Spain to rescue its banks
The Spanish government is set to launch a sweeping restructuring of its troubled regional savings banks in an attempt to reassure the market it can…
Austerity
States Warned of $2 Trillion Pensions Shortfall
Getty Images Nicole Bullock Financial Times US public pensions face a shortfall of $2,500 billion that will force state and local governments to sell assets…
New York owes $200 billion in retiree health care costs – but there’s no money
David Gutierrez Natural News New York State, along with its cities and counties, have promised $200 billion worth of retirement health care benefits to their…
Europe starts confiscating private pension funds
Mark Hemingway The Examiner The U.S. isn’t the only place that’s facing a major pension fund crisis. The Christian Science Monitor has this alarming report:…
Record spike in EMU default risk on Portugal downgrade and Greek restructuring scare
The cost of default insurance on eurozone bonds has surged to an all-time high on reports that Greece is preparing the way for a sovereign…
American Austerity: Crime Spikes, And Fear Explodes After Newark Chops Police Force
Corey Booker – Image: Tony Kurdzuk/The Star-Ledger Joe Weisenthal Business Insider Cuts have consequences. Case in point: Newark has seen a recent crime spike, coinciding…
Word of the Year: Austerity
InfoWars The noun was searched so many times on Merriam-Webster’s website, the dictionary decided to make it word of the year. According to John Morse,…
IMF Director says IMF “forces coordination” and there’s “no other solution” to Greek-style austerity
Dominique Strauss-Kahn: AFP image FauxCapitalist Exposing Faux Capitalism Speaking to Triple Crown Charlie (CFR and Trilateral Commission member and Bilderberg attendee) Rose on December 16,…
IMF chief worried about Europe domino effect
Glenn Somerville Reuters The head of the International Monetary Fund said on Thursday he was worried that EU leaders’ piecemeal approach to Europe’s debt crisis…
Receiver to city: Central Falls, Rhode Island financial ruin near
Editor’s Note: Pay particular attention to the solution being offered here — “regionalization of city services.” Receiver Mark S. Pfeiffer/photo: Providence Journal John Hill —…
Younger People — Pay Attention to This
Simon Black Sovereign Man If you’re reading this and under 30, let me be absolutely clear about one indubitable point: your government is going to…
Anti-austerity riots erupt amid Greece strike
Pascal Rosignol/Reuters Nicholas Paphitis and Derek Gatopolous Associated Press ATHENS, Greece — Protesters clashed with riot police across Athens on Wednesday, torching cars, hurling gasoline…
MUST SEE: 15-year Old UK Student Schools the Establishment (VIDEO)
Youtube – RodneyOwenMcCarthy RELATED ARTICLE: Citizens of Europe Rage Against the Machine RELATED VIDEO: INCREDIBLE Raw Footage of UK Students Battle the Police
Social Security Payback Option Eliminated
Emily Brandon U.S. News and World Report Retirees will no longer be able to get an interest-free loan from the Social Security trust fund, the…