Secret list shows fate of Argentine disappeared: The documents - copies of which were obtained by the AP - include handwritten notes made during torture sessions, reports about spying efforts, the names of intelligence agents and the identities of bodies. Many bear the stamps and signatures of police and military agencies and officials. Scrap dollar as sole reserve currency: U.N. report: A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value. National debt soars to highest level since WWII: The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office. May pending home sales tumble without tax credits: The number of buyers who signed contracts to purchase homes tumbled in May, a sign the housing recovery can't survive without government incentives. Let them eat cake: 1.3 million unemployed won't get benefits restored: For the third time in as many weeks, Republicans in the Senate successfully filibustered a bill Wednesday night that would have continued unemployment checks to people who have been laid off for long stretches. New jobless claims rise in sign of weak job market: Initial claims for unemployment benefits rose last week for the second time in three weeks. At the same time, more than a million people have lost benefits and more could be cut off now that Congress has failed to extend federal jobless aid. Recession cut into employment for half of working adults, study says : The recession has directly hit more than half of the nation's working adults, pushing them into unemployment, pay cuts, reduced hours at work or part-time jobs, according to a new Pew Research Center survey.
Saturday, 3 July 2010
By Bill Quigley and Alex Tuscano
When President Barak Obama went after BP and demanded a $20 billion dollar fund be set up for victims of the Gulf oil spill, the people of India were furious. They saw a US double standard. The US demonstrated it values human life within the US more than the lives of the people of India.Continue
By Michael Pento
Messrs. Barack Obama, Benjamin Bernanke and Timothy Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students of the market second--if at all. Therefore, it is not wise to count on them to tell us when the Great Recession is over, or to provide a plan to prevent another one in the future. Continue
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