As Americans Celebrate Labor Day 2010, U.S. Factories Are Closing In Droves
Labor Day 2010 comes in the midst of a stunning wave of U.S. factory closings that stretches from coast to coast.
Category Archives: Economy
10 Practical Steps That You Can Take To Insulate Yourself (At Least Somewhat) From The Coming Economic Collapse
Most Americans are still operating under the delusion that this “recession” will end and that the “good times” will return soon, but a growing minority of Americans are starting to realize that things are fundamentally changing and that they better start preparing for what is ahead. These “preppers” come from all over the political spectrum and from every age group. More than at any other time in modern history, the American people lack faith in the U.S. economic system.
In India, Traffic to Business and Finance Web Sites Surged 45 Percent in Past Year
*Banking Sites See Strong Growth as More Indians Turn to the Web for their Personal Financial Needs*
Mumbai, India, August 18, 2010 – comScore, Inc. (NASDAQ: SCOR), a leader in measuring the digital world, today released its June 2010 ranking of the top Business/Finance sites in India based on data from its comScore Media Metrix service.
One in Four Missouri Families Worries about Food for their Children
COLUMBIA, Mo. — As the recession continues, economic casualties continue to mount. Daily, the media report that banks continue to foreclose on home loans and people are still losing their jobs.
Missing from the headlines, however, is the growing number of people that are having more difficulty feeding themselves and their children. According to the 2010 Missouri Hunger Atlas, which was released by a University of Missouri research team, one in four Missouri families with children living at home worries about putting enough food on the table.
18 Signs that America is Rotting Right in Front of our Eyes
Sometimes it isn’t necessary to quote facts and figures about government debt, unemployment and the trade deficit in order to convey how badly America is decaying. The truth is that millions of Americans can watch America rotting right in front of their eyes by stepping out on their front porches. Record numbers of homes have been foreclosed on and in some of the most run down cities as many as a third of all houses have been abandoned. Unemployment remains at depressingly high levels and the number of Americans on food stamps continues to set new records month after month. (more…)
Forest Fires Cause Damage of $15 Billion to Russian Economy
Experts started to calculate the losses, which the Russian economy suffered as a result of unusually hot summer and immense forest fires. The damage may total one percent of the GDP growth in 2010, which is equal to $15 billion, or 450 billion rubles. For the time being, the experts take account of direct costs and negative short-term consequences for the economy.
The Looming World Food Catastrophe
For several years, the World Bank has been announcing its plans to find solutions to solve the world food crisis, whereby vast swathes of the world’s population find it increasingly difficult to put food on the family table, while the banks bail each other out and fat cat bankers get fatter. The morality of the issue is staggeringly incomprehensible.
The Horrific Derivatives Bubble That Could One Day Destroy The Entire World Financial System
Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word “derivatives” to most Americans, they have no idea what you are talking about. In fact, even most members of the U.S. Congress don’t really seem to understand them. But you don’t have to get into all the technicalities to understand the bigger picture.