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41.8 million Americans Receiving Food Stamps
The shattered U.S. economy and rising unemployment has pushed a record 41.8 million Americans onto food stamps in July, representing an 18 per cent increase from the prior year. According to White House estimates an average of 43.3 million people, representing...
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...
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...
Is Capitalism Dead? Ahmadinejad and Munger think so
Iranian President Mahmoud Ahmadinejad said on Monday that dramatic change in world Share
Global financial crisis and currency war
As one of the founders of the Bretton Woods institutions, Harry Dexter White once commented: “Currency warfare is the most destructive form of economic warfare. Economic warfare eventually brings war”. The world is approaching its first “lost...
10 per cent of Americans collecting food stamps
Over 30 million Americans – one out of 10 – received food stamps Share
Over 5.56 million without a job in the US
In the latest report by the Labor Department on Thursday, US jobless figures jumped Share
GM shares drop to 70 year low
General Motors Corp. (GM) shares collapse to a 70 year low as investors see confidence in the auto industry evaporate. Share
Obama saving 9 million homeowners
More than 3 million owners have lost their homes during the past three years, and almost 5 million more could follow this year through 2011, Share
