World-News

By James Politi

As it stands today, the U.S. borrows about 40 cents of every dollar it spends.
http://www.informationclearinghouse.info/article27262.htm



What Does Wikileaks Have on Bank of America?

By Mary Bottari

In 2008, BofA acquired Countrywide, one of the most aggressive and fraudulent lenders during the housing bubble. The result has been a train wreck of liability and lawsuits for the megabank that now has over 1.3 million customers in foreclosure.

http://www.informationclearinghouse.info/article27259.htm



Austerity Policies Worsen Racial Economic Inequalities Hits Black and Latino People Hardest

By United for a Fair Economy

The official unemployment rate is 15.8 percent among Blacks and 13 percent among Latinos; Blacks earn only 57 cents for each dollar of White family income, Latinos earn 59 cents; and Blacks have only 10 cents of net wealth while Latinos have 12 cents to every dollar of net wealth that Whites have.

http://www.informationclearinghouse.info/article27258.htm



JPMorgan Chase profit soars 47%

JPMorgan Chase & Co., the second-largest bank in Arizona by deposits, beat Wall Street estimates Friday with a 47 percent increase in fourth quarter profit to $4.83 billion, or $1.12 a share.

http://www.bizjournals.com/phoenix/news/2011/01/14/jpmorgan-chase-profit-soars-47.html



S&P, Moody's Warn On U.S. Credit Rating

With attention focused on sovereign-debt worries in Europe, two major credit-rating firms reminded investors again that the U.S. has debt problems of its own.

http://on.wsj.com/haSFnp



Foreclosure Filings in U.S. May Jump 20% From Record 2010 as Crisis Peaks

The number of U.S. homes receiving a foreclosure filing will climb about 20 percent in 2011, reaching a peak for the housing crisis, as unemployment remains high and banks resume seizures after a slowdown, RealtyTrac Inc. said.

http://bit.ly/ehCjge



Jobless claims hit a 10-week high

The number of Americans filing for first-time unemployment benefits rose unexpectedly to 445,000 from 410,000 in the prior week, a Labor Department report showed. It was the biggest one-week jump in about six months and confounded analyst forecasts for a small drop to 405,000.

http://www.reuters.com/article/idUSTRE70A41H20110113


From Information Clearing House

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The Fed Has Spoken: No Bailout for Main Street

Ellen Brown, Truthout: "The Federal Reserve was set up by bankers, for bankers, and it has served them well. Out of the blue, the Fed came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plunged state and local governments into insolvency, but the Fed has now delivered its ultimatum: there will be no 'quantitative easing' for municipal governments."

http://www.truth-out.org/the-fed-has-spoken-no-bailout-main-street66820



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=credit+rating
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=credit+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Main+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bank+of+America
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=JPMorgan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=austerity
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=jobless
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wikileaks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Mary+Bottari
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown
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