Consumerism Schizophrenia: Consumer Spending Up, Consumer Confidence Down
The 2010 holiday season was good for retailers in the United States as Americans are back on a shopping spree, often buying what they don’t really need, and foremost what they can’t afford unless they put themselves further in debt. Despite the recession, consumerism is still America’s favorite addiction. But strangely enough, while consumer spending […]
Ecuador Joins Brazil, Argentina, Uruguay And Bolivia To Recognize Palestine
On December 24, Ecuador became the fifth South American countries to formally recognize Palestine as an independent and free state. Earlier in December, Brazil, Argentina, Uruguay and Bolivia announced their recognition of Palestine within the borders the country had before the 1967 six-day-war. This is part of a diplomatic push by Palestinian president Mahmoud Abbas […]
The Slavery Of Debt: Leave Home Without Your Amex, Visa And MasterCard
Predatory global capitalism is still running amok on the global economy. Several countries in the European Union are on the verge of complete insolvency. Ireland had to be bailed out by other richer EU members and was strong armed into accepting a budget austerity plan from the IMF. A few months ago, it was Greece. […]
Wealth: When Will The 98% Tell The 2%, Enough Is Enough?
Last night, as reported by News Junkie Post’s O. Olson, Congress passed, by an overwhelming majority, a two year renewal of the Bush tax cuts. The bill is a nice extra Christmas bonus for the wealthiest 2 percent of Americans, and it will only amplify the monumental US budget deficit. The logic behind the bill […]
WikiLeaks’ Assange Is Out Of Jail On Bail
On Thursday, the founder of WikiLeaks, Julian Assange was granted bail by the High Court in London. The court rejected an appeal made by the prosecution against the release of Assange. However, the bail granted today by judge Ducan Ouseley has many strings attached to it. Julian Assange will be required to stay at the […]
