Patriot News Network

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

Road to Depression

Debt price soars as Moody's cuts Greece credit rating below Egypt!

ATHENS, Greece - March 7, 2011 - The Greek government has reacted angrily to Moody's decision to cut the country's credit rating below that of Egypt, a move that prompted investors to dump the debt of other struggling European economies.

Road to Depression

Rising food costs could force restaurant overhaul!

NEW YORK - March 7, 2011 - Record-high food prices could be the tipping point this year for U.S. restaurants already struggling with high debt loads and tight-fisted consumers.

The economic downturn and drop in consumer spending has sent a handful of restaurant chains - such as Uno Chicago Grill pizza, Fuddruckers and Charlie Brown’s Steakhouse - into bankruptcy court during the pa

Road to Depression

U.S. dollar faces moment of truth!

NEW YORK - March 7, 2011 - Foreign-exchange strategists at RBC Capital Markets warned Monday the U.S. dollar is trading in a crucial range, with a close below a key technical benchmark potentially triggering further trouble for the world’s reserve currency.

The greenback fell against currencies, such as Canada’s, linked to commodities, as well as the euro. The so-called DXY

Road to Depression

HSBC's loss alert on U.S. foreclosures!

NEW YORK - March 6, 2011 - It emerged last week that the Federal Reserve and the Office of the Comptroller of the Currency had stopped HSBC repossessing homes in December after identifying deficiencies in its procedures. Britain's biggest bank is the latest target of regulators after concerns that procedures, such as documentation, were not being followed correctly during repossession.

Road to Depression

Bank of England chief under fire after warning of another financial crisis!

LONDON, England - March 5, 2011 - Mervyn King, the Governor of the Bank of England, has come under fire from leading economists after warning that Britain risks suffering another financial crisis without reform of the country’s banks.

War on Freedom

Wisconsin Senate strips state workers of bargaining rights!

MADISON, Wisconsin - March 9, 2011 - Bypassing Senate Democrats who fled the state, Republican senators in Wisconsin managed to pass legislation Wednesday to strip public employees of their collective bargaining rights.

In mid-February, 14 Democrat state senators left Wisconsin to avoid having to vote on the budget repair bill. There are 19 Republican senators, but the Senate needs a

War on Freedom

Claims that Yemen police opened fire on protesters remain unsubstantiated!

SANAA, Yemen (PNN) - March 8, 2011 - Yemeni police opened fire on demonstrators attempting to expand a protest camp in the capital Sanaa on Tuesday wounding at least four, unnamed medics said.

The police fired both tear gas and live rounds in an effort to prevent the protesters against President Ali Abdullah Saleh's three-decade rule expanding the camp they have set up in a square ne