Economist Rosenberg Warns of Double-dip Recession

Wall Street Journal | Says there is a greater than 50-50 chance and that the recession may not have ended last year at all.

Romanian Recession Deepens on Cuts, BOA Merrill Says

Bloomberg | Romania’s recession this year will be deeper than previously seen as the government cut spending and raised the value-added tax to curb a swelling budget deficit.

Greenspan Says Economy May Be Undergoing a `Pause’

July 9, 2010 Bloomberg By: Vivan Lou Chen Former Federal Reserve Chairman Alan Greenspan said the U.S. economy may be undergoing what he called a “pause,” and that he can’t rule out the possibility of a so- called double-dip recession. “Of course, there’s a possibility,” Greenspan said in an interview on CNBC today. “The trouble is there’s always a

Overdue Reports Are Concealing ObamaCare Impact on Medicare

July 9, 2010 Investors By: Peter Ferrara Every year, the Annual Report of the Social Security Board of Trustees comes out between mid-April and mid-May.  Now it’s July, and there’s no sign of this year’s report.  What is the Obama administration hiding? The annual report includes detailed information about Social Security and its financing over the next 75 years,

IMF presses US to cut debt

AFP | Amid jitters that high levels of unemployment may force a double dip recession, the IMF warned the slow recovery would continue.

The Greater Depression Is Still Ahead

July 7, 2010 Forbes By: Micheal Pento If policymakers do not understand the real cause of a problem, they will in all likelihood be unable to provide a genuine solution. Messrs. Barack Obama, Benjamin Bernanke and Timothy Geithner do not understand the real cause of this debt crisis. They are politicians first and economists or students

7.9 million jobs lost, many forever

CNNMoney | The recession killed off 7.9 million jobs. It’s increasingly likely that many will never come back.

How The Banks Went Bust

Dispatches – Crash – How The Banks Went Bust (2009) BBC Channel 4, 20th April 2009 After a period of sloppy journalism over issues that just aren’t really issues in the grand scheme of things. Dispatches returns with a bang to cover what is the biggest issue of all today: our current financial woes. And to this end it’s helped in no small part by being presented by everyone’s favourite economist, Will Hutton. Setting the scene, just before he became Prime Minister in 2007, chancellor Gordon Brown congratulated the city on their ingenuity and creativity during his tenure: ‘An era that history will record as the beginning of a new golden age for the city of London’. He might as well have worked for Decca and said, ‘Guitar groups are going out of fashion.’ Now, thanks to the financial crash, Britain is facing economic hard times. The debts the UK is incurring will take generations to pay off. But how did the economy get from boom to bust? In this two-part special, economist and…

Antidepressant use rises as recession feeds wave of worry

Rowenna Davis | The number of antidepressants prescribed by the NHS has almost doubled in the last decade, and rose sharply last year as the recession bit, figures reveal.

Not A Good Summer For Air Travelers

June 1, 2010 The New York Times By Jane L. Levere This is not going to be a good summer for air travelers. They face a potential combination of crowded flights, high fares and labor disruptions. And that does not even consider the possibility of more canceled flights because of new penalties for airlines that encounter long tarmac delays

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