U.S. National Debt Now Mathematically Impossible To Pay Off

Fears of 'Lehman-style' tsunami as crisis hits Spain and Portugal

February 4, 2010, (Telegraph) -- The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words. FULL STORY

Resurrection of German defense machine

January 18, 2010, LONDON (MarketWatch) -- Since the end of World War II, building up large-scale defense companies in Germany has always been something of a taboo. FULL STORY

Related items

A New German Defense Giant Fulfills Prophecy

Experts See Another Global Dip Ahead

January 27, 2010, Davos (WSJ) -- Davos Attendees Pin Hopes on Emerging Economies, Saying Debt and Deficits Will Trouble U.S.; Sparring Over Bank Rules FULL STORY

Signs Of The Apocalypse: The Return Of The Layoff

January 25, 2010 (24/7 Wall St.) -- Layoffs in unrelated industries, even when close together in time, are just that—unrelated. That is until they begin to grow rapidly in number. Three of America’s largest firm announced firings or signaled them during the last week. FULL STORY

America slides deeper into depression as Wall Street revels

January 10, 2010 (Telegraph) -- December was the worst month for US unemployment since the Great Recession began. The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. FULL STORY

The Federal Reserve Bought Approximately 80 Percent Of U.S. Treasury Securities Issued In 2009

January 8, 2010 -- No, the headline is not a misprint. According to CNBC, the Federal Reserve bought approximately 80 percent of the U.S. Treasury securities issued in 2009. In other words, the Federal Reserve has been gobbling up the massive tsunami of U.S. government debt that has been created over the past year. FULL STORY

The Scariest Jobs Chart Ever

January 10, 2010, The chart [see larger image] shown here from Calculated Risk shows the decline in jobs as a percentage of the work force at the peak. To date in this recession, we've lost more than 8 million jobs. The decline as a percentage of the workforce is the worst since the Great Depression, matching the sharp but short drop in 1948, as the war machine wound down. FULL STORY

6.5-Magnitude Earthquake Hits Northern California

January 10, 2010, FRESNO, California (AP via FoxNews) -- A magnitude-6.5 earthquake struck off the coast of Northern California Saturday afternoon, damaging buildings, knocking out power in several coastal communities and leaving a trail of broken windows and dishes south of the Oregon border. FULL STORY

Cardinal Vlk warns of 'Islamization' of Europe, calls for return to Christianity

January 6, 2010, Prague, Czech Republic (CNA) -- The outgoing Archbishop of Prague Cardinal Miloslav Vlk has warned of the "Islamization" of Europe, calling for Europeans to return to their Christian roots. "The fall of Europe is looming," he said in an interview. FULL STORY

How Russia is about to dramatically change the world

January 5, 2010 (theTrumpet) -- In a remote corner of the world, a port bristles with cranes, smokestacks, mammoth ships - and trouble for Europe. FULL STORY