Patriot News Network

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

Road to Depression

OECD warns of long term increase in U.S. unemployment!

LONDON, England - September 20, 2010 - Millions of Amerikans risk falling out of the job market forever, the Organization for Economic Cooperation and Development (OECD) has warned, as it cautioned a full recovery from Depression will take years.

The Depression has left the U.S. with a long-term unemployment rate - a measure of those without work for more than six months - of 4.5%,

Road to Depression

GMAC halts foreclosures in 23 states!

NEW YORK - September 20, 2010 - GMAC Mortgage, one of the country’s largest and most troubled home lenders, said on Monday that it was imposing a moratorium on many of its foreclosures as it tried to ensure they were done correctly.

The lender, which specialized in subprime loans during the boom, when it was owned by General Motors, declined in an e-mail to specify how many l

Road to Depression

Nevada unemployment rises to all-time high!

LAS VEGAS, Nevada - September 20, 2010 - Neither a boost in private-sector hiring nor a shrinking labor force could rescue Nevada from yet another unemployment record in August.

The construction sector, restaurants and professional firms all added jobs in the month, but declines in Census jobs and other public-sector cuts offset that hiring to push statewide unemployment to an all-

Road to Depression

Amerikans' wealth drops as stock portfolios erode!

NEW YORK - September 20, 2010 - Amerikans' wealth shrank in the spring for the first time since early 2009 as financial turmoil eroded stock portfolios.

The Federal Reserve says household net worth fell 2.7% - or $1.5 trillion - in the April-to-June quarter. The decline left Amerikans' net worth at $53.5 trillion.

Road to Depression

Government could seek foreign investors for GM!

WASHINGTON - September 19, 2010 - Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement.

GM and the Treasury Department would not comment Sunday on reports that the automaker is in talks with its current partner in China, SAIC, about buying a

War on Freedom

Man files complaint over bikini-clad cop!

ALBUQUERQUE, New Mexico - September 24, 2010 - A man in Albuquerque filed a complaint last Friday after he said he was pulled over by two bikini-clad police officers off a freeway exit in June.

Ilia Spilca said he was driving to work on northbound Interstate 25 last June 23 when the officers pulled him over after he exited the freeway.

War on Freedom

Little known republic celebrates 200 years!

BATON ROUGE, Louisiana - September 22, 2010 - While Texans are fiercely proud their state was once its own republic, and Kalifornia celebrates the same former status on its flag, relatively few Louisianans know that a group of their forebears overthrew Spanish rule to carve out a tiny, independent nation 200 years ago. With the bicentennial coming up Thursday, historians and descendants of