Posted by seumasach on August 10, 2010
10th August, 2010
House prices fall as economy sees house prices fall
Government austerity measures are already plunging the British economy into reverse according to figures published today which reveal sagging high street sales and renewed falls in house prices.
Posted in Financial crisis, UK economy | Tagged: economic collapse | Leave a Comment »
Posted by seumasach on July 5, 2010
Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really is. The truth is that what we are experiencing is not simply a “downturn” or a “recession”. What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen. Our greed and our debt are literally eating our economy alive. Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. We have nearly totally dismantled our once colossal manufacturing base, we have shipped millions upon millions of middle class jobs overseas, we have lived far beyond our means for decades and we have created the biggest debt bubble in the history of the world. A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious.
Posted in Financial crisis | Tagged: economic collapse, End of empire | 2 Comments »
Posted by seumasach on March 5, 2010
Jo Comerford
4th March, 2010
Send up a flare! The 2011 federal budget has sprung some leaks in the midst of a storm. Not sure there’s enough money for life rafts! Forget women and children first!
Posted in Financial crisis | Tagged: economic collapse | Leave a Comment »
Posted by seumasach on February 27, 2010
Jim Spellman
26th February, 2010
Colorado Springs, Colorado (CNN) — If you come to a neighborhood park in Colorado Springs, plan on bringing your own trash bags.
To save money, the city has removed the trash cans.
Need to catch a bus? Don’t try on evenings or weekends. The city has cut that service, too.
Posted in Financial crisis | Tagged: economic collapse, End of empire | Leave a Comment »
Posted by seumasach on February 18, 2010
David DeGraw
18th February, 2010
The economic elite have robbed us all. The amount of suffering in the United States of America is literally a crime against humanity.
“The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.” – Michael Lind, To Have and to Have Not
We all have very strong differences of opinion on many issues. However, like our founding fathers before us, we must put aside our differences and unite to fight a common enemy.
Posted in Financial crisis | Tagged: economic collapse, financial collapse | Leave a Comment »
Posted by smeddum on September 2, 2009
Stocks slide, shrugging off manufacturing rebound
By SARA LEPRO, AP Business Writer –
Tue Sep 1, 2:16 pm ET
NEW YORK – The stock market’s six-month rally finally gave way Tuesday, succumbing to resurgent worries about the fragility of the banking industry and the economy as a whole. Read the rest of this entry »
Posted in Uncategorized | Tagged: economic collapse | Leave a Comment »
Posted by seumasach on April 13, 2009
Migrant workers hit hardest by economic slump
12th April, 2009
The queue snaked through the city centre: hundreds of desperate people waiting patiently for a food parcel filled with basics such as bread, beans and sugar.
Posted in Financial crisis | Tagged: economic collapse | Leave a Comment »
Posted by seumasach on April 8, 2009
Posted in Financial crisis | Tagged: economic collapse, financial collapse, new economy | Leave a Comment »
Posted by seumasach on March 10, 2009
David Gordian
9th March, 2009
In recent days we have seen even mainstream Democratic figures as Joe Stiglitz and Paul Krugman sound the alarm on what seems to be uncertainty in the Obama administration. Stiglitz, Krugman et al. are following in their essential critique a path well worn over the past few weeks by a range of commentators to be found as much among the Austrians as those on the liberal-to-left part of the spectrum. The fundamental point is, of course, that it is now clear to all but the militantly unreflective that Obama can – perhaps – save the Real economy or – perhaps – save Finance (i.e. Bank bond- and shareholders), but certainly not both. The increasing, but still relatively gentle, criticism of Stiglitz, Krugman and their ilk is owing to the fact that it is becoming all too clear that Obama is still unwilling to engage Finance in what might turn out to be the greatest intramural fight capitalism has ever seen.
Posted in Financial crisis | Tagged: bailout real economy, Destruction of real economy, economic collapse, financial collapse, Obama agenda, stop the bailout | 1 Comment »
Posted by seumasach on February 26, 2009
26th February, 2009
It would take an average of 93 years for people contacting a debt charity for help to repay their borrowings at an affordable rate, research showed today.
Posted in Financial crisis | Tagged: bankrupt Britain, economic collapse, Financial crisis, household debt | 3 Comments »
Posted by seumasach on February 25, 2009
Latvia’s centre-right government resigned last Friday, against the background of a worsening economic crisis. This is now the second European government to collapse as a result of the international financial crisis, following the government of Iceland, which resigned in January after mass protests had filled the streets of Reykjavik.
Posted in Battle for Europe | Tagged: economic collapse, financial collapse | 1 Comment »
