Tuesday, 23 August 2011



By Mike Whitney

As the former European Commission chief Jacques Delors said on Thursday, "Open your eyes: the euro and Europe are on the edge of the precipice." Continue



By Stephen C. Webster

The U.S. Federal Reserve made approximately $1.2 trillion in loans from public money to support Wall Street firms in the midst of one of the worst financial crises ever. Continue


UK: Home finances 'fell for 40% of households in August': Almost 40% of households saw their finances deteriorate between July and August, according to a survey by the financial information company, Markit.

Biden reassures China U.S. is solvent: "And very sincerely, I want to make clear that you have nothing to worry about."

Guess Where Coca-Cola Is Investing $4 Billion: Atlanta based Coca-Cola (KO) plans to invest $4 billion in China, the company's CEO Muhtar Kent told reporters in Shanghai this week.