Recession In The
By The BBC
The feared recession in the
Bush Convenes Plunge Protection Team
By Ambrose Evans-Pritchard, International Business Editor
Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office.
No Jobs for the New Economy or the Old
By Paul Craig Roberts
If December is a harbinger of the new year, it is going to be a bad one. The past year, hailed by Republican propagandists and "free trade" economists as proof of globalism's benefit to Americans, was dismal.
The Economic Strategy of American Empire.
Interview with financial economist and historian, Dr. Michael Hudson.
Bad news piles up for British economy:
The bad news on the British economy piled up further Monday as one report found that activity in the services industry fell at the end of 2007 and another survey revealed that companies are at their most pessimistic in five years.
José Luis Rodríguez Zapatero, the Spanish prime minister, announced that