World-News

With the eurozone on the brink of a new recession, this will be the year when millions of people bear the brunt...

http://bit.ly/sHXjQS



Occupy activists retake Wall Street while police focus on New Year s Eve in Times Square

The Occupy Wall Street movement made a surprise invasion of Zuccotti Park last night while the police focused on New Year s Eve celebrations elsewhere in New York.

http://bit.ly/uVgdNk



IMF executive warns of eurozone 'spiral'

A senior International Monetary Fund executive warned on Monday that Europe required bold action to avert a ''downward spiral'' that could drag the world economy into ''catastrophe''.

http://yhoo.it/A1NHbB


From Information Clearing House

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Austerity and the Modern Banker

Simon Johnson, Project Syndicate: 'The rationale, or perhaps we should call it ideology, behind supporting big banks is that they are needed for the economy to recover. But this position looks increasingly doubtful when the banks are sitting on piles of cash while creditworthy consumers and businesses are reluctant to borrow.'

http://www.truth-out.org/austerity-and-modern-banker/1325513814



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=IMF
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=austerity
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
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