French car sales slump 7.8% percent in October. France’s Renault has announced some 7,500 layoffs by 2016 as the floundering company seeks to sharpen its competitive edge. Renault said on Tuesday that it has settled with unions over making 5,700 redundancies through natural attrition after making employees retire three years earlier. “If an agreement is signed with unions, this staff redeployment... 

Greek Prime Minister Antonis Samaras arrives at the Finance and Development Ministry in Athens for a meeting with the Development minister, January 9, 2013. New official data show that Greece’s unemployment rate increased to 26.8 percent in October as the eurozone country witnesses a sixth year of recession. “Unemployment in October 2012 was 26.8 percent, compared with 19.7 percent in October... 

Eurozone jobless rate hits new record at 11.8 percent in November 2012. Official data show the unemployment rate in the eurozone has hit a new record in November, 2012, as the 17-nation bloc continues to grapple with worsening financial crisis. According to official figures, the jobless rate for November reached 11.8 percent, up from 11.7 percent in October. November comes as the eurozone’s 19th... 

Did you see the huge crowds of protesters that flooded the Michigan Capitol on Tuesday? They were there to protest two bills there were being considered by the state legislature that would limit the power of unions in the state. Michigan lawmakers approved the bills and this absolutely infuriated the protesters. There is a lot of passion on both sides of this debate, but I am afraid that both sides... 

Bankia’s headquarters in Madrid Spain’s nationalized Bankia says it plans to cut 6,000 jobs by laying off about 28 percent of its staff over the next three years. The announcement on Wednesday follows a preliminary report on Madrid’s overall economy by the Spanish Central Bank suggesting that the country’s job-killing recession is expected to persist into the final quarter of 2012. Bankia’s... 

A website run by the federal government (“WelcomeToUSA.gov“) encourages new immigrants to the United States to apply for welfare benefits. This website is run by the Department of Homeland Security and it says that it “is the U.S. Government’s official web portal for new immigrants.” So your tax dollars were used to build and maintain a website that teaches immigrants how to come... 

Major US electronics corporation Texas Instruments Inc. (TI) plans to eliminate 1,700 jobs. Major US electronics corporation Texas Instruments Inc. (TI) has announced plans to slash its global workforce by 1,700 people as a ‘cost-cutting’ measure. The move, announced Wednesday by the Dallas-based chipmaker, is part of the TI’s plan to discontinue its mobile business, according to the company’s... 

Reuters polls show that the global economy is expected to improve only slightly in 2013. New projections on unemployment in eurozone show that the jobless rate among member countries will hit a new peak at about 12 percent next year. The European Union’s autumn forecast on Wednesday said that unemployment would hit a new peak at 11.8 percent among the 17-nation EU in 2013 and go down slightly to... 

People walking by closed shops in Athens during the 24-hours general strike. Greeks have kicked off a new wave of strikes to protest against fresh austerity measures due to be presented by the government to the parliament. The work stoppage began on Monday as the metro in the capital Athens was shut and taxi drivers halted services. There was also a media blackout on Monday as journalists stopped working... 

A man looking for job opportunities on newspapers in a shop in Naples, Italy. Newly-released figures show that Italy’s economy will shrink further in 2012 and 2013 as the country’s recession continues to take its toll. Italy’s National Institute for Statistics (Istat) said on Monday that gross domestic product (GDP) is expected to fall by 2.3 percent due to a decrease in domestic demand. According... 

Last year, the smallest wages in Europe were paid in Ukraine, Moldova and Albania. The most highly paid professionals live in Switzerland, Denmark and Norway. However, the “low-income” Ukraine lives on labor migration. The Ukrainian citizens working in other countries, send billions of dollars to their home country every year. In Ukraine, the State Statistics Committee reported a decline... 

Swiss banking giant UBS has announced plans to slash some 10,000 jobs worldwide. The largest bank in Switzerland, UBS AG, has announced plans to cut about 10,000 jobs worldwide, as the economic crisis in the European country continues to worsen. “This decision has been a difficult one, particularly in a business such as ours that is all about its people. Some reductions will result from natural... 

People wait in line at a government employment office in the center of Madrid on September 4, 2012. Official data show that Spanish unemployment rate has exceeded 25 percent in the third quarter of 2012 as the country continues to grapple with economic woes. New figures released by Spain’s National Statistics Institute on Friday showed that the country’s unemployment rate climbed to 25.02 percent... 

When global freight transportation collapsed to record lows in July of this year most analysts wrote it off as an anomaly. In September, when one of the largest retail shipping companies in the world warned of weakening global economic conditions and announced they would slash thousands of jobs, financial markets barely even noticed. Last week, Google, the largest small business advertising platform... 

It is imperative for us to report that some of the most dire reports to date we’ve received in the past decade from the American Underground Movement (AUM) involve a new US law that mandates that the Federal Emergency Management Agency (FEMA) begin new a system of “mass fatality planning” as the “wheels,” so to speak, continue to fall off the present global economic system. Making these...