance benefits in the United States rose unexpectedly for the second straight week, the government said Thursday on concerns unemployment may derail the "economic recovery". Nevada’s unemployment rate to reach No. 1 in U.S.: Nevada now has the highest unemployment rate in the nation. The official numbers come out tomorrow, but News 4 has learned that the statewide jobless rate will reach 14 percent for May. Man Loses Home During Cancer Fight: Despite Pleading, Bank Forecloses On Home: To the bank, he said, he was just another name and number, not a person trying to provide for his family and fight the cancers that had invaded his body. In jail for being in debt: "They have no right to do this to me," said the 57-year-old patient care advocate, her voice as soft as a whisper. "Not for a stupid credit card."
Saturday, 19 June 2010
By Ray McGovern, Daniel Ellsberg and Coleen Rowley
It is a safe bet that NSA, CIA, FBI and other agencies have been instructed to do all possible to make an example of Wikileaks leader, Australian-born Julian Assange, and his colleagues. Much is at stake -- for both Pentagon and freedom of the press. Continue
Must Read - By Glenn Greenwald
From the start, this whole story was quite strange for numerous reasons. In an attempt to obtain greater clarity about what really happened here, I've spent the last week reviewing everything I could related to this case and speaking with several of the key participants (including Lamo, with whom I had a one-hour interview last night that can be heard on the recorder below. Continue
A Return to Feudalism and the City-State
Must listen interview with Dr. Michael Hudson.
Economic crisis in Europe created by predatory lending. Continue
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