The Decline: Geography of a Recession

ALBA alliance forgoes US dollar

The member nations of the Bolivarian Alliance for the Americas, ALBA, have decided to give up the US dollar in trading between them. They will instead use the sucre conventional monetary unit.

http://english.ruvr.ru/2009/12/14/3024295.html



Gulf nations sign monetary pact

Bahrain, Kuwait, Qatar and Saudi Arabia signed and ratified the pact on Tuesday, which will see them work towards setting up a joint central bank and implementing a single currency.

http://english.aljazeera.net/news/middleeast/2009/12/20091215165750877447.html



US joblessness cripples Americans: poll

With unemployment driving foreclosures nationwide, a quarter of those polled said they had either lost their home or been threatened with foreclosure or eviction for not paying their mortgage or rent.

http://www.presstv.ir/detail.aspx?id=113777&sectionid=3510203



The Decline: The Geography of a Recession

Watch the deteriorating transformation of the U.S. economy from January 2007 -- approximately one year before the start of the recession -- to the most recent unemployment data available today.



http://www.youtube.com/watch?v=RrP9qJmjIsA


From Information Clearing House



http://freepage.twoday.net/search?q=U.S.+economy
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