Saturday, 3 September 2011

When debt levels turn cancerous: Now we know where the tipping point lies. Debt becomes poisonous once it reaches 80pc to 100pc of GDP for governments, 90pc of GDP for companies, and 85pc of GDP for households. From then on, extra debt chokes growth.

We Are in 'Worse Situation' Than in 2008: Roubini: The world’s developed economies are trapped at the “stall speed” of low growth and need to have greater fiscal stimulus and less austerity to kick-start growth, leading economist Nouriel Roubini told CNBC Friday.

Sharp slowdown in world manufacturing: A new batch of economic data released Thursday reaffirms that the world economy is slowing disastrously. Manufacturing activity in Europe shrank for the first time in two years in August, while Canada announced that its economy contracted in the second quarter.

US adds zero jobs in rough August: The stuttering US economy added no jobs in August amid recession fears and political turmoil over the government's finances, bleak official data showed Friday.

The REAL Unemployment Rate Is 22%:

Humor: Labor Day Officially Moved to China: First U.S. Holiday to be Outsourced

Amazon offers Calif. 7,000 jobs if it drops tax: Amazon.com Inc has proposed a hiring spree of 7,000 jobs in California if state leaders put a recently enacted online sales tax on hold for two years.

25 Corporations Paid More To Their CEO Last Year Than They Paid In Taxes: As Americans across the country grappled with the widespread effects of the Great Recession, tax dodging by corporations and the wealthy cost the average U.S. taxpayer $434, even as corporate profits soared 81 percent.