Unraveling the Welfare Safety Net
Europe Moves Closer to Banktatorship
By Mike Whitney
The EU Commission and ECB are allowing the crisis to grow to achieve their goal, which is the creation of a fiscal union controlled by banks that has unlimited access to funding and the power to impose policy (“austerity”) through coercion.
China arrests top security official on suspicion of spying for U.S. : It is a case both countries have kept quiet for several months as they strive to prevent a fresh crisis in relations.
US to shift naval firepower to Asia-Pacific: Defence chief Leon Panetta announces major strategy shift that will assign 60 per cent of US fleet to Pacific by 2020.
House Republicans add half-billion dollars to Pentagon budget: Critics claim the extra cash is a “slush fund” for potential pork-barrel projects in lawmakers’ districts.
Euro zone unemployment hits record high, seen rising: - Euro zone unemployment has hit a record high, and job losses are likely to keep climbing as the bloc's devastating debt crisis eats away at businesses' ability to hire workers while indebted governments continue to cut staff.
The Cable News Nightmare: CNN (and Piers Morgan) in audience crisis: Figures from ratings agency Nielsen show that America's most famous rolling news brand has just experienced its worst month for almost 20 years, parting company with more than 50 per cent of its audience in 12 months.
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