Ex-Clinton strategist: Obama needs event ‘similar’ to OKC to ‘reconnect’ with voters: Former Hillary Clinton campaign adviser and current public relations executive Mark Penn suggested that President Obama needs a moment "similar" to the tragic terrorist attack on the Oklahoma City federal building, in order to "reconnect" with voters. UK: Airports cash in on terror checks: £5 charge to jump queues 'they keep long': At least eight have introduced the system and are charging travellers up to £5 to beat the queues. Oakland residents awaken to broken windows, debris: Residents of an Oakland neighborhood besieged by several hundred protesters following the sentencing of a former transit officer have awoken to broken car windows and debris More Bankrupt Banks: U.S. regulators close 4 more banks: Federal regulators on Friday closed four banks, bringing the total number of failures this year in the U.S. to 143. Republicans willing to trade spending cuts for extension of federal unemployment benefit program: The GOP also pledges to block any new taxes and wage a "sustained battle" against federal regulators that seek to limit the private sector. Economy 101: Unemployment by the Numbers: How different groups and industries fared in the October jobs report Foreclosure Timelines Continue to Stretch: LPS notes that the average time a loan remains delinquent in judicial states such as New York and Florida now exceeds 500 days. Nationwide, more than 4.3 million loans are currently 90 or more days delinquent or in foreclosure, according to LPS JPMorgan Chase to Restart Suspended Foreclosures: Bank of America says it has begun resubmission of 102,000 cases affected by procedural errors. GMAC Mortgage has re-filed 9,523 affidavits with the courts, and is in the process of reviewing another 15,500. 40% of Americans cutting Thanksgiving fat: . With the economy still struggling American families are planning to scale back their Thanksgiving celebrations this year
Sunday, 7 November 2010
An interview with professor Michael Hudson - By Democracy Now!
"The object of warfare is to take over a country’s land, raw materials and assets, and grab them," Hudson says. "In the past, that used to be done militarily by invading them. But today you can do it financially simply by creating credit, which is what the Federal Reserve has done." Continue
By Mike Whitney
Millions of Americans have no idea what Quantitative Easing is or how it will effect them personally.Continue
By Associated Press
Newly empowered Republicans want spending cuts of $5 billion to $6 billion a month as a condition for extending emergency unemployment benefits that are scheduled to expire next month for millions of Americans. Continue
By Sara Murray
Some 42,389,619 Americans received food stamps in August, a 17% rise from the same time a year ago, according to the U.S. Department of Agriculture. That number is up 58.5% from August 2007, before the recession began. Continue
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