Spaniards wait in line at a government employment office in the Madrid suburb of Santa Eugenia. Spain’s National Statistics Institute (INE) says the country’s population is shrinking at an accelerating pace amid soaring unemployment. The INE said on Tuesday that nearly 260,000 people moved from the crisis-hit country in the first half of 2013, while only 134,312 migrated to the country. This left... 

The United States is experiencing an “economic collapse” because major powers like China and Russia have decided not to use US dollar in trade, a political analyst says. “The American economy is just beginning to collapse. China, Russia and many other countries are moving away from using the US dollar in trade,” Linh Dinh said in an interview with Press TV on Tuesday. “So when the US dollar... 

Britain’s Chancellor of the Exchequer George Osborne says the country’s gross domestic product (GDP) fell by 7.2 percent from 2008 to 2009, adding that the drop wiped £112 billion off the UK’s economy. Making his Autumn Statement before lawmakers at the House of Commons, Osborne stressed that the country could not stop fighting for its recovery as a reassessment by the Office for National Statistics... 

A federal judge ruled Tuesday that Detroit, Michigan is indeed eligible for bankruptcy protection, giving the go-ahead to the once booming Motor City to move forward with plans to restructure more than $18 billion in debt. Amid reading excerpts from a lengthy decision of more than 140 pages, United States Bankruptcy Judge Steven Rhodes announced during Tuesday morning’s historic hearing that he... 

Health officials in Greece have voiced alarm over a dramatic rise in HIV infection amid steep healthcare cuts in the austerity-stricken country. Official data released by the Greek Health Ministry showed on Friday that 1,058 new HIV infection cases were reported in the first 10 months of this year. Greek officials have warned against dangers from austerity cuts in the country’s healthcare system. Meni... 

The rising unemployment rate in Germany has forced an increasing number of people to permanently move to campgrounds in an attempt to save money. According to a report published by Spiegel Online International on Wednesday, thousands of people have transformed campsites from holiday spots to residential communities. They say they cannot afford living in urban areas. “Over the last 10 years, more... 

A new study shows nine out of 10 families occupying aging high-rises in Toronto’s low-income neighborhoods are living in inadequate housing and risk homelessness. The University of Toronto study, released on Friday, showed half of those families live in overcrowded places and one third spend more than half their income on rent. The results of the study were published on the same day that people... 

Blackout Britain – it’s only just the beginning. BASF, the world’s largest chemical company, has been headquartered in Germany since before the country formally existed. Founded in 1865 by the industrial pioneer Friedrich Engelhorn, it still occupies the vast site on the banks of the Rhine at Ludwigshafen where its first dye and soda factories were built. A third of its staff are employed... 

To protect Russians against the “collapsing US debt pyramid”, a Russian legislator has filed a draft bill to ban circulation of the currency in Russia. Once a Moscow mayoral hopeful, Mikhail Degtyarev, 32, likens the US dollar to a worldwide ponzi scheme which he says is scheduled to end in 2017. “If US national debt continues to grow at its current rate, the dollar system will collapse in 2017,”... 

Italy’s economy has entered its third year of recession after its gross domestic product (GDP) continued to contract in the third quarter of this year, official data shows. The national statistics office, Istat, reported on Thursday that Italy’s GDP shrank by 0.1 percent in the July-to-September period, marking the ninth quarterly contraction in a row. Furthermore, the figures showed that on an... 

Prices of goods in Greece, from milk and bread to medicine have fallen by 2.0 percent in October, and are now at their lowest since 1962. Only the price of alcohol and tobacco increased in the last year. Consumer prices in Greece plummeted 2.0 percent year-on-year in October 2013, according to a report by Greece’s Hellenic Statistical Authority on Friday. In its sixth year of deep recession, unemployment... 

Spain’s unemployment has increased sharply in October, leaving some 87,000 more Spaniards without work, data from the labor ministry shows. The ministry released the data on Tuesday, putting the number of registered jobless last month at 4.81 million. The increase followed another rise in September of over 25,000 people. Analysts say the reason for the two months of decline is due to layoffs in... 

Amaya Muñoz cries in the arms of friends on being evicted from her home; the operation was conducted by 100 police officers. This is the mirror image of the horror affecting countless families across Spain, who are losing their jobs and their homes in the most shocking wave of austerity. Amaya Muñoz is the drama of the Spanish population facing austerity policies: she is jobless and homeless. “You... 

A stunning Ministry of Finance (MoF) report released today on the global impact of the recently implemented Affordable Care Act (ACA) [otherwise known as Obamacare] in the United States is warning that this new law is now in a “death spiral” which could, by February 2014, collapse the entire world’s economic system as the US Federal Reserve would not be able to bail out its European Union (EU)... 

In light of the arrogant and brazen internationalism courtesy of Antonis Samaras and the unconstitutional and unlawful persecution of the leader and Members of Golden Dawn, he is now expecting people to give a “thank you” to the international usurers, who with the help of this domestic political puppet continue to steal from the Greek People. The lackeys of militant journalism sunk to the lowest...