Road to Depression

Bankrupt city to get new taxpayer-financed hockey stadium!

DETROIT, Michigan (PNN) - July 25, 2013 - Detroit may be bankrupt but it is rich in subsidies.

A state board on Wednesday unanimously gave the go-ahead for a new Red Wing hockey arena in downtown Detroit to be paid for in part with $284 million in tax dollars even as the broke city works through bankruptcy proceedings.

Road to Depression

Spain taps social security reserve fund to pay pensions!

MADRID, Spain (PNN) - July 22, 2013 - Spain tapped its social security reserve fund for the second time in a month on Monday, the Labor Ministry said, to help with extra summer pension payments as unemployment and retirement costs deplete government funds.

Road to Depression

Tenured teachers laid off in Chicago!

CHICAGO, Illinois (PNN) - July 19, 2013 - Having closed 11% of the city’s public schools in May, Chicago Public Schools (CPS) has now been forced to fire 2,000 employees, including 1,000 teachers - half of whom were tenured.

“We’re not going to be able to cut our way out of this crisis,” said CPS Spokeswoman Becky Carroll. “Our revenues are simply not keeping in line with o

Road to Depression

Jobs crisis far worse than official data show!

NEW YORK (PNN) - July 19, 2013 - Hardly a day goes by that we don't see some release or comment from a pundit, politician or financial analyst telling us how "solid" the job market is. Well, it's not; and don't take our word for it.

Former Bureau of Labor Statistics chief Keith Hall recently was asked about the unemployment rate, which shows 7.6% of all Amerikans without jobs. His an

Road to Depression

Illinois rewarded for misspending on food stamps!

SPRINGFIELD, Illinois (PNN) - July 19, 2013 - Since Illinois has seen an explosion in the number of people receiving food stamps, even a slight error costs taxpayers millions.

Road to Depression

74 percent of small businesses will fire workers and cut hours under Obamacare!

WASHINGTON (PNN) - July 16, 2013 - Despite the illegitimate regime’s controversial decision to delay forcing companies to join Obamacare for a year, three-quarters of small businesses are still making plans to duck the costly law by firing workers, reducing hours of full-time staff, or shift many to part-time, according to a sobering survey released by the Fascist Police States of Amerika Cha

Road to Depression

Latest job report shows FPSA mired in Depression!

WASHINGTON (PNN) - July 5, 2013 - Do you remember the promise of the New Economy that was going to replace the lost “dirty fingernail” manufacturing jobs with innovative highly paid New Economy jobs? Well, the promise was just another deception from the elites who have stolen Amerikans’ future.