Investors pay to lend to Germany, want more from France: - Investors paid to lend Germany a combined 3.9 billion euros for six months on Monday, accepting a loss in a renewed flight to safety from the euro zone debt crisis. Europe's Crisis Is Germany's Blessing: Its neighbors may be suffering, but the euro crisis has created conditions that actually benefit the German economy. Not only is the government enjoying the windfall of negative interest rates on bonds, but unemployment is down and exports are booming. Greece should quit euro unless "massive" funding given: Czech: Greece should leave the euro zone and devalue its new currency unless Europe is willing to provide "massive" funding for the indebted country, Czech central bank Governor Miroslav Singer said in a newspaper interview. For Many Americans, Jobs Crisis to Last Many Years: The amount of jobs in the economy is still about 6.1 million lower than before the brutal 2007-2009 recession. At December's pace of gains, it would take about 2 1/2 years just to get back to pre-recession levels of employment. Pennsylvania to impose asset test for food stamps: Pennsylvania plans to make the amount of food stamps that people receive contingent on the assets they possess - an unexpected move that bucks national trends and places the commonwealth among a minority of states.
Thursday, 12 January 2012
By Michael T. Klare
Welcome to an edgy world where a single incident at an energy “chokepoint” could set a region aflame, provoking bloody encounters, boosting oil prices, and putting the global economy at risk. Continue
By Debora MacKenzie
At the beginning of the 1970s, a group of young scientists set out to explore our future. Their findings shook a generation and may be even more relevant than ever today. Continue
The intrigue is at its height
By: Bob Chapman
The European problem is going to spread from the original six that includes Italy and Spain to Austria and then to France. That $1 trillion swap was the temporary fix, but what do you do for an encore? Use fractional banking of course.Continue
By Jeff Cohen
With U.S. media obsessing on the fight here at home among conservatives vying to become president, most of them missed some big news about France, which already has a conservative president. Continue
By Richard RJ Eskow
The Obama White House continues to push for a settlement that would let bankers avoid being punished - or even investigated - for a wave of mortgage-related crimes that includes perjury, tax evasion, and several types of fraud.Continue
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