World-News

Robert Reich | Robert Reich's Blog: "Today's most important economic news: US household debt fell for the seventh straight quarter in the first three months of 2010 as Americans continued to respond to the recession's fallout. But like all economic news, its significance depends on where you're standing - whether you're a typical American or someone at the top."

http://www.truth-out.org/robert-reich-why-main-street-economy-isnt-getting-any-better60342



Eight Ways the Great Recession Has Changed Americans

Mark Trumbull, The Christian Science Monitor: "Fifty-five percent of Americans in the labor force have experienced a job loss, a pay cut, or a reduction in hours since the onset of the Great Recession in 2007, a new survey finds."

http://www.truth-out.org/eight-ways-great-recession-has-changed-americans60924

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Debt Spreading 'Like a Cancer': Black Swan Author

"We had less debt cumulatively (two years ago), and more people employed. Today, we have more risk in the system, and a smaller tax base," Taleb said.

http://www.cnbc.com/id/37610064



7.9 million jobs lost, many forever

The "recession" killed off 7.9 million jobs. It's increasingly likely that many will never come back. The government jobs report issued Friday shows that businesses have slowed their pace of hiring to a relative trickle.

http://finance.yahoo.com/news/79-million-jobs-lost-many-cnnm-1248019835.html?x=0


From Information Clearing House



http://freepage.twoday.net/search?q=Main+Street
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=job+loss
http://freepage.twoday.net/search?q=unemploy
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Robert+Reich+Blog
http://freepage.twoday.net/search?q=Mark+Trumbull