World News Trust - Edited - World News Trust

How Goldman Sacked Greece (Greg Palast)
Nov. 8, 2011 (GregPalast.com) -- Here's what we're told: Greece's economy blew apart because a bunch of olive-spitting, ouzo-guzzling, lazy-ass Greeks refuse to put in a full day's work, retire ...
Read more...
Key Lesson from Iceland Crisis is 'Let Banks Fail' (Haukur Holm)
Nov. 8, 2011 (AFP) -- Three years after Iceland's banks collapsed and the country teetered on the brink, its economy is recovering, proof that governments should let failing lenders go bust and ...
Read more...
10 Million American Families Sliding Toward Foreclosure (Sherwood Ross)
Nov. 8, 2011 (Information Clearing House) -- Of the 55-million families with mortgages, 10.4-million of them “are sliding toward failure and foreclosure” -- a tragedy that will depress the U.S. ...
Read more...
Nearly 29% Of Mortgaged U.S. Homes Underwater (Jane Hodges)
Nov. 8, 2011 (MSNBC) -- A whopping 28.6 percent of homeowners with mortgages owe more on their loans than their homes could sell for, according to quarterly data released Tuesday by Zillow, a real ...
Read more...
Nearly half of mortgages in Chicago area underwater (Mary Ellen Podmolik)
Nov. 8, 2011 (Chicago Tribune) -- A little more than 46 percent of all single-family homes with a mortgage in the Chicago area were underwater in the year's third quarter, far more than the nation ...
Read more...
The Blue Bus Is Calling Us (James Howard Kunstler)
James Howard Kunstler -- World News Trust Nov. 20, 2011 -- Zeez European politicians unt economists all zound like rocket scientists wiss all zeir charming euro-chatter. But zey must be quite dumb ...
Read more...
Global Systemic Crisis: $30 Trillion In Ghost Assets Will Disappear By Early 2013 (LEAP/E2020)
The crisis enters a phase of widespread discounting of Western public debt Nov. 16, 2011 (LEAP/E2020) -- Public announcement GEAB N°59 -- As we come to the end of the second half of 2011, it is ...
Read more...
UC Davis Pepper-Spray Incident Reveals Weakness Up Top (Matt Taibbi)
Nov. 22, 2011 (Rolling Stone) -- Was absolutely mesmerized last night watching the viral video of the UC-Davis pepper-spraying. It was totally amazing, simultaneously one of most depressing and ...
Read more...
Possible Credit Squeeze As Investors Dump European Gov't And Bank Debt (Nelson D. Schwartz and Eric Dash)
Nov. 18, 2011 (World News Trust) -- Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the risk of a credit squeeze that could ...
Read more...
And the Country Went to Hell (David Glenn Cox )
David Glenn Cox -- World News Trust Nov. 5, 2011 -- George Orwell wrote in his ground breaking novel 1984, “He who controls the past controls the future. He who controls the present controls the ...
Read more...
‘Islamists’ on Probation: Western Reaction to Tunisian Elections (Ramzy Baroud)
Ramzy Baroud -- World News Trust Nov. 2, 2011 -- Following Tunisia’s first fair and free elections Oct. 27, the Western media responded with a characteristic sense of fear and alarm. For many, it ...
Read more...