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US funding bill to make sequester cuts permanent Hundreds of thousands face unpaid furloughs By Andre Damon 19 March 2013 As the US government prepares to furlough hundreds of thousands of federal employees next month, Congress is moving to make permanent the $1.2 trillion in spending cuts over the next decade mandated by the sequester process that was triggered at the beginni..

The debt bomb just got biggerMax Keiser, the host of RT's ‘Keiser Report,’ is a former stockbroker, the inventor of virtual specialist technology and co-founder of the Hollywood Stock Exchange. Get short URLPublished time: March 18, 2013 15:49A trader reacts on the IG Group trading floor in London March 18, 2013. (Reuters/Neil Hall)Share on TumblrThe amount of debt worldwi..

Obama renews calls for slashing Medicare, Social SecurityBy Andre Damon 16 March 2013President Barack Obama continued his closed-door meetings with congressional leaders Wednesday and Thursday, seeking to work out a budget deal that will slash more than a trillion dollars from social spending over a ten-year period. The WSWS needs your support!Your donations go directly to fin..

JPMorgan and the criminalization of the US ruling class18 March 2013Barely a week after Attorney General Eric Holder admitted to a Senate committee that the Obama administration considered the major Wall Street banks too powerful to prosecute, i.e., that they were above the law, the Senate Permanent Subcommittee on Investigations released a 300-page report documenting rampant ..

Cyprus debates imposing bank deposit tax to bailout banksMarch 18, 2013 By Andrew Moran Leave a CommentOver the weekend, Cypriots were shocked to find that the government may impose a tax on all bank deposits as part of a bailout agreement with the International Monetary Fund (IMF). On Saturday, Cyprus agreed to a bailout of 10 billion euros ($13 billion) from its cohorts in E..

Egypt: economic collapse would be devastating, AshtonPressure for IMF package, human rights concerns13 MARCH, 19:50 BackBackSendScrivi alla redazioneSuggest(ANSAmed) - STRASBOURG, MARCH 13 - The consequences of an economic collapse in Egypt would be devastating and Europe cannot allow this to happen, EU foreign policy chief Catherine Ashton said Wednesday at the European Parli..

The Next Inflation Surge: When Will It Come?Larry Edelson | Monday, March 18, 2013 at 7:30 am Right now, I remain bearish most commodity markets. The reason being, they simply have not fulfilled a short-term cyclical test of support. So, more downside is possible in gold, silver, oil, and an assortment of other commodities. In fact, I expect we’ll soon see gold break down an..

Former US Treasury Official - Fed Desperate To Avoid Collapse Today a former Assistant Secretary of the US Treasury told King World News, “... the dollar is the vulnerable spot in the Fed’s policy management, and the popping of the bubble is likely to come from the dollar.” Former Assistant of the US Treasury, Dr. Paul Craig Roberts, also warned King World News that a fi..