Road to Depression

States owe $30 billion in outstanding loans to federal government!

WASHINGTON (PNN) - July 16, 2012 - Already struggling to cut budgets and pay for services like health care and education, nearly half the 50 states owe the federal government billions of dollars in outstanding loans.

Road to Depression

Protests multiply against cuts in Spain!

MADRID, Spain (PNN) - July 16, 2012 - Hundreds of Spanish firemen, police officers and nurses marched yelling through the streets Monday, denouncing as "robbery" the pay cuts enforced under Spain's latest fiscal emergency plan.

Road to Depression

France's proposed tax hikes spark exodus of wealthy!

PARIS, France (PNN) - July 16, 2012 - The latest estate agency figures have shown large numbers of France’s most well heeled families selling up and moving to neighboring countries.

Many are fleeing a proposed new higher tax rate of 75% on all earnings over one million euros.

Road to Depression

Banksters steal homes with fraudulent mortgages over as little as $400!

WASHINGTON (PNN) - July 10, 2012 - The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group.

Road to Depression

Scranton slashes government worker pay to minimum wage!

SCRANTON, Pennsylvania (PNN) - July 9, 2012 - Firefighters, thug cops and other public workers in a Pennsylvania city saw their wages slashed to minimum wage rates on Friday, in a move by the cash-strapped city to balance its budget.

Road to Depression

French president says zero growth so far this year!

PARIS, France (PNN) - July 9, 2012 - France enjoyed a boost in investor confidence with a successful bond auction Monday, but also got a warning from the president that growth so far this year is "nil" and that the country needs to rethink its social model.

Road to Depression

FPSA reports nearly $1 trillion deficit for first three quarters of 2012!

WASHINGTON (PNN) - July 9, 2012 - The Congressional Budget Office estimates the Fascist Police States of Amerika will report nearly a trillion dollar deficit for the first nine months of fiscal year 2012.