Wednesday, 2 June 2010

A Crude Awakening
The Oil Crash

Video Documentary

This startling documentary reaches an ominous yet logical conclusion the Earth's oil supplies are peaking and a crisis of global proportions looms. Even more alarmingly, industrial societies don't have any plans how to deal with the shortage, threatening the future of our post-industrialised fossil fuel-addicted civilization with disaster. Continue



Three American cities on the brink of broke: Several downtrodden cities are on the verge of defaulting on their debt, putting financially encumbered states and taxpayers on the hook to pick up the tab.

Four more Ga. banks get consent orders: Consent orders are strong formal censure agreements between regulators and a troubled bank. Under the orders, banks do not admit fault, but must undergo a significant overhaul to satisfy regulators.

Senate Chooses Vacation Over Unemployment Extension Bill: Once again, the US Senate has chosen to ignore the plight of thousands of American citizens and put its own schedule of precious vacation time above the needs of the unemployed.

Plenty of money for war, but far too little to help nation's jobless: No one I know is deliberately trying to stay out of work to collect the government's $450 per week unemployment subsidy when they are used to making comfortable salaries.