Road to Depression

FPSA to lose $25 billion in taxpayer funds on auto bailout!

WASHINGTON (PNN) - August 13, 2012 - The Fascist Police States of Amerika Treasury Department says in a new report that the government expects to lose more than $25 billion on the $85 billion auto bailout. That's 15% higher than its previous forecast.

Road to Depression

Stockton thug cops and firefighters have no money to buy gas!

STOCKTON, Kalifornia (PNN) - August 7, 2012 - One of Kalifornia’s bankrupt cities is struggling to keep its pig thug cops and firefighters in service. The two public safety departments have no gasoline in the pumps at their stations, because companies refuse to service those in bankruptcy.

Road to Depression

Wisconsin governor brings state into the black two years in a row!

MADISON, Wisconsin (PNN) - August 3, 2012 - Wisconsin Governor Scott Walker, who came into office last year, blew out a multibillion dollar state budget deficit with his cost cutting measures, fought off a recall, and watched as his state soared in popularity among business owners as its unemployment rate plunged, has some advice for Washington.

Road to Depression

World’s oldest shipping company closes!

LONDON, England (PNN) - August 10, 2012 - The world’s oldest shipping company sold its last vessel and is going out of business, according to the liquidator.

Stephenson Clarke Shipping Ltd., started in 1730, has been placed into liquidation, according to a statement from accounting firm Tait Walker. The Newcastle-Upon-Tyne, England-based shipper, which employed nine people, sold of

Road to Depression

Another Kalifornia city files for bankruptcy!

San Bernardino has over $1 billion in debts.

SAN BERNARDINO, Kalifornia (PNN) - August 2, 2012 - San Bernardino filed for bankruptcy protection on Wednesday citing more than $1 billion of debts and making it the third Kalifornia city to seek protection from creditors.

Road to Depression

Midwest businesses suffer due to extreme weather!

OMAHA, Nebraska (PNN) - August 1, 2012 - The ongoing drought, combined with global economic turmoil, is hurting business in nine Midwest and Plains states and boosting worries about the ongoing Second Great Depression.

Road to Depression

Global factories struggle as growth fears rise!

NEW YORK/LONDON (PNN) - August 1, 2012 – Fascist Police States of Amerika and euro zone factory activity slumped again in July while Chinese manufacturing hit an eight-month low, surveys showed on Wednesday, as economies worldwide showed signs of slowing.