An apocalyptic end to world’s biggest bubble – Denial, addictions feed inability to deal with population

By Paul B. Farrell, MarketWatch 25 October 2011 SAN LUIS OBISPO, California (MarketWatch) – The theme: Repent. Haunting images of fanatical serial killers warning, “The End is Near, Repent!” That message seared my brain as the “Four Horsemen of the Apocalypse” rode into Dexter’s dark world, the Miami Metro Police cable TV series. Now duty […]

First look at U.S. pay data, it’s awful

By David Cay Johnston19 October 2011 Anyone who wants to understand the enduring nature of Occupy Wall Street and similar protests across the country need only look at the first official data on 2010 paychecks, which the U.S. government posted on the Internet on Wednesday. The figures from payroll taxes reported to the Social Security […]

Outside Cleveland, snapshots of poverty’s surge in the suburbs

By SABRINA TAVERNISE24 October 2011 PARMA HEIGHTS, Ohio — The poor population in America’s suburbs — long a symbol of a stable and prosperous American middle class — rose by more than half after 2000, forcing suburban communities across the country to re-evaluate their identities and how they serve their populations. The increase in the […]

Graph of the Day: Peak Employment: U.S. Civilian Participation Rate, 1948-2011

By Henry Blodget11 October 2011 The “Occupy Wall Street” protests are gaining momentum, having spread from a small park in New York to marches to other cities across the country. So far, the protests seem fueled by a collective sense that things in our economy are not fair or right.  But the protesters have not […]

U.S. strip mall vacancy rate nears 21-year-high – Regional mall vacancy highest in 11 years

By Ilaina Jonas7 October 2011 NEW YORK (Reuters) – The average vacancy rate for large U.S. shopping malls reached its highest level in 11 years in the third quarter, as department store closings took effect and retailers scaled back their floor space due to shaky consumer sentiment, according to a report issued on Friday. Preliminary […]

Texans face billions in water works bills as drought saps economy

By David Mildenberg and Whitney McFerron 13 October 2011 Allan Ritter pushed a bill to make 25 million Texans pay an extra $3.25 a year to help provide water for decades. Then, with a record drought devastating farms and ranches, the state representative’s party leaders waded in. “We couldn’t get the votes,” said the Republican […]

At least 3 million children at risk of malnutrition and disease as world ignores aid funding plea for Pakistan floods

October 5 (Save the Children) – The lives of at least three million children in Pakistan are at risk from malnutrition and disease because of a huge shortfall in emergency funding needed to help families left destitute by recent heavy flooding in Sindh province, says Save the Children. Only 9% of the £233 million required […]

MarketWatch: A new Lost Decade is leading to revolution

By Paul B. Farrell, MarketWatch 4 October 2011 SAN LUIS OBISPO, Calif. (MarketWatch) – Memo to the Super Rich, your high-paid lobbyists and your no-compromise political puppets whose sole mission is destroying the presidency: Yes, you are succeeding. You’re also killing the economy. Thanks to your self-destructive ideology, America is now in the second of […]

We meant well: How I helped lose the battle for hearts and minds in Iraq

The following is excerpted from We Meant Well: How I Helped Lose the Battle for the Hearts and Minds of the Iraqi People by Peter Van Buren. Read an interview with Peter Van Buren about the book here. By Peter Van Buren 21 September 2011 Help Wanted, No Experience Necessary The reconstruction of Iraq was […]

Canada faces huge global warming costs

By Michel Comte, AFP 29 September 2011 The economic impact of climate change on Canada could climb to billions of dollars per year, according to a study published Thursday by a policy group that advises the Canadian government. The report, Paying the Price: The Economic Impacts of Climate Change for Canada, by the National Round […]

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