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Category archives for: Economy

UKIP Leader to EU Parliament: “The EU Titanic has now hit the iceberg. Break up the Eurozone!”

Eurozone breakup

May 13, 2012 (TSR) - In an impassioned plea before the European Union’s so-called “Parliament,” United Kingdom Independence Party (UKIP) leader and popular MEP Nigel Farage compared the EU to the Titanic hitting the infamous iceberg — warning that mass civil unrest, revolution, the re-emergence of National Socialism (Nazism) and economic disaster could all be imminent [...]

Hollande snubs Cameron: You only care about “the City” and treat Europe like self-service Restaurant

Outspoken Hollande: 'Europe is not a cash till and less still a self-service restaurant, Cameron'

May 9, 2012 (TSR) - France’s new president Francois Hollande has made a thinly-veiled attack on David Cameron by claiming Britain treats Europe ‘like a self-service restaurant’. The new Socialist president-elect made his aggressive position towards the UK clear while outlining plans for his first meeting with Prime Minister David Cameron. Asked by the news website [...]

ILO report: Worldwide unemployment over 200 million

'We must act now to reverse the slow-down in employment growth,' International Labour Organisation (ILO) director general, Juan Somavia, Photograph: Martial Trezzini/EPA

May 2, 2012 (TSR) - The International Labor Organization, in its annual report on global labor conditions issued Monday, forecast that more than 200 million workers will be unemployed in 2012. The United Nations agency estimated that 50 million jobs had been wiped out since the 2008 financial crisis, and predicted no worldwide recovery in jobs [...]

Eurasian Secret West Hates: China’s High-speed Railway Land Bridge to Europe

F. William Engdahl-big

by F. William Engdahl, Economist and Freelance Journalist April 30, 2012 (TSR) - The prospect of an unparalleled Eurasian economic boom lasting into the next Century and beyond is at hand. The first steps binding the vast economic space are being constructed with a number of little-publicized rail links connecting China, Russia, Kazakhstan and parts of [...]

China’s Rise, America’s Fall: Which Superpower is More Threatened by Its “extractive elites”?

Ron Unz

by Ron Keeva Unz, Chairman, English for the Children April 25, 2012 (TSR) - The rise of China surely ranks among the most important world developments of the last 100 years. With America still trapped in its fifth year of economic hardship, and the Chinese economy poised to surpass our own before the end of this decade, [...]

The Obama Economic Recovery: Rhetoric and Reality

obamarecoverymadesimple

April 12, 2012 (TSR) - Arguably the most noteworthy feature of President Obama’s reelection campaign is its sheer cynicism. Having devoted his entire tenure to protecting and expanding the wealth of the financial elite at the expense of the working population, Obama is now presenting himself as the partisan of the common man and opponent of [...]

Tax bill precipitates crisis for Japanese government

Yoshihiko Noda

April 3, 2012 (TSR) - Japanese Prime Minister Yoshihiko Noda’s cabinet approved a sales tax hike bill on March 30 and submitted it to the Diet for deliberation. The measure has split the government under conditions of widespread popular opposition to the tax and disillusionment with all the major parties. The ruling coalition is made up [...]

Spanish government unveils €27 billion in budget cuts

Spain-Financial-Crisis

April 3, 2012 (TSR) - On Friday, Spain’s Popular Party government announced €27.3 billion (US$36.4 billion) in cuts to the 2012 budget. With cuts equivalent to 2.5 percent of gross domestic product (GDP), the budget is the most austere since the fascist dictatorship. The figure, which includes cuts of €15 billion announced in December, will be [...]

The Greek Bailout and Germany’s “Plan B”: If Germany bails on the Euro, the EU will collapse

Merkel Greece

March 13. 2012 (TSR) - While the Second Greek Bailout may or may not be complete (depending on whether we get a credit event as a result of it), Germany can and will walk from the Euro if it needs to. This is the unforeseen black swan everyone is ignoring. Obviously, Germany wouldn’t want to do this as it would [...]

How Greece Could Take Down Wall Street

0211-greece-debt-protest_full_600

February 24. 2012 (TSR) - In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15th: Financial market cynics have assumed all along that Dodd-Frank did not end “too big to fail” but instead created a charmed circle of protected banks labeled “systemically important” that will [...]


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