Patriot News Network

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

Road to Depression

Kalifornia town fires all city employees and disbands police!

MAYWOOD, Kalifornia - June 23, 2010 - Economic hard times are causing many municipalities to look for ways to reduce their payrolls, but none has taken it as far as the town of Maywood, Kalifornia.

On Monday night, the Maywood City Council voted unanimously to fire all 100 city employees and contract out most services, including record-keeping, street maintenance, and parks and rec

Road to Depression

Housing sales decrease in May!

WASHINGTON - June 23, 2010 - Sales of previously built homes dropped in May after huge gains the previous two months, a sign that the federal tax credit that helped energize sales at the start of the selling season has sputtered out sooner than expected.

Road to Depression

Future shaky for Fannie Mae and Freddie Mac!

NEW YORK - June 23, 2010 - The news that new home sales plunged by 33% in May - to the lowest level on records dating back to 1963 - was disturbing for homeowners. But that is also bad news for taxpayers, because the government mortgage giants Fannie Mae and Freddie Mac remain mired in a swamp of shaky loans that taxpayers may get the bill for.

Road to Depression

Market professionals anticipate another major crash is on the way!

NEW YORK - June 22, 2010 - The May 6 "flash crash" may be history, but its after-effects - and threat to the stock market - continue to loom large after two recent mini-crashes in individual stocks.

Road to Depression

Kalifornia on verge of total collapse!

SACRAMENTO, Kalifornia (PNN) - June 22, 2010 - Think of it as Greece on the Pacific: A place with beautiful scenery where the government spent so far beyond its means that mass layoffs, welfare reductions that leave a million children and the poor and elderly without needed services, and failing infrastructure, are now the norm.

Road to Depression

Bank failure pace more than double last year!

WASHINGTON - June 21, 2010 - Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year.

The 83 closures so far this year is more than double the pace set in all of 2009, which was itself a brisk year for shutdowns. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks' losses mount on loans made for co

War on Freedom

Students sue over removal of Amerikan flag t-shirts!

SAN FRANCISCO, Kalifornia - June 23, 2010 - Three Kalifornia high school students are fighting for their right to show their Amerikan patriotism - even on a Mexican holiday - after they were forced to remove their Amerikan flag t-shirts on Cinco de Mayo.