If Australians want to get an insight into how things will pan out here, they only have to look at America. Despite soaring unemployment and the 19 million Americans currently living in “deep poverty”, federal funds for the Temporary Assistance For Needy Families (TANF) program have entirely dried up for the first time since 1996, [...]
Entries Tagged as 'usa'
Crystal Ball for Aussies
December 23rd, 2010 · No Comments
Tags: australia · economy · poverty · usa
Nuclear waste disposal? No plans!
September 19th, 2010 · No Comments
In Australia, there is talk of nuclear power as the solution, but really, the following story of inaction by the government is a warning to us here in Australia. In the USA, tens of thousands of tons of potentially lethal radioactive waste have been piling up across the nation for more than a generation, but [...]
Tags: nuclear power · usa
THE Most Important Chart of the CENTURY
August 18th, 2010 · No Comments
The latest U.S. Treasury Z1 Flow of Funds report was released on March 11, 2010, bringing the data current through the end of 2009. What follows is the most important chart of your lifetime. It relegates almost all modern economists and economic theory to the dustbin of history. Any economic theory, formula, or relationship that [...]
America, the Collapsing Empire
August 8th, 2010 · No Comments
By Glenn Greenwald As we enter our ninth year of the War in Afghanistan with an escalated force, and continue to occupy Iraq indefinitely, and feed an endlessly growing Surveillance State, reports are emerging of the Deficit Commission hard at work planning how to cut Social Security, Medicare, and now even to freeze military pay. [...]
Tags: big picture · economy · usa
What Cuba and USA have in Common
August 6th, 2010 · No Comments
Cuba feeds its citizens with a food stamp system that entitles them to 3 weeks food per month and the fourth week they have to provide for themselves. Ask any citizen and they will tell you the food is not enough as they have to supplement the food available with more to make a meal. [...]
