Sunday, 27 March 2011


By Mike Whitney

Prices are falling, home equity is drying up, foreclosures are at record highs, and the incentive to "walk away" and let the bank take the mortgage-loss has never been greater. Continue



By: Jeff Cox

The US ranks near the bottom of developed global economies in terms of financial stability and will stay there unless it addresses its burgeoning debt problems. Continue

UK Has 350 Special Forces In Lybia Assisting Rebels : The Daily Mail can reveal there are an estimated 350 already mounting covert operations. The troops in Libya were drawn from a squadron of SAS and SBS personnel, some who have been in the country for a month and are being re-supplied with water, food and ammunition via airdrops from Cyprus.

Rebels thank France but want 'outside forces' to quit Libya: The insurgents have thanked Nicolas Sarkozy for his armed intervention in Libya, saying "foreign forces" must go.

Fears rise that Japan could sell off U.S. debt: Some lawmakers and market analysts are expressing rising concerns that a demand for capital by earthquake-ravaged Japan could lead it to sell off some of its huge holdings of U.S.-issued debt, leaving the federal government in an even tighter financial pinch.

Household wealth down 23% in 2 years - Fed: The average American family's household net worth declined 23% between 2007 and 2009, the Federal Reserve said Thursda