Britannia Radio

The Real Economy is Jobs and Paychecks

By Robert Reich

Many big American companies have been showing profits because they're doing ever more business in China while cutting payrolls at home. American consumers aren't buying much of anything because they've lost their jobs or are worried about losing them, and are still trying to get out from under a huge debt load (the latest figures show more consumer debt delinquent now than last year and a surge in personal bankruptcies). Continue

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Richest Lawmakers Grew Wealthier as Economy Faltered

By Rachel Rose Hartman

The rest of the country is still struggling with high unemployment amid a sluggish-at-best economic recovery -- but the wealthiest members of Congress are in high cotton. Indeed, the top 50 wealthiest lawmakers saw their combined net worths increase last year. Continue

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Wage Slaves

Drowning in Debt: US Students Helpless to Pay Off Education

By Russia Today

A ticking time bomb of American debt. Over $830 billion are owed by college students in the US with $3 thousand more added on every second. The most traditional financial baggage for Americans was credit card debt. For the first time, debt belonging to college students has over taken that number one spot.Continue

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Our Long National Nightmare Isn't Over, It's Just Beginning

By David Michael Green

I'm an American. I live in a country - nay, an empire! - that insists on destroying itself. I'm part of the generation of decline. My people are the fools who perfected the fine art of committing suicide by stupidity. Continue

Rahm Emanuel's 'F--k The UAW': White House Pushes Back On Account In Rattner Book, UAW Prez Responds

More than 400 US Banks Will Fail: Roubini: More than half of the 800-plus US banks on the "critical list" are likely to go bust, according to renowned economist Nouriel Roubini of Roubini Global Economics.

Sellers Cut Prices on 50% of Homes: Seven cities saw price reductions on more than half of their inventory, with Jacksonville, Phoenix and Minneapolis on top with 55 percent, 54.4 percent and 52.4 percent, respectively.

More window dressing? Government to Deploy Broader Mortgage Aid: The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners who owe more than their homes are worth.

Summer jobs hit all-time low for youths: Only 47.6% of people ages 16 to 24 had jobs in August, the lowest level since the government began keeping track in 1948, the Labor Department said Friday. By comparison, 62.8% of that age group was employed in August 2000.

Survey of employed finds 25 percent lost a job during recession: Just over a quarter of the nation's 139 million currently employed workers endured a bout of unemployment during the Great Recession, according to results of a Pew Research Center survey released Thursday. And they tend to be less satisfied in their current jobs than are other workers.

Stranger than fiction: Evict the dead?: Cemetery In Foreclosure