Why the U.S. has Launched a New Financial World War, And How the the Rest of the World Will Fight Back (Michael Hudson)

“Coming events cast their shadows forward.” – Goethe Oct. 12, 2010 (Counterpunch) -- What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on the ...

Slashing the Dollar - The Future is Ugly (Mike Whitney)

Oct. 13, 2010 (Information Clearing House) -- This has the makings of a real donnybrook. The Fed has has hinted that it will launch a second round of quantitative easing (QE) sometime after its Nov. ...

Currency wars are necessary if all else fails (Ambrose Evans-Pritchard)

The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handl ...

US Healthcare 'to Blame' for Poor Life Expectancy Rates (BBC)

Oct. 10, 2010 (BBC) -- The U.S. healthcare system is to blame for declines in the country's life expectancy ranking, a study suggests. The Columbia University report rejects claims that factors such ...

How Democracy Dies: Lessons from a Master (Chris Hedges)

Oct. 11, 2010 (Truthdig) -- The ancient Greek playwright Aristophanes spent his life battling the assault on democracy by tyrants. It is disheartening to be reminded that he lost. But he understood t ...

Wells Fargo: No halt to foreclosures (Mark Calvey)

Oct. 8, 2010 (San Francisco Business Times) -- Wells Fargo said Friday it has no plans to adopt a foreclosure moratorium despite Bank of America’s decision today to halt all foreclosures. “Wells Farg ...

Over 60 percent of Afghans suffer mental health problems (Agence France-Presse)

Oct. 10, 2010 -- KABUL (Agence France-Presse) -- Scarred by decades of war, social problems and poverty, more than 60 percent of Afghans suffer from stress disorders and mental health problems, a top ...

How Do You Take Your Tea? With Heaping Spoonfuls of Irony, Of Course (David Michael Green)

Oct. 10, 2010 (Information Clearing House) -- It's so great that Americans are finally angry about the state of their country. But it's beyond awful that all the wrong people are beside themselves fo ...

Government had Been Warned for Months about Troubles in Mortgage Servicer Industry (Zachary A. Goldfarb)

Oct. 10, 2010 (Washington Post) -- Consumer advocates and lawyers warned federal officials in recent years that the U.S. foreclosure system was designed to seize people's homes as fast as possible, o ...

S&P: 60 Percent Of Countries Will Be Bankrupt Within 50 Years (Daniel Tencer)

Predicts US will have a debt of 415 percent of GDP by 2050 Oct. 10, 2010 (Raw Story) -- Some 60 percent of the world's economies will be so in debt by 2060 that their debt will be downgraded to "junk ...

World Job Crisis is a Threat to Democracy, Says IMF Head (Larry Elliott)

International Monetary Fund meeting dominated by fears that US job crisis will add to currency tensions with China Oct. 10, 2010 -- WASHINGTON (The Guardian) -- The International Monetary Fund was se ...