Road to Depression
S&P downgrades eurozone bailout fund!
LONDON, England - January 16, 2012 - The European Financial Stability Facility lost its top credit rating at Standard & Poor’s after the rating company downgraded France and Austria.
Five European nations to be downgraded!
NEW YORK (PNN) - January 13, 2012 - Standard & Poor's will cut the credit ratings of Italy, Spain and Portugal by two notches and downgrade France and Austria by one notch, a French newspaper said Friday, without citing its sources.
Bulk foreclosure sales could cause bigger bank losses!
NEW YORK - January 12, 2012 - As government, federal regulators, and big-money private investors try to figure out a plan for bulk sales of foreclosed properties, big banks are already making deals, but they are few and far between.
Children abandoned by parents who can no longer afford to look after them!
ATHENS, Greece - January 11, 2012 - Children are being abandoned on Greece's streets by their poverty-stricken families who can no longer afford to look after them.
Youngsters are being dumped by parents who are struggling to make ends meet in what is fast becoming the most tragic human consequence of the ongoing Depression in Europe.
Hostess Brands preparing to refile for bankruptcy!
NEW YORK - January 10, 2012 - There's a report that Hostess Brands, the maker of Wonder Bread and Twinkies, is preparing to refile for Chapter 11 bankruptcy protection just two years after emerging.
French squirreling away cash at record rate!
PARIS, France - January 9, 2012 - French savers are squirrelling away their spare cash at the fastest rate in nearly 30 years, putting a drag on consumer spending in the eurozone’s second-biggest economy while helping its banks’ balance-sheets.
Even in the best of times France is among the most thrifty nations in the developed world, but the threat of Europe’s debt crisis sprea
Kodak on brink of collapse!
NEW YORK (PNN) - January 5, 2012 - Eastman Kodak Co. is preparing to seek bankruptcy protection in the coming weeks, people familiar with the matter said; a move that would cap a stunning comedown for a company that once ranked among Amerika's corporate titans.
The 131-year-old company is still making last-ditch efforts to sell off some of its patent portfolio and could avoid Chapter
MORE ARTICLES
- Fascist Police States of Amerika regional bank stocks crash!
- FPSA pending home sales unexpectedly tumble in September!
- Which cities have the highest risk of a housing bubble?
- Gas prices fall below 90 cents a gallon at one Wisconsin gas station!
- Sixty percent of Amerikans won’t be able to cover basic necessities in a month or less!
- Southern Kalifornia home sales crash!
- The state of Amerika's debt slaves!
- New home sales decline 9.3%!
- FPSA retail store closings hit a new record high as west coast homelessness soars!
- Commentary: 1 in 4 Amerikans are completely broke and in no position to help themselves!
- Illinois official says state is in massive crisis mode!
- S&P and Moodys cut Illinois to near junk status!
- Five highly respected financial experts warn that a market crash is imminent!
- Greek debt deal collapses after 8 hours of negotiation!
- Crashing Canadian mortgage lender bailed-out by retired healthcare workers!
- Canada housing bubble explodes as its biggest mortgage lender crashes!
- FPSA home prices rise at the fastest pace since July 2014!
- Home sales crash to lowest level since 2008 as pricing reset gets underway!
- The number of new businesses in the FPSA is collapsing!
- Retail sales growth tumbles to 6-month lows!
- Tent cities full of homeless people are booming all over Amerika as poverty spikes!
- 1 in 6 working age males has no job under Obama!
- In 50 years this has never failed to trigger a bear market!
- Amerika’s hidden jobless rate is a product of a conspiracy!
- Today's layoff news!
- Spain's debt now worth more than value of the economy!
- FPSA homeownership falls to nearly its lowest level in history!
- The FPSA government has a $20.4 trillion retirement problem!
- One quarter of Amerikans in their prime working years are unemployed!
- FPSA existing home sales tumble in warning sign for housing market!
- New home sales unexpectedly plunge!
- Swiss politicians slam attempts to eliminate cash!
- FPSA CEOs unleash Depression fears in earnings calls!
- FPSA services economy slumps to weakest in 13 months!
- Wal-Mart is closing hundreds of stores and laying off thousands of employees!
- The worst ever stock market start is just the beginning!
- Brazil slides into the brink with industrial production down 12%!
- Baltic Dry Index careens to fresh record low!
- FPSA banks have 247 trillion dollars of exposure to derivatives!
- Spending was at an all time low for Black Friday this year!
- Puerto Rico debt bomb about to explode!
- Baltic Dry Shipping Index drops to all-time low!
- Latest payroll jobs numbers are false and misleading!
- Markets are back at panic levels!
- Ailing global economy starts to weigh on FPSA job market!
- The truth about unemployment in Amerika!
- Record 94,031,000 Amerikans not in labor force!
- Canada officially enters recession!
- Dow plunges 531 points!
- S&P 500 drops below trading range as global selloff intensifies!
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