Call the Politburo, We’re in Trouble
Entering the Soviet Era in America
By Tom Engelhardt
Even if the world can’t imagine what a bankrupt America might mean -- it’s far clearer that, in the titanic struggle of the two superpowers that we came to call the Cold War, there were actually two losers, and that, when the “second superpower” left the scene, the first was already heading for the exits, just ever so slowly and in a state of self-intoxicated self-congratulation. Continue
BY GERARDO REYES AND CASTO OCANDO
Venezuela's president said a Miami judge is likely to issue a warrant for his arrest in a money-laundering case. Continue
BY GERARDO REYES AND CASTO OCANDO
Venezuela's president said a Miami judge is likely to issue a warrant for his arrest in a money-laundering case. Continue
Food Prices Are About To Explode: A new report from the Food and Agriculture Organization of the United Nations (FAO) and the Organisation for Economic Co-operation and Development (OECD) forecasts soaring gloal food prices over the next decade.
Spain: the new crisis in Euroland: European leaders meet in Brussels today amid growing fears that Spain, Europe's fifth-largest economy, is preparing to ask for a bailout which would dwarf the €110bn (£90bn) rescue plan for Greece.
More Than 90 Banks Miss TARP Payments: More than 90 U.S. banks and thrifts missed making a May 17 payment to the U.S. government under its main bank bailout program, signaling a rising number of lenders are struggling to meet their obligations.
Home builders won’t lift the economy this time: Fewer homes mean fewer jobs. Construction fuels a broad swath of industries across the economy. Yet double-digit unemployment is among the main reasons people have passed on buying new homes. Even with near-record-low mortgage rates, the industry is struggling.
Mortgage Fraud Probe Results in Almost 500 Arrests: The investigation involves 1,250 criminal defendants who are allegedly connected to losses amounting to $2.3 billion.
In U.S., 15 Percent Lack Health Insurance: Survey: The survey found that 46.3 million people had no health insurance in 2009, a bit up from 43.8 million in 2008. This included more than 6 million children under 18.
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