Road to Depression
European Central Bank dashes hopes as EU seeks crisis deal!
BRUSSELS, Belgium - December 8, 2011 - The European Central Bank spooked financial markets on Thursday by dousing hopes of dramatic crisis-fighting action in the euro area shortly before European leaders began what the French president billed as a last chance summit.
Euro crisis uncertainty!
ATHENS, Greece - December 6, 2011 - Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone. By withdrawing money, they are forcing banks to scale back their lending - and are inadvertently making the Depression even worse.
Georgios Provopoulos, the governor of the c
Investors go for Canadian currency as haven!
OTTAWA, Canada (PNN) - December 5, 2011 - Canada's dollar is turning into a haven for foreign-exchange investors shunning European turmoil and seeking the safety of the U.S. without the budget deficits or political gridlock.
Outlaw officials refuse to accept legal tender for payment of taxes!
SALT LAKE CITY, Utah (PNN) - December 3, 2011 - A Utah man who wants to pay his taxes with silver coins has been rebuffed by outlaw state and county officials who claim it's impractical to accept the precious metals, even though state law says silver is legal tender.
Earlier this year, Utah became the first state in the country to legalize gold and silver coins as currency. But becau
Metal thieves take TV station off the air!
RIVERSIDE, Kalifornia - December 1, 2011 - A metal theft at a Riverside County mountaintop antenna site has knocked San Bernardino-based KVCR-TV off the air until repairs are completed.
This is the second incident of this type since last weekend. Both thefts hit the station’s remote-controlled transmitter on Box Springs Mountain that overlooks Moreno Valley to the south and the San
S&P downgrades Australia's banks!
MELBOURNE, Australia - December 2, 2011 - Investment bank Macquarie Group was hit with a two-notch cut to its credit rating in a surprise move last night, as the big four were also downgraded.
Jobless claims edge above 400,000!
WASHINGTON (PNN) - December 1, 2011 - New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the Depression continues.
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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