Patriot News Network

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

Road to Depression

Third-quarter growth revised downward!

NEW YORK (PNN) - December 22, 2009 - The U.S. economy limped forward at a 2.2% pace in the third quarter, according to government figures Tuesday that showed a downward revision of gross domestic product.

Road to Depression

More prime mortgages default in third quarter!

WASHINGTON - December 22, 2009 - Troubled home loans continued to mount in the nation's banks in the third quarter as even once-solid borrowers increasingly fell behind on their mortgage payments.

Road to Depression

Citadel Broadcasting files bankruptcy!

WASHINGTON - December 21, 2009 - Citadel Broadcasting Corp., the nation's third-largest radio broadcasting company, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load as it continues to face declining advertising revenue.

Road to Depression

City shuts down on Christmas Eve to save cash!

CHICAGO, Illinois - December 21, 2009 - The City of Chicago will be shutting down early for the Christmas holiday, as part of Mayor Richard Daley's plan to save money for the cash-strapped city.

Road to Depression

U.S. Treasuries harder to buy!

BEIJING, China - December 18, 2009 - It is getting harder for governments to buy United States Treasuries because the shrinking U.S. current-account gap is reducing supply of dollars overseas, a Chinese central bank official said yesterday.

Road to Depression

Regulators close seven more banks!

WASHINGTON - December 18, 2009 - Regulators on Friday shut down two big Kalifornia banks, as well as banks in Alabama, Florida, Georgia, Michigan and Illinois, bringing to 140 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.

War on Freedom

Snitch Society: Government encourages turning in fellow citizens!

LONDON, England - December 24, 2009 - The attempts by the CPS to search out opportunities to prosecute people for hate crimes “are more compatible with the attitude of a profit-maximizing business than a public service”, says Keir Starmer, head of the Crown Prosecution Service.

Ministers have drawn up plans to encourage people to lodge complaints about hate crimes, whic