Road to Depression

FPSA jobless claims continue to rise!

WASHINGTON (PNN) - August 23, 2012 - The number of Amerikans filing new claims for jobless benefits unexpectedly rose last week, suggesting the labor market is healing too slowly to make much of a dent in the unemployment rate.

Road to Depression

FPSA poverty jumps to highest level in a half century!

NEW YORK (PNN) - August 22, 2012 - Poverty is spreading at record levels across many groups in the Fascist Police States of Amerika, from underemployed workers and suburban families to the poorest of the poor, and is projected to climb to the highest level in nearly half a century as the ongoing Second Great Depression threw millions of people out of work last year.

Road to Depression

Federal fascist policies support ongoing Second Great Depression!

WASHINGTON (PNN) - August 22, 2012 - Illegitimate President Obama and Congress are flirting with both the ongoing Second Great Depression and a bigger jump in unemployment next year unless they head off looming tax increases and spending cuts - but doing so could mean a fifth straight year of trillion-dollar deficits, the government’s chief scorekeeper said Wednesday.

Road to Depression

FPSA foreign debt hits record high!

LONDON, England (PNN) - August 18, 2012 - The Fascist Police States of Amerika might officially be the worst neighbor on Earth: the FPSA now owes its allies $5.2923 trillion, the most money the country has ever been indebted to its foreign friends in the history of the nation.

Road to Depression

FPSA inflation little changed in July!

NEW YORK (PNN) - August 15, 2012 - Although there are signs that growth has strengthened in the third quarter, the combination of a soft labor market and slower inflation mean there is little to stop the Federal Reserve from launching a third round of quantitative easing in September.

Road to Depression

Eurozone edges back towards recession!

BRUSSELS, Belgium (PNN) - August 14, 2012 - The eurozone edged closer towards its second recession in three years after a resilient economic performance from Germany and France failed to prevent the single currency bloc from contracting in the second quarter.

Road to Depression

Chinese companies pull out of FPSA stock markets!

NEW YORK (PNN) - August 14, 2012 - Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of Fascist Police States of Amerika exchanges.