Patriot News Network

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

Election 2010

Business groups poised to turn judges into politicians!

CHICAGO, Illinois - November 2, 2010 - Campaign donations to members of Congress from secret donors and foreign investors are grabbing headlines this election season.

But in a new twist in judicial elections this year, business groups are targeting judges over single-issue rulings - from overturning medical malpractice limits to upholding homosexual marriage - in retention races that wer

Road to Depression

MGM files for bankruptcy protection!

LOS ANGELES, Kalifornia - November 4, 2010 - Metro-Goldwyn-Mayer, the fabled studio whose origins go back to Hollywood's earliest days, filed for bankruptcy protection, sagging under a mountain of debt.

The filing, made Wednesday morning in New York, came after MGM's leading creditors struck a deal with corporate raider Carl Icahn, who had amassed about 15% of the company's debt and was

Road to Depression

Applications for jobless aid rise sharply!

WASHINGTON - November 4, 2010 - The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.

The increase undermines hopes that unemployment claims, after falling four times in the previous five weeks, were on a sustained downward trend. That would signal layoffs were slowing and hiring was picking up. Instead, claims remain stuck at an el

Road to Depression

Fed prints another 600 billion dollars!

LONDON, England - November 3, 2010 - The U.S. Federal Reserve will pump another $600 billion into the U.S. money supply over the next eight months in a bid to resuscitate America's failing economy.

The latest round of quantitative easing (QE) comes on top of the $1.7 trillion already completed and is intended "to promote a recovery", the Fed said. It is changing tack, however, buying U.S

Road to Depression

Obama blames economy for Democrat rout!

WASHINGTON - November 3, 2010 - Illegitimate President Barack Obama on Wednesday blamed the anemic economy for the "shellacking" his fellow Democrats experienced in this week's midterm elections, but he acknowledged his policies hadn't done enough to bring down high unemployment.

He claims his bogus regime has "stabilized" the economy and spurred private-sector hiring, "but people all ac

Road to Depression

Fed easing may mean substantial dollar drop!

NEW YORK - November 2, 2010 - The dollar is in danger of losing 20% of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world's largest mutual fund, said on Monday.

"I think a 20% decline in the dollar is possible," Gross said, adding the pace of the currency's decline was also an important consideration for

Road to Depression

September consumer spending weak while incomes dip!

WASHINGTON - November 1, 2010 - Amerikans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.

Personal spending rose at an annual rate of 0.2% in September, the Commerce Department said Monday. That's below the 0.5% gains recorded in July and August.