Economy

(C4L) – The New Push for a Global Currency – Lew Rockwell

You surely didn’t think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man’s hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us. Read More Here

(WashTimes) – Social Security in the red this year – first time since 1983 – Read More Here

(Military.Com) – Combat Vets Face More Unemployment – Read More Here

(DrHousingBubble) – Million dollar California foreclosures – 35 examples of massive upper-tier foreclosures including one home that is underwater by $2.2 million. Santa Monica housing still in a bubble – Read More Here

(NYTimes) – Exotic Deals Put Denver Schools Deeper in Debt – Read More Here

(MyFox) – Camden Closing Library System – Read More Here

(Bloomberg) – Obamacare Only Looks Worse Upon Further Review: Kevin Hassett – Read More Here

(DailyMail) – NHS cuts 11,000 jobs as union threatens legal action over privatisation plans – Read More Here

(WSJ) – U.S. Employers Shed Jobs – Read More Here

(Reuters) – US Postal Service loses $3.5 bln in third quarter – Read More Here

(Bloomberg) – Fannie Mae Seeks $1.5 Billion From U.S. Treasury After 12th Straight Loss – Read More Here

(Bloomberg) – Video: Marc Faber on China’s Shark Loan Ponzi Finance – View Video Here

See Also: (CNBC) – Video: Marc Faber – Fed’s Printing Press to Create Final Crisis – View Video Here

(Fox) – Video: Judge Napolitano – Red State Tax Hikes – View Video Here

(Reuters) – Obama’s August Surprise Sounds Like Election Scam

Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of some $800 billion. Full article here

(Telegraph) – Reckless Europe beats reckless America at property bubbles

Once and for all, let us nail the lie that the global credit crisis was basically a US sub-prime property bubble that went wrong, and that Europe was merely an innocent bystander hit by shrapnel. Read More Here

(WSWS) – US jobless claims, bankruptcies rise

The barrage of grim US economic data continued Thursday with the Labor Department’s report that first-time claims for unemployment benefits jumped by 19,000 last week, bringing the total to 479,000, the most since April. Like virtually all of the recent US economic reports, the jobless claims figures were worse than analysts’ forecasts. Read More Here

(AlterNet) – Crazy Economists Are Still Defending The Wall Street Bailout As The Recession Gets Worse

Economists are still spinning fairy tales so they can celebrate bank bailouts. Too bad everybody’s still broke and out of work. Read More Here

(IPS) – Rich Countries’ Farm Subsidies Benefiting Royals

Subsidies for agriculture in the industrialised countries of the world grew again in 2009, benefiting the largest companies and land owners, such as Prince Albert of Monaco and Queen Elizabeth of Britain.

The latest increase came despite repeated and consistent evidence that such subsidies contribute to the destruction of the livelihoods of poor farmers in developing countries, especially in Africa, and that they distort international trade. Read More Here

Climategate

(TruthSeeker) – Record Cold Grips South America

“The last time something of this magnitude happened was 47 years ago”, said governor Costas. Read More Here

(PaulWatson) – Globalists Race To Enforce Criminal Carbon Tax

$100 Billion A Year Levy Is About Bankrolling Global Government And Lining The Pockets Of Con Artist Oil Men Soros, Strong and Gore, Has Nothing To Do With Saving The Environment Read More Here

See Also:

(ComingDepression) – World Wide Layoffs Worsen As The Coming Depression Nears –

The City of Marshall Texas – 15

Lyods ( International ) – Warns of More Job Cuts

Carrollton Texas – 40

Alcoa Inc Ohio Plant – 71

The State Department of Mental Health Boston – Planning to Cut 100 Beds,  and Significant Layoffs

Borders will outsource work at a customer call center in Rutherford County – 100

Alameda-Contra Costa Transit CA – More Jon Cuts Possible

Nonprofit BETA Center in FL – 11

Smith County Texas – at least 30 Layoffs Possible

NewPage Corporation – Layoffs Likely

High Voltage Software – Reported at least 20, but Unconfirmed

Core-Mark Midcontinent Inc – 104 in Johnstown NY

Update: BAE Systems – 1,000+ at Sealy Location>

Ikanos Communications Inc – 20% of Staff

UniCredit SpA Italy Biggest bank – 4,700 Over Next 3 Years

Subprime lender Fremont General Corp – 20 Possible

Saint Peter’s University Hospital in New Brunswick NJ – 200

Cypress Bioscience Inc – 86% of Workforce or 123 jobs

Siemens Germany – 2,000 IT Positions

Mount Laurel NJ – 14

The Cape Henlopen School District DE – Warns of 22 Possible Job Cuts

Plainridge Racecourse – 160

Huntington Beach CA – 22

City of Grapevine TX – Layoff Possible

Update: QinetiQ Group ( International ) – 325

Sea Ray Boats – 18

Rhode Island’s T.F. Green Airport – 22

PSL North America – 300

Cinram Manufacturing Inc in Olyphant PA – 310

Thomas Built Buses – 219 Temp. Layoffs

Gudebrod Inc – Layoffs entire Staff 60-65 , Hopefully its only Temp.

Boeing – 800 in Long Beach

Update: Santa Cruz County CA – 100 Layoffs Likely Friday

APAC Customer Services’ Corpus Christi call center – Major Layoffs Possible

Minnesota State University-Mankato – 12

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