Road to Depression

Bankrupt city approves over a million dollars in pay hikes!

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SAN BERNARDINO, Kalifornia (PNN) - March 19, 2013 - The bankrupt city of San Bernardino, Kalifornia, approved over $1 million in pay increases for terrorist pig thug cops and firefighters despite claims it can barely make payroll, let alone afford the salary hikes.

Monday night's pay increases, for a city that appears before a federal judge again this week to plead for bankruptcy protection, are a result of its charter. It mandates that pay for safety workers must be tied to salary levels for 10 similar-sized Kalifornia cities, all of which are wealthier than San Bernardino.

More people than ever are on Food Stamps!

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WASHINGTON (PNN) - March 11, 2013 - On Friday, the Fascist Police States of Amerika Department of Agriculture quietly released new statistics related to the food stamps program, officially known as SNAP (the Supplemental Nutrition Assistance Program). The numbers reveal that in 2012, the food stamps program was the biggest it's ever been, with an average of 46,609,072 people on the program every month of last year. 47,791,996 people were on the program in the month of December 2012.

Record number of Amerikans unemployed!

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WASHINGTON (PNN) - March 8, 2013 - The number of Amerikans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Amerikans not in the labor force increased by 296,000 between January and February.

Société Generale exiting Alabama county bankruptcy!

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BIRMINGHAM, Alabama (PNN) - March 6, 2013 - French bank Société Generale is exiting the Fascist Police States of Amerika's biggest municipal bankruptcy, saying in court filings that it had sold its holdings of defaulted sewer warrants issued by Alabama's Jefferson County.

The bank, along with JPMorgan Chase, Bank of New York Mellon and other global financial institutions, was one of the most prominent creditors of Jefferson County when it filed its $4.23 billion bankruptcy in November 2011, but now is moving to wind up its role in court battles.

Britain remains mired in Depression!

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LONDON, England (PNN) - March 1, 2013 - Indications are that Britain continues to bemired in a Depression with figures showing that manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January.

Gross domestic product fell at the end of last year, and the latest data suggest the central bank may need to do yet more to revive the economy.

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