World-News

http://www.commondreams.org/headline/2012/06/12-0

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Why The Economy Can t Get Out of First Gear: The Rich Have Sucked It Dry

By Robert Reich

Can I say this any more simply? The earnings of the great American middle class fueled the great American expansion for three decades after World War II. Their relative lack of earnings in more recent years set us up for the great American bust.

http://www.informationclearinghouse.info/article31574.htm



Fed members gave their own banks $4 trillion during bailout

By Robert Scheer

During the financial crisis, at least 18 former and current directors from Federal Reserve Banks worked in banks and corporations that collectively received over $4 trillion in low-interest loans from the Federal Reserve.

http://www.informationclearinghouse.info/article31591.htm



Jamie Dimon Is Not Alone

Banks and Businesses Took $4 Trillion in Bailouts. This report reveals the inherent conflicts of interest that exist at the Federal Reserve.

http://www.informationclearinghouse.info/article31590.htm



Federal Reserve predicts new economic crisis

A recent meeting of the US Federal Reserve revealed that members of America s central bank are not very optimistic about the future of the country s economy.

http://rt.com/usa/news/economic-meeting-fed-members-048/


From Information Clearing House

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The Great Retirement Squeeze: Pension Cuts Mean Poverty for Future Elders

Paul Kleyman, New America Media: ''Only a week after an election signaling a rollback in public-employee retirement benefits, new Federal Reserve data show a sharp decline in family wealth. The effect is especially acute for non-whites and Hispanic households. The compounding factors of deep losses in U.S. family wealth, sharp declines in pensions and calls in Washington to reduce Social Security could tarnish Americans' golden years for generations to come, particularly for economically vulnerable groups of older women and ethnic elders.''

http://truth-out.org/news/item/9802-the-great-retirement-squeeze-pension-cuts-mean-poverty-for-future-elders



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=economic+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=middle+class
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=public+employee
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jamie+Dimon
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=corporat
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=retirement
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=pension+cut
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=poverty
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Kleyman
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Scheer
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