Economic News

(LATimes) – Small-business bankruptcies rise 81% in California

With credit tight and consumers still pinching their pennies, many business owners find they can’t go on. Read More Here

“Monetary Policy” Transfers Your Children’s Future Earnings to the Financial Elite

The bail-out of Wall Street and the banking and mortgage industries is not monetary policy; it is a massive transfer of wealth from future taxpayers to the Financial Power Elite. Read More Here

(MailOnline) – 27,000 firms go bust (and the same again are at risk)

More businesses have gone bust in the current recession than in any other since records began, figures show. Read More Here

(MailOnline) – £10bn of rip-off overdraft charges won’t be refunded

Banks will be able to keep £10billion from rip-off overdraft charges after the Office of Fair Trading abandoned a legal challenge yesterday. Read More Here

(RussiaToday) – Video: 9/11 heroes in life-struggle as Obama signs multi-billion war bill

President Obamas plan to pump more than six hundred billion dollars into U.S. defense next year has outraged many Americans. Rescuers whose health suffered after working at Ground Zero say the government should pay for their medical care – not pour more money into war. Video Link Here

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