Dollar-Yuan Currency War (tags)
The value of the Yuan is not the cause for the US trade and balance of payments deficits. The reasons are the high state indebtedness (armaments/ wars and tax gifts to the rich) and the indebtedness of private households. The US has a trade deficit with 90 countries.
The wages of sin have come due.
Warnings of a US recession and global slowdown (tags)
Three commentaries published in the Financial Times over the past week have pointed to the increasing likelihood of a US recession that would have major implications for the global economy.
Consumer Shock at the Pump (tags)
Life was disrupted when the world faced the first oil price crisis in the winter of 1973. People in the southern US are experiencing this today.. Around a quarter of US production was lost through the hurricane.
Fortune Magazine: After Sadam (tags)
"A prolonged, expensive, American-led occupation is also plausible, one that could turn U.S. troops into sitting ducks for Islamic terrorists, a la Lebanon in the 1980s."
Officer Acquitted in Ohio Shooting (tags)
AP/David Kohl Cincinnati police officer Stephen Roach leaves the courtroom with his wife, Erin, after court was adjourned for the day Friday, Sept. 21 in Cincinnati.