World-News

By Paul Craig Roberts

If the wars are not immediately stopped and the jobs brought back to America, the US is relegated to the trash bin of history.

http://www.informationclearinghouse.info/article26166.htm



What If We Google "Democracy" And Get "Oligarchy"?

By John Nichols

Wealthy and powerful interests are determined to replace the civic and democratic values that have underpinned the digital revolution up to this point with the commercial and entertainment values that have made old media a "vast wasteland." They will use every tool at their disposal -- lobbying, campaign contributions, spin and media manipulation included -- to prevail.

http://www.informationclearinghouse.info/article26165.htm



How the US economy is being 'Japanised'

By Chris Payne

The US is already in bad shape: imagine what 20 years of economic sclerosis will do! Worse still, unlike Japan, the US has a growing population, which means that little or no growth is going to make the average American poorer.

http://www.informationclearinghouse.info/article26167.htm



How the US economy is being 'Japanised'

Federal Reserve policy is taking a worrying turn towards monetarism. This can only result in an American 'lost decade'.

http://bit.ly/cmPDiy



US 'Virtually Certain' to Fall Into A New Recession

The US economy is almost certainly headed back into a double dip recession, and economists aren't seeing it because they're using "the old rules of thumb" that don't apply this time, well-known economist David Rosenberg told CNBC.

http://www.cnbc.com/id/38691272



Economic Growth Prospects Dim in U.S. After Retail Sales, Trade Reports

Prospects for U.S. economic growth took a hit this week after reports showed the trade deficit swelled and consumers reined in spending.

http://bit.ly/92jOxu



Banks to benefit most from White House program to help fight foreclosures

Nevada, Arizona and Florida posted the worst foreclosure rates in July, with Nevada reporting the nation's highest foreclosure rate for the 43rd straight month.

http://bit.ly/aja0z3



Pension check may not be in the mail

Illinois public employees who think the state constitution guarantees that they'll get all their pension benefits may have another think coming.

http://bit.ly/ae0iZT


From Information Clearing House

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The Public Pension Outrage and Alan Greenspan's Pension

Dean Baker, Truthout: "In recent weeks, there has been a serious effort by the conservatives and even many centrists to whip up anger at public sector workers over their pensions. The basic story is that public sector workers get better pensions on average than their private sector counterparts. At the same time, most state and local pension funds have large shortfalls, implying that additional government revenue will be needed to keep them solvent."

http://www.truth-out.org/the-public-pension-outrage-and-alan-greenspans-pension62358

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Homeowners' Rebellion: Could 62 Million Homes Be Foreclosure-Proof?
http://www.commondreams.org/headline/2010/08/18-8



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