Tuesday, 31 May 2011


Coming to America

By Eric Margolis

Viva la revolution! Spain’s youth are staging boisterous but peaceful protests across the country that many call the Iberian version of the popular revolutions sweeping the Arab world.


A Nobel Economist Says Globalism Is Costly For Americans

By Paul Craig Roberts

The IMF report said that the US economy has been seriously eroded and that the age of America is over.



By Mike Whitney

The slowdown has begun. The economy has started to sputter and unemployment claims have tipped 400,000 for the last seven weeks.



By Prof. Michael Hudson

Is Iceland’s rejection of financial bullying a model for Greece and Ireland?


U.S. to view major cyber attacks as acts of war: report: The Pentagon has adopted a new strategy that will classify major cyber attacks as acts of war, paving the way for possible military retaliation, the Wall Street Journal reported Tuesday

Banks demand savage austerity measures in Greece: Officials with the European Central Bank (ECB), International Monetary Fund (IMF), and the European Commission (EC) have been deployed to Athens this week to finalise plans with the Greek government for another round of savage austerity measures.

Food prices set to double by 2030, aid group says: Food prices could double in the next 20 years and demand in 2050 will be 70 percent higher than now, U.K. charity Oxfam said on Tuesday, warning of worsening hunger as the global food economy stumbles close to breakdown.

Cuts in US welfare programs hit hundreds of thousands of poor families: US states are implementing drastic cuts to the Temporary Assistance for Needy Families (TANF) program, creating further hardships for 700,000 families that include 1.3 million children.

Comin' this summer... $5 gas: Goldman Sachs' crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a gallon in New York just like the summer of 2008 that preceded the recession.


May 30, 2011

'Western Troops on the Ground' in Libya

By Julian Borger and Martin Chulov

Al Jazeera video report: Soldiers may be British, possibly SAS – which would break UN resolution over any 'occupation force'. Continue