Uncle Sam wants your money. The avalanche of failing governments in Europe has left many legislators with no choice but to seize European taxpayer savings and pension accounts to cover the governments’ bills. The seizure of pension accounts is easily accomplished in Europe as the state organizes and is in charge of said accounts. The extended recession has left many countries no choice but to get... 

A bank-owned home in Miami, Fla., where foreclosure sales made up 39.7 percent in the most recent quarter, according to RealtyTrac. Analysts expect more foreclosures in early 2011. Over the holidays, many lenders put foreclosures on hold. But that temporary freeze is over now. Industry watchers are expecting thousands of foreclosed properties to hit the market in the weeks and months ahead. Home foreclosure... 

An EU flag flutters inside the European Union headquarters in Brussels. Brussels: It’s been a stormy year for the European single currency, and there are very real fears that the sovereign debt crises that hit Greece and Ireland could engulf other eurozone countries. The EU has been under fire for its response to the crisis and for not doing enough to prevent a fresh set of bailouts. No one could... 

The plan of the American Progressives, led by President Obama, to plunge the United States into economic chaos in order for their being able to ‘rebuild’ it from ‘the bottom up’ appears to be nearing success as new warnings have been issued stating that they are just months away from financial Armageddon. American Progressives advocate changes to society through more governmental action and... 

More than 50% of Americans say they are worse off now under Obama. According to a new Bloomberg poll, a majority of Americans believes that they are worse off, today, under Obama than they were two years ago, when Obama had just been elected. Giving the president another headache that is sure to compound his political problems is the number of Americans who responded that they thought the US was... 

These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009. The... 

Can’t get hired? You may just be in the wrong place. Bad interviews or a lack of experience may not be the reason you can’t land a job. Your location may be to blame. If you’re seeking employment, consider moving to Washington, San Jose, or New York. Those are the three best places in the nation for finding a job, according to Juju.com. Juju, a site that aggregates job listings,... 

Never has one country enjoyed complete global domination as has America. For about five decades, the United States has been the strongest military, economic and cultural power on earth. For the past two decades, the international order has been America and the others (barely). However, the fun times are coming to an end. After the financial crash of 2008 and concomitant recession, Uncle Sam was revealed... 

THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited by the New York Post. “The Government is lying about the amount of debt. It is engaging in Enron accounting,” said Laurence Kotlikoff, an economist at Boston University and co-author of The Coming... 

Poverty has a far greater influence on the performance of white British pupils at school than any other ethnic group, according to research published today. Figures show a 31 percentage point gap between rich and poor white British pupils obtaining five A* to C grade passes at GCSE compared with just five percentage points for Chinese pupils and seven percentage points for Bangladeshi youngsters. The... 

Close to 10 million receive unemployment insurance, nearly four times the number from 2007. Benefits have been extended by Congress eight times beyond the basic 26-week program. Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand. More than 50 million Americans are on Medicaid, the federal-state... 

The Congressional Budget Office (CBO) forecasts the U.S. budget deficit will hit $1.3 trillion this year. An astronomical figure, to be sure, but that’s lower than was projected in March. It’s also less than last year’s record $1.41 trillion deficit, which was close to 10% of GDP. And, that’s the good news. As the deficit grows so does the national debt, which is currently more than... 

Global youth unemployment has hit a record high following the financial crisis and is likely to get worse later this year, the International Labor Organization (ILO) said Thursday. The report from the ILO says 81 million out of 630 million 15-24 year olds where unemployed at the end of 2009, some 7.8 million more than at the end of 2007. Thursday marks the first day of the UN International Youth... 

Normally when I cover subjects in the economy, I try to take a “macro” approach, giving an overall view of various financial elements around the world and how they are clearly connected to one another in a greater synchronous social force. That is to say, in Chinese domestic consumption, or European debt obligations, or Russian gold reserves, and in many other factors, is encoded the very future... 

Union members hold up “I want to work” placards as they join a protest of several thousand people demanding jobs outside City Hall in Los Angeles on August 13, 2010. Even the criminals have fallen on hard times in America’s poorest city as the long-term unemployed struggle to keep a grasp on normality. Richard Gaines is one of the best-known faces on Camden’s Haddon Avenue....