Global News

Chinese Workers riot, kill manager (CNN):
Workers at a Chinese steel factory upset with a possible merger kill their manager.

Don’t Let Obama Put GMO Boosters in Charge of Food Safety! (Organic Consumers Association):
Former Monsanto lobbyist Michael Taylor has been appointed as a senior adviser to the Food and Drug Administration Commissioner on food safety.

GM crops being secretly grown in Britain (Telegraph):
Fencing, CCTV cameras and guards will protect the crops from being ripped up again.

Scams And Bailouts The Cause of World Depression (The International Forecaster):
About two months ago our sources informed us that the US government had begun sending large amounts of cash to embassies throughout the world to be exchanged for local currency. We have had a number of reports that this in fact has been the case.
Having been involved in counterintelligence and for some 50 years in economics and finance, I believe this is a precursor to problems centered around the US dollar.

Bush Weighed Using Military in Arrests (New York Times)

Mass Layoffs: The Continuing Devastation (Lew Rockwell)

Guaranty Financial, No. 2 Texas bank, says may fail (Alibaba News):
Shares fall 27 pct

Money printing, debt growth and deficits don’t create prosperity, says Marc Faber (Business Intelligence Middle East)

The rich have never had it so good (Salon):
The wealthiest 1 percent have never had it so good. According to government figures, 1-percenters’ share of America’s total income is the highest it’s been since 1929, and their tax rates are the lowest they’ve faced in two decades.

Cash-Strapped California’s IOUs: Just the Latest Sub for Dollars (Wall Street Journal):

Police powers for 2012 Olympics alarm critics (Guardian):
The government was accused tonight of giving itself draconian powers to clamp down on protests at the 2012 Olympics. Critics said the powers were so broad they would potentially give private contractors the right to forcibly enter people’s homes and seize materials.

Jobless Checks for Millions Delayed as States Struggle (New York Times)

Detroit Heads For Bankruptcy; 50 Cities Must “Shrink to Survive” (Global Economic Analysis)

UK Economy shrinks at record annual rate in Q2 (Times Online)

British economic collapse rivals Great Depression (Telegraph)

Is the US Economy Close to Hitting Bottom? (Mises Institute)

Swine Flu Plc: Cashing in on the pandemic (Independent):
For dozens of companies, including giant multinational corporations and tiny internet quacks, the outbreak of swine flu frenzy has turned into a licence to print money.

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