(Fox) – Judge Andrew Napolitano with Lou Dobbs, Walter Williams and Tom Palmer – Continue reading
(EconomicCollapse) – Thousands of police officers have been laid off all across America since the current economic crisis began. Thousands more are getting ready to be laid off. So could we be on the verge of a new era of chaos and anarchy in America as crime runs wild and there are just far too few police to respond to it all? That is the message that one blood-smeared billboard in Stockton, California is trying to get across. Paid for by the Stockton, California police union, the message of the billboard is chillingly clear: “Welcome to the 2nd most dangerous city in California. Stop laying off cops.” As state, city and local governments across the United States continue to be devastated by the ongoing economic crisis, budget cuts are becoming much deeper and police forces have suddenly become a very popular target. Continue reading
(Independent) – How Goldman gambled on starvation
By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Read More Here
(Telegraph) – Britain facing £5.5 billion EU sanction
Britain could face sanctions costing the taxpayer £5.5 billion if it fails to meet spending targets set by a new EU “economic government”, under European Commission proposals. Read More Here
(PressTV) – ‘Corporates may cause rise in hunger’
Economic moves by major investment firms like Goldman Sachs, Merrill Lynch, and Deutsche Bank may cause a rise in hunger, according to a leading economist.
Professor Jayati Ghosh of the Centre for Economic Studies in New Delhi made the remarks on the sidelines of the G20 summit in Toronto last week, The Independent reported on Friday. Read More Here
(NYTimes) – Robert Prechters Market Forecast Says “Take Cover”
A proponent of the Elliott Wave theory for market forecasting sees trouble ahead: a slide worse than the Great Depression or the Panic of 1873. Read More Here
(Telegraph) – The latest threat to the global recovery: state capitalism
Stated in one bald paragraph it sounds a little apocalyptic. But Ian Bremmer, the highly respected author who is president of the Eurasia Group in the United States, makes a compelling case. The financial crisis has left Western capitalism nervous and risk averse, constantly under attack from a body politic keen to take advantage of public anger over the events of 2007 and 2008. Issues like the control of the banking system, remuneration and the failure of so much of the financial sector, whether Northern Rock, Lehman Brothers, AIG or Royal Bank of Scotland, has created a fundamental crisis in confidence. Read More Here
(StopCartel) – Economic, Crisis, Greek Theater, Our Drama – Read More Here
(FinanceMyMoney) – California budget nightmare – in 1970 California took in 28 percent of state revenues from personal income taxes. Today, the state pulls in 52 percent from personal income taxes. Massive shift to service oriented state – Read More Here
(PressTV) – UK mulling food vouchers distribution
The unemployed whose benefits have been cut off by government will receive food vouchers by charities supported by the government to make up for the cuts in welfare spending. Read More Here
(PressTV) – ‘US facing Soviet-like disintegration’
A senior Iranian lawmaker, Alaeddin Boroujerdi, has warned the US of imminent collapse, saying its approaches bring to mind soviet policies before disintegration.
“America’s conduct toward the world bears great resemblance to that of the Soviet Union before its disintegration,” Fars News Agency quoted the head of the Parliament’s National Security and Foreign Policy Commission as saying on Friday. Read More Here
(NYTimes) – In Ireland, a Picture of the High Cost of Austerity
As Europe’s major economies focus on belt-tightening, they are following the path of Ireland. But the once thriving nation is struggling, with no sign of a rapid turnaround in sight. Read More Here
(WSWS) – Sri Lankan budget imposes IMF austerity demands – Read More Here
(InternationalForecaster) – The U.S. Economy is Falling. Towards another Credit Collapse?
The housing market is in serious freefall with builders scheduled to increase units by 535,000 this year. As sales fall so will big bank balance sheets. That means we are facing another credit collapse. Read More Here
Video: Enough is Enough
(YahooFinance) – Video: U.S. Economy “Is a Complete Disaster”
The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip. – Continue reading
Here are closing stores, restaurants, layoffs etc just in the last few days! I’m sure the readers here are familiar with some of these businesses. Click on the links. Comments on “Green Shoots”?
Johnnie Walker’s Men Store in Milwaukee Wisconsin
Pipkin Cameras and Imaging Store in Oklahoma City
Allain Gallery in Richmond Virginia
Stone’s Throw Golf Course in Newton Ill
Glacier Ice Arena in Grand Junction Colo.
Maumee 18 Theater in Maumee Ohio
Eccentrix in Joplin MO
The White Pine Copper Refinery
3M to Close Ardmore Plant – 125 Jobs Lost
Provincetown High School in Mass.
B&G Golf in Brookfield
Update: Taylor Sawmill in Enfield ill
Pages New and Rare Bookstore Arizona
Select Medical Corp Manchester MO Facility – 66 layoffs
Caye Upholstery, Closing 2 NC Facilities – 160 Jobs Lost
Ripley County Fair NY
Blockbuster in Oak Ridge Tenn.
The Hubbard BMV in Ohio
The Golden Corral Buffet & Grill restaurant on Seminole Trail VA?
Update: Ken Lee’s Gallery 11 in Steamboat Springs
Hillsborough County FL – 200
Brown University Bookstore RI – 8
Lucas County Sheriff’s Office OH – 16
La. Department of Education – 31
Exempla Healthcare – 100 Position from Hospitals in Denver
Boeing – Lost of Constellation Funding Could = 180 Layoffs
City of Romulus – 32 Layoff Notices
Burke County Public Schools NC – 70
Middleboro School District – 30
Marian Community Hospital – 26
Cinram – 482
The Siena Hotel Spa Casino in Reno – Eliminating Table Games = 35 Layoffs
(Guardian) – The number of antidepressants prescribed by the NHS has almost doubled in the last decade, and rose sharply last year as the recession bit, figures reveal.
The health service issued 39.1m prescriptions for drugs to tackle depression in England in 2009, compared with 20.1m in 1999 – a 95% jump. Doctors handed out 3.18m more prescriptions last year than in 2008, almost twice the annual rise seen in preceding years, according to previously unpublished statistics released by the NHS’s Business Services Authority.
The increase is thought to be due in part to improved diagnosis, reduced stigma around mental ill-health and rising worries about jobs and finances triggered by the economic downturn. Read More Here