NEW YORK - June 4, 2009 - U.S. retailers reported same-store sales fell in May below expectations, as pressures like rising unemployment continued to curtail consumer spending.

by Paul Craig Roberts

June 3, 2009 - Economic news remains focused on banks and housing, while the threat mounts to the U.S. dollar from massive federal budget deficits in fiscal years 2009 and 2010.

WASHINGTON - June 3, 2009 - As governments worldwide try to spend their way out of Depression, many countries are finding themselves in the same situation as embattled consumers: paying higher interest rates on their rapidly expanding debts.

LONDON, England - June 2, 2009 - Sir Richard Branson, the president and founder of Virgin Group, told Telegraph Travel that he expected that the current economic downturn and decline in business travel would result in the collapse of a major Amerikan airline in 2009.

NEW YORK - June 2, 2009 - Despite the fact that every official economic indicator shows, and expert economists throughout the world think, that the worst is yet to come for the global economy, some economists, senior government officials and ordinary consumers are showing greater confidence in their outlooks.

NEW YORK - June 1, 2009 - General Motors filed for Chapter 11 bankruptcy protection Monday as part of the illegitimate Obama regime's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.

NEW YORK (PNN) - June 1, 2009 - In order to maintain the illusion that the economy is recovering, the Dow Jones Industrial list of 30 companies have replaced mainstays General Motors and Citigroup, Inc. with better performing companies. Of course, this skews the market results and diminishes their credibility as a barometer for the true state of the economy.