The Fate of Europe, nearing the point of decision: : Will Europe become a collection of pawns? Or unify into a great nation? The time of decision approaches. Our news media ignore key aspects of the situation, making the actions of Europe’s leaders look foolish. They’re not.
'EU splitting amid financial crisis': Max Keiser, financial journalist, tells us that Germany is to take control of the European economy and become the sole superpower in the European continent.
Massive default is best way to fix the economy: Commentary: Clearing away the debt is the only way forward
IMF: Austerity boosts unemployment, lowers paychecks: In a new paper for the International Monetary Fund, Laurence Ball, Daniel Leigh and Prakash Loungani look at 173 episodes of fiscal austerity over the past 30 years. Their verdict? Austerity “lowers incomes in the short term, with wage-earners taking more of a hit than others; it also raises unemployment, particularly long-term unemployment.”
Median Male Worker Makes Less Now Than 43 Years Ago: While the fact that a record number of Americans are living in poverty should not surprise anyone at this point, what should surprise many is that according to Table P-5 of the Census report of (Lack of) Income, the median male is now worse on a gross, inflation adjusted basis, than he was in... 1968!
Mortgage rates lowest in decades, but few qualify: Mortgage rates have reached their lowest levels in six decades, making this the best time in most Americans' lives to buy or refinance a home. Yet most people can't take advantage.
Thousands jailed in the US for being poor: In what might seem like an un-American plot twist from a Charles Dickens’ novel, advocates for the poor say, some parents are wrongly being locked away without any regard for their ability to pay child support — sometimes without the benefit of legal representation.
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