Patriot News Network

The following collection of articles by various authors are their opinions, inspiration and humor for your reading enjoyment.

Road to Depression

Job growth grinds to a halt in August!

WASHINGTON (PNN) - September 2, 2011 - Employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

Nonfarm payrolls were unchanged, the Labor Department said on Friday, the weakest reading since September. Nonfarm empl

Road to Depression

Tax Revolt: Restaurants in Greece refuse to pay VAT rise!

ATHENS, Greece - September 1, 2011 - Tax evasion in Greece threatened to take organized form on Thursday when café and restaurant owners refused to pay a 10-point VAT rise, as a deep recession clashes with the government’s increasingly desperate search for revenue.

The steep rise in value added tax on the hospitality sector from 13%- 23% is part of a package of fiscal measures agr

Road to Depression

Factories falter as orders fade away!

LONDON/SINGAPORE (PNN) - September 1, 2011 - Factory activity stalled last month as new orders tumbled, heightening fears that the global economy is heading for another downturn, a series of surveys showed on Thursday.

The Purchasing Managers' Indexes showed manufacturing activity contracted in the euro zone for the first time in almost two years in August, echoing earlier data from

Road to Depression

Entitlements are Ponzi scheme and U.S. owes $211 trillion!

WASHINGTON - August 31, 2011 - In an interview with National Public Radio, former Reagan economic adviser Laurence Kotlikoff said the United States’ "true indebtedness" amounts to $211 trillion.

That's more than 15 times the official figure.

Road to Depression

AMBROSE EVANS-PRITCHARD: Global trade buckles in second quarter!

By Ambrose Evans-Pritchard

LONDON, England - August 31, 2011 - Global trade buckled suddenly in the second quarter as Europe flirted with recession and Asia came off the boil, while Canada's bellwether economy contracted outright, adding to the darkening picture across the world.

Road to Depression

Poverty crisis in U.S. gambling paradise!

LAS VEGAS, Nevada (PNN) - August 31, 2011 - The first people arrived when it was still dark and by 7.30 a.m. more than 150 of them were lining up outside the church in northeast Las Vegas, waiting for the food bank truck to unload its cargo of fruit, vegetables and canned goods.

Road to Depression

Teens target cyclists in knockout game!

ST. LOUIS, Missouri - August 29, 2011 - There’s an alert out about recent assaults on bike riders in south St. Louis.

Trailnet.org, an organization that promotes hiking and biking, is cautioning riders to be on the alert for roving bands of teenagers who swarm and attack riders.