Wednesday, 17 August 2011

Is Capitalism Doomed?
Advanced Economies On The Brink Of A Double-dip Recession

By Nouriel Roubini

We need to return to the right balance between markets and provision of public goods.


Anonymous protests close San Francisco underground stations: Bart rail stations targeted after police shoot man dead and shut down parts of mobile phone network

World Bank head warns of danger ahead: Zoellick says loss of market confidence in economic leadership of key countries has pushed markets into a danger zone.

Moody's revises US forecast downward: On Monday the international rating agency Moody's revised its forecast downward for the U.S. with regard to the real GDP growth in the second half of 2011.

Texas Governor Rick Perry, threatens Bernanke Perry appeared to suggest a violent response would be warranted should Federal Reserve Chairman Ben Bernanke “print more money” between now and the election.

Seniors Fighting to Keep Social Security, Medicare from Budget Chopping Block: The money working people depend on in Medicare and Social Security belongs to those who contributed to the programs, not to politicians in Washington who want to use it as a piggy bank

A factory in rural Georgia sells chopsticks to China: Jae Lee, a former scrap-metal exporter, saw an opportunity and began turning out chopsticks for the Chinese market late last year

Verizon Strike: As Billions Roll In, Workers Walk Out: At Verizon locations throughout the Northeast, 45,000 workers started walking picket lines Sunday.