Monthly Archives: May 2012

“A UNICEF study of 35 developed countries found the United States had the second-highest rate of child poverty after Romania. The study – -titled Report Card 10 — found the child poverty rate in Romania was 26.5 percent. The U.S. … Continue reading →

Whereas millions of American homeowners are facing foreclosure, living under permanent anguish, depression and fear under threats of debt and homelessness, and facing ignorance from the government, the crooks on Wall Street, the executives and major shareholders protected by the … Continue reading →

“Japanese semiconductor maker Renesas Electronics Corp. is considering cutting up to 14,000 jobs or 30 percent of its workforce as part of a major restructuring plan, news reports said Saturday. The company is also considering selling a major factory to … Continue reading →

‎”SIMMERING anger over bankers’ pay was fuelled afresh on May 9th when a British court ruled that Commerzbank, a serially bailed-out German bank, had to pay bonuses promised to some of its investment bankers in London even though it subsequently … Continue reading →

The complications in the Eurozone indicate that business-as-usual can not function anymore. The notion of creditor vs. debtor has to be massively rethought. What this means is debt cancellation, the nationalization of bank assets (who will likely see default in … Continue reading →