Patriot News Network

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

Road to Depression

A Letter to all Workers!

Dear Employee:

As a result of the reduction of money budgeted for all department areas, we are forced to cut down on our number of personnel. Under this plan, older employees will be asked to take early retirement, thus permitting the retention of younger people who represent our fu

Road to Depression

Home prices in record plunge!

NEW YORK - February 12, 2009 - Home prices fell 12.4% during the fourth quarter of 2008, the largest year-over-year decline since the National Association of Realtors began keeping comprehensive records in 1979.

Road to Depression

Bank of England may start printing money to reverse downturn!

LONDON, England - February 12, 2009 - The Bank of England’s Governor admitted yesterday that Britain is now in “deep recession” and signalled that it is ready to start “printing money” as soon as next month in aggressive, last-ditch moves to limit the slump.

Road to Depression

General Motors to slash 10,000 white-collar jobs!

DETROIT, Michigan - February 10, 2009 - General Motors said Tuesday it would cut 10,000 white-collar jobs this year as part of a restructuring plan the struggling automaker submitted to the government in exchange for a bailout.

Road to Depression

Counties brace for missed payments from state!

SACRAMENTO, Kalifornia - February 10, 2009 - Kalifornia's budget woes will sweep over the state's 58 counties this week when they get promises instead of checks for $89 million in anticipated payments for welfare, food stamps and other services.

Road to Depression

Nissan to slash 20,000 jobs!

NEW YORK - February 9, 2009 - Nissan Motor on Monday joined Toyota, Mazda and Mitsubishi in forecasting a loss for the current financial year, and announced it was cutting 20,000 workers in one of the most aggressive cutbacks so far by a Japanese company since the start of the global downturn,"

Road to Depression

Homeowners storm mansions of mortgage company CEOs!

STAMFORD, Connecticut - February 9, 2009 - Hundreds of people trying to save their homes from foreclosure flocked to Connecticut's wealthy Gold Coast this weekend to give financial kingpins a piece of their minds.