Policemen clash with protesters while trying to dismantle a camp set up in Catalunya square in Barcelona on May 27, 2011. At least 100 people have been injured after police clashed with demonstrators in Barcelona amid protests against the economic crisis and sky-high jobless rate in Spain. Policemen swiped at protesters with batons, dragged them on the ground and even fired rubber bullets on Friday... 

Dominique Strauss-Kahn is set to receive a $250,000 ‘golden parachute’ severance payment and American taxpayers will help fund it. The former International Monetary Fund chief, who quit after being charged with sexually assaulting a New York hotel maid, is also due to be handed a pension. U.S. Congressmen reacted angrily to the deal but conceded they are almost powerless to stop it from... 

Lack of post-crisis prosecutions of fraudulent bankers is dangerous, says investigative journalist Matt Taibbi. The fact that those responsible for the recent economic crisis have not been held accountable is setting a very dangerous trend, believes investigative journalist Matt Taibbi, author and contributing editor to Rolling Stone magazine. “The number one thing that came out of this whole period... 

General view of the Puerta del Sol square in Madrid on May 21, 2011 during a protest against Spain's economic crisis. Protesters in the Spanish capital of Madrid say they will continue their rallies after the ruling Socialist Party suffered election losses. “We plan to stay until next Sunday, but we haven’t ruled out staying even longer,” said a spokeswoman for the organizers... 

This is just an example of the hundreds of abandoned American factories. At one time, a job in a factory, working along the assembly line, was what so many Americans strived for. In many ways, it was the portrait of the American Dream. Factories and manufacturing plants also, once formed the back bone of this country.In some cities and towns, manufacturing plants were the sole industry on which everything... 

When liberal investor George Soros gave $1.8 million to National Public Radio , it became part of the firestorm of controversy that jeopardized NPR’s federal funding. But that gift only hints at the widespread influence the controversial billionaire has on the mainstream media. Soros, who spent $27 million trying to defeat President Bush in 2004, has ties to more than 30 mainstream news outlets... 

The Bushehr nuclear power plant, located in southern Iran. According to Russia, the first reactor at Iran’s Bushehr nuclear power plant has gone into operation, as reported by AP. A spokesperson for the Atomstroyexport company, the Russian contractor of Iran’s Bushehr nuclear power plant, says the activities at the plant is progressing well and on schedule. Olga Tysleva told IRNA on Friday... 

Melting of the polar ice cap has made Arctic resources more accessible. WikiLeak cables show fears that Arctic resources rivalry could lead to military conflict between Nato and Russia. The US government has signalled a new determination to assert its role in Arctic oil and gas exploration by sending secretary of state Hillary Clinton and other ministers to a summit of the region’s powers for... 

Microsoft Corp. is in talks to buy Skype Technologies SA to gain the world’s most popular international calling service and its 663 million customers, according to two people familiar with the matter. A deal would value Skype at about $8.5 billion and may be announced as early as today, said one of the people, who asked not to be identified because the talks are private, Bloomberg reports. Analysts... 

The Obama administration has decided to provide about $1 billion in debt relief for Egypt, a senior official said Saturday, in the boldest U.S. effort yet to shore up a key Middle East ally as it attempts a democratic transition. The aid would be part of a major economic aid package that also includes trade and investment incentives, officials said. It is intended to help stabilize Egypt after demonstrations... 

Five years and one financial crisis since the United States and China commenced regular high-level economic talks, fast-growing Beijing might have the upper hand this week in the latest round of discussions between the world’s two biggest economies. China faces threats of penalties against goods shipped to its largest foreign market unless it does more to end what U.S. manufacturers say are... 

Spain’s unemployment rate has hit 21.3% for the first time in nearly 13 years, official figures have shown. There were 4,612,700 people unemployed in the country at the end of March, the national statistics agency INE said. Spain’s jobless rate has risen sharply during the economic downturn and is the highest in the eurozone. Meanwhile, official European Union (EU) figures showed that... 

Nokia is almost Finish(ed), due to its stubbornness to switch to Android, is now set to cut 4,000 jobs worldwide by the end of 2012. Mobile phone maker Nokia to cut 4,000 jobs worldwide from its 65,000-strong workforce, including 700 in the UK Nokia, once indisputably the world’s largest mobile phone company, will lay off 4,000 people worldwide by the end of next year as it attempts to cut costs... 

The International Monetary Fund has just dropped a bombshell, and nobody noticed. For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China. The Obama deficit tour The Wall Street Journal editorial page’s Steve Moore critiques the president’s speeches attacking Republican budget... 

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen… the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the...