Sunday, 29 July 2012

The Plan to Gut Social Security
Behind Obama’s Fake Recovery

By Mike Whitney

Obama is just as committed to gutting Social Security as Romney. The only difference is that he’s a better pitchman.Continue


Spanish unemployment hits 25 percent in June: Spain’s jobless rate neared 25 percent in June, officials said Friday, darkening the recession outlook despite relief on financial markets at a vow of support by the European Central Bank.

Foreclosure filings increase in 60% of large US cities: Across the nation, one in 126 households received a foreclosure notice in the first half, RealtyTrac said. Of the 212 metro areas with at least 200,000 residents, 125 cities had an increase in filings from the latter half of 2011.

Living Paycheck To Paycheck Is Reality For Two In Five Households: Report: According to a report from the Consumer Federation of America and the Consumer Planner Board of Standards, Inc., 38 percent of households live paycheck to paycheck. In 1997, this figure was 31 percent.

Facebook shares hit record low as fifth of value is lost in one day: Company's first public set of financial results loses Zuckerberg friends on Wall Street