Economy Archives October 2012

Archives September 2012 →

Do you want a recovery? Let the foreign banks fail

Although the financial crisis is said to have begun in 2008, its actual inception started many years before. As explained yesterday, the so-called recovery that almost every politician says governments are seeking is a sham.

Japan is reeling between economic and nuclear crises

The earthquake that shook Japan last year is not the only origin of the shock waves the country is now experiencing. The economic crisis has also shaken the Asian nation.

If no one believes in the recovery, why are Europe and the world Trying?

I don’t know you, but I’m sick and tired of hearing about the financial collapse. The financial crisis we are now in was predicted long ago, and those predictions were correct.

Obama’s ‘Green’ Energy Failures

It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case.

European Union Sets Banking Takeover for 2013

The Heads of State and the Government of the European Union (EU) agreed Thursday to create a single banking supervisor. The entity should be ready next December and it will gradually begin its takeover of the banking system during 2013.

Chevron will pay $ 19 billion for Damages in the Amazon

A judge in Ecuadorian ordered authorities to confiscate assets that belong to American oil giant Chevron as part of a multimillion conviction for having caused environmental damages in the Ecuadorian Amazon.

Biofuel Industry Exterminating Guarani Kaiowá people in South Brazil

In how many ways can someone describe murder, corruption, crime, collusion, complicity to commit murder, thuggery, injustice? I struggled greatly to title this article because one or two lines cannot describe the shame I felt — even though I am not Brazilian — to see what the government of Brazil is doing to its native people.

UK Austerity to cut 10 billion pounds in Social Benefits

The British Minister of Economy, George Osborne, said Monday that he intends to cut another 10,000 million pounds in spending by cutting the expenses on social benefits by 2016-17. Osborne said the goal is to reduce the deficit.

Why is Venezuela selling its Gold reserves?

Another equally important question to answer is, where is the cash going?

Portugal on the verge of a general Strike

The people of Portugal and Greece have added their anger to that of the Spanish neighbors, putting more pressure on politicians and bureaucrats who are slowly but surely signing their countries away to the European bankers.

Spanish Government makes official the Looting of Pension Funds

It did not take too long for the Spanish government to dip into the rapidly disappearing pension fund reserves.

Archives September 2012 →

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