US debt crisis ‘bigger than you think’
What is the real cost of the U.S. government’s nearly $16 trillion debt? “The debt crisis is likely bigger than you think,” a new report issued last week by Deloitte, one of the world’s largest accounting...
Category: Currency
The United States of Europe
European leaders have long insisted they will do everything to save the euro. Now, a plan is forming that would dramatically change the architecture of the European Union. Brussels would be granted a significant...
Issa: Obama White House ‘Green Jobs’ Propaganda
(multimedia) Rep. Darrell Issa (R-CA), Chairman of the House Committee on Oversight and Government Reform, goes on Fox News’ America Live with Megyn Kelly to discuss the Obama Administration’s definition of new ‘green jobs.’ Speaker...
Detroit could go broke in a week
Detroit will run out of cash a week from today if a lawsuit challenging the validity of the city’s consent agreement with the state is not withdrawn, city officials said this morning. Jack Martin, the city’s...
In Greece, a painful return to country roots
(Reuters) – Thirteen years after abandoning rural Greece for a career in graphic design, Spiridoula Lakka finds herself in the last place she expected to end up – watering a patch of lettuce and...
Walker voters “haters” who prefer “white man rule”
MILWAUKEE – You think Wisconsin labor leaders might be a bit bitter about Gov. Scott Walker’s victory in Tuesday’s gubernatorial recall election? Consider the words of Gilbert Johnson, president of the American Federation of State,...
California’s Brown set for fight over pension reform
(Reuters) – California’s Democratic Governor Jerry Brown heard a clarion call for his party to take on state pensions in the overwhelming passage of retirement reforms by the second and third biggest cities in...
Spain Downgraded To BBB
Fitch Ratings cut Spain’s long-term credit rating to BBB and left it two notches from junk, citing the cost of recapitalizing the country’s banking industry and a lengthening recession. Spain, which saw its rating lowered from...
Online messaging blitz before health care ruling
(multimedia) The Supreme Court will announce a series of decisions about the constitutionality of the health insurance law passed in 2010 later this month, and House Republicans are planning an experimental online effort to...
Spain in eurozone crisis crosshairs
STORY HIGHLIGHTS Spain, a eurozone behemoth, is in the crosshairs of Europe’s financial crisis The country faces soaring borrowing costs, a banking system in disarray and high unemployment rates If such a major economy...
