We Are in 'Worse Situation' Than in 2008: Roubini

Sept. 2, 2011 (CNBC.com) -- The world’s developed economies are trapped at the “stall speed” of low growth and need to have greater fiscal stimulus and less austerity to kick-start growth, leading ec ...

Stocks, Euro Tumble on Greece Debt Concern (Stuart Wallace and Rita Nazareth)

Sept. 9, 2011 (Bloomberg) -- Stocks sank, while the euro slid to a ten-year low versus the yen and a six-month low against the dollar, as concern grew about Greece’s debt crisis. European bank and so ...

August consumer sentiment drops to 3-year low (Kerry Panchuk)

Aug. 26, 2011 (HousingWire) -- Consumer sentiment in the U.S. plunged to the lowest level in three years according to a Thomson Reuters/University of Michigan survey. The final August reading on the ...

Perestroika (James Howard Kunstler)

James Howard Kunstler -- World News Trust Sept. 5, 2011 -- There's a difference, of course, between what this country thinks it needs and what it's going to get. The world has a way of dragging you, ...

Philly Fed’s factory index in August freefall (Greg Robb)

Regional gauge falls to negative 30.7, stunning markets Aug. 18, 2011 -- WASHINGTON (MarketWatch) -- Factory activity in the Philadelphia region weakened sharply in August to the lowest level seen in ...

Semantic Propaganda Feeds Stupidity (Joel S. Hirschhorn)

Joel S. Hirschhorn -- World News Trust July 23, 2011 -- We would already have had a much needed American revolution in response to the tyranny of the money-fed two-party plutocracy that is destroying ...

The S&P Debt Downgrade: What It Means (Paul Craig Roberts)

Aug. 9, 2011 (Information Clearing House) -- On Friday, Aug. 5, the credit rating agency, Standard & Poors, downgraded U.S. debt from AAA to AA+. Gerald Celente’s view that S&P’s downgrade of the U.S ...

The Corporatocracy: Bailouts Serve The Creditors; Enslave the Debtors (John Perkins)

The corporatocracy -- Bailouts Serve the Creditors; Enslave the Debtors Aug. 5, 2011 (Information Clearing House) -- As I write this, I am watching the economic chaos in Greece. I’m sure we’re all sh ...

America In Decline (Noam Chomsky)

Aug. 6, 2011 (Information Clearing House) -- “It is a common theme,” that of the United States -- which “only a few years ago was hailed to stride the world as a colossus with unparalleled power and ...

Fed to Keep U.S. Interest Rates at Record Lows (Jeannine Aversa and Scott Lanman)

Aug. 9, 2011 (Bloomberg) -- The Federal Reserve pledged for the first time to keep its benchmark interest rate at a record low at least through mid-2013 to revive a recovery that’s “considerably slow ...

Sharp Fall In Consumer Spending, Manufacturing In U.S. (Andre Damon)

Aug. 3, 2011 (WSWS) -- Economic data released this week provides further evidence that economic growth in the United States has virtually come to a halt. The Commerce Department reported Tuesday that ...