Less healthcare, but Greece is still buying guns: Greeks furious at 'intact' arms spending as eurozone leaders insist on cuts to their public services France unveils $138bn bid to slash deficit: French PM announces austerity measures and tax rises totalling $138bn in bid to eliminate budget deficit by 2016. U.S. Poverty Rate Rises to 16 Percent: The U.S. poverty rate was 16 percent in 2010 measured under an alternative method, up from the official rate of 15.2 percent released earlier, according to the Census Bureau. Wealth gap between old and young becomes widest ever: While people typically accumulate assets as they age, this wealth gap is now more than double what it was in 2005 and nearly five times the 10-to-1 disparity a quarter-century ago, after adjusting for inflation. Most of the unemployed no longer receive benefits: The jobs crisis has left so many people out of work for so long that most of America's unemployed are no longer receiving unemployment benefits. Large numbers of US households to be denied heating assistance this winter: The ongoing economic crisis has driven up the number of American households applying for home heating assistance this winter. Federal funds, however, are likely to be slashed virtually in half from last year. Banks Mum on Customer Switches: An estimated 650,000 consumers have transferred $4.5 billion from banks to credit unions since the end of September.
Tuesday, 8 November 2011
Posts
