Road to Depression

The most homeless children in New York City since the Great Depression!

NEW YORK (PNN) - December 8, 2013 - At a time when Wall Street is absolutely swimming in wealth, New York City is experiencing an epidemic of homelessness. The last time there was this many homeless children in New York City was during the days of the Great Depression; and the number of homeless children in the Fascist Police States of Amerika overall recently set a new all-time record.READ MORE

Road to Depression

41 percent of net new jobs in November were in government!

WASHINGTON (PNN) - December 6, 2013 - Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41% of the total of 818,000 net additional jobs created in the Fascist Police States of Amerika during the month.

Road to Depression

Holiday shopping season off to a horrible start!

NEW YORK (PNN) - December 2, 2013 - According to the National Retail Federation, Amerikans spent an average of 4% less over the four day Thanksgiving weekend this year than they did last year. Overall, that means that approximately $1.7 billion less was spent at Fascist Police States of Amerika retailers compared to last year. It had already been projected that this holiday shopping s

Road to Depression

Greece says no deal with debt inspectors!

Disagreements remain on job cuts and home foreclosures.

ATHENS, Greece (PNN) - November 29, 2013 - Bailout inspectors postponed a trip to Athens next week, as government officials acknowledged key issues remained unresolved in negotiations needed for future rescue loan payouts.

Road to Depression

Brazil raises interest rate to 10 percent as it battles inflation!

BRASILIA, Brazil (PNN) - November 28, 2013 - Brazil's central bank has raised its benchmark interest rate to 10% from 9.5%, the sixth time in a row that it has increased borrowing costs.

The latest rise has taken the key rate to the highest level since March 2012.

Road to Depression

Pending home sales collapse at fastest pace in two years!

NEW YORK (PNN) - November 25, 2013 - Despite the downtick in rates for a month or two, the housing “recovery” appears to have come to an end. This is the fifth consecutive monthly decline in pending home salesand even though a smorgasbord of Wall Street's best and brightest doth protest, it would appear the lagged impact of rising rates is with us for good. This is the biggest decline since

Road to Depression

China announces that it is going to stop stockpiling dollars!

NEW YORK (PNN) - November 20, 2013 - China just dropped an absolute bombshell, but it was almost entirely ignored by mainstream media in the Fascist Police States of Amerika. The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”.