World-News

Nicolas Baverez, Le Monde (Translation: Leslie Thatcher): "The developing world at this yearend 2009 is emerging from the most violent recession since the deflation of the 1930s, with growth of 0.9 percent in the United States and 0.2 percent in the Europe of the Twenty-seven. The end of the recession, however, comes nowhere near marking emergence from the crisis. The recovery is fragile - dependent as it is on inventory restocking and cash-for-clunkers - and unbalanced: economic activity is growing 8.9% in China, 6.1 percent in India, 2.9 percent in Korea and 1.9 percent in Brazil, while the recession persists in the United Kingdom and Spain."

http://www.truthout.org/1201096



"Commission" Is Washington Speak for Cutting Social Security and Medicare

Dean Baker, Truthout: "The 'experts' who could not see the $8 trillion housing bubble that wrecked the economy are now telling us that we have to create a special commission so that they can cut Social Security and Medicare. With much of Washington's punditry behind this effort, they could succeed."

http://www.truthout.org/1201095



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