“The crisis is not over yet”
Published: 14 September, 2009, 23:22
There are signs that economies of other countries are improving, like Japan, France and Germany, but we don’t see it here in the US, says RT contributor Wayne Madsen.
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It's a year since the collapse of investment bank Lehman brothers, which heralded the start of the global financial meltdown. US President Obama addressed the nation from Wall Street.
15.09.2009, 09:36
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The past year of economic decline has seen Washington’s influence on the wane, as well as London’s, and the way is now open for other countries to decide policy. Among them: Russia and her BRIC colleagues.
21.10.2009, 02:06
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34 million Americans are relying on the food stamp program for everyday essentials. It’s mostly the elderly who are suffering.
13.11.2009, 22:38
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There’s broke and then there’s Pembroke (Illinois, that is). Located in the northern county of Kankakee, the township of Pembroke is now suffering a crushing 46% unemployment rate.
05.11.2009, 10:59
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The new financial instruments invented about 30 years ago helped the America’s wealthiest to suck up the extra wealth created by deregulated finance system, explains Les Leopold, author of “The Looting of America”.
15.09.2009, 08:28
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September 15 marks the economic 9/11 that shook the US last year. Global financial services firm Lehman Brothers collapsed and became a symbol of the largest bankruptcy in American history.
05.04.2010, 12:45
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American bankers see themselves as the gods of money, a class above mere mortals, and they can do what they wish, said renowned economic researcher and historian William Engdahl in an interview with RT.
11.09.2009, 09:05
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Hit by the recession, the once-prosperous UK town of Swindon has one of the highest unemployment rates in the country. Many fear it will lead to a whole generation of people who've lost their will to work.
18.06.2010, 09:51
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Detroit used to be one of America's premier auto manufacturers, but with the demise of its carmakers, Detroit’s residents are facing rising unemployment and crime in a city which has become a shell of its former self.
16.04.2010, 23:19
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The eurozone’s secret is that its pockets are a little dusty. It could print or borrow the cash to bail out Greece and but it knows that would not be the end of it.
Published: 14 September, 2009, 23:22
There are signs that economies of other countries are improving, like Japan, France and Germany, but we don’t see it here in the US, says RT contributor Wayne Madsen.