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China: The US is Insolvent and Faces Bankruptcy
A recent article in the Financial Times quotes the head of China’s biggest credit rating agency has said that the US is insolvent and U.S. credit ratings are a joke. “The western rating agencies are politicised and highly ideological and they...
100,000 Jobs at Stake Due to BP Oil Spill: Experts
US energy experts warn that the oil spill in the Gulf of Mexico could cost up to 100,000 jobs as unemployment figures continue to rise in the state of Louisiana. Figures released by the US Department of Labour showed how the unemployment rate in Louisiana...
‘US facing Soviet-like disintegration’ says Iranian lawmaker
Reports from PressTV state that senior Iranian lawmaker Alaeddin Boroujerdi said that the “US is facing Soviet-like disintegration” warning the US of imminent collapse. “America’s conduct toward the world bears great resemblance...
U.S. The Crossroads of History
America’s superpower status may be tested and found wanting if, urged on by Israel it opts for what it sees as a pre-emptive strike against Iran. The argument that the Persian nation will acquire a nuclear potential if not checked is a red herring;...
War Weakens America
America’s ascendancy to world power status occurred during its period of inter-war isolationism. Its pre-eminence was catapulted further by its involvement in World War Two. The spoils of war and removal of Germany and Japan as major trade competitors...
US oil-leak into the Gulf of Mexico may be the worst in US history
US scientists and lawmakers have stated that the leak in the seabed well which is spilling oil into the Gulf of Mexico could be the worst oil spill in US history, which would eclipse even the Exxon Valdez incident in Alaska in 1989. They further stated...
40 million Americans rely on food stamps, new record
According to the latest government figures on food stamps, 40 million American received them as part of the federal anti-hunger program, which helps poor peple buy food. With the unemployment rate edging towards 10 per cent, according to the latest report...
US unemployment rises to 9.9 per cent
The US unemployment rate edged up to 9.9 per cent according to the US Labour Department while 290,000 new jobs were created, 66,000 as temporary hirings for census activities by the Federal government. The Labour force as a whole increased by over 800,000...
Detroit is Toast
You don’t believe me when I tell you that Detroit, one of America’s most iconic cities is a dying city? Will you believe me when I tell you that in Detroit a palatial home that sold for $250,000 as recently as 2005 was recently sold for small change;...
