Greece's economy deeper in recession than forecast: Record jump in Greek unemployment prompts that crisis could intensify social unrest World stock markets on high alert as recession fears remain: Fears that Britain could slide into a protracted depression intensified last night after the Bank of England warned of a long and 'choppy recovery' U.S. bailouts benefited foreign firms, report says: The federal government's effort to stabilize the financial system in 2008 by flooding money into as many banks as possible resulted in a boon to many foreign firms and left the United States shouldering far more risk than governments that took a narrower approach, according to a new report by a panel overseeing the Treasury's $700 billion bailout fund. Paul Krugman: America Goes Dark: The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno. New claims for unemployment aid reach 484K: The employment picture is looking bleaker as applications for jobless benefits rose last week to the highest level in almost six months.
Saturday, 14 August 2010
By Jeremy Scahill
Kucinich is putting his money where his mouth is. He just announced he has introduced legislation to "prohibit the extrajudicial killing of United States citizens." Continue
By Mike Whitney
Obama can talk-the-talk, but he can't walk-the-walk. He can roll up his sleeves, point at the horizon, and work his magic on a stadium full of fans. But he can't shut down Gitmo or indict a few bankers who blew up the financial system. Continue
The Recovery is Not Recovering
By Danny Schechter
The Congress returned from its recess to pass new monies to keep teachers teaching and cops patrolling. They did so by slashing food stamps so the unemployed and poor -some 41 million people who rely on them---will have to cut back further. Continue
By Kevin Drum
How websites routinely track your movements on the web and collect a genuinely astonishing amount of personal information about you in the process. Continue
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