The Critical Unraveling of U.S. SocietySource: ampedstatus.com
You may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Before exposing the root causes of this breakdown, let's look at some vital statistics and facts:
Rep. Mel Watts Guts the Fed Transparency ActSource: Reddut,cin
"Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been "gutted" while moving toward a possible vote in the Democratic-controlled House."
Crisis and Hope: Theirs and OursSource: Common Dreams
For the West the phrase "the crisis" has a clear enough meaning: the financial crisis that hit the rich countries with great impact, and is therefore of supreme importance. But even for the rich and privileged that is by no means the only crisis, nor even the most severe.
Oil Supplies Running Out; Could Impact Economic RecoverySource: petroleumworld.com
The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.
Hope, caught up in a sea of obstructionSource: The Boston Globe
HERE'S THE situation: President Obama maneuvered a stimulus package through Congress that, after being reduced to attract additional senators, has proven insufficient to stimulate the economy.
Pakistan Should Exploit American DesperationSource: Pakalert.Wordpress
This is the time for Islamabad to exploit Washington's desperation. SecDef Robert Gates is pleading Asia to support America's failed Afghan project, while his colleague the U.S. Treasury Secretary is begging China to continue financing the U.S. government.
David Stevenson On GM CrisisSource:
What was the problem with GM?
Just about everything. Years of excess production capacity, old-fashioned models and a legacy of providing over-generous healthcare and pension benefits have finally taken their toll.
General Motors. From biggest carmaker to biggest bankruptcy Source: BBC News
At its height, General Motors (GM) was bigger than any other car company in world.
Founded when the US still had fewer than 10,000 cars in total, the carmaker was once the symbol of American prestige and its brands respected all over the world.
U.S. Program to Help Banks Sell Bad Assets Is HaltedSource: The New York Times
...some analysts said the banks' reluctance to clean up their balance sheets meant they were merely postponing their day of reckoning. Indeed, some analysts said government policies had made it easier for banks to gloss over their bad loans.
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