World-News

http://www.lewrockwell.com/dilorenzo/dilorenzo157.html

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The Mini-Depression and the Maximum-Strength Remedy

Robert Reich, TPM Cafe: "This is not the Great Depression of the 1930s, but nor is it turning out to be merely a bad recession of the kind we've experienced periodically over the last half century. Call it a Mini Depression. The employment report last Friday shows job losses accelerating, along with the number of Americans working part time who'd rather be and need to be working full time. Retail sales have fallen off a cliff. Stock prices continue to drop. General Motors is on the brink of bankruptcy. The rate of home foreclosures is mounting."

http://www.truthout.org/111008T



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