ECONOMIC RIP TIDE — CHAPTER ONE
The first chapter of “Economic Rip Tide”, by Sanford Pinna.
Eurozone unemployment continues to rise Original article from BBC The unemployment rate in the eurozone continued to rise in January, hitting another record high. The jobless rate in the 17 countries that use the euro rose to 10.7% in January, while December’s figure was revised up from 10.4% to 10.6%. There are now 16.9 million [...]
As described in Dr. Pinna’s ECONOMIC RIP TIDE, living standards in the West will fall as the West is drawn into the deeper Economic Ocean where the competition for survival is fierce. PENSIONS IN THE U.K.:Two million strike in Britain over pension changes By Guy Jackson, from AFP Up to two million public sector workers [...]
Extreme Poverty Is Now At Record Levels — 19 Statistics About The Poor That Will Absolutely Astound You From The Economic Collapse According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before. In 2010, we were told that the economy was recovering, but [...]
Verizon Strike 2011: It’s All About Health Care By Palash R. Ghosh, from International Business Times The strike by workers at Verizon Communications (NYSE: VZ) is about one thing — and one thing only — health care. James Cox, managing partner of Harris Financial Group in Colonial Heights, Va., said that there’s been a lot [...]
Italian Bonds, Euro Drop on Debt Crisis Concern; Stocks, U.S. Futures Fall By Stephen Kirkland, from Bloomberg Italian and Spanish bonds fell, sending borrowing costs relative to German bunds to euro-era records, while stocks and the common currency dropped on concern Europe’s debt crisis will spread. U.S. index futures slumped. The extra yield investors demand [...]
Original article written by Mortimer Zuckerman, from U.S.NEWS The Great Recession has now earned the dubious right of being compared to the Great Depression. In the face of the most stimulative fiscal and monetary policies in our history, we have experienced the loss of over 7 million jobs, wiping out every job gained since the [...]