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Egypt and Lebanon protests: Thousands clash with police on streets

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Fury: Furious Egyptians clash with riot police in protests which rocked the capital city of Cairo. Appointment of new prime minister in Lebanon sparks riots. Thousands of anti-government protesters inspired by the Tunisian revolution clashed with riot police in the centre of Cairo today demanding the overthrow of president Hosni Mubarak. Police responded with water cannon and attacked crowds with batons... 

More than 50% of Americans say they are worse off now under Obama

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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... 

Children scavenge bins for food as low-income families lose €3,500

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POOR children in a prosperous city are forced to scavenge for food in bins, a leading charity claimed last night. St Vincent de Paul (SVP) said two five-year-olds were spotted rooting through a bin on Kilkenny’s High Street by a local social worker in recent days. Liam Heffernan, president of Kilkenny SVP told the ‘Kilkenny People’: “I also saw an adult searching through a... 

White British school children 'worst hit' by poverty

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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... 

Record number in government anti-poverty programs

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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... 

Der Spiegel: US middle class vanishing

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This file photo shows members of a group called 'The Other 95 Percent' hold a rally to thank US President Barack Obama for their middle class tax cuts as a counter-protest to anti-tax groups rallying on the National Mall in Washington April 15, 2010. The American middle class is on the verge of disappearing, while the United States, itself, is in danger of becoming a third world country, a... 

Middle Class is systematically being wiped out

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61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007. The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America. The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States... 

Romania's public wages drop 25%, pensions drop 15%

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VAT and the flat tax remain unchanged, while wages in the public sector will drop 25%, President Traian Basescu announced on Thursday, after a meeting with IMF experts and politicians from the governmental coalition. Here are the main ideas put forward by the Romanian president: * There are 3 million people working the real economy and public sector spending transferred on those who work. The... 

Israel has cost the United States about $1.6 trillion

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Since 1973, Israel has cost the United States about $1.6 trillion. If divided by today’s population, that is more than $5,700 per person. This is an estimate by Thomas Stauffer, a consulting economist in Washington. For decades, his analyses of the Middle East scene have made him a frequent thorn in the side of the Israel lobby. For the first time in many years, Mr. Stauffer has tallied... 

Chinese man chains his 2-year-old boy to lamppost outside Beijing mall

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Chained: Two-year-old Chen Chuanliu is regularly padlocked to a tree while his rickshaw driver father touts for customers in Beijing No escape: The padlock securing the toddler At first sight it seems the ultimate in child cruelty – a two-year-old boy chained to a lamp post to stop him getting away. Yet his parents say this is the only way they can guarantee not to lose him. His father Chen Chuanliu... 

Food prices to rise 90%

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The National Inflation Association today released the following statement to its http://inflation.us members: “While most mainstream economists such as Nouriel Roubini are warning of deflationary threats to the U.S. economy, it is our belief that massive price inflation has already begun. The Federal Reserve’s policy of massive monetary inflation in 2009 has caused the Dow Jones to bounce... 

The U.S. Role in Haiti’s Food Riots

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Riots in Haiti over explosive rises in food costs have claimed the lives of six people. There have also been food riots world-wide in Burkina Faso, Cameroon, Cote d’Ivorie, Egypt, Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and Yemen. The Economist, which calls the current crisis the silent tsunami, reports that last year wheat prices rose 77% and rice 16%, but since January rice prices... 
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