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'Economy'

The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations

The Economic Collapse The bank runs that we are watching right now in Greece are shocking, but they are only just the beginning. Since May 6th, nearly one billion dollars has been withdrawn from Greek banks. For [...]

How Did Mitt Romney Get So Obscenely Rich? Robert Reich Explains

How exactly did Mitt Romney Get So Obscenely Rich? Robert Reich explains: “The Magic of Private Equity in 8 Easy Steps” by karinmoveon FOLLOW SET YOU FREE NEWS: [...]

Why A Greek Exit From The Euro Would Mean The End Of The Eurozone

The Economic Collapse What was considered unthinkable a few months ago has now become probable. All over the globe there are headlines proclaiming that a Greek exit from the euro is now a real possibility. In [...]

Euro fears rise as Greeks withdraw money from banks

Valentina Pop EUobserver Greeks have withdrawn billions of euros from their banks in recent days, with the country’s president warning of “panic” at the prospect of the country leaving the eurozone. “My family already sent some [...]

Homelessness and Despair in New York City

Ali Ismail Global Research Survey: 23 % rise in street homelessness in NYC The number of homeless people living on the streets of New York City increased by 23 percent in one year according to an [...]

Keiser Report: Countdown to Armageddon

Max Keiser and Stacy Herbert Russia Today In this episode, Max Keiser and co-host, Stacy Herbert have a field day dissecting Jamie Dimon’s ‘egregious, terrible mistake,’ the possible insider trading around those so-called mistake and what [...]

House Votes to Cut Food Stamps to Avoid Defense Reduction

Brian Faler Bloomberg The U.S. House voted to cut food stamps, federal workers’ benefits and other domestic programs to avoid scheduled reductions in defense spending. The chamber today passed, 218-199, a plan to cut about $310 [...]

US Investigates JPMorgan’s $2 Billion Loss

VOA News media in the United States are reporting that the federal government has opened a criminal investigation into the more than $2 billion trading loss sustained by the JPMorgan Chase & Co. investment bank. Sources [...]

Back in recession: Moody’s downgrades 26 Italian banks

RT The Moody’s rating agency has downgraded the debt rating of 26 Italian banks, including the giant UniCredit, as the country struggles with recession, tough austerity measures and 1.9 trillion euros of outstanding public debt. The [...]

Suicide & Revolt: ‘Some EU states ready for Euro Spring’

Russia Today It’s endgame today in Athens, where political party leaders are beginning a last-ditch effort to form a coalition. If they fail, Greece would have to stage a new election – one predicted to bolster [...]

Oil prices could double by 2022, IMF warned

Terry Macalister and Lionel Badal TheGuardian The International Monetary Fund (IMF) has been warned by its internal research team that there could be a permanent doubling of oil prices in the coming decade with profound implications for global [...]

Banks could sink the euro

Caroline de Gruyter PressEurop It is not possible to create growth by magic, like a rabbit out of a hat, and certainly not without having money available for investment. This is why Daniel Gros is amazed [...]

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