The Beast Is Starved:
Welcome to the Next Great Depression
By John Atcheson
The dirty little secret is that we never had a debt “crisis.” We had a jobs crisis. Continue
Microsoft's Use Of Low-Tax Havens Drives Tax Bill To 7 Percent Of Profit: - If you want to know why tax from surging corporate profits isn't making much of a dent in the United States' crippling budget deficit, a glance at Microsoft Corp's recent results provides some clues.
Unemployment rose in 90 percent of U.S. cities in June: Unemployment rose in 345 large metro areas during the month, according to the report.
Layoffs Explode Nearly 60% In July: A sudden and unexpected burst in private-sector downsizing pushed the number of announced job cuts to a 16-month high of 66,414 in July, according the latest report on downsizing activity released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
Sharp fall in consumer spending, manufacturing in US: Economic data released this week provides further evidence that economic growth in the US has virtually come to a halt. The Commerce Department reported Tuesday that consumer spending fell by 0.2 percent in June, the first monthly decline since September of 2009.
The Tent City of New Jersey: Desperate victims of the economic slump forced to live in makeshift homes in forest
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